Ontario Premier Says Electricity Export Tax Is Possible If Trade Talks Fail
In March, the leader of Canada's most populous province briefly put a 25% export tax on power exports to Michigan, Minnesota and New York in retaliation for US President Donald Trump's trade war. He backed down after the president said he would increase tariffs on Canadian steel and aluminum to 50% and attack the country's auto industry, which relies on exports to the US.
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Trump wants Fed's Lisa Cook out over mortgage fraud claims
President Donald Trump on Wednesday morning demanded the resignation of Federal Reserve official Lisa Cook in his latest attack against the central bank. The call for Cook's resignation came less than a day after Federal Housing Finance Agency director Bill Pulte disclosed an Aug. 15 letter sent to Attorney General Pam Bondi pushing the Department of Justice to probe Cook's mortgages. Pulte suggested Cook committed mortgage fraud. "Cook must resign, now!!!" he said in a short social media post linking to a Bloomberg News story about her. The White House, Department of Justice, and FHFA did not immediately respond to a request for comment. The Federal Reserve declined to comment. Trump has embarked on an extraordinary campaign to pressure the Federal Reserve to lower the cost of borrowing. He's expressed enormous fury at Fed Chair Jerome Powell in particular for holding steady on interest rates all year. Trump allies like Pulte have joined Trump in prodding the central bank to cut interest rates. In Pulte's case, his pro-Trump advocacy has prompted some criticism from Republican senators who say he should focus on his main task of overseeing the mammoth residential mortgage market. Trump recently had an opportunity to imprint his stamp on the central bank after the early resignation of former Fed Governor Adriana Kugler. That allowed him to name White House aide Stephen Miran to the slot, at least temporarily. Another opening in the Board of Governors would pave the way for the president to install a second pick who's friendlier to his push for lower interest rates. Cook was nominated by former President Joe Biden and confirmed by the Senate in a May 2022 party-line vote. She is the first Black woman to serve on the Fed's Board of Governors, a 12-member group that takes frequent votes on monetary policy and helps regulate the financial sector. Her current term expires in 2038. Pulte's letter described mortgage documents it had obtained about Cook, alleging she had "falsified bank documents and property records to obtain more favorable loan terms." Over the course of a month in 2021, Cook obtained primary residence mortgages on two properties in Michigan and Georgia and declared both to be her main residence. She later listed the Georgia property for rent in 2022, which led Pulte to urge Bondi to investigate if Cook didn't disclose rental income as part of her Fed financial disclosures. Cook isn't alone in attracting scrutiny from the Trump administration over allegations of mortgage fraud. Prominent Democratic figures like Sen. Adam Schiff of California are in the same crosshairs as well. Sign in to access your portfolio
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Target beat low earnings expectations as shares drop
Target (TGT) continues to miss the mark on earnings day. The results on Wednesday morning aren't as shockingly bad as the first quarter, but the retailer is still struggling to find its place in the new economic norm of more discerning shoppers. Target's second quarter earnings narrowly surpassed consensus forecasts as it wrung out cost savings. The company also maintained the full-year outlook it slashed three months ago. But headwinds from a pressured US consumer, an influx of tariffs from the Trump administration, market-share loss to rival Walmart (WMT), and operational challenges were apparent. Target's comparable sales fell 1.9% from a year ago, led by a 3.2% drop at its stores. Comparable digital sales increased 4.3%. Gross profit margins declined to 29% from 30% a year ago. "While we're not pleased with the results, we're encouraged by the improved performance as we go into the third quarter of the year," Target chair and CEO Brian Cornell told me by video call. Prior to earnings day, Target's stock was down 23% in 2025, compared to Walmart's 13% gain. It shed 7% in morning trading on Wednesday. Read more: Live coverage of corporate earnings Fixing what ails Target is about to be someone else's responsibility. Target is tapping a homegrown talent as its next CEO at one of the most pivotal moments in the company's 63-year history. The discounter announced that longtime CEO Cornell's heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026. Cornell, who has been CEO of Target since August 2014, will slide into the executive chair position for an undetermined period of time. Fiddelke joined Target in 2003 as an intern and rose through the ranks to CFO and then COO. Earnings analysis Second quarter net sales: -0.9% year over year to $25.2 billion, vs. estimates for $24.53 billion Gross profit margin: 29% vs. 30% a year ago, vs. estimates for 28.08% Diluted earnings per share: -20.2% year over year to $2.05, vs. estimates for $2.01 Comparable sales: -1.9% year over year, vs. -3.14% estimate (Last year, comparable sales rose 2%.) Digital comparable sales: +4.3% What else caught our attention Inventory rose 2.2% from the year-ago period (estimates: +3.44%). The company didn't repurchase any stock in the quarter; $8.4 billion remains available to repurchase under a prior authorization. The number of transactions fell 1.3% in the quarter, and the average transaction amount dropped 0.6%. Full-year earnings per share are projected to be $7 to $9 (fiscal year 2024: $8.86), compared to estimates of $7.28. Comparable sales down by a low-single-digit percentage. Previous guidance (May): $7 to $9; low-single-digit percentage drop in comp sales. Original 2025 guidance: $8.80 to $9.80. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Automated Storage and Retrieval System Market Size Worth USD 21.28 Bn by 2034
According to Precedence Research, the global automated storage and retrieval system market size is expected to be worth USD 21.28 billion by 2034, up from USD 10.65 billion in 2025. The growth in e-commerce, labor shortage in logistics & warehouses, and focus on improving efficiency drive the market growth. Ottawa, Aug. 20, 2025 (GLOBE NEWSWIRE) -- The global automated storage and retrieval system market size was valued at USD 9.91 billion in 2024 and is projected to rise from USD 10.65 billion in 2025 to approximately USD 21.28 billion by 2034. It is poised to grow at a strong compound annual growth rate (CAGR) of 7.99% from 2025 to 2034. Note: This report is readily available for immediate delivery. We can review it with you in a meeting to ensure data reliability and quality for Before You Buy – Get the Sample Report@ Automated Storage and Retrieval System Market OverviewThe automated storage and retrieval system (AS/RS) is an automated system for automatically retrieving and storing loads from defined storage locations. The AS/RS holds stored materials like those in totes, pallets, and other containers. This includes automated machines like shuttles and cranes. The various types of AS/RS are unit-load, mini-load, mid-load, VLM, and carousel. The AS/RS offers benefits like space optimization, reduced labor cost, enhanced safety, increased efficiency, and improved inventory accuracy. AS/RS systems are used in applications like storage, knitting, buffering, order picking, order consolidation, and repairing parts. The AS/RS is widely used in industries like e-commerce, automotive, electronics, transportation, hospital, consumer goods, and pharmaceuticals. Automated Storage and Retrieval System Market Key Highlights: In terms of revenue, the automated storage and retrieval system market is anticipated to reach USD 11.46 billion in 2026. Europe market accounted for the highest market share of 36.27% in 2024. by end users, the automotive segment held the major market share of 22.45% in 2024. By type, crane-based segment contributed the highest market share of 42.49% in 2024. By on load, the unit load segment generated the biggest market share of 36.52% in 2024. By application, the storage segment held the largest market share of 51.81% in 2024. Automated System and Retreival System Market Size Analysis (USD Million) 2022 to 2024 Automated System and Retreival System Market Size (USD Million) by Type 2022-2024 Type 2022 2023 2024 VLM 1,723.44 1,851.10 1,989.98 Carousels 677.04 720.65 767.75 Crane-Based 3,675.85 3,932.35 4,210.47 Vertical Buffer Modules 899.77 968.35 1,043.08 Robotic Shuttles 522.21 563.69 609.01 Floor Robots 1,101.69 1,191.65 1,289.89 Automated System and Retreival System Market Size (USD Million) by Load 2022-2024 Load Type 2022 2023 2024 Unit Load 3,109.66 3,353.35 3,619.34 Mid Load 1,019.65 1,087.52 1,160.94 VLM 1,723.44 1,851.10 1,989.98 Carousels 677.04 720.65 767.75 Mini Load 2,070.20 2,215.17 2,372.19 Buy This Premium Research Report@ Major Types of Automated Storage and Retrieval Systems: Type Definition Uses Unit Load AS/RS Handles large containers and pellet loads Cold Storage Distribution High-Bay Warehouses Mini Load AS/RS Automated systems for storing & retrieving smaller items like trays, cartons, and totes Electronics manufacturing Retail E-commerce Carousel An automated storage system rotates vertically or horizontally Inventory Management Knitting Batch Picking Order Picking Shuttle Systems Automated system utilizes automated & independent vehicles for storage Sequencing items for shipping Buffering received goods Supplying an order picking line Cube-based Storage Three-dimensional grid storage systems Distribution Centers Manufacturing E-Commerce Automated Storage and Retrieval System Market Opportunity What is the Opportunity for the Automated Storage and Retrieval System? Growth in E-commerce Unlocks Market Opportunity The growth in e-commerce and the growing demand for online shopping in various regions increases demand for AS/RS for various applications. The growing online orders volumes daily, weekly & monthly increase demand for AS/RS systems. The increasing focus on reducing the time for the retrieval of items increases demand for AS/RS systems. The increasing volume of orders increases demand for AS/RS systems for automated retrieval, picking, and storage capabilities. The focus on customer satisfaction in e-commerce increases demand for AS/RS systems. The focus on improving worker productivity, automating repetitive tasks, and focus on minimizing reliance on manual labor in E-commerce increases demand for AS/RS systems. The increasing consumer demand for fast & accurate deliveries increases the adoption of AS/RS systems. The growth in e-commerce creates an opportunity for the automated storage and retrieval systems market. Automated Storage and Retrieval System Market Challenges and Limitations What are the Limitation of an Automated Storage and Retrieval System? High Maintenance Cost Limits Expansion of the Market Despite several benefits of the automated storage and retrieval systems in various industries, the high maintenance cost restricts the market growth. Factors like costly downtime during repairs, complexity of the machinery, and need for specialized technicians require high maintenance costs. The complexity of AS/RS systems with components like belts, gear assemblies, motors, moving trays, and chains requires maintenance due to operating heavy loads. The need for specialized technicians in areas like software, mechanical, and electrical engineering increases the cost. The AS/RS system malfunctions, and the need for component replacements requires a high cost. The growing integration of AS/RS with existing infrastructure and the need for regular preventive maintenance requires a high cost. The high maintenance cost hampers the growth of the automated storage and retrieval system market. Case Study: Optimizing Warehouse Operations with Automated Storage and Retrieval SystemsA leading European e-commerce retailer was facing critical operational challenges as online orders surged post-pandemic. The company operated multiple large-scale distribution centers across Germany and France, struggling with limited warehouse space, labor shortages, and increasing customer expectations for faster deliveries. Manual storage and retrieval processes were slowing down fulfillment cycles, leading to errors and rising operational costs. Challenge The retailer needed a solution that could: Optimize limited warehouse space. Reduce dependency on manual labor amid workforce shortages. Enhance inventory accuracy and order fulfillment speed. Support seasonal demand fluctuations without disrupting operations. Solution: Adoption of AS/RS Technology The company partnered with SSI Schaefer Group and implemented a crane-based Automated Storage and Retrieval System (AS/RS)—the most widely adopted system type, holding 42.49% of the global market share in 2024. The system included unit-load handling (36.52% market share in 2024) for managing large volumes of pallets efficiently Key features deployed: High-density storage to maximize cubic space utilization. Crane-based retrieval systems for heavy pallet handling. Integration with robotic shuttles to support order picking and buffering. AI-powered warehouse management software to optimize inventory flows. Outcomes Within the first year of adoption: Storage capacity increased by 40% without needing warehouse expansion. Labor costs dropped by 25%, with reduced reliance on manual order picking. Order accuracy improved to 99.5%, minimizing costly errors. Fulfillment time reduced by 35%, enabling same-day shipping for most orders. The system scaled seamlessly to handle seasonal spikes in online shopping, avoiding delays and stockouts Automated Storage and Retrieval System Market Key Regional Analysis: How Big is the Europe Automated Storage and Retrieval System Market? The Europe automated storage and retrieval system market size surpassed USD 3.59 billion in 2024 and is expected to exceed USD 7.34 billion by 2034. The Europe market is representing a solid CAGR of 7.45% from 2025 to 2034. The Full Study is Readily Available | Download the Sample Pages of this Report@ Why did Europe Dominate the Automated Storage and Retrieval System Market? Europe dominated the automated storage and retrieval system market in 2024. The strong manufacturing infrastructure in countries like the UK, Germany, and France increases the adoption of automated storage and retrieval systems. The presence of advanced industrial automation across various industries increases demand for automated storage & retrieval systems. The growing expansion of e-commerce increases demand for AS/RS for order fulfillment and efficient warehousing. The growing adoption of Industry 4.0 and government support for smart infrastructure development increases demand for AS/RS, driving the overall growth of the market. How North America Experiences the Fastest Growth in the Automated Storage and Retrieval System Market? North America is experiencing the fastest growth in the market during the forecast period. The growing expansion of e-commerce increases demand for AS/RS for order fulfillment and warehousing tasks. The growing labor shortages and technological advancements in data analytics, robotics, and AI are increasing the development of the AS/RS systems. The growing investments in smart warehouses and increasing adoption across various industries like logistics, manufacturing, and retail support the overall growth of the market. Automated Storage and Retrieval System Market Segmentation Analysis: Application Analysis The storage segment dominated the automated storage and retrieval system market in 2024. The focus on space optimization in distribution centers and warehouses increases demand for storage. The increasing need to reduce reliance on manual labor increases demand for storage. The focus on improving order fulfilment, monitoring stock levels, and reducing errors increases the adoption of storage systems. The growing demand for storage across sectors like logistics, e-commerce, and manufacturing drives the market growth. The buffering segment is growing at a notable rate in the market. The fluctuations in the e-commerce order volumes increase demand for buffering to prevent delays and shockouts. The increasing demand for maximizing storage density fuels the adoption of buffering. The rise in seasonal spikes in online shopping increases demand for buffering. The growing integration of robotics, artificial intelligence (AI), & internet of things (IoT) with AS/RS and a focus on optimizing warehouse space increases demand for buffering, supporting the overall growth of the market. End Use Analysis The automotive segment is a significant shareholder in the automated storage and retrieval system market in 2024. The need for handling various types of components and parts in automotive manufacturing increases the demand for AS/RS. The focus on maximizing production efficiency and timely delivery of parts increases adoption of AS/Rs. The growing development of automated systems in vehicles increases demand for AS/RS. The rapid growth in electric vehicles and integration of advanced technologies like AI, robotics, and IoT with the automotive industry drives the market growth. The semiconductor and electronics segment is growing at a notable rate in the market. The increasing focus on accuracy in electronics assembly and semiconductor manufacturing increases the adoption of AS/RS. The growing development of complex and smaller electronics components increases demand for AS/RS for optimal performance and to prevent damage. The strong focus on the miniaturization of electronic devices and the increasing need for quick transport & retrieval of electronic components increases adoption of AS/RS, supporting the overall growth of the market. Type Analysis The crane-based segment dominated the automated storage and retrieval system market in 2024. The growing demand for handling large & heavy items on pellets increases the adoption of crane-based systems. The presence of large warehouses and increased storage density increases demand for crane-based systems. The focus on optimizing space utilization and minimizing the need for manual labor increases demand for crane-based systems. The growing demand for crane-based systems in industries like retail, automotive, and manufacturing drives the market growth. Load Analysis The unit load segment dominated the automated storage and retrieval system market in 2024. The increasing need for retrieving & storing large quantities of goods increases demand for unit loads. The focus on space optimization in large warehouses and reducing the need for manual labor increases demand for unit labor. The growing automation in various industries and the focus on improving inventory management in various industries increases demand for unit load, driving the overall growth of the market. ➡️ Related Topics You May Find Useful: ✚ Automated Sample Storage Systems Market: Explore how labs are improving biobanking with automation ✚ Warehouse Automation Market: See how robotics and AI are transforming logistics operations ✚ Automated Data Platform Market: Discover how enterprises are modernizing analytics with automation ✚ Automated Material Handling Equipment Market: Analyze how smart systems are optimizing factory and warehouse workflows ✚ Retrieval Augmented Generation Market: Understand how RAG is reshaping enterprise AI and knowledge management ✚ Software Defined Storage Market: Track how flexibility and scalability are driving data storage adoption ✚ Self Storage Market: Gain insight into shifting urban living patterns fueling storage demand ✚ Retail Automation Market: Explore how retailers are boosting efficiency through AI and robotics ✚ AI Powered Storage Market: Discover how intelligent storage is unlocking performance and cost savings ✚ Warehouse Management System Market: See how digital WMS solutions are streamlining supply chains Key Players in the Automated Storage and Retrieval System Market: TGW Logistics Group GmbH (Austria) Swisslog Holding AG (Switzerland) Daifuku Co. Ltd. (Japan) SSI Schaefer Group (Germany) Murata Machinery (Japan) Knapp AG (Austria) Mecalux SA (Spain) Vanderlande Industries (Netherlands) System Logistics Corporation (Italy) Bastian Solution (US) Beumer Group (Germany) Dematic GmbH & Co. KG (Germany) Kardex Group (Switzerland) Recent Developments: In July 2024, Rapyuta Robotics launched the ASRS solution in the U.S. The solution provides productivity for efficient inventory storage and picking operations. The solution maximizes cost-effectiveness and ensures minimal downtime. (Source: In September 2024, AutoStore launched a multi-temperature automated storage & retrieval system, AutoStore Multi-Temperature Solution. The solution is compatible with multiple temperature zones and developed for chilled & frozen environments. (Source: In February 2025, Exotec launched an all-in-one robot-based AS/RS Skypod system. The system has advanced software features, offers higher performance, and improves storage density. The Skypod system supports integrated buffer, perfect sequencing, and pick & pack operations. (Source: Automated Storage and Retrieval System Market Segments Covered in the Report By Application Storage Order Picking Kitting Buffering Others By End Use Automotive Semiconductor and Electronics General Manufacturing Retail and Warehousing or Logistics Aviation, Chemicals Rubber and Plastics Healthcare Food and Beverage Postal and Parcel By Type Vertical Lift Modules Carousels Crane-Based Vertical Buffer Modules Robotic Shuttles Floor Robots By Load Unit Load Mid Load VLM Carousel Mini Load By Region North America U.S. Canada Europe Germany UK France Italy Spain Sweden Denmark Norway Asia Pacific China Japan India South Korea Thailand Latin America Brazil Mexico Argentina Middle East & Africa South Africa UAE Saudi Arabia Kuwait Thank you for reading. You can also get individual chapter-wise sections or region-wise report versions, such as Immediate Delivery Available | Buy This Premium Research Report@ You can place an order or ask any questions, please feel free to contact us at sales@ | +1 804 441 9344 Stay Ahead with Precedence Research Subscriptions Unlock exclusive access to powerful market intelligence, real-time data, and forward-looking insights, tailored to your business. From trend tracking to competitive analysis, our subscription plans keep you informed, agile, and ahead of the curve. Browse Our Subscription Plans@ About Us Precedence Research is a worldwide market research and consulting organization. We give an unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally. Web: Our Trusted Data Partners: Towards Healthcare | Towards Packaging | Towards Automotive | Towards Chem and Materials | Towards FnB | Towards Consumer Goods | Statifacts | Towards EV Solutions | Towards Dental | Nova One Advisor | Market Stats Insight Get Recent News: For the Latest Update Follow Us: LinkedIn | Medium | Facebook | Twitter ✚ Explore More Market Intelligence from Precedence Research: ➢ Lane Keep Assist System Market: Explore how ADAS technologies are enhancing road safety ➢ Electric Vehicle Battery Market: Analyze how battery innovation is powering the EV revolution ➢ Hybrid Vehicle Market: See why hybrid models are bridging the gap to full electrification ➢ Hybrid Electric Vehicle Market: Discover how HEVs are meeting efficiency and emission targets ➢ Smart Electric Drive Market: Track how smart drives are optimizing EV performance ➢ Mobility as a Service Market: Understand how digital platforms are redefining urban commuting ➢ Electric Car Market: Explore how automakers are competing in the booming EV space ➢ Hyperloop Train Market: Gain insight into futuristic transport systems reshaping connectivity ➢ Connected Cars Market: See how IoT and telematics are transforming in-vehicle experiences ➢ Passenger Vehicles Market: Analyze how consumer demand is shaping the global auto sector ➢ Luxury Electric Vehicles Market: Discover how premium EVs are merging performance with sustainability ➢ Maritime Transport Market: Understand how global trade is steering shipping and logistics growth ➢ Amphibious Vehicle Market: Explore how dual-use vehicles are expanding defense and commercial uses ➢ Green Tires Market: Track how eco-friendly innovations are reshaping tire manufacturing ➢ Vehicle Control Unit Market: See how advanced ECUs are enabling smarter automotive systems ➢ Adventure Motorcycle Market: Discover how off-road touring is driving demand for adventure bikes ➢ Robotaxi Market: Analyze how autonomous taxis are shaping the future of ride-hailing ➢ Expedition Truck Market: Gain insight into niche demand for long-haul and rugged vehicles ➢ Luxury Car Market: Explore how premium brands are adapting to shifting consumer preferences ➢ Automotive Bushing Market: Understand how durable components are driving smoother vehicle performance ➢ Pneumatic Tire Market: See how innovation in tire design is boosting safety and efficiency ➢ Automotive Timing Belt Market: Analyze how replacement cycles are sustaining aftermarket demand ➢ Automotive Control Cable Market: Discover how cables remain critical to vehicle control and safetyError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
