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Canada Says Most Tariffs on US Remain, Pushing Back on Oxford Report

Canada Says Most Tariffs on US Remain, Pushing Back on Oxford Report

Bloomberg18-05-2025

Canada's finance minister said the government kept 25% retaliatory tariffs on tens of billions of dollars in US goods, disputing a report from a research firm that suggested it had paused the vast majority of those levies.
Francois-Philippe Champagne said 70% of the counter-tariffs implemented by Canada in March are still in place, according to a social media post Saturday. The government 'temporarily and publicly paused tariffs' on some items for health and public safety reasons, he said.

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Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'
Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'

Yahoo

time11 minutes ago

  • Yahoo

Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'

"Look up, your ride has arrived," is a message some see as eventually landing in your inbox. 'In our view, the low altitude economy (LAE) may eventually vastly exceed the size of today's automotive market,' wrote Morgan Stanley analyst Adam Jonas in a research note earlier this week. That term refers to aerial commercial activities conducted within one mile of the earth's surface, airspace now sparsely occupied by helicopters and small drones. Analysts expect advancements in artificial intelligence and robotics to support the launch of new aircraft—notably, electric vertical take-off and landing (eVTOL) vehicles—with applications in areas like logistics/distribution, public security and emergency services, tourism, urban commuting, and intercity transportation. Morgan Stanley forecasts the total addressable 'Urban Air Mobility' (UAM) market will be valued at $1 trillion by 2040 and $9 trillion by 2050. Not everybody's expectations are quite that high: Bank of America recently estimated a market worth $23 billion by 2035. BofA expects adoption to remain relatively slow until at least that year, when it anticipates economies of scale and battery technologies to improve eVTOL cost and accessibility. Whatever the size of the pie, the companies vying for a slice of it include upstarts like Archer Aviation (ACHR), which is currently testing an eVTOL model and partnering with defense contractor Anduril to develop military applications, and Joby Aviation (JOBY), which is in the process of getting its air taxi certified for passenger rides. Morgan Stanley's Jonas thinks those companies could face formidable competition from Tesla (TSLA). The EV maker hasn't announced any intention to develop eVTOLs, but CEO Elon Musk has discussed the need for a homegrown low-altitude economy in the U.S. When Jonas, on Tesla's most recent earnings call, asked Musk for his thoughts on the U.S. and China's AI and robotics rivalry, Musk expressed concern about America's limited drone manufacturing capabilities. 'Any country that cannot manufacture its own drones is doomed to be the vassal state of any country that can,' he said, quoting X user "@naval." 'And we can't. America cannot currently manufacture its own drones.' Tesla, Jonas says, 'has a host of relevant skills to be a factor' in the commercial and military LAE, including its work in manufacturing, autonomy, electric motors and batteries, and robotics. Jonas estimates Tesla's share of a future $9 trillion UAM market could add between $100 and $1,000 to its share price. Tesla's work on autonomous vehicles could give it a leg up on LAE competitors. "Any advancement in the science of autonomous cars accelerates the advancement of autonomous aerial drones," Jonas wrote. Tesla is expected to launch its first robotaxi operation in Austin, Texas, later this month. Read the original article on Investopedia 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

Trump's winning at the Supreme Court. Justice Jackson warns about `troubling message'
Trump's winning at the Supreme Court. Justice Jackson warns about `troubling message'

USA Today

time11 minutes ago

  • USA Today

Trump's winning at the Supreme Court. Justice Jackson warns about `troubling message'

Trump's winning at the Supreme Court. Justice Jackson warns about `troubling message' Jackson, one of the court's most liberal justices, wrote that her colleagues may be unintentionally showing preferential treatment for the Trump administration. Show Caption Hide Caption Ketanji Brown Jackson lights up stage at Broadway musical "& Juliet" Supreme Court Justice Ketanji Brown Jackson treated "& Juliet" fans to a special performance for one night only! WASHINGTON – President Donald Trump is on a winning streak of getting quick assistance from the Supreme Court after lower courts have put the brakes on his policies. That's prompted one of the three liberal justices to write that the court is sending a 'troubling message" that it's departing from basic legal standards for the administration. 'It is particularly startling to think that grants of relief in these circumstances might be (unintentionally) conveying not only preferential treatment for the Government but also a willingness to undercut both our lower court colleagues' well-reasoned interim judgments and the well-established constraints of law that they are in the process of enforcing,' Justice Ketanji Brown Jackson wrote. Jackson was dissenting from the conservative majority's decision to give Elon Musk's Department of Government Efficiency complete access to the data of millions of Americans kept by the U.S. Social Security Administration. Once again, she wrote in a dissent joined by Justice Sonia Sotomayor, "this Court dons its emergency responder gear, rushes to the scene, and uses its equitable power to fan the flames rather than extinguish them." A district judge had blocked DOGE's access to 'personally identifiable information' while assessing if that access is legal. Jackson said a majority of the court didn't require the administration to show it would be 'irreparably harmed' by not getting immediate access, one of the legal standards for intervention. "It says, in essence, that although other stay applicants must point to more than the annoyance of compliance with lower court orders they don't like," she wrote, "the Government can approach the courtroom bar with nothing more than that and obtain relief from this Court nevertheless." A clock, a mural, a petition: Justice Ketanji Brown Jackson's chambers tell her story In a brief and unsigned decision, the majority said it weighed the 'irreparable harm' factor along with the other required considerations of what's in the public interest and whether the courts are likely to ultimately decide that DOGE can get at the data. But the majority did not explain how they did so. Jackson said the court `plainly botched' its evaluation of a Trump appeal Jackson raised a similar complaint when the court on May 30 said the administration can revoke the temporary legal status of hundreds of thousands of Cubans, Haitians, Nicaraguans and Venezuelans living in the United States. Jackson wrote that the court "plainly botched" its assessment of whether the government or the approximately 530,000 migrants would suffer the greater harm if their legal status ends while the administration's mass termination of that status is being litigated. Jackson said the majority undervalued "the devastating consequences of allowing the Government to precipitously upend the lives and livelihoods of nearly half a million noncitizens while their legal claims are pending." The majority did not offer an explanation for its decision. More Supreme Court wins for Trump In addition to those interventions, the Supreme Court recently blocked a judge's order requiring DOGE to disclose information about its operations, declined to reinstate independent agency board members fired by Trump, allowed Trump to strip legal protections from 350,000 Venezuelans and said the president can enforce his ban on transgender people serving in the military. Jackson disagreed with all of those decisions. The court's two other liberal justices – Sotomayor and Elena Kagan – disagreed with most of them. More: Justice Ketanji Brown Jackson can throw a punch. Literally. The court did hand Trump a setback in May when it barred the administration from quickly resuming deportations of Venezuelans under a 1798 wartime law. Two of the court's six conservative justices – Clarence Thomas and Samuel Alito – dissented. Decisions are expected in the coming weeks on other Trump emergency requests, including whether the president can dismantle the Education Department and can enforce his changes to birthright citizenship.

Advice emerges as a key aspect of bank customers' experience
Advice emerges as a key aspect of bank customers' experience

Yahoo

time16 minutes ago

  • Yahoo

Advice emerges as a key aspect of bank customers' experience

This story was originally published on CX Dive. To receive daily news and insights, subscribe to our free daily CX Dive newsletter. More consumers are looking to their banks for advice as their overall financial health deteriorates, according to a J.D. Power report released Thursday. More than one-quarter of bank customers are 'very interested' in bank advice or guidance. That number is particularly pronounced among younger generations. More than one-third of customers under the age of 40 are currently seeking advice. Customers are most interested in short-term solutions, according to Jennifer White, senior director for banking and payments intelligence at J.D. Power. 'We see a shift in consumer thirst for content that is around short-term solutions, things like, 'Ways to help pay my bills on time?'' As consumers become more anxious about the economy, they're looking to their financial institutions for guidance, creating an opportunity for banks to build lasting relationships. Providing financial advice drives trust and in turn satisfaction, according White. 'There's many factors that influence satisfaction, but the factor that has the highest weight in driving customer satisfaction is the level of trust that a customer has in their financial institution,' she told CX Dive. Trust is driven by several key factors, including a bank's ability to resolve a customer's problem, a customer's confidence they have the account right for their situation, and a bank providing a customer support and guidance during a challenging time. Customers' thirst for short-term solutions reflect that increase in vulnerable customers, White said. More than 2 in 5 bank customers are considered financially vulnerable, meaning they have trouble paying their bills on time, are unable to cover living expenses for a minimum of six months and are seeing their credit deteriorate. The best banks don't treat guidance as an afterthought and make it available beyond branch locations, according to J.D. Power. Customers are most satisfied with retail banking advice from Bank of America, followed by U.S. Bank and Chase. 'Most of the institutions that are at the top of the list have embedded advice or guidance throughout their ecosystem,' White said. 'They're combining in-person experiences with digital engagement.' Perhaps that's offering a personal financial management tool or even a banner interruption that educates customers on scams, White said. But even if customers don't follow bank advice, the act of offering it grows customer satisfaction. 'No advice results in the lowest overall customer satisfaction,' White said. 'Advice that isn't acted on is still higher than that, but advice that is acted on is the highest.' Recommended Reading Lyft boosts bottom line with premium rides, economy options 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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