Latest news with #MackTrucks
Yahoo
20-05-2025
- Business
- Yahoo
Trump's Tariffs Liberate More Manufacturing Workers from Their Jobs
President Donald Trump's 'Liberation Day' tariffs and their ensuing market chaos are about to cause hundreds more U.S. manufacturing workers to lose their jobs. Volvo Group North America confirmed it will soon fire between 550 and 800 workers at its Mack Trucks site in Macungie, Pennsylvania, and at Volvo Group facilities in Dublin, Virginia, and Hagerstown, Maryland. 'Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs,' said a spokesperson for Volvo Group North America to Reuters. 'We regret having to take this action, but we need to align production with reduced demand for our vehicles.' Josh Siegel, a Democratic state lawmaker in Pennsylvania, told ABC27 that Trump's tariffs have been a 'devastating blow to Lehigh Valley workers.' That is where Mack Trucks remains one of the region's largest employers, but will soon hand out pink slips to 350 of its employees there. 'Workers are not just numbers—they are parents, neighbors, veterans, and skilled tradespeople who built America's backbone,' Siegel said. The White House has been inconsistent in explaining the goal of its tariffs, which have been imposed, lowered, paused, or outright rescinded at a dizzying pace since Trump rolled them out on April 2. The tariffs had steeper rates on countries with which the U.S. has a trade deficit, like China, Vietnam, and others in the developing world. Trump claimed the higher duties would force companies to bring manufacturing jobs back stateside to save on costs. The tariffs have had an inverse effect so far, harming the livelihoods of hundreds of blue-collar workers, whom Trump claims he wants to help the most. Stellantis NV announced on 'Liberation Day' itself that it was laying off 900 workers in the U.S. after Trump's tariffs announcement. Others followed suit shortly after, primarily driven by market volatility. The S&P 500 was down eight percent on Tuesday compared to a month ago, which was a week-and-a-half before 'Liberation Day.' The Dow Jones Industrial Average was down the same amount in that span. A Goldman Sachs report published last week estimates Trump's tariffs will bring 100,000 new manufacturing jobs to the U.S. thanks to shifting supply chains. That is precisely the sort of figures Trump has been hoping to hear, but the White House has not touted the report. That is likely because Goldman Sachs also warns that an estimated 500,000 other American jobs will be destroyed in the process. Such job losses would be about double the amount Trump's first-term tariffs erased from the U.S. job market, according to a 2021 study commissioned by the U.S.-China Business Council. The New York Federal Reserve is among those bearish on MAGA 2.0's economics. 'Firms expect conditions to worsen in the months ahead,' it said in its April survey of manufacturers, adding that those businesses showed 'a level of pessimism that has only occurred a handful of times in the history of the survey.' Ryan Petersen, CEO of the global logistics firm Flexport, said he fears tariffs will cause small businesses across the U.S. to collapse. 'Thousands, and then millions, of American small businesses, including many iconic brands, will go bankrupt this year if the tariff policies on China don't change,' he wrote on X.
Extra.ie
17-05-2025
- Entertainment
- Extra.ie
Eve Hewson supports dad Bono from afar amid Cannes premiere
Eve Hewson skipped out walking the red carpet at Cannes last night to take in a basketball game in New York. Eve, who has been making waves in the movie world herself, didn't attend the premiere of her father Bono's film, which had its world premiere at the French Film Festival. Instead, she was seen enjoying a sporting occasion as she pitched up at Madison Square Garden to watch the Knicks shoot some hoops in an NBA match. Pic: Tristan Fewings / Stringer/Getty Images Eve has been living in New York for many years now, where she is making a name for herself in the acting world. While she was unable to attend the premiere with her dad Bono, mother Ali, sister Jordan and brother Elijah, she was keeping a close eye on the red carpet from afar. Taking to social media, Eve posted a heart-warming short clip to her family at Cannes. In the clip, the Hewson matriarch Ali can be seen tenderly stroking Bono's back from behind in a gesture of support and love just at the moment the family prepared to walk the star-studded red carpet. Pic: Instagram/Eve Hewson Frontman Bono, who is more accustomed to performing with his U2 bandmates, did a solo run at Cannes to debut his new Apple TV+ documentary Bono: Stories of Surrender. 'You come from 250 Mack Trucks to a table and chairs. But that's the attraction of it or me,' Bono told Reuters ahead of the documentary's premiere at the Cannes Film Festival on Friday evening. But while Eve was in New York, her heart was in Cannes as she posted images of her close-knit family supporting their world-famous dad. Taking to Instagram, Eve posted a close-up image of her sister Jordan commenting on her makeup and the style that Jordan wore to the glittering gala. Eve's next project could be her biggest yet as she is slated to star alongside Hollywood starlet Emily Blunt in a movie directed by Oscar-winning legend Steven Spielberg.
RTÉ News
16-05-2025
- Entertainment
- RTÉ News
Bono debuts documentary at Cannes, criticises US aid cuts
For Bono, the U2 frontman used to performing at sold-out arenas, being without his bandmates on a sparsely decorated stage for his one-man show, now the subject of the new Apple TV+ documentary Bono: Stories of Surrender, feels unfamiliar. "You come from 250 Mack Trucks to a table and chairs. But that's the attraction of it for me," Bono told Reuters ahead of the documentary's premiere at the Cannes Film Festival on Friday evening. He was joined on the red carpet by his wife Ali and their children Jordan and Elijah. The Andrew Dominik-directed black-and-white film is based on Bono's memoir, Surrender: 40 Songs, One Story, and accompanying tour, where the singer reflects on fatherhood, religion, death, politics, and his band's decades of performing. Among the guests at the premiere were members of Ukraine's armed forces, Bono's U2 bandmate The Edge, the actors Sean Penn and Kristen Stewart, and the human rights lawyer Amal Clooney. The Apple TV+ documentary, which can be streamed from 30 May, is the first feature-length film that can be watched in Apple Immersive Video with the company's Vision Pro wearable headset device. "It's a story about fathers. It's my relationship with my actual father. It's my life as a father," Bono said. "And then it's this relationship with my Father in Heaven, whatever you want to call that force of love and logic behind the Universe." Bono, who has long campaigned for debt relief, aid, and better trade for Africa, said that he thought of his father's voice when he looked back at the 1985 Live Aid charity concert for Ethiopian famine relief that was also pivotal to launching U2 into superstar territory. "My father would say, 'If the world was just, you wouldn't need charity'. So we had to push through Live Aid," said the singer about the event organised by Bob Geldof and Midge Ure that raised hundreds of millions. Bono said that US President Donald Trump and Elon Musk, the world's richest man, are squandering the potential of millions of people by making huge cuts to US foreign aid spending, "with glee, it would appear". He added that it was an unwise policy - as well as "the definition of the absence of love".
GMA Network
16-05-2025
- Entertainment
- GMA Network
Bono debuts AppleTV+ documentary at Cannes, criticizes US aid cuts
CANNES, France —For Bono, the U2 frontman used to performing at sold-out arenas, being without his bandmates on a sparsely decorated stage for his one-man show, now subject of the new AppleTV+ documentary "Bono: Stories of Surrender," feels unfamiliar. "You come from 250 Mack Trucks to a table and chairs. But that's the attraction of it for me," Bono told Reuters ahead of the documentary's premiere at the Cannes Film Festival on Friday. The black-and-white film is based on Bono's memoir, "Surrender: 40 Songs, One Story" and accompanying tour, where the Irish rock star reflects on fatherhood, religion, death, politics and his band's some five decades of performing. The documentary, which can be streamed from May 30, is the first feature-length film that can be watched in Apple Immersive Video with the company's Vision Pro wearable headset device. "It's a story about fathers. It's my relationship with my actual father. It's my life as a father," he said. "And then it's this relationship with my Father in heaven, whatever you want to call that force of love and logic behind the universe." AID WORK Bono, who has long campaigned for debt relief, aid and better trade for Africa, said that he thought of his father's voice when he looked back at the 1985 Live Aid charity concert for Ethiopian famine relief that was also pivotal to launching U2 into superstar territory. "My father would say, 'If the world was just, you wouldn't need charity.' So we had to push through Live Aid," said the singer about the event organised by rockers Bob Geldof and Midge Ure that raised hundreds of millions of dollars. Bono said that U.S. President Donald Trump and Elon Musk, the world's richest man, are squandering the potential of millions of people by making huge cuts to U.S. foreign aid spending, "with glee it would appear". It was unwise policy as well as "the definition of the absence of love," added the singer.
Yahoo
16-05-2025
- Entertainment
- Yahoo
Bono debuts AppleTV+ documentary at Cannes, criticizes US aid cuts
By Mike Davidson CANNES, France (Reuters) -For Bono, the U2 frontman used to performing at sold-out arenas, being without his bandmates on a sparsely decorated stage for his one-man show, now subject of the new AppleTV+ documentary "Bono: Stories of Surrender," feels unfamiliar. "You come from 250 Mack Trucks to a table and chairs. But that's the attraction of it for me," Bono told Reuters ahead of the documentary's premiere at the Cannes Film Festival on Friday. The black-and-white film is based on Bono's memoir, "Surrender: 40 Songs, One Story" and accompanying tour, where the Irish rock star reflects on fatherhood, religion, death, politics and his band's some five decades of performing. The documentary, which can be streamed from May 30, is the first feature-length film that can be watched in Apple Immersive Video with the company's Vision Pro wearable headset device. "It's a story about fathers. It's my relationship with my actual father. It's my life as a father," he said. "And then it's this relationship with my Father in heaven, whatever you want to call that force of love and logic behind the universe." AID WORK Bono, who has long campaigned for debt relief, aid and better trade for Africa, said that he thought of his father's voice when he looked back at the 1985 Live Aid charity concert for Ethiopian famine relief that was also pivotal to launching U2 into superstar territory. "My father would say, 'If the world was just, you wouldn't need charity.' So we had to push through Live Aid," said the singer about the event organised by rockers Bob Geldof and Midge Ure that raised hundreds of millions of dollars. Bono said that U.S. President Donald Trump and Elon Musk, the world's richest man, are squandering the potential of millions of people by making huge cuts to U.S. foreign aid spending, "with glee it would appear". It was unwise policy as well as "the definition of the absence of love," added the singer.
