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Making it successful requires you to "multiply that by infinity," says billionaire Raising Cane's co-founder and CEO Todd Graves. Nearly three decades later, Raising Cane's has more than 800 locations worldwide and could finish this year with nearly $5 billion in sales, a spokesperson says. "I can't tell you how many 15, 16-hour days I've worked in a row," Graves, 52, tells CNBC Make It. DON'T MISS: The ultimate guide to negotiating a higher salaryAt times, Graves worked so much that his wife would bring their two kids to his office for dinner and playtime — after which he'd go back to work, he says. As such, he's still busy — but he's configured his workload to make time for family and friends anyway, he says.

Persons: Cane's, Todd Graves, Graves, I've, playtime, he'd, he's, I'm Organizations: Baton, CNBC, Forbes Locations: California, Alaska, Baton Rouge , Louisiana, Cane's

☆ From nuclear to quantum computing, how Big Tech intends to power AI's insatiable thirst for energy
▼ + stars: | 2024-11-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

data center, in Navi Mumbai, India, on Thursday, Mar. Some of the options on the table include a pivot to nuclear, liquid cooling for data centers and quantum computing. A server room at a data center in India. Alongside nuclear energy and liquid cooling technology, some tech players have suggested developments within AI could help to decarbonize data centers. Aerial view of a data center owned by the US multinational and technology company Google in Santiago on October 9, 2024.

Persons: Somya Joshi, Frisio, Dhiraj Singh, Raj Hazra, Peter Herweck, Eric Schmidt, SEI's Joshi, Joshi, Hazra, Rodrigo Arangua Organizations: Yotta Data Services, Bloomberg, Getty, Big Tech, Stockholm Environment Institute, SEI, CNBC, International Energy Agency, Swiss, ABB, Microsoft, Google, Schneider Electric, Motivair Corp, Quantinuum, Afp, Honeywell Locations: Navi Mumbai, India, Mar, Stockholm, U.S, Santiago, South America, Quantinuum

☆ Singapore Airlines will add first class, revamp cabins for longest flights
▼ + stars: | 2024-11-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Singapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract high-spending travelers to flights that can top 17 hours. The carrier will add the new seats to seven Airbus A350-900 URLs, or ultra-long-range aircraft that it uses for lengthy trips, including its longest, between New York and Singapore. Singapore said the new first- and business-class seats will have new in-flight entertainment but the carrier didn't disclose many details about the new cabins. Airlines have been investing billions of dollars to revamp their premium cabins to chase travelers willing to shell out for more space on board. They range from international airlines Singapore Airlines to smaller carriers like JetBlue Airways , whose long-range twin-aisle jets used for trips across the Atlantic feature suites with sliding doors.

Persons: Goh Choon Phong Organizations: Singapore Airlines, Airbus, Airlines, JetBlue Airways Locations: New York, Singapore

☆ I almost died during childbirth due to an allergic reaction. I don't remember my son being born.
▼ + stars: | 2024-11-04 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

AdvertisementThis as-told-to essay is based on a conversation with Kayleigh Summers, founder of The Birth Trauma Mama. I don't remember anything about giving birth to my son, Callahan. Callahan was quickly resuscitated, but my heart stopped againWhile doctors were delivering Callahan, another team was working on me. Many, many people who have an amniotic fluid embolism don't survive, and I was just so happy to be alive. Not all trauma looks like mine, but all birth trauma can have an impact on parenting.

Persons: Kayleigh Summers, —, Callahan, Doctors, Kayleigh, I'd, I'm Organizations: Service

☆ The Fed wants to show it is on top of the markets and will deliver 2 more rate cuts in 2025: Nomura
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed wants to show it is on top of the markets and will deliver 2 more rate cuts in 2025: NomuraGareth Nicholson of Nomura says that the the U.S. Fed cutting interest rates by 25 bps in the November and December 2024 meetings is a stable decision, and also signals that the Fed is "100% independent" and in control regardless of the results of the Presidential elections.

Persons: Nomura Gareth Nicholson, Nomura Organizations: U.S, Fed

☆ Treasury yields fall as investors brace for U.S. presidential election
▼ + stars: | 2024-11-04 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

The yield on 10-year Treasury was last down by over six basis points, hovering around the 4.3% mark. The yield on the 2-year Treasury was last down by more than three basis points to 4.1661%. U.S. Treasury yields were lower on Monday as investors braced for a busy week which will see voters head to the polls for the U.S. presidential election and the Federal Reserve's next interest rate decision. Investors are also focused on the Fed's interest rate decision at the central bank's policy meeting on Thursday. Traders are were last pricing in a 99% chance of a quarter-point interest rate cut, according to CME Group's FedWatch tool.

Persons: Kamala Harris, Donald Trump, Jerome Powell Organizations: Treasury, U.S, Federal, U.S . House, NBC, PMI

☆ Watch Monday's full episode of Mad Money with Jim Cramer — November 4, 2024
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Monday's full episode of Mad Money with Jim Cramer — November 4, 2024"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.

Persons: Jim Cramer —, Jim Cramer

☆ India bus crash: At least 36 dead after overcrowded bus skids into deep gorge
▼ + stars: | 2024-11-04 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

Lucknow, India AP —A poorly maintained and overcrowded bus veered off the road and plunged into a deep gorge in northern India on Monday, killing at least 36 people and injuring several others, officials said. The bus was carrying around 60 people, and more than 20 have been injured, said Deepak Rawat, a senior state government official. He added that preliminary information suggested that the dilapidated bus skidded before tumbling down a 60 meter- (200-foot-) -deep gorge. In July, at least 18 people died after a double-decker passenger bus collided with a milk truck in Uttar Pradesh state. In May, a bus carrying Hindu pilgrims skidded and rolled into a deep gorge on a mountainous highway in Indian-controlled Kashmir, killing at least 21 people.

Persons: Deepak Rawat, Pushkar Singh, Vineet Pal, Pal Organizations: India AP, Authorities Locations: Lucknow, India, Almora district, Uttarakhand, Uttar Pradesh, Kashmir

☆ Warren Buffett's Berkshire Hathaway hoarded cash, sold stocks, and halted buybacks ahead of the election
▼ + stars: | 2024-11-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett signaled in Berkshire Hathaway's third-quarter earnings that he was being cautious. The investor built a record cash pile, slashed his two biggest stock bets, and halted buybacks. The legendary investor and his team sold $36 billion of shares and only made purchases worth $1.5 billion, marking their eighth straight quarter as net sellers. Related storiesNotably, Berkshire pared its bets on Apple and Bank of America, its two largest stock positions going into the quarter. Buffett has said that buybacks only make financial sense when a stock is trading at a discount to its intrinsic value.

Persons: Warren Buffett, —, Donald Trump, Kamala Harris, he's, Trump, aren't, Bershire, Buffett, Russ Mould, AJ, Mould Organizations: Berkshire Hathaway's, Service, Treasury, Apple, Bank of America Locations: Berkshire, payables

☆ Trump describes US as an occupied country in dark closing message focused on immigration
▼ + stars: | 2024-11-04 | by ( Eric Bradner | Kate Sullivan | ) edition.cnn.com time to read: +4 min

That’s all it is,” Trump said, as he vowed to launch a massive deportation effort. Trump was closing his third presidential campaign Monday with the same anti-immigration rhetoric that he used to launch his first White House bid. “Four years of Kamala have delivered nothing but economic hell for the American workers,” Trump said. It was a long discussion that is contrary to previous messaging from Trump and his campaign, which has encouraged people to vote early. One way, there’s only one way.”He added, “We have to win the old fashioned way and then fix it.

Persons: Donald Trump, ”, Kamala Harris, Trump, ” Trump, Megyn Kelly, Kelly, Kamala, “, They’ll, Roberto Clemente, Harris, Joe Biden Organizations: CNN, Trump, Republican, Pittsburgh Pirates, Sun Locations: United States, Pennsylvania, Colorado, Springfield , Ohio, Mexico, China, Pittsburgh, North Carolina, Michigan, Puerto Rican, Keystone, Michigan , Pennsylvania, Wisconsin, Arizona, Georgia, Nevada

☆ I can get my fill of Spanish architecture, culture, and cuisine without leaving Florida
▼ + stars: | 2024-11-04 | by ( Megan Dubois | ) www.businessinsider.com time to read: +5 min

Instead, I visited St. Augustine, Florida, for a taste of Spain in the United States. I loved seeing beautiful architecture and tasting Spanish cuisine without leaving my home state. Luckily, I live near St. Augustine, Florida — the oldest city in the US. The Spanish influence is visible all over the city's architectureMore showcases of Spanish architecture can be found around the city. The Flordia chain has been around since 1905, and there's a St. Augustine location on St. George Street in the Historic District.

Persons: —, I've, Megan duBois I've, Augustine, I'd, Megan duBois, Ponce de Leon Hall, Leon Hall, Ponce de Leon, George Street, Castillo, San, San Marcos — Organizations: Service, Villa Zorayda, Villa Zorayda Museum, Ponce de, Leon, Ponce, Lightner, Museum, Spanish, Columbia, Historic District, San Marcos Locations: Europe, Augustine , Florida, Spain, United States, Barcelona, St, Jacksonville, Granada, Moroccan, Ponce, Flagler, Ponce de, Spanish, Penedès, San Marcos

☆ More wealthy travelers are going on luxury safaris — some for more than $2,500 a day
▼ + stars: | 2024-11-04 | by ( Brittany Chang | ) www.businessinsider.com time to read: +7 min

Some luxury travel agencies and tour operators say they've seen an uptick in travelers booking luxury safaris. She's not alone — as of late, a growing number of travelers have been itching to go on a luxurious African safari, too. Micato SafarisLuxury tour operator Abercrombie and Kent's African safaris have always been among its best-selling vacations, the company told BI in an email. AdvertisementSome luxury travel agencies are noticing it, tooLuxury travel agency Indagare told BI in an email that safari bookings are "trending upward. AdvertisementWith such prices, some travelers might consider luxury safaris a once-in-a-lifetime experience.

Persons: —, Sophie Serrano, Serrano, " Serrano, She's, Abercrombie, buffalos —, Dennis Pinto, Safaris, Micato, Pinto, Richard Waite, Oprah, Ellen DeGeneres, — Singita, Singita, Melissa Krueger, Indagare, Scott Dunn, Julie Durso, Jackie Roth, Sophie Serrano Misty Belles, Take Serrano, Isabella John Organizations: Service, Micato's, Scott Dunn Private, Nomad, Kruger Locations: Zanzibar, Africa, Kenya, Tanzania, Rwanda, Tanzania's, Botswana, South, Umlani's

☆ Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo
▼ + stars: | 2024-11-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Key ports on Canada's West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Montreal processes 40% of all East Coast container traffic. Approximately $572 million in container trade arrives daily in the U.S. from Canada, according to U.S. Census data. A temporary loss of the Canadian West Coast trade gateway could push carriers to discharge import cargo along the already strained U.S. West Coast, said Alan Baer, CEO of OL USA, further increasing the dwell time of containers and elongating overall transits.

Persons: of Prince Rupert, Vancouver and Prince Rupert, Prince Rupert, Eric Byer, Paul Brashier, Alan Baer, Steve Lamar, Frank Morena, Steven MacKinnon Organizations: Greater, Greater Vancouver Board of Trade, Local, Port, Canadian Union of Public Employees, U.S . Department of Transportation, Alliance for Chemical, Canadian Pacific Kansas City, Canadian National Railway, Logistics, International, Warehouse Union of Canada, ITS Logistics, East, Canadian West, USA, U.S ., American Apparel and Footwear Association, British Columbia Maritime Employers Association, Federal Mediation, Conciliation Services, Canada, ILWU, U.S, Canadian Labor Locations: West Coast, Vancouver, of, Foreman, Greater Vancouver, U.S, Port of Montreal, Montreal, United States, of Vancouver, Canada, Canadian West Coast, Port, Midwest, Asia, U.S . West Coast, Los Angeles, Long Beach , California, British Columbia, American, British, East Coast

CNN —More severe weather is expected in the South and the Southern Plains Monday, including in Oklahoma, where residents are surveying the destruction from tornado-spawning storms that injured at least 11 people and leveled homes over the weekend. Tornado sirens rang out Monday morning in Oklahoma City, where residents are still surrounded by the destruction and debris caused by the weekend’s severe storms, after the National Weather Service issued a tornado warning. There were no confirmed tornadoes or reports of damage from Monday morning’s storms. A level 2 of 5 threat of severe thunderstorms spans from central and eastern Texas to the Illinois-Missouri border – including Dallas, threatening damaging wind gusts, large hail and tornadoes, according to the SPC. Nearly 40 structures were destroyed in the Oklahoma City area, the Oklahoma City Fire Department said in a Facebook post.

Persons: OCFD, Katie Anderson, ” Anderson, ” Thomas Shaver, KOKH, Shaver, –, we’re, ”, Kevin Stitt, Stitt, “ We’ll, PowerOutage.US Organizations: CNN, Plains, National Weather Service, Oklahoma, SPC, Tornadoes, Oklahoma City Fire Department, KOKH, Oklahoma City, Oklahoma Gov, Harrah Locations: Oklahoma, Oklahoma City, Texas, Arkansas, Missouri, Illinois, Dallas, Gulf of Mexico, Kansas, “, Cleveland

☆ How Is Climate Change Affecting Teenagers?
▼ + stars: | 2024-11-04 | by ( Charley Locke | ) www.nytimes.com time to read: +14 min

Currie is still grappling with what she lost, including her ability to turn away from climate change. Ajayi believes that once people connect the dots on the effects of climate change, they’ll start to take action. Photographs by Tatsiana Chypsanava When Sara Saumanaia thinks about climate change, she thinks about both of her homes. The area is especially vulnerable to the effects of climate change; after a heavy rain, the streets around Saumanaia’s home regularly flood. Once, during a lesson on climate change, Saumanaia’s science teacher asked if anyone in the class was from Tuvalu.

Persons: Hurricane Milton, Michael Miranda’s, Meridith Kohut, Lucy Currie, Grant Harder, Currie, ” Currie, ’, “, doesn’t, ”, “ I’ve, Obama Mchembe, Tanzania Obama Mchembe, Anna Boyiazis Obama Mchembe, ‘, ’ Mchembe, ” Mchembe, Ayesha Ali, Bangladesh Ayesha Ali, Fabeha Monir, Ali, it’s, ” Ali, — Ali, Daniela Bazán, Peru Daniela Bazán, Florence Goupil Daniela Bazán, ’ ’, ’ Bazán, Ireoluwa Ajayi, Yagazie Emezi, Ireoluwa, Ajayi, Athanasios Kosteas, Enri Canaj, Kosteas, Thanasis, Sara Saumanaia, Tuvalu Sara Saumanaia, Tatsiana Chypsanava, ” Saumanaia, there’s, They’re Organizations: dala dala, Unicef, Pacific, oohed Locations: Hurricane, Fla, Jasper, Alberta, Jasper , Alberta, Canada, Toangoma, Tanzania, cassia, Dhaka, Bangladesh, Huaraz, Peru, Peruvian, Ota, Nigeria, Yagazie Emezi Ota, Lagos, Lagos State, Kalamata, Greece, Christchurch , New Zealand, Tuvalu, Christchurch’s, New Zealand, Christchurch, Maori, Saumanaia, Funafuti

☆ Meta's Threads has 275 million users. It sure doesn't feel that way.
▼ + stars: | 2024-11-04 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Snapchat says it averages 850 million monthly users. Meanwhile, Twitter's current owner, Elon Musk, says his service has 600 million monthly users. Back in April, Meta said Threads had 150 million monthly users. Some of them click on Threads posts they see there, and become Threads users that way. Threads doesn't seem like it's ever going to be that, and Meta doesn't seem very interested in trying to make that.

Persons: —, Mark Zuckerberg, Snapchat, Twitter, Elon Musk, Meta, It's, You'll, Katie Notopoulos, Adam Mosseri's Organizations: Service, Twitter, US Securities and Exchange Commission, Meta Locations: Japan, Taiwan, Instagram

☆ Elon Musk cancels X town hall event minutes after it started following yet another round of technical problems
▼ + stars: | 2024-11-04 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

But the event on X ended just a few minutes after it started, when Musk encountered technical difficulties. The X Spaces event Musk started immediately following the town hall, lasted one minute and appeared to have no audio. He also said he would not restart his Q&A and encouraged followers to listen to his Rogan interview instead. The Monday night town hall marks just the latest election-related event that Musk attempted to host on X that was plagued by technical difficulties. An August interview between Musk and Trump that was streamed on X was delayed by more than 40 minutes because of glitches.

Persons: CNN — Elon Musk, Donald Trump, Musk, Joe Rogan, “, Trump, we’re, ”, ” Musk, Rogan, Ron DeSantis ’ Organizations: CNN, Trump, Florida Gov

☆ Why Toyota and Honda vehicles have such high resale values
▼ + stars: | 2024-11-04 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +1 min

Toyota and Honda have at times been called boring: Honda by its own engineers, Toyota more famously by a chairman descended from the company's founder. But while they may not have the luster of, say, European sports cars, these two Japanese brands have enviably high resale values. Toyota has topped Kelley Blue Book's Best Resale Value list eight times since 2014, including the last four consecutive years. Another key for the automakers is that Toyota and Honda listen carefully to customers and try to build only what they think people will buy. "The market tends to have much greater demand than Toyota supplies up front, which keeps resale high, which keeps consumers happy, and the cycle continues on and on," said Tyson Jominy, vice president of data analytics at J.D.

Persons: Tyson Jominy Organizations: Toyota, Honda, Lexus, Acura Locations: .

☆ My husband is 11 years younger than me. When we met I thought he wanted me to be his mentor.
▼ + stars: | 2024-11-04 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +5 min

Melanie Spring, 44, met her husband, Dan Russell, 33, in 2017. Melanie thought Dan was too young for her at first. I first met my husband, Dan, in 2017 at a three-night sleepaway camp for entrepreneurs when I was 37 and he was 26. When we first met, I thought he was too young, given our 11-year age gap. After the camp ended, I headed back to DC, and Dan headed back to Colorado.

Persons: Melanie Spring, Dan Russell, Melanie, Dan, —, I'm, Breckenridge, he's, Dan didn't, couldn't Organizations: Service, Facebook, Jazz Aspen Locations: Colorado, Breckenridge ., Aspen, Denver

☆ Goldman Sachs says this little-known daycare center stock can jump more than 40%
▼ + stars: | 2024-11-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Newly public child care services provider KinderCare Learning has a standout strategy that could boost its profits well into the future, according to Goldman Sachs. Goldman Sachs led the KinderCare initial public offering at $24 a share last month. The company also serves families across all income demographics, including those that get subsidies for child care, which broadens its addressable market. Goldman estimates the domestic child care industry is worth about $76 billion, and predicts it should grow at an annual rate of about 6% long term. Tong expects KinderCare revenue to top that, rising between 6% and 9%, as it makes acquisitions of smaller providers and further cements its advantages as a large-scale player.

Persons: Goldman Sachs, George Tong, Tong, Goldman Organizations: KinderCare, New York Stock Exchange, Child Care Locations: U.S, KinderCare

☆ Booze sales fall back to earth — except for one retailer
▼ + stars: | 2024-11-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.

Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, ”, Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States

☆ Meta is 'net winner' on AI spending, says Stephen Yiu of Blue Whale Growth Fund
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta is 'net winner' on AI spending, says Stephen Yiu of Blue Whale Growth FundStephen Yiu, chief investment officer at Blue Whale Growth Fund, previously sold Meta shares over concerns about its virtual reality investments, Metaverse. He is now bullish on the technology giant's artificial intelligence strategy.

Persons: Stephen Yiu Organizations: Growth, Growth Fund

☆ Stocks making the biggest moves midday: Nvidia, Berkshire Hathaway, Yum China and more
▼ + stars: | 2024-11-04 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Nvidia is slated to replace rival chipmaker Intel , while paint manufacturer Sherwin-Williams will replace Dow Inc . Fox Corp. — Shares rose nearly 4% after the media company surpassed Wall Street's fiscal first-quarter estimates. That surpassed the earnings per share of $1.13 and $3.38 billion in revenue expected by analysts polled by FactSet. The New York Times — The media company's shares fell 6% after The New York Times added fewer-than-expected digital subscribers in the third quarter, even as its digital advertising sales saw its strongest growth in more than two years. The New York Times Tech Guild also announced Monday morning that it is officially on an unfair labor practice strike .

Persons: Sherwin, Williams, Berkshire Hathaway, Warren Buffett's, FactSet, Talen, Marriott, Peter Stern, Chewy, Dow, — CNBC's Michelle Fox, Lisa Kailai Han, Pia Singh, Sean Conlon, Samantha Subin Organizations: Nvidia, Dow Jones, Intel, Dow Inc, Berkshire, Energy, Federal Energy Regulatory Commission, Susquehanna, Amazon, Constellation Energy, Marriott, underperform, Bank of America, Yum China Holdings —, Fox Corp, FactSet, The New York Times, New York Times, New York Times Tech Guild Locations: Shanghai, Yum China

☆ China urges France to get EU to arrive at palatable EV trade solution
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: +1 min

European leaders have struggled to formulate a unified Sino-European strategy, with some states echoing U.S. calls for a complete disassociation — or decoupling — while others have preferred a softer, derisking approach. China has urged France to take on "an active role" to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle industries, Beijing's commerce ministry said on Monday, citing its minister. Wang Wentao, in a meeting with French junior trade minister Sophie Primas in Shanghai on Sunday, reiterated the European Union's investigation into China's EVs is a major concern and has "seriously hindered" China-EU auto industry cooperation. The EU launched an anti-subsidy investigation into imports of Chinese-made battery EVs last year and in October voted for tariffs on those vehicles. China in the past year has launched its own investigations into European pork and dairy, and imposed temporary anti-dumping measures on imports of brandy from the EU early this month.

Persons: Wang Wentao, Sophie Primas Organizations: European Commission, French, Sunday, EU Locations: China, France, Shanghai, EU

Former President Donald Trump's universal tariff proposals could cause prices to skyrocket on clothing, toys, furniture, household appliances, footwear and travel goods, according to a new report from the National Retail Federation. Trump has said he would impose a 10% or 20% tariff on all imports across the board. In both cases, the NRF found that the impact of Trump's tariffs would be "dramatic" double-digit percentage price spikes in nearly all six retail categories that the trade group examined. The report found that the greatest price spikes could occur for toys: between 36.3% and 55.8%. The report found that the more expensive retail goods would lead to a $46 billion decrease in purchasing power, if Trump imposes both universal tariffs and especially high China rates.

Persons: Donald Trump's, Trump, Mark Zandi Organizations: Abercrombie, Fitch, National Retail Federation, Republican, Bureau of Labor Statistics, CNBC Locations: Manhattan, New York City, China, Mexico, Raleigh , North Carolina

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