NAFTA Talks Tackle Trade Ties Behind Your Burger
Montreal round of NAFTA negotiations aims to revise the pact amid U S Mexican and Canadian talks. Economists warn tariffs could raise prices on key foods like beef and fries if NAFTA ends, affecting supply chains and consumer costs.
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Karen Hansen-Kuhn
Institute For Agriculture and Trade Policy
World Trade Organization
Kevin MacIsaac
United Potato Growers of
WTO
Apple iPhone X gains fail to ignite strong demand
Apple posts a fiscal first quarter of 77.3 million iPhones sold down from a year earlier, amid investor worries over slow iPhone X uptake and a $29 battery replacement discount. Analysts had anticipated about 80 million units, and Apple trimmed its revenue outlook, sending shares lower before recovering in after hours.
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Boeing 747 lifeline as UPS orders 14 jets and freighters
UPS buys 14 Boeing 747 jumbo freighters along with four 767s to boost cargo capacity by over 9 million pounds, aiding expansion into Asia. The deal follows Delta retiring its 747s and fends off questions about Boeing's iconic jet's future while markets react to shifting rates.
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UPS posts 1.1B fourth quarter profit on online shopping surge
UPS reports a 1.1 billion dollar fourth quarter profit as growth in online shopping boosts revenue. The company plans 6.5 to 7 billion dollars in capital spending in 2024 to expand its network including new aircraft and center automation, despite investor concerns over higher costs.
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