Category Archives: 24/7 Newsroom News

As US Wood Tariffs Kick in, Kitchen Cabinet Companies Look for a Silver Lining

As US Wood Tariffs Kick in, Kitchen Cabinet Companies Look for a Silver Lining

NEW YORK (AP) — New tariffs on imported kitchen cabinets, bathroom vanities, and upholstered furniture in the U.S. are expected to impact the home improvement industry. The tariffs took effect early Tuesday. The White House says the aim is to boost domestic production and to protect American companies. However, some small business owners worry about…MORE

Beyond Meat Shares Drop Below $1 on Investor Concerns

Beyond Meat Shares Drop Below $1 on Investor Concerns

Beyond Meat’s shares were trading below $1 Tuesday as investors fretted over the company’s plans to cut its debt by issuing more shares. It was further bad news for the plant-based meat maker, which has been struggling with weak demand for its burgers, sausages, tenders and other products. Beyond Meat’s net revenue was down 15%…MORE

China Sanctions 5 US Units of South Korean Shipbuilder Hanwha Ocean Over Probe by Washington

HONG KONG (AP) — China has banned dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean. The Commerce Ministry announced Tuesday that Beijing also was investigating a probe by Washington into China’s growing dominance in world shipbuilding. The U.S. Trade Representative launched the Section 301 trade investigation in April 2024. It…MORE

Shooting at Packed South Carolina Bar Kills 4 and Injures at Least 20 Others

Shooting at Packed South Carolina Bar Kills 4 and Injures at Least 20 Others

ST. HELENA ISLAND, S.C. (AP) — A mass shooting at a crowded bar on the idyllic South Carolina island of St. Helena has left four people dead and at least 20 injured. Officials from the Beaufort County Sheriff’s Office say it happened early Sunday at Willie’s Bar and Grill on St. Helena Island. Among the…MORE