When David Rashid took over US autoparts maker Plews and Edelmann, the company was losing business to its Chinese rival, Qingdao Sunsong. Both companies make power steering hoses, but Sunsong was offering its hoses to retailers at a much lower price.

Then, in 2018, the Trump administration threw companies like Rashid's a lifeline, by announcing tariffs on a range of Chinese goods, including some autoparts. Rashid thought the tariffs would finally force Sunsong to raise its prices, but, somehow, the company never did.

It was a mystery. And it led Rashid to take on a new role – amateur trade fraud investigator. How could his competitor, Sunsong, absorb that 25% tax without changing its prices? And why had all of Sunsong's steering hoses stopped coming from China and started coming from Thailand?

On today's episode, the wide gulf between how tariffs work in theory... and how they actually work in practice. And David Rashid's quest to figure out what, if anything, he could do about it. It's a quest that will involve international detectives, forensic chemists, and a friendship founded on a shared love for hummus.

This episode was hosted by Keith Romer and Jeff Guo. It was produced by Emma Peaslee and edited by Molly Messick. It was fact-checked by Sierra Juarez and engineered by Ko Takasugi-Czernowin. Alex Goldmark is our executive producer.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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Recently, the state of Washington embarked on an ambitious new plan to combat climate change. Taking a page from economics textbooks, the state instituted a statewide "cap and trade" system for carbon emissions. The state establishes a cap on the total amount of carbon pollution it is willing to allow each year, and then gives away or auctions off carbon emission permits that add up to that total. Companies can then trade those permits on the open market.

Economists love cap and trade plans because they establish a limit on carbon emissions while letting the market find the most efficient way for decarbonization to occur. But cap and trade has had a hard time catching on, especially in the U.S.

The stakes are high for Washington's new plan. If it succeeds, it could convince other states to implement their own versions, but if it fails, it might serve as a cautionary tale. On today's show, we take a look at how Washington's grand experiment with cap and trade is faring.

This episode was hosted by Keith Romer and Kenny Malone. It was produced by Emma Peaslee and edited by Emily Siner. It was fact checked by Sierra Juarez and engineered by Valentina Rodriguez Sanchez. Alex Goldmark is Planet Money's executive producer.

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The following is a list of University of Toronto experts who can comment on Brexit: impact on UK-Canada foreign policy and trade deals. Robert Bothwell, Professor of International Relations at U of T’s Munk School of Global Affairs Expertise: History of Canada/UK relations, Commonwealth ties Tel : (416) 946‑8948 Email: bothwell@chass.utoronto.ca Nelson Wiseman, Professor of Political Science […]

With early exposure to the trades, a young girl found inspiration from the women she saw working in the industry, and now she wants to encourage more women to get into the business.

In the midst of a historic energy transition, the HVAC is facing a workforce shortage, and it needs to get creative to find solutions.

The Ridgid Experience, the brand’s signature event, gives select trades workers an all-expenses-paid, three-day trip that features hands-on factory experiences, fun, and camaraderie, a press release from Ridgid said.

Lasting learning in the skilled trades requires substantial time spent working on real equipment with real tools.

The National Technical Institute's Regional Immersion Program is an opportunity for contractors to overcome recruitment hurdles and secure qualified entry-level workers, and for those with an interest in HVAC, plumbing, or electrical work to get fundamental training.

When it comes to training technicians, numerous HVAC contractors have elected to create their own academies, granting them the opportunity to equip technicians with the skills and knowledge that best fit their service models.

Regardless of the teaching profession’s demands and challenges, many HVACR instructors continue to instruct because of their unconditional love for the trades and desire to prepare the industry’s next generation.

The AHRI’s 2024 Policy Symposium brought more than 200 members, along with AHRI staffers and others in HVAC, to Washington for the lobbying effort, plus panel discussions, keynote speeches, and networking.

The report showed 61% of the Gen Z respondents said their parents haven’t spoken to them about vocational school — or told them not to consider it.

As AI continues to prove itself as more than just a fad, businesses should be harnessing its power to increase efficiencies and improve customer experiences.

While new technology can certainly help streamline certain aspects of HVAC business operations, like accounting and inventory management, it still needs to be viewed as a tool to augment the capabilities of employees, not replace them entirely.

The grant will provide state-of-the-art technology and equipment for industrial training programs such as mechatronics, information technology and cybersecurity, HVAC, construction management, welding, and more.

The final rule from the U.S. Department of Energy, issued recently, requires newly manufactured indoor residential gas furnaces to be at least 95% efficient starting in December 2028, meaning furnaces made after then will have to be condensing models.

Marketing guru Benjamin Ricciardi is one of our industry experts sharing his optimal knowledge at this year’s Fall Experience and Trade Show! 

Taking place in Parma, Italy, from October 24-27, the 2023 edition of the Cibus Tec trade fair will showcase trends and innovations in the Italian and international food and beverage machinery industry.

The USDCHF has moved higher in trading today and in the process moved above the swing highs from last week and swing area between 0.8772 to 0.8776. That area is now a close risk and bias-defining level. Staying above is more bullish.

The move above that area today has led to an increase in momentum with the price moving to and through the 50% midpoint of the move down from the Mqy 1 high. That level comes in at 0.87986 (near natural resistance at 0.8800).

The price is in trading above and below that level the last four or so hours of trading with a high price of 0.8804. Also in play on the topside is its 200-day moving average at 0.8817 and a swing area from 0.88187 to 0.88251. Get above those levels would open the door for more upside momentum.

So buyers and sellers are battling it out near the 50% midpoint and below the 200-day moving average. That is natural estranged can defined and limited risk against the technical levels. However, the price were to move above the 200-day moving average, the seller leaning now, should look to cover and push the price higher.

---------------------------------

USDCHF Summary

The USDCHF continues its upward trend, testing the 50% target level at 0.87986.

Key Levels:

Resistance

• 0.8817 (200-day MA)

• 0.88187-0.8825 (swing area)

Support

• 0.8772-0.87763 (last week's highs)

Outlook:

• Breaking above 0.88187-0.8825 opens door for more upside momentum.

• Moving below 0.8772-0.87763 gives sellers short-term advantage.

• Absent a breakdown, buyers remain in control, targeting new highs since July 31.

This article was written by Greg Michalowski at www.forexlive.com.

Fundamental Overview

Bitcoin is now up almost 30% since the election day as the bullish momentum in the cryptocurrency exploded following Trump’s victory. This shouldn’t be surprising given that Trump vowed to make the US the crypto capital of the planet.

Moreover, it looks like the US economy continues not only to do well but also re-accelerating amid the Fed’s easing and the expectations of expansionary fiscal policies like tax cuts and deregulation.

Bitcoin, alongside Dogecoin and stocks like Tesla and Coinbase, have been the top beneficiaries of Trump’s victory given their direct connection to Trump. For now, there’s no real top in sight as we would likely need a contractionary monetary policy or a notable slowdown in the economy.

The risk going forward is the Fed. If the central bank starts to mention the need of more tightening, then we could see some big corrections in all risk assets. That day though looks to be at least a couple of months away for now.

Bitcoin Technical Analysis – Daily Timeframe

On the daily chart, we can see that Bitcoin is now trading near the 90K level. The 100K level is the natural target, something that has been talked about a lot. That doesn’t mean it cannot go any higher than that though. For now, it’s a momentum play and despite the obvious nervousness one can get seeing the euphoria in the air, there’s no negative catalyst in sight that could reverse the trend.

Bitcoin Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have an upward trendline defining the current bullish momentum. That’s now far away from the current price and it’s unlikely that we will see a pullback into it in the near term unless we get a very hot US CPI report tomorrow.

If we do get there though, the buyers will likely lean on it to position for a rally into new highs, while the sellers will look for a break lower to increase the bearish bets into the next major trendline around the 75K level.

Bitcoin Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have another minor upward trendline defining the bullish momentum on this timeframe. The buyers will likely keep on leaning on it to position for further upside, while the sellers will look for a break lower to increase the bearish bets into the next trendline.

More aggressive buyers, might pile in already on the break of the recent high around the 90K level targeting the 100K level. The red lines define the average daily range for today.

Upcoming Catalysts

This week is a bit empty on the data front with the most important releases scheduled for the latter part of the week. Tomorrow, we have the US CPI report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

The USDJPY is extending to a new session high after testing is 61.8% retracement earlier in the day at 153.397 and finding willing buyers.

The market to the upside has now taken the price to a high of 154.75. That has extended above the high price from last week at 154.704. The buyers are making a play.

The swing high going back to July 30 came in at 155.21, and that becomes the next key target on the topside for the pair.

This article was written by Greg Michalowski at www.forexlive.com.

BofA suggests staying short on CHF, particularly against USD and GBP, as post-election volatility subsides and G10 rate repricing supports a weaker CHF. While political risks may pose a minor obstacle, BofA sees CHF depreciation as likely due to policy divergence, with recent fiscal stimulus in the UK reinforcing the case for long GBP/CHF.

Key Points:

• CHF Weakness Expected: Following the US election, BofA expects normalization in volatility and G10 rate adjustments, which support a weaker CHF heading into year-end.

• Policy Divergence and SNB Cuts: CHF depreciation has been driven by Swiss policy moves, including an SNB rate cut, and ongoing yield compression. Increased Swiss inflation has also pressured CHF.

• Positioning in USD/CHF and GBP/CHF: BofA favors short CHF positions in USD/CHF and recently opened a long GBP/CHF position via a three-month ratio call spread, driven by UK fiscal stimulus enhancing policy divergence.

• Risk Management Considerations: While CHF shorts are promising, BofA advises a cautious approach due to potential political uncertainties that could affect CHF.

Conclusion:

BofA recommends holding short CHF positions in USD/CHF and GBP/CHF, as volatility recedes and policy divergence favors a weaker CHF. Though political noise may cause short-term volatility, BofA sees CHF depreciation persisting into year-end, with UK fiscal moves strengthening the case for GBP/CHF.

For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here.

This article was written by Adam Button at www.forexlive.com.

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

This article was written by Eamonn Sheridan at www.forexlive.com.

At 10 am Sydney time on Thursday, November 14, 2024,

• Panel Participation by RBA Governor Michele Bullock, at the ASIC Annual Forum, Sydney
• that's 2300 GMT, 1800 US Eastern time on Wednesday, November 13, 2024

Perhaps we'll hear something on wages data from earlier today:

• Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)

But, probably not:

• Australia - "Wage inflation is moderating as expected"

The RBA next meet on December 9 and 10 and no change to the cash rate is widely expected.

This article was written by Eamonn Sheridan at www.forexlive.com.

The last time Donald Trump was the US president, Vietnam reaped big benefits from the trade war he started with China. This time around, the outcome could be different.

It looks like this time, Paramount's decades-held hopes of making a movie out of Tom Clancy's epic saga Without Remorse are really going to happen! Last month, Variety reported that Jamie Bell will join the previously announced Michael B. Jordan (playing frequent Clancy hero John Clark) in the movie from director Stefano Sollima (helmer of the very Clancy-esque Sicario: Day of the Soldado). Bell will play a familiar character from the Tom Clancy universe, CIA Deputy Director of Operations Robert Ritter. Henry Czerny memorably essayed the role in 1994's Clear and Present Danger, in which Willem Dafoe played Clark.

Today, several more actors joined the cast, making this Without Remorse more and more of a reality! (Forgive my incredulity. It's just hard to believe this movie is finally happening after literally decades of development!) Deadline reports that Luke Mitchell (Agents of S.H.I.E.L.D.), Jacob Scipio (Bad Boys For Life), Cam Gigandet (Seal Team Six: The Raid on Osama Bin Laden), Jack Kesy (12 Strong), and Todd Lasance (Spartacus) are all signing on as members of Clark's SEAL team. Nearly all of them have played special forces operators before. Additionally, Jodie Turner-Smith (The Last Ship, The Neon Demon) has been cast as a potential love interest for Jordan.

According to the trade, "Without Remorse is the origin story of John Clark, played by Jordan, a Navy SEAL-turned-CIA ops officer, who seeks revenge after his girlfriend is killed by a Baltimore drug lord." That sounds more or less like the novel, so if this capsule summary comes from the studio (and not just a Deadline writer Wikipedia-ing the book), then perhaps we can expect a fairly faithful adaptation. What I'm guessing we won't get is a period piece. I doubt Clark will serve in Vietnam in this version; I suspect they'll make it contemporary. (This was the plan back when Tom Hardy was supposed to play Clark in a series intended to cross over with Chris Pine's intended Jack Ryan franchise.) Paramount are very eager to launch a new film franchise with this movie, already eyeing Clancy's Rainbow Six as a follow-up. Also unclear is whether there will be any crossover with Amazon's Jack Ryan TV series, which hails from the same producers. The Clark character has been kept out of that series so far because of the percolating film franchise, but that doesn't necessarily preclude a cameo from John Krasinski in Without Remorse....

Without Remorse is slated to open September 18, 2020.

Deadline reports that an English language version of the international hit French spy series The Bureau (Le Bureau des Légendes) is in the works. Per the trade, Paris-based Federation Entertainment, the production company behind the series, "said that negations are underway for remakes of The Bureau in both the U.S. and South Korea." The original French version airs in America on cable network Sundance, and has found great success in markets all over the world. It stars Mathieu Kassovitz (Haywire, Munich), and Bond villain Mathieu Amalric (Quantum of Solace) came aboard in the fourth season.

It's a real spies' reunion for the miniseries version of Ben MacIntyre's superb non-fiction book A Spy Among Friends! Nearly everyone involved has some serious spy experience on their resume--and many of them have worked together before. It's no wonder the book has attracted such an array of veteran talent; for my money it's a strong contender of the best spy biography ever. MacIntyre uses the close friendship between the notorious double agent Kim Philby and loyal MI6 officer Nicholas Elliott to frame the story of the notorious Cambridge spy ring that shook the foundations of British Intelligence--and the Cold War at large. 

Deadline reports that Marv Films (Matthew Vaughn's UK-based production company) "is plotting 'something like seven more Kingsman films' as part of the company’s expansion plans." That's... ambitious! But other spy franchises have certainly sustained that many or more. At least one of those seven films is expected to be a spinoff centered on the American spies (including Channing Tatum and Jeff Bridges) introduced in the second movie, Statesman. If previous plans mooted by Vaughn are still in effect, another is likely to be a third and supposedly final movie about the characters from the first two films, Eggsy (Taron Edgerton) and Harry Hart (Colin Firth), said to close out that trilogy. 

The next Kingsman movie we see will definitely be the WWI-set prequel The King's Man, long in the can and delayed by the global pandemic. That's currently slated for February, but likely to change again. It stars Harris Dickinson, Ralph Fiennes, Gemma Arterton, Rhys Ifans, Tom Hollander, and Daniel Brühl. With a cast like that an an exciting new time period less well mined by other spy franchises (and even a more serious tone judging from the trailers), I'm hopeful some more of these upcoming Kingsman films are sequels to The King's Man. Perhaps Dickinson and Fiennes will get as many movies as Edgerton and Firth.

According to Marv Group CEO Zygi Kamasa (per the trade), the company also has a Kingsman TV series in the works. 

Theodore J. Flicker's 1967 James Coburn satire The President's Analyst is one of my very favorite spy movies. (It's also Coburn's best spy movie... Sorry, Derek Flint.) When describing it to people, I always say that the comedy holds up surprisingly well today... sadly. America is still facing many of the same social  issues Flicker sent up over fifty years ago (from institutional racism to monolithic Big Tech), and it's easy to imagine a remake. Now, Paramount is imagining one... with The Daily Show host Trevor Noah on board to produce and potentially star. According to The Hollywood Reporter, former Obama White House staffer Pat Cunnane will write the script. The premise, about a psychotherapist burdened with all of the President's top secret stresses, will obviously be familiar ground for him! According to his publisher, Cunnane served as "President Barack Obama’s senior writer and deputy director of messaging at the White House, where he worked for six years in many roles."

On the eve of Killing Eve's series finale (airing this weekend), Deadline reports that "producer Sid Gentle Films is in early stage development on [a] spin-off, though it hasn’t got a greenlight yet." The spin-off (for BBC America and AMC Networks) would focus on Fiona Shaw's character, Carolyn Martens... but not as the cool, commanding spymaster we met in the show's first season. Instead, the potential spin-off would focus on her early days with MI6. From what we know of her history on the show, that could be incredibly compelling! Presumably such a series would focus on her time on Russia Desk and in Moscow during the waning days of the Cold War, when she recruited a crucial asset. I'm not so interested in this potential series because of its Killing Eve connection (though I do love that show's wit and tone and performances, and it would be nice to see them continue), but because of its setting. We don't see many Cold War era series, and when they do come along, I'll always be watching! It would be particularly cool to see one set in the late 80s with that focus. The Americans of course reveled in its 80s setting, but that was focused on Soviet agents undercover in America. A show about a British agent operating in Moscow at that time would be very different! 

The FDA continues to take creative and flexible approaches to address access to critical medical products in response to COVID-19. Researchers at academic institutions, non-traditional manufacturers, communities of makers, and individuals are banding together to support and fill local and…

Over the last few decades hair transplantation surgery has rapidly evolved, becoming more sophisticated and successful, however the process has still fundamentally relied on hair follicles being redistributed from one part of the body to another. Growing human hair follicles…

Where do the world’s big cruise lines, a major cog in South Florida’s tourism industry, go from here? Answers emerged quickly at the annual four-day Seatrade Cruise Global conference at the Greater Fort Lauderdale Broward County Convention Center

The Trinity spin-out is looking to raise €3.6m to conduct its first clinical trials.

Read more: Plio Surgical wins big at the InterTradeIreland start-up competition

In addition to its partnerships with Tradepost LLC and Stonecutter Ventures, Feazel is now offering GAF Energy's Timberline Solar Shingle.

Art Unlimited CEO and marketing guru Anna Anderson explains how roofing contractors can make the most of their time at trade shows like the International Roofing Expo and other industry events.

Registration is now open for the 2024 IIBEC Convention in Phoenix, featuring awards, educational sessions, and networking opportunities. 

Entre rumores de problemas en el vestuario y después de su polémica visita a Estocolmo, el delantero del Real Madrid no regresa a su selección Leer

[Prosper Africa] Cape Town, South Africa -- The Prosper Africa Tech for Trade Alliance is excited to announce a Request for Applications (RFA) from African companies with innovative, technology-driven solutions that can accelerate commerce and trade across the continent. This RFA seeks to identify scalable solutions that can address key challenges within Africa's trade ecosystem, boosting economic integration and growth.

Make UK, the UK organisation for the manufacturing and engineering sector, and the British Healthcare Trades Association (BHTA), the trade association for the healthcare and assistive technology sector, have announced their new partnership, aimed at fostering collaboration and growth for UK healthcare manufacturing companies.

Download PC Components price list (892.79 KB)

You won't believe what you are getting for S$99. #cmf #budspro2 #truewirelessearbuds

1921: Trade Agreement Between His Brittanic Majesty's Government and the Government of the Russian Socialist Federal Soviet Republic

Brisbane, Queensland Australia - Job Description At Boeing, we innovate and collaborate to make the world a better place. From the seabed to outer space, you can contribute to work that matters with a company where diversity, equity and inclusion are shared values. We’re committed to fostering ... View

Meat producer BrucePac is recalling nearly 10 million pounds of meat and poultry products sold at Trader Joe's, Target, Kroger and other retailers because they might be contaminated with listeria.

Capitals defenseman Jeff Schultz has requested a trade, according to his agent, Jarrett Bousquet.

The Guardian 5000 Series Hotplate Stirrers represent a significant advancement in laboratory equipment, combining cutting-edge technology with unparalleled safety features. As the next generation of Guardian stirrers, these models offer exceptional performance and reliability for a wide range of applications.

This new system raises the bar in high-resolution, high-throughput 3D imaging for cells and organoids, providing researchers with faster, more detailed, and more accurate insights into biological processes.