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NEW YORK (AP) — Cabinet dealers, interior designers and remodeling contractors in the U.S. hope new tariffs on imported kitchen cabinets, bathroom vanities and upholstered wooden furniture that kicked in Tuesday will create more business for them and eventually boost domestic production of those products.But several small business owners in the home improvement industry say they expect some short-term pains from the import taxes: Clients with projects already on the books might balk at having to pay more for the budget-priced cabinets they selected. Potential customers may postpone kitchen and bathroom renovations until costs — and the economy — seem…

This aerial view taken from a commercial flight shows cargo ships docked along the strait in Singapore on April 7, 2025.Mohd Rasfan | Afp | Getty ImagesSingapore’s economy expanded faster than expected in the third quarter, even as the country’s central bank warned that growth is likely to slow in 2026.Gross domestic product rose 2.9% year on year in the three months through September, the Ministry of Trade and Industry said Tuesday.That beat economists’ forecasts for a 1.9% increase, though it marked a slowdown from a revised 4.5% expansion in the second quarter.On a seasonally adjusted, quarter-on-quarter basis, the economy…

LOS ANGELES (AP) — Los Angeles County officials will vote Tuesday on whether to declare a state of emergency that would give them power to provide assistance for residents they say have suffered financially from ongoing federal immigration raids. The move would allow the LA County Board of Supervisors to provide rent relief for tenants who have fallen behind as a result of the crackdown on immigrants. A local state of emergency can also funnel state money for legal aid and other services.Funds for rent would be available to people who apply via an online portal that would be launched…

Shanghai-listed shares of Chinese chipmaker Wingtech plunged 10% Tuesday, hitting the daily limit for a second straight session after the Dutch government took control of its Netherlands-based subsidiary Nexperia.The Netherlands’ Minister of Economic Affairs revealed on Oct. 12 that the decision, made under the “Goods Availability Act” on the company in September, was intended “to prevent a situation in which the goods produced by Nexperia (finished and semi-finished products) would become unavailable in an emergency.”Nexperia specializes in the high-volume production of chips used in automotive, consumer electronics and industrial products, making it vital for maintaining Europe’s technological supply chains.In South Korea, the…

The top stories and transfer rumours from Tuesday’s newspapers…THE TIMES Martin Odegaard is expected to miss another six weeks with the knee injury he suffered against West Ham United. Image: Martin Odegaard suffered the injury in a first-half collision at the Emirates Stadium THE DAILY MAILNewcastle United have reached out to FIFA following an injury setback for Yoane Wissa. Image: Yoane Wissa poses for photographs after signing for Newcastle United THE SUN Chelsea striker David Fofana has been ordered to pay a total of £12,130 after driving his Cadillac Escalade without a valid licence or insurance. Former Leicester defender and…

Too many risky stocks helped the market bounce back from last week’s sell-off, according to CNBC’s Jim Cramer.”I don’t love a day like today because the speculative stocks make for bad leadership,” he said. “It’s much more encouraging when the tried and true do the leading, even if the tried and true means the Magnificent Seven and their fellow travelers.”The indexes recouped some of their losses from Friday’s rout — where $2 trillion in market value disappeared after President Donald Trump made a post on his Truth Social platform threatening to raise tariffs with China, saying the country was “becoming…

Broadcom CEO Hock Tan told CNBC’s Jim Cramer on Monday that artificial intelligence could become a larger part of global GDP as the technology spreads across industries.Tan said the current global GDP sits around $110 trillion, with 30% of that figure “valued from industries related to knowledge-based, technology-intensive.””And you put in generative AI, you create intelligence in a lot of other aspects of society,” Tan continued. “That 30% say will grow to 40% of all GDP. That’s $10 trillion a year.”If AI grows and becomes responsible for a larger piece of global GDP as Tan predicts, it would be a…

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Monday and what’s on the radar for Tuesday’s session. The banks report A big list of quarterly results comes out during ” Squawk Box” with Becky Quick, Andrew Ross Sorkin and Joe Kernen. All of these stocks last hit lows on April 7. Goldman Sachs is up 12% since last reporting three months ago. It’s less than 5% from…

Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesAs Salesforce welcomes tens of thousands of people to San Francisco for its annual Dreamforce conference, CEO Marc Benioff has found himself in the center of local controversy on a national issue.In an interview with The New York Times published on Friday, Benioff appeared eager for President Donald Trump to send federal troops to his company’s hometown, inserting himself into a national debate about whether the president should call the National Guard into various Democrat-led cities…

Thomas Tuchel says Marcus Rashford has the potential to become one of the best forwards in world football, but is concerned the Barcelona loanee could waste his talent.The England head coach has also revealed he talks to Rashford regularly, warning him that he needs to score more and create more, otherwise he might regret missed opportunities when he is in the latter stages of his career. Rashford has recorded three goals and four assists in his 10 appearances for the Spanish giants since leaving Manchester United on a temporary move this summer.”He can be one of the best in the…