U.S. Tariffs and Trade War

U.S. tariffs are at their highest level since 1943, causing tension with Canada, Mexico, and China. President Trump imposed broad tariffs on goods from these countries, citing reasons of national interest and drug trafficking concerns. Canada and Mexico retaliated with tariffs of their own, leading to a trade war. The stock market reacted negatively to the tariff uncertainty, affecting companies like Target, Walmart, Amazon, and automakers like Ford and General Motors.

Impact of Trump's Border Policies on Human Smugglers in Mexico

A human smuggler in Mexico revealed that Trump's stricter border policies have caused his business to plummet by about 80% since Inauguration Day.

Major IT Outage Impacting Businesses Worldwide

Worldwide businesses impacted by major IT outage involving CrowdStrike and Microsoft, leading to disruptions in financial services, healthcare, and air travel. CrowdStrike's CEO confirms fix for update defect, while Microsoft works on resolving issues. Shares of both companies decline in premarket trading.

Impact of California's $20 Minimum Wage Law on McDonald's Franchise

A San Francisco McDonald's franchise closed down after 30 years due to California Gov. Gavin Newsom's new $20 minimum wage law. The closure was related to rent negotiations, taxes, and the new wage law. Approximately 10,000 fast food jobs were slashed in the state in the first two months after the wage increase. Business owners and restaurant goers are feeling the impact.

Impact of $20 Minimum Wage on California Fast Food Industry

Approximately 10,000 jobs have been cut at California fast food eateries after the minimum wage was raised to $20, causing businesses to struggle and some to shut down.