American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Gillette customers will now be able to order personalized 3D printed razors in a pilot program from parent company Procter & Gamble.
Razor handles will be printed using stereolithography, a type of 3D printing technology from Boston-based Formlabs and people will be able to choose from 48 designs and seven colors, priced between $19 and $45, including one razor blade. A pack of four extra blades will cost $15 and orders will shop in two to three weeks from the company's new Razor Maker website.
3D printing has mostly been used in manufacturing, according to David Lakatos, chief product officer at Formlabs. "Mass customization with 3D printing is finally becoming a reality for consumers to experience end-use printed products," he said in an online statement.
Gillette has used the slogan "The Best A Man Can Get," since 1989, and guys now want razors more tailored to their needs, according to P&G's director for Gillette and Venus North America, Pankaj Bhalla. "Earlier this year we introduced a range of new razor products and declared that 'one size' does not fit all men when it comes to razors," he said in an online statement. "The Razor Maker pilot furthers our commitment to place power in the hands of consumers," he added.
P&G is competing against newer rivals such as Dollar Shave Club, the subscription company bought by Unilever for a reported $1 billion in 2016. In May 2017, Gillette launched its own on-demand service and earlier this year expanded it so that people can add photos and text to their razor handles.
On Tuesday, P&G was told it is now exempt from the 25 percent U.S. tariff levied on the steel it imports from Japan and Sweden for razor blades, nearly four months after its rival Edgewell Personal Care, which makes Wilkinson Sword and Schick blades, got a similar exemption.
Both manufacturers said they needed to go overseas for steel suppliers, because U.S. producers cannot supply steel of a high enough grade, according to a Reuters report.