Prime Minister Mark Carney says it’s “possible” that a trade deal will be reached with the US ahead of the Asia-Pacific Economic Cooperation summit next week. Speaking to reporters Tuesday morning, Carney said Canada is in “intensive negotiations” with the US and that he expects to see President Donald Trump at the summit in Gyeongju,

General Motors stock surged after the company reported an improved full-year profit outlook, as the biggest of the Detroit Three automakers grapples with President Trump's auto tariffs.

GM now expects tariffs to hit profits by $3.5 billion to $4.5 billion this year, an improvement from earlier estimates of up to $5 billion. The company said new tariff revisions should help offset some of the pain, with savings expected to show up in the fourth quarter as part of broader cost-cutting efforts.

As a result, more shipments will come in at the end of the year, Kreiz said. Mattel maintained its guidance for net sales to rise by 1-3 per cent this year from last year’s $5.4bn. Shares of Mattel were 5.3 per cent lower in after-hours trading.

General Motors raised its profit outlook for the year citing relief on two fronts: less pressure from tariff costs and lighter losses on electric cars, as it unwinds massive bets it made on the technology.

UPS and other shippers are having to gather additional customs information to clear some international shipments. They don't always succeed.

GM CEO Mary Barra praises new U.S. auto tariff offsets, a policy tailwind that bolsters the company's $4B+ domestic manufacturing and onshoring strategy.

South Korea's industry minister will visit the U.S. on Wednesday for urgent talks aimed at finalizing a tariff deal that has been on hold over the details of a $350 billion investment, ahead of an Asia-Pacific summit later this month,

In the wake of massive U.S. cuts in foreign aid as well as tariffs imposed by President Donald Trump’s administration, the small southern African country of Lesotho faces deep uncertainty over its fight to end the HIV epidemic and its economy.

Nucor Corporation faces muted demand and higher costs despite a strong balance sheet. Click here to read my latest analysis of NUE stock.