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Amazon is doubling down on Canada even as an escalating tariff war adds another complication to one of the company’s significant international markets.Internal documents reviewed by Business Insider show that Amazon expects package volume in Canada to grow faster, percentage-wise, than in the US over the next several years. Its plans include expanding fulfillment capacity, same-day delivery, and its logistics network in Canada.Amazon was still laying out those expansion plans in late July, after President Donald Trump announced additional 50% tariffs on certain Canadian imports. An earlier Amazon document from March shows that tariffs were already affecting some of the company’s Canadian…
Among New York City’s wealthiest homeowners, the stages of grief over the city’s hotly contested “pied-à-terre tax” go something like this: First, anger at the chaotic rollout. Then denial, as they pepper lawyers and tax advisors with various versions of “How can they do this?” Bargaining follows, as they hunt for loopholes or long-forgotten documents to plead their cases.Some can afford to jump straight to the final stage: acceptance. The uber-elite may brush off the new tax, levied on second homes worth at least $5 million, as merely another line item tacked onto their vast portfolios. For most others, however,…
Daniel Lubetzky knows firsthand that great business ideas can sound far-fetched at first.But the “Shark Tank” investor and Kind Snacks founder says entrepreneurs should not dismiss their most outlandish ideas too soon because they’re the ones that can turn into some of the most successful businesses.”Out of those crazy things — that’s when the Kind bar comes out, the Ring machine that Jamie Siminoff invented — it has to come from the thinking outside of pushing yourself,” he said, citing his company’s Kind snack bar and the smart-doorbell company acquired by Amazon in 2018 for about $1 billion.The business world…
Canada should broaden its response to its trade war with the US by going beyond tariffs and targeting fighter jets and coal, said a Canadian premier.”I am encouraging the prime minister to look at non-tariff measures to respond, as well, to what the Americans are trying to do to Canadians,” British Columbia Premier David Eby said at a press conference on Tuesday.One potential target: Canada’s planned purchase of American F-35 fighter jets.”When your friend kicks you in the back, one of the first rules is you don’t then go and buy $12 billion of fighter jets from that person,” said…
Canadian politicians say President Donald Trump can rename Lake Ontario on the map if he wants to — it won’t change what they call it.In a Tuesday morning Truth Social post, Trump wrote that the US is “giving serious consideration to changing the name of Lake Ontario to Lake America” as “we don’t expect to be doing much business with Ontario any longer.”He later posted a picture of the map of Lake Ontario with its name crossed out and replaced by “Lake America” in a bold metallic font. His threat comes as trade tensions between the two countries flare.But Canadian…
Target is again facing a storm of criticism over an unforced error on diversity as it tries to navigate a challenging turnaround.The Minnesota-based retailer landed in the cultural crosshairs after it marketed a children’s Halloween costume with imagery that bore a striking resemblance to racist minstrel show posters.The retailer pulled the merchandise and issued an apology on Monday, but critics on social media have not been so quick to let the issue go.”It’s astonishing that they found themselves in the situation yet again,” former Target vice chairman Gerald Storch told Business Insider.On Tuesday, Target’s stock closed nearly 4% below its price…
Dolly Parton’s Dollywood theme park is known for its rides, musical performances, and delicious cinnamon bread, but it also features tributes to the late country star’s upbringing.Located in the Rivertown Junction section of the park, “Dolly’s Tennessee Mountain Home” is a replica of the two-room log cabin where she grew up with no electricity or running water in the 1940s and 1950s.The display was built and furnished by Parton’s immediate family members, making it an authentic portrayal of her early years.Parton’s death was announced on Tuesday by Bryan Seaver, the singer’s nephew. She was 80 years old.Take a look inside…
New York City tennis lovers: Your wallets might be spared.Mayor Zohran Mamdani is offering $100 tickets for the US Open at a fraction of market value. One thousand lucky residents will be granted access to the tournament for $100, which includes main-draw matches from August 30 through September 8. Tickets include seats in Arthur Ashe and Louis Armstrong Stadiums, as well as grounds passes.Tickets will go on sale online beginning at 10 a.m. EST on Wednesday, August 26, on a first-come, first-served basis. Buyers must have a ZIP code in the five boroughs. Lucky winners will be able to purchase a…
When I met my husband, he owned an established backcountry ski and hospitality business. He loved the outdoors and exploration; they were woven into his day-to-day life.I, on the other hand, was just beginning to reinvent my career, shifting from lawyering to freelance writing and consulting. During our first five years together, I often set aside my own ambitions to help his business. In doing so, I always reasoned that his business was profitable while my career was still in the startup stage and not yet earning much money.Shifting our collective energy toward my career was one of many factors…
Sinology | Moment | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Investors are flooding back into the commercial real estate market, powered by a steep rise in liquidity from sources across the finance spectrum. That’s despite stubbornly high borrowing rates.Bidding for properties in July posted its strongest monthly improvement in a year, according to quarterly…