Latest news with #USA
CTV News
12 minutes ago
- Business
- CTV News
Trump ending all trade talks with Canada ‘immediately'
President Donald Trump speaks to the media, Friday, June 27, 2025, in the briefing room of the White House in Washington. (AP Photo/Jacquelyn Martin) U.S. President Donald Trump says his team is ending all trade talks with Canada, 'effective immediately.' He made the announcement in a post Friday on Truth Social. More details to come.
The Guardian
12 minutes ago
- Business
- The Guardian
Nike expects Trump tariffs to cost it $1bn
Nike has said it expects costs to increase by about $1bn (£728m) as a result of Donald Trump's tariff war as the sportswear company looks to reduce its manufacturing in China. The market value of the company has dropped by a third over the past year and it is taking action to reduce the hit, including increasing prices in the US and sourcing from other countries. 'These tariffs represent a new and meaningful cost headwind,' said Matthew Friend, Nike's chief financial officer. 'With the new tariff rates in place today, we estimate a gross incremental cost increase to Nike of approximately $1bn. We intend to fully mitigate the impact of these headwinds over time.' Last year almost 60% of all Nike-branded apparel was made in Vietnam, China and Cambodia. Vietnam, Indonesia and China manufactured 95% of all Nike footwear last year. 'We have strong relationships with our factory partners, and our leadership team is experienced in managing through disruption,' Friend said. 'Nike has consistently been a top payer of US duties. We will optimise our sourcing mix and allocate production differently across countries to mitigate the new cost headwind into the United States.' He said manufacturing capacity and capability still remains important to the company, despite the 60% tariff rate imposed by the US, accounting for about 16% of footwear imports to America. Friend said the business was working to minimise the impact on consumers. However, he added that the company would implement a 'surgical price increase' in the US from this autumn, and will aim to reduce overheads through 'corporate cost reduction'. Friend's comments came as Nike reported its worst quarterly earnings in more than three years, as revenues slumped 12% to $11.1bn in the three months to the end of May. Elliott Hill, the chief executive of Nike, said: 'The results are where we planned. That said, we're not happy with where we are.' Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion Mamta Valechha, an analyst at Quilter Cheviot, said: 'Nike continues to slump, with its fourth quarter the worst in at least two decades.' She said the figures indicated Nike 'may nearly be at rock bottom', adding: 'It has been a difficult period for Nike following the pandemic, and the threat of tariffs simply is not helping the situation for the company.'
CBC
14 minutes ago
- Entertainment
- CBC
Jerry Bruckheimer was terrified that Brad Pitt would crash his car while shooting F1
For the better part of four decades, Hollywood producer Jerry Bruckheimer has been a kind of blockbuster travel agent for audiences around the globe. "We're in the transportation business," he tells Q guest host Talia Schlanger in an interview. "We transport you into another world." Bruckheimer has taken movie-goers on a spaceship to an asteroid in Armageddon, into the back of a cop car with Will Smith in Bad Boys, and into the cockpit of a fighter jet in Top Gun. His latest movie, F1, brings you to the racetrack for a front row seat at one of the world's biggest sporting events. WATCH | Official trailer for F1: The new high-octane blockbuster stars Brad Pitt as an aging Formula One driver who attempts to make a comeback 30 years after his promising career is derailed by an accident. As a veteran producer, Bruckheimer had to draw on everything he knows about making action movies to pull off the film's high-risk stunts, while also maintaining authenticity and keeping his actors safe. When Pitt signed on to the movie, he insisted on driving himself without the use of green screens. "When you see Brad in the car, he's in the car," Bruckheimer says. "[The actors] are in the car going 180 miles an hour, breaking down to 50. The G-force is in the corners; you hit five Gs when you go in those corners at 50 miles an hour. And the downforce is unbelievable." These are rocket ships that they're driving at these enormous speeds. - Jerry Bruckheimer While shooting the film's life-threatening scenes, Bruckheimer was constantly worried about Pitt's safety. He says his happiest day on set was when the A-list star stepped out of the car for the final time in Abu Dhabi. "That was his unhappiest day because it was over," Bruckheimer says. "He just loved it. Even though he took a beating physically…. You don't understand, these are rocket ships that they're driving at these enormous speeds." But despite all of the impressive action shots, Bruckheimer says it's "the emotional story" that really hooks you in. "You don't have to be a racing fan or know anything about F1 to really enjoy this movie because once we get you in the theatre, we're going to surround you with a great story, great visuals and great sound," he tells Schlanger. "You're going to have a great experience for over two hours. And I promise you, you'll feel better when you walk out than when you walked in."
Globe and Mail
16 minutes ago
- Business
- Globe and Mail
Outsourced Payroll Services Gain Momentum as Real Estate Firms Partner with IBN Technologies for Accuracy and Compliance
Real estate firms are turning to IBN Technologies for outsourced payroll services to manage complex compensation, ensure compliance, and streamline operations. IBN offers tailored solutions—from agent commissions to multistate tax filings—integrated with platforms like QuickBooks and ADP. Their expert support, cloud-based tools, and 100% accuracy help firms reduce costs, improve efficiency, and focus on growth. Miami, Florida - 27 June, 2025 - The transition is being led by real estate companies, since many are moving away from in-house processing due to complicated compensation structures, multistate operations, and stringent regulatory requirements. To manage tax filings, automate payments, and minimize errors, real estate companies that oversee agents, contractors, and salaried employees go to specialist suppliers for outsourced payroll services. This leads to increased productivity, reduced expenses, and more time for real estate development and sales. In the sector, outsourcing is increasingly being seen as a wise, calculated decision as laws tighten. This increasing use of outsource payroll services is indicative of a larger movement in the real estate industry toward risk mitigation and operational simplicity. Businesses may maintain compliance without growing their internal staff by using integrated solutions from businesses like IBN Technologies that manage everything from contractor classifications to commission calculations. Payroll outsourcing is proving to be more than just a convenience as the sector adjusts to shifting labor regulations and market conditions; it is also becoming a competitive advantage. Ready to simplify your real estate payroll operations? Get a Free Consultation Today: Key Financial Challenges in Real Estate and How to Manage Them Businesses in the real estate industry deal with financial challenges that are needed for careful management and supervision. Every element needs precision and control, from managing complex transactions to keeping an eye on project profitability. Long-term growth and financial stability depend on excellent debt management, transparent rental revenue and spending tracking, and efficient cash flow management. Businesses may maintain their competitiveness and make wise judgments in a changing market by addressing these issues with organized financial procedures. • Manage complex real estate transactions with precise accounting • Ensure smooth cash flow and effective debt handling • Track profitability across individual projects • Maintain clear records of rental income and expenses • Support financial transparency for better decision-making With the right support, real estate firms can simplify finances and boost control. Companies like IBN Technologies help manage transactions, cash flow, and project profits accurately. This leads to smarter decisions and stronger growth. Partnering with Payroll Outsourcing Experts for Real Estate IBN Technologies provides customized payroll outsourcing solutions made to satisfy the unique requirements of the real estate industry. They provide everything from precise year-end reporting to commission-based compensation plans and direct deposit processing. These solutions, which are designed for accuracy and adaptability, assist real estate companies in managing small business payroll processing expenses while guaranteeing seamless operations across several projects and property locations. • Accurate payroll handling for agents, contractors, and staff ensures error-free transactions • Responsive support during business hours to address payroll questions quickly • Full year-end reporting for 1099s, W-2s, and compliance requirements • Up to date with labor and tax regulations to support multi-state operations • Timely payroll processing maintains workforce trust and project continuity IBN Technologies leverages secure cloud-based solutions that are linked with industry-leading payroll systems like QuickBooks Payroll, ADP, and Gusto to optimize payroll processes. Their methodology ensures precise computations, timely tax assistance, and superior data protection. IBN provides a scalable solution that meets the changing demands of the real estate sector with features including automated compliance updates, real-time payroll monitoring, and smooth connection with accounting and property management systems. Ensuring Payroll Compliance in Real Estate IBN Technologies provides complete payroll support customized to real estate firms, ensuring accuracy and compliance at every step. From agent commissions and contractor payments to multi-state payroll tax filings, their services are built for industry-specific challenges. • 100% accuracy ensures reliable payouts across multiple roles and properties • 24/5 expert support to resolve payroll issues promptly • Compliance with evolving labor laws and tax codes reduces legal risk • Timely payroll delivery supports staff satisfaction and project timelines. Proven Results with Expert Payroll Solutions in Real Estate As payroll complexities rise across the U.S., real estate firms are increasingly turning to specialized providers to manage workforce payments accurately and efficiently. With evolving tax regulations, diverse compensation models, and multi-location operations, the need for expert payroll support has become vital to maintaining compliance and business continuity. • Over 65% of real estate companies now outsource payroll to streamline onboarding, with IBN Technologies enabling seamless system setups and integration with property and accounting platforms. • Firms report a 92% improvement in payroll accuracy and a significant reduction in late payments, enhancing compliance, operational efficiency, and employee satisfaction. Future-Ready Payroll Strategies for Real Estate Payroll for startups and growing real estate firms must be scalable, agile, and compliant to meet market demands. Considering growing regulatory requirements, workforce diversity, and technology-driven operations, businesses need to implement systems that support long-term growth in addition to addressing present issues. Payroll outsourcing to seasoned companies like IBN Technologies guarantees that real estate companies can swiftly adjust, optimize their workflows, and keep control without having to deal with internal complexity. These solutions equip businesses for a more competitive and dynamic future by combining real-time data, automatic compliance, and seamless system integration. A strategic change in the way real estate companies handle their financial operations is shown by the increasing dependence on outsourced payroll. It's about laying the groundwork for more intelligent, forward-thinking company management, not just about outsourcing a duty. Real estate companies can concentrate on expansion, property development, and long-term success when they work with a reliable partner like IBN Technologies, one of the best payroll company for small business, which gives them the flexibility, precision, and compliance they need to stay ahead in a changing market. Bookkeeping Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Bloomberg
17 minutes ago
- Business
- Bloomberg
Trump Cuts Off Trade Talks With Canada, Threatens to Set Tariff
President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax, and threatened to impose a fresh tariff rate within the next week. 'Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,' Trump posted on social media.
