News & Information for Finance, Treasury, and Risk Management Professionals

GM Profits Fall as Tariffs Add $1.1 Billion in Costs

By David Welch

The company hasn’t moved to raise already high sticker prices enough to recoup tariff costs, instead opting to absorb the blow by cutting costs and repatriating some production.

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U.S. Retail Sales Surge

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Economists Continue to Expect U.S. Inflation to Pick Up

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July 16, 2025

U.S. Economic Activity Picked up—a Little—in June

“Many firms passed on at least a portion of cost increases to consumers through price hikes or surcharges, although some held off raising prices because of customers’ growing price sensitivity, resulting in compressed profit margins,” according to the Fed’s latest Beige Book survey.

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July 16, 2025

Stifel Financial Hit with Class-action Suit over Excessive 401(k) Plan Fees and Fund Options

Shortly after the Supreme Court ruled on behalf of employees in the Cornell University excessive fees case, a similar suit was filed by Stifel employees over its profit-sharing 401(k) plan.

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July 16, 2025

WakeMed Health Sued for Using ‘Millions’ of 403(b) Plan Forfeitures for Its ‘Own Self-interest’

The North Carolina–based hospital system was sued by a former employee, who alleges that WakeMed used “forfeited funds to reduce company contributions to the plan” instead of using the funds to reduce "the amounts charged to plan participants” for administrative services.

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July 15, 2025

U.S. Companies Start Passing Tariffs on to Consumers

Still, the U.S. core CPI rose by less than expected in June, thanks to falling prices on both new and used cars.

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July 15, 2025

Mexico’s ‘Cool Head’ Approach to Tariffs Put to the Test

After months of U.S. officials raving about Mexico’s cooperation on issues around border security, Trump threatened a 30% import tax—barely lower than the 35% rate faced by Canada, which has taken a much more confrontational tone with Trump while Mexico played nice.

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July 15, 2025

Trump Allies Open New Front in Battle with Powell

“The administration has fought to get Powell to lower rates, and to lower rates more quickly, and to get Powell out of office more quickly. It makes the concerns about the cost of renovation look like a pretense, and that’s not a healthy way to ensure ongoing credibility.”

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