Planet Business: Disney’s pay discrimination settlement, Warren Buffett’s children, and companies issuing profit warnings
An image of US president-elect Donald Trump is displayed on the floor of the New York Stock Exchange. Photograph: Timothy Clary/AFP via GettyWe’ve reached that strange time of year when 2025 still seems like little more than a theoretical concept, but the calendar is filling up regardless. Yes, it’s time to red-circle Monday, January 20th, as that’s whenNever mind the free trade deal agreed between the US, Mexico and Canada during his first term.
“No one will win a trade war or a tariff war,” the Chinese embassy in Washington DC said. Echoing the theme of mutually assured economic destruction, Mexican president Claudia Sheinbaum said Mexico would be forced to respond with tit-for-tat tariffs “until we put our common businesses at risk”. And Canadian prime minister Justin Trudeau, in the understatement of the month, described his dealings with Trump as “a relationship that we know takes a certain amount of working on”.
1. JD Sports: The sportswear and outdoorwear group saw its stock slump last week after it highlighted mild October weather as one of the reasons for increased trading volatility. 3. Vistry: The UK housebuilder has issued two profit warnings this autumn after revealing it had understated the total build costs on some projects. It is now poised to leave the FTSE 100.
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