Consumers Brace for Price Hikes as Trump Administration Ends Duty-Free Imports from China
In a sweeping change to U.S.-China trade relations, the Trump administration has announced the termination of a duty-free exemption that permitted low...
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Business
Global economy, companies, markets, and financial trends.
Retailers Brace for Impact as Trade Tariffs Loom
Recent reports highlight the growing concerns among third-party sellers on platforms like Amazon regarding the impending effects of trade tariffs. Acc...
Delays and Cancellations Surge at Newark Liberty International Airport Amid FAA Staffing Shortages and Construction
Newark Liberty International Airport (EWR) is facing significant disruptions as delays and cancellations mount once again, attributed to air traffic c...
Seattle Ports Face Economic Turmoil Amid Tariff-Driven Cargo Decline
In an alarming development for the Seattle and Tacoma ports, recent trade data has revealed a significant reduction in cargo shipments expected in May...
Today’s FT: Cover to Cover on Any Device – A Path to Quality Journalism
In the latest edition of the Financial Times (FT), readers are encouraged to subscribe for complete access to their high-quality journalism across any...
McDonald's Faces Decline as Consumer Demand Weakens Amidst Sales Forecast Woes
McDonald's, the global fast-food behemoth, is set to unveil its first-quarter earnings on Thursday, with Wall Street analysts from LSEG projecting a c...
Stock Futures Rise as Big Tech Reports Strong Earnings While Tesla Faces Leadership Uncertainty
U.S. stock futures surged early Thursday following positive quarterly results from major technology companies, specifically Meta Platforms and Microso...
Wall Street Recovers from Early Losses Amid Trade War Uncertainty
In a remarkable turnaround, U.S. stocks staged a recovery after significant early losses, reflecting the volatility that has characterized recent mark...
Microsoft Shares Surge More Than 8% After Strong Quarterly Results Fuelled by Azure Growth
Microsoft Corporation saw its stock price rise by over 8% in extended trading following the release of their quarterly financial results, which surpas...
Financial Uncertainty Looms as Majority of Americans Brace for Possible Recession
The news indicates that financial markets are presently volatile, and consumer confidence has dipped to its lowest level in five years. With rising co...
Visa's AI Initiative Aims to Revolutionize Online Shopping with Payment Integration
In a bold move to enhance the digital shopping experience, Visa has announced its partnership with leading AI developers including Anthropic, Microsof...
Meta Reports Strong Q1 Earnings, Stocks Rise Despite Economic Concerns
Meta Platforms announced a remarkable first-quarter earnings report that surpassed expectations, unveiling a revenue of $42.31 billion—a 16% increase ...
Alphabet CEO Sundar Pichai argues DOJ proposal is a threat to Google's core business
In a significant moment during the ongoing antitrust trial involving Google, CEO Sundar Pichai testified on Wednesday that the Department of Justice's...
Trump's Tariff Tweaks Seem to Favor Tesla Over Traditional Automakers
In recent developments surrounding President Donald Trump’s tariffs on the automotive industry, the effects on major players like the Big Three carmak...
Microsoft's Commitment to European Data Protection Amid Rising Geopolitical Tensions
In an assertive move to reassure its European customers, Microsoft President Brad Smith stated during a recent event in Brussels that the tech giant i...
UPS to Cut 20,000 Jobs and Close 73 Facilities Amid Changing Business Landscape
In a significant restructuring move, United Parcel Service (UPS) has announced plans to reduce its workforce by approximately 20,000 employees and shu...
Yum! Brands Experiences Mixed Results as Pizza Hut Struggles in Q1 Earnings Report
Yum! Brands (NYSE:YUM) reported mixed results for the first quarter ending March 31, leading to a slight dip in its stock during early trading on Wedn...
Eurozone Economy Surprises with 0.4% Growth Amidst Trade Tensions
The eurozone economy outperformed expectations at the beginning of the year, indicating a growth of 0.4 percent in the first quarter, as reported by E...
Novartis to Acquire Regulus Therapeutics for Up to $1.7 Billion
In a significant move in the biopharmaceutical sector, Regulus Therapeutics Inc. has announced its agreement to be acquired by Novartis AG for a total...
U.S. Economy Contraction Raises Recession Fears Amid Trade War Tensions
The U.S. economy experienced a contraction of 0.3% in the first quarter of 2025, sparking concerns about a potential recession as President Donald Tru...