News

Fri, 29 Aug 2025 21:30:04 GMT

Tariff exemption ends in the U.S

The U.S. ended the $800 tariff exemption on imports, raising costs for e-commerce, small businesses, and consumers. A flat $80–$200 duty applies for six months.

Fri, 29 Aug 2025 18:30:03 GMT

Nike to cut corporate staff

Nike will cut under 1% of its corporate staff as CEO Elliott Hill drives a turnaround, boosting shoe lines, retail ties, and store presence to battle competition.

Fri, 29 Aug 2025 15:30:06 GMT

GDP number revised in U.S

The U.S. economy grew faster in Q2, boosted by AI and equipment investments, with higher consumer spending, though import tariffs remain a concern.

Fri, 29 Aug 2025 12:30:04 GMT

YouTube and Fox reaches a deal

YouTube and Fox reached a deal to keep Fox News, Fox Sports, and other Fox channels on YouTube TV. Financial terms were not disclosed.

Fri, 29 Aug 2025 09:30:05 GMT

Fed Governor Faces Legal Battle

A historic legal fight is brewing between President Donald Trump and Federal Reserve Governor Lisa Cook. The confrontation raises questions about the political independence of the central bank and could affect financial markets.

Fri, 29 Aug 2025 06:30:05 GMT

CrowdStrike falls

CrowdStrike shares fall after a weak Q3 revenue forecast, as last year's outage and related discounts continue to impact subscription timing.

Fri, 29 Aug 2025 03:30:05 GMT

BMW CEO sees hurdles in car manufacturing industry

BMW CEO Oliver Zipse warns the auto industry faces a tough shake-up, urging caution as BMW bets big on its revamped electric vehicle lineup.

Thu, 28 Aug 2025 21:30:06 GMT

Nvidia CEO sees future growth

Nvidia CEO Jensen Huang expects AI chip demand to grow into a multi-trillion-dollar market, but shares fell 1.56% on a weak Q3 sales forecast.

Thu, 28 Aug 2025 18:30:11 GMT

Asia boosts U.S. grain imports

Southeast Asian nations plan to boost U.S. grain and oilseed imports under trade deals, reshaping global flows and displacing supply from Australia, Canada, and Russia.

Thu, 28 Aug 2025 15:30:07 GMT

Berkshire Hathaway buys a stake in Mitsubishi

Berkshire Hathaway raised its stake in Japan's Mitsubishi to 10.23% and increased its holding in Mitsui, signaling stronger investment in Japanese trading firms.

Thu, 28 Aug 2025 12:30:10 GMT

GE Aerospace workers strike

Over 600 UAW workers at GE Aerospace plants in Ohio and Kentucky went on strike after contract talks failed, affecting engine production and parts supply.

Thu, 28 Aug 2025 09:30:08 GMT

Nvidia falls on good results

Nvidia shares fell as uncertainty looms over its China business, with sales excluded from forecasts despite a tentative deal with Trump to resume chip exports.

Thu, 28 Aug 2025 06:30:04 GMT

T-Mobile to offer new phone plan

T-Mobile launched its "SuperMobile" plan with satellite connectivity and network slicing, offering faster, more reliable service to attract enterprise clients.

Thu, 28 Aug 2025 03:30:04 GMT

adults fear AI in the UK

Half of UK adults fear AI's impact on jobs, with 62% of 25–34-year-olds most worried, as big firms like BT, Amazon, and Microsoft hint at future job cuts.

Wed, 27 Aug 2025 21:30:05 GMT

Tariffs on India in action

Trump's tariff hike on Indian goods to as high as 50% took effect, escalating trade tensions between the two nations over issues like Russian oil purchases.

Wed, 27 Aug 2025 18:30:05 GMT

Ford to recall vehicles

Ford is recalling over 355,000 U.S. vehicles due to an instrument panel display issue; software updates will be provided by dealers or via over-the-air updates.

Wed, 27 Aug 2025 15:30:03 GMT

Porsche CEO becomes Volkswagen CEO

Porsche has begun searching for a new CEO as Oliver Blume steps down to focus on leading Volkswagen, addressing shareholder concerns over his dual role.

Wed, 27 Aug 2025 12:30:04 GMT

Norway's wealth fund moves away Caterpillar and Israel

Norway's $2T wealth fund divested from Caterpillar and five Israeli banks on ethical grounds, citing concerns over their business practices.

Wed, 27 Aug 2025 09:30:04 GMT

AT&T buys new licences

AT&T will buy wireless spectrum licenses from EchoStar for $23B to strengthen its network after FCC and Trump urged a deal.

Wed, 27 Aug 2025 06:30:06 GMT

China sends its best to Washington

China is sending Vice Commerce Minister Li Chenggang to Washington this week, signaling progress in trade talks after Trump extended the tariff truce.

Wed, 27 Aug 2025 03:30:05 GMT

Trump fires Fed chair

Trump fired Fed Governor Lisa Cook over alleged mortgage misstatements, challenging norms of presidential power over the independent central bank.

Tue, 26 Aug 2025 21:30:04 GMT

South Korea to invest in U.S.

South Korea pledged $150B in U.S. investments at the Trump-Lee summit and agreed on a plan to direct $350B in funds to help ease U.S. tariff threats on Korean goods.

Tue, 26 Aug 2025 18:30:05 GMT

U.S. consumers behind on debt

U.S. consumers with top credit scores are falling behind on debt, with 90+ day late payments up 109% year-over-year for superprime borrowers and 47% for prime.

Tue, 26 Aug 2025 15:30:04 GMT

Poland's consumer watchdog accuses Netflix

Poland's UOKiK accused Netflix of raising subscription fees by up to $1.92 in Aug 2024 without explicit user consent, violating consumer protection rules.

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