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.
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.
The U.S. economy grew faster in Q2, boosted by AI and equipment investments, with higher consumer spending, though import tariffs remain a concern.
YouTube and Fox reached a deal to keep Fox News, Fox Sports, and other Fox channels on YouTube TV. Financial terms were not disclosed.
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.
CrowdStrike shares fall after a weak Q3 revenue forecast, as last year's outage and related discounts continue to impact subscription timing.
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.
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.
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.
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.
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.
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.
T-Mobile launched its "SuperMobile" plan with satellite connectivity and network slicing, offering faster, more reliable service to attract enterprise clients.
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.
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.
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.
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.
Norway's $2T wealth fund divested from Caterpillar and five Israeli banks on ethical grounds, citing concerns over their business practices.
AT&T will buy wireless spectrum licenses from EchoStar for $23B to strengthen its network after FCC and Trump urged a deal.
China is sending Vice Commerce Minister Li Chenggang to Washington this week, signaling progress in trade talks after Trump extended the tariff truce.
Trump fired Fed Governor Lisa Cook over alleged mortgage misstatements, challenging norms of presidential power over the independent central bank.
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.
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.
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.