News

Fri, 23 May 2025 15:30:04 GMT

Apple raises prices in China

Apple raised iPhone trade-in values in China to boost sales. iPhone 15 Pro Max now gets up to ¥5,700, signaling efforts to regain market share.

Fri, 23 May 2025 12:30:04 GMT

G7 meeting

G7 finance chiefs vowed to address global economic imbalances and warned of possible tougher sanctions on Russia, despite some underlying differences.

Fri, 23 May 2025 09:30:05 GMT

Pennies in U.S. will be no more

The U.S. will stop making pennies, saving $56M yearly, as costs rose to 3.69 cents per coin. Trump called the coin "wasteful" in a February post.

Fri, 23 May 2025 06:30:03 GMT

The House passes big beautiful bill

The House passed Trump's major tax and spending bill 215-214, with GOP defections. Speaker Johnson calls it "generational" and aims for it to become law by July 4.

Fri, 23 May 2025 03:30:04 GMT

Walmart to cut workforce

Walmart plans to cut about 1,500 jobs to streamline operations, affecting roles in tech, U.S. e-commerce fulfillment, and its ad unit, Walmart Connect.

Thu, 22 May 2025 21:30:04 GMT

ECB expected to cut

The European Central Bank is expected to cut rates in June, but stronger economic data and rising inflation risks may lead to a pause in further rate cuts afterward.

Thu, 22 May 2025 18:30:05 GMT

Nestlé goes back to the core business

Nestlé CEO says the firm is refocusing on core business, moving away from weaker segments like supplements, and recovering U.S. market share despite tariffs.

Thu, 22 May 2025 15:30:04 GMT

Visa to create fintech program

Visa launched a program to boost the fintech ecosystem by simplifying how businesses embed payments into their apps, aiming for smoother and faster integration.

Thu, 22 May 2025 12:30:04 GMT

Nike to raise prices

Nike will raise prices on some adult apparel and gear by $2–$10 starting next week and resume selling products on Amazon after a six-year break.

Thu, 22 May 2025 09:30:05 GMT

Bitcoin reaches $110,000

Bitcoin reached a new all-time high of $111,348, rising 3% in 24 hours. It is up 17.5% year-to-date and 47% since its April low of $75,000.

Thu, 22 May 2025 06:30:05 GMT

Cars from Mexico to be tariffed

Mexico's economy minister said cars made in Mexico and sold in the U.S. will face a 15% tariff, not 25%, thanks to discounts—calling it a big advantage.

Thu, 22 May 2025 03:30:03 GMT

Trump presents Golden Dome missile shield

Trump chose a design for the $175B Golden Dome missile shield and named a Space Force general to lead the satellite-based defense against China and Russia.

Wed, 21 May 2025 21:30:04 GMT

Nvidia CEO wants export rules revised

Nvidia CEO says U.S. AI chip export curbs to China failed, costing billions. Biden's rules blocked China; Trump plans to modify them.

Wed, 21 May 2025 18:35:03 GMT

Inflation in UK Rises

UK inflation rose to 3.5% in April, above forecasts. Core inflation hit 3.8%, driven by energy, transport, and housing costs, despite recent cooling trends.

Wed, 21 May 2025 18:30:04 GMT

New spending bill to be approved by Republicans

Trump's tax and spending bill faces a key House test, with debates on Medicaid cuts, tax breaks, and more funding for immigration enforcement and less for aid.

Wed, 21 May 2025 15:30:04 GMT

Export in Japan slows

Japan's export growth slowed in April as U.S.-bound shipments fell, with businesses bracing for Trump's tariffs amid a fragile economic recovery.

Wed, 21 May 2025 12:30:04 GMT

Duty-free zones in U.S. on the rise

To avoid Trump's China tariffs, companies are rushing to use bonded U.S. warehouses, where goods can be stored duty-free until sold.

Wed, 21 May 2025 09:30:04 GMT

Elon Musk to stay in Tesla

Elon Musk said he'll stay Tesla CEO for at least five more years, valuing control of the company, despite rumors about the board seeking his successor.

Wed, 21 May 2025 06:30:05 GMT

Sweden proposes cash payments

Sweden's central bank backs cash use, proposing mandatory cash acceptance for essentials and stronger bank roles in cash handling amid pushback on going cashless.

Wed, 21 May 2025 03:30:05 GMT

Honda to cut EV budget

Honda is cutting EV investment to $48.4B from $68.7B by 2030, shifting focus to hybrids due to slowing EV demand, CEO Toshihiro Mibe said Tuesday.

Tue, 20 May 2025 21:30:03 GMT

Qualcomm to partner with Nvidia

Qualcomm will launch data center CPUs designed for AI that connect to Nvidia GPUs, aiming to enter the AI chip market dominated by Intel and AMD.

Tue, 20 May 2025 18:30:04 GMT

Pfizer to license drugs in China

Pfizer will license a cancer drug from China's 3SBio for up to $6B, including $1.25B upfront, and invest $100M in equity; 3SBio shares jumped 35% on the news.

Tue, 20 May 2025 15:30:03 GMT

China cuts rates to boost consumption

China cut lending and deposit rates for the first time since October to boost consumption and loan growth as the economy slows amid the Sino-U.S. trade war.

Tue, 20 May 2025 12:30:04 GMT

Nike to release some tech employees

Nike is laying off some tech division staff and shifting work to third-party vendors, the company said, noting the changes were announced last week.

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