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.
G7 finance chiefs vowed to address global economic imbalances and warned of possible tougher sanctions on Russia, despite some underlying differences.
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.
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.
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.
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.
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.
Visa launched a program to boost the fintech ecosystem by simplifying how businesses embed payments into their apps, aiming for smoother and faster integration.
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.
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.
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.
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.
Nvidia CEO says U.S. AI chip export curbs to China failed, costing billions. Biden's rules blocked China; Trump plans to modify them.
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.
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.
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.
To avoid Trump's China tariffs, companies are rushing to use bonded U.S. warehouses, where goods can be stored duty-free until sold.
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.
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.
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.
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.
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.
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.
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.