big
Photo illustration of the Shein app on the App Store reflected in the Temu logo. Stefani Reynolds | Afp | Getty Images The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein’s business model in the United States. And yet the e-commerce companies are likely to remain a dominant […]
The latest reading of the Fed’s preferred inflation gauge showed inflation eased in March as investors brace for an uptick in pricing pressures following the implementation of President Trump’s tariff agenda. The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, […]
Trump’s tariffs continue to crush sentiment across the business and consumer worlds. New data out Monday morning from the Dallas Fed showed overall activity in its manufacturing survey fell to its lowest level since May 2020, as orders, utilization, shipments, and the outlook for business all plummeted. The Dallas Fed’s survey also comes along with […]
Trump’s tariffs continue to crush sentiment across the business and consumer worlds. New data out Monday morning from the Dallas Fed showed overall activity in its manufacturing survey fell to its lowest level since May 2020, as orders, utilization, shipments, and the outlook for business all plummeted. The Dallas Fed’s survey also comes along with […]
Bloomberg News reports: Gold (GC=F) fell further from last week’s record high as easing trade tensions instill new risk appetite into global markets. Bullion slid as much as 1.6% to touch $3,268, and has lost more than 5% since peaking above $3,500 on Wednesday.
Black communities across US take part in economic protests against big retailersPastors Charlie Dates and Jamal Harrison Bryant discuss how they are encouraging Black communities to “spend their dollars with dignity” and pressure big retailers to enact change.April 19, 2025 Source link
(Reuters) – Global chip stocks slumped on Wednesday after Washington curbed exports of an AI chip Nvidia had tailored for China, further cutting off the crucial growth market for semiconductors in a move that will cost the AI pioneer $5.5 billion in charges. Nvidia (NVDA) said the charges it would incur is a result of […]
Big tech has gained a major exemption from Donald Trump’s trade war after the US president exempted smartphones, computers and other electronics from the 125% levies imposed on imports from China as well as tariffs imposed on other countries. Experts had previously warned tariffs would cause electronic consumer prices to spike in the US, with […]
Big tech has gained a major exemption from Donald Trump’s trade war after the US president exempted smartphones, computers and other electronics from the 125% levies imposed on imports from China as well as tariffs imposed on other countries. Experts had previously warned tariffs would cause electronic consumer prices to spike in the US, with […]
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 7, 2025. Ahn Young-joon/AP hide caption toggle […]