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Wall Street experienced a significant rebound following a temporary US-China tariff truce, with the Dow surging over 1,000 points. However, Julius Baer strategists remain cautious, anticipating a complex and lengthy reso…
Digital bank Chime filed for its IPO, revealing some financial details in its S-1 paperwork. While specifics like share count and price remain undisclosed, Chime aims to raise potentially $1 billion. The filing shows sig…
American Eagle Outfitters announced disappointing first-quarter results, reporting a 5% revenue decline to approximately $1.1 billion and a projected operating loss of around $85 million. The company attributed the short…
ESPN's new direct-to-consumer streaming service, simply called ESPN, launches this fall at $29.99/month or $35.99/month bundled with Disney+ and Hulu. A promotional 12-month bundle price of $29.99 is also available. ESPN…
Newark Liberty Airport experienced severe air traffic control issues, including three communications blackouts and a critical shortage of controllers, leading to flight delays up to seven hours. The FAA attributed the pr…
A US-China trade deal has temporarily lowered tariffs, boosting market confidence. The US will reduce its tariff rate on Chinese goods from 145% to 30%, while China will lower its rate on US goods from 125% to 10% for 90…
Nissan announced plans to cut 11,000 more jobs globally and close seven factories. This follows a year of declining sales in major markets like China and the US, leading to significant financial losses. The additional cu…
Honda reported significantly lower-than-expected fourth-quarter earnings, with operating profit plummeting 76% due to US tariffs. Full-year revenue rose slightly to 21.69 trillion yen, but operating profit fell 12.2% to …
Christie's auction of the Riggio collection, featuring works by modern masters, yielded $272 million including buyer's fees, falling short of pre-sale expectations. Many pieces were presold to guaranteed bids, dampening …
Billy Evans, partner of convicted fraudster Elizabeth Holmes, is launching a new blood-testing company, Haemanthus. The company, which has already secured millions in funding, uses AI to analyze blood and other bodily fl…
Ticketmaster announced it will now include all fees upfront in ticket prices, coinciding with a new FTC rule mandating this practice. The company also launched a new queuing system designed to improve the ticket-buying e…
McDonald's announced plans to hire up to 375,000 workers this summer, its largest hiring target in years. This coincides with the 10th anniversary of its employee education program, "Archways to Opportunity." The move co…
US and China announced a 90-day truce in their trade war, leading to a significant stock market rally. Both countries agreed to temporarily reduce tariffs, easing recession fears. The S&P 500 surged 3.3%, nearing its all…
President Trump announced a 90-day pause on most US-China tariffs, with both countries temporarily slashing duties. The US will reduce tariffs to 30% from 145%, while China lowers them to 10% from 125%. Trump stated this…
The US faces a severe air traffic controller shortage, prompting the FAA to partner with five colleges, including Tulsa Community College, on an enhanced training program. Two Tulsa students, Murphy and Nobles, are gradu…
Donald Trump announced plans to use executive powers to slash US prescription drug prices by 30-80%, mirroring the lowest prices globally. This announcement triggered a significant sell-off in pharmaceutical stocks world…
Saudi Aramco reported a first-quarter profit of $26 billion, a 4.6% decrease year-over-year due to lower global oil prices. This decline impacts Saudi Arabia's ambitious development plans, including the $500 billion Neom…
China's CATL, the world's largest EV battery maker, is set to raise at least $4 billion in Hong Kong's biggest share sale of the year. The shares will be priced this week and begin trading on May 20. Despite US concerns …
Asian markets rallied Monday following positive weekend talks between US and Chinese officials in Geneva. Benchmark indexes in Japan and South Korea rose, while Hong Kong and Shenzhen saw approximately 1% gains. US Treas…
Donald Trump embarks on a Middle East tour, with Saudi Arabia, Qatar, and the UAE promising significant US investments. The geopolitical landscape has shifted since his last visit, with de-escalation of tensions with Ira…
U.S. Treasury Secretary Scott Bessent announced productive trade talks with China in Geneva, resulting in a deal. While details remain limited, Bessent and U.S. Trade Representative Jamieson Greer briefed President Trump…
OpenAI and Microsoft are renegotiating their multibillion-dollar partnership. OpenAI aims for an IPO, requiring restructuring away from its non-profit roots. A key sticking point is Microsoft's equity stake in exchange f…
Walgreens is expanding its use of robotic micro-fulfillment centers to fill prescriptions, aiming to improve efficiency and free up pharmacists for patient care. Initially deployed in 2021, the program was paused for upg…
Media companies are facing economic uncertainty as they present their programming to advertisers. This year's "Upfronts" are crucial, with marketers cautious about spending due to inflation and other economic factors. Wh…
Afina, a shower head company, conducted a real-world test comparing a $129 Chinese-made shower head to a $239 US-made version. Despite over 25,000 website visitors, zero US-made shower heads were purchased, while 584 Chi…