Latest news →Find published stories by month and topic.
Apple CEO Tim Cook announced that tariffs could increase Apple's costs by $900 million this quarter. To mitigate this, Apple is shifting the majority of US iPhone production to India, diversifying its supply chain away f…
Apple's Q2 earnings revealed mixed results, with stocks dropping over 3% after-hours. The company anticipates $900 million in added costs due to potential tariffs, though customer buying patterns weren't significantly af…
Shell reported stronger-than-expected first-quarter profits of $5.58 billion, exceeding analyst predictions, despite a 28% year-on-year decline. This beat expectations by approximately $0.6 billion. The company announced…
The US is closing a duty-free loophole for low-value packages, impacting online retailers like Shein and Temu. This "de minimis" exemption, allowing imports under $800 without duties, is being eliminated due to concerns …
The S&P 500 rallied for its eighth consecutive day, up 0.6%, boosted by strong performances from Microsoft and Meta. Microsoft's strong cloud and AI results sent its shares soaring 7.6%. However, negative forward guidanc…
President Trump's softened automotive tariffs will ease price increases but not prevent them entirely. Experts predict rising car prices, especially for models with high percentages of imported parts. Domestically-focuse…
Apple's fiscal second-quarter earnings beat revenue expectations at $95.36 billion, exceeding analyst predictions. However, the Services unit and Greater China sales fell short of forecasts, causing a more than 3% stock …
Amazon exceeded Q1 earnings expectations, reporting $155.67 billion in sales and $1.59 EPS, surpassing analyst predictions. However, Q2 guidance fell short of Wall Street's projections, forecasting $13.0 billion to $17.5…
The EU is in trade negotiations with the US to avoid a transatlantic trade war. EU Trade Commissioner Maroš Šefčovič stated that the EU aims to increase US goods purchases by €50 billion to address the trade deficit. Whi…
Kohl's Corp. fired CEO Ashley Buchanan for cause, citing undisclosed conflicts of interest involving vendor transactions and a consulting agreement with an individual he had a personal relationship with. Buchanan must fo…
Tesla's board reportedly began seeking a potential successor for Elon Musk a month ago, amid falling sales, shrinking profits, and Musk's focus on political endeavors. The board expressed concerns to Musk about his divid…
GM CEO Mary Barra reported a 2% revenue increase and strong EV sales, solidifying their position as the second-largest US EV seller behind Tesla. However, Trump's fluctuating tariffs are projected to cost GM $4-$5 billio…
McDonald's first-quarter same-store sales unexpectedly fell 1% globally, missing Wall Street's forecast of a nearly 2% increase. The U.S. saw the steepest decline at 3.6%, its worst performance since 2020, attributed to …
A federal judge ruled that Apple deliberately circumvented a 2021 order to allow developers to use external links for purchases outside the App Store. The judge found Apple intentionally chose the most anti-competitive o…
Eric Trump's recent Gulf trip involved securing new Trump Organization deals in Qatar and Dubai, including a branded golf club and luxury villas, and a new hotel. These deals raise concerns about potential conflicts of i…
General Motors (GM) projects $4-$5 billion in losses this year due to the Trump administration's tariffs on imported cars and auto parts. Despite this, CEO Mary Barra stated that GM doesn't plan to raise car prices to of…
McDonald's reported its worst US sales drop in five years, a 3.6 percent decline in same-store sales during the March quarter. This is attributed to lower customer counts amid economic uncertainty fueled by Trump-era tar…
GM lowered its 2025 financial guidance, projecting net income of $8.2 billion to $10.1 billion, down from previous estimates. This revised forecast incorporates the impact of recent trade policy changes, including tariff…
McDonald's reported mixed first-quarter results, with U.S. same-store sales falling 3.6%, the worst decline since the pandemic's onset. This exceeded analyst predictions of a 1.7% drop, attributed to bad weather and caut…
Ford showcased its Ohio manufacturing operations, highlighting the Sharonville transmission plant producing parts for vehicles like the Lincoln Navigator and Ford Expedition. The company welcomed President Trump's measur…
West Coast ports are experiencing a significant drop in cargo shipments from Asia in May, down by approximately 40% compared to typical levels. Port commissioners attribute this to high tariffs, particularly the 145% tar…
A federal judge ordered Apple to stop collecting commissions on some app sales, concluding a five-year antitrust case brought by Epic Games. Judge Yvonne Gonzalez Rogers criticized Apple for defying a previous ruling tha…
The Trump Organization announced a deal to build a luxury golf resort in Qatar, its first foreign deal since Donald Trump's presidency. The project, involving Saudi Arabian firm Dar Global and Qatari Diar, a government-o…
Paramount Global is considering a multi-million dollar settlement to resolve Donald Trump's defamation lawsuit against CBS News's 60 Minutes. The decision follows Shari Redstone, Paramount's controlling shareholder, expr…
Microsoft exceeded quarterly earnings expectations, driven by strong cloud division growth fueled by AI services. Revenue rose 13% to $70.1 billion, and net income increased 18% to $25.8 billion. Cloud computing revenue …