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PepsiCo reported mixed Q1 results, with international sales offsetting weaker North American demand. Earnings per share were slightly below expectations ($1.48 vs $1.49), while revenue slightly exceeded predictions ($17.…
Global markets experienced a downturn on Thursday, reversing recent gains, after China denied ongoing trade negotiations with the US. Asian markets showed mixed results, while European benchmarks fell. US futures indicat…
Oil companies initially anticipated a boom under Trump's administration, but rising costs due to the trade war and economic uncertainty are dampening enthusiasm. The San Juan Basin, an old drilling area, is struggling, w…
Southwest Airlines, along with other US carriers like Alaska Air Group, Delta, and Frontier, withdrew its financial forecast due to macroeconomic uncertainty stemming from President Trump's trade war. Weakening travel de…
Eli Lilly is suing four telehealth companies – Mochi Health, Willow Health, Fella Health, and Delilah and Henry Meds – for illegally selling compounded versions of its weight-loss drug, tirzepatide. These companies alleg…
Southwest Airlines announced a reduction in its second-half capacity due to weaker domestic bookings. The airline anticipates flat to 4% lower unit revenue in the second quarter compared to the previous year and has with…
US stocks surged, with the Nasdaq and S&P 500 gaining 3% and 2%, respectively, following President Trump's softened stance on China tariffs and assurance that he won't remove Federal Reserve Chairman Jerome Powell. Trump…
US Treasury Secretary Scott Bessent insists any US-China trade war de-escalation must be mutual, contradicting reports of President Trump unilaterally cutting tariffs. Bessent stated the current high tariffs are unsustai…
Washington state faces a $16 billion budget deficit, prompting proposed tax increases that worry business leaders. Seattle's tech sector, responsible for 1.5 million jobs and 22% of the state's economy, is particularly c…
Chipotle Mexican Grill reported weaker-than-expected second-quarter revenue, marking its first same-store sales decline since 2020. The decrease, to $2.88 billion versus the expected $2.95 billion, is attributed to reduc…
Kevin Systrom, Instagram co-founder, testified at Meta's monopoly trial, accusing Mark Zuckerberg of deliberately hindering Instagram's growth out of jealousy. Systrom claims Zuckerberg diverted resources after the Faceb…
U.S. crude oil inventories rose by 200,000 barrels the week ending April 18, contradicting a prior API report showing a 4.565 million barrel draw. Despite this increase, gasoline and distillate inventories decreased sign…
US Treasury Secretary Scott Bessent hinted at a potential major trade deal with China, stating a willingness to negotiate and rebalance the economy together. This announcement followed President Trump's statement that ta…
The European Union fined Apple €500 million and Meta €200 million for violating the Digital Markets Act. Apple's violation involved restricting app developer communication with customers, while Meta's involved a 'consent…
Porsche unveiled the limited-edition 911 Spirit 70, a Carrera GTS Cabriolet with a 1970s-inspired design. The Olive Neo paint features vintage stripes and a unique Porsche crest. The interior boasts a Pasha pattern, a te…
XRP's price surged above $2.00, mirroring gains in Bitcoin, Ethereum, and Solana. President Trump clarified he won't fire Fed Chair Powell but urged rate cuts. This, along with potential US-China trade progress, boosted …
Global markets rebounded Wednesday following President Trump's assurance that he wouldn't fire Federal Reserve Chair Jerome Powell and Treasury Secretary Mnuchin's optimistic outlook on the US-China trade war. Tuesday's …
Texas Lottery Commission Executive Director Ryan Mindell resigned amidst multiple investigations into nearly $200 million in jackpots won in 2023 and 2024. Investigations, ordered by Gov. Greg Abbott and Attorney General…
Tesla's Q1 2025 earnings call is highly anticipated, but for concerning reasons. The company faces low margin expectations, weak sales (336,681 deliveries, its worst in over two years), and pressure from competitors. Mus…
US stocks rebounded strongly on Tuesday, with the Dow Jones, S&P 500, and Nasdaq Composite experiencing significant gains after Monday's sell-off. The market's rise followed a report that Treasury Secretary Scott Bessent…
US President Trump's tariffs on Chinese imports are disrupting the retro handheld gaming market. Anbernic has suspended US shipments of its RG35XX Plus, joining Retroid Pocket, which is rushing to fulfill orders before t…
Gold prices retreated after hitting a record high of over $3,500 per ounce. The drop, reaching 1.5%, followed a 10% rally this month. Traders booked profits as risk appetite improved, with equities rebounding and bonds a…
RTX and GE Aerospace anticipate over $1 billion in combined losses due to President Trump's tariffs on imported goods. RTX projects an $850 million hit from the 10% tariffs imposed earlier this month, while GE Aerospace,…
Tesla faces a sales slump and stock woes amid worldwide protests against CEO Elon Musk's role in the Trump administration. The company's upcoming earnings report will reveal the financial impact. Shareholders are calling…
Roche, a Swiss pharmaceutical giant, announced a $50 billion investment in the United States over the next five years, creating 12,000 jobs. The investment will focus on expanding research and development and manufacturi…