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China's recent restriction on rare earth mineral exports has spurred immediate action from US companies. MP Materials, operator of America's only rare earth mine, is halting ore shipments to China due to tariffs and expo…
US rare earth miner MP Materials has stopped concentrate shipments to China due to 125% retaliatory tariffs, impacting 80% of its previous revenue. This move aligns with US efforts to build a domestic supply chain, despi…
A federal judge has ruled that Google illegally used its online marketing technology to boost profits, marking the second time in less than a year Google has been deemed an abusive monopolist. The ruling follows an Augus…
President Trump issued an executive order aimed at revitalizing the American seafood industry. The order seeks to reduce overregulation hindering domestic fishermen, combat unfair foreign trade practices, and increase th…
US stocks showed mixed results Thursday, influenced by President Trump's comments on trade deals and his criticism of Federal Reserve Chair Jerome Powell. While Trump touted imminent trade agreements with Europe and Chin…
Netflix exceeded Q1 2025 expectations, reporting $10.54 billion in revenue (12.5% increase) and $6.61 earnings per share. This marks the first quarter without subscriber count disclosure, as Netflix prioritizes financial…
UnitedHealth Group's lowered 2025 forecast sent its stock plummeting 22%, dragging down the broader health insurance sector. The S&P 500 healthcare sector fell 0.6%, impacting other major insurers like Humana, Elevance H…
Australian crypto entrepreneur Mario Nawfal's X account has gained significant traction due to frequent interactions with Elon Musk. Musk's endorsements have boosted Nawfal's visibility, leading to interviews with numero…
Netflix reports first-quarter earnings Thursday, omitting subscriber data for the first time, focusing instead on revenue and other financial metrics. Despite market turmoil impacting other media companies, Netflix stock…
US stocks plummeted Wednesday, with the S&P 500 down 2.2%, due to Nvidia's warning of billions in losses from China export restrictions and growing uncertainty surrounding Trump's trade war. The Dow dropped 1.7% and Nasd…
Shein and Temu, popular Chinese online retailers, announced price increases for US customers starting April 25th. This follows President Trump's re-imposition of tariffs on Chinese goods, reaching up to 245% on some item…
Nvidia's stock plunged nearly 7% after announcing a $5.5 billion charge due to US export restrictions on AI chips to China. The restrictions require export licenses for its H20 chips, impacting sales. Despite the drop, a…
Nvidia's stock dropped nearly 7% after the US government imposed export restrictions on its H20 chips to China, leading to a $5.5 billion charge. Morgan Stanley analysts lowered revenue projections, estimating an 8-9% hi…
Mark Zuckerberg testified in a US FTC antitrust lawsuit against Meta, defending the acquisitions of WhatsApp and Instagram. He argued that he bought WhatsApp to adapt to shifting communication trends and leverage against…
Meta CEO Mark Zuckerberg testified during an antitrust trial that Snapchat's growth would have been faster had Meta acquired it in 2013 for $6 billion. Zuckerberg's testimony supports the FTC's argument that Meta strateg…
The UK government took emergency control of the Scunthorpe steel plant, preventing its potential closure by Chinese owner Jingye. This action avoids Britain becoming the only G7 nation unable to produce virgin steel. The…
Chinese suppliers are using TikTok to circumvent President Trump's tariffs on goods from China. Videos showcasing purported manufacturers of luxury brands like Lululemon and Chanel, offering significantly lower prices, h…
Lego parent company Kirkbi's vice chair, Michael Halbye, 64, died Saturday from internal bleeding after a skiing accident in Switzerland. Halbye, who joined Kirkbi's board in 2020 and became vice chair in 2022, was also …
Japan's top trade negotiator is in Washington for talks with the Trump administration on tariffs, marking the first bilateral meeting since Trump's recent tariff announcements. The talks cover tariffs, military support c…
Amid escalating trade tensions with the US, China has appointed Li Chenggang as its new trade envoy. Li, a former WTO ambassador, replaces Wang Shouwen. This comes as China's economy, while showing 5.4% GDP growth in Q1,…
United Airlines issued two full-year earnings estimates, one based on its January forecast and a revised one accounting for a potential recession, highlighting economic uncertainty. This unusual move reflects volatility …
US stocks dipped Tuesday despite positive corporate earnings from Bank of America and Citigroup, which exceeded analyst expectations. The Dow Jones Industrial Average fell 0.38%, the S&P 500 by 0.17%, and the Nasdaq by 0…
Around 22,000 IRS employees, or roughly 25% of the workforce, plan to accept buyouts and resign, following a deadline on Tuesday. This is the second round of buyouts offered by the Trump administration, aiming to signifi…
US Senators Warren and Banks are investigating rising fire engine prices and delivery delays, impacting public safety. Dozens of fire departments reported issues, including defective parts. The senators suspect private e…
United Airlines reported a Q1 profit of $387 million, exceeding expectations, but will cut domestic flights by 4% starting in Q3 due to softening domestic demand. International bookings remain strong, particularly for pr…