Nutella Peanut: Chicago factory to launch new flavor

 

Ferrero, the Italian candy giant, will launch Nutella Peanut, its first new flavor in 60 years, in April 2026. The new spread, developed over five years, will be produced exclusively at Ferrero's Franklin Park, Illinois factory, resulting in a $75 million investment and 65 new jobs. This Chicago-made...

Buffett Retires as CEO, Remains Chairman

 

Warren Buffett, the 94-year-old CEO of Berkshire Hathaway, announced his retirement at the company's annual meeting in Omaha, Nebraska. Tens of thousands attended the event, highlighting Buffett's immense popularity and the trust he's cultivated over six decades. He will remain chairman, with Greg Abel succeeding him as CEO...

European Stocks Rise on Trade Deal Hopes

 

European stocks opened higher on Friday, boosted by a new UK-US trade agreement and anticipation of US-China trade negotiations this weekend. The Stoxx Europe 600 index rose 0.4%, with the FTSE 100 and other major European indexes also gaining. This positive start follows Thursday's mostly positive close, despite...

Tariffs Hike Prices: Businesses Show Consumers the Cost

 

US tariffs imposed by President Trump are forcing businesses to raise prices, prompting many to transparently show the tariff costs to consumers. Small businesses, particularly vulnerable, are highlighting the impact on price tags to maintain customer trust, while larger companies like Amazon have considered similar measures, though denied plans...

Trump Announces Major US-UK Trade Deal

 

President Trump announced a new trade framework with the UK, marking the first such agreement since pausing some tariffs. The deal includes tariff adjustments on steel, aluminum, and autos, with the UK easing barriers on certain products in return. The agreement secures a $10 billion Boeing parts purchase...

US to Slash China Tariffs by More Than Half?

 

The Trump administration is considering cutting the 145% tariff on Chinese goods to 50-54%, potentially as early as next week. This follows high-level trade talks between US and Chinese officials in Switzerland. Simultaneously, tariffs on South Asian imports may drop to 25%. The reduction is reportedly linked...

Trump Grants Tariff Break to Luxury Cars, Not Toys

 

President Trump announced a reduced 10% tariff on British luxury cars like Rolls-Royce, Range Rover, and Aston Martin, exempting them from the 25% tariff on auto imports. However, he maintained steep tariffs on Mattel toys, despite the company's efforts to diversify its supply chain away from China. Trump justified...

Microsoft hikes Surface accessory, Xbox prices

 

Microsoft has increased prices on several Surface accessories, including the Surface USB-C Travel Hub and Surface Arc Mouse. This follows recent price hikes on Xbox consoles. While some Surface devices are still available at discounted prices from third-party retailers like Best Buy, these deals are expected to disappear...

US, UK Strike Partial Deal on Tariffs

 

The US and UK have reached an agreement to reduce tariffs on certain goods, offering relief to UK industries impacted by Trump-era tariffs. The deal includes lowering import taxes on 100,000 British cars annually to 10%, and slashing tariffs on steel and aluminum. While hailed as significant by...

Gates Doubles Charitable Giving to $200 Billion

 

Bill Gates announced he will double his charitable giving to $200 billion over the next 20 years, aiming to address global challenges like children's health and climate change. Motivated by a desire to avoid dying rich and inspired by Andrew Carnegie, Gates plans to give away "virtually all" his...