End of De Minimis Exemption Hits E-Commerce Retailers from China Hard
As of May 2, 2024, packages arriving in the United States from China no longer qualify for the de minimis exemption, which had previously allowed duty...
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Business
Global economy, companies, markets, and financial trends.
Auto Parts Subject to 25% Tariff: Implications for the Automotive Industry
On May 3, a significant shift in the automotive landscape occurred as new tariffs were imposed on auto parts, now subject to a 25% duty. This move has...
United Airlines to Cancel 35 Daily Flights from Newark Amid Ongoing Delays
In a significant move reflecting ongoing challenges in the aviation sector, United Airlines announced Friday that it will cancel 35 roundtrip flights ...
Warren Buffett's Indicator Suggests Time to Buy Amidst Market Volatility
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has provided new insights into the current state of the stock market through his ...
Palantir Technologies Positioned to Capitalize on AI Boom Amid Volatile Market Conditions
The financial landscape is abuzz with the narrative surrounding Palantir Technologies (PLTR), as it has discovered a unique position within the burgeo...
U.S. Economy Contracts as Trump Blames Biden Amid Rising Trade Tensions
In a report released on Wednesday, the U.S. Commerce Department's Bureau of Economic Analysis indicated that the U.S. economy contracted at an annual ...
U.S. Job Growth Slows Amid Trump’s Trade War Pressures
In a recent report from the Labor Department, U.S. employers added 177,000 jobs in April 2025, a decline from March when 185,000 jobs were added. Desp...
Chinese bargain retailer Temu adapts to new U.S. trade rules as de minimis loophole ends
In a significant shift to its business approach, Chinese discount retailer Temu has amended its offerings in the U.S. following the conclusion of the ...
Wall Street Extends Gains to Longest Winning Streak Since 2004 Amid Job Market Optimism and Trade War Hopes
On Friday, Wall Street marked a significant milestone by extending its winning streak to nine consecutive days—the longest since 2004. This rally foll...
After Google lost its first monopoly trial, government asks it to sell off units of its core internet ads business
In a landmark development for antitrust regulation in the tech sector, U.S. District Judge Leonie Brinkema recently ruled that Google has been operati...
Trump Declares 'No Inflation' Amid Conflicting Economic Data
In a spirited post on Truth Social, former President Donald Trump proclaimed that the economy is thriving, asserting that 'no inflation' exists and ca...
U.S. Economy Adds 177,000 Jobs in April Amid Trade War Uncertainty
In a surprising twist, the U.S. job market has shown resilience despite ongoing turbulence from President Trump's trade war. The Labor Department's la...
Fortune Media Faces Scrutiny Over Subscription Models and Content Accessibility
In an increasingly competitive digital landscape, Fortune Media IP Limited continues to offer subscription-based journalism, priding itself on deliver...
Tesla Faces Significant Sales Decline in Europe Amid Political Backlash Against Elon Musk
Tesla's sales in several European countries have seen drastic declines, with recent reports highlighting an 80.7% drop in Sweden, a 67.2% decrease in ...
Warren Buffett Breaks Silence Amid Market Turmoil at Berkshire Hathaway Annual Meeting
Warren Buffett, the legendary investor and face of Berkshire Hathaway, is set to address the pressing questions surrounding market dynamics, tariffs, ...
Consumers Brace for Price Hikes as Trump Administration Ends Duty-Free Imports from China
In a sweeping change to U.S.-China trade relations, the Trump administration has announced the termination of a duty-free exemption that permitted low...
Retailers Brace for Impact as Trade Tariffs Loom
Recent reports highlight the growing concerns among third-party sellers on platforms like Amazon regarding the impending effects of trade tariffs. Acc...
Delays and Cancellations Surge at Newark Liberty International Airport Amid FAA Staffing Shortages and Construction
Newark Liberty International Airport (EWR) is facing significant disruptions as delays and cancellations mount once again, attributed to air traffic c...
Seattle Ports Face Economic Turmoil Amid Tariff-Driven Cargo Decline
In an alarming development for the Seattle and Tacoma ports, recent trade data has revealed a significant reduction in cargo shipments expected in May...
Today’s FT: Cover to Cover on Any Device – A Path to Quality Journalism
In the latest edition of the Financial Times (FT), readers are encouraged to subscribe for complete access to their high-quality journalism across any...