Salmonella Concerns Lead to Tomato Recalls Across 11 States
In a significant public health alert, the Food and Drug Administration (FDA) has issued a recall of vine-ripe tomatoes sourced from Ray & Mascari Inc....
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Business
Global economy, companies, markets, and financial trends.
U.S. Crude Oil Futures Plummet Over 4% Amid OPEC+ Production Surge
In a striking turn of events, U.S. crude oil futures experienced a notable decline of more than 4% on Sunday, marking a concerning trend for the energ...
Federal Reserve Expected to Hold Rates Despite Economic Uncertainty
The Federal Open Market Committee (FOMC) meeting starting May 6, 2025, is expected to conclude without any interest rate cuts, as Wall Street closely ...
U.S. Stock Market Recovers Rapidly After Trump's Tariff Shock
In a dramatic turn of events, the U.S. stock market has rebounded from significant losses triggered by President Donald Trump's unexpected announcemen...
Today’s FT: Digital Access Offers Quality Journalism with Savings
In today's financial landscape, staying informed is crucial. The Financial Times (FT) has rolled out a subscription model that promises essential digi...
Tariffs are here, and they're affecting some of the biggest consumer brands.
The recent imposition of tariffs, particularly on goods from China, is reshaping the landscape for major consumer brands and retailers in the U.S. Com...
Traffic is down at America’s busiest port complex – and anxious dock workers are fearful of further economic harm
In a concerning development for the American economy, traffic has significantly decreased at the Port of Los Angeles and the Port of Long Beach, the t...
OPEC+ Accelerates Oil Production Hikes Amid Falling Prices and Economic Concerns
In a significant development for the global oil market, OPEC+ has announced its decision to accelerate oil production hikes for the second consecutive...
Trump Credits Economy Gains to Himself, Blames Biden for Shortfalls
In a recent exclusive interview with NBC News, President Donald Trump emphasized that the positive aspects of the current economy are a result of his ...
Trump's 25% Tariff on Imported Car Parts Set to Begin, Causing Economic Shift
In Rio Rancho, New Mexico, Leonard Montoya, an automotive shop owner, expressed a mixture of concern and optimism regarding the 25% tariff imposed by ...
OPEC+ Faces Critical Decisions as Oil Prices Fall Below $60 Amid Internal Tensions
Brent crude oil prices saw a significant drop nearing 1% by late Friday morning, settling at $61.56—an alarming level not witnessed since early 2021. ...
President says U.S. economy will undergo ‘transition period’
In a striking defense of his economic policies, President Donald Trump sought to reassure the nation amidst growing recession fears, proclaiming that ...
Warren Buffett Plans to Hand Over Berkshire Hathaway to Greg Abel by End of 2025
In a surprising announcement, billionaire investor Warren Buffett disclosed during the recent shareholder meeting that he plans to hand over the leade...
Warren Buffett Urges U.S. to Steer Clear of Trade Weaponization at Berkshire Hathaway Annual Meeting
At the annual shareholder meeting of Berkshire Hathaway, often celebrated as the 'Woodstock for Capitalists,' Warren Buffett, the investment magnate, ...
Stocks Rally Strongly as U.S. Economy Shows Signs of Strength and Trade Talks Progress
On Friday, U.S. stock markets experienced significant gains, hinting at a burgeoning optimism surrounding the U.S. economy and the potential for posit...
Warren Buffett Plans to Step Down as CEO of Berkshire Hathaway by Year-End
In a significant moment for the investment community, Warren Buffett, the storied CEO of Berkshire Hathaway, has announced his intent to retire by the...
OPEC+ Embraces Low-Price Strategy to Punish Non-Compliant Members and Align with U.S. Interests
In a significant shift in strategy, OPEC+ has introduced a surge in oil production that signals a sharp deviation from its previous efforts to uphold ...
Passengers Face Major Delays at Newark Liberty Airport Amid Air Traffic Control Staffing Crisis
Travelers flying to or from Newark Liberty International Airport experienced significant delays and cancellations on Saturday due to a shortage of air...
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...
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...