Amazon Warns Prices Could Rise Due to China Tariffs
CEO Andy Jassy Says Tariff Costs Likely Passed to Consumers Amazon shoppers may soon see higher prices as a result of the U.S.–China tariff war. During an interview on CNBC’s “Squawk Box,”
China Moves to Stabilize Yuan Amid Tariff Pressure
PBOC Cracks Down on Dollar Buys to Support Yuan China’s central bank is taking steps to prevent a sharp yuan decline as pressure mounts from new U.S. tariffs. Sources say the People’s
Mortgage Rates Spike After Tariff-Driven Volatility
Mortgage Rates Climb After Weeks of Relative Calm Mortgage rates surged this week, breaking a period of stability, as Trump’s tariff announcement triggered inflation concerns and rattled the bond market. According to
U.S. Egg Prices Hit New High Despite No Bird Fl
U.S. egg prices surged again last month, reaching a new record of $6.23 per dozen. This comes despite President Trump’s optimistic projections, a decline in wholesale prices, and no recent bird flu
Tariff Whiplash Hits Wall Street After Historic Rally
Just one day after a historic surge lifted investor spirits, Wall Street is once again reeling. Despite President Trump’s temporary rollback of certain “reciprocal” tariffs, the damage from previous trade policies is
EU Unveils AI Action Plan to Compete with U.S. and China
European Commission’s AI Continent Action Plan On Wednesday, the European Union presented an ambitious plan to strengthen its artificial intelligence (AI) industry and better compete with global giants like the U.S. and
Oil Prices Plunge to Four-Year Low Amid Escalating Trade War
Trade War Escalates, Oil and Other Commodities Hit Hard Oil prices tumbled to a four-year low as the escalating trade war between the U.S. and China weighed heavily on global energy demand.
Indonesia Central Bank to Intervene as Rupiah Hits Record Low
Bank Indonesia to Act Boldly Amid Global Trade Tensions Indonesia’s central bank, Bank Indonesia (BI), announced its intention to take bold steps to stabilize the rupiah, which has hit a record low
Delta Air Lines Halts Expansion Amid Trade Concerns
Delta Adjusts Financial Outlook Due to Trade Policy Impact Delta Air Lines will not expand its flying capacity in the second half of the year due to disappointing bookings attributed to President
Google Workspace Gets AI Upgrades with New Features
Introducing Workspace Flows and AI-Powered Tools Google is upgrading Workspace, its suite of cloud-based productivity tools, with new AI capabilities. The suite is gaining Workspace Flows, a tool designed to automate multistep