May 2025

China’s Factory Activity Faces Pressure Amid Trade Tensions

China’s factory activity likely contracted for a second consecutive month in May, signaling ongoing struggles amidst trade tensions with major export markets, according to a Reuters poll released on Friday. The factory

2 months ago

Economy

New U.S. Export Restrictions Target China, Raising Concerns

The United States has imposed new export restrictions on companies, preventing them from shipping certain products to China without a license. This move, which includes products like electronic design automation (EDA) software,

2 months ago

Business

New U.S. Tax Proposal Could Weaken Dollar, Analysts Warn

Wall Street analysts are raising concerns that a proposed tax on foreign investors, included in the U.S. budget bill, could significantly impact demand for U.S. Treasuries and weaken the dollar. The tax,

2 months ago

Markets

US Inflation Shows Minimal Change Amid Tariff Uncertainty

In April, inflation remained largely unchanged as the effects of President Donald Trump’s newly implemented tariffs had yet to show up in consumer prices, according to a report from the U.S. Commerce

2 months ago

Economy

Jamie Dimon’s Leadership Amid Economic Warnings

JPMorgan Chase CEO Jamie Dimon is known for his sharp warnings on economic challenges, yet his bank continues to thrive under his leadership. Despite predicting financial crises and potential recessions, Dimon’s warnings

2 months ago

Economy

Best Buy Slashes Guidance as Tariffs Weigh on Earnings

Best Buy (BBY) investors woke up to disappointing news on Thursday as the retailer reported mixed earnings and lowered its forecast for 2025, citing the ongoing impact of tariffs. Shares plunged nearly

2 months ago

Business

Citi Increases Dell Target to $128, Keeps Buy Rating

Citi analyst Asiya Merchant recently increased the price target for Dell Technologies Inc. (NYSE: DELL) to $128 from $105, while maintaining a Buy rating on the stock. This adjustment is part of

2 months ago

Business

Gap Faces $300 Million Hit from Trump’s Tariffs

Gap announced Thursday that the tariffs imposed by President Donald Trump on China and other countries will cost the retailer between $250 million and $300 million this year. The company, which owns

2 months ago

Business

Costco Exceeds Expectations Despite Tariff Concerns

Costco reported impressive fiscal third-quarter results on Thursday, surpassing Wall Street’s expectations with an 8% rise in sales. The warehouse club retailer posted earnings per share of $4.28, beating the expected $4.24,

2 months ago

Business

Trump Meets with Fed Chair Powell to Discuss Economic Outlook

President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday to discuss U.S. economic developments, including growth, employment, and inflation. The meeting, which was confirmed by the Federal Reserve, took

2 months ago

Economy