DHL Express is suspending shipments over $800 to U.S. consumers due to increased customs red tape under President Trump’s new tariff rules. The company cited a surge in formal customs checks, leading to delays. Business shipments will continue but may also face holdups. Previously, packages under $2,500 faced minimal checks, but the new threshold is now $800. Deliveries below that amount will still be processed. … Continue reading DHL suspends high value US deliveries over tariffs

UnitedHealth Group’s stock dropped 20% after the company lowered its annual profit forecast, citing higher-than-expected medical costs in its Medicare Advantage plans. This setback, amid rising medical expenses and the impact of the Covid-19 pandemic on seniors’ care, signals potential trouble for other insurers with similar plans. Analysts highlighted concerns over accelerating costs, especially as more seniors seek delayed procedures. Competitors like Humana, Elevance Health, … Continue reading UnitedHealth Shares Tumble After Earnings Fall Short Due to Medicare Issues

A U.S. judge ruled that Google illegally dominates two online advertising markets, finding the company guilty of acquiring and maintaining monopoly power in publisher ad servers and ad exchanges. This ruling could lead to a breakup of Google’s ad products. The decision is a setback for Google, following a similar ruling in an online search case. While Google won part of the case, it faces … Continue reading Google holds illegal monopolies in ad tech, US judge finds

President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell, calling for his “termination” due to Powell’s failure to quickly cut interest rates. Trump’s remarks followed Powell’s warning about the economic impact of Trump’s tariffs. Despite the European Central Bank’s decision to cut interest rates, Trump blasted Powell for being “too late and wrong.” He also accused the Fed of playing politics. Trump’s … Continue reading Trump blasts Fed Chair Powell, saying his ‘termination cannot come fast enough’

Donald Trump stated that Chinese-made smartphones and electronics will not be exempt from tariffs but will instead fall under a different “semiconductor tariff” category. This came after reports suggesting some products would escape a 145% tariff, which Trump called false. The new tariff will target the electronics supply chain, with further details expected later. China has urged Trump to cancel his tariffs, while U.S. officials … Continue reading Trump threatens new tariffs on smartphones days after exempting them

Intel is selling a 51% stake in its programmable chips unit, Altera, to Silver Lake in a deal valuing the business at $8.75 billion—about half of what Intel paid in 2015. Intel will retain a 49% stake and receive $3.4 billion in cash. The move is part of Intel’s broader plan to shed non-core assets and refocus its business. Altera will now be led by … Continue reading Intel to Sell 51% Altera Stake to Silver Lake Amid Cost Cuts

Pfizer has ended development of its experimental daily weight loss pill, danuglipron, after a trial patient showed signs of potential liver injury. Although the patient’s liver enzymes quickly returned to normal after stopping the drug, Pfizer halted the program after reviewing all clinical data and regulatory feedback. This marks another setback in Pfizer’s attempt to enter the booming GLP-1 weight loss drug market, currently led … Continue reading Pfizer scraps daily weight loss pill after liver injury in one patient

The U.S. dollar weakened sharply on Friday amid escalating tariff tensions and investor concerns over U.S. economic policy. China’s tariff hike on U.S. goods intensified a global selloff, sending the dollar to a decade-low against the Swiss franc and a three-year low against the euro. Investor confidence in the dollar as a safe haven faded, with gold hitting a record high above $3,200. The euro … Continue reading Dollar weakens with investor confidence shaken in US safe-haven assets

BlackRock CEO Larry Fink told CNBC he believes the U.S. may already be in a recession, citing rising uncertainty and weakening economic sentiment despite strong job growth and retail sales. He pointed to recent tariffs and the 90-day pause as factors contributing to prolonged uncertainty. While not seeing a financial crisis, Fink said other CEOs share his recession concerns. BlackRock’s Q1 results were mixed, with … Continue reading BlackRock’s Larry Fink says U.S. is very close to a recession

U.S. consumer sentiment fell to 50.8% in early April, the lowest since June 2022, marking four straight months of decline and a 30% drop since December. Inflation expectations surged, with one-year outlooks hitting 6.7%—the highest since 1981—and five-year expectations rising to 4.4%. The University of Michigan cited growing recession fears, with expectations for rising unemployment at their highest since 2009, Market Watch has reported. Markets … Continue reading Consumer sentiment sinks, approaching three-year

Michael Saylor’s company, Strategy (formerly MicroStrategy), will report a $5.9 billion unrealized loss in Q1 due to a new accounting rule that values Bitcoin at market prices. The stock fell up to 14% as Bitcoin’s price dropped 12% this year, erasing nearly $5 billion from Strategy’s holdings. The company spent $7.79 billion on Bitcoin in 2025 alone, resulting in around $1 billion in paper losses. … Continue reading MicroStrategy Expects to Post Loss After Bitcoin Price Slumps

Apple won a legal battle against the U.K. government’s attempt to keep secret its appeal over demands to create a “backdoor” into iPhone users’ encrypted data. The U.K.’s Investigatory Powers Tribunal ruled that holding the hearing in complete secrecy would violate the principle of open justice. Apple had appealed a government order requiring access to data protected by its Advanced Data Protection system, CNBC has … Continue reading UK loses bid to keep Apple appeal against demand for iPhone ‘backdoor’ a secret

JPMorgan Chase CEO Jamie Dimon warned that President Trump’s newly announced tariffs will likely raise both domestic and imported goods prices, adding pressure to an already slowing U.S. economy. In his annual shareholder letter, Dimon said the tariffs could cause inflation and weaken growth, though it’s unclear if they’ll trigger a recession. He noted growing risks from trade uncertainty, market volatility, and stubborn inflation, adding … Continue reading JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy

President Trump announced a 75-day delay in enforcing the TikTok sale-or-ban law, which was set to take effect on April 5. This delay comes after Trump’s tariff announcement complicated a deal that would transfer control of TikTok’s U.S. operations to American ownership. Although a deal was nearly finalized, negotiations stalled due to China’s concerns over the new tariffs. Trump expressed hope for a resolution but … Continue reading Trump to extend TikTok ban enforcement deadline after China tariffs derail deal

Jaguar Land Rover (JLR) has announced a temporary pause in shipments to the US due to the 25% tariff on foreign cars imposed by President Trump. The company, which exported around 38,000 cars to the US in Q3 2024, is working to adjust to the new trading terms. JLR reassured customers of its resilience and emphasized its focus on global operations and addressing these changes. … Continue reading Jaguar Land Rover to ‘pause’ US shipments over U.S. tariffs

President Trump defended his tariff policies on Saturday, calling them an “economic revolution” and urging businesses to “hang tough” despite market turmoil. He posted on social media, saying, “THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic.” Trump also reassured businesses, claiming they were “not worried about the tariffs” due to the … Continue reading Trump touts “economic revolution” as economists warn of recession

A U.S. bankruptcy judge rejected Johnson & Johnson’s $10 billion proposal to settle lawsuits alleging its talc products cause ovarian cancer, marking its third failed bankruptcy attempt. Judge Christopher Lopez ruled that J&J did not belong in bankruptcy and that its settlement lacked sufficient support from plaintiffs while overreaching in shielding non-bankrupt entities. J&J stated it will not appeal but will fight the claims in … Continue reading U.S. judge rejects Johnson & Johnson’s $10 billion baby powder settlement

General Motors and other automakers reported strong first-quarter U.S. sales growth ahead of President Trump’s new 25% auto tariffs set to take effect this week. GM saw a 16.7% increase, led by electric vehicles and SUVs, while Hyundai and Kia posted double-digit gains. Ford was the outlier, with a 1.3% decline due to the discontinuation of the Edge SUV. Anticipation of tariff-related price hikes drove … Continue reading GM’s first-quarter U.S. vehicle sales lead industry as automakers braces for tariffs

Job openings in the U.S. fell to 7.57 million in February, nearing a four-year low and signaling a gradual labor market cooldown. This marks a drop from 7.76 million in January, with openings remaining at their lowest since last September. Despite this, economists believe the labor market is stable enough for the Federal Reserve to maintain interest rates. Investor expectations of a rate cut by … Continue reading Job openings hit lowest level since September as labor market cools

Elon Musk’s artificial intelligence company, xAI, has acquired his social media platform, X, in a deal that values X at $33 billion. The all-stock transaction combines xAI’s advanced AI technology with X’s broad reach. Musk announced the merger on Friday, stating that the combined company would create smarter experiences for billions of users while advancing knowledge. xAI’s AI chatbot, Grok, integrated into X, will compete … Continue reading Elon Musk’s AI company buys X in blockbuster $33B stock deal

Charlie Javice, founder of the now-defunct college financial aid company Frank, was found guilty of swindling JPMorgan Chase into buying her company for $175 million. Prosecutors accused Javice of falsely inflating her company’s user base, claiming 4.25 million customers when only 300,000 were verified. She faces up to 30 years in prison for wire fraud, bank fraud, and conspiracy, with a lower maximum sentence for … Continue reading Charlie Javice, college financial aid startup founder, found guilty of defrauding JPMorgan

The Federal Communications Commission (FCC) is investigating Disney’s diversity and inclusion practices, citing concerns that the company may not be complying with government regulations. FCC Chairman Brendan Carr sent a letter to Disney, prompting the review of its DEI initiatives, including whether they violated equal employment opportunity laws. The investigation comes amid broader scrutiny of diversity programs under the Trump administration, which has targeted DEI … Continue reading Disney faces US investigation over DEI practices

Genetic testing company 23andMe has filed for Chapter 11 bankruptcy, putting the DNA data of millions up for sale and sparking major privacy concerns. Since 2006, 23andMe has built a vast genetic database, promising insights into health risks and ancestry. However, experts warn that users have no control over where their sensitive data goes, and U.S. privacy laws offer little protection. The 2023 hack exposing … Continue reading 23andMe bankruptcy filing sparks privacy fears as DNA data of millions goes up for sale

Tesla’s electric vehicle sales in Europe dropped by 49% in the first two months of the year, despite overall EV sales growth, according to the European Automobile Manufacturers’ Association. The decline is attributed to an aging product lineup and backlash against CEO Elon Musk, particularly his endorsement of Germany’s far-right Alternative for Germany (AfD) party, which sparked criticism in Europe. Meanwhile, Tesla faces increasing competition … Continue reading Tesla sales fall by 49% in Europe even as the electric vehicle market grows

Americans are increasingly pessimistic about the economic outlook, as rising prices and uncertainty around President Trump’s policies weigh on consumer confidence. The Conference Board’s consumer confidence index dropped to 92.9 in March, the lowest level in over four years. Consumers’ expectations for income, business, and labor conditions hit a 12-year low, while inflation expectations rose. There was also a notable decline in stock market outlook, … Continue reading Americans’ expectations for the economy hit their lowest level in 12 years