Nike plans to raise prices on some apparel and equipment by June 1 in response to President Trump’s tariffs, which fully resume on July 8 after a 90-day pause. Tariffs on Vietnam, where Nike produces much of its goods, are currently at 10%, while China faces 30%. Price increases will range from $2 to $10, with shoes over $150 rising by $10. However, prices for … Continue reading Nike to raise prices over Trump tariffs

Target’s efforts to revive sales are faltering, with Q1 revenue falling more than expected and full-year sales now projected to decline. The company blamed weak consumer spending, economic concerns, and the impact of customer boycotts related to its handling of LGBTQ+ and DEI issues. Comparable store sales dropped 3.8%, and transaction volume also declined. Target’s stock fell 3.5%, and the company cut its annual forecast. … Continue reading Target sales drop in 1st quarter and retailer warns they will slip for all of 2025

U.S. stocks fell sharply as details of the White House’s tax plan raised inflation concerns. The Dow dropped 704 points (1.7%), the S&P 500 lost 1.2%, and the Nasdaq slipped 1%. Investors fear higher bond yields and borrowing costs due to rising deficits and tariffs. The 30-year bond yield rose to 5.09%, USA Today has reported. Oil prices dipped, gold rose nearly 1%, and Bitcoin … Continue reading Dow Fall More Than 800 Points, Bitcoin Touches New High

Southwest Airlines will require passengers to keep power banks and portable chargers visible during flights starting May 28, citing safety concerns over lithium-ion battery fires. Devices can no longer be used while stored in bags or overhead bins. The airline is the first U.S. carrier to adopt such a policy, joining some international airlines like those in South Korea, ABC News has reported. The move … Continue reading Southwest will no longer allow portable batteries to be stored in passenger bags

Google has launched a new $249.99/month subscription service called Google AI Ultra, offering exclusive access to its most advanced AI tools. Announced at Google I/O, the plan includes the Gemini AI app with DeepThink mode, early access to experimental tools like the Veo 3 video generator and Project Mariner, 30TB of storage, and YouTube Premium. Aimed at power users, it competes with OpenAI’s $200/month ChatGPT Pro … Continue reading Google launches $250 per month ‘VIP’ AI subscription service

The FDA has announced a recall of cucumbers grown by Bedner Growers, Inc. and distributed by Fresh Start Produce Sales, Inc. due to a multistate Salmonella outbreak that has sickened at least 26 people across 15 states. The cucumbers, distributed since April 29, may be unlabeled or sold in various packaging. Nine people have been hospitalized. The FDA urges consumers, retailers, and restaurants to discard … Continue reading Cucumbers recalled after more than 20 people sickened in Salmonella outbreak

Two major U.S. cable companies, Charter Communications (Spectrum) and Cox Communications, announced a $34.5 billion merger to better compete amid rising cord-cutting and wireless competition. The combined company aims to strengthen broadband and service offerings as customers leave traditional pay-TV for cheaper streaming. Charter’s stock rose over 6% on the news. The new company will be named Cox Communications, headquartered in Stamford, Connecticut, with a … Continue reading Two of America’s largest cable companies are merging

Wells Enterprises, maker of Blue Bunny and Halo Top ice cream, has voluntarily recalled nearly 18,000 containers of ice cream and frozen yogurt due to possible plastic contamination. The recall, announced April 25, affects 22 flavors in 3-gallon tubs distributed across over 100 U.S. centers, including Iowa, Michigan, Illinois, and Texas, with use-by dates from March to October 2026. The FDA classified it as a … Continue reading Nearly 18,000 containers of ice cream recalled for potential plastic contamination

The New Jersey Transit rail strike ended Sunday after the Brotherhood of Locomotive Engineers and Trainmen and NJ Transit reached a tentative agreement. Train service will fully resume Tuesday, with commuters urged to work from home Monday as the system undergoes safety checks and preparations. The strike, the first in over 40 years, involved 450 engineers who walked off over pay disputes, halting trains that … Continue reading NJ Transit strike comes to an end with agreement between union and managers

NJ Transit engineers began their first strike in over 40 years at 12:01 a.m. Friday, halting rail service for 350,000 commuters after contract talks over higher wages failed. The Brotherhood of Locomotive Engineers and Trainmen rejected NJ Transit’s latest offer, with 87% voting against it. Both sides say they’re ready to resume negotiations, with new talks set for Sunday involving federal mediators, NBC 4 New … Continue reading No NJ Transit trains running as engineers strike for first time since 1983

U.S. consumer sentiment dropped to 50.8 in May—its second-lowest level on record—as worries about inflation and tariffs grew, according to a University of Michigan survey. Short- and long-term inflation expectations both rose, with nearly 75% of respondents citing tariffs as a concern. The survey was mostly completed before the U.S. and China announced a 90-day tariff pause, which may affect future sentiment, CNBC has reported. … Continue reading Consumer sentiment slides to second-lowest on record

Moody’s downgraded the U.S. credit rating on Friday, citing rising debt, growing interest payments, and inadequate revenue, marking the last major rating agency to strip the U.S. of its top-tier status. The move, seen as a blow to the Trump administration, comes amid GOP debates over extending Trump’s 2017 tax cuts and growing fiscal deficits. Moody’s warned that current proposals won’t reverse long-term budget problems. … Continue reading Moody’s downgrades US credit, citing rising debt

Burberry plans to cut up to 1,700 jobs—nearly 20% of its global workforce—by 2027 as part of a cost-cutting strategy following a £66 million loss last year. Most cuts will affect head office staff, mainly in the UK, and night shifts at its Castleford factory will be eliminated. The company aims to save £100 million annually by improving efficiency across operations, procurement, and real estate, … Continue reading Burberry to cut 1,700 jobs as designer suffers heavy losses

Nvidia and AMD have partnered with Saudi AI firm Humain to supply chips for a massive AI data center project backed by Saudi Arabia’s Public Investment Fund. The $10 billion initiative aims to establish the Kingdom as a global AI leader by deploying 500MW of computing power over five years, including tens of thousands of Nvidia GPUs and AMD-based systems. The first phase includes an … Continue reading Nvidia and AMD partner with Humain to develop AI data centres

Egg prices dropped 12.7% in April—the first decline in months—after surging due to a historic avian flu outbreak that has affected 168 million birds since 2022. Prices had spiked to over $6 a dozen in March but fell to about $5.12 in April, still far above the $2.86 seen last year. The crisis became a major political issue during the 2024 election, with then-candidate Trump … Continue reading Egg prices decline for first time in months

U.S. stocks surged Monday after the U.S. and China agreed to a 90-day pause on tariffs, easing trade war fears. The S&P 500 jumped 3.3%, the Dow gained over 1,100 points, and the Nasdaq rose 4.3%, with Big Tech stocks like Nvidia, Amazon, Apple, and Tesla leading the rally. The U.S. will slash tariffs on Chinese goods from 145% to 30%, while China will cut … Continue reading Dow jumps 1,100 points, S&P 500 and Nasdaq surge after US-China tariff rollback

NRG Energy will acquire 18 natural gas power plants from LS Power for $12 billion, doubling its generation capacity to meet rising electricity demand from data centers. The deal, expected to close in early 2026, adds 13 gigawatts of capacity across nine states and positions NRG as a key energy supplier amid growing AI-driven power needs. NRG’s stock surged 25% following the announcement, and the … Continue reading NRG Buys 18 Natural-Gas Power Plants in Bet on Soaring Energy Demand

McDonald’s announced plans to hire up to 375,000 workers this summer, its largest hiring target in years, during a news conference with U.S. Labor Secretary Lori Chavez-DeRemer. The event also marked the 10th anniversary of the company’s “Archways to Opportunity” education program. McDonald’s has strengthened ties with the Trump administration during his second term, including a $1 million donation to his inauguration, CNBC has reported. … Continue reading McDonald’s announces plans to hire 375,000 workers with Trump Labor secretary

Delta Air Lines and Korean Air are buying a combined 25% stake in WestJet from Onex for $550 million USD, with Delta acquiring 15% and Korean Air 10%. Delta will later sell part of its stake to Air France-KLM. The move deepens existing partnerships among SkyTeam alliance members but raises questions about potential operational changes and the impact on competition, CBC News has reported. While … Continue reading Delta, Korean Air to buy 25% stake in WestJet from Onex

Democrats have pushed back against proposed legislation to regulate stablecoins—digital currencies pegged to real-world assets like the U.S. dollar—arguing the risks are being understated. The GENIUS Act aimed to set standards for reserve backing, redemption rights, and consumer protections, but critics like SEC Commissioner Caroline Crenshaw warn that most stablecoins operate through lightly regulated exchanges and pose significant financial risks. Supporters say the bill would … Continue reading Stablecoins are back in focus as Senate Democrats reject legislation approving their use

The US and UK have reached a new trade agreement that reduces tariffs on certain British cars and allows limited steel and aluminium imports tariff-free, offering relief to key UK industries. While the deal leaves most UK goods subject to a 10% duty, it lowers US car import taxes to 10% for up to 100,000 vehicles annually and restores quotas on steel and aluminium. Both … Continue reading US and UK agree deal slashing Trump tariffs on cars and metals

Nvidia shares rose after the Trump administration moved to scrap the Biden-era “AI diffusion rule,” which would have imposed restrictions on exporting advanced AI chips. The rule, set to take effect May 15, was criticized by chipmakers like Nvidia and AMD as overly complex and harmful to U.S. innovation. The Department of Commerce said it will replace the rule with a simpler version to promote … Continue reading Nvidia shares climb as Trump administration prepares to end chip export restrictions

The Federal Reserve announced it will keep interest rates unchanged at 4.25% to 4.5%, citing ongoing economic uncertainty, persistent inflation, and stable labor market conditions. Chair Jerome Powell emphasized that inflation has declined but remains above target, and noted rising risks of both higher inflation and unemployment, partly due to new tariffs. Powell said rate cuts this year are possible but uncertain, depending on how … Continue reading Federal Reserve holds key interest rate steady amid economic uncertainty

Missouri lawmakers have passed a bill that would make gold and silver legal tender in the state, allowing them to be used—electronically—for paying taxes and public debts. While private businesses wouldn’t be required to accept precious metals, they could choose to. The bill, part of a broader financial package, now heads to Republican Gov. Mike Kehoe, who has yet to indicate if he’ll sign it, … Continue reading Missourians could soon pay with gold & silver after lawmakers approve bill

Credit Suisse Services AG pleaded guilty to a criminal conspiracy for helping wealthy Americans hide over $4 billion in offshore accounts, resulting in a $511 million settlement. The Swiss bank also entered a non-prosecution agreement related to U.S. accounts held at its Singapore branch. Between 2014 and 2023, Credit Suisse helped U.S. clients evade taxes by maintaining undeclared accounts, violating a 2014 plea agreement. The … Continue reading Credit Suisse to pay $511 million for helping U.S. taxpayers hide over $4 billion overseas