The U. S. economy faced a setback in the first quarter of 2025. The country's economic output shrank by 0. 3% when compared to the same period last year. This decline was the first since early 2022. Experts had anticipated a 0. 4% growth, following a 2. 4% increase in the last quarter of 2024. The slowdown was primarily due to a sudden surge in imports. Companies and...
Temu, a popular online shopping platform, has started adding import charges to its products. This means that items you buy might end up costing more than twice their original price. For instance, a summer dress that was $18. 47 now comes with an extra $26. 21 in import charges, making it $44. 68. That's a 142% increase! A child's bathing suit priced at $12. 44 will n...
Tariffs are causing a stir in the business world. Many companies are feeling the heat as they try to figure out how these new taxes will affect their bottom line. The situation is fluid, with some tariffs still in place and others delayed while countries try to work out their differences. This uncertainty makes it tough for businesses to plan ahead and for investors ...
In the first few months of 2025, Chipotle faced some tough times. The fast-casual giant saw a drop in sales at its existing stores. This was the first time this had happened since 2020. The company blamed a mix of factors. People were spending less, and bad weather didn't help either. As a result, the company's earnings didn't meet expectations. The company's shares...
There was a significant increase in retail sales in March. This jump was largely due to people buying cars before new tariffs took effect. The Commerce Department reported that spending at various outlets, including stores, restaurants, and car dealerships, rose by 1. 4% compared to February. This was the biggest increase in over two years. The main reason for this s...
The month of March saw a notable increase in retail sales across the United States. This surge was largely due to consumers rushing to make purchases before significant tariff increases took effect. The Commerce Department reported a 1. 4% rise in retail sales from February to March, the highest monthly increase since January 2023. This jump was primarily driven by t...
In March, Americans went on a shopping spree. They bought more goods than usual. This happened because people were worried about upcoming tariffs. These tariffs are taxes on imported goods. They make things more expensive. The U. S. government planned to put these tariffs on items from China, Canada, and Mexico. So, people rushed to buy things before the prices went ...
The trade policies of the Trump administration have caused a stir among Americans. Some have started to change their spending habits. This is because of the uncertainty surrounding tariffs and their potential impact on the economy. The President's policies have led to a mix of fear and strategic planning among consumers. Some are stocking up on essentials, while o...
China is in a tough spot. The trade war with the United States is heating up, and the Chinese government is looking for ways to keep the economy afloat. One of their big plans is to get Chinese people to spend more money at home. This might sound simple, but it's not as easy as it seems. The idea is to boost domestic spending. The government wants to make sure t...
The travel industry is feeling the pinch as Americans tighten their belts. The CEO of Delta Air Lines has noted a shift in behavior. People are acting as if a recession is already here. This cautious approach is not just about saving money. It is also about uncertainty. The global economy is shaky. Trade tensions are high. And recent events have made people nervous a...