In a bid to prevent their trade war from heating up, the U. S. and China are set to hold crucial talks in Kuala Lumpur. The meeting, happening on the sidelines of the ASEAN summit, aims to smooth things over before a potential sit-down between Presidents Trump and Xi next week. The tension kicked o
Coffee lovers in the U. S. are feeling the pinch. Prices for ground coffee have shot up. In September, the average cost hit $9. 14 per pound. That's a 3% jump from August and a whopping 41% increase from September 2024. This trend isn't just about coffee. Overall food prices have also risen by 3% co
General Motors (GM) recently let go of over 200 salaried employees, mainly from its Technical Center in Warren. This move came just days after the company raised its profit expectations for the year, which led to a significant boost in its stock prices. The company stated that these job cuts were du
In a surprising turn of events, Mayor Eric Adams has decided to support Andrew Cuomo in the New York City mayoral race. This comes after months of tension between the two, with Adams previously calling Cuomo a "snake and a liar. " However, it seems they have buried the hatchet, as they were seen tog
Tinder is taking a big step to make sure people are who they say they are. Soon, new users in the U. S. will have to prove their identity with a quick video selfie. This feature, called Face Check, makes sure the person in the video matches the profile picture. If they pass, they get a special badge
Big investors are quietly putting their money into Solana. Ken Griffin, the head honcho at Citadel, recently scooped up a significant number of shares in DeFi Development Corp. This company is a major player in the Solana ecosystem. Griffin's investment is substantial, with over 1. 3 million shares
Fossil, a well-known brand in the world of fashion accessories, is in hot water. It's filed for Chapter 15 bankruptcy in the U. S. , pointing fingers at U. S. tariffs and tech giants like Apple and Samsung. This move comes after Fossil proposed a restructuring plan in the U. K. to tackle its growing
Ken Griffin, the big boss of Citadel, recently shared his thoughts on AI at a big finance conference. While many on Wall Street are excited about using AI to pick stocks, Griffin isn't convinced it's the magic solution. He said AI can help with some tasks, but it's not great at finding those specia
Canada is taking action to ease the strain on its economy by offering relief on certain steel and aluminum products from the U. S. and China. This move comes as a response to the ongoing trade war that has been hurting Canadian businesses. The government has been in talks with both the U. S. and Ch
The US tariffs have been a big headache for global companies, costing them over $35 billion. But there's a silver lining: many are adjusting to the new reality and even lowering their initial cost estimates. The tariffs, which are at their highest since the 1930s, have caused a lot of uncertainty.
