The U. S. Treasury Secretary, Scott Bessent, recently hinted that Walmart, the nation's biggest retailer, might increase prices due to President Trump's tariffs. This came after Trump warned Walmart not to raise prices and promised to keep a close eye on the situation. The conversation between Bessent and Walmart's CEO, Doug McMillon, happened just a day after Trump...
The United States is set to shake up global trade with new tariff rules. This is a big move that will affect many countries. The plan is to send out letters to around 150 countries. These letters will outline what they need to pay to trade with the US. This is a shift from the usual one-on-one trade talks. This announcement came from the President during a business ...
The tech world is buzzing with a major shift in global power dynamics. Saudi Arabia is stepping into the spotlight as a key player in the artificial intelligence (AI) arena. This move is part of a broader strategy to reduce reliance on oil. The Saudi government is investing heavily in AI, aiming to add a trillion dollars to the global AI market. This is a signifi...
The cost of living saw a slight dip in April. This was the third month in a row where inflation slowed down. Prices went up by 2. 3% compared to the same time last year. This is the smallest increase in over four years. Month-to-month, prices rose by 0. 2% from March to April. This is a small increase after a drop in February and March. Grocery prices fell b...
The entertainment world was taken aback by a sudden announcement. A former president suggested slapping tariffs on movies made outside the U. S. This idea sparked a mix of bewilderment and anxiety among industry insiders. The initial proposal, shared on a social media platform, suggested taxing movies produced abroad. The reasoning? To counter the allure of fore...
Retailers are urging shoppers to buy now before tariffs increase prices. This is a direct response to the trade war. Many brands are using this situation to their advantage. They are encouraging customers to stock up before prices go up. The trade war has caused a lot of uncertainty in the retail industry. Many businesses are struggling to plan for the future. They ...
In today's tech world, price changes happen all the time. But when a big name like Microsoft raises prices on popular items, it's worth taking a closer look. Recently, Microsoft announced that Xbox consoles, games, and accessories will cost more in the United States and Canada. The company pointed to "market conditions" and "rising development costs" as the reasons. ...
The CEO of General Motors, Mary Barra, started her quarterly letter to investors with a nod to President Trump. She thanked him for his backing of the U. S. auto industry. However, she later revealed a significant issue: the company expects to face a financial hit of $4 billion to $5 billion due to Trump's tariffs. This situation shows the tricky path GM must walk. ...
A major delivery company is planning to let go of about 20, 000 employees by 2025. This move is part of a bigger plan to save money and boost profits. The company blames changes in global trade rules and new taxes for this decision. The news came out in a recent report about the company's earnings. It showed that the company made just over 21 billion dollars in the f...
A major shake-up is happening at UPS. The company is planning to cut 20, 000 jobs. This is a big deal. It's all because of the economic uncertainty caused by Trump's tariffs. These tariffs are making it tough for UPS's biggest customer, Amazon, to keep up the same level of demand. UPS's shares took a small hit, dropping 1% in early trading. But the company is lookin...