The United States has long struggled with high drug prices, which are often two to three times higher than in other developed countries. This is why President Trump recently revived a policy aimed at reducing these costs. This policy, known as the "most favored nation" approach, ties the prices th
Investors in Asia woke up to good news on Monday. Stocks in Japan and South Korea saw a slight increase at the start of trading. In China, Hong Kong and Shenzhen markets went up by about 1 percent. Even the S&P 500 in New York was expected to follow this trend. Why the sudden optimism? It all s
Jeff Bezos, the wealthiest person in the world, is planning to sell a significant number of Amazon shares. He filed the necessary paperwork to sell up to 25 million shares of Amazon stock over the next 12 months. This move could potentially bring in around $4. 8 billion, based on the current stock p
There's been a noticeable change in China's stance on trade talks with the U. S. Chinese officials have recently started considering talks with the U. S. This is a significant shift from last week, when they flat-out rejected any discussions while the U. S. maintained its "unilateral tariffs. " T
The stock market in the U. S. had a rollercoaster ride after a sudden announcement about tariffs. It took just a few weeks for the market to bounce back to where it was before the shock. This happened after a president announced much higher tariffs than expected on almost all U. S. trading partners.
The economic landscape in April 2025 was a mix of stability and uncertainty. Despite a significant announcement about tariffs, the job market showed resilience. The U. S. added 177, 000 jobs, which was a slowdown from the previous month's 228, 000 but still strong. The unemployment rate stayed stead
The S&P 500 had a good day, climbing 0. 6% on May 1. This marked the eighth day in a row of gains. The boost came from strong earnings reports from big tech companies, Microsoft and Meta. These reports helped ease worries about tariffs affecting tech giants. Microsoft's stock shot up after it beat
Amazon recently shared its financial results, and it's a bit of a mixed bag. The company's sales were higher than what experts predicted. They made $155. 67 billion, which is more than the expected $155. 1 billion. This is a significant amount of money, showing that Amazon is still a major player in
General Motors is bracing for a significant financial hit due to the Trump administration's tariffs on imported cars and auto parts. The company anticipates these tariffs will cost them between 4 and 5 billion dollars this year. This news comes as a blow to GM's profit expectations. The company has
People in the US are feeling less sure about the economy. This feeling has been getting worse for five months straight. Now, it is at its lowest point since the COVID-19 pandemic started. The Conference Board, which tracks how people feel about the economy, said its confidence index dropped by 7. 9
