Best Buy's third quarter of 2025 hasn't been as jolly as they hoped. Sales haven't taken off like expected, and the company is now predicting a smaller annual revenue. Why the slowdown? Early holiday shopping and new tech releases didn't draw as many shoppers as Best Buy had hoped. Even with new iPh
Former President Donald Trump recently announced his intention to impose significant tariffs on imports from Canada, Mexico, and China. He plans to hit all products from these countries with a 25% tariff, specifically targeting Canada and Mexico. Additionally, he proposed an extra 10% tariff on Chin
Scott Bessent, a billionaire investor, has been chosen by President-elect Trump to lead the Treasury Department. This is a surprising move, given Bessent's history of supporting Democratic candidates and working for George Soros, a prominent Democratic donor. However, Bessent has been in Trump's cir
President-elect Donald Trump has chosen Howard Lutnick, a billionaire and CEO of Cantor Fitzgerald, to be the next commerce secretary. This important role involves overseeing the implementation of Trump's plans to impose and enforce tariffs. Lutnick, who has been a key figure in Trump’s transition t
Ever wondered who's behind Trump's choice for commerce secretary? Meet Howard Lutnick, a influential businessman with a remarkable past. He's the head of Cantor Fitzgerald, a major investment bank, and he's linked to Trump through their times on "The Apprentice. " If picked, Lutnick would lead the C
President Trump is on the hunt for a Treasury secretary, and two key candidates are in the spotlight: Scott Bessent and Howard Lutnick. The big question on the table? Support for Trump's tariff plans, which aim to revive manufacturing and create jobs. Bessent was initially the front-runner, known fo
Look around your house, you'll spot plenty of things Made in China or elsewhere abroad. But now, imagine paying much more for these items. That's what might happen with President Trump's proposed tariffs on imports. Bobby Djavaheri, who runs Yedi Houseware Appliances in Los Angeles, is worried. He t
Imagine a world where President Donald Trump slaps massive tariffs on all Chinese goods. Some experts think it could spark an economic war. Two states that helped Trump win the 2024 election, Nevada and Florida, might feel the most pain. A study by the U. S. -China Business Council and Oxford Econom
President-elect Donald Trump has threatened to impose a hefty 60% tariff on all Chinese goods entering the U. S. While this move might seem like a blow to China's economy, experts suggest it could actually benefit Beijing in the long run. Professor Chen Zhiwu from the University of Hong Kong believe
After Donald Trump's election win, the leaders of top tech companies like Alphabet, Meta, Apple, Amazon, and Microsoft quickly sent their congratulations. These executives, including Sundar Pichai, Mark Zuckerberg, and Tim Cook, previously had clashes with Trump. But now, they're eager to adapt to t
