Asia-Pacific markets traded mixed on Wednesday, following declines on Wall Street after a sell-off in technology stocks picked up pace. Japanese markets were in focus for investors. The Bank of Japan held interest rates steady at 0.5%, in line with expectations, as the central bank weighed the potential impact of U.S. President Donald Trump’s tariffs. […]
Tesla (TSLA) was under pressure again on Tuesday, closing down over 5% as a slew of competitors in China announced updates that again signaled competition on the mainland ramping up for the EV giant. Tuesday’s loss follows a 5% drop for Tesla stock to start the week, and shares are now down over 53% from […]
Forever 21’s U.S. operating company filed for Chapter 11 bankruptcy on Sunday, marking the second time in six years. F21 OpCo made the move after the retailer, once known for affordable, on-trend fashions among teenagers and younger adults, was unable to find a buyer for its roughly 350 U.S. stores. With most stores inside malls, […]
PepsiCo (PEP.O), opens new tab said on Monday it would buy prebiotic soda brand Poppi for $1.95 billion, expanding into the “healthier soda” category at a time when the company is battling falling demand for its traditional beverages and snacks. Shares of PepsiCo were up 1.6% in early trading. Young Americans are increasingly turning to […]
Treasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government spending over the past few years. “What I could guarantee is we would have had a financial crisis. I’ve studied it, I’ve taught it, and if we had kept up at […]
Egg prices dropped once again this month as bird flu outbreaks eased and demand fell, with consumers unwilling to shell out for the inflated prices, according to the U.S. Department of Agriculture. Wholesale prices for a dozen eggs now average $4.15, down $2.70 from the week before, the USDA’s Egg Markets Overview from Friday found. […]
The “bromance” between United States President Donald Trump and tech billionaire Elon Musk was on full display on Tuesday when the White House South Lawn was transformed into a miniature Tesla showroom. Musk lined up Tesla cars to showcase the electric car producer’s latest innovations while Trump promised to brand anyone vandalising a Tesla car […]
It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy for years despite prolonged inflation. On top of high interest rates and persistent inflation, CEOs are now grappling with how to handle […]
Gold broke the $3,000 an ounce price threshold for the first time on Friday as investors sparked a rally in the safe-haven asset amid mounting economic uncertainty due to President Donald Trump’s tariff war. Spot gold prices hit an all-time high of $3,004.86 earlier in Friday’s trading session before dipping back below the $3,000 level […]
Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says the carrier is leaner and ready to take on competitors, including rival Southwest Airlines. Earlier this week, Southwest shocked customers by announcing it will start charging for checked bags for the first time in its half-century […]
US stocks slid Thursday and the S&P 500 closed in correction, down more than 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union. The Dow ended the day down by 537 points, or 1.3%. The S&P 500 fell 1.39% and the Nasdaq Composite was 1.96% lower. […]
Months after ditching its open seating policy, Southwest Airlines is ending its most recognizable perks: Free checked baggage. The airline will begin charging for the first and second checked bag beginning on May 28, Southwest announced Tuesday. However, members of its A-List loyalty program, holders of its branded credit card or those traveling on a […]
