German automaker Volkswagen reported a 37% drop in first-quarter operating profit, citing disruptions caused by U.S. tariffs on the global car industry. The company’s operating profit amounted to […]
Economy
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Consumer Confidence Drops to Lowest Since 2011 Amid Tariff Concerns
Consumer confidence in the U.S. has plummeted to its lowest level since 2011, reflecting pervasive pessimism amid concerns over tariffs and economic uncertainty. The Conference Board survey indicates […]
Markets
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U.S. Treasury Offers New Securities Amid Refunding
The U.S. Department of the Treasury has announced the offering of $125 billion in Treasury securities to refund approximately $94.2 billion of privately-held Treasury notes maturing on May […]
Technology
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Elon Musk Reduces Physical Presence at White House
Elon Musk has decreased his physical presence at the White House as he prepares to step down from his role within the Trump administration. Although no longer regularly […]
Technology
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Regulus Therapeutics to Be Acquired by Novartis AG
Novartis AG has announced an agreement to acquire Regulus Therapeutics for $7.00 per share in cash, with an additional potential payment of $7.00 per share contingent on regulatory […]
Uncategorized
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Trump Praises Bezos After Amazon Denies Plan To Display Tariff Costs
The White House criticized Amazon after reports suggested the company planned to display tariff-related price increases directly to consumers. President Donald Trump reportedly called Amazon founder Jeff Bezos […]
Uncategorized
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Starbucks Reports Drop in Global Sales Due to Weak US Demand
Starbucks CEO Brian Niccol’s efforts to revitalize the brand showed progress despite missing estimates for quarterly global comparable sales and profit due to inflation and economic uncertainty affecting […]
Technology
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Markets
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Trade Ripples and Tariff Uncertainty Impacting Global Markets
The ongoing trade disputes are causing significant disruptions that could last for months or even years. Major American companies are cutting back on spending due to the uncertainty […]
Economy
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China’s Manufacturing Sector Contracts Sharply Amid US Tariffs
China’s manufacturing sector experienced a significant contraction in April, with the Purchasing Managers’ Index (PMI) dropping to 49.0, its lowest level since December 2023. This decline is largely […]