The International Monetary Fund (IMF) has revised its global growth forecast downward due to heightened trade uncertainties. These uncertainties, described as ‘off the charts,’ stem from ongoing shifts […]
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Temu Reduces Ad Spend Amid Rising Tariffs
Temu, a Chinese online marketplace offering products priced between $1 and $50, is adjusting its strategies due to rising tariffs. Last week, former President Donald Trump imposed a […]
Technology
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US Halts Construction of Major Offshore Wind Farm Project
The Trump administration has paused construction of a significant offshore wind farm project off the coast of New York, intended to supply electricity to 500,000 homes. Interior Secretary […]
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Eli Lilly’s Daily Pill Shows Promise for Weight Loss and Blood Sugar Control
Eli Lilly has announced promising results from its first late-stage trial of a daily pill designed for weight loss and blood sugar management in diabetes patients. The drug, […]
Markets
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Health Insurance Stocks Decline Following UnitedHealth’s 2025 Forecast Adjustment
Health insurance stocks experienced a downturn following UnitedHealth Group’s (UNH) revision of its forecasts for 2025. This news caused the company’s shares to drop approximately 19% in early […]
Economy
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European Central Bank Cuts Rates Amid Tariff Uncertainty
The European Central Bank (ECB) has cut interest rates to address tariff uncertainties and a deteriorating growth outlook caused by global trade tensions. This move aims to support […]
Banks
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Global Payments Acquires Worldpay in $24.3 Billion Deal, Boosting M&A Activity
Global Payments Inc. finalized a $24.3 billion acquisition of Worldpay, acquiring stakes held by Fidelity National Information Services (FIS) and private equity firm GTCR LLC. This deal marks […]
Technology
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Taiwan Semiconductor Reports Strong Q1 AI Chip Sales Amid Tariff Concerns
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded Q1 targets driven by robust AI chip sales, despite ongoing tariff uncertainties. The company’s profit surged, showing resilience against trade tensions. TSMC […]
Real Estate
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Zillow Updates 2025 Forecast, Predicting Decline in U.S. Home Prices
Zillow has updated its forecast model, projecting a decline in U.S. home prices by -1.7% between March 2025 and March 2026. This shift reflects growing concerns over housing […]
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Shein and Temu Plan to Increase Prices for U.S. Customers Due to Tariffs
Shein and Temu are set to raise prices for U.S. shoppers starting April 25 due to tariffs imposed on goods from China. The 145% tariff, combined with the […]