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The U.S. trade deficit hit a record in 2024 as imports surged. The New York Times reported that the trade gap ballooned ahead of Trump’s term and tariff promises. Bloomberg and Newsweek also noted that the U.S. trade deficit widened significantly ahead of the implementation of Trump’s tariffs. Reuters added that the U.S. trade deficit […]

Alphabet shares are on course to lose roughly $180 billion in market value, erasing all its stock price gains for the year. The dour report also pulled down shares of cloud rival Amazon.com, which is set to report earnings on Thursday. Analysts noted that the results signify a significant shift in Google’s business, moving from […]

The United States Postal Service (USPS) has reversed its decision to halt parcel service from China. The New York Times reported that the USPS has resumed the collection of Chinese packages just hours after initially halting the service. Forbes also noted that the USPS has done a U-turn and will continue accepting packages from China. […]

President Donald Trump’s sweeping tariffs on imports from China went into effect after midnight on Tuesday—triggering retaliatory levies by Beijing that some fear could escalate into a trade war—even as the proposed tariffs against Canada and Mexico were both put on pause for 30 days. ‘MAKE YOUR PRODUCT IN THE USA AND THERE ARE NO […]

Disney will report its fiscal first-quarter earnings before the bell on Wednesday, and Wall Street will be paying close attention to the state of its streaming and theme parks businesses. Investors will also be listening for any details on the search for CEO Bob Iger’s successor. Here is what Wall Street expects Disney to report […]

Alphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street’s fourth-quarter revenue expectations and announced big spending plans for its ongoing artificial intelligence buildout. The company topped earnings estimates by 2 cents per share. Revenues came in at $96.47 billion, behind the $96.56 billion expected by LSEG. Alphabet’s […]

Disney will report its fiscal first-quarter earnings before the bell on Wednesday. Wall Street expects earnings per share of $1.45 and revenue of $24.62 billion. Investors will focus on the growth of Disney’s streaming business, theme parks, and CEO Bob Iger’s successor. Subscriber growth and profit-driving measures like ad-supported tiers and password-sharing crackdowns will also […]

Alphabet’s earnings fell short of expectations as Google Cloud sales disappointed, causing shares to drop as much as 9%. The company’s revenue missed forecasts, and soaring AI investments have added to investor concerns. Despite the AI spending race continuing, Alphabet’s performance in the cloud sector has not met market expectations. — news from The New […]

President Donald Trump’s sweeping tariffs on imports from China went into effect after midnight on Tuesday, triggering retaliatory levies by Beijing. The U.S. Postal Service has suspended shipments of parcels from China and Hong Kong. Trump defended his tariffs on Truth Social, stating, “MAKE YOUR PRODUCT IN THE USA AND THERE ARE NO TARIFFS!” Economists […]

A bacon, egg, and cheese? In this economy? New York City bodegas and delis are struggling to keep the city’s signature morning sandwich affordable as egg prices soar amid a bird flu outbreak that is forcing farmers to slaughter millions of chickens a month. The breakfast staple — two eggs, a discretionary amount of bacon, […]