Fast-fashion retailer Forever 21’s U.S. operating company has filed for Chapter 11 bankruptcy for the second time in six years, driven by declining mall traffic and increasing competition […]
Markets
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Tesla Shares Decline Amid Musk’s Rising Political Influence
Despite Elon Musk’s increasing influence in US politics, Tesla shares have been declining. Musk’s role in the Department of Government Efficiency (DOGE) and his alignment with former President […]
Economy
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Egg Prices Drop as Demand Falls
The national average wholesale price of eggs has dropped for the third week in a row. According to reports, egg prices are declining as demand sharply falls among […]
Uncategorized
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Tesla Warns of Significant Impact from Trump’s Tariffs
Tesla has expressed concern that President Donald Trump’s tariffs are significantly affecting its operations. The electric vehicle giant announced its first annual sales decline and a 71 percent […]
Uncategorized
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US-EU Tariff Conflict Threatens $9.5 Trillion in Transatlantic Business
The American Chamber of Commerce to the EU has warned that the US-European tariff conflict is endangering $9.5 trillion worth of transatlantic business annually. According to AmCham EU’s […]
Banks
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The Fed Is in Wait-and-See Mode. Investors Want Reassurance It Will Act If Needed
Jerome Powell faces the challenge of reassuring investors about the economy’s stability while conveying that policymakers are prepared to act if necessary. Despite the Federal Reserve chair highlighting […]
Economy
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U.S. Consumers Anticipate Rising Inflation Amid Economic Uncertainty
A University of Michigan survey reveals that U.S. consumers are increasingly pessimistic about the economy, with expectations of inflation rising to 4.9% over the next year, the highest […]
Uncategorized
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Forever 21 Operator Files for Bankruptcy Amid Retail Challenges
The operator of Forever 21 in the United States filed for bankruptcy, reflecting the challenges faced by the once-popular fast-fashion brand in competing against online retailers. F21 OpCo, […]
Markets
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Gold Prices Surge Past $3,000 Amid Tariff Concerns
Gold (XAUUSD) is set to remain in the spotlight after setting a new record high above the closely watched $3,000/oz level on Friday. The precious metal received a […]
Economy
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U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
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. This marks a shift after […]