Waymo, Alphabet’s self-driving car division, is scaling up its manufacturing facility in Mesa, Arizona, to produce thousands of autonomous vehicles. The new plant will transform Jaguar I-PACEs into […]
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Hispanic Consumers Cut Back on Grocery Spending Amid Economic and Immigration Concerns
Hispanic consumers are reducing their grocery spending, impacting companies such as Coca-Cola, Constellation Brands, and Colgate-Palmolive. A fifth of the U.S. population identifies as Hispanic or Latino, making […]
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Barbie Price Hike Due to Trump’s Tariffs on Chinese Toys
Barbie dolls are set to become more expensive due to tariffs imposed by U.S. President Donald Trump. Following Trump’s imposition of tariffs on toys made in China, Mattel, […]
Markets
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Warren Buffett Steps Down: What’s Next for Berkshire Hathaway?
Warren Buffett, at the age of 94, has stepped down as Berkshire Hathaway CEO, marking a significant transition for the company known for delivering over a 5,000,000% return […]
Markets
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Asian Currencies Surge Amid Dollar Selling Wave
SINGAPORE/SHANGHAI, May 6 (Reuters) – A significant wave of dollar selling in Asia is raising concerns for the greenback as the region’s export powerhouse questions a long-standing trend […]
Economy
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Bessent Says Trump’s Tariffs, Tax Cuts, and Deregulation Will Boost US Growth and Investment
According to Bessent, the tariffs imposed by Trump, along with tax cuts and deregulation measures, are expected to significantly drive US economic growth and encourage investment. These policies […]
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Trump Tariffs Impact Major Companies: Ford and Mattel Issue Warnings
Mattel, the maker of Barbie, plans to increase the prices of some toys in the US due to rising costs from President Donald Trump’s tariffs. The company also […]
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Ford Suspends Financial Guidance Due to $1.5 Billion Impact from Trump’s Tariffs
Ford Motor Co. has suspended its full-year financial guidance, citing President Donald Trump’s auto tariffs as a significant factor affecting its profits. The company anticipates that these tariffs […]
Economy
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Treasury Secretary Bessent Appeals to Investors at Milken Conference
Treasury Secretary Scott Bessent outlined President Donald Trump’s “America First Vision” during a speech at the Milken Institute Global Conference, appealing to global investors. Bessent emphasized the administration’s […]
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Ford Warns of $1.5 Billion Profit Loss Due to Tariffs in 2025
Ford Motor Company announced that the Trump administration’s tariff policies are expected to reduce its 2025 profit, before interest and taxes, by approximately $1.5 billion. The company also […]