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Temu PDD Holdings Shares Drop Sharply After Disappointing Q1 Earnings Report
PDD Holdings, the company that owns the popular shopping app Temu, saw its stock price fall by more than 13% after announcing weaker-than-expected earnings for the first quarter of 2025. Investors were unhappy because the company’s profits and revenue were much lower than what experts had predicted. The company reported earnings per share (EPS) of […] More
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US Retail Giant Target Faces Sales Drop Due to Trump Tariffs and Policy Changes
Target, a popular US retail store, has reported a big drop in sales. The company says this is because of new trade taxes (called tariffs) and other challenges. Sales fell by 5.7% in the last three months. Target also faced problems after it stopped some diversity and inclusion programs. Why Are Sales Down?Target sells things […] More
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FTC Drops Legal Fight Against Microsoft’s $69B Activision Deal, Closing Biden-Era Challenge
The Federal Trade Commission has officially abandoned its attempt to block Microsoft’s $69 billion acquisition of Activision Blizzard, marking the end of one of the most high-profile antitrust challenges initiated during the Biden administration. In an order issued Thursday, the FTC stated that it would dismiss the case, concluding that “the public interest is best […] More
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US Air Traffic Controllers Blame Trump-Era Plan for Newark Airport Chaos
Newark Liberty International Airport has had a very tough month. Many flights have been delayed or canceled because of problems with the airport’s communication and radar systems. Air traffic controllers, the people who guide planes safely in the sky, say these issues started because of a plan made during former President Donald Trump’s time in […] More
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US Importers Rush to Set Up Bonded Warehouses as Trump Tariffs Bite
Many US companies that import goods from China are quickly turning their warehouses into special “bonded” storage spaces. These bonded warehouses allow them to delay paying high tariffs set by former President Donald Trump. The companies hope these tariffs won’t last long, but for now, they need a way to save money while storing their […] More
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US-China Tensions Rise as Tesla’s Battery Maker CATL Sees Big Jump in Hong Kong IPO
The world’s biggest electric vehicle (EV) battery maker, Contemporary Amperex Technology Co Limited (CATL), saw its shares rise sharply on its first day of trading in Hong Kong. The company, which supplies batteries to Tesla, Volkswagen, and Toyota, made the largest initial public offering (IPO) of the year. Despite tensions between the US and China, […] More
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How Trump’s Crypto Partners in the U.S. Left Their Old Clients Behind
In May 2023, a man named Jonathan Lopez put a lot of money—about $1 million—in a small U.S.-based crypto company called Dough Finance. Jonathan, who lives in Miami and works as a motivational speaker, believed this was a good chance to grow his money quickly. The platform promised to make tricky crypto deals very simple. […] More
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Vietnam and US Hold Talks to Lower High Import Taxes
Vietnam and the United States recently had an important meeting to discuss reducing a heavy tax that the US plans to impose on Vietnamese goods. The tax could be as high as 46%, which would make Vietnamese products much more expensive in the US. This could hurt Vietnam’s economy because the US is its biggest […] More
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US Stock Markets Hold Steady but Set for Strong Weekly Gains Amid Trade Hopes
The US stock market showed little movement on Friday, but it was still heading for solid weekly gains thanks to positive news about trade relations and easing inflation. Investors were also keeping an eye on an important vote regarding tax laws that could impact the economy. Earlier in the week, stocks had jumped after the […] More
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Walmart Warns of Higher Prices in the US, Avoids Profit Forecast Due to Tariffs
Walmart, one of the biggest stores in the US, has said that prices for some items will go up soon because of new taxes on imported goods, called tariffs. The company also did not share its expected profits for the next three months because of these uncertain changes in trade rules. Even though Walmart’s sales […] More
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