Trade between countries is never simple. It involves many rules, taxes, and agreements that take years to negotiate. Right now, Germany has made it very clear that the United States must first reduce tariffs, or extra taxes, on cars made in Europe before a bigger trade deal between the European Union (EU) and the US …
Every year, many of the world’s most important central bankers, economists, and financial experts travel to Jackson Hole, Wyoming, for a very special meeting. This event, known as the Economic Policy Symposium, is hosted by the Kansas City Federal Reserve. It may sound like just another conference, but in reality, it is a big deal …
Oil markets across the world are preparing for a slow start as trading opens on Sunday. The reason behind this calm reaction is the recent meeting in Alaska between Russian President Vladimir Putin and American President Donald Trump. During this meeting, both leaders discussed the war in Ukraine, and for the first time, Trump said …
U.S. President Donald Trump has announced that he will soon set new tariffs on imports of steel and semiconductor chips. Speaking to reporters on Air Force One while on his way to meet Russian President Vladimir Putin in Alaska, Trump said, "I'll be setting tariffs next week and the week after on steel and on, …
Apple has announced that it will soon allow some of its watches in the United States to measure blood oxygen levels again. This feature will return through a software update after the company received approval from the U.S. government. The update comes after a long legal fight over the technology used for this health function. …
Amazon has taken another big step in its competition with other grocery delivery services. Starting now, people who use Amazon Prime can get fresh foods like strawberries, milk, meat, and even frozen dinners delivered to their homes on the very same day they order them. This move is part of Amazon’s plan to make grocery …
In July, prices in the United States went up only a little compared to the previous month. However, certain services and goods became more expensive, which pushed a key measure of inflation to its highest level in six months. This happened even though the overall increase in prices was not very large. The report, released …
In the United States, a new law is encouraging several big companies to explore creating their own stablecoins — a special kind of cryptocurrency that is tied to the value of the U.S. dollar. This could change the way people pay for things and send money, but experts believe there are still many hurdles to …
Britain’s competition watchdog has given the green light for Boeing to buy Spirit AeroSystems, one of the biggest makers of aircraft parts in the world. The decision was announced on Friday and means the UK does not see any major competition problems that would require a deeper investigation. This approval is an important step for …
Sometimes, even when a company does many things right, one small miss can grab all the attention. That is what happened to Pinterest this week. The social media platform reported that its profit for the second quarter did not meet the expectations of Wall Street experts. This overshadowed some very positive news about its rising …
On Thursday, U.S. President Donald Trump called for the immediate resignation of Lip-Bu Tan, the new chief executive officer of Intel. Trump said Tan is “highly conflicted” because of his business connections with Chinese companies. This public demand from a sitting president is rare, especially when it involves asking the head of one of America’s …
Google, the technology giant owned by Alphabet Inc., has made a big promise to help students and teachers in the United States learn more about Artificial Intelligence (AI). On Wednesday, the company announced that it will give $1 billion over the next three years to support AI learning and tools in U.S. colleges and nonprofit …
Two men from China, both 28 years old and living in California, have been arrested for sending very powerful computer chips from the United States to China without permission. These chips were made by a well-known American company called Nvidia. The U.S. government says these chips are important for artificial intelligence (AI) and shouldn’t be …
Tesla, one of the most well-known electric car companies in the U.S., has agreed to give a massive share award to its CEO, Elon Musk. This new deal is worth around $29 billion and is part of Tesla’s plan to make sure Musk stays with the company during a very important time. Tesla is now …
