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 …
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 …
Apple has officially announced that its Worldwide Developers Conference (WWDC25) will take place from June 9 to 13. This free, all-online event promises an exciting week packed with the latest advancements in Apple technology, tools, and platforms. Developers from around the globe will tune in to connect with Apple engineers, designers, and product experts, gaining …
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 …
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 …
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 …
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, …
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. …
Ryanair is raising ticket prices following a 16% drop in annual profits caused by earlier fare reductions, despite strong demand for summer travel. The airline reported post-tax earnings of €1.61 billion (£1.35 billion) for the year ending 31 March—down from €1.92 billion (£1.61 billion) the previous year—though still its second-best result on record. Average ticket …
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 …
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 …
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 …
Tesla’s stock price went up before the market opened on Wednesday. This happened after reports said the company’s board is thinking about a new way to pay CEO Elon Musk. Last year, a court canceled Musk’s huge $98 billion pay package, calling it too big. Now, Tesla is trying to find a different solution. The …
The United States has decided to reduce taxes on small packages coming from China and Hong Kong. Earlier, these parcels faced a 120% tax, but now, the tax has been lowered to 54%. This change happened after a 90-day break in the trade fight between the US and China. President Donald Trump signed an order …
