Auto giants ditch financial guidance as industry reels from Trump tariff chaos
The corporate updates come shortly after Trump imposed a 25% tariff on automotive imports into the U.S. earlier in the…
Economy
Microsoft passes its first test on U.S. tariffs with limited product exposure
If rising costs do push businesses to boost efficiency, Microsoft, with its Copilot artificial intelligence assistant, could be helpful, CEO…
Court finds Apple, executive lied under oath in Epic Games trial
Apple willfully violated and ignored a 2021 decision that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers…
Meta says China retailers are reducing digital ad spend
Chinese online retailers have cut back their spending on Facebook and Instagram ads in reaction to President Donald Trump's tough…
JetBlue to partner with another U.S. airline in the coming weeks, president says
JetBlue plans to partner with a U.S. carrier in the coming weeks. ...
Trump complained to Bezos before Amazon said it scrapped idea to display tariff cost
Amazon founder Jeff Bezos has cozied up to President Donald Trump since the Republican won a second White House term.…
Starbucks earnings miss, but coffee chain says it’s seeing ‘momentum’ with turnaround
Shares of Starbucks have fallen 8% this year, as investors worry about tariffs and how they will affect consumer spending.…
Snap plunges 11% on ‘headwinds’ to start quarter, inability to offer guidance
Snap did not offer an outlook for the second quarter, citing macroeconomic uncertainties. ...
Commerce Secretary Lutnick says one trade deal is done, but waiting on approval from unnamed country’s leaders
Lutnick said a trade deal is "done, done, done, done," but he declined to say which country he was talking…