Nike says tariffs will cost it $1 billion before price increases, supply chain shifts
Nike said its fiscal fourth quarter will see the worst of its turnaround efforts, but investors are wondering if sales…
Category: Economy
China confirms details of U.S. trade deal
The statement came after U.S. President Donald Trump said that both sides had signed a trade deal, without providing further…
Micron reports earnings, revenue beat and issues strong forecast
Micron reported earnings and revenue on Wednesday that exceeded analysts' estimates. ...
Meta wins AI copyright case, but judge says others could bring lawsuits
Meta prevailed in a copyright case involving its AI model, but the federal judge left the door open for others…
Divided Fed proposes rule to ease capital requirements for big Wall Street banks
The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate.…
Trump CIA chief says Iran nuclear program was ‘severely damaged,’ countering reports of U.S. intel assessment
Trump ordered U.S. strikes on Iranian nuclear sites as part of its support for Israel, then days later announced a…
Nvidia shares hit record as AI chipmaker again becomes world’s most valuable company
Nvidia closed at an all-time high as investors gain confidence that the chipmaker will power through China restrictions. ...
Amazon bringing faster delivery to thousands of small towns and cities
Amazon previously said it would spend $4 billion by the end of 2026 to triple the size of its rural…
Many insurance underwriters won’t offer coverage to U.S., Israel, U.K.-linked vessels at any price
Many underwriters in maritime insurance won't offer coverage to shipping vessels linked to the U.S., Israel or U.K. as the…