Critical minerals such as cobalt, nickel, copper and manganese can be found in potato-sized nodules at the bottom of the seafloor. Pallava Bagla | Corbis News | Getty Images U.S. President Donald Trump has signed a sweeping executive order to jump-start the controversial practice of deep-sea mining, seeking to offset China’s dominant position in critical … Read more
Nurphoto | Nurphoto | Getty Images Merck on Thursday lowered its full-year profit guidance, citing $200 million in estimated costs for tariffs and a charge tied to a recent deal. The company now expects its 2025 adjusted earnings to come in between $8.82 and $8.97, down slightly from a previous outlook of $8.88 to $9.03 … Read more
A Chipotle store stands in the Bronx on April 23, 2025 in New York City. Spencer Platt | Getty Images From Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an already shaky consumer. At least a dozen companies have … Read more
Procter & Gamble on Thursday reported mixed quarterly results as demand for its products fell, gave a dimmer outlook for the current quarter and said price hikes could be coming. The company, which owns Tide and Charmin, slashed its forecast for core earnings per share and revenue for the full fiscal year, which is in … Read more
China has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods. Bloomberg | Bloomberg | Getty Images Boeing could hand over some of its aircraft that were destined … Read more
The U.S. tariff rate on Chinese goods now stands at 145%, according to The White House. Spencer Platt | Getty Images News | Getty Images While recent news of United States President Donald Trump’s on-again off-again tariffs has led to wild swings in markets and shaken businesses globally, companies that rely on open trade between … Read more
People shopping at a Chagee store in Shanghai, China, on Oct. 18, 2023. Costfoto | Nurphoto | Getty Images Shares of Chinese tea chain Chagee climbed 20% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between Washington and Beijing. The stock, which is trading on the … Read more
Washington, D.C. – April 15, 2025 Former National Security Advisor John Bolton has sounded the alarm on President Donald Trump’s tariff policies, arguing they are eroding U.S. credibility with allies while handing China a strategic edge. In a CNBC interview on April 14, Bolton called Trump’s approach—imposing sweeping tariffs on friends and foes alike—“economic illiteracy” … Read more
A decide in Singapore granted bail to 3 males suspected of deceiving suppliers of server computer systems that will include Nvidia chips affected by U.S. export guidelines that bar the sale of them to sure nations, as a path to halting them being offered to organizations in China. The transfer comes almost two weeks after … Read more