Browsing: Business

Imports at the Port of Los Angeles surged in June as American retailers scrambled to bring in goods ahead of potential new tariffs, highlighting the ongoing uncertainty surrounding U.S. trade policy. The port handled 470,450 twenty-foot equivalent units (TEUs) of

Meta Platforms has announced plans to invest hundreds of billions of dollars in computing infrastructure as part of its long-term ambition to develop artificial superintelligence. The move was confirmed by Chief Executive Mark Zuckerberg, who outlined the company’s strategy in

The U.S. consumer price index (CPI) report scheduled for release on Tuesday is expected to offer critical insights into the effects of President Donald Trump’s tariff policies on inflation, particularly as price pressures appear to be mounting across several sectors

The U.S. housing market is flashing increasingly urgent warning signs, with Moody’s Analytics Chief Economist Mark Zandi calling attention to mounting risks that could weigh heavily on the broader economy. Citing persistently high mortgage rates and weakening fundamentals, Zandi recently

The United States is positioning itself to lead the next wave of the industrial revolution, with artificial intelligence (AI) at its core, through a renewed focus on leveraging domestic energy resources. This week, President Donald Trump is convening top technology

Starbucks is intensifying its push to bring remote workers back to the office, announcing that some corporate employees will be required to relocate to its headquarters in either Seattle or Toronto. The decision, outlined in a letter from Chairman and

Nvidia CEO Jensen Huang has detailed how he integrates AI into his daily work, describing a methodical approach that involves consulting multiple AI systems to arrive at more reliable answers. Speaking in a recent interview with the media, Huang likened

The European Union has announced a further delay to its planned retaliatory trade tariffs on United States exports, extending the suspension until early August to allow more time for negotiations between Brussels and Washington. European Commission President Ursula von der

U.S. stock futures declined sharply on Monday as investors reacted to the latest escalation in global trade tensions. President Donald Trump announced over the weekend that the United States will impose a 30% tariff on goods imported from both the

United States President Donald Trump has announced a sweeping 50 per cent tariff on all Brazilian imports, targeting a key trade partner that supplies the US with beef, coffee, and orange juice. The move, which Trump attributes to Brazil’s “attacks