The Biden administration intends to increase tariffs on Chinese imports of electric vehicles (EVs) from 25 percent to 100 percent, as part of its heightened endeavors preceding the US election to safeguard American industry. Anticipated to be announced on Tuesday, ...
Americans’ confidence in various leaders regarding the economy reflects their perceptions of the nation’s economic space, with skepticism prevalent across the board. President Joe Biden’s confidence ratings, particularly regarding economic matters, are among the lowest Gallup has recorded for any ...
Ulta Beauty anticipates a slowdown in the beauty retail sector’s most resilient segment, but an emerging player, Oddity Tech, claims to defy this trend. Oddity Tech, an Israeli cosmetics platform utilizing artificial intelligence for product development, has exceeded expectations with ...
On Wednesday, British neobank Monzo announced an additional $190 million raised, bringing its total fundraising for the year to $610 million. The funding was secured from new investors, including Hedosophia, known for backing prominent European fintechs like N26 and Qonto, ...
A former government adviser cautioned China against the risks of overcapacity and emphasized the importance of prudently crafting industrial policies to guide enterprises, particularly in light of Beijing’s emphasis on advancing its hi-tech sector to drive economic growth and foster ...
On Wednesday, iron ore futures prices experienced a decline amidst growing inventories at Chinese ports, despite expectations for increased intervention in the nation’s struggling property sector. The most active September iron ore contract on China’s Dalian Commodity Exchange (DCE) concluded ...
Collapsed cryptocurrency exchange, FTX says it has billions of dollars more than it needs to repay customers. The firm says that once it has sold off its remaining assets, it will have as much as $16.3bn (£13bn) to cover the ...
On Monday, Citigroup CEO Jane Fraser remarked on the divergence in consumer behavior amid rising inflation for goods and services, acknowledging the challenges faced by many Americans. Fraser, at the helm of one of the largest U.S. credit card issuers, ...
Monster Beverage has kicked off the year with a bang, boasting a robust 12% surge in revenue during the first quarter. This impressive growth has been fueled by unwavering consumer demand for its energy drinks, particularly the high-end offerings, coupled ...
In a sweet victory for Hershey (HSY.N), the chocolate giant has surpassed market expectations for its first-quarter sales and profits. Bolstered by higher prices and unwavering consumer demand, Hershey’s reported robust financial results, showcasing its resilience in the face of ...