Offshore workers examine hydrocarbon samples aboard the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico off the coast of Louisiana, U.S., on Friday, May 18, 2018. Luke Sharrett | Bloomberg | Getty Images Energy giant Chevron used the phrase “Gulf of America” repeatedly in its earnings […]
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Shein ramps up charm offensive as London IPO nears
A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | Reuters Shein is ramping up its charm offensive again as the fast fashion giant eyes a public listing in London as soon as this year. […]
Here’s what Trump’s tariff threat looks like on the ground in China
As President Donald Trump threatens to impose his first tranche of tariffs on the world Saturday, Chinese manufacturers are bracing for impact. Though Trump is pledging to take his biggest initial swing at Canada and Mexico with a proposed 25% tariff, the U.S. president has suggested China is still on […]
Atlassian hits 52-week high after reporting better-than-expected earnings, revenue outlook
Mike Cannon-Brookes, co-founder of software company Atlassian Corp., in Sydney, Australia, Dec. 6, 2023. Lisa Maree Williams | Bloomberg | Getty Images Atlassian shares popped 18% after the software company blew past Wall Street’s fiscal second-quarter earnings and guidance expectations. The stock traded near a fresh 52-week high and was […]
Key Fed measure shows core inflation at 2.8%, in line with expectations
Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target, the Commerce Department reported Friday. The personal consumption expenditures price index increased 2.6% on a year-over-year basis in December, 0.2 percentage point higher than the […]
LVMH watch and jewelry CEOs see luxury sales picking up in 2025
After a year of declines, sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company’s brand CEOs. In its earnings call this week, LVMH reported that sales for its watches and jewelry group increased […]
Implemented or not, Trump’s 25% tariff threat is challenging the auto industry
A car carrier trailer waits in line next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025. Guillermo Arias | AFP | Getty Images DETROIT — As President Donald Trump’s threat to impose 25% tariffs […]
TikTok’s traffic bounces back despite being pulled off app stores, fears of shutdown
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025. Dado Ruvic | Reuters TikTok has nearly bounced back to its original traffic levels after usage fell 85% when the app temporarily shut down earlier this month, according to […]
FDA approves Vertex’s non-opioid painkiller, first new kind of pain medicine in decades
The Food and Drug Administration on Thursday approved Vertex Pharmaceuticals‘ non-opioid painkiller pill, a new alternative for pain relief that comes without the risk of addiction. Vertex is now the first drugmaker in decades to gain U.S. approval for a new type of pain medicine. It’s a milestone after a […]
Trump says 25% tariffs on Mexico and Canada may not include oil: ‘Oil is going to have nothing to do with it as far as I’m concerned’
President Donald Trump speaks to members of the press in the Oval Office of the White House on Jan. 30, 2025. Kent Nishimura for The Washington Post | Getty Images Donald Trump has confirmed he will impose 25% tariffs on imports from Mexico and Canada from February, following through on […]