Business

China Unveils Drone Export Controls, Sanctions on Six US Firms Over Trade Restrictions

China announced drone export controls and a ban on dealings with six American entities in response to recent US trade restrictions, deepening tensions.

Typhoon Dolphin Drives Hong Kong to Hottest Day on Record as Eastern China Evacuates Millions

Hong Kong hit 36.9C, its hottest in 142 years, as Typhoon Dolphin brought extreme heat and drove mass evacuations across eastern China.

Pentagon Presses US Defense Firms to Accelerate Weapons Output Amid Depleted Stockpiles

The Pentagon is urging US defense contractors to accelerate munitions production amid depleted stockpiles and rising global security concerns.

El-Sayed and Stevens Square Off in Closely Watched Michigan Senate Primary

Michigan Democrats choose Tuesday between progressive Abdul El-Sayed and Rep. Haley Stevens in a closely watched Senate primary for Gary Peters' open seat.

China Unveils Drone Export Controls, Sanctions on Six US Firms Over Trade Restrictions

China announced drone export controls and a ban on dealings with six American entities in response to recent US trade restrictions, deepening tensions.

BOJ Faces Pressure to Pause Rate Hikes Amid Inflation and Trade Uncertainty

The Bank of Japan is facing a critical moment in its monetary policy trajectory, as its cautious rate-hike cycle confronts new headwinds driven by...

Shell Beats Profit Expectations Despite Drop, Maintains $3.5B Buyback Plan

Shell reported a 28% decline in first-quarter net profit to $5.58 billion, yet still exceeded analyst expectations, signaling strong operational resilience amid softer energy...

Tesla Board Stands by Elon Musk Amid Investor Unease and Falling Sales

Tesla's board has reaffirmed its support for CEO Elon Musk amid growing concerns among investors regarding his recent absences, divisive political affiliations, and Tesla’s...

US Ends Tariff Exemption on Small Parcels, Impacting E-Commerce Retailers

The United States has officially ended the “de minimis” tariff exemption for e-commerce parcels under $800 originating from China and Hong Kong, leading to...

Apple Cuts Buyback, Prepares for Tariff Impact with U.S. Shift

Apple reduced its stock buyback program by $10 billion and warned that global tariffs could add around $900 million to its costs this quarter....

Global Markets Rebound as Hopes for U.S.-China Trade Talks Boost Investor Sentiment

Global stock markets rallied on Friday as optimism over potential trade talks between the United States and China helped lift investor sentiment, counterbalancing concerns...

Microsoft Increases Xbox Prices Amid Market Conditions and Higher Development Costs

Microsoft has announced that it is raising the recommended retail prices for its Xbox consoles and some controllers globally, citing “market conditions” and the...

Amazon Q1 Ad Revenue Surges 19%, Beating Expectations Amid Economic Uncertainty

Amazon reported a 19% increase in its online ad revenue for the first quarter, surpassing analysts’ expectations. Ad sales reached $13.92 billion, slightly exceeding...

Reddit Q1 Revenue Beats Expectations; Shares Soar Before Softening Due to Economic Concerns

Reddit posted strong first-quarter results, surpassing Wall Street’s expectations. The company reported earnings of 13 cents per share, well above the 2-cent estimate, and...

Airbnb Q1 Results Meet Estimates, But Disappointing Revenue Forecast Hits Shares

Airbnb reported results for the first quarter that mostly aligned with analysts' expectations, but issued a revenue forecast for the second quarter that disappointed...

Amazon Cloud Business Slows as AWS Revenue Misses Expectations

Amazon’s cloud business, Amazon Web Services (AWS), showed slower growth than expected in the first quarter, marking the third consecutive revenue miss for the...

Block Misses Expectations in First Quarter, Issues Disappointing Outlook

Block reported disappointing first-quarter results, with the company missing Wall Street’s expectations and offering a weak outlook for the remainder of the year. The...

Amazon CEO Andy Jassy Optimistic Amid Tariff Challenges and Forecasts

Amazon CEO Andy Jassy reassured investors during the company's first-quarter earnings call, expressing confidence that the retail giant could emerge from the current tariff...

Nvidia CEO Jensen Huang’s Pay Surge Reflects Company’s Massive Growth

Nvidia CEO Jensen Huang, who has amassed billions from his stake in the company, is seeing his first salary increase in a decade. According...

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