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.

Apple CEO Discusses Impact of Trump Tariffs on Company Operations

Apple CEO Tim Cook addressed investors on the company’s second-quarter earnings call, revealing how the company has managed the impact of the Trump administration’s...

Venmo Outperforms Cash App in Peer-to-Peer Payments Market

In the competitive peer-to-peer payments market, Venmo is gaining traction, while Cash App is facing challenges. Both companies reported their quarterly earnings this week,...

Builders Vision Names Noelle Laing as Chief Investment Officer

Builders Vision, the family office of billionaire Walmart heir Lukas Walton, has promoted Noelle Laing to chief investment officer. The Chicago-based organization, known for...

U.S. Considers Modified Qatari 747 as Alternative to Delayed Air Force One

The United States is reportedly collaborating with L3Harris Technologies to convert a used Qatari government Boeing 747 into a potential replacement for the delayed...

Inside the World of High-Net-Worth Horse Investors at the Kentucky Derby

The 151st Kentucky Derby kicks off this Saturday, with the winner taking home $3.1 million from a $5 million purse. Among the crowd at...

CVS Health Beats Q1 Estimates and Raises 2025 Forecast Amid Insurance Gains

CVS Health reported stronger-than-expected first-quarter earnings and revenue, with improvements in its insurance division driving optimism and prompting an upward revision of full-year adjusted...

Eli Lilly Reports Q1 Revenue Surge Driven by Mounjaro and Zepbound Sales

Eli Lilly posted strong first-quarter results, exceeding analyst expectations for both revenue and earnings, largely driven by soaring demand for its diabetes and weight...

Amazon Revives Theatrical Movie Market with Major Film Investments

Amazon is reshaping the cinematic landscape with a significant push into theatrical releases, pledging to spend around $1 billion annually to produce 12 to...

GM Cuts 2025 Outlook Amid $5 Billion Tariff Impact

General Motors has revised its financial guidance for 2025, adjusting for a projected $4 billion to $5 billion negative impact from recently implemented auto...

U.S. Auto Sales Surge in April Ahead of Tariff-Driven Price Hikes

Automakers including Ford, Hyundai, and Kia experienced strong year-over-year growth in U.S. vehicle sales for April, as consumers accelerated their purchases to avoid anticipated...

Eli Lilly CEO Questions Need for Drug Tariffs Amid U.S. Manufacturing Push

Eli Lilly CEO Dave Ricks has expressed a willingness to support national security efforts by helping secure the U.S. supply of essential medicines, as...

McDonald’s Posts Weak Q1 Sales as U.S. Traffic Declines Sharply

McDonald’s reported mixed results for the first quarter, revealing its sharpest domestic decline in same-store sales since the early months of the COVID-19 pandemic....

Trump’s Second Term Fuels Energy Uncertainty as Oil Prices Plummet

Just 100 days into President Donald Trump's second term, U.S. oil prices have declined more than 20%, slipping below the breakeven point for many...

CSL Assesses Tariff Exemptions for U.S.-Made Drugs Amid China-U.S. Trade Tensions

Australian biotechnology firm CSL Ltd has confirmed it is evaluating whether some of its U.S.-made medicines, particularly those used in surgical procedures, are included...

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