Investments and Business

US wholesale prices jump in July as tariffs hit

Tariffs push US wholesale prices higher in July

Jasmin Rodriguez

Wholesale prices in the U.S. saw a significant increase in July, a movement that economists attribute largely to the effects of new tariffs. The surge in costs for producers, measured…

Trump's tariffs keep coming. Stock markets don't seem to care.

Investments and Business

Trump’s tariffs persist. Stock markets keep calm.

Jasmin Rodriguez

In a surprising turn of events, financial markets across the globe are exhibiting a notable calm in the face of new tariff announcements from the Trump administration. Despite a history…

Walmart gives employees 10% discount on groceries

Investments and Business

Walmart gives staff 10% off groceries

Jasmin Rodriguez

Walmart has recently enhanced its employee benefits package by offering a 10% discount on groceries to its associates. This new policy is a significant change from past practices and is…

Trump extends China tariff deadline by another 90 days

Investments and Business

Trump pushes China tariff deadline back by 90 days

Jasmin Rodriguez

The United States and China have once again extended a trade truce, delaying a potential escalation of tariffs that would have significantly disrupted the global economy. In an executive order…

US inflation holds but underlying prices creep up

Investments and Business

US inflation unchanged as core prices accelerate

Jasmin Rodriguez

America's consumer price index (CPI) has remained steady, yet a closer look reveals a gradual increase in underlying prices. This development indicates a nuanced economic situation where headline inflation figures…

Musk threatens Apple and calls OpenAI boss a liar as feud deepens

Investments and Business

OpenAI CEO labeled a liar by Musk as Apple feud escalates

Jasmin Rodriguez

The escalating public dispute between Elon Musk, Apple, and OpenAI has reached a new level of intensity, fueled by accusations and legal threats. Musk, the owner of X and founder…

US and China agree to critical extension, preventing tariff surge on the world’s two largest economies

Investments and Business

US and China finalize important extension, halting tariff rise between world’s two biggest economies

Jasmin Rodriguez

The United States and China have reached a pivotal agreement that will extend key trade arrangements, effectively halting a potentially destabilizing surge in tariffs between the world’s two largest economies.…

China's unemployed young adults who are pretending to have jobs

Investments and Business

The rise of unemployed Chinese youth pretending to work

Jasmin Rodriguez

In recent years, a growing number of young adults in China who face unemployment have resorted to pretending they hold jobs, creating a complex social phenomenon driven by economic challenges,…

Nvidia and AMD to pay 15% of China chip sales to US

Investments and Business

Nvidia and AMD required to pay 15% of China chip sales to US

Jasmin Rodriguez

Nvidia and AMD, two leading players in the semiconductor industry, are set to allocate 15% of their revenue from chip sales in China to the United States government. This new…

The Giving Pledge was meant to turbocharge philanthropy. Few billionaires got on board.

Investments and Business

Why the world’s billionaires resisted The Giving Pledge’s philanthropy push

Jasmin Rodriguez

When Warren Buffett and Bill Gates initiated the Giving Pledge in 2010, they aimed to create a movement that would reshape philanthropy among the richest people in the world. The…