Browsing: Business

The U.S. will impose tariffs on all low-value imports starting August 29, ending the de minimis exemption and impacting global e-commerce supply chains.

Meta shares surged after unveiling plans to double AI investment to $72B in 2025, aiming to expand infrastructure and dominate next-gen computing.

Grocery and consumer goods prices in the US are climbing as new tariffs take effect, forcing retailers to pass rising costs on to everyday shoppers.

Poland may lose $2.16 billion due to new US tariffs on EU goods, with key sectors like manufacturing and agriculture expected to suffer the greatest impact.

HSBC’s first-half profit fell 26% to $15.8B due to China impairments and real estate losses, prompting a $3B buyback amid ongoing restructuring.

Adidas warned US import tariffs will add €200 million in costs, possibly raising US prices, while holding its full-year outlook amid trade uncertainty.

Novo Nordisk shares dropped 20% after cutting full-year guidance and naming a new CEO, citing U.S. market weakness for Wegovy and Ozempic.

Boeing reduced quarterly losses to $176 million and delivered 150 aircraft, marking its best operational quarter since 2018 under CEO Kelly Ortberg.

Barclays beat second-quarter profit forecasts, driven by strong trading in fixed income and equities, while investment banking performance remained soft.

China could lose $485 billion in US exports by 2027 as tariffs rise, shifting trade flows to Russia, Vietnam, and others amid global supply rebalancing.