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The Latest Breaking News on Business

People feel so bad about the economy because of tariffs and inflation that consumer confidence sank to a 13-year low

President Donald Trump’s tariff policies have largely impacted how consumers feel about the economy.

Fortune

UPS To Cut 20,000 Jobs, Close 73 Facilities Amid Amazon Delivery Pullback And Cost Cuts

The company reported $21.5 billion in revenue for the most recent quarter and projects savings of $3.5 billion this year through its consolidation efforts.

International Business Times

China's export orders dip in April as Trump's tariffs begin to bite

Monthly surveys of Chinese factory managers shows export orders slowed in April as higher tariffs on U.S. imports began to kick in

The Independent UK

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Japan Tariff Envoy Departs For Round Two Of US Talks

Tokyo's tariffs envoy departed Wednesday for a second round of negotiations in Washington, where Japan could offer concessions such as tweaking vehicle import procedures to secure relief from Donald Trump's trade levies.

International Business Times

Trump reveals plans to ease tariff impact on US carmakers

US president will curb some duties on foreign parts in domestically manufactured cars, administration says

The Guardian - UK

Crude Oil Prices Fall Sharply on Energy Demand Concerns

June WTI crude oil (CLM25 ) Tuesday closed down -1.63 (-2.63%), and June RBOB gasoline (RBM25 ) closed down -0.0368 (-1.76%). Crude oil and gasoline prices on Tuesday fell sharply, with crude dropping to a 1-1/2 week low. Tuesday's weaker-than-expected US job openings and consumer confidence reports were negative for...

Barchart

2 Warren Buffett-Backed Dividend Stocks to Buy Now Amid the Market Selloff

These Buffett-backed stocks are a great way to invest safely and smartly.

Barchart

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Samsung Electronics Posts 22% Jump In Q1 Net Profit

South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs.

International Business Times

"Bing was not as bad as I thought it was" — search engine gets backhanded compliment as experts explore why people use Google

A new study shows users stick with Google mostly out of habit and default settings. Claims many had never tried another search engine extensively before.

Windows Central

US Growth Figure Expected To Make For Tough Reading For Trump

US GDP figures for the first quarter are expected to show a sharp drop-off in growth -- and possibly even a recession -- reflecting a surge in imports before President Donald Trump's sweeping tariffs came into effect.

International Business Times

Amazon Haul Considered Displaying Tariff Charges on Some Products

How much will tariffs increase Amazon's prices?

Kiplinger

Prosecutors seek 20-year prison term for founder of failed crypto platform Celsius Network

Prosecutors say the founder and former CEO of the failed cryptocurrency lending platform Celsius Network should face 20 years behind bars for telling lies and engaging in self-dealing that cost customers billions of dollars in losses

The Independent UK

Generative AI isn't biting into wages, replacing workers, and isn't saving time, economists say

Generative AI isn't actually saving workers that much time, plus it could be adding to some workloads.

TechRadar

Starbucks hatches new plan to cut customers’ waiting times

The Seattle-based company is going to test the new time-saving technology at hundreds of stores

The Independent UK

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Reason

Trump Is Repeating Biden's AI Mistakes

Export controls on advanced chips and AI models hold back innovation and hurt American businesses.

Investors Business Daily

Snap Stock Tumbles After Social Media Company Withholds Guidance, Cites Trade Headwinds

Snap stock tumbled Wednesday after the Snapchat parent company said it would not provide its usual sales guidance.

Investors Business Daily

Booking Stock Falls Despite Earnings Beat. Travel Firm Facing Market 'Uncertainty.'

Booking stock slipped late Tuesday despite the travel booking company reporting a Q1 beat.

InsideEVs

GM’s Orion Plant Was Supposed To Be All-EV. Now, Maybe Not

General Motors announced it was investing $4 billion to expand its Orion assembly plant in suburban Detroit and retool it for electric vehicle production, but that may not happen as initially announced, Automotive News reported.

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news in one place.

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The Independent UK

JetBlue to announce partnership with US carrier after deal with American Airlines collapsed in acrimony

American Airlines is now suing JetBlue after a proposed partnership was stopped by an antitrust lawsuit

International Business Times

US Consumer Confidence Hits Lowest Level Since Onset Of Pandemic

US consumer confidence has fallen to its lowest level since the onset of the Covid-19 pandemic, according to survey data published Tuesday, reflecting concerns about President Donald Trump's tariff plans.

The Independent UK

UPS reveals it is cutting 20,000 jobs amid decrease in Amazon deliveries

Company also cited ‘uncertainty’ around wider global economy amid ongoing Trump tariffs

Barchart

Earnings Preview: What To Expect From AutoZone's Report

AutoZone is scheduled to report its third-quarter results next month, and analysts expect a single-digit earnings growth.

InsideEVs

Nissan's Turnaround Plan Almost Convinced Me. Then The Bomb Dropped.

I was wrapping up my visit to Nissan’s headquarters in Yokohama, Japan, waiting in the lobby of the hotel for my ride to the airport. I was feeling cautiously optimistic about Nissan’s turnaround plan after long conversations with the incoming CEO and other executives. The company is bringing hybrids and plug-ins…

The Independent UK

White House scales back auto tariffs after industry panic: ‘It’s a little bit of help’

Trump signed a new set of executive orders, which will provide some relief for US automakers who feared the toll of stacking tariffs on prices

The Guardian - US

White House calls Amazon ‘hostile’ for reportedly planning to list tariff costs

US press secretary criticizes e-commerce giant after report says company will inform customers how much tariffs will cost them

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