Corporate news, financial markets, and economic trends
Walmart customers should prepare for higher prices starting this month, as the retail giant responds to new U.S. tariffs impacting imported goods. Why Prices Are Going Up Walmart is making a move that could affect millions of households: raising prices on everyday items. The company says it has no choice but to do this because…
Ford Issues Recall of SUVs Over Sudden Brake Malfunction Picture the scary thought of your car brakes suddenly failing on the highway. Ford is urging some Expedition and Navigator owners to get their SUVs checked because a small brake part could break, causing you to lose power to help stop. It’s a serious safety concern,…
ESPN’s $30 Stream App Aims to Revolutionize Sports Viewing Sports giant ESPN is stepping into the future with a bold new plan: its very own standalone streaming service. Starting this fall, fans will be able to watch all their favorite sports directly through ESPN—no cable subscription required. Two Plans, One Big Goal The streaming platform will…
According to Toyota Motor Corporation’s recent dismal forecast, operating income for the fiscal year ending March 2026 will drop by 21%. This is due to a number of difficult circumstances, including high tariffs, volatile exchange rates, and rising material prices. U.S. Tariffs Take a Brunt One of the biggest weights on Toyota’s bottom line is…
President Trump says a new trade agreement is coming soon, following weeks of global tension and price spikes caused by his sudden tariff hikes. A Mysterious Deal on the Horizon President Donald Trump has surprised the world with news of an upcoming trade deal. Without naming the country, he described it as a “BIG, AND…
On April 28, 2025, Newark Liberty International Airport was hit with a 90-second communication shutdown. Air traffic controllers lost contact with arriving aircraft during that time. A United Airlines pilot asked, “Are you there?” as he tried to make contact with controllers. What Caused the Outage? The blackout resulted from a malfunction in the stream…
OpenAI confirms its nonprofit arm will stay in control, even as it restructures to raise funds and grow faster in AI. A New Chapter for OpenAI OpenAI has made a big announcement. The company says it will stay under nonprofit control despite a major restructuring. The plan is to turn its for-profit arm into a…
A Glimmer of Hope in Ongoing Trade Disputes Asian equities saw a significant increase on Friday, lifted by reports that the years of US-China trade tensions may be easing. China’s Commerce Ministry showed openness to restarting trade talks, as long as the U.S. comes with good intentions. This news provided some relief for investors following…
The European Central Bank is advising eurozone banks to adjust to a leaner liquidity environment by embracing its standard refinancing tools as a routine part of financial management. From Overflow to Optimization For more than a decade, eurozone banks have operated with an abundance of liquidity. Thanks to policies like asset purchase programs and TLTROs…
Policy Overhaul Sparks Alarm Meta’s recent move to relax content moderation sparked a sharp rebuke from its Oversight Board, an independent body established to oversee ethical decisions. The policy changes, introduced in January, included scrapping U.S. fact-checking and easing rules around sensitive topics like gender identity and immigration. The Board expressed concern that these decisions…
