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Shein drastically raises prices in response to tariffs: report

Business

Shein drastically raises prices in response to tariffs: report

Shein has implemented price hikes for U.S. customers in response to U.S. tariffs implemented by President Donald Trump.The e-commerce company, which was founded in China, rolled out U.S. price increases on a broad range of items starting Friday, Bloomberg reported. The higher prices hit items in several categories, including women’s clothing, home and kitchen, toys, and beauty and health, among others, according to the outlet.For instance, among the top 100 women’s clothing […]

todayApril 28, 2025 6

US corporate bond spreads tighten to four-week low as trade war calms

Business

US corporate bond spreads tighten to four-week low as trade war calms

U.S. corporate bond spreads tightened to a four-week low late last week as concerns surrounding a near month-long global trade war appeared to calm.Market risk stemming from President Donald Trump's trade policies has rocked the U.S. corporate bond market for several weeks following an April 2 announcement of widespread tariffs. But they appear to have calmed in the week following his decision to pause the levies on most countries except […]

todayApril 28, 2025 3

Grocery giant warns its suppliers that supermarket won’t be accepting tariff-related price hikes

Business

Grocery giant warns its suppliers that supermarket won’t be accepting tariff-related price hikes

America's second-largest grocery chain warned its suppliers that the retailer won’t be accepting tariff-related price hikes due to President Donald Trump’s sweeping tariff policies.Albertsons Companies, which operates more than 2,200 stores across the nation – including Kings, Balducci’s, Safeway and Randalls – informed its suppliers of the policy update in a letter last month, according to American Economic Liberties Project researcher Matt Stoller.The supermarket chain said the update was made to […]

todayApril 28, 2025 4

President Trump working on larger trade deals — not just ones involving tariffs

Business

President Trump working on larger trade deals — not just ones involving tariffs

Two Trump administration sources told FOX Business Monday that the president is working on larger trade deals with countries and that is why it is taking longer to hear announcements from the White House. The sources added that the deals go beyond lowering the Trump administration’s latest tariffs.  Japan, Vietnam, Argentina, the United Kingdom, South Korea and the European Union are most often mentioned by President Donald Trump and his trade […]

todayApril 28, 2025 4

Investors fear Big Oil could cut share buybacks as crude prices slump

Business

Investors fear Big Oil could cut share buybacks as crude prices slump

When Exxon Mobil and Chevron report first-quarter results this week, investors will be focused on how falling oil prices have increased the risk to dividends and share repurchases for the rest of 2025.Big Oil has made returning cash to investors through dividends and share repurchases a strategic cornerstone of its efforts to woo Wall Street. U.S. President Donald Trump's global tariff announcements have stoked fears of a recession and weaker […]

todayApril 28, 2025 5

Trump administration allows temporary sales of summertime higher-ethanol fuel

Business

Trump administration allows temporary sales of summertime higher-ethanol fuel

The Trump administration on Monday issued an emergency waiver to allow the sale of a higher-ethanol gasoline blend to be sold this summer nationwide, saying it will add to fuel supply during the peak U.S. driving season and bring down costs.The move likely will benefit biofuel producers and corn farmers, as it is expected to expand the market for their products. Both industries have pushed for nationwide year-round sales of […]

todayApril 28, 2025 11

‘Drill, Baby, Drill’: White House cheers first production from new Gulf of America oil field

Business

‘Drill, Baby, Drill’: White House cheers first production from new Gulf of America oil field

The first oil production from a joint U.S.-French corporate venture in the Gulf of America was a welcome indication that President Donald Trump’s agenda to "unleash American energy dominance" is taking shape, the White House told FOX Business.American energy titan Chevron and French firm TotalEnergies announced the start of production last week from the deep-water Ballymore oil field off the coast of Louisiana and Mississippi, in what is a 60-40 […]

todayApril 28, 2025 3

Car lover’s $29M home in Fort Lauderdale, Florida, is on the market

Business

Car lover’s $29M home in Fort Lauderdale, Florida, is on the market

A home with room for seven cars in its garages is on the market in South Florida.The waterfront property, situated in sunny Fort Lauderdale, carries a price tag of just shy of $29 million, according to its listing with Douglas Elliman’s Julie Jones.The Modern Mediterranean-style main house boasts nearly 7,700 square feet of living space. It features a total of five bedrooms, with six full bathrooms scattered throughout.It underwent an […]

todayApril 27, 2025 7

Courtney Love’s former New York home on the market for $9.45 million

Business

Courtney Love’s former New York home on the market for $9.45 million

Courtney Love's former home in New York is looking for its new owner.The Manhattan loft has been placed on the market for $9.45 million by its current owners Stefan Sonnenfeld and Missy Papageorge, both of whom are co-founders of Company 3.Love reportedly purchased the apartment in 2001 for $2.6 million, and lived there for five years before selling it for $5 million in 2006. The current owners then purchased the […]

todayApril 27, 2025 4