Business

Stocks fell on Monday as investors watched for signs of progress on trade talks, and after President Donald Trump continued criticizing Federal Reserve Chairman Jerome Powell.The Dow Jones Industrial Average tumbled more than 1,200 points, or 3.2%, while the S&P 500 and Nasdaq Composite were down 3.2% and 3.4%, respectively.Trump, in a post on Truth Social, attacked Powell and claimed energy costs and food prices are "substantially lower" and that […]

World Economic Forum founder Klaus Schwab, who recently turned 87, has stepped down from the organization's board of trustees."Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect," Schwab told the board, according to a WEF news release.The WEF's board of trustees includes notable figures such […]

Chinese airlines have begun returning Boeing aircraft to the U.S., with one 737 Max recently landing back at a Boeing production hub in Seattle over the weekend, according to Reuters.Saturday’s return occurred shortly after China ordered its airlines not to take further deliveries of Boeing aircraft in response to the U.S. imposing 145% tariffs on Chinese goods, Bloomberg News reported last week.A trio of 737 Max 8 jets that were […]

From favored trade status to forced technology transfers, Beijing leveraged American goodwill, market access and corporate greed to become Washington’s most powerful strategic competitor.Around the turn of the century, the U.S. gave up its market dominance on critical minerals, began mass-importing Chinese goods and exporting intellectual property to access Chinese markets – all while the Chinese Communist Party grew into America's biggest foe. "The Chinese have been predatory, and they've engaged […]

Linda Evangelista is ready to part ways with her New York City penthouse.The supermodel has placed her Manhattan apartment on the market for $8.2 million, in partnership with Steve Gold of The Corcoran Group, who holds the listing.Located in the historic Spears Building in West Chelsea, originally built in the 1880s, the 4,022-square-foot home offers four bedrooms and two bathrooms, as well as an additional 2,500 square feet of private […]

Wawa has opened up shop in Ohio.The popular convenience store chain’s first location in the Buckeye State held its grand opening on Wednesday morning in Liberty Township, not far from Cincinnati. The grand opening event, which took place on Wawa’s 61st anniversary, involved announcements of grants to local "community partners," a "Hoagies for Heroes hoagie-building contest" and a ribbon-cutting, according to Wawa. The new Liberty Township store paves the way for Wawa’s […]

The multinational logistics company DHL Express said it would suspend global shipments worth more than $800 to American consumers, including from Hong Kong, due to U.S. customs regulatory changes.DHL, which is headquartered in Germany, said the suspension of shipments would begin on Monday. The company said the move is a temporary measure.The company said the decision was made in response to new U.S. customs rules requiring formal entry processing on […]

Sam's Club, the Walmart-owned membership warehouse, is rolling out a major change to its grocery payment system and embracing artificial intelligence (AI). The retail giant plans to phase out traditional checkouts across its 600 stores and create a friction-free shopping experience which will include customers scanning goods on the go with an app and then having and AI scanner verify the goods as customers leave. The technology would eliminate the need for receipt […]

President Donald Trump said this week that a trade deal with the European Union would "100% happen" as the continent looks to avoid the 20% tariffs set to be enacted come July. But as China looks to navigate a world in which it operates under 145% tariffs, it is likely looking to expand its trade ties with the EU, and could look to interfere in Trump’s plans for an EU deal. The […]