Month: May 2025
Hispanic shoppers are spending less on groceries, putting pressure on consumer companies
Miami, Hialeah Gardens, Florida, Walmart Supercenter, checkout line cashier, customers paying. Jeff Greenberg | Universal Images Group | Getty Images Hispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said during recent earnings calls. Coca-Cola, Constellation Brands and Colgate-Palmolive are among the companies that have reported a slowdown […]
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Airfare, produce and TVs: Which prices are falling for consumers
Key Points Consumers are seeing prices fall in certain pockets of the U.S. economy, even as the overall inflation rate remains elevated. Airline fares, produce, consumer electronics and energy are among the broad categories seeing declines, according to the consumer price index. President Donald Trump said Friday that gasoline prices had dipped to $1.98 per […]
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Fashion retailer Hugo Boss shares pop 5% on better-than-feared first-quarter sales
A Hugo Boss store in Berlin, Germany, on Tuesday, April 25, 2023. Bloomberg | Getty Images Shares of Hugo Boss jumped on Tuesday after it posted a lower-than-feared decline in first-quarter sales and reiterated its full-year guidance despite macroeconomic and tariff uncertainty. The high-end German retailer said revenues fell 2% on a currency adjusted basis […]
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Euro zone economic growth slows in April, services near stagnation, PMI shows
An employee places an item in the window display at a delicatessen in the Piazza Campo di Fiori in Rome, Italy, on Tuesday, Dec. 6, 2016. Bloomberg | Bloomberg | Getty Images The euro zone economy continued to expand in April but at a slower pace as demand weakened and the dominant services sector nearly […]
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Germany’s Merz fails to be elected chancellor in shock first-round parliamentary vote
Friedrich Merz, designated Federal Chancellor (CDU), is pictured during the signing of the coalition agreement between the SPD, CDU, and CSU on May 05, 2025 in Berlin, Germany. Florian Gaertner | Photothek | Getty Images Friedrich Merz failed to get the majority needed to become German chancellor in a parliamentary vote Tuesday. Merz needed at […]
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Temu and Shein face massive tariffs. But don’t count them out of the U.S. e-tail scene, experts say
Photo illustration of the Shein app on the App Store reflected in the Temu logo. Stefani Reynolds | Afp | Getty Images The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein’s business model in the United States. And yet the e-commerce companies are likely to remain a dominant […]
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U.S. seeks breakup of Google’s ad-tech products after judge finds illegal monopoly
A Google logo displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images The U.S. Department of Justice has proposed that Alphabet’s Google divest its AdX advertising marketplace and ad server DFP, a court filing showed Monday, after a federal judge found the company illegally dominated two online ad-tech markets. The judge set a September trial […]
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DoorDash to acquire British food delivery firm Deliveroo in $3.9 billion deal
A Deliveroo rider near Victoria station in London, England, on March 31, 2021. Dan Kitwood | Getty Images LONDON — British food delivery firm Deliveroo on Monday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion ($3.9 billion). Deliveroo, which lets users order hot meals […]
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CNBC Daily Open: The Trump movie thriller no one wants to watch
An Oscar statue being set up on the red carpet for the 97th Academy Awards at the Dolby Theatre on Feb 28, 2025, in Hollywood, California. Aaronp | Bauer-Griffin | Getty Images Out of all the tariff actions U.S. President Donald Trump has announced, the 100% levy on movies produced outside the U.S. ranks as […]
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Federal judge says results of North Carolina court race with Democrat ahead must be certified
Demonstrators gather to protest on Presidents’ Day for the NC Supreme Court race in which Judge Griffin attempted to invalidate more than 65,000 ballots in Charlotte NC, United States on February 17, 2025. Anadolu | Anadolu | Getty Images Disputed ballots in the still unresolved 2024 race for a North Carolina Supreme Court seat must remain in the final count, […]
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