Economy
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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Stocks making the biggest moves after hours: Palantir Technologies, Ford Motor, Mattel, Clorox and more
Check out the companies making headlines in extended trading. Palantir Technologies — Shares dropped nearly 7% after the defense tech company reported first-quarter earnings that were in line with Wall Street’s expectations. Adjusted earnings of 13 cents per share came in-line with the consensus estimate, per LSEG. Palantir reported $884 million in revenue, topping the […]
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Trump says U.S. girls ‘could be very happy’ with lots fewer dolls under new tariffs
U.S. President Donald Trump speaks with the media aboard Air Force One as he flies from West Palm Beach, Florida en route to Joint Base Andrews in Maryland, on May 4, 2025, returning to the White House after spending the weekend in Florida. Saul Loeb | Afp | Getty Images President Donald Trump again is […]
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Stocks making the biggest moves midday: Berkshire Hathaway, Skechers, Tyson Foods and more
Check out the companies making headlines in midday trading: Berkshire Hathaway — Warren Buffett’s conglomerate saw shares drop more than 4%, retreating from record highs reached on Friday. Monday’s sell-off came after the 94-year-old Buffett announced his intention to step down as CEO. The board voted unanimously on Sunday to make Greg Abel president and […]
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Bessent to Milken conference: Trump will make America ‘more appealing for investors like you’
U.S. Treasury Secretary Scott Bessent speaks at the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 5, 2025. Mike Blake | Reuters Treasury Secretary Scott Bessent on Monday sketched out the roadmap of President Donald Trump’s “America First Vision” in a pitch to a roomful of global investors on the future of […]
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Stocks making the biggest moves premarket: Howard Hughes, Sunoco, Netflix and more
Check out the companies making headlines before the bell. Berkshire Hathaway — Warren Buffett’s conglomerate saw shares fall more than 1% in premarket after hitting a record high Friday. The decline came after Berkshire’s operating earnings fell 14% in the first quarter , driven by a 48.6% plunge in insurance-underwriting profit. Buffett also surprised shareholders […]
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European markets mixed, Erste Group Bank rises 7% after acquiring stake in Santander’s Polish unit
On the trading floor of the Frankfurt Stock Exchange, traders watch their monitors in front of the display board showing the Dax curve on April 9, 2025. Arne Dedert | Picture Alliance | Getty Images European bourses had a mixed start to the week on Monday, with U.K. markets closed for a bank holiday, as […]
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China risks a spiral into deeper deflation as it diverts U.S.-bound exports to domestic market
SHENZHEN, CHINA – APRIL 12: A woman checks her smartphone while walking past a busy intersection in front of a Sam’s Club membership store and a McDonald’s restaurant on April 12, 2025 in Shenzhen, China. Cheng Xin | Getty Images News As sky-high tariffs kill U.S. orders for Chinese goods, the country has been striving […]
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Trump, asked if he has to ‘uphold the Constitution,’ says, ‘I don’t know’
U.S. President Donald Trump delivers remarks on the National Day of Prayer, in the Rose Garden at the White House in Washington, D.C., U.S., May 1, 2025. Evelyn Hockstein | Reuters President Donald Trump argued in an interview with NBC News’ “Meet the Press” that fulfilling his ambitious campaign promise to rapidly carry out mass […]
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