Economy

The global economy faces many headwinds, but the aviation industry is expected to defy them
World

The global economy faces many headwinds, but the aviation industry is expected to defy them

A Turkish Airlines plane landing from a park next to Los Angeles International Airport on Dec. 26, 2024. Mario Tama | Getty Images The global economy may be facing an uncertain 2025 in light of trade tensions and geopolitical conflicts, but there’s a bright spot that investors can take solace in: aviation. The profitability of […]

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Trump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’
Politics

Trump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’

US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025. Saul Loeb | AFP | Getty Images President Donald Trump’s top economic advisers maintained confidence on Sunday that the “tariffs are not going away,” as a key tenet of Trump’s policy agenda hangs in legal limbo. “Rest assured, […]

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Trump and Xi are likely to talk soon about trade, though no date has been set, Hassett says
Politics

Trump and Xi are likely to talk soon about trade, though no date has been set, Hassett says

White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. Leah Millis | Reuters National Economic Council director Kevin Hassett suggested on Sunday that President Donald Trump and China’s President Xi Jinping could have a conversation about trade as soon as this week. Hassett […]

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EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%
Politics

EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%

President Donald Trump speaks to supporters during a rally at the US Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania. Jeff Swensen | Getty Images The European Union on Saturday criticized President Donald Trump’s move to double tariffs on steel imports, warning that it “undermines” efforts to reach a “negotiated solution” in the […]

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Under-the-radar delivery apps are gaining ground in the U.S. by courting Asian restaurants
World

Under-the-radar delivery apps are gaining ground in the U.S. by courting Asian restaurants

Logo with QR code for Fantuan Asian food delivery service in the Silicon Valley, Mountain View, California, January 3, 2021. Smith Collection/gado | Archive Photos | Getty Images NEW YORK – When Kelly Wu feels sick and wants a delivery of congee, the Chinese porridge she grew up eating, she opts for a platform many […]

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Why everyone is selling Dubai chocolate bars
World

Why everyone is selling Dubai chocolate bars

As a new chocolate trend takes over the globe, U.S. companies like Shake Shack and Crumbl have worked quickly to capitalize on its continuing popularity with limited edition spinoffs, while other chocolate manufacturers have created dozens of dupes sold at Target, Costco, Amazon and now Trader Joe’s.   The idea for “Dubai chocolate” was first […]

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Stocks making the biggest moves midday: Costco, Palantir, Gap, Ulta Beauty and more
Finance

Stocks making the biggest moves midday: Costco, Palantir, Gap, Ulta Beauty and more

Check out the companies making headlines in midday trading: Costco — The wholesaler gained more than 3% on fiscal third-quarter results that surpassed analysts’ estimates, while sales jumped 8% from the same period a year ago. Ulta Beauty — Shares of the beauty retailer skyrocketed nearly 13% to hit a 52-week high after the company […]

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Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows
World

Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows

Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday. The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at […]

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German inflation eases to hotter-than-expected 2.1% in May
World

German inflation eases to hotter-than-expected 2.1% in May

19 May 2025, Berlin: Apricots are sold at a greengrocer for 7.98 euros per kilogram. Grapes and papaya are also on offer. Photo by Jens Kalaene/picture alliance via Getty Images Germany’s annual inflation hit 2.1% in May approaching the European Central Bank’s 2% target but coming in slightly hotter than analyst estimates, preliminary data from […]

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Stocks making the biggest moves premarket: Ulta Beauty, Airbnb, Gap, American Eagle and more
Finance

Stocks making the biggest moves premarket: Ulta Beauty, Airbnb, Gap, American Eagle and more

Check out the companies making headlines before the bell: UiPath — Shares surged 12% after the automation software company posted first-quarter operating income and revenue figures that exceeded FactSet estimates. UiPath also raised its full-year revenue guidance and sees its current-quarter revenue coming in between $345 million and $350 million, while analysts polled by FactSet […]

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