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People shop at an Apple store in Grand Central Station in New York on April 4, 2025. Michael M. Santiago | Getty Images Though U.S. President Donald Trump’s 90-day pause on many of his “reciprocal tariffs” has given some firms and investors respite, America’s largest company, Apple, hasn’t been so lucky. The Cupertino-based tech giant…
President Donald Trump’s aggressive tariff policy on April 2 didn’t just cause mayhem in the stock market. It sent Amazon sellers into a panic. Many sellers on Amazon count on China for manufacturing and assembly due to lower costs and established infrastructure – up to 70% of goods on Amazon come from China, according to…
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around artificial intelligence, along with a more competitive chip market, will eventually bring down costs around the technology. “AI does not have to be as expensive as it is today, and it won’t be in the future,” Jassy…
Tariff suspension ‘the first right step,’ Polish finance minister says Andrzej Domanski, Poland’s finance minster, during a news conference at the Economic and Financial Affairs Council (ECOFIN) meeting at the European Council headquarters in Brussels, Belgium, on Tuesday, March 11, 2025. Bloomberg | Bloomberg | Getty Images Polish Finance Minister Andrzej Domanski welcomed the U.S….
Sam Altman, left, and Elon Musk. Muhammed Selim Korkutata | Anadolu | Getty Images OpenAI on Wednesday filed suit against Elon Musk, claiming the world’s richest person has “tried every tool available to harm” the artificial intelligence company. The lawsuit, filed in a federal district court that last month blocked Musk’s attempt to stop the…
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon’s Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida, United States. Paul Hennessey | Anadolu Agency | Getty Images Amazon delayed the launch of…
Canada and Mexico aren’t getting extra 10% tariff, White House clarifies Tractor trailers at the Ysleta-Zaragoza International Bridge port of entry, on the US-Mexico border in Juarez, Chihuahua state, Mexico, on Thursday, April 3, 2025. Justin Hamel | Bloomberg | Getty Images Canada and Mexico will not face an additional 10% tariff as a result…
Thomas Kurian presents at the Google’s I/O Developer’s Conference in Mountain View, Calif, on May 10, 2023. Courtesy: Google Google’s cloud unit said Wednesday that clients will be able to run its Gemini artificial intelligence models in their own data centers. Early access to Google Distributed Cloud will be available in the third quarter, Google…
As Tesla shares plummeted for a fourth straight day, CEO Elon Musk let loose on President Donald Trump’s top trade advisor Peter Navarro. Musk, the world’s richest person, started going after Navarro over the weekend, posting on X that a “PhD in econ from Harvard is a bad thing, not a good thing,” a reference…
China 104% tariffs going into effect at 12:01 a.m., White House confirms A Chinese flag flies on a vessel moving past shipping containers being unloaded at a Tianjin Port Group Co. dock in Tianjin, China. Nelson Ching | Bloomberg | Getty Images The U.S. tariff rate on Chinese imports will shoot up to 104% at…
