SoftBank’s lofty artificial intelligence ambitions are reportedly colliding with the harsh reality of tariffs. The Japanese conglomerate’s plan to invest $100 billion in AI infrastructure in the United States has slowed, Bloomberg reported Monday (May 12), as risks related to White House tariffs have hindered...
On Tuesday (May 13), we may see what could arguably be the calm before a stormy sea of inflation driven by volatile tariffs. The Consumer Price Index inflation reading from the Bureau of Labor Statistics is estimated by economists and a broad range of financial...
The European Union (EU) is threatening to tariff American car exports if trade negotiations fail. As the Financial Times (FT) reported on Thursday (May 8), the tariffs on 95 billion euros ($107 billion) of exports, including cars and vehicle parts, would likely take effect in...
President Donald Trump’s idea to place tariffs on movies produced overseas has reportedly shaken studios. As The Wall Street Journal (WSJ) reported Monday (May 5), the president’s planned 100% tariffs on such productions drove down share prices for companies like Disney and Netflix, even though it’s not clear how...
Warren E. Buffett’s recent announcement that he will retire as chief executive of Berkshire Hathaway at year-end ended one of the longest, most closely watched tenures in corporate America. The 94-year-old investor’s decision, disclosed May 3, set off a flood of tributes, along with fresh...
A new report from Fiserv shows a resilient, though far more cautious, American consumer. The April edition of the payments and financial services company’s Small Business Index, published Monday (May 5), shows consumers are spending more on essentials while scaling back discretionary purchases, and spending less on restaurants....
The efforts of third-party sellers on platforms like Amazon to stock up on goods to avoid the cost of tariffs will reportedly work for only a limited time. Because shoppers are also buying ahead to avoid the impact of tariffs, merchants will eventually sell down...
The latest jobs data indicate that employers added more positions in April than had been expected, and the news may, incrementally, make consumers feel a bit better about their employment prospects. But any uptick in sanguine sentiment, at least on the work front, may not...
The number of initial claims for unemployment insurance in the United States rose by 18,000 during the week ended Saturday (April 26), the Department of Labor said in a Thursday (May 1) press release. The number reached 241,000, up from the previous week’s revised level...