Differences between Western nations led by the U.S. and China-aligned economic blocs threaten global trade cooperation and economic growth, as a top IMF official warned. Escalating tensions between Washington and Beijing could potentially cost the world's GDP up to 7%.
Tags: US
Bill Ackman Slammed for Anti-Woke Stance at Milken Event
A cohort of panelists and audience members berated Pershing Square CEO Bill Ackman in a small session at the Milken Institute Global Conference this year for his opposition to DEI initiatives.
Target Cuts Pride Merch Ahead of June After 2023 Fiasco
Target announced that it was planning to reduce its LGBTQ+-themed merchandise in some of its stores for June’s Pride Month.
US Unemployment Claims Rise as Layoffs Increase, Indicating Weak Labor Market
Initial jobless claims in the US have surged to their highest level since August 2023, indicating potential challenges in the strong labor market. Employers are increasing layoffs despite recent positive hiring trends.
Hy-Vee, Schnucks Recalled Cheese Over Potential Salmonella Contamination That May Cause Food Poisoning
A major American supermarket has requested customers to voluntarily return several cheese spreads due to concerns over salmonella contamination.
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Data analysts from the German cybersecurity consultancy SRLabs said that a large network of fake online designer shops apparently operated from China have stolen money and personal data from over 850,000 people in Europe and the United States.
The United States has withdrawn several licenses that allow companies to move materials, such as semiconductors, to the sanctioned Chinese telecoms equipment manufacturer Huawei Technologies.
Musical instrument retailer Sam Ash announced it would be closing all of its stores by July 2024 after 100 years in the business.
Several financial experts say the Biden administration’s proposal to raise capital gains tax will negatively affect the US economy.
With US household debt reaching all-time high, people can pay off their debt by sticking to their preferences and asking for financial advice.
The administration of President of Joe Biden has implemented visa restrictions on executives of several Colombian maritime transportation companies accused of exploiting vulnerable migrants seeking to enter the US.
A former TikTok executive claims that CEO Shou Zi Chew mainly serves as a "conduit" for ByteDance executives who truly make the decisions for the platform.
Americans are preparing for another wave of increased housing expenses, according to the Federal Reserve Bank of New York.
Former Starbucks CEO Howard Schultz asked his successor Laxman Narasimhan and other Starbucks senior officials to communicate with shop baristas and work with them to enhance coffee service.
