Temu’s New ‘Import Charges’ Shock Shoppers, Doubling Costs Amid Trump

Temu's New 'Import Charges' Shock Shoppers, Doubling Costs Amid Trump Trade War

Temu shoppers face surprise import charges doubling item costs amid new U.S. tariffs.


Toyota Explores Investment As $42 Billion Buyout Of Supplier Takes Shape

Toyota considers investing in a $42 billion buyout of supplier Toyota Industries amid governance reform pressures.

China Urges Antitrust Compliance In CK Hutchison's Global Ports Deal

China warns CK Hutchison and partners not to bypass antitrust review in $23 billion global ports sale to BlackRock-led group.

Grain Millers Recalls 63,000 Pounds Of Oats Due To Plastic Risk, FDA Says

Grain Millers recalled 63,000 pounds of oats due to plastic contamination risk, according to the FDA.


Editor's Pick

Starbucks Updates Employee Dress Code to Revive Brand Identity

Starbucks Updates Employee Dress Code To Revive Brand Identity

Starbucks updates employee dress code to spotlight its green apron and boost brand identity starting May 12

40 Million Expected To Travel Through U.S. Airports Over Holidays

Delta, United, Alaska Airlines Rank As North America's Most On-Time Airlines In 2024

Delta Air Lines led North America in punctuality for 2024 with 83.46% on-time arrivals, marking its fourth consecutive year of operational excellence.

VCPost

Year In Review: The Best Of VCPost 2024

VCPost's 2024 year in review highlights key business and policy stories that shaped global industries, from gas price legislation and corporate strikes to personal business issues.


Regions

Colombia Gives In To US Deportation Flights To Avoid $53.5B Trade War

Colombian President Petro blocked US deportation flights, prompting Trump's tariff threats, but after escalating tensions, Colombia agreed to accept the flights, avoiding a trade war.


China Imposes Retaliatory Tariffs on US Imports, Launches Google Antitrust Probe


China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute

China Retaliates Against Canada with Hefty Tariffs on Key Exports

China Retaliates Against Canada With Hefty Tariffs On Key Exports

China imposes retaliatory tariffs on Canadian goods in response to Canada's trade restrictions on Chinese products.



Funding

AI Startup Writer Debuts New Model Using Synthetic Data to Compete With OpenAI and Anthropic

Writer aims to compete with OpenAI and Anthropic by using a cost-effective approach, spending only $700,000 to develop models and raising $200 million to reach a $1.9 billion valuation.

Godmother of AI' Fe-Fei Li Secures $1B Valuation for New Startup, World Labs

Fei-Fei Li’s AI startup, World Labs, raised $230 million in funding, valuing the company at over $1 billion as it prepares to develop AI models for 3D interaction by 2025.

Nvidia Rival Groq Raises $640 Million in a New Funding Round

Groq was originally looking to raise $300 million at a slightly lower valuation. Groq, an artificial intelligence chipmaking startup, has secured more than $600 million in a recent funding round, the company announced Monday.

Trump Campaign's Financial Advantage Short-Lived as Democrats Surge with $100M Funds in Just 1 Day

Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.


People

Tesla protests

Protests Against Elon Musk Encourages the Public to Take Part in the 'Tesla Takedown' Movement

Protests erupted over the weekend outside many Tesla showrooms around the world against Elon Musk and his involvement in government.

Former Airline Employee Admits to Secretly Filming Children on Flights

Former Airline Employee Admits to Secretly Filming Children on Flights

Former flight attendant pleads guilty to secretly filming children on flights, facing up to 20 years in prison for child exploitation.

Sam Altman

6 Facts You Probably Didn't Know About OpenAI CEO Sam Altman

Best known as the OpenAI CEO, Sam Altman has been in the headlines as of late due to his feud with SpaceX CEO Elon Musk.