World News
Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has dramatically slashed its online ad spending in the U.S. and seen its ranking in Apple’s App Store plunge following President Donald Trump’s sweeping tariffs on trade partners. Temu, which is owned by Chinese e-commerce giant PDD…
Read More »Universal’s new Epic Universe park set to generate $2 billion for Florida in year one
Epic things are coming to Orlando. In a little more than a month, Universal will officially open the doors of its newest theme park, the first major theme park in the Florida area in 25 years, spurring a major shift in Orlando’s tourism industry. Epic Universe is the largest of all Universal…
Read More »Hertz says 2024 hack exposed some customers’ driver license and credit card data
Hertz is notifying customers that a data hack late last year may have exposed their personal data. The rental-car giant said an analysis of the incident that it completed on April 2 found the breach affected some customers’ birthdates, credit card and driver’s license data and information related to workers’…
Read More »Cash App owner Block pays $40 million in settlement over ‘serious compliance deficiencies’
New York state’s top financial regulator struck a $40 million settlement Thursday with Block Inc., the parent of Cash App, the popular money transmission service, after having found the company had “serious compliance deficiencies” related to its anti-money laundering program and transaction monitoring processes. The deficiencies at Block, some involving cryptocurrencies,…
Read More »Retirees ‘stunned’ as market turmoil over tariffs shrinks their 401(k)s
Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs. As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them…
Read More »Buffett denies rumors after Trump shares wild claim that investor backs president crashing market
Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor. Trump on Friday shared an outlandish social media video…
Read More »Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair
Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China. For years, China’s southern neighbor became a popular alternative for companies trying to avoid the crossfire of U.S. trade tensions with Beijing. Now, as President Donald Trump expands his tariff…
Read More »Boeing says it’s progressing on safety reforms and working with DOJ on revised plea deal
WASHINGTON — Boeing CEO Kelly Ortberg told senators on Wednesday that he’s happy with the company’s progress improving manufacturing and safety practices following several accidents, including a near catastrophe last year. Ortberg faced questioning from the Senate Commerce Committee about how the company will ensure that it doesn’t repeat past accidents or manufacturing defects, in his…
Read More »United Airlines adds Thailand, Vietnam and Australia flights in latest expansion
United Airlines plans to add daily flights to Vietnam and Thailand in October, further expanding the network for the U.S. carrier that already has the most Asia service. In the expansion, United is using a tactic that’s unusual in its network: Its airplanes from Los Angeles and San Francisco that are…
Read More »Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago
Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022. Here are the key numbers: Investors were expecting Tesla to report deliveries of between 360,000 and 370,000 vehicles, according…
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