Making iPhones has gotten complicated in tariff wars. Apple reportedly has a plan to stop some sourcing from China.
Apple is planning to redirect the production of its U.S.-sold iPhones from China to India, possibly by next year, the Financial Times reported on Friday
American liquor exports hit record high in 2024, driven by tariffs
FILE PHOTO: Workers package bottles of Jack Daniel’s Single Barrel Select Tennessee Whiskey at the company’s distillery in Lynchburg, Tennessee, U.S., on Tuesday, May 18, 2021. Luke Sharrett | Bloomberg | Getty Images U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes. […]
Pandemic-era shortages may return without trade-war deal with China, businesses warn
Prices for many imported consumer goods are likely to rise soon and shortages could even start to develop next month unless the White House reduces tariffs soon, especially punitive duties on China that go as high as 145%.
Pepsi, Chipotle, P&G cut earnings forecasts
A Chipotle store stands in the Bronx on April 23, 2025 in New York City. Spencer Platt | Getty Images From Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an already shaky consumer. At least a dozen companies have […]
Democrats ask if the $1 billion in DOGE cost-cutting at Social Security has hurt recipients
Senators ask for the impact of staffing cuts and office closures on beneficiaries and benefits
Comcast (CMCSA) earnings Q1 2025
Comcast on Thursday outlined changes to its broadband strategy as the business continues to shed customers in the face of heightened competition. The discussion came amid the company’s first-quarter earnings call with investors. Despite the customers losses, Comcast’s earnings surpassed analysts’ expectations. Comcast shares closed down nearly 4% Thursday. Here is how Comcast performed for […]
March home sales drop to slowest pace since 2009
Higher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market. Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. That’s the slowest March sales pace […]
Nintendo Switch 2 preorders crash GameStop after shoppers report similar bugs at Target, Best Buy and Walmart. Most retailers are out of stock.
Nintendo Switch 2 preorders went live on Thursday, and gamers are reporting all sorts of issues with the buying process.
Procter & Gamble (PG) Q3 2025 earnings
Procter & Gamble on Thursday reported mixed quarterly results as demand for its products fell, gave a dimmer outlook for the current quarter and said price hikes could be coming. The company, which owns Tide and Charmin, slashed its forecast for core earnings per share and revenue for the full fiscal year, which is in […]
Comcast beats on first-quarter profit even as it continues losing broadband subscribers
Comcast has been struggling with falling broadband and cable subscribers amid a broader industry decline.
