After new U.S. tariffs went into effect, China said it would put up to 15% more tariffs on some U.S. goods, and Canada said it would put up to 25% more tariffs on U.S. goods. China and Canada quickly responded to the new U.S. tariffs by putting their own taxes on U.S. goods, which could…
The burrito vendor won’t have to pay for many of the costs that Trump’s planned tariffs will cause. The U.S. economy is being affected by President Trump’s plan to put tariffs on the country’s biggest trade partners. Both businesses and consumers are getting ready to pay more. At least for now, it looks like things…
The company that makes GPU chips is now one of the most closely watched in the world as a sign of how AI investments are doing and how the stock market is doing in general. Wall Street has rarely been so focused on one company’s earnings report as a “make-or-break” moment for the market as…
Starbucks employees will not be affected by the layoffs. The CEO of the coffee chain, Brian Niccol, said Monday that Starbucks will let go of 1,100 corporate workers and won’t be advertising for several hundred other open jobs. The cuts won’t affect people who work in the company’s coffee shops. Nicholo wrote to corporate workers…
It was worth more than $134 billion for Berkshire Hathaway to sell stocks in 2024. Over the weekend, more questions were raised about why Warren Buffett is acting so defensively. The 94-year-old CEO of Berkshire Hathaway sold more stocks in the last quarter and increased the company’s record-high cash hoard to $334 billion. However, in…
The Artificial Analysis Quality Index says that Grok-3 does better than models from Google, Anthropic, and Meta. Elon Musk’s AI company has released its newest model, which makes big claims, such as being able to do better than the best models from the US and China. Musk’s company, xAI, which was formed in March 2023,…
