Category: Business
Credit Suisse Unit Pleads Guilty to $510M Tax Evasion Fine
A Credit Suisse unit, Credit Suisse Services, has pleaded guilty to U.S. charges of helping ultra-wealthy Americans evade taxes, agreeing to pay a hefty fine [more…]
GasBuddy Refutes Trump’s Claims on Record Low Gas Prices
Trump’s Gas Price Claims Contradicted by GasBuddy Data GasBuddy, a company that tracks fuel costs across the United States, has refuted President Trump’s claims of [more…]
CVS Health Beats Q1 Expectations Despite Insurance Challenges
Strong Q1 Performance Drives CVS Stock Up 7% CVS Health (CVS) reported stronger-than-expected earnings for the first quarter of 2025, with shares rising 7% in [more…]
U.S. Consumer Giants Warn of Slowdown Due to Tariffs
U.S. consumer giants are sounding alarms over a slowdown in consumer spending, as tariffs and economic uncertainty weigh heavily on the market. “Relative to where [more…]
Novartis Plans $23B Investment in U.S. Manufacturing Expansion
Novartis Announces Major U.S. Investment Plan Swiss drugmaker Novartis (NOVN.S) announced on Thursday its plan to invest $23 billion to build and expand 10 facilities [more…]
Walmart and Delta Adjust Forecasts Amid Trade War Uncertainty
Walmart and Delta Air Lines have both adjusted their forecasts for the first quarter, reflecting concerns about the ongoing trade war under President Donald Trump’s [more…]
Walmart Withdraws Financial Guidance Amid Tariff Uncertainty
Walmart’s Response to Uncertainty in Global Tariffs Walmart, the world’s largest retailer, has decided to pull its financial guidance for the first quarter of the [more…]
Hertz and Avis Shares Surge on U.S. Tariff News
Tariff Plans Boost Rental Car Outlook Shares of heavily shorted car rental companies Hertz and Avis Budget Group soared on Thursday after U.S. President Donald [more…]
AI Boosts Secondhand Fashion Sales Amid Market Shift
Resale Market Grows Four Times Faster Than Retail Artificial intelligence is driving a surge in secondhand fashion sales, with global resale figures rising 15% in [more…]
Mark Zuckerberg Faces Backlash Over Meta Layoffs
Mark Zuckerberg, CEO of Meta Platforms (META), has recently been in the spotlight, facing criticism for multiple decisions, including ending Facebook’s fact-checking policy and replacing [more…]
