The U.S. has declined to label China a currency manipulator in its latest Treasury report, amid ongoing tariff disputes. While criticizing Beijing’s lack of transparency, the decision may signal a push for dialogue over escalation in the tense trade relationship.
Elon Musk warns that Donald Trump’s proposed tariffs could spark a U.S. recession by late 2025. Highlighting risks of higher costs and global trade tensions, Musk’s critique adds fuel to their ongoing feud, raising critical questions about economic policy and stability.
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The feud between Elon Musk and Donald Trump intensifies as Musk’s former partner, Ashley St. Clair, joins the conversation. What started as ideological clashes on social media now includes personal elements, raising questions about public personas and digital-age conflicts.
Lululemon’s stock plummeted 22% in late trading after the company slashed its financial guidance, blaming escalating tariffs. The athletic apparel giant faces squeezed margins due to higher import costs, raising concerns for the retail sector. Investors are reevaluating confidence as trade tensions challenge even the strongest brands.
Broadcom’s stock dropped despite exceeding earnings expectations, driven by strong AI chip demand. Market volatility and profit-taking may have influenced the decline. However, the company’s long-term outlook in AI and tech remains promising, potentially offering a buying opportunity for investors.
Circle’s IPO stunned markets with a 167% surge from its $31 debut price, igniting hope for startups awaiting public listings. This success signals growing investor confidence in stablecoins and fintech, potentially paving the way for more tech IPOs amidst a cautious market.
Mark Tucker, HSBC’s chairman, is returning to AIA as chair, leveraging his past CEO experience. Brendan Nelson steps in as HSBC’s interim board head, ensuring stability. This leadership shift could redefine strategies for both financial giants in Asia’s competitive markets.
A mayor’s alleged derogatory remarks, calling Buc-ee’s project critics ‘terrorists’ and ‘losers,’ have sparked a lawsuit and community divide. The controversy raises questions about leadership, civility, and the balance between economic growth and local identity in small towns.
Japan faces a deepening rice shortage as poor harvests and rising prices lead to long queues at stores. With cultural and economic impacts mounting, Prime Minister Shigeru Ishiba faces political pressure ahead of the July election.
