Shein and Temu icons on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesTemu and Shein are pivoting to Europe as their business in the U.S. takes a major hit from unfavorable trade policies. But the China-founded budget e-commerce apps may not receive a warm reception in their new target markets. In recent weeks, complaints have been filed against Temu and Shein in the EU, accusing them of unsavory business tactics. That comes as the bloc prepares a new two-euro flat fee on previously customs-free small packages from online marketplaces like Temu and Shein. Experts say the new developments could be ominous…
Author: usaeverydaylife
Logo of Huawei at the Mobile World Congress 2024.Ramon Costa | SOPA Images | Lightrocket | Getty ImagesHuawei Technologies’ chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday.The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and sees promise in compound chips — chips made from multiple elements — Ren said in an interview with the People’s Daily newspaper of the governing Communist Party.There is “no need to worry about the chip problem”, Ren said, addressing concerns stemming from U.S. export controls.The article, published on the front page of…
A sign in front of the entrance of the Security Administration’s main campus on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty ImagesThe Supreme Court on Friday granted the Department of Government Efficiency access to Social Security Administration data that includes sensitive personal information of millions of Americans.The decision comes as the federal government sought a stay, or temporary suspension, after a federal judge blocked DOGE’s access to that data in April. The nation’s highest court granted an emergency application from the Trump administration to lift that injunction; the case is expected to proceed in lower courts.In its decision,…
The escalating battle between the Trump administration and Harvard University over international student visas could come at a high economic cost.Altogether, international students who studied in the U.S. contributed $43.8 billion to the U.S. economy in the 2023-24 academic year, according to the most recent data by NAFSA: Association of International Educators. In Massachusetts, alone, international students contributed nearly $4 billion and supported more than 35,000 jobs.At Harvard, the share of international students is disproportionately high compared to most other colleges and universities. International students accounted for 27% of Harvard’s total enrollment in the 2024-25 academic year, up from 22.5% a decade earlier.With more…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies trade higher to kick off the week. Plus, Gemini, a cryptocurrency exchange and custodian, confidentially files for an IPO in the U.S. And, Michael Shaulov, CEO and co-founder of Fireblocks, weighs in on what stablecoin regulation in the U.S. would mean for the industry as the GENIUS Act stablecoin bill makes its way through the legislative process.12:27Mon, Jun 9 20253:24 PM EDT Source link
The ‘Fast Money’ traders talk their takeaways from Apple’s WWDC. Source link
Sly Stone of Sly And The Family Stone performs on stage at White City Stadium, London, 15th July 1973. Michael Putland | Hulton Archive | Getty ImagesSly and the Family Stone frontman Sly Stone has died, his family said in a statement Monday. He was 82.His family said Stone, whose real name was Sylvester Stewart, had chronic obstructive pulmonary disease (COPD) and other underlying health issues for years.”Sly passed away peacefully, surrounded by his three children, his closest friend and his extended family,” the statement read. “While we mourn his absence, we take solace in knowing that his extraordinary musical…
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPresident Donald Trump said on Monday he has no plans to discontinue Starlink at the White House but might move his Tesla off-site, following his announcement over the weekend that his relationship with Elon Musk, the billionaire CEO of both companies, was over.”I may move the Tesla around a little bit, but I don’t think we’ll be doing that with Starlink. It’s a good service,” Trump told reporters, referring to the satellite…
U.S. Treasury Secretary Scott Bessent (center) at Lancaster House in London, U.K., on Monday, June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella.At the top of the agenda for America appears to be a relaxation of China’s rare earths export curbs, according to a CNBC interview with U.S. National Economic Council Director Kevin Hassett. If China’s actions late last week — when it seemingly gave Western automakers concessions regarding those minerals…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyMark Fields, fmr. Ford CEO, joins ‘Fast Money’ to talk Tesla’s downgrade on Wall Street, what is next for Ford, and more.04:364 hours ago Source link
