A UPS truck is parked as a driver makes a delivery on January 30, 2024 in Miami Beach, Florida.Joe Raedle | Getty ImagesUnited Parcel Service reported a decline in second-quarter profit and revenue on Tuesday, as demand took a hit from new “de minimis” tariffs on low-value Chinese shipments and mounting risks from President Donald Trump’s trade policies.The White House in May began collecting tariffs on shipments under $800 from China that were previously duty-free. While those levies were reduced to 54% from 120% as part of a trade truce, consumer demand is still expected to take a hit.Experts believe…
Author: usaeverydaylife
Commerce Secretary Howard Lutnick insisted Tuesday that President Donald Trump’s upcoming Friday deadline to impose major tariffs on a slew of trading partners won’t be delayed any further.But trade negotiations with China — the latest round of which are currently taking place in Stockholm, Sweden — are progressing on a separate timeline, Lutnick noted on CNBC’s “Squawk Box.””We have our own team working with China. They’re their own thing,” he said. “But for the rest of the world, we’re going to have things done by Friday.””August 1 is the date that we’re setting all these rates, and they are off to…
US President Donald Trump (R) and Apple CEO Tim Cook (2nd L), with Senior Advisor to the President Ivanka Trump (L) and Treasury Secretary Steven Mnuchin, tour the Flextronics computer manufacturing facility where Apple’s Mac Pros are assembled in Austin, Texas, on November 20, 2019.Mandel Ngan | AFP | Getty ImagesFaced with intensifying pressure from President Donald Trump to bring more jobs to the U.S., Apple is opening a manufacturing program in downtown Detroit.The Apple Manufacturing Academy, which is being administered by Michigan State University, will offer workshops on manufacturing and artificial intelligence to small and medium-sized businesses when it…
A view of the AstraZeneca office in Mölndal, Sweden, on September 12, 2024.Nurphoto | Getty ImagesAstraZeneca CEO Pascal Soriot on Tuesday reiterated the pharmaceutical firm’s commitment to the U.S. market amid reports that he is considering shifting its listing stateside.Soriot said the U.K.-listed company had many reasons to be in the U.S., adding that it was “rapidly transferring manufacturing” across the Atlantic so it could serve all U.S. patient needs domestically.”We have lots of reasons to be here [in the U.S.],” Soriot told media during an earnings call.”This country [the U.S.] will represent, we hope, 50% of our revenue by…
As companies lean into value offerings and buzzy beverages to lure price-sensitive consumers, Starbucks is doubling down on its plans to get back to basics by leaning into hospitality at its cafes.The coffee giant aims to stand out on guest experience in a cutthroat consumer environment as it tries to boost lackluster sales.Last week, the company began training baristas on its new “Green Apron Service” program as part of CEO Brian Niccol’s “Back to Starbucks” plans, which have emphasized friendlier cafes and a human touch like Sharpie drawings on cups. Green Apron Service builds on that, relying on warm and…
Packages of Peanut M&M’s chocolate candy are displayed at a Costco Wholesale store on April 27, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty ImagesCandy and snacks giant Mars on Tuesday announced plans to invest $2 billion more in its U.S. operations through next year to bolster the company’s ongoing efforts to expand manufacturing in the country.The Twix and Milky Way chocolate maker has already invested more than $6 billion in U.S. manufacturing in the last five years and the new funding will support a $240 million facility for Nature’s Bakery in Salt Lake City, Utah.The new facility, opening on Wednesday, will create over 230 new jobs in…
Cash App’s new Pools feature lets users set a group funding goal, name the pool, and invite contributors.Courtesy: Cash AppCash App is going on the offensive in peer-to-peer payments.The Block-owned payments platform on Tuesday unveiled Pools, a new peer-to-peer feature designed to make group payments simple. It’s the company’s first major P2P product launch in nearly two years.”This is the first time we’re going into out-of-network payments with Pools,” said Owen Jennings, Block’s head of business, referring to the feature’s ability to accept contributions via Apple Pay or Google Pay from people who aren’t on Cash App.Pools allows users to…
In this photo illustration, Procter and Gamble products Pepto Bismol and Charmin toilet paper are displayed on June 05, 2025 in San Anselmo, California. Justin Sullivan | Getty ImagesProcter & Gamble on Tuesday reported quarterly results that beat Wall Street’s expectations, but introduced fiscal year 2026 guidance that included a $1 billion hit due to higher costs from tariffs.”We grew sales and profit in fiscal 2025 and returned high levels of cash to shareowners in a dynamic, difficult and volatile environment,” said CEO Jon Moeller in a news release.CFO Andre Schulten said during a media call that there will be…
Tesla has big shoes to fill in robotics and driving software and is making significant progress in those goals, according to RBC Capital Markets. The investment firm maintained its outperform rating on the electric vehicle stock while lifting its price target by $4 to $325, which analyst Tom Narayan said incorporates Tesla’s 2026 valuation and global humanoid robot penetration estimates. Narayan’s new price target suggests shares are fairly valued, as the stock last closed at $325.59 per share. Shares are down more than 19% year to date. “Should Tesla be successful on all of its goals, its valuation could far…
Check out the companies making headlines before the bell. Chart Industries — Shares of the gas equipment manufacturer surged 16% after it agreed to be acquired by Baker Hughes for $13.6 billion. Chart Industries had previously been in merger talks with power equipment supplier Flowserve , which was last up 8%. Baker Hughes shares fell 3%. The deal news comes as Chart reported better-than-expected second-quarter earnings, excluding items. Sarepta Therapeutics — The biopharmaceutical stock soared 38% after announcing that the Food and Drug Administration had recommended removing its voluntary hold on Elevidys for use with ambulatory patients, which was instated…
