U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via ReutersChina on Monday accused the United States of undermining the two countries’ preliminary trade agreement after the U.S. issued an industry warning against using Chinese chips that singled out Huawei.Beijing has “demanded” that the Trump administration “correct its mistakes,” calling the U.S. Commerce Department’s guidance “discriminatory”…
Author: usaeverydaylife
Best Buy stock could be poised to add to its rally in response to cooling trade tensions between the U.S. and China, according to UBS. “Some uncertainty lingers, but favorable tariff developments and sales momentum should support shares,” analyst Michael Lasser wrote in a Friday note. “While BBY’s stock has rallied a bit in response to temporarily lowered tariffs on Chinese imports, we still see a risk-reward that’s tilted to the upside.” Shares are down more than 15% in 2025, but have advanced roughly 8% so far in May. Stock in the retailer surged 6% last Monday following news that…
A view of the 23andMe headquarters in Sunnyvale, California, on March 25, 2025.Tayfun Coskun | Anadolu | Getty ImagesRegeneron Pharmaceuticals on Monday announced it will acquire “substantially all” of 23andMe’s assets for $256 million.The drugmaker participated in a bankruptcy auction for 23andMe, a once high-flying genetic testing company that filed for for Chapter 11 bankruptcy protection in March. Regeneron is buying 23andMe’s Personal Genome Service, Total Health and Research Services business lines, according to a release.”We believe we can help 23andMe deliver and build upon its mission to help people learn about their own DNA and how to improve their…
Imaginima | E+ | Getty ImagesLogistics startup Stord said Monday that it’s buying UPS subsidiary Ware2Go as it looks to expand its footprint in the e-commerce space.The company declined to provide specifics on the purchase price of the deal.The Atlanta-based company founded by former Thiel Fellow Sean Henry said the acquisition will boost Stord’s competitive edge as it looks to chip away at the e-commerce space dominated by the likes of Amazon.Ware2Go is a third-party delivery company that looks to make quick delivery more accessible for merchants, according to its website.Henry told CNBC the acquisition builds on the company’s push…
Japan’s prime minister, Shigeru Ishiba.Bloomberg | Bloomberg | Getty ImagesJapan will not resort to tax cuts funded by additional debt issuance, Prime Minister Shigeru Ishiba said on Monday, pushing back against political pressure to loosen fiscal policy ahead of an upper house election slated for July.”Japan is seeing interest rates turn positive and its fiscal state is not good,” Ishiba told parliament, warning of the rising cost of funding the country’s already huge debt as the central bank hikes interest rates.”While tax revenues are rising, social welfare costs are also increasing,” he said.With sticky food inflation hurting consumption and U.S. tariffs clouding the economic outlook, Ishiba has faced growing calls from ruling and opposition lawmakers to boost…
UBS is growing more bullish on airline giants Delta and United . The firm upgraded both airline stocks to buy from neutral. Analyst Thomas Wadewitz’s $66 per share price target on Delta, up from $46, implies roughly 30% upside from Friday’s close. On United, his $105 per share price target — up from $67 — points to for 35% upside. “Recent tariff relief due to the 90 day agreement with China and framework with the UK support a shift in our base case from a downturn in the economy to stability / slow growth,” Wadewitz said. “A more stable economic…
The workday is full of distractions.In fact, during the 9-to-5, employees are interrupted every two minutes by meetings, emails and other pings, according to Microsoft’s recent report 2025: The Year the Frontier Firm Is Born.And this “isn’t taking into account if you have WhatsApp open or if you have Spotify or YouTube open,” says Alexia Cambon, senior research director at Microsoft. “Those are additional signals that are probably also adding to the disruptions.”If you feel like constant distractions are getting in the way of you actually doing your job, there are methods to ensure you have dedicated quiet time to…
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesKlarna saw its losses jump in the first quarter as the popular buy now, pay later firm applies the brakes on a hotly anticipated U.S. initial public offering.The Swedish payments startup said its net loss for the first three months of 2025 totaled $99 million — significantly worse than the $47 million loss it reported a year ago. Klarna said this was due to several one-off costs related to depreciation, share-based payments and restructuring.Revenues at the firm increased…
In this photo illustration, the logo of Xiaomi’s XRing O1 chipset is seen on May 19, 2025 in Beijing, China. Xiaomi CEO Lei Jun announced on the evening of May 15 that the company’s self-developed smartphone SoC, XRING 01, will be officially launched in late May.Vcg | Visual China Group | Getty ImagesChinese technology giant Xiaomi will invest at least 50 billion yuan ($6.9 billion) over the next 10 years to develop its own chips, CEO Lei Jun said in a Weibo post on Monday.It’s the latest move by a Chinese firm to double down on home-grown technology amid the…
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