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China's Xi invokes 'threat' of Taiwan independence in first cross-strait opposition talks in a decade
Stocks News

China's Xi invokes 'threat' of Taiwan independence in first cross-strait opposition talks in a decade

The meeting Friday marked the first such encounter between Xi and a sitting opposition party leader since 2016. U.S. President Donald Trump’s military actions in Venezuela and Iran, along with his threats over Greenland, have prompted some to draw parallels with Beijing’s posture toward Taiwan. But analysts say the risk of near-term aggression from Beijing […]

Behind China's 'active efforts' for an Iran ceasefire: Business trumps politics
Stocks News

Behind China's 'active efforts' for an Iran ceasefire: Business trumps politics

Beijing is most concerned about the impact of the Iran war on its economy, an analyst commented. Economic risks, especially energy costs, drove Beijing’s cautious diplomacy. Pakistan is hosting U.S. and Iranian officials this weekend for ceasefire talks, although Beijing’s level of involvement remains unclear. BEIJING — China’s ties with countries such as Iran and […]

Thinking about bankruptcy? You might have better debt relief options
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Thinking about bankruptcy? You might have better debt relief options

If you’ve been juggling minimum loan payments for months, you may be starting to realize the debt isn’t going away on its own. At that point, two options usually come into focus: debt relief and bankruptcy. While both can offer a way forward, they work very differently, and choosing the wrong one could mean more […]

Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows
Stocks News

Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows

The core personal consumption expenditures price index rose a seasonally adjusted 3% in February, the Commerce Department reported. The all-items headline inflation measure increased 2.8%. Besides the inflation readings, the report also showed consumer spending up 0.5% on the month, while personal income fell 0.1%. Core inflation held above the Federal Reserve’s target before the […]

Kia plans to launch U.S. pickup truck by 2030
Stocks News

Kia plans to launch U.S. pickup truck by 2030

Kia plans to release a pickup truck for American consumers in the coming years. The enterprise commented Thursday it will add a pickup truck that includes hybrid variants by 2030 as a major expansion of its brand into the highly lucrative U.S. marketplace. Kia also plans to achieve annual U.S. sales to 1.02 million vehicles […]

Amazon to stock Lilly's novel weight-loss pill at U.S. kiosks, offer same-day delivery
Stocks News

Amazon to stock Lilly's novel weight-loss pill at U.S. kiosks, offer same-day delivery

Amazon.com remarked on Thursday its pharmacy unit will stock Eli Lilly’s fresh weight-loss pill at kiosks located at some of the company’s primary care clinics and offer same-day delivery of the drug. Amazon Pharmacy began delivering GLP-1 medications in 2021, but does not stock injectable versions of the drugs in kiosks because they need to […]

Tesla is developing a fresh smaller, cheaper EV, Reuters sources say
Stocks News

Tesla is developing a fresh smaller, cheaper EV, Reuters sources say

The automaker has contacted suppliers in recent weeks to discuss details of the plan for the compact SUV – which would be a latest vehicle and not a variant of Tesla’s current Model 3 or Y, the individuals commented. The conversations involved the manufacturing process and specifications for various components, they mentioned. Three of the […]

As millions lose weight on GLP-1s, they're starting to turn to retailers to refresh their wardrobes
Stocks News

As millions lose weight on GLP-1s, they're starting to turn to retailers to refresh their wardrobes

As GLP-1 drugs become more accessible, more U.S. consumers are dropping sizes and may acquire recent clothes. Apparel retailers could see an up to $13 billion annual boost in spending because of GLP-1 drugs, according to an estimate by equity research firm Bernstein. Some of the biggest beneficiaries could be off-price retailers like T.J. Maxx, […]

The Strait of Hormuz is not open as Iran controls access after ceasefire, UAE oil CEO says
Stocks News

The Strait of Hormuz is not open as Iran controls access after ceasefire, UAE oil CEO says

Iran is requiring ships to obtain its permission to pass through the Strait of Hormuz, the CEO of the United Arab Emirates’ state-owned oil firm stated. “The Strait of Hormuz is not open,” Sultan Ahmed Al Jaber noted. The oil shock will only deepen the longer the strait is not fully open to ships, Al […]

Florida AG opens probe into OpenAI ahead of potential IPO
Stocks News

Florida AG opens probe into OpenAI ahead of potential IPO

Florida Attorney General James Uthmeier on Thursday launched an investigation into OpenAI and its chatbot ChatGPT, as the artificial intelligence firm prepares for an IPO that could value it at up to $1 trillion. In a video posted to X, Uthmeier commented there were concerns about whether OpenAI’s data and AI technologies could fall “into […]

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