The euro has rocketed nearly 10% against the dollar since early March, compounding the pain for Europe’s export-heavy companies already reeling from sweeping U.S. tariffs. Normally, currencies weaken in response to punitive duties, softening the blow by making exports cheaper. Instead, a confluence of factors—ranging from market jitters over U.S. trade policy to a sudden…
Seven & I Holdings, the parent of the 7-Eleven convenience chain, has signaled a major shift in strategy to offset the growing burden of U.S. import tariffs, warning that the chain’s roughly 12,000 North American stores will need to drive deep cost efficiencies and retool their supply networks to weather what incoming CEO Stephen Dacus…
Huawei’s newest Ascend 910D AI chip, designed to challenge Nvidia’s leading H100 processor, is entering its testing phase as Huawei seeks to close the performance gap and capitalize on U.S. export restrictions that have hampered its American rival. The Shenzhen-based company has begun distributing sample units of the Ascend 910D to select domestic technology partners,…
Procter & Gamble estimates that U.S. import duties on Chinese inputs will increase its cost of goods sold by approximately $1 billion to $1.5 billion over the coming year. Though China accounts for just over 10 percent of P&G’s total import exposure, levies as high as 145 percent on selected raw materials and packaging components…
Late April’s update on the Department of Government Efficiency (Doge) website showed a running tally of roughly $160 billion in anticipated savings since its launch in January—an average of over $10 billion apiece week under Elon Musk’s stewardship. Yet a detailed review of the numbers suggests that fewer than 40 percent of those cuts are…
Intel reported adjusted first-quarter earnings of $0.13 per share but posted a net loss of $821 million, missing investor expectations and triggering a near 10 percent intraday stock decline as concerns over trade-related headwinds mounted. Despite beating consensus on quarterly sales—$12.7 billion versus $12.3 billion forecast—CFO David Zinsner warned that fluid trade policies, escalating tariffs,…
Toyota Chairman Akio Toyoda’s proposal to acquire Toyota Industries for ¥6 trillion represents a strategic bid to streamline the automaker’s famously intricate cross-shareholding structure and consolidate decision-making authority within the Toyota Group. By folding its largest subsidiary—one that holds a 9.1 percent stake in Toyota itself—into the parent company, Toyota would eliminate layers of intercompany…
As the tariff standoff between the United States and China deepens, Beijing has quietly been leveraging tools beyond the negotiating table to blunt the impact of U.S. duties. From mobilizing 1.4 billion consumers to flexing its financial reserves, China’s leadership has assembled a multi-pronged playbook designed to withstand external pressure and reshape the terms of…
Elon Musk, once celebrated for his transformative leadership, now finds himself facing increasing scrutiny as Tesla grapples with declining sales and a significantly reduced profit margin. As the CEO of multiple high-profile ventures, including SpaceX, Neuralink, and the controversial xAI, Musk’s divided attention has come under fire. Investors and analysts are questioning whether his focus…
Meta Platforms Inc. has faced significant scrutiny following its January 2025 overhaul of content moderation policies on Facebook and Instagram. The company’s decision to eliminate its U.S. fact-checking program and ease restrictions on discussions of sensitive topics such as immigration and gender identity has drawn a sharp rebuke from its independent Oversight Board. The board’s…
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