Crude oil prices slid sharply on Tuesday, weighed down by a broad-based reassessment of global demand amid mounting economic headwinds. Investors and analysts cut their growth projections after fresh indicators pointed to slowing activity across major economies—from Europe’s manufacturing contraction to faltering consumer spending in China—casting a pall over the outlook for oil consumption in…
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…
South Korea’s SK Hynix stunned markets by reporting a first-quarter operating profit surge of 158%, underscoring the explosive demand for memory chips driven by artificial intelligence. While revenue climbed 42% year-on-year to 17.64 trillion won and operating profit topped estimates at 7.44 trillion won, a closer look at sequential trends and external risks suggests the…
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