Author: News Room
The Chinese government is considering whether to exclude some essential products from its retaliatory 125 percent tariffs on American goods, said the head of an American business group in China.Officials from China’s commerce ministry had canvassed businesses in China to identify imports from the United States that are crucial to supply chains and vulnerable to China’s new trade barriers, Michael Hart, president of the American Chamber of Commerce in China, said at an event in Beijing on Friday.“There are some companies who have said that if a long-term tariff war continued, their business model would not work in China and…
A dovish shift Stocks are on a three-day winning streak as investors cheer cooling trade-war tensions. Another boost has come from the Fed and from Google, whose shares are up nearly 5 percent in premarket trading on decent first-quarter results.But while Washington and Beijing seem to be easing off their brinkmanship, it may be too late to reverse the damage to the economy and business psychology.The latest: China may suspend some of its most onerous levies on vital U.S. imports — including plane leases, medical equipment and industrial chemicals — Bloomberg reports. That comes as President Trump reportedly considers dialing…
Same cereal. Same sugary taste. Different hues.A box of Froot Loops sold in the United States contains vivid rings of red, orange, green, purple, yellow and blue — neon colors derived from synthetic dyes, like Red No. 40, Yellow No. 5, Blue No. 1 and Yellow No. 6. In a box sold in Canada, the colored rings obtain paler shades from the juices of blueberries, watermelon and huito, an Amazonian fruit. And not a single one is blue.The manufacturer in both countries, WK Kellogg, formerly known as the Kellogg Company, can clearly make Froot Loops without synthetic dyes. The question…
Cereal. Ice cream. Flavored sparkling water. A Snickers bar. Donuts and brownies. Candy.What sounds like the treats table at a child’s birthday party is, in fact, a list of snacks that can now be found crammed with protein.Next week, Khloé Kardashian, the reality TV star and entrepreneur, will add her Khloud Protein Popcorn to the list . Her popcorn will come in three different flavors: white Cheddar, olive oil and sea salt, and sweet and salty. It will contain 7 grams of protein per serving, derived from the popcorn’s “Khloud Dust,” which is a blend of milk proteins and seasoning,…
Ziff Davis, the digital publisher behind tech sites like Mashable, PCMag and Lifehacker, sued OpenAI on Thursday, joining a wave of media companies accusing the artificial intelligence giant of stealing its content.Ziff Davis is one of the largest publishers in the United States, with more than 45 sites globally that together attract an average of 292 million visitors per month, and is among the biggest media companies pressing a claim against OpenAI.(The New York Times has sued OpenAI and its partner, Microsoft, claiming copyright infringement of news content related to A.I. systems. The two companies have denied the suit’s claims.)In…
President Trump and Elon Musk promised taxpayers big savings, maybe even a “DOGE dividend” check in their mailboxes, when the Department of Government Efficiency was let loose on the federal government. Now, as he prepares to step back from his presidential assignment to cut bureaucratic fat, Mr. Musk has said without providing details that DOGE is likely to save taxpayers only $150 billion.That is about 15 percent of the $1 trillion he pledged to save, less than 8 percent of the $2 trillion in savings he had originally promised and a fraction of the nearly $7 trillion the federal government…
Dear Tripped Up,In March 2024, I was awaiting my $96 Frontier Airlines flight from Fort Lauderdale, Fla., to Trenton, N.J., when gate agents announced they were seeking 20 volunteers to fly the next day instead, in order to lighten the aircraft’s load. The offer: an $800 credit for a future flight. (Or was it multiple future flights? This was the subject of debate among passengers.) I stepped forward, and was asked to write my email address on a piece of paper, which was passed around for the other volunteers to do the same. The gate agent was patient and polite,…
Seen and heard, tariff edition “We have three airplanes that we had in China ready for delivery. I think we’ve got two of those already back and we’re bringing the third airplane back. They have in fact stopped taking delivery of aircraft due to the tariff environment.”— Kelly Ortberg, the C.E.O. of Boeing, on CNBC on Wednesday. The company, whose longstanding ties to Beijing have been strained by U.S. tariffs, planned to deliver 50 airplanes to China this year, but may no longer do so. “The United States was more than just a nation. It’s a brand, it’s a universal…
Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for some of the country’s largest consumer-oriented companies.On Thursday, PepsiCo cut its full-year guidance outlook, citing a reduction in consumer spending as well as the impact the beverage and snacks company is feeling from increased global tariffs.“Relative to where we were three months ago, we probably aren’t feeling as good about the consumer now,” Jamie Caulfield, the chief financial officer of PepsiCo, told Wall Street analysts and investors on an earnings call Thursday morning.The company, which manufactures Pepsi and…
Officials in the United States are urging Japan and South Korea to make a formal commitment within the next few weeks to a $44 billion natural gas project in Alaska.The effort, known as Alaska L.N.G., is a centerpiece of President Trump’s energy agenda, and aims to ship gas from northern Alaska in a liquefied form to nations in Asia. Its feasibility hinges on securing backing from the region, home to some of the world’s largest purchasers of liquefied natural gas.A group advising Mr. Trump on domestic energy production, the National Energy Dominance Council, is seeking to convene officials from the…