Category: Market

The long-standing competition between the nation’s leading premium credit cards is about to intensify once more. JPMorgan Chase announced last week that a refreshed version of its Sapphire Reserve card — the travel and dining rewards card that gained viral popularity when it launched in 2016 — is on the way. In a direct response,…

Kelly Ortberg’s first Paris Air Show as CEO of Boeing was expected to carry a notably optimistic tone. Since Ortberg took the reins in August, Boeing has made meaningful progress, including boosting output of its top-selling 737 Max aircraft, stepping up deliveries of new planes — a key revenue driver — and signaling a rebound…

Shares of Brazilian meatpacking giant JBS rose on Friday as the company made its debut on the U.S. public markets. The stock opened at $13.65 per share, giving the company a valuation of roughly $30 billion, which surpasses the market cap of its U.S. rival, Tyson Foods, currently valued at about $19.82 billion. By the…

Retail executives are growing increasingly confident in what’s being dubbed the “TACO trade.” After weeks of evolving trade policies, early negotiations, and ongoing court challenges, a new survey from consulting firm AlixPartners reveals a shift in sentiment among retail leaders. The June 1 poll, which included executives from consumer brands, retail chains, and related industries,…

Starbucks is preparing to introduce a generative artificial intelligence assistant, developed in collaboration with Microsoft through Azure’s OpenAI platform, to 35 store locations this month. The rollout is part of the company’s broader strategy to simplify baristas’ tasks and accelerate service times within its cafes. The technology was unveiled to more than 14,000 store managers…

General Motors announced Tuesday that it plans to invest $4 billion into three U.S. assembly plants, part of a broader move that includes relocating or expanding production of two vehicles currently built in Mexico. This announcement comes amid stalled trade negotiations between the Trump administration and Mexican officials. Earlier in the year, President Donald Trump…

At a used car market in Beijing, salesman Ma Hui expressed concern that China’s electric vehicle (EV) industry is caught in a destructive race to the bottom. He pointed out that EV manufacturers, led by BYD—the country’s market leader—have been locked in an intense price war that has not only squeezed the margins of automakers…

American fund managers are lobbying Congress over a provision in President Donald Trump’s tax bill that could discourage foreign investment in U.S. stock markets. The “One Big Beautiful Bill Act,” passed by the House and under Senate review, includes Section 899 — a measure designed to penalize foreign-owned firms from countries that impose what the…

U.S. Treasury yields experienced a sharp increase on Friday, driven by stronger-than-expected employment data. The 10-year Treasury yield rose by over 11 basis points to reach 4.506%, while the 2-year yield climbed similarly to 4.041%. The 30-year bond yield also advanced more than 8 basis points, settling at 4.966%. These movements suggest that investors are…

Midea, a home appliance manufacturer known for producing top-rated window air conditioners, has recalled approximately 1.7 million units due to potential mold growth that can lead to respiratory and health issues. The affected units include models that were highly praised by The New York Times, such as the Midea U and U+ series, which were…