News

Wholesale egg prices have 'plunged,' analyst says — shoppers may soon see some relief

Prices in the wholesale egg market have fallen more than 40% since late February. It may take a few weeks for retail prices to catch up.

Buffett's Berkshire hikes stakes in five Japanese trading houses to almost 10% each

Berkshire Hathaway raised its holdings in five Japanese trading houses —  Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo.

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm

The deal with Walmart heightens the rivalry between Affirm and Klarna, two of the world's biggest BNPL players, just as Klarna is set to go public.

China’s retail sales strengthen at the start of the year, industrial output tops expectations

China's economic data for the first two months of the year showed a modest pickup as Beijing reiterated its plan to bolster domestic consumption.

Treasury Secretary Bessent says White House is heading off a 'guaranteed' financial crisis

Bessent believes market pullbacks are benign, and Trump's pro-business policies will boost the economy in the long run.

Goldman Sachs offers its newest option for downside protection in volatile markets

Goldman Sachs Asset Management launched its newest buffer exchange-traded fund this month.

Americans lost $5.7 billion to investment scams in 2024, FTC says. Here's how to protect yourself

Americans lost $5.7 billion to investment fraud in 2024, up 24% from 2023, according to the Federal Trade Commission.

'Please unleash us,' Europe's telcos urge regulators as industry bangs drum for more mega-deals

CEOs of several European telecoms firms are calling on regulators to make it easier for them to combine their operations with other businesses.

China's ‘Netflix' iQiyi is set to open a theme park with virtual reality based on its own shows

Chinese videostreaming platform iQiyi plans to open its first theme park this year — the latest company to bet that local consumers will spend on experiences.

New York AG announces bill to protect consumers from scams after Trump hobbles CFPB

With the Consumer Financial Protection Bureau frozen, consumers will have to rely on their state AGs and regulators when they have complaints.

Here’s the inflation breakdown for February 2025 — in one chart

The consumer price index rose 2.8% in February from 12 months earlier. Inflation decelerated but economists fear tariffs will stall progress.

China says it’s willing to cooperate with the U.S. on fentanyl

China is willing to do more to address U.S. concerns about illicit fentanyl trade, an official from the Ministry of Foreign Affairs told reporters Wednesday.
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