The U.S. Postal Service has temporarily suspended inbound package deliveries from China and Hong Kong following new tariffs imposed by President Donald Trump, affecting cross-border e-commerce and potentially increasing costs for U.S. consumers.
A SpaceX Falcon 9 rocket launched two WorldView Legion satellites for Maxar Intelligence from Kennedy Space Center, enhancing Earth observation capabilities.
Alphabet Inc., Google's parent company, reported a mixed financial performance for Q4 2024, with a revenue miss and higher-than-expected capital expenditure plans leading to a significant drop in stock price.
President Donald Trump signed an executive order to establish a U.S. sovereign wealth fund aimed at promoting fiscal sustainability, economic security, and international leadership. The fund plans to monetize U.S. assets for the benefit of the American people, with potential investments in infrastructure and companies like TikTok.
In response to U.S. tariffs, Canada announces retaliatory measures affecting $155 billion worth of American goods, escalating trade tensions and sparking fears of economic repercussions.
In response to U.S. tariffs on Canadian imports, Prime Minister Justin Trudeau has announced retaliatory tariffs on $155 billion worth of U.S. goods, targeting items from American beer to household appliances. Trudeau emphasizes the minimal role of Canada in U.S. fentanyl issues and calls for cooperation over conflict.
Newly confirmed Transportation Secretary Sean Duffy is quickly addressing key priorities, including a review of fuel economy standards and enhancing travel safety, with bipartisan support and a focus on infrastructure and regulatory reform.
The Federal Open Market Committee decided to maintain interest rates at 4.25%-4.5% during its first 2025 meeting, citing ongoing inflation challenges despite economic growth and a stable labor market.
Global tech stocks, including Nvidia, Microsoft, and Alphabet, faced a significant selloff due to the emergence of DeepSeek, a cost-efficient Chinese AI model, raising concerns over U.S. AI dominance and future demand for high-cost AI infrastructure.
Nvidia faced its worst single-day stock performance, losing nearly $600 billion in market value due to competition from Chinese AI company DeepSeek, raising concerns over Nvidia's dominance in the AI chip market.