Despite the optimism, President Donald Trump warned in a Truth Social post on Sunday that tech-related tariff exemptions will be short-lived.
China just poured more fuel on the trade war fire and called the US a 'joke'
China accused the US of "unilateral bullying and coercion" as it announced fresh tariffs on Friday morning.
EV maker Nikola files for bankruptcy protection
Nikola's CEO said that the company could not overcome its financial challenges in recent months and decided bankruptcy was its best option.
Markets in turmoil as Trump kicks off his trade war
Stocks in the US dropped Monday morning, following European and Asian markets lower as investors digested Trump's tariff announcements.
Spirit Airlines rejects Frontier's 2nd attempt to buy the struggling carrier
Spirit filed for Chapter 11 bankruptcy protection in November 2024, six months after a proposed merger with JetBlue collapsed.
American Airlines flights back in the air after a technical issue grounded all its planes across the US
A nationwide ground stop was issued for all American Airlines flights for roughly an hour on Christmas Eve. Flights are back in the air.
Intel's CEO steps down as the chipmaker tries to restore investor confidence
Intel's share price has almost halved this year but jumped 3% at the market open Monday after Pat Gelsinger's retirement was announced.
An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak consumer demand for EVs.
Europe faces a 'full-blown recession' under Trump's tariffs, a major Dutch bank is warning
Trump has pledged to launch fresh tariffs on imports into the US during his second term, which would likely hurt European economies.
Volatility, higher rates, and surging bitcoin. Here's what analysts are saying about Trump's victory.
The economic impact of a second term for Donald Trump is likely to be volatile, with public spending set to remain high, one commentator wrote.
Disney says it will appoint Bob Iger's successor as CEO in early 2026
Disney said James Gorman would become its new chair and announced plans to confirm a new CEO in early 2026.
Boeing's European rival Airbus is cutting up to 2,500 jobs at its space and defense unit
Airbus' defense and space division needs to become "faster, leaner and more competitive," its boss said as he announced thousands of job cuts.
Spirit Airlines stock plunges 38% on report it's considering filing for Chapter 11 bankruptcy
A Chapter 11 bankruptcy could let Spirit Airlines restructure its debt following a failed merger with JetBlue.
A dismal 'Bridgerton'-themed ball in Detroit is drawing comparisons to the woeful Willy Wonka experience
Guests complained of organizational chaos, bad food, and entertainment in the form of a "stripper" at the Regency-themed event — and want refunds.
Amazon RTO push is like ordering a new dish at a restaurant, only to realize you like your usual order better, says ex-Google HR boss
Laszlo Bock said Andy Jassy's drive to get Amazon workers in the office every day was a triumph of "traditional management over innovative management."
Scottie Scheffler, the world's top golfer, pocketed $25M bonus after ruling the season and making $12,000 for each shot
Scottie Scheffler has enjoyed one of the most dominant seasons in the history of golf, and he has the money to show for it.
Global stock markets are sliding and investors are holding on to their hats. Here's why.
Rising fears of a US recession, Japan's decision to raise interest rates and August volatility are all factors behind the stock market sell-off.
I queued for 10 hours to see the Queen lying in state. It was cold, boring, and exhausting, but a deeply moving reminder of the power of the monarchy.
After queueing for 10 hours, I was moved close to tears by the strength of feeling I witnessed over the death of Queen Elizabeth II.
The European Central Bank pulled the trigger on a record interest rate hike as Europe battles a Russian energy crisis and spiraling food prices
The second consecutive increase by the central bank is the biggest since it was founded in 1998, with more rises expected in the coming months.
Billionaire Richard Branson visited a Kyiv airfield to discuss rebuilding the world's largest cargo plane, which was destroyed by a Russian attack
The Antonov An-225 Mriya was destroyed in a fierce bombardment of Antonov Airport just days after Russia launched its invasion of Ukraine.