General Motors is bracing for a significant financial hit due to the Trump administration's tariffs on imported cars and auto parts. The company anticipates these tariffs will cost them between 4 and 5 billion dollars this year. This news comes as a blow to GM's profit expectations. The company has
The CEO of General Motors, Mary Barra, started her quarterly letter to investors with a nod to President Trump. She thanked him for his backing of the U. S. auto industry. However, she later revealed a significant issue: the company expects to face a financial hit of $4 billion to $5 billion due to
The U. S. economy took a surprising turn at the start of the year. It actually shrank. This wasn't a major crash, just a small dip. The U. S. gross domestic product, which is a measure of the economy's health, declined by 0. 3% in the first three months of the year. This was a big change from the st
A major delivery company is planning to let go of about 20, 000 employees by 2025. This move is part of a bigger plan to save money and boost profits. The company blames changes in global trade rules and new taxes for this decision. The news came out in a recent report about the company's earnings.
In October 2024, the scientific community said goodbye to Diane E. Griffin, a remarkable physician-scientist. She was known for her deep dive into how viruses cause disease. Griffin was not just a top virologist, but also a champion for the scientific community. She put in countless hours to support
The delivery world is in for a shakeup. UPS has announced it will be letting go of 20, 000 workers this year. This move is part of a bigger plan to tighten the belt and boost profits. The company is feeling the pinch from various factors, including the tariffs introduced by President Trump. These ta
A prominent figure in politics recently sat down for a chat about his first 100 days in office. This individual, known for his strong views, addressed concerns about the economy and trade policies. He was optimistic about the future, despite many people feeling anxious. During this conversation, he
President Trump has decided to ease up on his 25% tariffs on cars and car parts. This is a big change, as these import taxes were causing trouble for U. S. car makers. The idea is to give automakers a break while they move more of their production to the United States. The administration is offering
Amazon has no plans to show tariff costs on its site. This is despite a report that suggested otherwise and the White House's strong reaction. The misunderstanding started with a report from Punchbowl News. It said Amazon would display tariff costs next to product prices. This sparked a quick respon
A significant change is coming to how Americans buy goods from China and Hong Kong. A special rule, known as the de minimis exemption, is being phased out. This rule allowed items worth up to $800 to enter the U. S. without tariffs or customs forms. This exemption was a big deal for shoppers and ret
