Business
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Volkswagen freezing all US imports, including Audi, due to Trump’s 25% autos tariff
The Volkswagen brand has around 37,000 vehicles, sufficient for approximately two months of sales, in its US inventory, a spokesperson said.
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Microsoft employees fired after protesting ‘AI weapons’ supply to Israeli army at company’s 50th anniversary celebration: report
“You claim that you care about using AI for good but Microsoft sells AI weapons to the Israeli military,” Aboussad shouted at Microsoft AI CEO...
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BlackRock’s Larry Fink says most CEOs he talks to think US is in a recession as markets roiled by Trump tariffs
"Most CEOs I talk to would say we are probably in a recession right now," Fink, who heads the world's largest asset manager, said on Monday.
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US Steel shares surge 16% after Trump orders fresh review of Nippon Steel’s bid
US Steel and Nippon Steel had alleged in a lawsuit that Biden prejudiced CFIUS's decision and violated the companies' right to a fair review.
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Warren Buffett’s decision to sit on $300B cash pile pays off — as 500 richest moguls lose half a trillion dollars
Among the 10 richest people in the world, Buffett is alone in seeing his net worth rise since Jan. 1.
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Top Honda exec Shinji Aoyama forced out after ‘allegation of inappropriate conduct’
Aoyama joined Honda in 1986. CEO Toshihiro Mibe will take a 20% salary cut for two months "in light of the seriousness" of the matter.
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Sam Altman’s OpenAI mulls buying ex-Apple design guru Jony Ive’s AI device startup for $500M: report
Ive -- best known for working with late Apple co-founder Steve Jobs on many of company’s most iconic product designs, including the iPhone -- has...
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Oil slumps to $60 a gallon — lowest price since 2021 — as recession fears mount
Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC's recent surprise supply hike...
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Airlines bracing for turbulence as Trump tariffs threaten to hit travel demand
“Bookings from Europe to America are minus 25% for the summer," Accor hotel CEO, Sebastian Bazin said.
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Boeing settles lawsuits with two 737 MAX crash victims’ families on eve of trial
The trial was set to be the first against the planemaker stemming from two fatal 737 MAX crashes in 2018 and 2019 that led to the bestselling...
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Down, up and down again: Wall Street sees tumultuous third day of trading over tariff plan
Wall Street entered a third day of roller-coasting trading following President Trump's decision to impose massive reciprocal tariffs over trade...
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Trump promotes tariffs, tells elected officials don't be a 'panican'
President Trump has coined a new term for politicians sounding the alarm on his tariffs: "panicans."