Business

In a shocking turn of events, the American e-commerce landscape witnessed a jarring shift with Chinese e-tailer Temu’s implementation of exorbitant “import charges” that reach an astounding 145%. This seemingly innocuous adjustment covers seemingly straightforward customs processing costs but has decimated what was once a consumer haven for budget-friendly shopping. In just days, a summer

As we glide into 2025, the airline industry finds itself caught in a tense and turbulent climate. The once unshakeable confidence expressed by CEOs in the early days of this year has morphed into a dungeon of anxiety and caution. The warnings echoing from the mouths of leaders in aviation—especially American Airlines’ Robert Isom—are not

The rapid decline in consumer confidence is wreaking havoc on various industries, and business aviation is no exception. The fact that even affluent travelers are pulling back from making sizeable investments in private jets underscores a growing sense of uncertainty in the economy. According to a recent survey by Barclays involving business jet broker-dealers and

The ongoing trade war ignited by President Donald Trump’s administration has cast a shadow over American companies that depend on global supply chains for their survival. Among them is Hasbro, a titan in the toy industry. The company’s revelation that a staggering 145% tariff on imports from China could erode its profits by up to

The automotive sector in the United States finds itself in a precarious position thanks to the volatile tariff policies of the Trump administration. Recent reports suggest that President Trump is contemplating exemptions for certain automakers from tariffs on imported auto parts. While this may sound like a glimmer of hope for an industry staggering under

The American automotive industry, often perceived as a battleground of corporate rivalry, has unexpectedly banded together to challenge a looming government crisis: the proposed 25% tariffs on auto parts. In an unprecedented act of solidarity, six prominent policy groups have joined forces, warning that these tariffs could deliver a crushing blow to U.S. automotive production.

Chipotle Mexican Grill’s announcement about its impending entry into the Mexican market is met with a mix of skepticism and intrigue. As the company prepares to debut its first restaurant in Mexico in 2026, one can’t help but question the viability of this ambitious endeavor. The fast-casual dining sector is fraught with challenges, especially when

In an alarming trend, affluent Americans are increasingly looking beyond their homeland to safeguard and diversify their wealth. Switzerland, long celebrated for its political neutrality and economic stability, has emerged as the go-to destination for high-net-worth individuals seeking refuge from what many perceive as a turbulent financial landscape back home. With a deepening sense of

In an era characterized by economic anxiety and burgeoning inflation, one would expect affluent consumers to wield their financial acumen conservatively, especially amid political turmoil. Yet, recent statements from American Express’s Chief Financial Officer, Christophe Le Caillec, paint an entirely different picture. The company reported a remarkable 6% increase in billed business for the first

In an era where technological advances have made banking more efficient yet vulnerable, JPMorgan Chase has found itself at the center of a storm as it confronts a phenomenon birthed from its own systems: the so-called “infinite money glitch.” Evident through viral social media exploits, this glitch allowed cunning customers to withdraw funds against fraudulent