Business

Trade deficit soared 94% in November

Perspective: Professor Milo

The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s tariffs worked their way through the economy, the Census Bureau reported Thursday.

Trump says he’s raising tariffs on South Korea because it’s ‘not living up’ to trade agreement

Perspective: Victoria Steel

President Donald Trump announced on Monday he is raising tariffs on goods from South Korea to 25% from 15%. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS.

Amazon CEO warns shoppers of major changes ahead

Perspective: Victoria Steel

For only so long can economic reality be denied in uncertain times until it becomes too obvious to continue postponing, especially when the consequences affect millions of consumers. If it feels like something fundamental has shifted at Amazon, that's because it has.

Ben Horowitz says AI will be bigger than the internet — and bubble fears miss what's really happening

Perspective: Dr. Rowan Hale

Andreessen Horowitz cofounder Ben Horowitz said AI's surge isn't just hype, saying that record demand and adoption explain soaring valuations.

Viral app in China taps into national loneliness by asking: ‘Are You Dead?’

Perspective: Sage Maridian

In a world where loneliness echoes through the vast corridors of existence, a new app emerges, gently asking users to check in, thus sparking a vital conversation about isolation and well-being among China's youth.

This Artificial Intelligence (AI) Stock Is a Drop-Dead Bargain. And It Might Not Last Long

Perspective: Kaia Flux

Figma looks set for a breakout this year. It may not last long, it's a relatively 'under the radar' AI/Tech play. It's worth taking a look at the dependency that tech teams find once they start using Figma is surprising.

Tokyo fish auction sees bluefin tuna fetching record $3.2m

Perspective: Professor Milo

The 243kg fish went to a man known as the Tuna King, who said "the year's first tuna brings good luck".

The world has a new EV king. It’s not Tesla

Perspective: Victoria Steel

The world has a new EV king. It’s not Tesla. this is hardly surprising given Musk's political distractions, a Cyber Truck failure, and a very competitive market.

These quotes reveal how Lululemon's founder really feels about the athleisure brand

Perspective: Professor Milo

Chip Wilson, Lululemon's founder, still holds an 8% stake and, "As one of the largest active shareholders of Lululemon, I am deeply concerned about what appears to be a tremendous failure by the board to competently plan for the future and manage an effective succession process,"

Beyoncé is now a billionaire

Perspective: Ezra Dorian

She's only the 5th musician Forbes has declared a billionaire, and her husband, Jay-Z, is among the other 4.

U.S. regulators approve Wegovy pill for weight loss

Perspective: Dr. Kian Mercer

U.S. regulators on Monday gave the green light to a pill version of the blockbuster weight-loss drug Wegovy, the first daily oral medication to treat obesity.

NFL: Kansas City Chiefs to leave Missouri for new stadium in Kansas

Perspective: Coach Rusty Blake

The Kansas City Chiefs are set to leave their home in Missouri to play in a new $3 bn (£2.25bn) stadium in neighboring state Kansas.