World News Guru

UPS cutting 20K jobs due to fewer Amazon shipments United Parcel Service (UPS) said Tuesday that it will cut about 20,000 jobs and shutter 73 of its facilities as the logistics giant cuts costs amid a potential pullback by its largest customer, Amazon... Read more: https://worldnewsguru.us/economy-news/ups-cutting-20k-jobs-due-to-fewer-amazon-shipments Originally published on World News Guru

American Airlines sues JetBlue after partnership talks collapse American Airlines is suing JetBlue "to recover money owed to American following the unwinding of the Northeast Alliance (NEA)," a letter sent to team members on Monday said.American shared the letter ... Read more: https://worldnewsguru.us/economy-news/american-airlines-sues-jetblue-after-partnership-talks-collapse Originally published on World News Guru

President Donald Trump's first 100 days: Companies that will invest $1B or more in the US President Donald Trump is marking the first 100 days of his second term, highlighting some of the investments companies will make within the United States. Trump promised in December to cut red tape f... Read more: https://worldnewsguru.us/economy-news/president-donald-trumps-first-100-days-companies-that-will-invest-1b-or-more-in-the-us Originally published on World News Guru

President Trump first 100 days in office: How is inflation doing? President Donald Trump has notched the first 100 days of his second term, putting a spotlight on how inflation and other key issues have fared in his first few months in office.When he took office, th... Read more: https://worldnewsguru.us/economy-news/president-trump-first-100-days-in-office-how-is-inflation-doing Originally published on World News Guru

Trump to reduce impact of auto tariffs as industry makes effort to return manufacturing to US: 'Major victory' President Donald Trump is expected to announce a decision to reduce the impact of tariffs on automakers on Tuesday in Michigan, FOX Business confirmed.A source within the Trump administration said the... Read more: https://worldnewsguru.us/economy-news/trump-to-reduce-impact-of-auto-tariffs-as-industry-makes-effort-to-return-manufacturing-to-us-major- Originally published on World News Guru

DHL resumes global shipments of packages worth over $800 to US customers DHL Express is resuming shipments valued at more than $800 to consumers in the U.S. from businesses in other countries. The parcel delivery company announced the move on Monday, marking an end to a te... Read more: https://worldnewsguru.us/economy-news/dhl-resumes-global-shipments-of-packages-worth-over-800-to-us-customers Originally published on World News Guru

IBM announces $150B investment in US International Business Machines Corporation (IBM), one of the nation's largest technology employers, is planning to invest $150 billion in the U.S. "over the next five years to fuel the economy and to... Read more: https://worldnewsguru.us/economy-news/ibm-announces-150b-investment-in-us Originally published on World News Guru

These companies have announced their intention to increase US manufacturing amid Trump's first 100 days Numerous companies have outlined new investments in U.S. manufacturing in recent weeks. The announcements, coming from sectors such as tech, pharmaceuticals, automobiles and more, have been unveiled a... Read more: https://worldnewsguru.us/economy-news/these-companies-have-announced-their-intention-to-increase-us-manufacturing-amid-trumps-first-100-da Originally published on World News Guru

Trump 'wasn't worried' about the bond market tsunami President Donald Trump said the volatile swings in the bond market earlier this month and the sinking U.S. stock market weren't the reason for implementing a 90-day tariff pause on U.S. trading partne... Read more: https://worldnewsguru.us/economy-news/trump-wasnt-worried-about-the-bond-market-tsunami Originally published on World News Guru

China foreign minister says Trump's tariffs reveal 'extreme egoism' as he speaks out against protectionism Chinese Foreign Minister Wang Yi said Friday that Beijing backs international rules when it comes to tariffs imposed by U.S. President Donald Trump and that the U.S. levies show "extreme egoism."The f... Read more: https://worldnewsguru.us/economy-news/china-foreign-minister-says-trumps-tariffs-reveal-extreme-egoism-as-he-speaks-out-against-protection Originally published on World News Guru

UK chancellor touts defense spending push, outlines US trade talks The United Kingdom is boosting its defense spending to do its part to bolster European security and working with the U.S. on negotiating a new trade deal between the two longtime allies.U.K. Chancello... Read more: https://worldnewsguru.us/economy-news/uk-chancellor-touts-defense-spending-push-outlines-us-trade-talks Originally published on World News Guru

American wool farmers struggle as trade war impacts China market Some sheep farmers are being impacted by the U.S.-China trade war in the form of unsold wool.A large share of wool—about 50 to 60%—is typically exported, with China serving as the primary buyer and pr... Read more: https://worldnewsguru.us/economy-news/american-wool-farmers-struggle-as-trade-war-impacts-china-market Originally published on World News Guru

California overtakes Japan to become world’s 4th largest economy California has overtaken Japan to become the fourth-largest economy in the world, according to international and domestic trackers.Gov. Gavin Newsom touted the finding in a statement on Wednesday, say... Read more: https://worldnewsguru.us/economy-news/california-overtakes-japan-to-become-worlds-4th-largest-economy Originally published on World News Guru

US existing home sales fall more than expected in March U.S. existing home sales fell more than expected in March, weighed down by higher borrowing costs, and further weakness is likely as growing concerns of an economic slowdown because of tariffs sap dem... Read more: https://worldnewsguru.us/economy-news/us-existing-home-sales-fall-more-than-expected-in-march Originally published on World News Guru

Mortgage rates dip from prior week, Freddie Mac says Mortgage rates slipped this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-dip-from-prior-week-freddie-mac-says Originally published on World News Guru

Private equity firm expands investments into US-based oil and gas energy for investors A Texas-based private equity firm is broadening the variety of ways that investors can tap into U.S.-based energy projects.American Energy Fund announced this month that it had expanded its asset-back... Read more: https://worldnewsguru.us/economy-news/private-equity-firm-expands-investments-into-usbased-oil-and-gas-energy-for-investors Originally published on World News Guru

China accuses US of 'bullying' the world with tariffs at UN meeting UNITED NATIONS — China accused the U.S. of using tariffs to bully other nations as it led a United Nations Security Council Arria-formula meeting on "The Impact of Unilateralism and Bullying Practices... Read more: https://worldnewsguru.us/economy-news/china-accuses-us-of-bullying-the-world-with-tariffs-at-un-meeting Originally published on World News Guru

Tariff-induced price hikes, trade worries highlighted in Fed's Beige Book A new report from the Federal Reserve showed that U.S. businesses are reporting increased costs due to tariffs, which they expect to largely pass on to consumers in the form of higher prices.The Feder... Read more: https://worldnewsguru.us/economy-news/tariffinduced-price-hikes-trade-worries-highlighted-in-feds-beige-book Originally published on World News Guru

Treasury Secretary Bessent says there's an opportunity for a 'big deal' with China Treasury Secretary Scott Bessent on Wednesday said that there's an opportunity for a "big deal" with China to lower tariffs if Beijing is willing to take steps to rebalance its economy.Bessent deliver... Read more: https://worldnewsguru.us/economy-news/treasury-secretary-bessent-says-theres-an-opportunity-for-a-big-deal-with-china Originally published on World News Guru

Think venture capital is just a Silicon Valley game? Think again Venture capital is an increasingly national industry, with investments fueling innovation and job creation in all 50 states. From coast to coast, VC-backed companies are reshaping how we live, work, a... Read more: https://worldnewsguru.us/economy-news/think-venture-capital-is-just-a-silicon-valley-game-think-again Originally published on World News Guru