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Business

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Best Buy warns of slower growth amid tariff and economic worries
Best Buy lowers outlook as tariff worries and weak sales hit business

NEW YORK CITY, New York: Best Buy, the biggest electronics store chain in the U.S., has lowered its forecast for the year. The company...

Costco delays imports to dodge tariffs, won’t raise prices yet
Costco misses revenue estimates but holds off on price hikes

ISSAQUAH, Washington: Costco is feeling the pinch from tariffs and soft consumer spending, missing Wall Street's revenue expectations...

U.S. stock markets close higher as techs surge
Dow Jones adds 214 points as U.S. stocks rally

NEW YORK, New York - U.S. stocks closed higher on Tuesday as the markets continues to ebb and flow on prouncements and moves by the...

Investors stare down trade tensions, soft factory data, oil rally
U.S. and global economies facing challenging times

NEW YORK CITY, New York: Weak U.S. manufacturing data, renewed tariff concerns, and rising oil prices are giving investors plenty to...

India’s March quarter GDP accelerates to 7.4%, defying annual trend
India's annual GDP growth slows to 6.5%, lowest in four years

NEW DELHI, India: India's economy hit a four-year low of 6.5 percent, lifted by an impressive fourth-quarter growth at 7.4 percent....

U.S. layoffs rise, profits fall as tariff concerns cloud outlook
Jobless claims surge as corporate profits slump in first quarter

WASHINGTON, D.C.: A sharp rise in jobless claims and a slump in corporate profits are adding fresh signs of strain in the U.S. economy,...

California

Section
U.S. layoffs rise, profits fall as tariff concerns cloud outlook
Jobless claims surge as corporate profits slump in first quarter

WASHINGTON, D.C.: A sharp rise in jobless claims and a slump in corporate profits are adding fresh signs of strain in the U.S. economy,...

Elf beauty buys Hailey Bieber's Rhode in $1 billion Deal
Hailey Bieber sells makeup brand Rhode to Elf Beauty for $1 billion

LOS ANGELES, California: Model Hailey Bieber's skincare and makeup brand, Rhode, is being bought by Elf Beauty for around US$1 billion....

Texas bill targets app store access for minors, awaits governor’s nod
Texas set to require age checks on Apple and Google app stores

SAN FRANCISCO, California: Texas is set to become the first major U.S. state to require Apple and Google to verify the age of users...

Skechers deal sparks wave of take-private talks amid trade turmoil
Retailers hit by Trump's tariffs eye private deals for stability

NEW YORK CITY, New York: As trade policy uncertainty rattles markets and slashes valuations, a growing number of U.S. retailers are...

U.S.-CALIFORNIA-CHINA-BUSINESS FORUM
U.S.-CALIFORNIA-CHINA-BUSINESS FORUM

(250604) -- LOS ANGELES, June 4, 2025 (Xinhua) -- Maria S. Salinas, president and CEO of the Los Angeles Area Chamber of Commerce,...

Roundup: California businesses committed to China as trade partner despite tariffs
Roundup: California businesses committed to China as trade partner despite tariffs

The 2025 China-California Business Forum comes at a pivotal moment in the U.S.-China relationship, as we navigate trade, uncertainty...

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