The US economy contracted. Don't panic
CNN
The economic recovery from Covid-19 stumbled in the first quarter, but that doesn't mean a recession is imminent.
Gross domestic product unexpectedly declined at an annual rate of 1.4% during the first three months of the year — the worst quarter for the American economy since the pandemic turned the world upside down in the spring of 2020.
However, economists say Thursday's ugly — and confusing — GDP report is not a reason for panic, nor a harbinger of an immediate recession. It was distorted by temporary factors, most notably a massive trade deficit due to supply disruptions, that mask underlying strength in the economy.
Trump is getting rid of paper straws, environmentalists say that’s (partly) a good thing
DeepSeek turned the tech world on its head last month – and for good reason, according to AI experts, who say we’re likely only seeing the beginning of the Chinese tech startup’s influence on the AI field.
Most people who live alone know they’re paying a premium compared to their friends who split rent with partners or roommates. But in no city is this “singles tax” more expensive than in New York City.
Missouri sued Starbucks this week, alleging the chain’s push to hire and promote more people of color and women violated anti-discrimination laws and slowed down coffee orders.
Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.
China’s power industry began construction on nearly 100 gigawatts of new coal plant capacity last year, the most in nearly a decade, a report from two clean-energy groups said Thursday.
Google Play said it restored TikTok to the US app store on Thursday, following promises by President Donald Trump to save the app and an executive action delaying the enactment of a ban on the wildly popular social media platform.
To hear Trump tell it, Thursday’s new tariffs announcement was a significant and sweeping order that will bring the world to heel. But the plan, as it were, consisted of a vaguely worded memo that offered few concrete details and no real timeframe for the next round of tariffs.
Americans are having a harder time managing rising debt burdens and in some cases haven’t been this overextended since the aftermath of the Great Recession.
US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for American shoppers.
Several channels owned by Paramount Global, including CBS, Comedy Central and MTV, have disappeared from YouTube TV on Thursday after the two companies failed to reach a contract renewal.
Elon Musk says he is prepared to drop his attempt to buy OpenAI if the ChatGPT maker maintains its current structure.
President Donald Trump is expected to announce a new round of sweeping reciprocal tariffs on Thursday, matching higher rates other nations charge to import American goods.