In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has…
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | Reuters President Donald Trump’s tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York. “It depends on how narrowly the tariff…
Imogen Foulkes BBC Geneva correspondent AFP US funding cuts will lead to an additional 2,000 new HIV infections each day and over six million further deaths over the next four years, the UNAids chief has warned. It would mark a stark reversal in the global fight against HIV, which has seen the number of deaths…
Top Senate Democrats on Friday asked the internal watchdogs of more than a dozen government agencies to investigate job cuts carried out at the direction of Elon Musk and his Department of Government Efficiency operation. The request was made in a letter signed by 15 Democratic senators and one independent who serve on government oversight…
A delivery rider passes by a Nike retail store on Dec. 29, 2024, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images The Trump administration’s radical overhaul of the federal government and economic policy is bleeding into corporate earnings. Nike reported earnings Thursday, and cautioned that it expects sales in its current…
Nike’s “Just Do It” ad slogan on Feb. 5, 2025, in London, England. Richard Baker | In Pictures | Getty Images The Trump administration’s radical overhaul of the federal government and economic policy is bleeding into corporate numbers. Nike reported earnings Thursday, and cautioned that it expects sales in its current quarter to plunge because…
The Czech Republic is pushing for EU support to keep Radio Free Europe/Radio Liberty (RFE/RL) running after the Trump administration cut funding for the global broadcaster. Foreign Minister Jan Lipavsky said RFE/RL, based in Prague, “is one of the few credible sources in dictatorships like Iran, Belarus, and Afghanistan”. In Eastern Europe, the US government-funded…
The decision appears to conclude a gradual reversal of fortune for Southwest Key, which has worked with the federal government for more than two decades, operating more than 25 shelters across Texas, Arizona and California. It has been awarded more than $6 billion in federal funds since 2007. After the H.H.S. announced that it would…
Thomas Mackintosh BBC News, London Getty Images Hundreds of National Oceanic and Atmospheric Administration (NOAA) staff have been laid off in the latest development in the Trump’s administration’s efforts to slash the federal workforce. Around 880 workers – including weather forecasters – have had their jobs terminated on Thursday, the BBC’s US partner CBS reported….
A view of the Google headquarters in Mountain View, California, on April 16, 2024. Tayfun Coskun | Anadolu | Getty Images Google told staffers in its “People Operations” and cloud organizations this week that it plans to cut employees as part of internal reorganizations, CNBC has learned. The company will offer a voluntary exit program…
