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…
Louis Vuitton store window display in Mitsukoshi department store in Tokyo, Japan, on Friday, April 4, 2025. Bloomberg | Getty Images Shares of LVMH plunged 8% on Tuesday morning after the world’s largest luxury group posted an unexpected decline in first-quarter sales. The company reported a 3% year-on-year fall in first-quarter sales in a trading update published…
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images President Donald Trump on Wednesday dropped tariffs under his new trade plan to 10% on imports from most countries, as he…
Jakub Porzycki | Nurphoto | Getty Images Bitcoin fell below the $79,000 level as investors braced for more financial market volatility after U.S. equites suffered their worst decline since 2020 on the rollout of President Donald Trump’s restrictive global tariffs. The price of bitcoin was last lower by 4% at $78,835.07, according to Coin Metrics,…
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty Images Tesla shares fell almost 6% on Wednesday as data from Europe showed slowing sales last month, and investors grew…
The US has removed millions of dollars in bounties from senior members of the Haqqani militant network in Afghanistan, including one on its leader Sirajuddin Haqqani who is also the Taliban government’s interior minister. It is a significant move given that the Haqqani network is accused of carrying out some of the most high-profile and…
“It is a place we can go to see not just fine art, but to present the complexities of life and allow us to be more reflective and to grow,” said Ruth Mayer, a Miami Beach resident, who came to the meeting with her Israeli-born husband, Akiva Gross. “It doesn’t mean you have to walk…
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | Reuters The Consumer Financial Protection Bureau on Tuesday dismissed its lawsuit against the operator of the Zelle payments network and the three U.S. banks…
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Mortgage rates dipped slightly last week, but so did mortgage demand, as housing affordability continues to sideline potential buyers. Total mortgage application volume fell 6.6% for the week, according to the…
A lawsuit against Sean “Diddy” Combs and Jay-Z, which alleged the rape of a 13-year-old girl in 2000, has been dismissed, according to a legal filing submitted on Friday in New York. The attorney representing the anonymous plaintiff, referred to as Jane Doe, voluntarily withdrew the case, court records show. The filing was submitted by…
