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Walmart warns of price hikes from tariffs; aims to shield food costs

SMGN May 15, 2025

Walmart said Thursday that U.S. tariffs on goods from China and other countries are pressuring its supply chain and will soon result in price increases for American shoppers, potentially starting this month. CEO Doug McMillon told investors that the company is seeing higher input costs on many everyday items, and

Wall Street ends mixed as investors weigh trade moves and await economic indicators

SMGN May 14, 2025

The S&P 500 ended the day with a modest gain on Wednesday, oscillating between gains and losses as market participants awaited key economic figures following a strong start to the week. That early momentum was fueled by encouraging inflation data and a temporary halt in the tariff standoff between the

Tariff reprieve triggers rush and uncertainty for U.S. importers dealing with China

SMGN May 13, 2025

For Bonnie Ross, a New York–based clothing importer, the news that the U.S. would temporarily reduce tariffs on Chinese goods brought immediate relief — albeit short-lived. “It was a huge relief for about five minutes,” Ross says with a wry smile. Then the race against the clock began. Ross had

Markets rally as U.S. and China suspend harsh tariffs for 90-day trade truce

SMGN May 12, 2025

Markets surged Monday morning after the United States and China agreed to temporarily lift extreme tariffs that had recently paralyzed much of their cross-border trade. The Dow Jones Industrial Average shot up more than 1,000 points, or about 2.5%, shortly after trading began, while the S&P 500 advanced 2.6%. This

Chasing the Factory Dream: Can Industrial Jobs Truly Return to the U.S.?

SMGN May 9, 2025

“Factory jobs are going to come roaring back into our country,” President Trump declared last month as he introduced reciprocal tariffs. “We’re going to supercharge our industrial base.” But American manufacturing isn’t what it used to be. Since its 1979 peak of 19.6 million jobs, the industry has shed over

Apple challenges US judge’s contempt ruling over App Store conduct in high-stakes legal appeal

SMGN May 8, 2025

Apple challenges US judge’s contempt ruling over App Store conduct in high-stakes legal appeal – Apple has asked a US appeals court to halt a recent district court decision that could have significant consequences for the future operations of its highly profitable App Store platform. Last week, Judge Yvonne Gonzalez

Federal Reserve Maintains Rates Amid Economic Uncertainty Linked to Tariff Policies

SMGN May 7, 2025

The US Federal Reserve has opted to keep interest rates steady, citing significant economic uncertainty following recent tariff measures introduced by President Donald Trump. In its announcement on Wednesday, the central bank confirmed that interest rates would remain unchanged. This marks the third consecutive decision to maintain the current rate,

Trump Weighs 100% Tariffs on Foreign-Produced Films as Global Industry Responds

SMGN May 6, 2025

Trump Weighs 100% Tariffs on Foreign-Produced Films – Donald Trump has stated he intends to consult with Hollywood industry leaders following his earlier announcement that films produced outside the United States could face tariffs of up to 100%, prompting widespread reactions throughout the global film community. On Sunday, Trump said

Wall Street rebounds from tariff-induced losses as job data and trade hopes lift markets

SMGN May 5, 2025

U.S. stocks have recovered the losses sustained a month ago following the global tariffs announced by President Donald Trump, marking the longest stretch of consecutive gains in over twenty years for American equities. On Friday, Wall Street posted its ninth straight day of gains, a feat last achieved in 2004.

Tariff talks on the horizon? U.S. and China gauge the first move in prolonged trade standoff

SMGN May 2, 2025

On Friday morning, a representative of China’s Ministry of Commerce announced that Beijing is currently reviewing the possibility of entering into discussions with the United States regarding existing tariffs. This development was met with anticipation by international observers, as extremely high tariffs — in some cases reaching up to 245%

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ICE Adopts New Technology to Enhance Identification and Tracking Capabilities

SMGN November 8, 2025

Federal agency expands use of surveillance and AI-based monitoring tools U.S. Immigration and Customs Enforcement (ICE) is deploying advanced technology to strengthen its ability to identify and monitor individuals within the country. The new tools include mobile applications that allow federal agents to scan a person’s face through a phone

Kendrick Lamar Tops 2026 Grammy Nominations with Nine Nods

SMGN November 7, 2025

The Los Angeles rapper leads the field with his album “GNX” and hit single featuring SZA Kendrick Lamar’s dominance in the music industry shows no sign of slowing. The Los Angeles rapper received nine nominations for the 2026 Grammy Awards, marking another milestone in his celebrated career. His name appears

Trump Renominates Jared Isaacman as NASA Administrator

SMGN November 7, 2025

The White House reinstates nomination after previous withdrawal President Donald Trump has once again nominated tech entrepreneur and astronaut Jared Isaacman to serve as NASA administrator, months after initially withdrawing his name over concerns related to political affiliations. The earlier withdrawal, announced in May, followed what Trump described as a

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