Author: Ethan Larkson

The United States and the United Kingdom have reached a significant trade agreement, marking what officials are calling a “full and comprehensive” deal between the two long-time allies. This development arrives in the wake of a series of sweeping tariff changes introduced by the U.S. administration that have impacted global trade dynamics. The deal is expected to bolster economic cooperation between the two countries, especially as both sides look to reset their trade priorities amidst shifting geopolitical and economic landscapes. While formal details of the agreement have yet to be made public, it is widely viewed as a strategic signal…

The European Union is preparing to strike back in the escalating trade tensions with the United States, this time targeting Boeing jets. This move comes in response to Washington’s 10% tariffs on European goods, including Airbus aircraft, reigniting a long-standing dispute between the world’s two largest aerospace markets. If implemented, this would be the first time since 2021 that both sides have introduced import taxes specifically affecting the civil aviation sector, which is valued at around $150 billion globally. The European Commission is expected to reveal the details of its planned counter-measures shortly, in case talks with the U.S. do…

The Walt Disney Company (DIS) has exceeded analysts’ expectations in its fiscal second-quarter earnings, posting impressive revenue and profit growth. Disney’s revenue for the quarter hit $23.6 billion, a 7% increase compared to the same period last year, surpassing the forecasted $23.1 billion. Earnings per share (EPS) reached $1.45, a 19% year-over-year rise, beating expectations of $1.20. As a result, Disney’s stock surged by nearly 10%, closing at $101.93. Theme Park and Streaming Growth Disney’s theme park division saw robust performance, with the Parks, Experiences, and Products segment generating $8.9 billion, a 13% increase in income. This growth was driven…

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with Chinese officials this weekend in Switzerland, signaling a potential de-escalation in the ongoing trade war between the two largest global economies. According to NPR, these talks are expected to focus on economic and trade matters, with both sides expressing concerns over the sustainability of current tariffs, which have heavily impacted trade. Bessent emphasized on Fox News that the existing tariffs, which currently stand at 145% on Chinese goods entering the U.S. and 125% on U.S. goods entering China, have created an “embargo-like” situation. “We don’t…

The U.S. airline industry is facing turbulence due to a slump in travel demand, largely attributed to President Donald Trump’s trade war and economic shifts. While all airlines are feeling the pressure, budget carriers like Southwest, Frontier, and JetBlue have been hit hardest, with sharp declines in their operating margins during the first quarter. On the other hand, major carriers like Delta and United Airlines have seen relatively stable margins despite faltering consumer demand. According to Devdiscourse, the economic outlook suggests that the margin gap between budget airlines and full-service carriers is expected to widen as the odds of slower…

In a significant move to expand its international presence, U.S.-based food delivery giant DoorDash has agreed to acquire its British rival, Deliveroo, for £2.9 billion ($3.9 billion). The deal, announced on Tuesday, comes as DoorDash aims to bolster its foothold in Europe, competing against the likes of Just Eat and Uber Eats. The acquisition offer, which values Deliveroo at 180 pence per share, represents a 44% premium over the company’s closing share price on April 4. Deliveroo’s shares saw a surge last week, reaching a three-year high after the announcement of the takeover bid, signaling strong investor interest. Deliveroo, which…

Grocery Outlet has officially opened its third location in the Las Vegas Valley at 9320 S. Eastern Avenue. The discount grocery store opened its doors to the public at 8 a.m. on Thursday, followed by a ribbon-cutting ceremony at 10 a.m. The new east Las Vegas store comes as rising grocery costs continue to impact local households. Known for offering lower prices than conventional supermarkets, Grocery Outlet’s expansion is expected to bring some financial relief to valley residents. This location follows the second store that opened on January 30 in Henderson and arrives less than two years after the first…

In honor of National Small Business Week, the City of West Hollywood will host a free virtual webinar titled “California Resources for West Hollywood Businesses” on Tuesday, May 6, 2025, from 2 p.m. to 3 p.m. via Zoom. The event is designed to connect West Hollywood’s small business community with valuable state and federal programs aimed at fostering business growth and resilience. The hour-long session will cover key topics such as access to capital, technical assistance, and general business resources. It is open to all West Hollywood business owners, entrepreneurs, and stakeholders at no cost. Speakers will include representatives from…

Broadridge Financial Solutions reported a 14% rise in its third-quarter profit, driven by strong performance in its investor communications unit, the company announced on Thursday. The Lake Success, New York-based fintech firm saw a notable boost in earnings due to heightened demand for managing investor communications in the lead-up to U.S. annual shareholder meetings during the proxy season. Broadridge plays a key role in distributing proxy materials and managing the voting process for banks, broker-dealers, and other financial institutions — a niche market that analysts believe gives the company a solid competitive advantage. For the quarter ending March 31, the…

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