France’s state-owned utility EDF said it will cap the cost of building six new nuclear reactors at 72.8 billion euros, a sharp rise from the 51.7 billion euros referenced when the plan was announced in 2022. The ceiling is stated in 2020 values, and EDF said it intends to improve both cost discipline and construction speed as the project moves…
First-Quarter Results Reflect Persistent Challenges Target Corporation revealed a notable decline in its sales for the first quarter of 2025, marking a decrease of 2.8% compared to the same period last year. The retail giant reported total sales of $23.85 billion, falling below analysts’ expectations of $24.23 billion. This downturn was largely driven by a significant 3.8% drop in comparable…
Moody’s downgrade and rising yields fuel fiscal concerns in Washington. Donald Trump’s proposed tax cuts and spending plan cleared a key hurdle in the House this week, but the initiative now faces growing scrutiny as the United States grapples with renewed attention on its rising national debt. Following last Friday’s downgrade of US credit by Moody’s Ratings, lawmakers from both…
On May 19, 2025, the United Kingdom and the European Union unveiled a series of far-reaching agreements aimed at redefining their relationship post-Brexit. This renewed cooperation, announced during a summit in London, marks a critical turning point in the diplomatic, economic, and political ties between the former partners. It was the first bilateral summit of its kind since the UK’s…
Economic indicators show rising costs are hitting consumers and businesses. More than 100 days into Donald Trump’s new term, the economic promise of lower prices is facing a stark reality: tariffs are pushing costs up — and businesses can no longer hide it. Leading the charge in confirming this trend is Walmart, which announced it will begin raising prices due…
Walmart has reported solid first-quarter performance despite an increasingly challenging economic environment. The retail giant posted net sales of $165.88 billion, representing a 2.7% increase compared to the same quarter last year. However, its net income fell by 9% to $4.64 billion, a decline largely attributed to rising import costs driven by newly imposed U.S. tariffs on key trading partners…
Tariffs, AI Features, and Subtle Tweaks Could Mask Cost Increases Apple could be preparing to raise the effective price of its next iPhone lineup this fall—without officially changing the sticker price. While the company hasn’t confirmed any such move, analysts and recent reports suggest Apple is weighing strategies to offset mounting tariff costs and shifting production realities, potentially without triggering…
