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CNN  —  American consumers are on the cusp of tough choices because of President Donald Trump’s trade war. Ships now pulling into US harbors from China are the first to be subject to the massive tariffs that America is imposing on most Chinese imports. Many of them are half full. That means, in a matter of weeks, consumers will face higher prices and shortages of certain items. Imports from China have fallen dramatically since Trump imposed steep tariffs – particularly since last month, when the tit-for-tat trade war sent the tariff on most Chinese goods up to 145%. “This week,…

CNN  —  For the past 45 years, Chicago’s Little Village neighborhood has celebrated Cinco de Mayo with a parade featuring Mexican bands, floats and dancers, and a festival at a local park. But this year’s celebration, which attracts up to 300,000 people annually, has been canceled. Chicago is among several communities across the country that have canceled or scaled back cultural events due to President Donald Trump’s crackdown on undocumented immigrants. Event organizers said many Latinos, whether legal or undocumented, fear being arrested if they gather publicly in large crowds. Advocates also report that some are afraid to attend church,…

CNN  —  Those who have followed Berkshire Hathaway have long-anticipated that the day would come when legendary investor and CEO Warren Buffett called it quits. But the news came unexpectedly at Berkshire’s annual shareholder meeting on Saturday, as the 94-year-old Oracle of Omaha waited until the end of the event to announce he would step down at year’s end and would officially recommend Greg Abel to take his place. The board approved the plan, naming Abel as Berkshire’s next CEO when Buffett steps down at the end of this year, CNBC reported Monday. Buffett will remain the company’s executive chairman.…

Join Fox News for access to this content Plus special access to select articles and other premium content with your account – free of charge. By entering your email and pushing continue, you are agreeing to Fox News’ Terms of Use and Privacy Policy, which includes our Notice of Financial Incentive. Please enter a valid email address. Having trouble? Click here. NEWYou can now listen to Fox News articles! Two California high schools will leave the Nevada Interscholastic Activities Association (NIAA) over the state’s decision to prohibit transgender athletes from competing in girls’ sports.Truckee and North Tahoe High Schools were…

Martin Capital founder and CEO Rod Martin discusses whether President Donald Trump’s tariffs will result in a new global world order on ‘Making Money.’ Barbie maker Mattel announced it is raising prices on some of its toys and “further reducing reliance on China-sourced products” as the company navigates a “volatile macro-economic environment and evolving U.S. tariff landscape.”  The California-based toymaker imports about 20% of its goods sold in the U.S. from China, according to Reuters.  It quoted Chief Financial Officer Anthony DiSilvestro as saying Monday that Mattel is expecting around $270 million in incremental costs from tariffs in 2025, but plans…

In 2023, about one independent pharmacy closed every day, and similar numbers are expected for this year according to the National Community Pharmacists Association. Rite Aid has filed for bankruptcy for the second time in less than two years. The drug store chain announced Chapter 11 proceedings on Monday, stating in a press release that they are “pursuing a strategic and value-maximizing sale process for substantially all of its assets.””For more than 60 years, Rite Aid has been a proud provider of pharmacy services and products to our loyal customers,” Matt Schroeder, Chief Executive Officer of Rite Aid, said in…

CNN  —  Germany’s Friedrich Merz has formally become chancellor at the second attempt, hours after an unprecedented defeat signaled deep discontent within his coalition. In a hastily organized session on Tuesday afternoon, 325 lawmakers voted to approve his appointment — more than the 316 he required. His appointment was approved by the president shortly later, and he is set to be sworn in at the Bundestag. Merz, who won an election in February and unveiled a ruling coalition last month, had fallen six votes short earlier in the day, a stunning setback that marked another twist in a tortuous period…

CNN  —  Who knew becoming a millionaire was so easy? When European airline SAS, or Scandinavian Airlines, switched airline “alliance” in late 2024, it decided to make a song and dance about it, creating frequent flyer “millionaires” in the process. For 27 years, the airline had been part of the Star Alliance, an umbrella collection of 25 global carriers including stalwarts of the sky like United, Singapore Airlines and Ethiopian. But last year SAS — based in Copenhagen, with Stockholm and Oslo its other major hubs — switched to SkyTeam, which counts Delta, Virgin Atlantic and Air France-KLM among its…

CNN  —  When a deal to buy Caitlin Bigelow’s San Francisco condo fell through last month, she felt relief, rather than disappointment. Bigelow was working with a Realtor she trusted from Compass who had suggested she first list her home as a “Compass Private Exclusive.” That meant her home wouldn’t immediately be publicly advertised on home-search websites like Zillow or Redfin. Instead, the listing would be announced internally at Compass, one of America’s largest real estate brokerages, meaning only buyers represented by other Compass agents knew the home was for sale. Bigelow had received two offers from this method —…

New York CNN  —  Rite Aid on Monday announced it is filing for bankruptcy for a second time, barely just seven months after the chain exited Chapter 11 and emerged as a private company. The financially strapped drug store chain said it is looking for a buyer, and re-filing for Chapter 11 bankruptcy protection will help facilitate that process. The company said it would keep its stores open throughout its bankruptcy. “While we have continued to face financial challenges, intensified by the rapidly evolving retail and healthcare landscapes in which we operate, we are encouraged by meaningful interest from a…