Author: Harper Lane
President Donald Trump announced on Thursday that he anticipates a trade agreement with China “in the next three to four weeks” that could resolve the ongoing trade war. Speaking during an executive order signing in the Oval Office with Secretary of Commerce Howard Lutnick, Trump expressed confidence, stating, “I believe we’re going to have a deal with China. I think we have plenty of time.” However, there has been no immediate response from Beijing regarding the likelihood of a deal, and Trump refrained from addressing whether Chinese President Xi Jinping had initiated efforts to resolve the tariff conflict. This development…
Markets experienced a steep decline on Wednesday following consecutive tariff-related news from Nvidia and the Federal Reserve that unsettled investor confidence. The downturn began after Nvidia revealed, in a disclosure on Tuesday evening post-market, that it could face a $5.5 billion loss due to new export regulations on its H20 AI chips intended for the Chinese market. The company seems to be at the center of escalating tariff tensions between the U.S. and China. The situation worsened when Jerome Powell, President of the Federal Reserve, warned that renewed tariffs under the Trump administration could pose a "challenging scenario" for the…
Hong Kong’s postal service has announced a temporary suspension of deliveries from the U.S. as a response to the tariffs imposed by President Donald Trump. In a press release, the service criticized the U.S. for what it called “unreasonable bullying” and “abusive tariffs.” Specifically, Hongkong Post expressed concern over the U.S. government’s move to eliminate the duty-free de minimis treatment for postal items from Hong Kong and increase tariffs on parcels containing goods, effective May 2. As a result, Hongkong Post will not collect any tariffs on behalf of the U.S. and will halt the acceptance of items containing goods…
I arrived in Shanghai from Chicago in 2015, equipped with an 18-month work contract, a bulging suitcase, and 20 boxes on the way. My arrival in a country I had never visited was anything but ordinary. Having spent time in Israel and Argentina, I considered myself a “global citizen,” believing I’d quickly settle into my new life. Spoiler alert: I was overly confident. The reality hit me fast: China has its own ways, and it doesn’t adapt to outside expectations. Instead, I learned to navigate this expansive culture by adjusting my own pace and accepting that many answers simply boil…
This essay is based on a conversation with Sai Chiligireddy, an engineering manager at Amazon’s Seattle office, and has been edited for brevity and clarity. Business Insider has confirmed his employment history. I joined Amazon nearly eight years ago as a software engineer and, after five years, advanced to an engineering management position. Throughout my time at the company’s Vancouver and Seattle offices, I have conducted over 100 technical interviews. As a hiring manager, I made the final decision on new team members after thorough phone screenings, on-site assessments, and technical rounds. In my experience, Amazon evaluates candidates based on…
Former Treasury Secretary Larry Summers has voiced strong concerns about the future of DOGE, predicting it will lead to a “disastrous failure” that could deepen the US deficit. Speaking on the All-In Podcast, Summers remarked that while he acknowledges the need for greater efficiency in the US government, he worries that initiatives like DOGE may only complicate matters without addressing the underlying issues, such as the national debt. “I think we need much more reform,” Summers stated, noting that Democrats have become too beholden to specific groups and have lost touch with mainstream American concerns. He expressed skepticism that the…
There are many questions following the tragic crash of a tourist helicopter into the Hudson River in New York City on Thursday, which resulted in the deaths of Siemens Mobility executive Agustín Escobar, his wife, and their three children. The pilot, who had approximately 788 hours of flight experience, also died in the incident. The 21-year-old Bell 206 helicopter, registered as N216MH and operated by New York Helicopter, went down around 3:15 p.m. off the New Jersey shoreline. Eyewitness reports suggest that the helicopter crashed upside down after experiencing what appears to be a midair breakup. The aircraft was owned…
Waymo has officially launched in Tokyo. The Alphabet-owned autonomous vehicle company revealed on Wednesday that its Jaguar I-PACE vehicles will start mapping seven central wards of Tokyo, including Minato, Shinjuku, Shibuya, Chiyoda, Chūō, and Shinagawa, which are key commercial areas of the city. Currently, the vehicles will not operate without a driver. Nihon Kotsu and GO, two of Japan’s largest taxi services, will oversee the fleet and manually drive the vehicles. This collaboration aims to help Waymo’s vehicles gather important data to understand Japan’s specific driving patterns, such as the left-hand traffic system. Sandy Karp, a Waymo spokesperson, explained that…
As Donald Trump has targeted major law firms in recent weeks, the responses from various firms have been mixed. Some have chosen to make deals with the president, while others are staunchly resisting his pressure. Trump’s sweeping executive orders have led to reviews of government contracts with these firms, resulting in canceled security clearances for certain employees and, in some instances, barring them from federal buildings, including courthouses. Accusing Big Law firms such as Paul Weiss, Perkins Coie, and Covington & Burling of weaponizing the judicial system, Trump’s directives have complicated their operations. Several firms have filed lawsuits claiming that…
After making substantial donations and, in some cases, attending President Donald Trump’s 2025 inauguration, billionaire CEOs in the tech and finance sectors are now witnessing significant declines in their companies’ stock values. Since Trump’s announcement on April 2 regarding a 10% blanket tariff on all countries, coupled with additional tariffs on specific nations, the stock market has faced severe losses in just a few days. As of market close on Tuesday, April 8, 2025, here’s a look at how much eight companies have lost in share value since Inauguration Day: Apple Percentage of share decline since January 21: -23% Tim…