PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump’s trade policies added to its struggles in its home country. US-listed shares of the e-commerce giant fell by more than 13% on Tuesday, after the firm said its profits for the first...
“This is, to us, an unprecedented opportunity,” the executive chairman of GEO Group said shortly after the election. As the Trump administration is ramping up detentions and deportations of immigrants living in the United States, it is also revising and expanding contracts with private prison facilities. Prison companies can earn millions from the federal government...
Lily Jamali Reporting fromSan Francisco Reuters Tesla boss Elon Musk says he will cut back his role in the Trump administration as the company’s profits and revenues plunged during the first three months of the year. Sales slumped and the brand has faced backlash as Musk became a political fixture in the White House. On...