Business -

US-China trade thaw? Beijing signals willingness to accept tariff level, seeks extension of truce

TazaPulseMay 21, 2026

China has signalled that it is willing to accept a certain level of US tariffs while pushing for an extension of the ongoing trade truce with Washington, a move that could indicate further stabilisation in ties between the world’s two largest economies, Bloomberg reported.According to a statement issued by China’s Commerce Ministry on Wednesday, Beijing...

‘Melody to the ears’: India’s toffee exports rise 166% in 12 years to Rs 132 crore in FY26, says Piyush Goyal

TazaPulseMay 21, 2026

Toffee became the talk of the town when Prime minister Narendra Modi gifted Melody toffees to Italian counterpart Giorgia Meloni during his Italy. The visit has brought fresh attention to India’s toffees sector with Commerce and Industry minister Piyush Goyal on Wednesday highlighting that the country’s toffee exports have climbed 166 per cent over the...

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E.l.f. Beauty (ELF) earnings Q4 2026

TazaPulseMay 21, 2026

E.l.f. Beauty is planning to walk back some of the tariff-fueled price increases it implemented less than a year ago after the retailer has seen a slide in demand that’s ramped up in recent months as consumers contend with higher gas prices. “Whenever you take a price increase that’s that big, you’re going to see...

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Sinkhole shuts runway at LaGuardia Airport, delaying flights

TazaPulseMay 21, 2026

Airplanes are seen on the runway at LaGuardia Airport amidst mass travel delays, on March 28, 2026 in New York, New York. Ryan Murphy | Getty Images A sinkhole at New York’s LaGuardia Airport shut down a runway on Wednesday and is set to delay flights, local officials said. The Port Authority of New York...

EPFO UPI withdrawal explained: How members can transfer PF directly to bank accounts, top points to know

TazaPulseMay 21, 2026

Employees’ Provident Fund Organisation (EPFO) subscribers will soon be able to withdraw provident fund money directly through the Unified Payments Interface (UPI), with testing of the facility already completed, Labour Minister Mansukh Mandaviya said on Tuesday. The move is part of a broader push by EPFO to improve service delivery and simplify access for over...

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Jeff Bezos says ‘no truth’ to ‘buy borrow die’ tax strategy

TazaPulseMay 21, 2026

Amazon executive chairman Jeff Bezos said a controversial tax strategy used by the wealthy to borrow against assets to lower their income taxes is largely a “myth.” “There’s no truth to this ‘buy, borrow, die’ thing,” Bezos told CNBC’s Andrew Ross Sorkin Wednesday in a wide-ranging interview. “I don’t even know where this comes from.” The “buy,...

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Lowe’s (LOW) Q1 2026 earnings

TazaPulseMay 20, 2026

Lowe’s on Wednesday reported quarterly results that beat expectations on the top and bottom lines and reaffirmed its full-year outlook. Revenue jumped about 10% compared with the previous year. Comparable sales increased 0.6% for the quarter, driven by what Lowe’s said was its spring execution and a 15.5% growth in online sales. “Roughly 60% to...

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Reebok owner Authentic Brands Group could IPO in 12 months

TazaPulseMay 20, 2026

The founder of Authentic Brands Group, the management firm behind dozens of retail and media names including Reebok, Champion and Brooks Brothers, said he expects to take the company public in the next 12 months as he announced a former Wynn Resorts CEO will be its next chief executive. In an exclusive interview with CNBC’s...

Kerala milk cooperative giant Milma to raise prices by Rs 4 per litre from June 1, fuel and production costs cited

TazaPulseMay 20, 2026

Milk prices in Kerala will go up by Rs 4 per litre from June 1 after dairy cooperative major Milma approved a price revision citing rising production, procurement and distribution costs amid mounting pressure on farmers.The decision was taken at a meeting of the Board of Directors of the Kerala Cooperative Milk Marketing Federation (KCMMF),...

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Fintech firm Mercury hits $5.2 billion valuation after funding round

TazaPulseMay 20, 2026

Immad Akhund, CEO and co-founder of the startup Mercury. Courtesy: Mercury Technologies Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively. That valuation is 49% higher than the San Francisco-based company’s previous funding round just 14 months ago, bucking...