Elon Musk stepped back from his explosive feud with U.S. President Donald Trump, writing on X that he regrets some of his posts about his onetime ally and that they went “too far.” Early Wednesday morning, he posted “I regret some of my posts about President @realDonaldTrump last week. They went too far.” Musk’s break…

US stock futures slipped on Wednesday as Wall Street digested the progress on US-China trade negotiations and braced for the release of the May consumer inflation report. Futures on the S&P 500 (ES=F) and the Dow Jones Industrial Average (YM=F) both fell about 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) inched 0.1% lower. Teams…

(Reuters) -Starbucks has received “a lot of interest” in the sale of a stake in its China business, its chief executive told the Financial Times in an interview published on Wednesday, as the U.S. coffee chain looks to revive sales in its second-largest market. “The good news is we’ve got a lot of interest —…

Revenue: Third-quarter sales grew by 7.5% to nearly $8.1 billion. Wholesale Natural Products Sales: Increased by 12% compared to last year’s third quarter. Wholesale Conventional Products Sales: Up close to 3% year-over-year. Same-Store Sales: Increased by 1.5% on an ID basis. Gross Margin Rate: Declined 30 basis points to 13.4% of net sales. Adjusted EBITDA:…

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By Helen Reid MADRID (Reuters) -Zara owner Inditex missed expectations for first-quarter sales and the start of summer trading on Wednesday, heightening doubts over the fast-fashion retailer’s ability to deliver strong sales growth in an uncertain economic environment. Fears of resurgent inflation and an economic slowdown triggered by tariffs have already dampened consumers’ enthusiasm for…

American and Chinese negotiators agreed to a preliminary plan to ease trade tensions between the two nations during talks in London. The delegations will now take the proposal back to their respective leaders. Bloomberg’s Lizzy Burden breaks down the situation.