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Walgreens closing dozens of stores across 17 states: Here’s where

Walgreens closingsDozens of Walgreens locations are preparing to close in the coming weeks and months after the pharmacy giant announced plans to shutter about 1,200 stores to turn around its struggling U.S. business.

In October, Walgreens said about 500 store closures would happen during the fiscal year, but didn’t explain when the remainder would take place.

As of Tuesday, however, some of its more than 8,000 stores have been marked for impending closure online.

“This location will permanently close on May 22. We’re sorry for any inconvenience this may cause,” a banner on the location page for the Walgreens in East Haven, Connecticut, reads, offering customers information about transferring their prescriptions to another Walgreens.

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‘No one’s buying anything now’: how tariffs are striking a blow to historic Chinatowns

Chinatown losing because of ta

On a balmy afternoon last month, Amy Tran unboxed a delivery at Yue Wa Market, a small grocery and herbal medicine shop in Los Angeles’s Chinatown that she opened 17 years ago.

The package contained two dozen units of Shou Wu Chih, a Chinese herbal concoction known to rebuild kidney function and promote hair health. The shipment arrived two weeks after the US implemented new tariffs on Chinese imports, so her distributor charged her $115, a $35 markup from her previous order.

Tran said she had no choice but to increase the retail price from $6 to $7. It’s a steep up-charge for her customers, who are primarily Chinese seniors living off food stamps, some barely able to afford to buy a piece of fresh fruit or vegetable.

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Warren Buffett Announces He'll Retire From Berkshire Hathaway, Shocks Shareholders

Warren Buffett resignsRevered investor Warren Buffett shocked an arena full of his shareholders Saturday by announcing that he wants to retire at the end of the year.

Buffett said he will recommend to Berkshire Hathaway’s board Sunday that Greg Abel should become CEO at the end of the year.

“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said.

Abel has been Buffett’s designated successor for years, and he already manages all of Berkshire’s noninsurance businesses. But it was always assumed he wouldn’t take over until after Buffett’s death. Previously, the 94-year-old Buffett has always said he has no plans to retire.

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Trump softens tariff tone amid empty shelves warning, market slump

chain store ceo's meet with TrumpExecutives from three of America’s biggest retail chains warned President Donald Trump that things could get ugly if his aggressive economic agenda proceeds as planned, according to a new report from Axios.

During a private meeting in the Oval Office on Monday, the CEOs of Walmart, Target and Home Depot reportedly told the president that supply chains could freeze and prompt stores’ shelves to go barren if he doesn’t rein in his sharp tariff plans, and meddles with the Federal Reserve.

“The big box CEOs flat out told him the prices aren’t going up, they’re steady right now, but they will go up,” an administration official familiar with the meeting told Axios. “And this wasn’t about food. But he was told that shelves will be empty.”

According to a separate official briefed on the meeting, Trump was told that if he doesn’t change course, the impact could be noticeable in as little as two weeks.

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Trump's China Tariff Shocks U.S. Importers. One CEO Calls It 'End Of Days.'

Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports.

“When he announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very clever,” said Woldenberg, CEO of Learning Resources, a third-generation family business that has been manufacturing in China for four decades. “I had worked out that for a very modest price increase, we could withstand 40% tariffs, which was an unthinkable increase in costs.”

His worst-case scenario wasn’t worst-case enough. Not even close.

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Trump pauses reciprocal tariffs for 90 days, ups China's levy to 125%

tariff warPresident Donald Trump on Wednesday − in the latest twist of the tariff saga that has roiled financial markets for days − said he was authorizing a 90-day pause in reciprocal fees while raising China's levy to 125%.

China and the European Union earlier had unveiled stiff retaliation levies aimed at counteringTrump's tariff blitz, while an unfazed Trump urged global companies to set up shop in the U.S.

The Chinese Finance Ministry announced 84% tariffs on U.S. goods starting Thursday, up from the 34% previously announced.

“If the U.S. insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end,” the Ministry of Commerce wrote in a document released Wednesday.

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Trump threatens additional 50 percent tariff on China

Xi JinpingPresident Trump on Monday threatened to impose a 50 percent tariff on imports from China, a massive escalation of a potential trade war between the world’s two largest economies.

Trump’s threat is the latest tit for tat between the U.S. and China in the last week. The White House last Wednesday announced it would impose a 34 percent tariff on Chinese imports as part of “reciprocal” tariffs against dozens of countries.

Beijing responded by announcing a 34 percent tariff on American imports, leading to Trump’s warning on Monday.

Trump said in a post on Truth Social that China made the move, “despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set.”

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