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iRobot, the U.S. firm that had robots vacuuming homes, will be taken over by its China-based supplier. It's assuring owners that devices will keep working as usual.
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Companies such as battery maker CATL earn big margins on export sales despite US tariffs
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Along with the unpredictable tariffs, stubborn inflation and weak hiring have shaken consumer confidence in the U.S. economy. The vast majority of U.S. adults say they've noticed higher than usual prices for groceries, electricity and holiday gifts in recent months, according to a December poll from The Associated Press-NORC Center for Public Affairs Research.
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