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American farmers welcome China’s promise to buy soybeans, but the deal doesn’t solve everything

OMAHA, Neb. (AP) — American farmers welcomed China’s promise to buy some of their soybeans, but they cautioned this won’t solve all their problems as they continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds. The Chinese promise to buy at least 25 million metric tons of soybeans annually for next three years will bring their purchases back in line with where they were before President Donald Trump launched his trade war with China in the spring. But the 12 million metric tons that China plans to buy between now and January is only about half the ...

Five 2026 vehicles you should absolutely wait for

Don’t buy that new car yet. If you can wait, you’ll have new 2026 model year options that aren’t out yet. Although some models barely change, others are completely redesigned and often get the latest features and improvements. Whether you’re interested in improved fuel economy, ...

Nestlé cuts 16,000 jobs as part of an intensifying cost-cutting campaign

Nestle is cutting 16,000 jobs globally as the Swiss food giant cuts costs as part of its efforts to revive its financial performance. Nestle, which makes Nescafe, KitKats, pet foods and many other well-known consumer brands, said Thursday that the job cuts will take place over the next two years. The Swiss company also said that it is raising targeted cost cuts to 3 billion Swiss francs ($3.76 billion) by the end of next year, up from a planned 2.5 billion Swiss francs ($3.13 billion). It has been a turbulent year for the company, based Vevey, Switzerland. Last month, Nestle ...