South Korea Calls For ‘Mutually Beneficial’ Trade Deal With US

Sat, 28 Jun 2025 02:12:13 CDT

South Korea called for a “mutually beneficial” agreement on trade with the US during its new trade minister’s first trip to Washington this week.

How Long-term Compounding Multiplies the Awesome Power of the Stock Market

Sat, 28 Jun 2025 00:38:57 CDT

Time is the secret ingredient of investing, a market veteran says. Over many decades, diversified stock index funds have produced extraordinary results.

Hong Kong’s Sixfold Jump in Share Sales Drives Boom Year in Asia

Sat, 28 Jun 2025 00:00:00 CDT

Hong Kong’s having a banner year as it marches toward becoming the second- largest market globally for share sales for the first time since 2012.

What Is a Lafufu? Fake Labubus Find Some Fans Online.

Fri, 27 Jun 2025 23:06:00 CDT

As demand for the popular toys continues, some are embracing knockoffs, known as Lafufus.

Trump Says U.S. Ending Trade Talks With Canada Over Digital Services Taxes

Fri, 27 Jun 2025 22:51:47 CDT

The president said he would cease negotiations and impose new tariffs because of Canada’s imminent, new digital services taxes.

Trump Encourages Powell to Resign in Latest Attack on the Fed Chair

Fri, 27 Jun 2025 22:43:13 CDT

Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about cutting interest rates amid uncertainty about the economic outlook.

Middle East Tensions, CBO Track Record, US Gold Card, NYC Mayoral Primary | Wall Street Week

Fri, 27 Jun 2025 22:37:22 CDT

This week, how will the United States' involvement in the Iran-Israel war affect markets and hopes for cooperation in the Middle East? And, an interview with the Director of the Congressional Budget Office on the agency's role in predicting the fiscal impact of the "Big Beautiful Bill." Plus, will President Trump’s "Gold Card" attract foreign investment to the US? Later, how Zohran Mamdani’s success in the New York City mayoral primary election tells the story of the shift within the Democratic Party and what it means for business in the city. (Source: Bloomberg)

Stocks Head For Solid Month of Gains | The Close 6/27/2025

Fri, 27 Jun 2025 22:35:57 CDT

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Jeff deGraaf Renaissance Macro Sarah House Wells Fargo, Jason Goldberg Barclays, Kay Bailey Hutchison Former US Ambassador to NATO, Amanda Agati PNC, Sarah Bianchi Evercore, Vivek Mathew, Antares, Bobby Sharma, Bluestone, and Jake Danehy Fair Harbor (Source: Bloomberg)

Trump’s Tariffs Have Unsettled Thailand’s Pet Food Exporters

Fri, 27 Jun 2025 22:27:23 CDT

After rapid growth, Thailand is the biggest overseas supplier of pet food in the United States. Volatility in policy has some importers looking elsewhere.

Ex-Nielsen Unit Files for US IPO That Could Target Up to $1.25 Billion

Fri, 27 Jun 2025 21:59:40 CDT

NIQ Global Intelligence Plc filed for an initial public offering, earmarking the proceeds to pare its debt load.

Trump on Canada Trade Talks: ‘We Have All the Cards’

Fri, 27 Jun 2025 21:25:30 CDT

President Donald Trump explains why he was ending all trade discussions with Canada during remarks with reporters at the Oval Office.

Billionaire Michael Dell Reaps $1.2 Billion From Stock Sale

Fri, 27 Jun 2025 21:23:50 CDT

Dell Technologies Inc. Chief Executive Officer Michael Dell sold $1.2 billion worth of shares in his namesake computer company, reducing his stake by about 3%, according to a Friday filing.

Supreme Court Curbs Judges in Birthright Case as Trump Touts Win

Fri, 27 Jun 2025 21:22:23 CDT

A divided SCOTUS left unresolved a fight over President Trump’s restrictions on automatic birthright citizenship. The 6-3 ruling said Trump’s restrictions on birthright citizenship at a minimum won’t take effect for 30 days. Erik Larson explains. (Source: Bloomberg)

Authorities Rescue Girl Whose Mother Livestreamed Her Sexual Abuse

Fri, 27 Jun 2025 21:18:11 CDT

The 9-year-old from Vietnam was abused by her mother for customers watching on smartphone apps in the U.S. and elsewhere. The mother said she needed the money.

California Regulator Wants to Pause Newsom Refinery Profit Cap

Fri, 27 Jun 2025 21:05:51 CDT

California’s energy market regulator is backing off a plan to place a profit cap on oil refiners in the state.

Trump Says He’ll Pick a Fed Chair Who Wants to Cut Rates

Fri, 27 Jun 2025 21:01:29 CDT

President Donald Trump said he would choose a successor for Federal Reserve Chair Jerome Powell who wants to cut interest rates, a condition that would strike at the heart of the central bank’s independence.

Large US Banks Clear the Fed’s Annual Stress Test

Fri, 27 Jun 2025 20:55:55 CDT

A group of large US banks comfortably cleared the Federal Reserve’s annual stress test. The 22 banks subjected to this year’s test all remained above minimum capital levels in a hypothetical recession. Sally Bakewell has more on “Bloomberg The Close.”

Senate Republicans near deal on Trump’s tax bill, lawmakers say

Fri, 27 Jun 2025 20:54:28 CDT

Republicans are haggling over how to cut Medicaid as Trump warns lawmakers not to be “grandstanders.”

American Airlines Flights Snarled by Computer Glitch

Fri, 27 Jun 2025 20:53:55 CDT

A systems outage temporarily grounded some planes on Friday, causing headaches for both crew and passengers around the United States.

Wall Street’s Booming June Is Big Bet Against Economy Doomsayers

Fri, 27 Jun 2025 20:44:22 CDT

Wall Street is throwing a summer party with markets just closing out their best cross-asset advance in more than a year on receding fears of a global trade war, igniting a buying frenzy in everything from tech funds to junk bonds.

:( Microsoft’s ‘Blue Screen of Death’ Is Going Away

Fri, 27 Jun 2025 20:42:37 CDT

The blue screen that stressed computer users for more than three decades is giving way to a black one.

Trump Signals U.S. Is Nearing Trade Deals but Says Some Countries Will Face Tariffs

Fri, 27 Jun 2025 20:42:05 CDT

President Trump said the United States would send out letters telling other countries “what they have to pay,” even as other officials said negotiations could be extended past a July deadline.

S&P 500 Hits a Record High, Surging Through Trump Turmoil

Fri, 27 Jun 2025 20:34:16 CDT

The index has regained all the ground it lost in March and early April, when President Trump proposed his broad array of tariffs.

GE Vernova Is Exploring a Sale of Its Proficy Software Business

Fri, 27 Jun 2025 20:21:39 CDT

GE Vernova Inc. is exploring a potential sale of its industrial software business known as Proficy, according to people familiar with the matter.

S&P 500 squeaks out record high even as new trade tensions emerge with Canada

Fri, 27 Jun 2025 20:04:29 CDT

The tech-heavy Nasdaq also notched a record finish to help cap Wall Street’s comeback from the tariff-fueled lows of April.

Platinum-Backed McGraw Hill Files for IPO Showing Narrowing Loss

Fri, 27 Jun 2025 19:53:46 CDT

Platinum Equity-backed McGraw Hill Inc. filed for an initial public offering, a sign that private equity firms are resurfacing to take more of their portfolio companies public.

The Concorde-and-Caviar Era of Condé Nast, When Magazines Ruled the Earth

Fri, 27 Jun 2025 19:48:02 CDT

Opulent days are over at Vogue, Vanity Fair and other once-powerful glossies. Anna Wintour is giving up (some) control. Now that everyone’s a gatekeeper, why do we keep recreating their status-obsessed world?

Vale’s New CEO Aims to Make Brazilian Miner the World’s Biggest

Fri, 27 Jun 2025 19:45:37 CDT

The new head of Vale SA has laid out one of the Brazilian company’s biggest ambitions -- becoming the world’s largest metals producer by market capitalization.

Bruckheimer Pushes Egos Aside to Get 'F1' in Theaters

Fri, 27 Jun 2025 19:40:15 CDT

"F1: The Movie" is now in theaters with a star studded cast including Brad Pitt, Damson Idris and Kerry Condon. Produced by seven-time Academy Award winner Jerry Bruckheimer, it is looking to give the summer box office season a speedy start. Bruckheimer sat down with Bloomberg Hot Pursuit Co-Hosts Matt Miller and Hannah Elliott ahead of its release. (Source: Bloomberg)

The Future of Venture Capital Investing: Uncharted Summit

Fri, 27 Jun 2025 19:32:10 CDT

Michael Loeb, founder and CEO of Loeb Enterprises and host of the Uncharted summit, talks about where he sees the future of venture capital investing and gives his thoughts on how artificial intelligence is shaking up business. (Source: Bloomberg)

Boaz Weinstein on Card Counting, Private Credit and Night Sweats

Fri, 27 Jun 2025 19:20:18 CDT

Boaz Weinstein, founder and chief investment officer of Saba Capital, spoke with Sonali Basak at a blackjack table in Atlantic City. (Source: Bloomberg)

Trump Ends Trade Talks With Canada

Fri, 27 Jun 2025 19:18:45 CDT

President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax, and threatened to impose a fresh tariff rate within the next week. Tyler Kendall reports from the White House. (Source: Bloomberg)

Succinct CEO on State of Crypto Fundraising, App Development

Fri, 27 Jun 2025 19:09:59 CDT

Succinct CEO and Co-Founder Uma Roy discusses the state of crypto fundraising and app development. She speaks with Tim Stenovec and Sonali Basak on “Bloomberg Crypto.” (Source: Bloomberg)

US reaches deal with China to speed up rare-earth shipments, White House says

Fri, 27 Jun 2025 19:01:20 CDT

China confirms details amid efforts to end trade war but reiterates it will continue to approve export permits The US has reached an agreement with China to speed up rare-earth shipments into America, officials confirmed on Friday. The news sent US stock markets to fresh highs amid news of wider efforts to end the trade wars between the US and the world’s biggest economies. Donald Trump said on Thursday that the US had signed a deal with China the previous day, without providing additional details, and that there might be a separate deal coming up that would “open up” India. Continue reading...

Anna Wintour Cedes Vogue Editor in Chief Title But Will Retain Editorial Control

Fri, 27 Jun 2025 18:42:45 CDT

American Vogue will create a new role, “head of editorial content,” beneath Ms. Wintour, who is giving up her editor in chief title. She’s not leaving, though.

PCE Inflation Was Slightly Hotter in May as Economists Brace for Trump’s Tariffs

Fri, 27 Jun 2025 18:22:42 CDT

Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.

Canadian Stocks Fall as Trump Ends Trade Talks With Nation

Fri, 27 Jun 2025 18:19:00 CDT

Canada’s equities benchmark quickly dropped on Friday after US President Donald Trump said in a social media post that he was ending all trade discussions with the country, claiming that it is implementing a digital services tax.

Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon

Fri, 27 Jun 2025 18:05:01 CDT

Nike investors finally have an answer from CEO Elliott Hill about how long its turnaround plan will take, boosting confidence that upside is ahead.

Hemi V-8 engines and mechanical bull rides: Inside Stellantis' plan to revive its Ram Trucks brand after yearslong sales declines

Fri, 27 Jun 2025 18:04:51 CDT

Ram CEO Tim Kuniskis' turnaround plan for Stellantis' truck brand includes the return of Hemi V-8 engines, mechanical bulls and many other untraditional plans.

3 forces driving a record week for stocks as 7 portfolio names hit new highs

Fri, 27 Jun 2025 17:58:09 CDT

The S&P 500 and Nasdaq Composite jumped to all-time highs Friday, a remarkable comeback from the dark days of April.

US Rivals Like China and Russia See Opportunity in Voice of America Shutdown

Fri, 27 Jun 2025 17:25:17 CDT

The Trump administration is not just releasing its grip on the global megaphone but handing it off to its eager adversaries, foreign policy experts say.

G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight

Fri, 27 Jun 2025 17:19:21 CDT

American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.

Saks Gets $600 Million Lifeline as Creditors Face Steep Losses

Fri, 27 Jun 2025 16:43:29 CDT

Saks Global Enterprises has reached a $600 million debt deal with a number of its existing lenders that would force some creditors to accept losses and push them back in the repayment priority line.

Stocks making the biggest moves midday: Nike, Uber, Newmont, Trade Desk and more

Fri, 27 Jun 2025 16:30:15 CDT

These are the stocks posting the largest moves in midday trading.

Supreme Court upholds Affordable Care Act’s preventive care mandate

Fri, 27 Jun 2025 16:29:00 CDT

The challengers argued that members of the Preventive Services Task Force were improperly appointed because they were not approved by the Senate.

Lisa Kudrow’s ‘The Comeback’ to Come Back to HBO

Fri, 27 Jun 2025 16:10:52 CDT

Lisa Kudrow’s critically beloved cult comedy will return to HBO next year, the network announced on Friday.

What Business Is Watching in Negotiations Over Big Policy Bill

Fri, 27 Jun 2025 15:39:45 CDT

Senate Republicans are debating changes to the legislation, after a key official rejected some proposals. Time is ticking for hitting President Trump’s deadline.

Stocks making the biggest moves premarket: Nike, Core Scientific, Pony.ai and more

Fri, 27 Jun 2025 15:31:28 CDT

These are the stocks posting the largest moves in premarket trading.

Ron Baron says he will never sell SpaceX in his lifetime

Fri, 27 Jun 2025 15:27:41 CDT

The Baron Capital CEO's conviction in the private space exploration company springs from the extraordinary growth seen since his original investment in 2017.

Lula to Go to Top Court to Challenge Overturn of Tax Decree

Fri, 27 Jun 2025 15:17:13 CDT

President Luiz Inacio Lula da Silva’s administration will appeal to Brazil’s Supreme Court to try to preserve a tax decree that Congress overturned this week, according to two government officials familiar with the matter.

Trump's war against the Powell Fed has taken another political turn

Fri, 27 Jun 2025 15:12:45 CDT

While Trump's name-calling of Powell isn't particularly new, the words now could signal action.

Boeing Wins Buy Rating as Redburn Sees ‘Healthier’ Company

Fri, 27 Jun 2025 14:38:28 CDT

Shares of Boeing Co. are set to make gains as the company speeds up production of commercial aircraft and takes steps to move on from a series of crises in recent years, according to Rothschild & Co. Redburn.

Inside a plan to use AI to amplify doubts about the dangers of pollutants

Fri, 27 Jun 2025 14:00:58 CDT

Risk analyst Tony Cox’s work has been backed by the chemical lobby, and some health experts are alarmed An industry-backed researcher who has forged a career sowing doubt about the dangers of pollutants is attempting to use artificial intelligence (AI) to amplify his perspective. Louis Anthony “Tony” Cox Jr, a Denver-based risk analyst and former Trump adviser who once reportedly claimed there is no proof that cleaning air saves lives, is developing an AI application to scan academic research for what he sees as the false conflation of correlation with causation. Continue reading...

S&P 500 Clinches Record as Traders Shake Off Canada Levy Threat

Fri, 27 Jun 2025 13:44:57 CDT

The S&P 500 joined the Nasdaq 100 in the race to all-time highs Friday, erasing a brief dip after President Donald Trump threatened Canada with fresh tariff rates.

Is ‘No Buy’ July the Best Way to Trim Your Spending?

Fri, 27 Jun 2025 13:00:05 CDT

One proponent argues that fiscal fasting pushes people to confront their spending habits. But other financial experts prefer a more consistent approach to budgeting.

Supreme Court allows states to cut off Medicaid funding for Planned Parenthood

Fri, 27 Jun 2025 12:22:14 CDT

Ruling says Medicaid patients cannot sue to get non-abortion health care from Planned Parenthood if states have cut off government funding for those clinics.

As Trump touts tariff deal, China pitches itself as global trade leader

Fri, 27 Jun 2025 12:04:08 CDT

As the U.S. and China finalized a trade agreement, Beijing pitched itself at the “Summer Davos” summit as an antidote to global economic “confusion and anxiety.”

China Confirms Trade Framework With U.S. to Lift Export Controls

Fri, 27 Jun 2025 11:13:49 CDT

The deal involves loosening exports of rare earths to the United States and the lifting of some restrictions on U.S. goods to China, China’s Ministry of Commerce said.

​Here's how the luxury real estate market is splitting up

Fri, 27 Jun 2025 11:00:01 CDT

​Here's how the luxury real estate market is splitting up

US Treasuries Post Third Week of Gains on Fed Rate-Cut Bets

Fri, 27 Jun 2025 10:19:54 CDT

US Treasuries closed out a third-straight positive week in a rally fueled by bets the Federal Reserve is ramping up to cut rates at least twice this year.

Moving back home to save money doesn’t mean you failed. Just read this.

Fri, 27 Jun 2025 10:00:45 CDT

Moving back home to save money doesn’t mean you failed. As my kids found out, it can be help you build some financial momentum before you jump out on your own.

The real reason airports all feel the same

Fri, 27 Jun 2025 10:00:10 CDT

Digging into restaurant reviews, the Department of Data found that differences between chains seem to disappear within airports. Why is that?

Nike expects Trump tariffs to cost it $1bn

Fri, 27 Jun 2025 09:27:55 CDT

Sportswear company to reduce manufacturing in China to soften the impact of US trade policies * Business live – latest updates Nike has said it expects costs to increase by about $1bn (£728m) as a result of Donald Trump’s tariff war as the sportswear company looks to reduce its manufacturing in China. The market value of the company has dropped by a third over the past year and it is taking action to reduce the hit, including increasing prices in the US and sourcing from other countries. Continue reading...

With Trump Bill, Republicans Try to Change the Way Budgets Work

Fri, 27 Jun 2025 09:02:09 CDT

With the broad tax and health care bill they are now trying to muscle into law, Senate Republicans are preparing to upend Washington’s accounting standards.

EU ready for trade deal with US but ‘all options on the table’, says von der Leyen

Fri, 27 Jun 2025 06:41:41 CDT

European Commission president says EU will ‘defend the European interest as needed’ as Trump threatens 50% steel tariffs The European Commission president, Ursula von der Leyen, has said the EU is ready for a trade deal with Donald Trump, but “all options remain on the table”. Von der Leyen said she was analysing the latest US negotiating document received on Thursday. “Our message today is clear, we are ready for a deal,” she told reporters, after briefing EU leaders at a summit in Brussels. “At the same time, we are preparing for the possibility that no satisfactory agreement is reached … and we will defend the European interest as needed. In short, all options remain on the table.” Continue reading...

Euro Poised for Best Run Since 2017 as Dollar’s Slump Picks Up

Fri, 27 Jun 2025 05:01:36 CDT

The euro is set for its longest stretch of monthly gains in eight years, boosted by rising confidence in Europe’s economic prospects and a hunt for alternatives to the slumping dollar.

Bill Moyers, Presidential Aide and Veteran of Public TV, Dies at 91

Fri, 27 Jun 2025 04:05:23 CDT

He was a renowned television correspondent and commentator who also had long ties with Lyndon B. Johnson, including as his press secretary.

Xiaomi shares soar to record highs as its new EV that undercuts Tesla draws strong response

Fri, 27 Jun 2025 02:29:02 CDT

Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla's Model Y.

Nike says tariffs will cost it $1 billion before price increases, supply chain shifts

Fri, 27 Jun 2025 01:47:48 CDT

Nike said its fiscal fourth quarter will see the worst of its turnaround efforts, but investors are wondering if sales and profits still have more room to fall.

The Evolution of Trump’s Views on Foreign Aid

Fri, 27 Jun 2025 01:39:25 CDT

The administration has gutted agencies like U.S.A.I.D., and President Trump has denigrated their work as wasteful and rife with fraud. His views on humanitarian assistance have seesawed since he entered political life.

11 Eastern Europeans charged in $10.6 billion Medicare fraud scheme

Fri, 27 Jun 2025 00:28:13 CDT

The fraud scheme, one of the largest such busts in U.S. history, involved billions of dollars in false health-care claims and stolen personal information.

Trump Administration Tells Congress to Kill ‘Revenge Tax’ From Policy Bill

Fri, 27 Jun 2025 00:24:27 CDT

Treasury Secretary Scott Bessent said the Group of 7 had agreed that penalties related to a 2021 “global minimum tax” deal would not apply to American companies.

Steve Burns From ‘Blue’s Clues’ Announced ‘Alive’ Podcast with Lemonada

Thu, 26 Jun 2025 23:30:05 CDT

The beloved children’s star is starting a podcast for adults. He hopes for thoughtful conversations and a lot of listening.

Oil Steadies at End of Turbulent Week as Focus Shifts to Tariffs

Thu, 26 Jun 2025 23:22:14 CDT

Oil held steady as traders weighed the uncertain status of nuclear talks between the US and Iran against reports that OPEC+ may extend its run of super-sized production increases.

Crypto Industry Moves Into the U.S. Housing Market

Thu, 26 Jun 2025 22:58:29 CDT

Americans are finding ways to use digital currencies to help them buy homes, and new companies are forming to help people tap their home’s value to buy Bitcoin.

S&P 500 Hits Record High After $10 Trillion Rally: Markets Wrap

Thu, 26 Jun 2025 22:30:23 CDT

Wall Street traders dodged a flurry of tariff headlines to drive stocks to all-time highs, capping a week that saw a cooling in Middle East risks and signs the US economy is holding up amid subdued inflation. A rally in Treasuries stalled. The dollar advanced.

House GOP holdouts threaten revolt over Trump and Senate’s tax bill

Thu, 26 Jun 2025 21:54:21 CDT

The Senate has overhauled President Donald Trump’s One Big Beautiful Bill, sparking serious concerns over federal spending and social programs in the House.

Trump Threatens to Sue The New York Times and CNN Over Iran Reporting

Thu, 26 Jun 2025 21:09:47 CDT

The president has criticized media coverage of a preliminary classified report that ran counter to his assertion that U.S. strikes had “obliterated” Iran’s nuclear program.

Stocks making the biggest moves after hours: Nike, Core Scientific and more

Thu, 26 Jun 2025 21:08:15 CDT

These are the stocks posting the largest moves in extended trading.

The Trump administration wants crypto to help you get a mortgage

Thu, 26 Jun 2025 20:10:50 CDT

A move by Fannie Mae and Freddie Mac would open up a new, and untested, path to getting home loans in the midst of an affordability crisis.

The $5 million Trump Card faces legal challenges, limited market

Thu, 26 Jun 2025 20:10:25 CDT

President Donald Trump is offering a $5 million path to citizenship for the wealthy with his Trump Card.

Bank investors bet on looser regulation under Trump. They are starting to see it

Thu, 26 Jun 2025 19:57:57 CDT

The Federal Reserve proposed changes this week that would lower capital requirements for large U.S banks.

Wall Street’s Regulatory Reins Start Loosening as Fed Proposes New Rule

Thu, 26 Jun 2025 19:54:39 CDT

The central bank is planning to reduce a capital buffer for the country’s largest banks, which critics warn will make the financial system less resilient.

U.S. is still 'exceptional' despite rest of world outperformance this year, Apollo's Marc Rowan says

Thu, 26 Jun 2025 19:51:52 CDT

The Apollo Global CEO expects the U.S. stock market will remain compelling to investors due to the strength of the tech sector.

Divided Fed OKs rule to ease capital requirements for big Wall Street banks

Thu, 26 Jun 2025 19:21:35 CDT

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate.

Stocks making the biggest moves midday: Micron, Penn Entertainment, Equinix, Core Scientific and more

Thu, 26 Jun 2025 19:07:42 CDT

These are the stocks posting the largest moves midday.

Prioritizing Diversity, Film Academy Will Widen Membership

Thu, 26 Jun 2025 18:56:21 CDT

The group invited more than 500 actors, directors and others to join. Left off the list was Karla Sofía Gascón, the first Oscar-nominated openly trans actor.

How the stock market made it back to a new record — even with so much still to worry about

Thu, 26 Jun 2025 18:37:25 CDT

The wall of worry has been crumbling with trade deals in motion and the economy remaining in solid shape.

Airport lounges, Europe and premium class are on the table, Southwest CEO says

Thu, 26 Jun 2025 18:07:42 CDT

Southwest CEO Bob Jordan said the airline is open to airport lounges and higher-end service like Europe flights and more premium classes to woo travelers.

Investigators begin analyzing black boxes from fatal Air India crash

Thu, 26 Jun 2025 17:58:01 CDT

Investigators have begun analyzing data from the black boxes recovered from the Air India Boeing 787 jet that crashed earlier this month, killing 270 people.

RFK Jr.'s CDC vaccine panel backs Merck RSV shot for infants

Thu, 26 Jun 2025 17:45:42 CDT

The votes in favor of Merck's shot are a sigh of relief after Kennedy gutted the panel and tapped replacements, some of whom are well-known vaccine critics.

How the Republican megabill targets immigrant finances

Thu, 26 Jun 2025 17:10:08 CDT

Provisions in Republicans' tax and spending bill would make the financial lives of immigrants harder, even those here legally, experts said.

Elizabeth Warren presses oil companies on tax break lobbying for Senate bill

Thu, 26 Jun 2025 16:37:57 CDT

Democratic senator leads calls for answers over provision that could cut fossil fuel firms’ income tax to zero Democratic lawmakers led by the Massachusetts senator Elizabeth Warren are pressing two energy companies about their efforts to “win a $1.1bn tax loophole” in Donald Trump’s so-called “big, beautiful bill”. The proposed exemption, which Senate Republicans inserted into their version of the reconciliation mega-bill this month, would exempt fossil fuel companies from paying a tax codified by Biden in 2022. Continue reading...

Rick Perry’s AI plan: A colossal nuclear campus in Trump’s image

Thu, 26 Jun 2025 15:47:48 CDT

Rick Perry’s sprawling proposal for four nuclear reactors and 18 million square feet of datacenter buildings near Amarillo aims to “Make America Nuclear Again.”

PayPal teams up with the Big Ten and Big 12 to enable payments to student-athletes

Thu, 26 Jun 2025 15:12:32 CDT

A new partnership between the Big Ten and Big 12 conferences and PayPal will allow student-athletes to receive their compensation via the fintech company.

Takeaways From Hard Fork’s Interview With OpenAI’s Sam Altman

Thu, 26 Jun 2025 14:34:49 CDT

Mr. Altman discussed President Trump’s understanding of artificial intelligence, the war for A.I. talent and OpenAI’s relationship with Microsoft.

The Alaska Town at the Center of Trump’s $44 Billion LNG Push

Thu, 26 Jun 2025 14:33:13 CDT

Nikiski in southern Alaska is waiting to see if backing from President Trump and a new developer will advance a decades-old initiative to export natural gas.

Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street 'alarmed' and 'depressed'

Thu, 26 Jun 2025 14:19:49 CDT

His possible win in the general election could bring what the Street hates most — tax hikes and tighter regulation threatening corporate and investment interests.

Jes Staley loses appeal against City ban for misleading watchdog over Epstein links

Thu, 26 Jun 2025 13:54:02 CDT

Former Barclays CEO remains barred from holding senior financial roles after his ‘serious failure of judgment’ * High flyer to pariah: the saga of Epstein-linked banker Jes Staley The former Barclays chief executive Jes Staley has lost a legal challenge against the UK financial regulator, leaving him banned from the City for life for misleading the watchdog over his relationship with the sex offender Jeffrey Epstein. The ruling, handed down by the upper tribunal judge Tim Herrington, said: “We agree with the [Financial Conduct] Authority (FCA) that Mr Staley’s breaches of the authority’s rules represented a serious failure of judgment by Mr Staley. Continue reading...

Pixar's 'Elio' is emblematic of a bigger headwind for Hollywood

Thu, 26 Jun 2025 13:48:28 CDT

Disney and Pixar's "Elio" had a record low opening for the studio, but its performance is emblematic of a much wider trend in Hollywood: a reliance on sequels.

Norway’s €19bn software company Visma picks London for IPO

Thu, 26 Jun 2025 13:16:27 CDT

Provisional decision by private equity-backed group is a boost for the LSE after a recent exodus of big names The €19bn Norwegian software company Visma has picked London over Amsterdam for its planned flotation next year, giving a much-needed boost to the London stock market. The company, which makes accounting, payroll and HR software products for 2.1 million customers across Northern Europe and Latin America, has yet to make a final decision but London is the frontrunner, it is understood. Continue reading...

Family offices double down on private credit and infrastructure during private equity slump, survey finds

Thu, 26 Jun 2025 13:15:01 CDT

Investment firms of the ultra-rich are changing their portfolios for greater liquidity and less risk.

Nestlé and Conagra join companies dropping synthetic food dyes amid pressure

Thu, 26 Jun 2025 13:04:32 CDT

Nestlé and Conagra said they would stop using FD&C colors in products, as Health Secretary Robert F. Kennedy Jr. has urged the industry to stop using synthetic food dyes.

Clothing prices rising in US as Trump tariffs kick in, H&M boss says

Thu, 26 Jun 2025 13:01:51 CDT

Daniel Ervér cites ‘fast-moving situation’ as US administration has changed rules on several occasions * Business live – latest updates Clothing prices are beginning to rise in the US as Donald Trump’s tariffs on imported goods start to have an effect, according to the boss of H&M, one of the world’s biggest fashion retailers. Daniel Ervér, the chief executive of the Swedish retailer, said: “In the US, we are starting to see some competitors increasing prices. Different competitors are acting in different ways. Some more aggressively and some more cautiously.” Continue reading...

Investors on Edge About a Potential Shadow Fed Chair

Thu, 26 Jun 2025 12:31:33 CDT

Traders have moved on a report that President Trump is again weighing a shake- up at the central bank that could undermine market confidence.

Cancer experts alarmed over ‘gut-wrenching’ Trump plan to cut research spending by billions

Thu, 26 Jun 2025 12:00:30 CDT

More people will die due to White House’s plans to slash nearly $2.7bn from National Cancer Institute, workers warn More patients may die as a result of plans drawn up by the Trump administration to cut billions of dollars from the National Cancer Institute (NCI), veteran federal government workers and experts have warned. Nearly $2.7bn would be cut from the agency, which is the largest funder of cancer research in the world – a decline of 37.2% from the previous year – under a budget proposal for 2026, in the latest effort to cut staff and funding. Continue reading...

Promise of Victory Over H.I.V. Fades as U.S. Withdraws Support

Thu, 26 Jun 2025 11:57:34 CDT

A new drug that gives almost complete protection against the virus was to be administered across Africa this year. Now, much of the funding for that effort is gone.

Facing entry-level job crunch, new grads question the value of a degree

Thu, 26 Jun 2025 11:00:57 CDT

A perfect storm has shrunk the early-career job market, with new grads facing a hiring pullback amid AI disruption and political and economic uncertainty.

China's fintech giant Ant doubles down on health care with new AI app — and it wants it to go global

Thu, 26 Jun 2025 10:59:44 CDT

Alibaba-affiliate Ant Group is doubling down on health care with a new app, based on artificial intelligence tech that it says could be rolled out overseas.

The trade war hit. These U.S. ports felt the crush of Trump’s tariffs.

Thu, 26 Jun 2025 10:00:37 CDT

When President Donald Trump’s historically high tariffs on China hit, they disrupted the supply chain and the flow of shipments to U.S. West Coast ports.

Summer Gas Prices at 4-Year Low as Israel and Iran Agree to Cease-Fire

Thu, 26 Jun 2025 09:01:00 CDT

A fragile cease-fire in the Middle East and an oil supply chain without significant disruptions have helped keep gas prices stable.

Help! My Credit Card Won’t Cover Damage to a Rental Car in Europe.

Thu, 26 Jun 2025 09:00:53 CDT

A traveler who used his American Express card’s collision damage waiver got stuck paying nearly $1,300 because of a missing document. Whose fault was it?

Should the Government Stop Subsidizing a Car Feature That ‘Everyone Hates’?

Thu, 26 Jun 2025 09:00:15 CDT

The E.P.A. under Trump is moving to eliminate credits to carmakers for the fuel-saving start-stop function.

BBC to start charging US-based consumers for news and TV coverage

Thu, 26 Jun 2025 09:00:01 CDT

‘Premium experience’ for US users will include BBC News livestream as broadcaster looks overseas for income boost The BBC is to begin charging US-based users for unlimited access to its news content and rolling televised coverage, as it searches for new ways to ease the pressure on its finances. In the first scheme asking users outside the UK to pay a direct subscription for its news content, US users will be offered the chance to pay for a “premium experience”, including unlimited news and feature articles and a livestream of the BBC News channel. Continue reading...

China urges Beijing-backed development bank to focus more on Belt and Road Initiative

Thu, 26 Jun 2025 05:41:38 CDT

Chinese Premier Li Qiang called on the Asian Infrastructure Investment Bank to increase its support for Beijing's Belt and Road Initiative.

How Japan and Alaska Pioneered the Global Market for L.N.G.

Thu, 26 Jun 2025 04:40:08 CDT

The leading role the United States plays in liquefied natural gas traces its roots to a small Alaskan outpost that began shipping the fuel to Japan in 1969.

Why N.Y.C. Business Leaders Fear Mamdani

Thu, 26 Jun 2025 01:18:44 CDT

As voters head to the polls, the democratic socialist candidate appears to be neck-and-neck with Andrew Cuomo. That has many executives worried.

Some Republicans Join Democrats in Unease Over White House Budget Cuts

Wed, 25 Jun 2025 23:44:23 CDT

President Trump has sought to claw back funds for public broadcasting and foreign aid, sparking a fierce debate over the power of the purse.

RFK Jr.'s CDC vaccine panel will review long-approved shots as skeptics gain sway

Wed, 25 Jun 2025 21:38:19 CDT

It is unclear how Kennedy's new members, including Dr. Robert Malone, will affect the panel's vaccine recommendations.

Stocks making the biggest moves after hours: Micron, H.B. Fuller, Kratos Defense & Security Solutions and more

Wed, 25 Jun 2025 21:04:57 CDT

These are the stocks posting the largest moves in extended trading.

Stocks making the biggest moves midday: AeroVironment, BP, Flagstar, QuantumScape and more

Wed, 25 Jun 2025 20:39:16 CDT

These are the stocks posting the largest moves midday.

The Washington Post Will Ask Some Sources to Annotate Its Stories

Wed, 25 Jun 2025 17:59:52 CDT

The program, called From the Source, will start with articles from the publication’s climate team. It could provide readers with more viewpoints but would also require moderation and vetting.

Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates

Wed, 25 Jun 2025 17:42:17 CDT

The Fed chair told lawmakers that the central bank could afford to be patient amid uncertainty about how President Trump’s policies would affect the economy, even as divisions between officials emerged.

Sales of new homes tanked in May, pushing supply up to a 3-year high

Wed, 25 Jun 2025 17:01:11 CDT

New home sales dropped much more than expected, as high prices, high mortgage rates and weak consumer confidence ate into demand.

Eurostar services restored after severe delays due to huge cable theft in France

Wed, 25 Jun 2025 16:36:05 CDT

Engineers repair high-speed line after day of chaos for passengers, caused by 600m of cable being stolen or cut Eurostar train services between the UK and the EU have been restored after a huge section of rail cable was stolen or cut in France, causing delays to thousands of journeys. Passengers booked on Eurostar train services had been urged to cancel or delay their trips after the theft, which threatened to disrupt the Nato summit in the Netherlands. Continue reading...

Watch Fed Chair Jerome Powell testify live before Senate banking panel

Wed, 25 Jun 2025 16:29:15 CDT

In his remarks Tuesday, the central bank leader asserted that the Fed is "well positioned to wait" on interest rate policy.

Stocks making the biggest moves premarket: FedEx, Coinbase, Bumble and more

Wed, 25 Jun 2025 15:44:18 CDT

These are some of the stocks posting the largest moves in premarket trading.

Trump’s Name Could Adorn Tel Aviv Hotel, Becoming a Symbol or a Target

Wed, 25 Jun 2025 15:08:07 CDT

The Trump Organization’s preliminary talks this spring about affixing its brand to a tower near a recent missile strike highlight the complexities of its international deal-making.

FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year

Wed, 25 Jun 2025 14:44:18 CDT

FedEx said it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year.

U.S. Textile Makers, Feeling Forgotten by Trump, Hope Boom Days Are Ahead

Wed, 25 Jun 2025 14:10:50 CDT

The Trump administration faces hard choices in determining what industries to protect as it uses tariffs to construct an industrial policy.

Women's Tennis Association extends media rights deal with Tennis Channel through 2032

Wed, 25 Jun 2025 13:09:43 CDT

The Tennis Channel paid a significant increase to extend its U.S. media rights deal with the Women's Tennis Association, which includes the WTA Finals.

ESPN renews media deal with professional lacrosse, takes an equity stake in the league

Wed, 25 Jun 2025 12:39:51 CDT

ESPN is renewing its media deal with the Premier Lacrosse League and taking an equity stake in the organization.

OpenAI Is Working on Self-Driving Car Technology

Wed, 25 Jun 2025 12:24:58 CDT

The artificial intelligence company has set many challenging goals. Autonomous vehicle software is now among them — but may pit the company against Tesla.

Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round

Wed, 25 Jun 2025 11:42:40 CDT

The company said it will use the funding to advance adoption of the Canton Network, a blockchain for financial institutions.

Lenders Find a Fast-Growing Market in Foreign Grad Students

Wed, 25 Jun 2025 10:00:39 CDT

Some startups take a broader view of grads’ ability to repay, looking to job prospects as support for lending.

Four Astronauts Lift Off on Axiom Mission to the I.S.S.

Wed, 25 Jun 2025 08:11:18 CDT

Sponsored by governments but ferried by a private company, astronauts from Hungary, India and Poland are going to the space station for the first time.

China's Li urges not to turn trade into a political or security issue

Wed, 25 Jun 2025 07:38:30 CDT

Chinese Premier Li Qiang was speaking at the opening plenary of the World Economic Forum's annual conference in China, often dubbed "Summer Davos."

China doubles down on promoting yuan as confidence in U.S. dollar takes a beating

Wed, 25 Jun 2025 03:36:33 CDT

From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.

FICO to Include ‘Buy Now, Pay Later’ Loan History in Credit Scores

Wed, 25 Jun 2025 00:56:42 CDT

As the use of these easy-credit installment loans has grown, FICO said repayment data would provide more insight on consumers’ credit readiness.

Stocks Rise and Oil Prices Fall as Israel-Iran Cease-Fire Begins

Tue, 24 Jun 2025 21:07:29 CDT

A second day of declining oil prices helped lift stocks. Energy costs are a primary expense for companies, making them an important factor in inflation calculations.

Carnival shares pop on earnings beat and raised full-year outlook

Tue, 24 Jun 2025 20:38:56 CDT

Carnival shares climbed Tuesday after the cruise line posted stronger-than- expected second-quarter results and raised its full-year guidance.

No, a TikTok Trick Won’t Erase Student Loan Debt

Tue, 24 Jun 2025 19:21:45 CDT

The videos suggest a quick hack for having student loans forgiven. Experts warn that trying it can inflict long-term financial damage.

Home price hikes are slowing more than expected

Tue, 24 Jun 2025 17:31:05 CDT

Home prices are starting to weaken due to higher mortgage rates, more supply on the market and waning demand from homebuyers concerned about the economy.

Back-to-school spending persists despite economic pressure, consumer survey says

Tue, 24 Jun 2025 17:14:10 CDT

Families are not holding back on back-to-school spending this year, despite growing economic pressure, according to a new PwC consumer survey.

Stocks making the biggest moves midday: Uber, Carnival, Advance Auto Parts, Snowflake and more

Tue, 24 Jun 2025 17:01:38 CDT

These are the stocks posting the largest moves midday.

Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism

Tue, 24 Jun 2025 16:38:21 CDT

The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism of Powell.

Stocks making the biggest moves premarket: Carnival, Chewy, KB Home, Lockheed Martin and more

Tue, 24 Jun 2025 16:03:34 CDT

These are some of the stocks posting the largest moves in early trading.

McDonald's and Krispy Kreme will end doughnut partnership next month

Tue, 24 Jun 2025 15:56:46 CDT

Krispy Kreme and McDonald's are ending their collaboration for good, saying the deal was not profitable for the doughnut chain.

Watch Fed Chair Powell testify live on interest rate policy before House committee

Tue, 24 Jun 2025 14:41:33 CDT

In prepared remarks, Powell said concerns linger over the impact President Donald Trump's tariffs will have on inflation.

Fed Chair Powell speaks on Capitol Hill this week with politics front and center

Tue, 24 Jun 2025 11:14:30 CDT

White House officials have raised the heat on Powell to lower rates. Now he's faced with two key Fed officials who have said they could favor a cut in July.

Getting Trump's full tax break on car loans may mean buying a $130,000 vehicle

Tue, 24 Jun 2025 09:30:01 CDT

Middle-income households that buy luxury cars would be able to claim the full financial benefit of a $10,000 tax deduction on car loan interest.

How Yemeni Cafes like Haraz Coffee House Are Building Momentum and Community

Tue, 24 Jun 2025 04:00:09 CDT

For cafes like Haraz Coffee House, riding a wave of interest nationwide in late-night, alcohol-free gathering spaces means embracing the franchise model.

Trump Confronts Potential for High Oil Prices After Iran Strikes

Tue, 24 Jun 2025 03:26:42 CDT

President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.”

Omnicom and Interpublic, Seeking Merger, Agree to FTC’s No-Boycott Deal

Tue, 24 Jun 2025 00:55:06 CDT

Omnicom and Interpublic said they would not direct their clients’ advertising away from media platforms because of the platforms’ political content.

Airlines divert, cancel more Middle East flights after Iran attacks U.S. military base

Mon, 23 Jun 2025 21:20:31 CDT

Airlines diverted flights in the Middle East on Monday after Iran's armed forces said the country launched a missile strike on a U.S. military base in Qatar.

How Fanatics is teaching business acumen to pro athletes

Mon, 23 Jun 2025 20:22:01 CDT

More than two dozen NBA, NFL and NHL players participated in Fanatics' Athlete Immersion Program, featuring prominent CEOs and business leaders.

Novo Nordisk ends deal with Hims & Hers over sales of Wegovy copycats; HIMS drops 34%

Mon, 23 Jun 2025 20:01:26 CDT

Novo Nordisk said Hims & Hers has "failed to adhere to the law which prohibits mass sales of compounded drugs" under the "false guise" of personalization.

Major U.S. health insurers say they will streamline controversial process for approving care

Mon, 23 Jun 2025 19:59:58 CDT

Insurers such as CVS and UnitedHealthcare will implement the changes across commercial, Medicare and Medicaid plans, benefiting 257 million Americans.

Stocks making the biggest moves midday: Tesla, Novo Nordisk, Hims & Hers, Northern Trust, Fiserv and more

Mon, 23 Jun 2025 17:56:15 CDT

These are the stocks posting the largest moves in midday trading.

The flight patterns of private-jet setters are changing, says NetJets president

Mon, 23 Jun 2025 17:31:51 CDT

Despite uncertainty in markets and geopolitics, Patrick Gallagher told CNBC that the summer travel season is shaping up to be another strong one for NetJets.

May home sales increase very slightly, but prices hit another record high

Mon, 23 Jun 2025 15:00:39 CDT

Sales of existing homes rose very slightly in May from April but were still weaker than they were a year ago. Prices rose, hitting a record high for May.

New Stellantis CEO faces slew of challenges, vows to avoid 'mediocrity'

Mon, 23 Jun 2025 13:53:56 CDT

Antonio Filosa, a 51-year-old Italian native, is taking over as CEO as the automaker deals with fractured relationships, regulatory uncertainty and more.

Bacardi Breezers to BuzzBallz: why gen Z aren’t the booze buzzkills we’ve been led to believe

Mon, 23 Jun 2025 05:00:02 CDT

Research suggests younger drinkers socialise for longer and embrace bolder, boozier options as drinks companies pivot to catch up You can tell a lot about a generation from the contents of their cool box: nowadays the barbecue ice bucket is likely to be filled with hard seltzers, non-alcoholic beers and fluorescent BuzzBallz – a particular favourite among gen Z. Two decades ago, it was WKD, Bacardi Breezers and the odd Smirnoff Ice bobbing in a puddle of melted ice. And while nostalgia may have brought back some alcopops, the new wave of ready-to-drink (RTD) options look and taste noticeably different. Continue reading...

‘I feel completely drained’: young professionals swamped by ‘infinite workdays’

Sun, 22 Jun 2025 10:00:35 CDT

For many, work starts before sunrise and stretches late into the night, with nearly 270 notifications a day, report finds It is 10pm in Seoul, South Korea, but Hyun Jin Lee is not heading home. The recent college graduate – an employee in the IT industry – is at a mandatory team dinner. “I end up working late almost every day,” laughs Lee. “By the end of the day, I feel completely drained, like I’ve used up all my energy [and] I can’t really do anything on weekdays after work.” Continue reading...

Darden Restaurants beats earnings estimates, as Olive Garden parent predicts growth in 2026

Fri, 20 Jun 2025 20:11:32 CDT

Darden Restaurants on Friday beat Wall Street's earnings and revenue estimates, while the Olive Garden parent predicted solid growth for the fiscal year 2026.

Kroger's shares rise as grocer says shoppers seek lower prices, cook more at home

Fri, 20 Jun 2025 20:04:25 CDT

The supermarket operator said it's trying to attract value-driven shoppers with coupons

JPMorgan Chase beefs up mobile app with bond trading as bank targets $1 trillion in assets

Fri, 20 Jun 2025 16:47:28 CDT

JPMorgan, the biggest U.S. bank by assets and a leader across most major categories of finance, is relatively puny among online brokerages.

Nigerian communities to take Shell to high court over oil pollution

Fri, 20 Jun 2025 14:06:21 CDT

Residents of Bille and Ogale in Niger delta are suing Shell and subsidiary, but company denies liability Residents of two Nigerian communities who are taking legal action against Shell over oil pollution are set to take their cases to trial at the high court in 2027. Members of the Bille and Ogale communities in the Niger delta, which have a combined population of about 50,000, are suing Shell and a Nigerian-based subsidiary of the company, the Shell Petroleum Development Company of Nigeria, which is now the Renaissance Africa Energy Company. Continue reading...

Developing countries ‘need more debt relief’ to fund education and health

Fri, 20 Jun 2025 07:00:28 CDT

Research warns poorer governments prioritising debt payments over essential development spending Developing countries need a fresh round of debt relief, to prevent money urgently needed for health and education being diverted to creditors, according to a major new report commissioned by the late Pope Francis. The Jubilee report, produced by a panel of experts chaired by Nobel prize- winning economist Joseph Stiglitz, argues for debt restructuring, along the lines of the Heavily Indebted Poor Countries initiative (HIPC). Continue reading...

No Rock Stars, No Mercedes: A Russian Expo Shows the Cost of Divorce With the West

Thu, 19 Jun 2025 17:06:17 CDT

The annual economic forum in St. Petersburg used to yield multibillion-dollar deals and feature performances by global music stars. With the war in Ukraine still raging, the mood has shifted.

The U.S. added a thousand new millionaires a day in 2024: Report

Thu, 19 Jun 2025 12:23:00 CDT

America's millionaire population totals 23.8 million, the most of any country, according to a new study by UBS.

How Trump’s Trade War Has Whipsawed the Port of L.A.

Thu, 19 Jun 2025 09:01:19 CDT

The nation’s largest ports, in Los Angeles County, are a bellwether for the economy. They are being whipsawed as President Trump reorders global trade.

House Policy Bill Would Add $3.4 Trillion to Debt, Swamping Economic Gains

Tue, 17 Jun 2025 21:32:44 CDT

The updated findings from the Congressional Budget Office amounted to the latest dour report card for the president’s signature legislation.

Companies Ask Supreme Court to Fast-Track Challenge to Tariffs

Tue, 17 Jun 2025 19:40:32 CDT

Two toy manufacturers asked the court to greatly expedite their case, in an unusual request.

Senate Republicans Propose Key Tax Tweaks to House Bill

Tue, 17 Jun 2025 15:36:46 CDT

Party lawmakers proposed changes to the tax code that could offer the greatest benefit to businesses.

Fed’s ‘Wait and See’ Approach Is Intact as New Risks Cloud Economic Outlook

Tue, 17 Jun 2025 14:06:26 CDT

The central bank is set to hold interest rates steady for its fourth straight meeting, a pause that could be extended through the summer.

As Trump Returns to G7, Rift With Allies Is Even Deeper

Sun, 15 Jun 2025 23:08:20 CDT

In 2018, the president called for the group to embrace Russia and stormed out of the summit. Now he is seeking to shrink America’s military role abroad and embarking on a more expansive trade war.

‘Golden Share’ in U.S. Steel Gives Trump Extraordinary Control

Sun, 15 Jun 2025 20:20:57 CDT

Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.

Grilled cheese shop offers Minnesotans a second chance after prison

Sat, 14 Jun 2025 13:00:49 CDT

The Minneapolis restaurant All Square exclusively hires formerly incarcerated people All Square, a neon-lit diner in Minneapolis, specializes in grilled cheese sandwiches with a twist. Variations on the menu include Jamaican jerk chicken with guava jam, brown sugar bacon doused in ranch dressing, and Granny Smith apple slices coated in brie and mozzarella. But the sandwich shop offers more than elevated comfort food. All Square, which also operates a food-truck catering service, exclusively hires formerly incarcerated Minnesotans. Continue reading...

Trump Steel Tariffs Expand to Hit Home Appliances Like Refrigerators and Dishwashers

Fri, 13 Jun 2025 18:06:37 CDT

The move is one of the first times this year that consumer products were specifically targeted with higher import taxes.

Where’s the Inflation From Tariffs? Just Wait, Economists Say.

Fri, 13 Jun 2025 15:12:20 CDT

Are predictions for a jump in consumer prices too early, or just wrong?

How Labor Unions Came to Define the L.A. Immigration Protests

Thu, 12 Jun 2025 17:15:16 CDT

Unions have backed immigrant rights in California and have been on the forefront of resisting the Trump administration’s deportations.

New China Trade ‘Deal’ Takes U.S. Back to Where It Started

Thu, 12 Jun 2025 06:55:34 CDT

If a handshake agreement holds, it will merely undo some of the damage from the trade war that President Trump started.

Trump Hails Progress With China, but Details Are Sketchy

Wed, 11 Jun 2025 18:57:39 CDT

Two days of trade talks resulted in what leaders called a framework agreement meant to solidify terms of a truce that the superpowers reached in Geneva last month.

U.S. Court Agrees to Keep Trump Tariffs Intact as Appeal Gets Underway

Wed, 11 Jun 2025 01:24:21 CDT

The appeals court’s decision delivered an important but interim victory for the Trump administration.

Trump Administration Holds Trade Talks With China as Fight Over Rare Earths Escalates

Tue, 10 Jun 2025 20:54:30 CDT

Officials from the world’s largest economies will try to strike a deal Tuesday to relax painful export restrictions that they have imposed on each other.

European Union Unveils Fresh Sanctions on Russia, Including a Nord Stream Ban

Tue, 10 Jun 2025 18:24:28 CDT

Ursula von der Leyen, president of the European Commission, announced a proposal meant to ramp up pressure on Moscow.

Stocks Sink in Broad AI Rout Sparked by China's DeepSeek

Mon, 27 Jan 2025 14:26:00 CST

U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.

Comex Gold, Silver Settle Lower

Mon, 27 Jan 2025 14:01:00 CST

Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.

DeepSeek Won't Sink U.S. AI Titans

Mon, 27 Jan 2025 13:12:00 CST

Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.

Financial Services Roundup: Market Talk

Mon, 27 Jan 2025 12:27:00 CST

Gain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.

Arabica Coffee Prices Hit Record on U.S., Colombia Tariff Spat

Mon, 27 Jan 2025 12:20:00 CST

Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.

Swiss franc, Japanese yen Rise as DeepSeek News Boosts Safe Havens

Mon, 27 Jan 2025 09:55:00 CST

The Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.

Natural Gas Falls on Shifting Weather Forecasts

Mon, 27 Jan 2025 09:05:00 CST

U.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.

Building-Products Distributor QXO Launches Hostile Bid for Beacon

Mon, 27 Jan 2025 08:28:00 CST

QXO is taking its offer directly to shareholders after being rebuffed on several occasions.

Natural-Gas Firm Diversified Energy Strikes Deal for Permian Basin Player

Mon, 27 Jan 2025 06:57:00 CST

Maverick Natural Resources has operations in Texas and Oklahoma.

What's New This Tax Season That Can Save You Money

Mon, 27 Jan 2025 05:30:00 CST

There are some new wrinkles, especially for those who sell things online or bought an EV.

Chinese Investors With Few Options Turn to Dividends

Mon, 27 Jan 2025 05:30:00 CST

Companies with good payouts are now the hottest bet in China markets.

U.S. Treasury Yields Fall But Direction for Long-End Yields Still Seen Upward

Mon, 27 Jan 2025 05:02:00 CST

The 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.

Russia's Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says

Mon, 27 Jan 2025 04:46:00 CST

Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.

The Extra Reward for Owning Stocks Over Bonds Has Disappeared

Mon, 27 Jan 2025 01:05:00 CST

There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.

Heard on the Street's Stock-Picking Series

Sun, 26 Jan 2025 22:33:00 CST

Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.

What Will It Take for Home Buyers to Start Asking for a Disaster Discount?

Sun, 26 Jan 2025 06:00:00 CST

The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.

Now Wanted in Silicon Valley: Ho-Hum Businesses With Thin Profit Margins

Sun, 26 Jan 2025 05:30:00 CST

Venture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.

In China, a Cat-and-Mouse Game to Rein In Crypto

Sun, 26 Jan 2025 00:01:00 CST

Recent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.

One House, Three Owners: The Ballooning Cost of the American Dream

Sat, 25 Jan 2025 21:00:00 CST

The story of home affordability in the U.S. told from a single front porch.

Trump Adds Fuel to Claims That Big Banks Discriminate Against Conservatives

Sat, 25 Jan 2025 05:30:00 CST

The president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Fri, 24 Jan 2025 15:37:00 CST

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

Fri, 24 Jan 2025 15:13:00 CST

The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Fri, 24 Jan 2025 14:15:00 CST

Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.

Target Drops DEI Goals and Ends Program to Boost Black Suppliers

Fri, 24 Jan 2025 13:51:00 CST

Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.

Energy & Utilities Roundup: Market Talk

Fri, 24 Jan 2025 12:29:00 CST

Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.

Basic Materials Roundup: Market Talk

Fri, 24 Jan 2025 12:28:00 CST

Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.

Auto & Transport Roundup: Market Talk

Fri, 24 Jan 2025 12:28:00 CST

Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.

Novo Nordisk Shares Surge on New Obesity Drug Results

Fri, 24 Jan 2025 11:52:00 CST

Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

Fri, 24 Jan 2025 10:55:00 CST

The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.

Google to Put Warnings on U.K. Businesses Using Fake Online Reviews

Fri, 24 Jan 2025 10:40:00 CST

The search giant has offered to start punishing British businesses that boost their star ratings with fake reviews and the people that post them, ending the U.K. competition watchdog’s investigation into online reviews.

Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business

Fri, 24 Jan 2025 09:07:00 CST

The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.

Verizon Results Boosted by Higher Prices, Gain in Wireless Customers

Fri, 24 Jan 2025 09:05:00 CST

The New York telecommunications giant’s quarterly earnings beat Wall Street forecasts as higher prices helped to boost revenue.

If You Need to Escape a Wildfire in an EV, Here Is What to Know

Fri, 24 Jan 2025 08:00:00 CST

Driving an electric car in a wildfire emergency has its own unique challenges and benefits.

CaixaBank's CFO Sees Case for Dealmaking Among Europe's Banks

Fri, 24 Jan 2025 06:11:00 CST

Growth through acquisitions isn’t part of CaixaBank’s latest three-year plan, it should be for other banks in Europe, Caixa’s finance chief Javier Pano said in an interview.

Tesla to Recall Cars in China on Safety Concerns

Fri, 24 Jan 2025 05:56:00 CST

Tesla China plans to fix 1.2 million China-made and imported vehicles with software issues.

Korea Zinc Shares Rally After Adopting New Investor Protection Rules

Fri, 24 Jan 2025 04:56:00 CST

Korea Zinc’s shares rose sharply a day after the world’s leading zinc smelter decided to adopt new rules that management said would bolster minority shareholders’ rights.

Burberry Sees Positive Signs as Turnaround Plan Continues

Fri, 24 Jan 2025 04:31:00 CST

The company upgraded its earnings outlook as sales returned to growth in the Americas, saying efforts to revamp its brand showed positive signs over the key holiday period.

Rolls-Royce Strikes Contract to Supply Nuclear Reactors for U.K. Submarines

Fri, 24 Jan 2025 04:27:00 CST

Rolls-Royce will manufacture nuclear reactors to power new U.K. submarines under a contract valued approximately at $11.1 billion.

China's WeRide Wants to Build Global Robotaxi Empire

Fri, 24 Jan 2025 03:30:00 CST

The Chinese autonomous-driving company is aiming to make more inroads overseas this year, betting that robotaxis and related services will be in high demand in coming years.

Trump and Musk have launched a new class war. In the UK, we must prepare to defend ourselves | George Monbiot

Sun, 19 Jan 2025 12:28:17 CST

Across the world, societies are reverting to oligarchies. How to resist? Fight for democracy with all we’ve got Seldom in recent history has class war been waged so blatantly. Generally, billionaires and hectomillionaires employ concierges to attack the poor on their behalf. But now, freed from shame and embarrassment, they no longer hide their involvement. In the US, the world’s richest man, Elon Musk, will lead the federal assault on the middle and working classes: seeking to slash public spending and the public protections defending people from predatory capital. He shares responsibility for the Department of Government Efficiency with another billionaire, Vivek Ramaswamy. They have been recruiting further billionaires to oversee cuts across government. These plutocrats will not be paid. They will wage their class war pro bono, out of the goodness of their hearts. George Monbiot is a Guardian columnist Continue reading...

‘It legitimizes us’: the minority businesses still fighting for recognition

Sun, 11 Aug 2024 11:00:12 CDT

Middle Eastern and north African business owners couldn’t get certified in the US – but a new wave of entrepreneurs is changing that Since the 1970s, many minority business owners have been able to certify their businesses through organizations like the National Minority Supplier Development Council (NMSDC) or the Small Business Administration (SBA). Until last July, one group of business owners was noticeably absent from the sea of certification options – those of Mena (Middle East and north Africa) heritage. Recognition as a minority business has its advantages. In the consumer goods sector, certified businesses let customers know who is making their simmer sauces or importing their coffee beans. But more crucially, especially for scrappy emerging brands, certifications can reduce the cost of doing business through diversity programs found in supermarkets and chains like Kroger or Target. Some Mena businesspeople say they feel the lack of recognition. Continue reading...

How can companies cut the UK's class pay gap?

Thu, 27 Apr 2017 05:30:08 CDT

Professionals from poorer families earn almost £7,000 less per year than those from wealthier ones, despite businesses claiming to act on social mobility It’s no surprise that social class can affect your life chances, but recently the education secretary highlighted the problem with a stark statistic. Children who show signs of low academic ability at the age of five, but who come from high-income families, are 35% more likely to become high earners than those who show signs of high ability but come from poorer families, said Justine Greening. Continue reading...

Financial bullying can ruin a marriage: first-person stories

Thu, 14 Aug 2014 11:00:02 CDT

When partners consider finances, when is it ‘my’ money, and when it is ‘our’ money? Guardian readers shared their experiences * Private lives: ‘I want to end my marriage but I’m financially dependent’ A survey of about 1,000 Americans found that one in 10 would describe their partner as a financial bully. Our readers, however, insist that that might be a label easily assigned to a partner who is simply being financially responsible. When we put out a call to out readers last week to see if any of them had similar experiences, we found that many of you wouldn’t define the actions described as financial bullying. Instead, quite a number of you insisted that keeping track of your partner’s expenses was simply budgeting and being financially responsible. Continue reading...