Latest news →Find published stories by month and topic.
US stock markets experienced a slight dip on Tuesday, following a period of volatility stemming from US-China trade tensions. The Dow fell 0.4%, the S&P 500 0.2%, and the Nasdaq 0.1%. While some positive news, like tarif…
China's halting of Boeing jet deliveries to Chinese airlines has sent Boeing shares down 1%. The move, reportedly due to escalating trade tensions between the US and China, is a significant blow to Boeing, America's larg…
The IRS plans to cut up to 40% of its workforce, reducing its employee count from approximately 102,000 to between 60,000 and 70,000. This reduction, implemented in two phases, will begin this week with RIF notices. The …
US farmers face potential financial ruin due to Trump's policies. Severe weather, coupled with Trump's tariffs and cuts to federal programs, have caused massive crop losses. Small and medium-sized farms, already struggli…
Starbucks is updating its employee uniform policy, requiring solid black tops under green aprons and limiting pant colors to khaki, black, or blue denim starting May 12th. This is part of CEO Brian Niccol's broader strat…
Bank of America announced its first-quarter 2025 financial results, accessible on its investor relations website. CEO Brian Moynihan and CFO Alastair Borthwick will discuss the results in an investor conference call at 8…
US tourism, a $2.36 trillion industry, faces a potential downturn due to economic and political uncertainty. March saw an 11.6% drop in overseas visits, with declines particularly sharp from China. Airlines are reducing …
The IRS is expected to begin announcing layoffs by the end of the week, coinciding with the tax deadline. The Trump administration plans a 20% workforce reduction, potentially eliminating 20,000 jobs. This comes as the I…
Citigroup reported first-quarter earnings exceeding analysts' expectations, with profit rising 21% to $4.1 billion on higher revenue ($21.60 billion) and lower expenses. Strong performance in fixed income and equities tr…
Japan's Fair Trade Commission issued a cease-and-desist order to Google for violating anti-monopoly laws. This is the first such order against a GAFAM company in Japan. Google is accused of forcing Android phone manufact…
US President Donald Trump signaled potential relief for the auto industry, causing a surge in shares of global carmakers. Trump hinted at assistance for companies, acknowledging the need for time to shift parts productio…
US tariffs on Chinese goods are severely impacting small and medium-sized businesses (SMBs). A PYMNTS Intelligence report reveals nearly 20% of SMBs are pessimistic about their survival in the next five years, with some …
US tech companies face ongoing uncertainty regarding President Trump's fluctuating policy on tariffs imposed on Chinese imports. Initially, an exemption for tech products from a 125% tariff was announced, offering tempor…
The UK government has secured shipments of coking coal and iron ore from the US and Australia to keep British Steel's Scunthorpe blast furnaces operating for several weeks. This follows a weekend takeover after negotiati…
The IRS announced tax filing deadline extensions for Americans affected by 2024 natural disasters. Those in FEMA-declared disaster areas, including parts of Alabama, Florida, Georgia, North Carolina, South Carolina, Tenn…
Global stocks rallied Monday following President Trump's temporary tariff relief on electronics and hints of auto tariff pauses. The S&P 500 rose 0.8%, the Dow gained 312 points, and the Nasdaq added 0.6%. Technology and…
Intel is selling a 51% stake in its Altera semiconductor business to Silver Lake for $8.75 billion, making Altera operationally independent. Intel will retain 49% ownership. Altera, which makes FPGAs used in communicatio…
Nintendo's upcoming Switch 2 and other Chinese-made gaming consoles face a significant setback due to the ongoing US-China trade war. Despite recent tariff exemptions on some tech products, game consoles remain subject t…
Sony is increasing PlayStation 5 console prices in Europe, Australia, and New Zealand, citing economic challenges like inflation and currency fluctuations. The price hikes, effective April 14th, affect the digital editio…
The US dollar experienced a slight recovery after a tariff pause on consumer electronics, rising against the Swiss franc, yen, and euro. This rebound followed a 2.4% drop last week due to increased trade tensions with Ch…
Meta (formerly Facebook) faces a landmark antitrust lawsuit alleging it illegally maintained its social media dominance through a 'buy or bury' strategy by acquiring Instagram and WhatsApp. The FTC argues Meta violated a…
Katherine Ann Reniers, a 53-year-old USAID employee, faces a significant financial setback after her position was eliminated five months before her 20-year anniversary, jeopardizing her full federal pension. The White Ho…
The UK government took emergency control of British Steel, the nation's last virgin steel producer, after a rapid parliamentary session. The bill, passed Saturday, allows the government to manage the Scunthorpe plant, en…
Tesla's strategically located showrooms in affluent, progressive urban areas, initially designed to bypass sales regulations and target affluent buyers, are now facing backlash from protesters angry about Elon Musk's gov…
UK Business Secretary Jonathan Reynolds refused to guarantee the continued operation of British Steel's blast furnaces after the government's takeover from Jingye. While acknowledging the challenges in securing sufficien…