McDonald's announced plans to hire up to 375,000 workers this summer, its largest hiring target in years. This coincides with the 10th anniversary of its employee education program, "Archways to Opportunity." The move comes amidst McDonald's efforts to maintain positive relations with the current administration and navigate potential regulatory...
US and China announced a 90-day truce in their trade war, leading to a significant stock market rally. Both countries agreed to temporarily reduce tariffs, easing recession fears. The S&P 500 surged 3.3%, nearing its all-time high. The Dow Jones jumped 2.8%, and the Nasdaq climbed 4.3%. ...
President Trump announced a 90-day pause on most US-China tariffs, with both countries temporarily slashing duties. The US will reduce tariffs to 30% from 145%, while China lowers them to 10% from 125%. Trump stated this was a significant development from recent trade talks in Geneva, though details...
The US faces a severe air traffic controller shortage, prompting the FAA to partner with five colleges, including Tulsa Community College, on an enhanced training program. Two Tulsa students, Murphy and Nobles, are graduating from this program, which offers FAA Academy-equivalent training, allowing graduates to bypass initial training. ...
Donald Trump announced plans to use executive powers to slash US prescription drug prices by 30-80%, mirroring the lowest prices globally. This announcement triggered a significant sell-off in pharmaceutical stocks worldwide, with shares of major companies experiencing substantial drops. Trump claims this action will address high drug costs, a...
Saudi Aramco reported a first-quarter profit of $26 billion, a 4.6% decrease year-over-year due to lower global oil prices. This decline impacts Saudi Arabia's ambitious development plans, including the $500 billion Neom city project and preparations for the 2034 World Cup. Increased OPEC+ oil production and global economic...
China's CATL, the world's largest EV battery maker, is set to raise at least $4 billion in Hong Kong's biggest share sale of the year. The shares will be priced this week and begin trading on May 20. Despite US concerns and the Pentagon's designation of CATL as...
Asian markets rallied Monday following positive weekend talks between US and Chinese officials in Geneva. Benchmark indexes in Japan and South Korea rose, while Hong Kong and Shenzhen saw approximately 1% gains. US Treasury Secretary Scott Bessent reported "substantial progress," echoed by China's vice premier. Futures suggest...
Donald Trump embarks on a Middle East tour, with Saudi Arabia, Qatar, and the UAE promising significant US investments. The geopolitical landscape has shifted since his last visit, with de-escalation of tensions with Iran and challenges to further normalization deals with Israel. The Cannes Film Festival begins, defying...
U.S. Treasury Secretary Scott Bessent announced productive trade talks with China in Geneva, resulting in a deal. While details remain limited, Bessent and U.S. Trade Representative Jamieson Greer briefed President Trump. Greer highlighted the speed of the agreement, suggesting differences weren't as significant as anticipated. The deal aims...
