U.S. financial stocks fell sharply on Monday, July 27, after the insolvency of UK-based private credit firm Market Financial Solutions (MFS) unnerved investors. Shares of major Wall Street institutions with exposure to MFS were hit hardest: Morgan Stanley dropped more than 6%, Goldman Sachs over 7%, and Jefferies more than...
United States alcohol consumption among adults fell to 54% in 2025, the lowest level recorded by Gallup in 90 years and down from at least 60% between 1997 and 2023 and 58% in 2024, as younger consumers embrace “sober-curious” habits and focus on quality rather than volume. Ryan Close, CEO...
United States – Chief executive compensation at major U.S. companies rose nearly 6% in 2025 to a median package of $17.7 million, according to a new analysis of top firms. Company boards increased overall CEO pay as they rewarded senior executives for boosting corporate profits and delivering stronger returns for...
WASHINGTON, United States – U.S. consumers have until July 27, 2026, to submit claims for cash refunds under a $2.5 billion settlement between Amazon and the Federal Trade Commission over the company’s handling of Amazon Prime subscriptions. The enforcement action resolves federal allegations that Amazon used deceptive “dark pattern” online...
Australia – Prime Minister Anthony Albanese says he will directly raise new US tariffs with President Donald Trump, describing the measures as unjustified and signaling that Canberra views the issue as a priority in the bilateral relationship. Speaking on ABC’s Insiders program on Sunday, Albanese said he would “absolutely” bring...
United States – U.S. chocolate prices remain elevated even as global cocoa futures retreat from record highs, leaving many American consumers facing stubbornly expensive candy aisles. Market data from firms including Datasembly and NIQ show that retail chocolate prices have climbed sharply over the past year, reflecting earlier supply shortages...
United States – International oil prices climbed sharply as the U.S.-Iran conflict escalated, with Brent crude briefly topping $100 a barrel on July 23, the first time since May. The energy spike quickly rippled through financial markets, pushing the 10-year U.S. Treasury yield to its highest level since President Trump...
United States – Oracle founder Larry Ellison’s $40.4 billion personal equity guarantee for his son David’s bid to merge Paramount’s Skydance with Warner Bros. Discovery is under acute pressure as regulators and markets turn against the proposed $110 billion deal. A coalition of 12 U.S. state attorneys general has filed...
A coalition of U.S. small business owners and commercial import associations has filed multiple federal lawsuits challenging the Trump administration’s new sweeping tariff framework. The complaints, lodged in several federal district courts, contest broad-based import duties applied to merchandise from dozens of trading partners. Plaintiffs argue that the rapidly implemented...
Oklahoma City, USA – The Oklahoma City Thunder have reportedly tendered a two-year, $12 million offer sheet to Denver Nuggets restricted free agent Spencer Jones, according to ESPN’s Shams Charania on Saturday. The contract is described as fully guaranteed, giving Jones short-term security while providing the Thunder with a defined...
