Business

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

Hawaii Declares Emergency as Hurricane Lowell Nears Kauai and Niihau

Hawaii declared a state of emergency on Sunday as Category 3 Hurricane Lowell neared Kauai and Niihau, prompting a tropical storm warning and flooding fear

Fireworks Blast at Mexico Church Festival Kills 10, Injures 64

A fireworks explosion at a patron saint festival in Temascalcingo, central Mexico, killed at least 10 people and injured 64 on Saturday night.

NFL Extends Roger Goodell Through 2030 in Performance-Heavy Contract Deal

NFL commissioner Roger Goodell agreed to a four-year contract extension running through the 2030 season, with over 95% of pay tied to performance.

US Energy Secretary Wright Warns No Iran Nuclear Deal May Emerge

US Energy Secretary Chris Wright said on Sunday there may not be a nuclear agreement with Iran, as talks stall and military action continues.

China Sees Opportunity, Not Threat, in U.S. Relations Amid Trade Talks in Tianjin

China views its relationship with the United States as an opportunity rather than a threat, according to remarks by China’s Vice Commerce Minister Wang...

Apple’s New iPhone to Feature A18 Chip Built on Arm’s Latest V9 Design

Apple’s upcoming iPhone, set to be unveiled on September 9, will feature the highly anticipated A18 chip, developed using Arm’s latest V9 chip design....

China Criticizes Dutch Decision to Expand Export Controls on ASML Chipmaking Equipment

China has expressed dissatisfaction with the Dutch government's decision to expand export controls on advanced chipmaking equipment produced by ASML, one of the world’s...

Elon Musk Denies Report of xAI and Tesla Revenue-Sharing Deal for AI Technology

Elon Musk has denied reports suggesting that his AI startup, xAI, held talks with Tesla regarding a revenue-sharing arrangement. According to a recent report,...

U.S. Airlines Slow Hiring Amid Rising Costs and Market Challenges

After a massive hiring spree that added nearly 194,000 jobs since 2021, U.S. airlines are now cooling their recruitment efforts. The industry, which faced...

Boeing’s Starliner Returns to Earth After Extended Test Flight Without Astronauts

Boeing’s Starliner spacecraft successfully returned to Earth after months at the International Space Station (ISS), but without the two astronauts it delivered to orbit...

U.S. Housing Supply Rises as Home Prices See Decline in August

The supply of homes for sale in the U.S. remains historically low but is rising rapidly. In August, active home listings increased by 36%...

Starboard Value Pushes to Dissolve News Corp’s Dual-Class Share Structure

Activist investor Starboard Value has made a move to challenge the dual-class share structure of News Corp, a structure that has long enabled the...

The Green Bay Packers: The Only Publicly Owned NFL Team with a Unique Ownership Structure

The Green Bay Packers, valued at $6.3 billion, are the only publicly owned team in the National Football League and one of the most...

Kansas City Chiefs Worth Less Than NFL Teams With Longest Playoff Droughts

The Kansas City Chiefs, winners of three of the last five Super Bowls, are surprisingly only the 18th most valuable NFL team, valued at...

Electric Pickup Trucks: The $100K+ Market Revolution in the U.S.

Tesla, General Motors, Rivian, and Ford have transformed the U.S. automotive industry with a new class of electric pickup trucks priced at $100,000 or...

Automakers Boost Ad Spending During NFL Season to Reach Millions of Viewers

After a slowdown in recent years, automakers are ramping up their ad spending during the NFL season. Brands like Toyota, Hyundai, and Detroit automakers...

Chow Tai Fook Appoints Former Loewe Executive to Lead Global Expansion

Chow Tai Fook Jewellery Group, controlled by the family of Hong Kong tycoon Henry Cheng, has appointed Gabriela Ferreira, formerly of LVMH’s Loewe, to...

Hong Kong Banks Offer Cash Rebates on Mortgages Amid Anticipated Rate Cuts

Major commercial banks in Hong Kong are now offering cash rebates on mortgage financing, sparking competition among lenders to attract homebuyers as the Federal...

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