Business

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

Trump Says Exxon Entering Venezuela as US Claims 65 Billion Barrels

Trump said Friday the US secured majority control of 65 billion barrels of Venezuelan reserves and that Exxon would return, though gas prices are unlikely

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

Pentagon Gets 35% Stake in Venezuela Oil Firm Under $100 Billion Deal

The White House confirmed a Venezuela oil deal granting the Pentagon a 35% stake and NABEP 100-year concessions over 17 fields holding 65 billion barrels.

Shein Shares Plunge Up to 28% in Grey Market Before Hong Kong Debut

Shein shares fell as much as 28% in the grey market a day before its Hong Kong listing, deepening doubts over the fast-fashion giant's cut valuation.

Kenvue Shares Slide on Report of Possible Tylenol-Autism Link

Shares of Kenvue dropped more than 10% on Friday following reports that Health and Human Services Secretary Robert F. Kennedy Jr. may soon release...

Kazakhstan and China: Strategic Partners in the Nuclear Energy of the Future

Kazakhstan and China have long exemplified a deep, strategic, and trusted partnership in nuclear energy. Today, as the global community faces the challenges of...

New York Attorney General Sues Zelle Operator Over $1 Billion Fraud Allegations

New York Attorney General Letitia James has filed a lawsuit against Early Warning Services (EWS), the operator of the Zelle payment network, alleging the...

Walmart Expands 10% Employee Discount to Most Groceries Nationwide

Walmart is expanding its employee discount program to cover nearly all groceries, including staples such as milk, meat, and frozen foods, in a move...

Fast-Casual Restaurant Stocks Slide as Sales Growth Stalls

Cava shares tumbled 16% on Wednesday, marking the latest setback for fast-casual chains struggling with slowing sales and weakening investor confidence. Once the darlings...

Gen Z Fuels Film Photography Comeback Amid Kodak’s Financial Struggles

Clair Sapilewski, a 21-year-old photography major at American University, keeps dozens of rolls of camera film in her cupboard at all times. For her,...

Classic Car Market Faces Generational Shift as Monterey Auctions Hit $400 Million

Monterey and Pebble Beach are set to host one of the largest classic car events of the year, with an estimated $367 million to...

MLB Speedway Classic Set to Break Attendance Record at Bristol Motor Speedway

Major League Baseball is preparing for a historic moment this weekend as it stages its first-ever game at a NASCAR track. The Atlanta Braves...

Eli Lilly’s Mounjaro Shows Heart Health Benefits Over Trulicity in Landmark Trial

Eli Lilly announced that its diabetes drug Mounjaro has demonstrated heart health benefits in a late-stage trial directly comparing it with the company’s established...

Best Buy to Launch Ikea Mini-Showrooms in Select Stores

Best Buy announced plans to introduce mini-showrooms within some of its stores, featuring Ikea kitchen design elements alongside Best Buy’s home appliances. Starting this...

JPMorgan Chase Expands with 1,000 New Branches in Seven Years

JPMorgan Chase has opened 1,000 new branches over the past seven years, a number that surpasses the total locations of most of its competitors....

Moderna Announces 10% Workforce Reduction Amid Declining Covid Vaccine Sales

Moderna announced plans to reduce its global workforce by about 10% by the end of the year, responding to declining Covid vaccine sales and...

U.S. Tariffs on European Yachts Spark Concerns Among Buyers and Shipyards

The U.S. luxury boating market is bracing for turbulence after President Donald Trump announced plans for a 15% tariff on European-made goods, including recreational...

Trump Pressures Drugmakers to Slash Prices or Face Government Action

Donald Trump on Thursday escalated his campaign to lower U.S. drug prices, warning major pharmaceutical companies that they have 60 days to commit to...

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