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.

Nvidia Faces Heightened Scrutiny from China Amid H20 AI Chip Export Resumption

Nvidia has received approval from Washington to resume exports of its H20 AI processing units to China, yet the chips may encounter increased scrutiny...

Cinemark Expands Premium Screen Offerings Ahead of Major Film Releases

Cinemark, the third-largest cinema chain in the U.S., is gearing up for a surge in moviegoers by expanding its premium theater offerings. The company...

Ford Beats Q2 Revenue Expectations and Reinstates Full-Year Guidance Despite Tariff Challenges

Ford Motor reported second-quarter revenue that exceeded expectations and reinstated its full-year guidance, despite ongoing challenges from tariffs imposed by the U.S. government. The...

Justice Department Drops Charges Against Fat Brands and Chair Andy Wiederhorn

The Justice Department has decided to drop its case against Fat Brands and its chairman Andy Wiederhorn, ending a federal prosecution that began in...

Starbucks Shows Early Signs of Turnaround Despite Earnings Miss and Declining Sales

Starbucks is beginning to show early signs that its turnaround strategy is gaining momentum, despite reporting quarterly earnings that missed expectations and another period...

High Noon Recalls Vodka Seltzer After Packaging Mix-Up with Celsius Energy Drink

High Noon, one of the leading ready-to-drink alcohol brands in the U.S., has announced a recall of select Beach Variety 12-packs of its vodka...

AI-Generated ASMR Videos Offer Stress Relief and Sensory Escape

Yin Chenxi, a second-year postgraduate student, was working on her thesis when a video on the Chinese platform RedNote caught her attention. Tagged with...

India Becomes Top U.S. Smartphone Exporter, Surpassing China

India has officially surpassed China as the largest exporter of smartphones to the United States, marking a pivotal shift in the global electronics supply...

Europe Invests Billions in AI Gigafactories to Regain Global Competitiveness

Europe is moving forward with ambitious plans to establish AI gigafactories as part of its strategy to revitalize its artificial intelligence sector and secure...

Google Agrees to EU AI Guidelines Amid Innovation Concerns

Google has announced its decision to sign the European Union’s voluntary code of practice for general-purpose AI models, a move intended to support broader...

Starbucks Launches Green Apron Service to Revitalize Customer Experience

Starbucks is refocusing its strategy on hospitality and personalized customer service as it works to reverse declining sales and regain market momentum. Through its...

UnitedHealth Issues Cautious 2025 Outlook Amid Rising Medical Costs

UnitedHealth Group has released its 2025 financial outlook, falling short of Wall Street's projections. The company expects adjusted earnings of at least $16 per...

Merck to Cut $3B in Costs by 2027 Amid Keytruda Patent Expiration and Tariff Pressures

Merck has announced plans to cut $3 billion in costs by the end of 2027, a strategic move aimed at offsetting anticipated revenue losses...

Stellantis Reinstates Guidance Amid €2.3B Loss, Forecasts Gradual Recovery

Stellantis, the automotive group behind brands like Jeep, Dodge, Fiat, Chrysler, and Peugeot, has reinstated its financial guidance after reporting a first-half net loss...

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