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.

Boeing Narrows Losses as Aircraft Deliveries Reach Six-Year High

Boeing significantly narrowed its second-quarter losses and posted a sharp rise in revenue, reflecting the strongest aircraft delivery numbers since 2018. The aerospace company...

Walmart Partners with Major League Soccer Ahead of 2026 World Cup

Walmart has announced a multiyear partnership with Major League Soccer (MLS), marking a significant investment in the sport’s growing fanbase across the United States....

Affordable Housing Crisis Deepens Despite Tax Credit Expansion

The U.S. continues to face a worsening affordable housing crisis, with both rental and for-sale markets suffering from a severe supply shortage. Developers cite...

Royal Caribbean Lifts 2025 Forecast Amid Surge in Cruise Demand

Royal Caribbean has raised its full-year guidance for 2025, citing a surge in cruise demand and evolving traveler preferences. The cruise giant now expects...

JPMorgan Nears Deal to Acquire Apple Card Portfolio from Goldman Sachs

JPMorgan Chase is close to securing a deal to take over the Apple Card portfolio from Goldman Sachs, according to individuals familiar with the...

Athleta Names Former Nike Executive Maggie Gauger as New CEO

Athleta has named Maggie Gauger, a longtime Nike executive, as its new CEO in a strategic move aimed at revitalizing the brand’s declining performance....

Starbucks Reports Sixth Straight Quarter of Sales Decline Amid Turnaround Strategy

Starbucks has reported its sixth consecutive quarter of declining same-store sales, even as the company pushes forward with a major turnaround strategy under CEO...

Global Markets Rise as U.S.-EU Trade Deal Boosts Investor Sentiment Ahead of Key Central Bank Meetings

Global stock markets rose and the euro strengthened on Monday following a framework trade agreement between the United States and the European Union. The...

U.S. and China Resume Trade Talks in Stockholm to Extend Tariff Truce

Senior economic officials from the United States and China are set to resume trade negotiations in Stockholm, aiming to extend a tariff truce by...

U.S. and EU Reach Framework Trade Deal with 15% Tariff to Avoid Trade War

The United States and the European Union finalized a framework trade agreement that imposes a 15% import tariff on most EU goods, half the...

Apple Launches Public Beta of iOS 26 Featuring Major Interface Redesign

Apple has released the public beta preview of iOS 26, the next version of its iPhone operating system. Available to iPhone users with recent...

Microsoft CEO Satya Nadella Reflects on 2025 Layoffs Amid AI Transformation

Microsoft has cut more than 15,000 jobs so far in 2025, a move that has weighed heavily on CEO Satya Nadella. In a memo...

Starlink Satellite Internet Suffers Major Outage Amid Growing User Demand

Elon Musk’s satellite internet service, Starlink, faced a significant network outage on Thursday, lasting roughly two and a half hours and disrupting connectivity for...

Starlink Experiences Multi-Hour Network Outage Amid Growing User Base

Elon Musk’s satellite internet provider, Starlink, experienced a significant network outage on Thursday that lasted for approximately two and a half hours. The disruption...

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