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.

Intel Stock Drops as Company Cuts Foundry Costs Amid Uncertain Chip Manufacturing Future

Intel’s stock plunged more than 8% after the company announced plans to cut costs in its chip foundry business as part of efforts to...

Tesla Launches Retro-Futuristic Diner Supercharger Station in Los Angeles

Tesla has officially opened its first-ever diner-themed Supercharger station in Los Angeles, bringing to life a concept CEO Elon Musk first hinted at in...

Palantir Joins Top 20 Most Valuable U.S. Companies Amid AI Growth

Palantir has achieved a significant milestone in its rapid stock surge, now ranking among the 20 most valuable companies in the United States. The...

Shengjia Zhao Named Chief Scientist of Meta Superintelligence Labs

Meta CEO Mark Zuckerberg announced that Shengjia Zhao, known for co-creating ChatGPT and contributing to the development of GPT-4 and other foundational models, will...

Tesla’s Robotaxi Plans Face Regulatory Hurdles in California

Tesla’s ambitions to expand its robotaxi service into the San Francisco Bay Area are running into roadblocks from California state regulators. While CEO Elon...

Tesla Faces Investor Doubt Amid Falling Sales and Robotaxi Skepticism

Tesla is grappling with declining vehicle sales, narrowing profits, and a diminishing revenue stream from regulatory credit sales, particularly as policy shifts under Republican...

Samsung Secures $16.5 Billion Semiconductor Deal with Tesla

Samsung Electronics has signed a $16.5 billion contract to supply semiconductors to Tesla, with the agreement effective from July 26, 2025, and running through...

UnitedHealth Under DOJ Investigation Over Medicare Billing Practices

UnitedHealth Group has confirmed it is under both criminal and civil investigation by the Department of Justice over its Medicare billing practices. In a...

FCC Approves Paramount-Skydance Merger Amid Political Backlash

The Federal Communications Commission has approved the $8 billion merger between Paramount and Skydance Media, a deal more than a year in the making....

Art Auction Sales Decline Despite Record Wealth, Generational Shift Reshapes Market

Auction sales have declined for a third consecutive year, raising questions about a deeper shift in the global art market. Sales at major houses...

NFL Fines Over 100 Players and Staff for Super Bowl Ticket Resale Violations

The NFL is issuing disciplinary action against more than 100 players and about two dozen team employees for violating its policy on ticket resale,...

The End of Colbert’s Late Show Sparks Debate Over Future of Late Night TV

The decision to cancel “The Late Show with Stephen Colbert” has sparked debate over whether it signals the end of an era for late...

Boeing Stabilizes Under CEO Kelly Ortberg Amid Recovery Efforts

After nearly seven years of turbulence, Boeing is showing signs of recovery under CEO Kelly Ortberg, a seasoned aerospace engineer brought out of retirement...

Apple, Huawei, Xiaomi Lead China’s Top Online Consumer Brands

Apple, Huawei Technologies, and Xiaomi have emerged as the top three brands favored by mainland Chinese consumers based on online purchasing behavior, according to...

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