News


Latest News


US Consumers Face a Tsunami of High Interest Rates and Mounting Debt

US Consumers Face a Tsunami of High Interest Rates and Mounting Credit Card Debt

Next year, the U.S. economy should be able to escape a recession, but economist Carl Weinberg says one of the biggest dangers to that outcome is a significant decline in consumer spending.

Dec 06, 2023 10:33 AM EST


High-Speed Rail to Connect Vegas and LA Thanks to $3 Billion Grant

High-Speed Rail to Connect Vegas and LA Thanks to $3 Billion Grant

The Biden administration pledged $3 billion on Tuesday to assist start constructin track for a planned high speed rail connection between Las Vegas and the Los Angeles area, Nevada elected leaders said.

Dec 05, 2023 09:47 PM EST


Pakistanis Grapple with Inflation as Floods and Politics Fuel Cost Crisis

Pakistanis Grapple with Inflation as Floods and Politics Fuel Cost Crisis

The prolonged economic crisis has affected millions of Pakistanis, as the nation receives its 23rd bailout from the International Monetary Fund (IMF) since 1958.

Dec 05, 2023 10:50 AM EST


Nokia Stumbles After Losing AT&T, Shares Hit Three-Year Low

Nokia Stumbles After Losing AT&T, Shares Hit Three-Year Low

Nokia's stock fell to a three-year low after the telecom giant missed out on a significant agreement to launch a new network in the United States alongside AT&T, the industry titan.

Dec 05, 2023 10:33 AM EST


Supreme Court Case Threatens Billionaire Taxes, Could Unleash Chaos on U.S. Finances

Supreme Court Case Threatens Billionaire Taxes, Could Unleash Chaos on U.S. Finances

On Tuesday, the Supreme Court will hear arguments in a much-awaited case that some fear might have far-reaching effects on the US tax system and derail Democratic attempts to impose a wealth tax.

Dec 05, 2023 08:15 AM EST


Spotify Embarks on Third Round of Layoffs, Slashing 17% of Workforce

Spotify Embarks on Third Round of Layoffs, Slashing 17% of Workforce

Spotify has announced the termination of 17% of its worldwide personnel, the music streaming service's third wave of layoffs this year as it works to cut expenses while concentrating on profitability.

Dec 05, 2023 01:17 AM EST


Maersk Makes Strategic Investment to Fortify South-East Asia's Supply Chain Resilience

Maersk Makes Strategic Investment to Fortify South-East Asia's Supply Chain Resilience

Maersk, a Danish shipping giant, said on Monday that it will invest more than $500 million to develop its South-East Asian supply chain infrastructure.

Dec 04, 2023 09:09 AM EST


Bitcoin Climbs to $40,000, Fueling Optimism in Crypto Markets

Bitcoin Climbs to $40,000, Fueling Optimism in Crypto Markets

For the first time this year, Bitcoin has above $40,000 as traders await the upcoming approval of U.S. stockmarket-traded bitcoin funds and the widespread excitement surrounding U.S. interest rate reduction.

Dec 04, 2023 04:53 AM EST


Alaska Air Acquires Hawaiian Airlines in $1.9 Billion Deal

Alaska Air Acquires Hawaiian Airlines in $1.9 Billion Deal

Alaska Airlines said on Sunday that it has reached an agreement to acquire Hawaiian Airlines for $1.9 billion, including debt, positioning the airline for possible conflict with the Biden administration, which has expressed apprehension over increased sector rates.

Dec 03, 2023 11:23 PM EST


Retailers Turn to "Keep-It" Policies to Curb Rising Return Costs

Unwanted Goods? Retailers Turn to "Keep-It" Policies to Curb Rising Return Costs

A number of companies are advising customers not to bother returning items for a refund due to the high expense of processing, repackaging, and trying to resell stuff. Rather, they are stating that you may retain it and still receive a refund.

Dec 02, 2023 12:30 PM EST


 Saudi Fund Urged to Withdraw from Altman-Backed AI Chip Venture in US

Saudi Fund Urged to Withdraw from Altman-Backed AI Chip Venture in US

On Thursday, the Biden administration has compelled a venture capital firm supported by Saudi Aramco to sell its stake in a Silicon Valley AI chip business that is supported by Sam Altman, the co-founder of OpenAI.

Dec 02, 2023 11:02 AM EST


Biden Administration's Push to Reduce China Reliance May Hinder EV Tax Credits

Biden Administration's Push to Reduce China Reliance May Hinder EV Tax Credits

President Joe Biden's aim of having half of all new passenger vehicles sold in the United States run on electricity by 2030 may be hampered by new restrictions that were announced on Friday.

Dec 02, 2023 08:43 AM EST


Real Time Analytics