Houthi rebels strike ships off Yemen coast, British maritime group says
Earlier this year, weapon technicians prepared a Royal Air Force Typhoon FGR4 for air strikes in response to increased malign behavior by Iranian-backed Houthi rebels…
Fed Chair Jerome Powell backs interest rate cut before inflation drops to 2%
Jerome Powell, chairman of the Federal Reserve, testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7. On Monday at the Economic…
Macy’s ends buyout talks with activist investor group
1 of 2 | The Macy’s board, after claiming it “expended hundreds of hours” for “extensive diligence requests,” unanimously decided Monday to scuttle the $6.9…
Malaysia is building malls like crazy – but shoppers aren’t coming | Business and Economy
Petaling Jaya, Malaysia – Looking from behind his counter on a recent Saturday afternoon, computer shop owner Goh Sook Lam surveyed the empty corridors of…
Texas governor threatens utility company over remaining Beryl outages
1 of 3 | Vehicles trapped in flood waters following heavy rain from Hurricane Beryl in Houston, July 8, 2024. The storm, which caused widespread…
Post Office raising stamps price by 5 cents to 73 cents on Sunday
The cost of a U.S. postage stamp is rising to 73 cents Sunday, but an anonymous Wall Street executive recently purchased one of the world's…
Houston residents under heat wave still without power after Hurricane Beryl
Texas utility CenterPoint Energy said trees fallen on service lines could cause customers to still be without power even if the utility's map shows power…
U.S. June wholesale prices rose 0.2%, exceeding expectations
A customer looks at meat products at a Safeway supermarket, a subsidiary of Albertsons, in Washington, D.C. on October 27, 2022. The Bureau of Labor…
‘Obscene’ amounts spent at Indian billionaire Ambani’s son’s wedding | Business and Economy News
Indian billionaire Mukesh Ambani’s son marries on Friday in a lavish ceremony that has been a hot talking point at home and abroad, with his…
Why is Greece introducing a six-day working week? | Business and Economy News
While some countries in the world are considering a switch to a four-day working week, Greece is swinging in the opposite direction. Its government is…
Tesla ‘robotaxi’ delayed, stock slides
1 of 2 | Elon Musk's Tesla announced Thursday that it is pushing back the release date of its autonomous taxi. File Photo by Jim…
Archegos founder Bill Hwang convicted at fraud trial over fund’s collapse | Business and Economy News
Archegos Capital Management founder Sung Kook “Bill” Hwang has been convicted of fraud and other charges by a jury in a Manhattan federal court at…
Bipartisan Senate proposal would ban stock trading for members of Congress, president
1 of 3 | “Congress should not be here to make a buck,” Sen. Josh Hawley (seen here last month), R-Mo., said Wednesday at a…
Microsoft tells OpenAI it no longer requires observer board spot
OpenAI CEO Sam Altman testifies before the Senate Judiciary Subcommittee on Privacy, Technology, and the Law on Capitol Hill on May 16, 2023. Microsoft said…
Jerome Powell suggests to Congress that Fed will hold on interest rates for now
Jerome Powell, chairman of the Federal Reserve, testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7. He told the committee on…
Japan's Nikkei index reaches all-time high of 41,580
Feed by forecasts of strong Japanese and United States earnings, Tokyo's Nikkei index closed at an all-time high of 41, 589.17, officials said on Tuesday.…
Orkin unveils new, ‘modern’ uniforms for pest control workers
Orkin unveiled the pest company's new modern take on the classic red and white Orkin shirt for thousands of pest control workers to provide "comfort"…
Texas energy firms assess damage after Hurricane Beryl batters Gulf Coast | Business and Economy News
Beryl made landfall near Texas town on Monday, posing problems for the heart of the US energy sector.The Texas energy industry was evaluating the impact…
David Ellison is taking control of Paramount. Now the real work begins
Tech scion David Ellison battled hard to get Paramount Global.The Skydance Media chief executive first made overtures last summer to Paramount’s non-executive chair, Shari Redstone,…
David Ellison wants to make Paramount ‘media and technology’ company
To compete in today’s tumultuous entertainment industry, Paramount Global will need to evolve into a “media and technology” company, tech scion and soon-to-be Paramount Chief…