‘Europe’s Detroit’ built a thriving car industry. Trump tariffs now threaten to unravel its success
A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump's "America First"…
Category: Economy
OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer
OpenAI on Tuesday introduced a new $1.5 billion tender offer, a continuation of its recent $6.6 billion funding round, led…
Israel-Hezbollah permanent ceasefire has been accepted, Biden says
Israel and Lebanon have agreed to a permanent ceasefire in cross-border hostilities between the Jewish state and Hezbollah militants. ...
Fed officials see interest rate cuts ahead, but only ‘gradually,’ meeting minutes show
Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate…
Starbucks baristas can’t view their schedules after ransomware attack on vendor
Starbucks baristas are not able to view and manage their schedules because of a ransomware attack on one of the…
Kohl’s CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan
Kohl's CEO Tom Kingsbury is stepping down on Jan. 15, to be replaced by current Michaels CEO Ashley Buchanan. ...
Zoom surpasses expectations and calls for another quarter of single-digit growth
Zoom's business is still growing, but not nearly at the rate of expansion during the pandemic. ...
Republicans gear up for the coming battle over $5 trillion tax cut’s costs
Republicans are united on extending the 2017 tax cuts, but at odds on how to offset the cost. ...
U.S. stock and bond markets love Trump’s pick of Bessent for Treasury — here’s why
Trump said he will pick the Wall Street figure to take on his administration's most important economic role. ...