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Category: Economy

Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
Economy

Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet

April 17, 2025

Canceled freight vessel sailings from China are up and will ripple through the supply chain as the trade war impact…

China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on goods
Economy

China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on goods

April 17, 2025

Beijing has wielded a wide range of punitive measures in recent days to strike back at Washington, including steps targeting…

Amazon emails sellers to gauge how Trump’s tariffs are impacting their businesses
Economy

Amazon emails sellers to gauge how Trump’s tariffs are impacting their businesses

April 15, 2025

Amazon asked third-party sellers how the "current U.S. tariff situation" has affected sourcing and pricing, logistics and plans to ship…

OpenAI considering its own social network to compete with Elon Musk’s X
Economy

OpenAI considering its own social network to compete with Elon Musk’s X

April 15, 2025

OpenAI is considering building a social network to compete with Elon Musk's X and Meta's Instagram, a source familiar with…

Meta CEO Mark Zuckerberg considered spinning off Instagram from Facebook in 2018: FTC trial
Economy

Meta CEO Mark Zuckerberg considered spinning off Instagram from Facebook in 2018: FTC trial

April 15, 2025

Meta CEO Mark Zuckerberg considered spinning out Instagram in 2018, according to an email presented Tuesday in the FTC's antitrust…

20,000 IRS employees interested in deferred resignation offer as tax deadline looms
Economy

20,000 IRS employees interested in deferred resignation offer as tax deadline looms

April 15, 2025

The Trump administration has offered buyouts across the government in a bid to dramatically shrink the size of the federal…

United Airlines gives two 2025 profit outlooks calling economy ‘impossible’ to predict
Economy

United Airlines gives two 2025 profit outlooks calling economy ‘impossible’ to predict

April 15, 2025

United said a deterioration in bookings could lead it to lower its 2025 outlook to $7 to $9 a share…

Why Trump’s nuclear talks with Iran could be far more successful than Biden’s
Economy

Why Trump’s nuclear talks with Iran could be far more successful than Biden’s

April 14, 2025

"The Iranians are, I think, a little bit more desperate than they were in 2022, and they are faced with…

Billionaire Ray Dalio: ‘I’m worried about something worse than a recession’
Economy

Billionaire Ray Dalio: ‘I’m worried about something worse than a recession’

April 14, 2025

Bridgewater founder Ray Dalio said that he is worried about a breakdown of the global monetary order. ...

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Crypto World

1
Cryptocurrency

Crypto Biz: Bank stablecoins get a rulebook; Bitcoin gets a land grab

December 19, 2025

Washington is inching closer to putting bank-issued stablecoins on a clearer regulatory track. This week, the Federal Deposit Insurance Corp. (FDIC), the US agency that oversees bank safety and insures deposits, laid out a proposed…

2
Cryptocurrency

Blockchain Association says no to expanding stablecoin yield prohibition

December 19, 2025

The Blockchain Association, a non-profit crypto advocacy organization, wrote a letter to the US Senate Committee on Banking, signed by over 125 crypto industry groups and companies, opposing the ban on third-party service providers and…

3
Cryptocurrency

Pro-crypto US Senator Lummis won’t seek reelection in 2026

December 19, 2025

Wyoming Senator Cynthia Lummis, one of the most outspoken advocates for digital assets in the current session of the US Congress, will leave office in 2027.In a Friday X post, Lummis announced that she would…

4
Cryptocurrency

SEC confirms years-long director bans for former Alameda, FTX executives

December 19, 2025

Former Alameda Research CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh will be barred from assuming company leadership roles for eight to 10 years following a court judgment.In a Friday notice,…

Economy

Economy

Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business

December 19, 2025
Economy

Musk’s $56 billion Tesla pay package must be restored as court rules cancellation was too extreme

December 19, 2025
Economy

NY Fed President Williams says some ‘technical factors’ distorted November’s CPI reading downward

December 19, 2025
Economy

Epstein files released by DOJ

December 19, 2025
Economy

Nine of the largest pharma companies ink deals with Trump to lower drug prices

December 19, 2025
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