Business
Latest Articles
Toyota to Invest $3.6 Billion, Move Production From Mexico to Texas
The company incurred almost $9 billion in costs due to U.S. tariffs during the recent fiscal year, said a Toyota official.
|
Projectile Hits Tanker in Strait of Hormuz as Iran Says Vessel Ignored Transit Warning
It comes amid a fragile shipping recovery in Hormuz, where traffic remains subdued and security threats continue despite the ongoing U.S.-Iran ceasefire.
|
US Dollar Emerges as Top Haven Asset in First Half of Year
A bullish outlook for the greenback reflects ‘the notion of dollar-positive US exceptionalism.’
|
Walmart to Drop Ground Beef Prices by Nearly 15 Percent for US 250th, Trump Says
The president said the retailer’s move came after a request by his administration.
|
Texas Man Charged With Manslaughter After Overriding Tesla’s Self-Driving Mode in Fatal Crash
The man allegedly floored the accelerator, crashing into a home and killing an elderly woman.
|
US Services Economy Stays in Expansion in June Despite Mixed Signals
Two major surveys diverged on growth and hiring, but both pointed to continued resilience in the sector.
|
Lockheed Martin to Acquire Ultra Maritime for $3.45 Billion
Lockheed said the acquisition complements and expands its capabilities to deliver naval sonar warfare systems and next-generation maritime platforms.
|
Jersey Mike’s Subs, a Blackstone-Owned Sandwich Franchise, Files for IPO
The initial public offering comes at a pivotal time after Blackstone acquired the chain in 2024 and founder Peter Cancro stepped down as CEO last year.
|
Consumers Weather 1st-Half Economic Turbulence
A war in Iran, a winter storm, and higher gasoline prices weighed on consumers.
|
President Launches Trump Accounts for Children With Historic Opening of NYSE, Nasdaq
Parents can enroll their children online and monitor investments on a new app.
|
Xbox Bears the Brunt as Microsoft Opens New Fiscal Year With 4,800 Job Cuts
Microsoft’s gaming business faces deep cuts as Xbox reduces management layers and seeks buyers for several game studios.
|
Should You Keep, Sell, or Trade in Your Car?
Before trading in your car, understand how depreciation and equity affect its value.
|
Sky Agrees to Buy UK’s ITV Media Business in $2.1 Billion Deal
The transaction includes ITV’s UK broadcast channels, ITVX streaming platform, and UTV but excludes ITV Studios and STV, which remain separate companies.
|
Hormuz Traffic Stable but Recovery Slow as Security Risks Persist: UK Maritime Authority
The threat level remains ’substantial' despite the U.S.–Iran truce, as a fleet of 10 Japan-linked ships exited the strait after a long delay, authorities said.
|
GM Recalls 14,500 Vistiq SUVs, Says Third-Row Folding Seat Could Trap Small Child
The company was aware of six incidents or complaints associated with the power-folding seats, though no injuries were reported.
|
Criticality Reached for 3rd US Advanced Reactor
The United States has become the first country in the world to achieve criticality in three unique advanced microreactor designs within a month.
|
US Automakers Report Mixed Sales in Increasingly Electrified Market
Legacy automakers are offering a broad range of choices, giving consumers more affordable options.
|
Senate Defense Bill Would Establish Fund for Government to Buy Into Private Companies
Government stakes in private companies has gained support from both sides of the political aisle.
|
OPEC+ to Boost Oil Output in August
Seven OPEC+ countries have agreed to increase oil production to reverse cuts made in 2023.
|