President Donald Trump and his administration appear to have shifted their focus from the stock market to the 10-year Treasury yield as a measure of economic success. Despite […]
Technology
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Elon Musk suffers early loss in bid to block OpenAI restructure
A California judge denied Elon Musk’s motion on Tuesday to issue an injunction that would have forced OpenAI to halt its transition from a nonprofit to a for-profit […]
Economy
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China sets GDP target of 5% for 2025 amid tariff war with Trump
China has set its GDP target for 2025 at “around 5%”, a figure which was unveiled by Premier Li Qiang at the opening session of the National People’s […]
Economy
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Automakers warn that Trump tariffs will hike vehicle prices as much as 25%
WASHINGTON, March 4 (Reuters) – A trade group representing nearly all major automakers warned on Tuesday that new 25% tariffs on imports from Canada and Mexico imposed by […]
Banks
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CFPB Drops Lawsuit Against Banks Over Zelle Scams
The Consumer Financial Protection Bureau (CFPB) has withdrawn a significant lawsuit against three major U.S. banks concerning alleged inadequate safeguards on the Zelle money transfer network. Filed during […]
Economy
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Hong Kong firm to sell Panama Canal stake to BlackRock-backed group amid Trump pressure
In a significant development, a Hong Kong-based firm has agreed to sell its stake in the Panama Canal to a consortium backed by BlackRock. This $22.8 billion deal, […]
Banks
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Goldman Sachs to Cut 3% to 5% of Workforce in Annual Layoffs
Goldman Sachs, under the leadership of CEO David Solomon, is set to lay off between 3% and 5% of its global workforce. This decision, which affects over 1,395 […]
Economy
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China sets annual economic growth target of 5%
China has announced its annual economic growth target, setting it at 5%. This decision reflects the country’s ongoing efforts to maintain stable and sustainable economic development. The target […]
Technology
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Unpacking TSMC’s $100 Billion Investment in the United States
Taiwan Semiconductor Manufacturing Company (TSMC) has announced a $100 billion investment to expand its semiconductor operations in Arizona, marking the largest single foreign direct investment in U.S. history. […]