Real gross domestic product (GDP) in the U.S. grew at an annual rate of 2.3 percent in the fourth quarter of 2024, according to the second estimate from […]
Economy
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Weekly jobless claims jump to 242,000, more than expected in latest sign of economic softening
Initial filings for unemployment benefits reached their highest level of the year last week, signaling potential weakness in the labor market. According to a Labor Department report, jobless […]
Economy
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What to Know About the ‘Economic Blackout’ on Feb. 28
A social media-driven campaign has organized an ‘economic blackout’ for February 28, urging consumers to abstain from spending for 24 hours as a form of protest against large […]
Economy
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Eli Lilly’s $27 Billion Investment in U.S. Drug Manufacturing Amid Tariff Threats
Eli Lilly and Company has announced plans to significantly increase its investment in U.S. drug manufacturing, with a commitment of at least $27 billion. This decision comes as […]
Economy
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U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
The U.S. economy is showing signs of strain due to former President Donald Trump’s tariffs and spending cuts. These economic policies have raised concerns among consumers already wary […]
Economy
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7-Eleven Founding Family’s Bid to Block Foreign Takeover Fails, Shares Plunge
The attempt by the founding family of 7-Eleven to block a foreign takeover has collapsed due to an inability to secure the necessary funding for a buyout. Following […]
Economy
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Renault May Face $1.3 Billion Compensation to Re-enter Russian Market Amid Western Sanctions
Renault, the French automaker, may need to pay 112.5 billion rubles (approximately $1.3 billion) if it seeks to re-enter the Russian market after exiting in 2022. The company […]
Economy
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FBI accuses North Korean-backed hackers of stealing $1.5 billion in crypto from Dubai-based firm
ROME — The FBI has accused North Korean-linked hackers of executing one of the largest cryptocurrency thefts on record, stealing approximately $1.5 billion worth of ethereum from Bybit, […]
Economy
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Nationwide Economic Blackout Planned for Feb. 28 to Protest DEI Rollbacks
HOUSTON – A grassroots organization, The People’s Union, is organizing a nationwide economic blackout on Feb. 28 in response to the federal government’s rollback of diversity, equity, and […]
Economy
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U.S. lays out $1 billion plan to combat bird flu egg shortages
The U.S. Department of Agriculture has announced a $1 billion investment aimed at addressing the ongoing impact of avian flu on egg supplies and prices. In an opinion […]