Economy
A wealth boom and a price shock are colliding ahead of the midterm elections
The United States is in the middle of a historic and costly technological revolution, with the artificial intelligence buildout driving…
Category: Economy
Economy
Economy
Starbucks is ‘not buying Chipotle’ after report it explored a deal
Starbucks said Monday that it would not be moving to buy Chipotle Mexican Grill, after a report last week said…
Economy
Americans Robert E. Hall and Michael Woodford win Nobel in economics
American-born economists Robert E. Hall and Michael Woodford won the Nobel memorial prize in economics on Monday for their work…
Economy
Wall Street, crypto firms could face scrutiny if Democrats win majorities in midterms
A Democratic victory in one or both chambers of Congress would not stop President Donald Trump’s administration from handing regulatory…
Economy
Character.AI files for bankruptcy, to sell some assets to Disney for $20 million
Chatbot platform Character.AI said on Monday it has filed for bankruptcy in the US and has agreed to sell some…
Economy
Phone a friend: Republicans lean on Cabinet members as they break with Trump
Some Republican candidates this fall, when asked to come up with an answer to voters’ economic struggles, have opted to…
Economy
Trump eases Russia sanctions, says Putin will release diesel supplies amid unprecedented price spike
President Donald Trump said Friday that Russian President Vladimir Putin would “immediately” release hundreds of thousands of tons of diesel…
Economy
AI boom and soaring debt push U.S. Treasury yields to highest levels since 2002
The yields on key U.S. Treasury bonds touched fresh 24-year highs Wednesday as the latest global bond sell-off picked up…
Economy
The Trump administration is suspending Microsoft from a green card program, alleging fraud
WASHINGTON — The Trump administration is suspending tech giant Microsoft from a program to apply for green cards for workers…
Economy
Gas prices face new threat as Hurricane Isaias forces widespread Gulf oil shutdowns
A powerful storm snaking its way through the Gulf of Mexico threatens to disrupt U.S. oil and gasoline production at…