Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Business

Fri, Jan 02, 2026 01:15 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Twitter’s CEO, CFO reportedly left, leaving Elon Musk in charge ahead of the acquisition deal deadline

Oct 28, 2022 08:54 am UTC| Business Economy

Twitter is set to be acquired by Elon Musk this week, and it was reported that ahead of the deadline for closing the deal on Friday, Oct. 28, its chief executive officer and chief financial officer have already vacated...

Meta Quest 3 release date: Meta executives confirm next-gen ‘consumer Quest’ is launching in 2023

Oct 28, 2022 08:53 am UTC| Technology Business

It is not a surprise that the Meta Quest 3 is coming, but now VR enthusiasts have a narrowed-down timeline for when it will enter the market. Several Meta executives confirmed this week that the device would be released...

Seagate’s 3,000 employees set to lose jobs under the restructuring plan

Oct 28, 2022 08:12 am UTC| Business Economy

Seagate Technology Holdings plc is set to lay off 3,000 employees, which is equivalent to eight percent of its workforce. The Cupertino, California-headquartered data storage company made the announcement of the job cuts...

Digital Currency Revolution

Blockchain: Gate.io joins Binance, FTX crypto firms in helping Busan build its blockchain framework

Oct 28, 2022 08:06 am UTC| Business Digital Currency Investing

Gate.io crypto exchange signed a memorandum of understanding (MOU) with South Koreas Busan City on Wednesday, Oct. 26, to help it with the development of blockchain infrastructure in the territory. With the MOU, it has...

Xbox game streaming device may be ‘years away’ from launch, Phil Spencer says

Oct 28, 2022 08:01 am UTC| Technology Business

Just a few weeks ago, video game fans got excited when it appeared that Xbox boss Phil Spencer was teasing the product of the Keystone project. However, it now appears that Microsoft is switching gears with its planned...

Digital Currency Revolution

NFT: Dunamu and HYBE's Momentica drops ENHYPEN digital collectibles

Oct 28, 2022 07:19 am UTC| Business Digital Currency Investing

Momentica Inc., the platform that was established by Dunamu and HYBE through their joint venture, dropped a new digital collectible featuring the members of the South Korean boy group ENHYPEN. Fans can now collect the...

Alaska Airlines places biggest Boeing order in its 90-year history

Oct 28, 2022 07:06 am UTC| Business Economy

Alaska Airlines reportedly placed a huge order for new Boeing airplanes to expand its fleet. The fifth-largest passenger air carrier in the United States confirmed on Wednesday, Oct. 26, that is buying 52 Max planes from...

1791 1792 1793 1794 1795 1796 1797 1798 1799 1800

Economy

China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry

China will impose an additional 55% tariff on beef imports that exceed newly set quota levels starting January 1, 2026, as part of safeguard measures aimed at protecting its domestic cattle industry. The policy will apply...

Trump Delays Tariff Increases on Furniture and Cabinets for One More Year

U.S. President Donald Trump signed a proclamation on Wednesday to delay planned tariff increases on upholstered furniture, kitchen cabinets, and bathroom vanities for an additional year, according to a statement from the...

USDA $12 Billion Farm Aid Program Draws Mixed Reactions from Row Crop Farmers

The U.S. Department of Agriculture (USDA) has released new details on a $12 billion farm aid program aimed at supporting American farmers struggling with low crop prices and ongoing trade disputes. While the initiative is...

Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy

Two of Japans most influential business lobbying groups have called on the government to address the prolonged weakness of the yen, warning that the depreciating currency is driving up import costs, fueling inflation, and...

South Korea Exports Hit Record High as Global Trade Momentum Builds

South Koreas exports surged for a seventh straight month in December, closing out 2025 at an all-time high and surpassing the $700 billion mark for the first time, according to official government data released on...

Politics

Zohran Mamdani Sworn In as New York City Mayor in Historic New Year Ceremony

Zohran Mamdani was sworn in as the new mayor of New York City just minutes into the New Year, marking the beginning of a historic and closely watched administration. The midnight oath-taking took place at the long-closed...

Trump Administration Cancels National Links Trust Lease for Washington Public Golf Courses

The Trump administration has canceled a long-term lease held by the nonprofit National Links Trust (NLT) to manage three major public golf courses in Washington, D.C., a move that has sparked controversy and raised...

Trump Administration Lifts Sanctions on Three Intellexa-Linked Executives

The administration of President Donald Trump has lifted U.S. sanctions on three executives previously linked to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury...

U.S. Intelligence Disputes Russia’s Claim of Ukrainian Drone Attack on Putin

U.S. national security officials have concluded that Ukraine did not attempt to assassinate Russian President Vladimir Putin or target one of his residences in a recent drone incident, according to a Wall Street Journal...

Pentagon Awards $328.5 Million Lockheed Martin Contract to Support Taiwan Air Force Amid Rising Tensions

The United States Department of Defense announced on Wednesday that Lockheed Martin has been awarded a major contract tied to foreign military sales to Taiwan, aimed at addressing what Washington describes as an urgent...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026

Google (NASDAQ: GOOGL) is preparing for a major expansion of its AI infrastructure in 2026 as it moves its seventh-generation Tensor Processing Unit (TPU), known as Ironwood, into mass deployment. This next phase marks a...

Neuralink Plans Automated Brain Implant Surgeries and Mass Production by 2026

Elon Musks brain-computer interface startup Neuralink is preparing for a major expansion, with plans to begin high-volume production of its brain implant devices and transition to fully automated surgical procedures in...

SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round

SoftBank Group has officially completed a massive $41 billion investment in OpenAI, marking one of the largest private funding rounds in global technology history. The deal gives the Japanese conglomerate an estimated 11%...

Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power

Elon Musk announced on Tuesday that his artificial intelligence startup, xAI, has acquired a third building to further expand its computing infrastructure, signaling a major step in the companys effort to compete with...

ByteDance Plans Massive AI Chip Spending Boost as Nvidia Demand Grows in China

Chinas technology giant ByteDance is preparing to significantly ramp up its artificial intelligence investment, with plans to spend about 100 billion yuan (approximately $14 billion) on AI chips in 2026, according to a...