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

Become a contributor

Bookmark Econotimes

Business

Tue, Dec 23, 2025 02:44 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Citi Completes Banamex Split, Paving the Way for a 2025 IPO Across Mexico and Wall Street

Dec 02, 2024 18:37 pm UTC| Economy Business

Citigroup has officially separated Banamex from its institutional banking arm, accelerating plans for a 2025 dual IPO. With listings in Mexico City and New York under consideration, this move reflects Citis ongoing push to...

‘UK Economy on Shaky Ground' Ripple Effects from Trump’s Tariff Storm Could Hit Harder Than Predicted

Dec 02, 2024 15:00 pm UTC| Economy Business

The United Kingdoms economy is unlikely to escape the ripple effects of trade tariffs proposed by U.S. President-elect Donald Trump, despite not being directly targeted, according to UBS analysts. While the primary focus...

‘India’s GDP Growth Gamble!’—‘Will Modi’s Big Spending Plan Deliver or Spark an Economic Setback?’ Sparks Outrage!

Dec 02, 2024 14:54 pm UTC| Economy Business

India is doubling down on economic reforms and infrastructure investments to meet its ambitious 6.5%-7% GDP growth target for the fiscal year ending March 2025. This comes as second-quarter growth slowed more than...

US under Trump Series

‘Trump’s Budget Showdown!’—‘Uniting Congress or Brewing Chaos?’ Sparks Fierce Debate Over Spending and Relief Plans

Dec 02, 2024 14:51 pm UTC| Economy Business

The Democratic-led Senate and Republican-controlled House of Representatives have reconvened for a crucial three-week session, facing high-stakes negotiations over government funding and disaster relief. These debates are...

‘Brazil’s Economic Cooldown!’—‘Growth Stumbles or Lula’s Program Falters?’ Sparks Heated Debate Over Q3 Numbers

Dec 02, 2024 14:49 pm UTC| Economy Business

Brazils economic growth slowed in the third quarter of 2024, moderating from the robust pace set earlier in the year, according to a Reuters poll of 17 economists conducted Nov. 27-29. The nations gross domestic product...

US under Trump Series

What steps is Donald Trump taking to encourage domestic semiconductor production in 2025?

Dec 02, 2024 14:20 pm UTC| Politics Business

President-elect Donald Trump has outlined plans to invigorate the U.S. semiconductor industry in 2025, aiming to counter reliance on foreign chip production, particularly from China. This initiative is part of a broader...

US under Trump Series

How will Donald Trump address tech monopolies in 2025?

Dec 02, 2024 14:17 pm UTC| Politics Business Technology

President-elect Donald Trump has hinted at significant policy changes aimed at tackling tech monopolies once he returns to the White House in 2025. These proposals, aimed at breaking up what Trump has previously called...

461 462 463 464 465 466 467 468 469 470

Economy

Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week

U.S. stock markets closed higher on Monday, extending recent gains as investors look to finish the year on a strong note despite thinning trading volumes in a holiday-shortened week. The SP 500 rose 0.5% by the closing...

Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs

Global financial markets started a holiday-shortened week on a positive note, with most major stock indexes posting gains as technology stocks rebounded and investor sentiment improved. Wall Street was supported by...

Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten

Platinum prices surged sharply at the start of the week, rallying more than 4.6% on Monday to break above the $2,000 per ounce level for the first time since 2008. The move marks a 17-year high for the precious metal and...

U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise

The U.S. dollar edged lower on Monday after posting modest gains last week, as cautious market sentiment and rising geopolitical tensions weighed on risk appetite. Currency markets remained largely subdued in Asia, showing...

Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks

U.S. coffee drinkers hoping for cheaper coffee after President Donald Trump rolled back key import tariffs are likely to be disappointed. While the tariff reductions removed duties on hundreds of food items, including...

Politics

Trump Administration Recalls Nearly 30 U.S. Ambassadors in Push for “America First” Agenda

The Trump administration has recalled nearly 30 U.S. ambassadors and senior career diplomats from overseas posts, a move officials say aligns embassies more closely with the presidents America First foreign policy, but...

Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector

Mexicos antitrust commission is set to review a proposed tie-up between low-cost airlines Viva Aerobus and Volaris, a move that has drawn positive remarks from President Claudia Sheinbaum and sparked interest across the...

Australia Moves Toward Tougher Gun Laws After Bondi Shooting

Australias most populous state, New South Wales, is set to introduce significantly tougher gun laws alongside new measures targeting terrorism and public protests, following a deadly mass shooting in Sydneys Bondi area....

Trump Announces Ambitious Plan for New U.S. Navy Super Battleships

U.S. President Donald Trump announced on Monday an ambitious proposal for the United States Navy to begin building a new class of advanced battleships, a move that could significantly reshape the future of American naval...

China’s Nuclear Expansion Raises Arms Control Concerns as Pentagon Report Warns of Growing Military Ambitions

China is rapidly expanding and modernizing its nuclear weapons arsenal, with a draft Pentagon report warning that Beijing may have loaded more than 100 intercontinental ballistic missiles (ICBMs) across three newly...

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

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...