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

Become a contributor

Bookmark Econotimes

Business

Wed, Jul 22, 2026 07:52 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Digital Currency Revolution

Mastercard, Visa Terminate Partnership Deal with Binance

Aug 25, 2023 10:06 am UTC| Business Digital Currency Investing

Mastercard Inc. and Visa Inc. are two of the leading credit card providers in the world. They are used globally, and with the emergence of cryptocurrency, they have teamed up with Binance to provide crypto services to...

T-Mobile is Slashing Its Workforce, 5K Employees are Set to Lose Jobs in the Coming Weeks

Aug 25, 2023 10:04 am UTC| Business Economy

T-Mobile is reducing the number of its employees; about seven percent of its workforce will lose their jobs in the coming weeks. To be more precise, the American wireless network operator will lay off 5,000 staff, and this...

Subway Acquired by Roark Capital Group, Ending Six-Decade Family Ownership

Aug 25, 2023 08:55 am UTC| Business Economy

In a landmark move, Subway, the renowned sandwich and salad fast-food chain, is now under the aegis of Roark Capital Group. After nearly 60 years under the DeLuca familys management, this transition signals the end of...

Waves of strikes rippling across the US seem big, but the total number of Americans walking off the job remains historically low

Aug 25, 2023 08:19 am UTC| Business Economy

More than 323,000 workers including nurses, actors, screenwriters, hotel cleaners and restaurant servers walked off their jobs during the first eight months of 2023. Hundreds of thousands of the employees of delivery...

Shein, Forever 21 Strikes Deal to Combine Brands and Expand Presence in Fashion Market

Aug 25, 2023 08:15 am UTC| Business Economy

Shein announced it has signed a deal with Forever 21 to combine their brands and sell their products to a wider audience. The Singapore-based fast fashion retailer said they are aiming to strengthen their respective...

Digital Currency Revolution

Crypto Whales Bolster Bitcoin amid Market Turbulence; BTC Peaks at $26,800

Aug 25, 2023 07:58 am UTC| Economy Digital Currency Business

In the last 24 hours, the crypto market has experienced renewed optimism, driven by high-net-worth investors amassing Bitcoin. Data indicates significant accumulation among whale and shark addresses despite recent market...

Samsung Electronics to Launch Its Food Platform at IFA 2023

Aug 25, 2023 07:12 am UTC| Business Technology

Samsung Electronics revealed that it is set to launch its food platform at the upcoming IFA 2023, the worlds largest consumer electronics and home appliances trade show. The event is taking place in Berlin, Germany, from...

1551 1552 1553 1554 1555 1556 1557 1558 1559 1560

Economy

Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand

Gold prices extended their rally on Wednesday, climbing above the key $4,100-an-ounce level as investors sought safe-haven assets amid escalating Middle East tensions and growing concerns over global energy supplies....

US Stock Exchanges Face Earnings Test as Trading Boom Meets Crypto Competition

U.S. exchange operators are set to begin reporting quarterly earnings this week, with investors expected to focus on whether strong trading activity can offset mounting concerns over regulatory changes and rising...

India FMCG Q1 Earnings Preview: Higher Input Costs Likely to Weigh on Profit Margins

Indias leading fast-moving consumer goods (FMCG) companies are expected to report weaker first-quarter profit margins as rising raw material costs, driven by the Iran conflict and higher crude oil prices, offset the...

Saudi Oil Tankers Reverse Course as Houthi Threats Disrupt Red Sea Shipping

Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea after Yemens Iran-backed Houthi movement threatened to target vessels transporting Saudi oil, raising fresh concerns over global energy supplies...

Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves

Pakistan has asked the United States for a $10 billion exchange stabilization facility to strengthen its foreign exchange reserves and reduce pressure on the Pakistani rupee, according to a Reuters report citing a source...

Politics

Rubio Urges Global Isolation of Nicaragua After Ortega Vows to End Elections

U.S. Secretary of State Marco Rubio has urged the international community to increase pressure on Nicaragua after President Daniel Ortega announced that the country would no longer hold elections, a move that has drawn...

US-Backed Pediatric HIV Treatment Drops After Foreign Aid Changes, Study Finds

Around 77,000 fewer children worldwide received HIV treatment supported by the United States in the fiscal year ending October 2025 compared with the previous year, according to research presented at the AIDS 2026...

US, Solomon Islands Deepen Ties as Peace Corps Set to Return After 25 Years

The United States is strengthening its relationship with the Solomon Islands by reviving the Peace Corps program and expanding development assistance, signaling Washingtons continued focus on the strategically important...

US Sends First Humanitarian Aid Flight to Cuba Under $100M Assistance Plan

The United States has launched the first humanitarian aid flight to Cuba under a newly announced $100 million assistance initiative, marking a significant step in Washingtons effort to provide direct relief to the Cuban...

Rubio to Meet Wang Yi as Trump-Xi Summit Plans Advance Amid Election Meddling Dispute

U.S. Secretary of State Marco Rubio is set to meet Chinese Foreign Minister Wang Yi in Manila this week, a key diplomatic engagement that could pave the way for a highly anticipated summit between U.S. President Donald...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S.

Taiwan-based Wistron Corp. (TW:3231), one of Nvidias leading manufacturing partners, has officially opened its first U.S. production facility in Fort Worth, Texas, marking a significant milestone in the expansion of...

Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips

Taiwan-based Wistron Corp., a major Nvidia supplier, has opened its first U.S. manufacturing facility in Fort Worth, Texas, investing $700 million to expand artificial intelligence infrastructure production as global...

Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge

Super Micro Computer (NASDAQ: SMCI) stock soared about 20% in after-hours trading on Tuesday after the AI server maker released a stronger-than-expected preliminary update for its fiscal fourth quarter, highlighting a...

US, China to Hold AI Talks Ahead of Xi’s September Visit

The United States and China are preparing to hold high-level artificial intelligence (AI) talks in September, marking the first official AI dialogue between the two countries under President Donald Trumps administration....

Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns

Morgan Stanley adopted a mixed outlook on the software sector on Tuesday, turning bearish on Adobe (NASDAQ: ADBE) and Workday (NASDAQ: WDAY) while maintaining an overall positive view of the industry. The investment bank...