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

Become a contributor

Bookmark Econotimes

Business

Fri, Apr 10, 2026 03:12 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Tesla Launches $69,990 Cybertruck Long-Range Model in U.S.

Apr 11, 2025 11:12 am UTC| Business

Tesla (NASDAQ:TSLA) has introduced a new long-range version of its highly anticipated Cybertruck in the U.S., priced at $69,990. According to Teslas official website, this model is now the most affordable option among the...

China Exempts U.S. Outsourced Chips from Tariffs, Favoring TSMC-Made Products

Apr 11, 2025 11:11 am UTC| Business

U.S. chipmakers that outsource production overseas will be exempt from Chinas newly imposed retaliatory tariffs, according to a notice by the China Semiconductor Industry Association (CSIA). The clarification provides...

Google Cuts Jobs in Android and Pixel Teams Amid AI Shift

Apr 11, 2025 11:10 am UTC| Business Technology

Alphabets Google has laid off hundreds of employees in its Platforms and Devices division, which includes key products like the Android OS, Pixel smartphones, and the Chrome browser, according to a report by The...

Apple Stock Falls to 11-Month Low Amid Escalating U.S.-China Trade War

Apr 09, 2025 08:58 am UTC| Business

Apple Inc. (NASDAQ: AAPL) shares tumbled to an 11-month low on Tuesday, losing its spot as the most valuable publicly traded company amid mounting concerns over U.S.-China trade tensions. The stock dropped 1.8% in...

Universal Studios to Open First European Theme Park in UK by 2031

Apr 09, 2025 08:58 am UTC| Business

Comcast Corp (NASDAQ: CMCSA) is set to open its first Universal Studios theme park and resort in Europe, with the UK town of Bedford, just north of London, selected as the location. Scheduled to open in 2031, the...

Trump Slams TSMC Subsidy, Threatens 100% Tax Without U.S. Manufacturing

Apr 09, 2025 08:57 am UTC| Business Politics

President Donald Trump criticized the Biden administration for awarding a $6.6 billion subsidy to Taiwan Semiconductor Manufacturing Company (TSMC), arguing that semiconductor giants like TSMC do not need government...

U.S. Tariffs Threaten Wine Retailers as Import Costs Soar

Apr 09, 2025 08:57 am UTC| Economy Politics Business

Wine retailers across the U.S. are bracing for impact as the Trump administration imposes a 20% tariff on goods from the European Union, with imported wine and liquor prices set to surge. Adam Williams, owner of Ansley...

401 402 403 404 405 406 407 408 409 410

Economy

U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets

U.S. stock index futures edged slightly lower Thursday evening as investors exercised caution ahead of high-stakes ceasefire negotiations between Washington and Tehran, while bracing for a closely watched inflation report....

Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire

President Donald Trump publicly criticized Iran on Thursday over its handling of oil shipments through the Strait of Hormuz, escalating tensions just days after a tentative ceasefire agreement between Washington and...

Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks

Oil prices climbed during Asian trading on Friday, building on Thursdays modest recovery, as markets remained on edge over ongoing supply disruptions in the Middle East and closely watched diplomatic developments ahead of...

Gold Prices Rise on Weaker Dollar and Ceasefire Hopes

Gold prices edged higher on Thursday, supported by a softer U.S. dollar and improving geopolitical sentiment after Israel announced plans to open direct negotiations with Lebanon. The development offered a measure of...

China's Inflation Data Misses Forecasts as Consumer Prices Slow in March

Chinas latest inflation figures came in below market expectations in March, highlighting the ongoing disinflationary challenges facing the worlds second-largest economy. According to official data released Friday, the...

Politics

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...

Trump Warns Iran: No Deal Means Military Action as U.S. Forces Hold Position

President Donald Trump escalated tensions with Iran on Wednesday, declaring that all U.S. military assets including ships, aircraft, and personnel would remain stationed in the region until a formal agreement with Tehran...

U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home

Treasury Secretary Scott Bessent is calling on Congress to pass landmark federal cryptocurrency legislation, warning that regulatory uncertainty is pushing blockchain innovation and investment out of the United States. In...

North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

North Korea has conducted a series of weapons tests this week, showcasing cutting-edge military technology including cluster-bomb warheads, electromagnetic weapons, and carbon-fibre bombs, according to state media outlet...

Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

A U.S. federal appeals court has dismissed the case against former Honduran President Juan Orlando Hernández, vacating his prior conviction following a presidential pardon granted by Donald Trump in December. The...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...