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

Become a contributor

Bookmark Econotimes

Business

Mon, Dec 08, 2025 12:55 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

TSMC, Nvidia AI Move Into Arizona Sparks Bold US Chipmaking Shift

Dec 06, 2024 01:39 am UTC| Technology Business

Taiwan Semiconductor Manufacturing Co and Nvidia are set to collaborate on producing advanced AI chips in Arizona, sources say. The partnership, if finalized, would strengthen U.S. chip capacity. TSMCs new facility, slated...

Breaking Down OpenAI’s $200 ChatGPT Pro: O1 Pro Mode and AI Features You Need to Know

Dec 06, 2024 01:13 am UTC| Technology Business

OpenAIs $200 ChatGPT Pro subscription unlocks the exclusive O1 Pro Mode, offering unparalleled AI reasoning and efficiency. This premium tier targets researchers and developers, delivering advanced tools for tackling the...

Victoria’s Secret Posts Best Quarter Since 2021, Shares Gain After Upbeat Q3 Results and Raised Guidance

Dec 05, 2024 22:59 pm UTC| Economy Business

Victorias Secret recorded its strongest quarterly growth in over two years, with Q3 revenue rising 7% to $1.35 billion and shares gaining 2.3% after hours. The retailer also lifted its 2024 sales forecast, signaling...

Lululemon Boosts Full-Year Outlook as Holiday Shoppers Power U.S. Athletic Wear Gains

Dec 05, 2024 22:42 pm UTC| Economy Business

Lululemon Athletica on Thursday raised its full-year revenue and profit outlook, spurred by strong holiday demand for premium athletic wear in the U.S. The retailer surpassed third-quarter estimates and expanded gross...

Xlence Debuts with a Client-Focused Trading Platform Set to Redefine the Industry

Dec 05, 2024 04:45 am UTC| Business

The recent launch of Xlence has introduced an innovative platform into the online trading market, designed with both beginner and experienced traders in mind. According to a recent announcement, the broker aims to simplify...

Managing Shared Internet and Utility Costs: Tips for Couples Moving in Together

Dec 05, 2024 04:42 am UTC| Business

Moving in together is one of those thrilling milestones that can give you major butterflies but it also signals the beginning of a new financial chapter for both of you. When living together, youll have to navigate shared...

Air Canada Unveils New Carry-On Fee Policy Amid Backlash from Ottawa Over Added Passenger Costs

Dec 04, 2024 21:04 pm UTC| Economy Business

Air Canada will impose carry-on bag fees for basic fare passengers starting Jan. 3, citing rising operational costs. Ottawa criticized the policy, saying it burdens Canadian travelers already grappling with increased...

441 442 443 444 445 446 447 448 449 450

Economy

Holiday Economic Questions: What Bank of America Says You Should Expect

Bank of America economist Aditya Bhave says this years holiday gatherings may bring more than cold weatherthey may spark tough conversations about inflation, housing, interest rates, and the broader U.S. economy. In a...

Russia Stocks Close Flat as MOEX Hits 1-Month High

Russian equities ended Saturdays session flat, with the MOEX Russia Index holding steady and touching a fresh one-month high despite muted market activity. Investors saw little movement across major sectors, as several key...

Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth

Vietnam recorded a notable month-on-month decline in trade activity in November, according to new data from the National Statistics Office (NSO). Exports fell 7.1% from October, reaching $39.07 billion, while imports...

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

Fitch Ratings has reaffirmed Austrias Long-Term Foreign-Currency Issuer Default Rating at AA with a Stable Outlook, underscoring the countrys strong economic fundamentals despite rising fiscal pressures. According to the...

Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut

The upcoming Federal Reserve meeting is shaping up to be one of the most closely watched and contentious in years, with investors focused on how divided policymakers are over a potential interest-rate cut and the signals...

Politics

Southwest Airlines Has $11 Million Fine Waived as USDOT Cites Operational Improvements

The U.S. Transportation Department has waived an $11 million penalty previously imposed on Southwest Airlines, finalizing the airlines $140 million settlement tied to its massive December 2022 holiday travel disruption....

U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform

A growing rift between the United States and Europe deepened after the European Union issued a $140 million fine against Elon Musks social media platform X under the Digital Services Act. The penalty, which EU regulators...

Trump Signs Executive Order to Strengthen U.S. Food Supply Chain Security

U.S. President Donald Trump has issued a new executive order aimed at strengthening the nations food supply chain by targeting potential risks linked to price fixing, market manipulation, and anti-competitive practices....

Boeing Executive Says Trump’s Equity Stake Plan Won’t Target Major Defense Contractors

Boeing Defense, Space Security CEO Steve Parker clarified that President Donald Trumps proposal for the U.S. government to take equity stakes in strategic industries is not aimed at major defense contractors. Speaking at...

Zelenskiy Describes “Substantive” Call With Trump Envoys as Ukraine, U.S. Explore Peace Path

Ukrainian President Volodymyr Zelenskiy said on Saturday that he held a long and substantive phone call with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, emphasizing that...

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SpaceX CEO Elon Musk Denies Reports of $800 Billion Valuation Fundraise

Elon Musk has publicly refuted recent media claims suggesting that SpaceX is seeking to raise new capital at an $800 billion valuation. In a post shared on X, Musk clarified that the reports circulating online were...

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...