TAG · Economy
Alaska Air Group reported a third-quarter loss of $147 million, or $1.32 a share, on Tuesday, after earning $73 million, or 62 cents a share, a year earlier. The company said a significant fuel headwind more than offset revenue that rose…
2026-10-20 · 3 MIN READElon Musk said a Tesla-SpaceX merger is under active consideration and would be "a good idea," telling financial analysts Tuesday that special committees within both companies have been formed to review a potential transaction.
2026-10-20 · 3 MIN READA Wharton School and GBK Collective survey of 1,416 U.S. enterprise leaders and entry- and mid-level employees found that daily AI use among managers and above climbed 16 percentage points to 62% in the past year, even as caution and…
2026-10-13 · 3 MIN READAdnoc Logistics & Services, the logistics arm of the United Arab Emirates' state oil-and-gas giant Abu Dhabi National Oil, is in talks to acquire a big stake in HEA Energy, a deal that would value the Middle Eastern-based energy marine…
2026-10-12 · 6 MIN READAn 80-page internal Binance report prepared in April for the United Arab Emirates' financial intelligence unit details how a network of 21 trading accounts moved $850 million on the world's largest cryptocurrency exchange to help Iran's…
2026-10-09 · 4 MIN READEuropean Commission President Ursula von der Leyen told EU lawmakers on Tuesday that exporters would get an extra year to comply with incoming European Union methane-emission rules, citing high fuel costs, according to the Wall Street…
2026-10-07 · 4 MIN READThe union representing Boeing's aerospace engineers and technicians is months into its first full contract negotiations in 14 years, the Wall Street Journal reported in its October 2, 2026 Logistics Report newsletter, edited by Mark R.…
2026-10-02 · 4 MIN READAudi has launched its Q9 full-size SUV in the U.S. while BMW told investors in Munich it is looking to make a supersized SUV and Volvo plans to introduce a larger SUV for the American market, The Wall Street Journal reported, betting on…
2026-10-01 · 3 MIN READUkraine struck an oil facility in Russia's southern Samara region overnight, alongside hits on a Russian vessel in the Black Sea and a drone launch and storage site in the Oryol region, President Volodymyr Zelenskyy announced Thursday. The…
2026-10-01 · 4 MIN READOil futures rose Thursday as Middle East crude exports continued to recover toward prewar levels, with December Brent gaining 0.5% to $98.56 a barrel and West Texas Intermediate up 0.4% to $88.70. Major banks including Goldman Sachs, J.P.…
2026-10-01 · 4 MIN READAround 20 Iranian and Iran-linked oil tankers are stranded 15 miles off Sri Lanka's southwest coast with food, fuel and fresh water running low, after the U.S. Embassy in Colombo pressed Sri Lankan authorities to stop servicing the…
2026-10-01 · 4 MIN READThe average retail price of a dozen eggs has fallen from $4.95 in January 2025 to $2.27 in August 2026, according to federal data cited by NPR, while President Donald Trump has repeatedly claimed credit for the decline. Trump has blamed…
2026-10-01 · 4 MIN READThe U.S. trade deficit in goods and services widened 14% in August from July to a seasonally adjusted roughly $106 billion, the Commerce Department said — the highest level since March 2025, when companies raced to import goods early in…
2026-10-07 · 4 MIN READThe 10-year Treasury yield rose to 5.26% on Oct. 1, 2026, its highest level since May 2002, according to FRED data. The Wall Street Journal, citing Tradeweb, reported the yield pushed past its 2007 intraday peak of 5.303% in afternoon…
2026-10-01 · 3 MIN READ
A federal judge on Wednesday approved Paramount's settlement with 12 state attorneys general, clearing the path for the company to complete its $81 billion acquisition of Warner Bros. Discovery. The settlement, announced last week,…
2026-09-30 · 3 MIN READNvidia said Monday that its board approved a $150 billion increase to the chip maker's share-repurchase program, bringing total buyback authorization to $235 billion, according to The Wall Street Journal. The new authorization is the…
2026-09-28 · 3 MIN READApple and Dell are raising prices on laptops, tablets and smartphones to absorb soaring chip costs even as industry-wide shipments are plummeting, The Wall Street Journal's CMO Today newsletter reported. The pricing strategy is reshaping…
2026-09-23 · 3 MIN READThe combined company created by Paramount's $81 billion merger with Warner Bros. Discovery would shoulder nearly $80 billion in debt — a figure a prominent media industry analyst has called "staggering" — and Paramount projects $6 billion…
2026-09-22 · 4 MIN READTaiwanese electric-bus manufacturer Master Bus is planning a roughly $30 million factory at the Taiwan-Paraguay Smart Technology Park in Minga Guazú, Paraguay's Ministry of Industry and Commerce says. The ministry estimates the project…
2026-09-22 · 4 MIN READOil futures extended their slide to a fourth consecutive session on Monday as Saudi Arabia said it expects its damaged East-West pipeline to return to about half its capacity within days and as President Trump prepared to meet Gulf leaders…
2026-09-21 · 5 MIN READThe hyperscaler companies at the center of the AI buildout — Google, Amazon, Microsoft, Meta and Oracle — have issued an estimated $132bn (£99bn) in debt this year to fund datacentre expansion, according to Heather Stewart's economics…
2026-09-20 · 4 MIN READStellantis is in talks to sell its idled Brampton, Ontario, factory to Roshel, a Canadian maker of armored vehicles, the Wall Street Journal's Paul Vieira reported. The discussions prompted the union representing over 9,000 of the…
2026-09-14 · 3 MIN READUmar Kremlev, a Russian oligarch close to President Vladimir Putin and head of the International Boxing Association, paid hundreds of thousands of dollars for expenses at Donald Trump Jr.'s three-day Bahamas wedding in May, according to…
2026-09-14 · 4 MIN READOpenAI CEO Sam Altman said in an interview released Saturday that he would delay taking the company public until at least 2027 because of AI safety concerns, and that OpenAI officials had discussed pausing tests on the technology to make…
2026-09-13 · 4 MIN READOpenAI will not hold its initial public offering in 2026, CEO Sam Altman said in a Fortune interview published Saturday, citing concerns about artificial intelligence safety. The announcement comes as Anthropic, OpenAI's rival AI lab,…
2026-09-12 · 3 MIN READUS lettuce prices dropped 6.2% from July to August 2026 after falling 16.4% the prior month — the largest one-month decrease in recent history — according to data released Friday. Food economics experts attribute the decline to demand…
2026-09-11 · 3 MIN READThe U.S. national average price for diesel fuel crossed $6 per gallon for the first time on Friday, reaching $6.06, UPI reported, citing AAA. The new high surpasses the previous record of $5.82, set in June 2022.
2026-09-11 · 3 MIN READKroger on Friday lowered its full-year same-store sales outlook to 0.2%-0.8% growth, down from a prior 1%-2% projection, citing macroeconomic pressure and a lighter-than-expected first half. Shares of the grocery chain fell 3.9% to $54.85…
2026-09-11 · 3 MIN READCanadian Prime Minister Mark Carney is set to open a two-day investment summit in Toronto on Monday, pitching more than 160 corporate projects to global asset managers responsible for over $100 trillion in holdings as part of a five-year…
2026-09-11 · 4 MIN READA blockchain-forensics firm has identified 19 connected accounts on the prediction-market platform Polymarket that placed near-perfect bets on the quarterly earnings of companies audited by KPMG, according to an analysis reported by The…
2026-09-11 · 4 MIN READPayPal CEO Enrique Lores told investors Wednesday he plans to run the company as a stand-alone business after a proposed buyout from Stripe and private-equity firm Advent International valued at more than $50 billion stalled over price…
2026-09-11 · 5 MIN READAritzia and McDonald's are investing in human-staffed customer service in a reversal of the shift toward self-service kiosks and digital ordering, The Wall Street Journal reported Friday. Canadian apparel retailer Aritzia staffs sales…
2026-09-11 · 3 MIN READOil reached $105 a barrel amid signs the conflict between the United States and Iran in the Gulf would not be resolved quickly, BBC News reported. The fighting has effectively closed the Strait of Hormuz, preventing Gulf oil and gas…
2026-09-10 · 5 MIN READThe U.N. Economic Commission for Latin America and the Caribbean projects Latin America and the Caribbean will grow 2.2% in 2026, down from 2.4% in 2025, economist César Addario Soljancic wrote in a United Press International analysis…
2026-09-10 · 4 MIN READSan Francisco Mayor Daniel Lurie declared a rent emergency Thursday, proposing reforms aimed at curbing evictions and preventing rent spikes as the city grapples with soaring housing costs. The median rent for a one-bedroom apartment in…
2026-09-10 · 4 MIN READThe prediction-markets company Polymarket has named Warren Jenson, a former chief financial officer at Amazon and NBC, as its first company-wide finance chief. The appointment comes as the company expands its United States platform…
2026-09-10 · 3 MIN READFrench AI startup Mistral is partnering with American data and software company Cloudera to integrate its models with Cloudera's hybrid data platform over the coming weeks. Mistral said enterprises will be able to deploy and train the…
2026-09-10 · 3 MIN READThe U.S. Energy Information Administration reported Thursday that commercial crude oil inventories fell by 391,000 barrels to 424.1 million barrels in the week ended Sept. 4, a smaller decline than the 1.4 million-barrel draw forecast by…
2026-09-10 · 3 MIN READBrooks Automation Holdings, a semiconductor automation company owned by private-equity firm THL, has confidentially filed a draft registration statement with the Securities and Exchange Commission for a proposed initial public offering,…
2026-09-10 · 3 MIN READHundreds of scam victims have filed claims over $225 million in cryptocurrency that US law enforcement seized through Operation Big Tuna, an operation aimed at disrupting an alleged scam compound in the Philippines. Infiniweb Technology,…
2026-09-10 · 4 MIN READNorthern Ireland electricity supplier Share Energy will raise its prices by 12.6% from 1 October, the company has announced. The Consumer Council for Northern Ireland said the increase would add about £129 a year to bills for both credit…
2026-09-09 · 3 MIN READPresident Donald Trump said Wednesday that the U.S. conflict with Iran would end "immediately" after the November midterm elections and said gas and oil prices would not fall until then. Gas prices rose 7.3 cents per gallon to a nationwide…
2026-09-09 · 3 MIN READOil futures climbed on Wednesday as Houthi attacks on Saudi energy infrastructure and continued strikes around the Strait of Hormuz pushed prices higher, with West Texas Intermediate settling up 1.9% at $93.03 a barrel — a three-month high…
2026-09-09 · 3 MIN READJamie Dimon, chief executive of JP Morgan, is set to meet UK Chancellor John Healey on Wednesday to argue against any increase in bank taxation in the government's October 28 budget, The Guardian reported on Wednesday.
2026-09-09 · 3 MIN READGoogle announced plans Wednesday to invest at least $15.1 billion in artificial intelligence infrastructure in Finland over the next two years, the company's largest single investment in Europe to date. The package includes new data…
2026-09-09 · 4 MIN READApple is set to hold its first product launch under new CEO John Ternus on Wednesday, with the lineup widely expected to include the company's first foldable smartphone — a category rivals Samsung, Motorola and Google have already entered.…
2026-09-09 · 3 MIN READJaguar Land Rover has confirmed plans to cut 4,000 UK jobs over two years, prompting warnings from suppliers about the broader decline of Britain's automotive sector. Chief executive PB Balaji said the company aims to save £1.7bn through…
2026-09-08 · 4 MIN READShares in Asia were mixed Tuesday while U.S. futures were mixed as markets on Wall Street remained closed for the Labor Day holiday. Tokyo's Nikkei 225 slipped 0.3% to 66,170.34, giving up early gains after Japan's government reported that…
2026-09-08 · 4 MIN READRussia and North Korea opened the first road bridge across their shared border on Monday, a 1-kilometer span over the Tumen River linking the border city of Rason in North Korea to Khasan in Russia's Far East, both governments said.…
2026-09-08 · 4 MIN READBlock Communications announced Tuesday it is seeking a buyer for The Blade, its Toledo, Ohio, newspaper, warning that the paper will cease both print and digital operations at the end of the year if no sale is completed.
2026-09-08 · 3 MIN READJapan lodged a protest Tuesday against Chinese trade controls that will restrict Japanese exports of dichlorosilane, a chemical used to manufacture computer chips, with Tokyo saying it is studying the potential impact on Japanese exporters.
2026-09-08 · 3 MIN READUS union membership grew by 411,000 in 2025, the largest single-year increase since 2008, according to a report from the Illinois Economic Policy Institute and the Project for Middle Class Renewal at the University of Illinois at…
2026-09-07 · 3 MIN READChina's foreign-exchange reserves rose by $19.55 billion to $3.438 trillion in August, the People's Bank of China reported Monday, exceeding the $3.425 trillion economists surveyed by The Wall Street Journal had forecast. The increase came…
2026-09-07 · 3 MIN READShares rose in Tokyo and Seoul on Monday on buying of computer chipmakers' stocks, while oil prices climbed on further escalation in the U.S.-Iran conflict. Japan's Nikkei 225 added 1.7% to 66,104.93 and South Korea's Kospi jumped 3.3% to…
2026-09-07 · 3 MIN READA Jersey States Assembly deputy has withdrawn her proposal to cut fuel duty by 10 pence per litre for three months, citing "constructive discussions" with the island's treasury minister about the cost of living.
2026-09-06 · 3 MIN READSeven key members of OPEC+ agreed Sunday to hold oil production steady in October, ending six straight months of production increases as the war between the United States and Iran continues to disrupt global crude flows. The decision…
2026-09-06 · 5 MIN READAmericans are building stock-trading algorithms through simple written prompts and handing their portfolios to AI agents that buy and sell assets autonomously, The Wall Street Journal reported.
2026-09-06 · 3 MIN READVirgin Atlantic expects to operate 95% of its regular winter schedule and announced it had secured the contract to fly Team GB and ParalympicsGB to the 2028 Los Angeles Olympics, taking the role from British Airways. Chief executive…
2026-09-05 · 6 MIN READOil prices climbed for a fourth consecutive day on September 4 as the resumption of fighting in the Middle East revived concerns about prolonged tightness in global petroleum supplies, while Nomura analysts resumed coverage of…
2026-09-04 · 3 MIN READMoonshot AI, the Beijing-based artificial intelligence lab behind the Kimi family of language models, has confidentially submitted an initial public offering application to Hong Kong's stock exchange, The Wall Street Journal has reported.…
2026-09-04 · 6 MIN READBarclays raised the cost outlook for BHP's Vicuna copper project under development with Lundin Mining, saying the budget is likely to exceed the current $7 billion to $8 billion phase-one estimate after a roundtable with BHP's chief…
2026-09-04 · 3 MIN READStockholm-listed Swedish investment group EQT has agreed to acquire a majority stake in specialty insurance broker McGill and Partners for $2 billion, buying out the position held by New York-based private equity firm Warburg Pincus. The…
2026-09-04 · 3 MIN READHutchmed's shares rose 3.3% in Hong Kong on Friday after Citi analysts raised the company's stock target following a licensing deal with GSK worth up to $1.295 billion. The same session's batch of healthcare-sector analyst notes also…
2026-09-04 · 3 MIN READPrivate equity firms in the United States are sitting on a record inventory of more than 13,500 unsold portfolio companies, according to PitchBook data. PE-backed companies accounted for the majority of large US corporate bankruptcies in…
2026-09-04 · 3 MIN READJapan's Finance Minister Satsuki Katayama on Friday defended ministry budget requests totaling about 143 trillion yen ($917.85 billion) and rejected speculation that U.S. Treasury Secretary Scott Bessent was pressuring Tokyo to raise…
2026-09-04 · 4 MIN READThe Wall Street Journal's Morning Risk Report on Wednesday examined whether the Trump administration's 'Economic D-Day' sanctions campaign against Iran faces the same limits that past Western economic pressure campaigns hit against Cuba,…
2026-09-03 · 4 MIN READOura, the San Francisco-based smart-ring maker founded in Finland in 2013, publicly filed its IPO paperwork on Thursday and aims to list on the Nasdaq as soon as this month. The filing disclosed $1.21 billion in revenue for the nine months…
2026-09-03 · 3 MIN READLululemon Athletica cut its annual sales and earnings outlook for the second time in 2026 on Thursday, reporting a 4% decline in second-quarter revenue and an 8% drop in Americas sales that fell short of analyst expectations. Incoming…
2026-09-03 · 4 MIN READThe Bank of Canada unveiled a new vertical $20 banknote on Thursday bearing the portrait of King Charles III, the first new monarch to appear on Canadian currency in more than 70 years. Governor Tiff Macklem said the polymer note will…
2026-09-03 · 3 MIN READReform UK has set out plans to cut £80bn from public spending over five years, with welfare reductions accounting for £50bn of the total and the remainder coming from net zero programmes, the civil service and foreign aid. Speaking at a…
2026-09-03 · 4 MIN READCanadian Prime Minister Mark Carney said Thursday the federal government will spend about C$4.7 billion (US$3.4 billion) to acquire 313 new passenger cars for state-owned Via Rail, contracting with Alstom to build the coaches entirely in…
2026-09-03 · 4 MIN READThe International Energy Agency estimated that China's electric vehicles displaced 1.5 million barrels of oil per day in the second quarter of 2026, a figure roughly equal to France's total consumption. The displacement — about 1.5% of…
2026-09-03 · 4 MIN READTyson Foods cut its fiscal 2026 revenue growth forecast to a range of 1.5% to 2% on Thursday, down from a previous range of 2.5% to 3.5%, citing margin compression from volatile cattle prices and what the company described as one of the…
2026-09-03 · 4 MIN READNvidia, the world's largest publicly traded company, said Thursday it has agreed to acquire New York-based artificial intelligence developer platform Hugging Face for approximately $12.93 billion. Founded about a decade ago, Hugging Face…
2026-09-03 · 3 MIN READThe US federal debt has reached $40 trillion under President Donald Trump, up $11.6 trillion since Trump first took office, Guardian opinion columnist Steven Greenhouse writes in a Sept. 3 column published in the newspaper's "comment is…
2026-09-03 · 5 MIN READVolkswagen named veteran executive Marco Schubert to lead its North American business starting in October, the German automaker said Wednesday. He replaces Kjell Gruner as head of a region where group sales fell around 14% last year and…
2026-09-03 · 3 MIN READChinese President Xi Jinping met with Egyptian President Abdel Fattah el-Sissi in Cairo on Wednesday for talks marking 70 years of China-Egypt diplomatic ties. Xi arrived Tuesday evening and was greeted on the tarmac by el-Sissi and…
2026-09-03 · 3 MIN READOil prices slipped Thursday while Asian equity benchmarks advanced, tracking gains on Wall Street from the prior session. Brent crude fell to $95.26 a barrel after a week of renewed U.S.-Iran fighting pushed prices sharply higher, while…
2026-09-03 · 3 MIN READThe Wall Street Journal reports that families have several federal exclusions for transferring money to children and grandchildren during life. Individuals can give up to $19,000 per recipient in 2026 generally without filing a gift-tax…
2026-09-02 · 4 MIN READ
