Browsing: Business

U.S. stocks surged on Thursday, August 22, 2025, with the Dow Jones Industrial Average jumping more than 800 points to close at a record high, as Federal Reserve Chair Jerome Powell signaled openness to cutting interest rates during his speech

The United States and the European Union have announced a new Framework on an Agreement on Reciprocal, Fair, and Balanced Trade, establishing a structured path to resolve long-standing trade disputes and expand transatlantic economic cooperation. The framework, which is not

A U.S. federal court has ordered CVS Health’s pharmacy benefit management unit, Caremark, to pay nearly $290 million in damages and penalties over allegations it defrauded the Medicare system. The decision, issued this week by Chief U.S. District Judge Mitchell

Target Corporation announced on Tuesday that CEO Brian Cornell will step down on February 1, 2026, after more than a decade leading the company. He will be succeeded by current Chief Operating Officer Michael Fiddelke, who has been with the

Stablecoins are rapidly emerging as a powerful force in global finance, with Goldman Sachs projecting that the sector could reach several trillion dollars in value by the end of the decade. The investment bank said the market is entering a

Home Depot reported weaker than expected earnings for its fiscal second quarter, while warning that new tariffs will force the company to raise prices on certain imported products. The home improvement retailer posted net sales of $45.28 billion, slightly below

SoftBank Group has announced a $2 billion investment in Intel Corporation, acquiring newly issued common stock at $23 per share in a move that signals renewed confidence in the U.S. chipmaker. The deal, confirmed by both companies, positions SoftBank among

U.S. President Donald Trump is under increasing scrutiny for efforts to reshape the federal government’s statistical agencies, actions that experts warn could undermine the credibility of data long regarded as essential to the American economy. His recent dismissal of Bureau

Gold prices rose on Monday, recovering from recent losses as investors monitored geopolitical developments and awaited key policy signals from the U.S. Federal Reserve’s annual Jackson Hole Economic Symposium scheduled for later this week. Spot gold climbed approximately 0.4 percent

Electricity prices across the United States have surged by an average of 25 percent over the past four years, a sharp rise that is outpacing general inflation and driving widespread concern among households already struggling with elevated costs of living.