US Inflation Up Slightly in June as Consumer Spending Slows Down Amid Declining Income Growth
U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.
30% of Global EV Owners Consider Switching Back to Gas Cars, Survey Says
A recent McKinsey survey reveals nearly 30% of global EV owners, with 46% in the U.S., are considering switching back to gasoline cars due to dissatisfaction with charging infrastructure and battery
Nissan Slashes Production of Rogue Crossover at Kyushu Plant Due to US Sales Decline
Nissan has cut production at its main Japanese plant by a third due to weak U.S. demand and struggles to compete with the demand for hybrid car models.
Murdoch Empire Family Feud Could Upend the Media Industry, Possibly End Fox News
Rupert Murdoch argues that his other children would likely neutralize his media empire's right-leaning views if they get control of the assets when he passes away.
Editor's Pick
Australia’s Live Music Industry Investigated by Government Inquiry
The Australian Parliament’s Standing Committee on Communications and the Arts heard evidence from a number of live music industry stakeholders, includ
Here’s How a Kamala Harris Administration Could Affect Your Personal Finance
Biden and other Democrats have endorsed Harris as the party's potential presidential nominee for the 2024 election.
Tractor Drone Maker Monarch Reveals $133 Million Series C Funding
Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.
Investors
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Regions
UK Unveils New Stock Market Listing Rules to Simplify, Streamline the Process
As UK IPOs declined, the Financial Conduct Authority (FCA) has proposed new regulations for stock ma
Russia's Plot to Assassinate CEO of German Arms Firm Supplying Ukraine Thwarted by US, Germany
Tesla Increases Model 3 Prices in Europe Over China EV Tariffs
Biotech Boss Jacob VanLandingham Pleads Guilty Over Welfare Fund Case
Biotech executive Jacob VanLandingham pleaded guilty to a fraud charge after allegedly improperly using welfare funds intended to develop a concussion drug in the largest public corruption case in the
Disneyland Workers Vote to Authorize A Strike To Protest Wages and Benefits
Disneyland employees in California have authorized a potential strike, with nearly 99% of union
California Raw Milk Linked to Largest Salmonella Outbreak in a Decade, Records Reveal
China's BYD Plans to Construct $1 Billion EV Factory in Turkey
Deals
Funding
Thames Water Scrambles for Funds to Pay $19 Billion Debt and Prevent May 2025 Shutdown
UK utility Thames Water urgently seeks new funding to pay off £15 billion ($19 billion) debt burden ...
Biden's Climate Agenda Boosts Solar Company to Billions in Profits
First Solar, a major donor to Biden's campaign, became the largest U.S. solar panel maker that ...
T-Mobile Secures $2.67 Billion US Navy Contract for Communication Technology
T-Mobile secures a $2.67 billion contract with the U.S. Navy for advanced communication ...
Donald Trump and Joe Biden Hold Competing Fundraisers in London—Who Raised the Most?
Supporters of Biden and Trump hold rival fundraising events in London; Trump raises $2M with Nigel ...
People
Olympic Gold Medalists to Receive $50,000 Prize Money for the First Time
For the first time ever, track and field gold medalists in the Paris Olympics will receive $50,000 ..
Tech Billionaire Mark Pincus Joins Democratic Donors in Forcing Biden to Drop out of the Presidential Race
Tech billionaire Mark Pincus, has joined Democratic donors urging Biden to withdraw from the ..
New CNN CEO Mark Thompson Lays Off 100 Employees in Major Restructuring Effort
CNN's new CEO Mark Thompson initiated his first major restructuring effort by laying off 100 ..
Sectors
North Korea to Open New Resort Tourism Site in 2025 Despite Foreign Tourist Ban
North Korean leader Kim Jong Un visited the Wonsan-Kalma tourism site, which opened in May 2025, despite the ongoing ban on most foreign tourists entering the country....
Bridging the Digital Divide: Greensparc's Solution for Sustainable Edge Data
We live in a time when digital connectivity is no longer a luxury but a necessity, which means access to reliable digital infrastructure is more important than ever before. Yet, millions of people ...
Grab's Trans-Cab Takeover Could Stifle Competition, Competition Watchdog Warns
The CCCS warns that Grab's proposed acquisition of Trans-cab could lead to unfair market dominance in Singapore's ride-hailing sector, reducing competition and boosting driver shortage....
UK Economy Grows 0.4% in May: Official Statistics
The United Kingdom’s Office of National Statistics released the latest economic figures, which revealed that the country’s economy grew by 0.4% in May....
