Coca-Cola, General Mills Under Fire For Raising Prices While Shrinking Product Sizes
Major food companies accused of shrinkflation or charging the same or higher prices for reduced product sizes, while paying lower taxes than average Americans.
$18 Billion Treasure From San José Shipwreck Raises Legal Ownership Dispute—Who Can Claim It?
The San José, a Spanish galleon that sank in 1708, contains treasures worth $7-$18 billion, but ownership disputes involve several claimants and remain unresolved.
Amazon Rushes To Hire 250,000 Workers This 2024 Holiday Season Due To Rising E-Commerce Sales
Amazon plans to hire 250,000 seasonal workers for the holiday rush as e-commerce sales are expected to soar.
US Trade Blacklists 75 Chinese Companies Linked To Uyghur Forced Labor
The U.S. added two Chinese firms, a steel manufacturer and an artificial sweetener maker, to its Uyghur forced labor blacklist, bringing the total to 75 companies.
Editor's Pick
China Imposes Trade Restrictions, Blacklisting on US Arms Suppliers for Selling Missiles, Jets to Taiwan
China has imposed sanctions on US companies selling arms to Taiwan, including trade restrictions and potential blacklisting, as tensions rise over Taiwan’s military acquisitions from the US.
Titan Submersible Employee to Testify That the Submarine Is 'Unsafe' Prior to Fatal Titanic Mission
An employee who labeled OceanGate’s Titan submersible as ‘unsafe’ will testify before U.S. Coast Guard investigators, potentially impacting the company’s future operation.
Global Central Banks Set to Lower Interest Rates: How Could This Impact Your Loans and Savings?
Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.
Investors
Most Read
Regions
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
China has banned Taiwan’s fruit, seafood, and vegetables imports, escalating tensions over trade and military issues.
Global Stocks Drop as Japan's Nikkei Falls 13% and European Shares Hit Six-Month Lows
China and Italy Hopes to Revive Ancient 'Silk Road' Route With New Trade Agreement
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
Scotland-England Electric Link to Power 2 Million Homes, Construction Starts 2028
Regulators have approved a £4.3 billion subsea cable project between Scotland and England, designed to enhance renewable energy transfer and boost energy security.
ECB’s Interest Rates Remain Unchanged But May See Cuts in September
European Commission President Ursula von der Leyen Re-Elected to Second Term
Deals
Funding
Nvidia Rival Groq Raises $640 Million in a New Funding Round
Groq was originally looking to raise $300 million at a slightly lower valuation. Groq, an artificial intelligence chipmaking startup, has secured more than $600 million in a recent funding round, the company announced Monday.
Trump Campaign's Financial Advantage Short-Lived as Democrats Surge with $100M Funds in Just 1 Day
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
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.
Anthropic, Menlo Launches $100M Fund To Invest in AI Startups
In addition to funding, selected AI entrepreneurs will also be given access to a network of investors as well as advanced AI research and tools.
People
Mining Giant Company Hopes to Achieve 'Real Zero' by 2040, Ending Fossil Fuel Use This Decade
Mining giant Fortescue rejects the "fantasy" of net zero by 2050, instead aiming for "real zero" by 2040, urging immediate action to reduce carbon emissions and stop burning fossil fuels.
Chemical Plant Fire in Georgia Shuts Down Local Economy, Forces Thousands to Shelter
A chemical plant fire in Georgia has forced over 90,000 residents and businesses to shelter in place, with the EPA detecting chlorine in the air.
Genetic Testing Giant 23andMe Loses Entire Board Over CEO’s Privatization Plans
23andMe’s board directors resigned as CEO Anne Wojcicki pushed to take the company private, while concerns remain over its financial struggles, privacy issues, and unresolved lawsuits.
