In a major shift, New York Fed chief John Williams suggests interest rate cuts may be needed to protect a weakening labor market—especially as a government shutdown blocks key economic data.
New York Fed President John Williams is advocating for additional interest rate cuts this year, driven by emerging cracks in the labor market—even as inflation remains elevated.
China has escalated restrictions on rare earth exports, banning the transfer of processing tech and equipment abroad—a move that could disrupt global semiconductor and EV production.
Oracle’s AI-driven cloud business is generating shockingly low profit margins, fueling investor fears that the broader AI rally may be an unsustainable bubble.
The EU has voted to ban plant-based products from using terms like ‘burger’ and ‘sausage,’ igniting a fierce debate over food labeling, consumer rights, and sustainability.
Texas startup Base Power has secured $1 billion to expand its innovative model of leasing home batteries and aggregating them into a responsive, grid-scale virtual power plant.
Tesla has launched new, more affordable versions of its Model 3 and Model Y, starting at $37,000 and $40,000, in response to the end of federal EV tax credits.
A California jury has awarded $966 million to the family of a woman who died from mesothelioma, ruling that Johnson & Johnson’s talc products were to blame.
The European Union is proposing 50% steel tariffs and a drastic cut to import quotas, citing market distortions caused by President Trump’s aggressive U.S. trade measures.
Intercontinental Exchange, owner of the NYSE, is investing $2 billion in Polymarket—a move that could bring crypto-powered prediction markets into the financial mainstream.