The Trump administration’s $20 billion Argentina bailout is under fire for allegedly benefiting billionaire investors linked to Treasury Secretary Scott Bessent.
A deep dive into the life of Oscar Wyatt Jr., the legendary and controversial Texas oilman who founded Coastal Corporation, served time in prison for an Iraq scandal, and died at 101.
Chancellor Friedrich Merz and German automakers are pushing the EU to relax its 2035 ban on new combustion-engine vehicles, citing economic risks and advocating for e-fuel exemptions.
Fed Chair Jay Powell navigates internal divisions and softening labor data as the central bank debates whether to cut interest rates before year-end.
Danish wind energy leader Orsted announces major layoffs and retreats from U.S. markets following regulatory blocks and financial strain.
Reflection AI has secured $2 billion in funding led by Nvidia to accelerate its development of open-source AI models and compete directly with DeepSeek.
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.