What’s next for oil as OPEC+ and Trump shake the market? | Business and Economy
OPEC+ is opening the oil taps again, while Donald Trump’s tariffs target Russian crude buyers.OPEC+, which includes Saudi Arabia and Russia, has agreed to another…
U.S. sanctions Mexican drug cartel associates accused of scamming elderly Americans
MEXICO CITY — The U.S. Treasury Department imposed sanctions Wednesday on more than a dozen Mexican companies and four people it says worked with a powerful drug…
How did the Rams become L.A.’s most valuable sports franchise?
A decade ago, the languishing St. Louis Rams were ranked dead last in the NFL with a franchise valuation of $930 million.Faced with an unappealing…
Will Trump’s India tariffs shut down world’s biggest cut diamond supplier? | Business and Economy
For Kalpesh Patel, Diwali, the festival of lights celebrated across India, might well mark lights out for his eight-year-old diamond cutting and polishing unit.The 35-year-old…
Singapore warms to ‘Made in China’ label as stigma fades | Business and Economy News
Singapore – On a weekday afternoon in the heart of the central business district, the BYD showroom on Robinson Road is a picture of futuristic…
BLS nominee E.J. Antoni suggests suspending monthly jobs reports
Aug. 12 (UPI) -- Bureau of Labor Statistics commissioner nominee E.J. Antoni has suggested suspending monthly jobs reports in favor of more accurate quarterly reports.…
July CPI: Conumer prices rose 0.2%, just below expectations
Aug. 12 (UPI) -- The Consumer Price Index rose slightly less than expected in July annually as tariffs showed only a minimal influence on prices.…
China, Brazil can be models of ‘self-reliance’ for Global South, Xi says | Business and Economy News
China’s Xi and Brazil’s Lula discuss cooperation amid fallout of US President Donald Trump’s trade war.Chinese President Xi Jinping has suggested that China and Brazil…
Trump names conservative economist to lead labour statistics agency | Business and Economy News
US president’s nomination comes after firing of agency head raised concerns about integrity of US government statistics.United States President Donald Trump has tapped an economist…
Gold will not face tariffs, Trump says in social media post
U.S. President Donald Trump speaks during a press conference in the James S. Brady briefing room at the White House in Washington, D.C., on Monday,…
Trump expected to meet with Intel CEO after calling for his ouster | Business and Economy News
US President Donald Trump said last week that Intel’s CEO Lip-Bu Tan was ‘highly conflicted’ because of his ties to Chinese firms.Intel CEO Lip-Bu Tan…
Nvidia, AMD deal with U.S. govt. to share revenue from China AI chips
Aug. 11 (UPI) -- U.S. chip makers Nvidia and Advanced Micro Devices inked an "unprecedented" deal in which they will pay 15% of their sales…
Fed Gov. Bowman wants three interest rate cuts in 2025
Aug. 9 (UPI) -- The Federal Reserve has not approved an interest rate cut since before the Nov. 5 election, but one of its governors…
Reports: Trump considers stock IPO for Fannie Mae, Freddie Mac
Aug. 9 (UPI) -- President Donald Trump reportedly wants the U.S. government to sell Fannie Mae and Freddie Mac stock in a quest to move…
Bed Bath & Beyond returns with store opening in Nashville
Aug. 8 (UPI) -- Like a phoenix rising from the ashes, beloved home goods store Bed Bath & Beyond opened its first new store in…
U.S. gold futures spike with 39% tariffs on Switzerland enacted
1 of 3 | The price of U.S. gold futures spiked Friday, a day after Switzerland was hit with 39% American tariffs on its goods,…
Adidas accused of cultural appropriation by Mexico over new footwear design | Business and Economy News
Mexican officials say sportswear giant took design idea from Indigenous community in country’s southern Oaxaca state.Mexico’s government is seeking compensation from Adidas, accusing the sportswear…
Singapore celebrates success on 60th anniversary but challenges loom ahead | Business and Economy News
Singapore – As Singapore’s Diamond Jubilee celebrations draw to a close on Saturday night, a huge fireworks display will illuminate the city’s extraordinary skyline.The numerous…
India may pause plans to buy US arms after Trump’s tariffs: Report | Business and Economy News
India is pausing plans to procure new weapons and aircraft from the United States in apparent retaliation for President Donald Trump’s tariff hike on its…
OpenAI releases GPT-5, free to users
OpenAI creator Sam Altman and other leaders in artificial intelligence testify before the Senate Commerce, Science, and Transportation Committee on Capitol Hill in May in…