There’s one bright spot for San Francisco’s office space market
SAN FRANCISCO — In recent years, San Francisco’s image as a welcoming place for businesses has taken a hit.Major tech companies such as Dropbox and Salesforce reduced…
Trump and Putin hint at US-Russia trade revival, but business environment remains hostile
Hundreds of foreign companies left Russia after the 2022 invasion of Ukraine, including major U.S. firms like Coca-Cola, Nike, Starbucks, ExxonMobil and Ford Motor Co.…
Trump announces 50% tariffs on foreign steel in rally at U.S. Steel in Pittsburgh
May 30 (UPI) -- President Donald on Friday announced a 50% tariff on steel made outside the United States as he touted a partnership between…
PBS sues Trump for stripping its funds | Business and Economy News
The lawsuit came three days after a similar case by NPR, which also saw its funds cut.PBS has filed a lawsuit against United States President…
Fed chair tells Trump policy will not be politically influenced
May 30 (UPI) -- The Federal Reserve chair, Jerome Powell, has told President Donald Trump that monetary policy will not be influenced by politics. Powell…
Will Southeast Asian nations pick sides between the US and China? | Business and Economy
They’ve long been hedging their bets.But Southeast Asian nations are caught in the dispute between the United States and China.The trade-dependent countries are under threat…
Crypto has a champion in the White House, Vance tells bitcoin conference
May 28 (UPI) -- President Donald Trump is a strong ally for the growing cryptocurrency industry, Vice President JD Vance told attendees at the Bitcoin…
Fannie Mae joins Palantir to launch AI-run mortgage fraud unit
Financial giant Fannie Mae (corporate headquarters in Washington, D.C., pictured in July 2008) said Wednesday it will launch an AI-powered unit to detect and prevent…
AI chipmaker Nvidia to report first-quarter earnings on Wednesday
May 28 (UPI) -- Nvidia officials have scheduled a 5 p.m. EDT first-quarter earnings report that many expect to reflect the Trump administration's restrictions on…
‘Tidal wave’: How 75 nations face Chinese debt crisis in 2025 | Business and Economy News
Many of the world’s poorest countries are due to make record debt repayments to China in 2025 on loans extended a decade ago, at the…
23andMe to voluntarily delist from Nasdaq, deregister with SEC
23andMe announced Tuesday it will voluntarily delist from the Nasdaq and deregister with the U.S. Securities and Exchange Commission after filing for Chapter 11 bankruptcy…
Salesforce agrees to buy Informatica for $8B
May 27 (UPI) -- Officials at San Francisco-based Salesforce have agreed to pay $8 billion to buy tech firm Informatica. Informatica is a data management…
Walmart fined for shipping ‘realistic’ toy guns to New York
May 27 (UPI) -- Retailer Walmart will pay a $16,000 fine for shipping realistic toy guns to New York buyers in violation of state law,…
Why are the US and EU struggling to reach a trade deal? | Business and Economy News
US President Donald Trump has backed away — for now — from imposing steep levies on the European Union, two days after he threatened the…
Art for art's sake, or the president's?
The Trump administration's decision to rescind or terminate National Endowment for the Arts grants is not only a threat to the survival of arts organizations.…
4 former Volkswagen managers convicted in ‘dieselgate’ fraud
May 26 (UPI) -- A German court convicted four former Volkswagen managers of fraud on Monday and a decade after "Dieselgate" exposed deceptive devices installed…
Volvo to cut 3,000 jobs amid trade uncertainty | Business and Economy
The layoffs come days after US President Donald Trump threatened 50 percent tariffs on EU goods.Swedish automaker Volvo is set to cut 3,000 white-collar jobs…
Treasury, State Department ending Syrian sanctions to speed recovery
May 24 (UPI) -- President Donald Trump's administration is lifting sanctions on war-torn Syria, with the goal of speeding recovery and reconstruction efforts in the…
U.S. firm RedBird Capital reaches deal to purchase Britain’s Telegraph Media Group
U.S. investment firm RedBird Capital on Friday announced it has reached a deal to be the sole owner of Britain's Telegraph Media Group. File Photo…
Trump threatens 25% tariff on iPhones made outside of United States
May 23 (UPI) -- President Donald Trump on Friday threatened tariffs against Apple on iPhones that are manufactured outside of the United States. Trump said…