Trump’s tariffs are failing, but the old model won’t save us either | Business and Economy
On May 12, the United States and China announced that they are putting reciprocal tariffs on pause for 90 days. Some tariffs will be retained while…
Trump administration eyes regional tariffs as global deal deadline looms
Treasury Secretary Scott Bessent, pictured speaking last month during a Congressional hearing, on Sunday called the Moody's downgrading of the United States' credit rating a…
It’s Universal vs. Disney in an epic ‘prize fight’ for theme park dominance in Florida
The theme park rivalry in Orlando, Fla. is heating up.This week, Universal will open its latest park, Epic Universe, a reportedly $7 billion bet for…
‘Eat the tariffs,’ Trump tells Walmart and China
May 17 (UPI) -- A recent Walmart earnings report citing tariffs aa a potential reason for raising prices promoted President Donald Trump to tell the…
Moody’s becomes final credit agency to downgrade U.S. debt rating
May 17 (UPI) -- Moody's Ratings downgraded U.S. debt, becoming the last of the three major credit rating agencies to move in that direction. The…
Novo Nordisk CEO will step down amid falling share price and ‘recent market challenges’
Novo Nordisk CEO Lars Fruergaard Jorgensen is stepping down per mutual agreement with the company. The company said Friday he will continue as CEO for…
Charter, Cox Communications merger valued at $34.5B
May 16 (UPI) -- Charter Communications, one of the largest telecommunications companies in the United States, announced a merger Friday with privately held Cox Communications…
In surprise move Wegovy-maker Novo Nordisk ousts CEO amid sagging sales | Business and Economy News
Days earlier, Novo Nordisk cut its sales and profit forecast for first time since the launch of Wegovy four years ago.Wegovy-maker Novo Nordisk has pushed out CEO…
Contributor: Lower-court judges have no business setting the law of the land
On Thursday, the Supreme Court heard oral arguments in the case of Trump vs. CASA Inc. Though the case arises out of President Trump’s January…
What do the Gulf states gain from the US president’s historic visit? | Business and Economy
US President Donald Trump hails deals during his three-country tour of the Gulf region.United States President Donald Trump has signed several economic deals on his…
FTC chairman says agency will do more with less in 2026
May 15 (UPI) -- Federal Trade Commission Chairman Andrew Ferguson said the agency will do more to promote economic activity and protect consumers than it…
Can the US and China end their trade war? | Business and Economy
The US and China have agreed to slash tariffs temporarily in a surprise breakthrough.The United States and China have surprisingly agreed to a dramatic de-escalation…
US DOJ investigates UnitedHealth for alleged Medicare fraud: Report | Business and Economy
The United States Department of Justice (DOJ) is carrying out a criminal investigation into UnitedHealth Group for possible Medicare fraud. The Wall Street Journal (WSJ)…
New U.S. ambassador, former senator and business executive David Perdue, arrives in China
BEIJING — The new U.S. ambassador to China, former senator and business executive David Perdue, arrived in Beijing on Thursday, just days after China and the U.S.…
More than 1,000 Starbucks employees strike as dress code goes into effect
May 15 (UPI) -- More than 1,200 Starbucks employees launched a strike this week as the company has enforced a new dress code. The Starbucks…
Boeing secures landmark deal with Qatar Airways as Trump deepens Gulf ties
ADVERTISEMENTBoeing has secured a historic deal with Qatar Airways, as part of US President Donald Trump’s regional trade drive. Shares in the largest US aerospace…
L.A. council backs $30 minimum wage for tourism workers, despite industry warnings
The Los Angeles City Council voted Wednesday to approve a sweeping package of minimum wage increases for workers in the tourism industry, despite objections from…
Whoopi Goldberg to launch tea during N.Y. cannabis industry event
Whoopi Goldberg attends the "Night with Whoopi" event in Venice Beach, Calif., on July 20. She will promote her Whoop-Tea cannabis drink at the Cannabis…
Delivery driver pleads guilty to stealing $2.5m from DoorDash | Business and Economy
US federal prosecutors say defendant and co-conspirators got the company to pay for deliveries that never occurred.A former food delivery driver pleaded guilty to conspiring…
Analysis: Korea’s private equity firm MBK Partners faces growing troubles
May 13 (UPI) -- South Korean prosecutors raided the country's two rating agencies Monday to investigate suspicions surrounding the bond issuance of Home Plus, the…