BusinessOil Jumps for Fourth Straight Day and Diesel Nears Record High
This week’s renewed strikes by the United States and Iran strain the flow of energy and diminish expectations the disruption will end soon.
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Business·1 month ago
BusinessWhy the Courts Struggle to Tame Big Tech
After finding antitrust violations, federal courts have been reluctant to impose harsh sanctions. They fear meddling in markets where technology is racing ahead.
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BusinessAt G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap Exports
Treasury Secretary Scott Bessent accused China for flooding the world with its cheap exports.
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BusinessMissouri Voters Appear to Recall City Councilman Over Data Center Support
Initial results showed that residents of Independence, Mo., voted overwhelmingly to recall an authority who backed billions of dollars in tax breaks for a data center.
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BusinessShein’s Lackluster Debut Shows a Fast-Fashion Model Left Behind
Squeezed by new trade rules, shrinking market share and labor concerns, Shein’s share decline in Hong Kong on Tuesday is a sign investors have moved on.
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BusinessBond Sell-Off Threatens to Squeeze Borrowers Around the World
Authorities bond yields are hitting multi-decade highs, reflecting anxiety about debt levels, deficits and inflation. The effects will extend to mortgages, business loans and other types of credit.
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BusinessShein’s Lackluster Debut Shows a Fast-Fashion Model Left Behind
Squeezed by new trade rules, shrinking market share and labor concerns, Shein’s share decline in Hong Kong on Tuesday is a sign investors have moved on.
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BusinessDonald Trump Jr.’s Firm Leads $1 Billion Funding Round for Polymarket
The new round values the prediction market at $21 billion, up from $15 billion. Mr. Trump’s firm, 1789 Capital, will invest around $300 million.
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BusinessGlobal Oil Price Rises to $90 a Barrel After U.S. and Iran Trade Attacks
The first attacks in a month jolted energy markets. The average U.S. gasoline price remained 37 percent higher since the war began.
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BusinessG20 Finance Officials Gather in U.S. as Iran War Grips Global Economy
The meeting is forecasted to focus on the ongoing economic shock from the war in Iran, which has driven up oil prices globally.
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BusinessA Half-Price Luxury E.V. Comes With a Big Asterisk
The Polestar 4 is a solid car, and current incentives make it a bargain. But the company, a Chinese-owned brand, is being forced from the U.S. market.
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BusinessDolly Parton’s Other Legacy: A Fortune Given Away, Dollar by Dollar
The territory star supported early childhood literacy, disaster relief, the development of the Covid-19 vaccine and more.
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