WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit […]
(Bloomberg) — President Donald Trump attacked US cattle ranchers over their criticism of his plan to slash record beef prices by importing significantly more tariff-free meat from Argentina, deepening a quarrel with a group of reliable supporters and raising concerns among ranch-state Republican lawmakers. Trump on Wednesday said that cattlemen should be grateful for his […]
Tesla (TSLA) stock went on a tear to end the third quarter, erasing early 2025 losses as investors bet on the firm’s AI-related ambitions. A strong sales quarter and a detente between CEO Elon Musk and former BFF President Trump also helped, but the question remains whether Tesla’s sky-high valuation will continue to defy gravity. […]
LAS VEGAS (AP) — A massive virtual arcade located on the Las Vegas Strip filed for bankruptcy after just one year of operation, facing a pending eviction and millions in unpaid claims, court documents show. The Electric Playhouse in Las Vegas, a high-tech gaming and dining center inside a mall at the world renowned Caesars […]
Bitcoin (BTC-USD) jumped Monday to retake the $111,000 level, giving crypto stocks a boost and lifting hopes that this month’s jolt in markets was a speed bump rather than signaling a broader turn in the cycle. “Bitcoin is currently in a re-accumulation phase following its short-term correction, with market sentiment stabilizing and institutional demand remaining […]
President Trump and Australian Prime Minister Anthony Albanese signed the framework of the critical minerals deal Monday that aims to boost US access to both the mining and processing of Australian rare earth resources. It was a move aimed squarely at China — which recently moved to choke off its own rare earth mineral exports […]
WASHINGTON (AP) — China likes to condemn the United States for extending its arm too far outside of its borders to make demands on non-American companies. But when it sought to hit back at the U.S. interests this month, Beijing did exactly the same. In expanding export rules on rare earths, Beijing for the first […]
(Bloomberg) — Australia’s prime minister is set to pitch his nation’s vast resource holdings as a solution to China’s rare earth curbs at a meeting Monday with President Donald Trump, as the US and other countries scramble to diversify supply of critical minerals. Anthony Albanese is due to meet with Trump at around 11 a.m. […]
New York Watch Week has arrived, and Ulysse Nardin is looking to make a splash. The independent Swiss watchmaker has been around for 180 years, making avant-garde pieces with cutting-edge tech (for mechanical watches) from its factory in Le Locle, situated just outside Bern. But Ulysse Nardin has had a long-standing US presence, starting at […]
After a week of talks dominated by trade spats and geopolitical distrust, finance chiefs were once again left hanging on the outcome of a potential meeting between the leaders of the world’s two largest economies. In Washington, the mood at World Bank and International Monetary Fund gatherings was a mix of relief that US President […]
Americans making over $100,000 a year are boosting the US economy, with industries ranging from travel and the auto industry to packaged foods and even dollar stores feeling the shift. “Our consumer is a high-end consumer … They’re financially strong. They’ve got the means. They’ve got the interest to travel,” Delta Air Lines (DAL) CEO […]
Tesla Inc. shareholders are being urged by proxy adviser Institutional Shareholder Services to vote against Chief Executive Officer Elon Musk’s $1 trillion compensation plan, adding a potential obstacle as the board works to rally investor support. This marks the second year in a row that ISS urged shareholders to vote against a pay package for […]
