A group of the country’s top economic leaders, including every living former Federal Reserve chair, filed an amicus brief with the Supreme Court on Thursday in support of Fed governor Lisa Cook, who President Donald Trump is seeking to remove. The group, led former central bank chiefs Alan Greenspan, Ben…
Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever. Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben…
Israeli Prime Minister Benjamin Netanyahu delivered a defiant address at the United Nations General Assembly on Friday, insisting that Israel will continue its military operations against Hamas in Gaza despite mounting international criticism. The speech, which drew walkouts from dozens of delegates and widespread protests outside the UN, came amid…
Friday’s developments spanned trade disputes, political shifts, and international diplomacy, underscoring the challenges facing Europe’s economies and governments. The European Union and Japan sought reassurances over US tariffs, Germany’s truckmakers took a hit from fresh duties, Nigel Farage’s Reform UK gained momentum in polling, and Britain strengthened ties with Canada.EU…
A new and dangerous flaw has sent a fresh shockwave through the German auto giant BMW AG, forcing it to recall at least 331,000 vehicles in the latest chapter of a deepening and costly quality control crisis. The move, prompted by a defect in the starter motor that can lead…
Investors are choosing caution on Costco Wholesale Corp (NASDAQ: COST) this morning even though the membership-only big-box retailer came in ahead of Street estimates for its fiscal Q4.Including today’s decline, COST shares are down nearly 15% versus their year-to-date high.Why did Costco stock tumble after Q4 earnings?While the headline numbers…
Shares of Swedish buy-now-pay-later firm Klarna Group Plc fell below their initial public offering (IPO) price for the first time on Friday, just weeks after the company’s highly anticipated debut. The digital-payments firm’s stock dropped as much as 7.7% to $38.31, below the $40 IPO price, amid broader weakness in…
A day of significant developments is underway in the corporate world, as a key vice president overseeing one of Amazon’s most ambitious projects steps down, Boeing agrees to resume talks to end a crippling strike, and a new fashion powerhouse is born from a blockbuster collaboration between Nike and Kim…
In a bold and deeply divisive move, Prime Minister Keir Starmer has announced a plan for a mandatory new digital ID for the United Kingdom. Billed as a pragmatic solution to illegal immigration, the proposal has instead ignited a political firestorm, sparking fierce opposition and raising profound questions about civil…
US markets closed higher on Friday as investors weighed fresh inflation data, weakening consumer sentiment, and mixed corporate developments. Tesla shares edged up on optimism over its artificial intelligence and robotics expansion, while Toyota issued a recall for its Supra vehicles. Meanwhile, President Donald Trump signaled progress toward a potential…