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Today: December 21, 2024
Today: December 21, 2024

Economy

Business|Economy|US

Retailer Party City files for bankruptcy, will wind down 700 stores

Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in the United States on Saturday for the second time in two

Retailer Party City files for bankruptcy, will wind down 700 stores
Asia|Economy|Political|World

Kazakh president replaces deputy prime minister, decree shows

Kazakh President Kassym-Jomart Tokayev replaced his deputy prime minister, who also served as economy minister, by presidential decree on Saturday.

Kazakh president replaces deputy prime minister, decree shows
Asia|Business|Economy

Honda and Nissan consider mutual production of vehicles, Kyodo reports

Honda and Nissan are considering producing vehicles in one another's factories as part of their plan to deepen ties, news agency Kyodo reported on Saturday without citing sources.

Honda and Nissan consider mutual production of vehicles, Kyodo reports
Economy|Finance|Political|US

US Senate approves Social Security change despite fiscal concerns

The U.S.

US Senate approves Social Security change despite fiscal concerns
Economy|US

Farmers are still reeling months after Hurricane Helene ravaged crops across the South

Farmers in Georgia are still reeling more than two months after Hurricane Helene blew away cotton, destroyed ripened squash and cucumbers and uprooted pecan trees and timber

Farmers are still reeling months after Hurricane Helene ravaged crops across the South
Americas|Economy|Environment|Political

El Salvador president proposes bill to overturn metals mining ban

El Salvador's Congress will begin debating a bill on Saturday from President Nayib Bukele that would overturn a 2017 national ban on metals mining, the head of the president's

El Salvador president proposes bill to overturn metals mining ban
Economy|Political|US

Government funding difficulties create gloom for federal workers before Christmas

Johnny Zuagar says he’s tried to hide his worries about a potential government shutdown from his three boys as he weighs how much to spend on Christmas presents

Government funding difficulties create gloom for federal workers before Christmas
Business|Economy|Political|US

Amazon and Starbucks workers are on strike. Trump might have something to do with it

Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract

Amazon and Starbucks workers are on strike. Trump might have something to do with it
Economy|Political|US

Mike Johnson to Elon Musk: ‘You want to be Speaker?'

Speaker of the House Mike Johnson (R-LA) spoke to reporters just after the House passed a funding bill hours before a deadline to avert a federal government shutdown.

Mike Johnson to Elon Musk: ‘You want to be Speaker?'
Asia|Business|Economy|Political|World

North Korea's Kim Jong Un calls for stronger rural economies, state media says

North Korean leader Kim Jong Un called to step up development of the country's industrial production in regions outside Pyongyang to strengthen rural economies, state media KCNA said

North Korea's Kim Jong Un calls for stronger rural economies, state media says
Business|Economy|Political|US

US wins Mexico GM corn dispute case as panel finds curbs not science-based

A trade-dispute panel ruled on Friday that Mexico's restrictions on U.S. genetically modified corn exports violate the U.S.-Mexico-Canada Agreement, handing the

US wins Mexico GM corn dispute case as panel finds curbs not science-based
Business|Economy|Finance|Political|US

Fed's Barr seeks legal advice amid speculation Trump might remove him, sources say

Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to

Fed's Barr seeks legal advice amid speculation Trump might remove him, sources say
Business|Economy|Finance|Political|Stock Markets|US

US government shutdown showdown creates another investor worry

The messy process of trying to avert a U.S. government shutdown offers investors a glimpse into challenges the incoming Trump administration will face in

US government shutdown showdown creates another investor worry
Business|Economy|Political|Travel|US

US government shutdown could cost travel sector $1 billion per week, disrupt holiday travel

A partial government shutdown could cost the U.S. travel industry $1 billion per week and lead to widespread disruptions for travelers, a trade group

US government shutdown could cost travel sector $1 billion per week, disrupt holiday travel
Business|Economy|Finance|Stock Markets|US

LNG producer Venture Global files for IPO on NYSE

Venture Global, one of the largest producers of liquefied natural gas in the United States, on Friday filed for what could be one of the largest initial public offerings globally next year.

LNG producer Venture Global files for IPO on NYSE
Business|Economy|Europe

VW, union agree to cut 35,000 jobs in Germany, avert strikes

Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last-gasp deal between Europe's top carmaker

VW, union agree to cut 35,000 jobs in Germany, avert strikes
Business|Economy|Finance|US

US business equipment borrowings up more than 8% y/y in November, ELFA says

U.S. companies borrowed 8.7% more to finance equipment investments in November compared with the same period a year earlier, the Equipment Leasing and Finance Association said on Friday.

US business equipment borrowings up more than 8% y/y in November, ELFA says
Americas|Business|Economy

Argentina economic activity down 0.7% in October, beating expectations

Argentina's economic activity fell 0.7% in October compared with the same month a year earlier, the fifth consecutive month the economy has contracted in year-on-year terms,

Argentina economic activity down 0.7% in October, beating expectations
Business|Economy|Entertainment|US

Winning numbers drawn as Mega Millions Jackpot grows to nearly $1 billion

Winning numbers drawn as Mega Millions Jackpot grows to nearly $1 billion

Winning numbers drawn as Mega Millions Jackpot grows to nearly $1 billion
Business|Economy|Europe

The main points of Volkswagen's deal with unions on German sites and jobs

Here are the main points of a deal struck on Friday between Volkswagen and unions on the carmaker's German sites and jobs.

The main points of Volkswagen's deal with unions on German sites and jobs
Business|Economy|US

Big Lots conducts going-out-of-business sales after sale of company falls through

Discount chain Big Lots is conducting going-out-of-business sales at its remaining locations after a sale of the company didn’t materialize

Big Lots conducts going-out-of-business sales after sale of company falls through
Americas|Economy|Finance|Political

Colombia's central bank delivers smaller rate cut than expected

Colombia's central bank on Friday cut its benchmark interest rate by 25 basis points to 9.50%, a smaller move than expected by markets, as it

Colombia's central bank delivers smaller rate cut than expected
Business|Economy|Finance|Stock Markets|US

Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say

Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, a smaller U.S. producer with operations in basins including the Permian and Eagle Ford,

Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
Business|Economy|Europe|Political|US

Trump adds Europe to the list of US trade partners he's threatening with tariffs

President-elect Donald Trump is threatening to add the 27 countries that make up the European Union to the list of trade partners he'll place tariffs on — unless the group takes steps to import more U.S. goods

Trump adds Europe to the list of US trade partners he's threatening with tariffs