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Economy news
4319 storiesDeutsche Bank denies training bankers to manipulate markets
Former commodities trader’s £12mn lawsuit alleges German lender breached a ‘duty of care’
Arnault and LVMH go from buyer to seller as luxury’s winter drags on
LVMH is exploring sales of brands including Marc Jacobs and Fenty in one of the biggest pullbacks in its history
Your Spirit loyalty points are probably worthless now — but these other airlines may match your rewards
Loyal customers who amassed thousands of points through flight purchases and credit-card swipes might not see a penny in compensation for their accumulated rewards.
Iran claims control of strait after clashes test ceasefire
Oil holds on to gains after renewed military strikes threaten month-long truce
US and Iran exchange fire as Hormuz crisis reignites
Oil holds on to gains as Tehran targets UAE and American forces hit Iranian fast boats
US says Iran has not broken ceasefire following clashes over strait
Top Pentagon general says strikes ‘all below the threshold’ of restarting full combat
‘If all six have hantavirus, that’s very worrisome’: This is the key question about the cruise-ship outbreak
A rare form of hantavirus can be spread from person to person, raising concern that the current outbreak is the result of the Andes virus.
Palantir posts its fastest revenue growth ever while calling out ‘AI slop’
Palantir earnings beat expectations on the heels of explosive demand in the company’s core U.S. market.
‘He is constantly criticizing her’: My son-in-law told my daughter to give up her job. Do I intervene?
“In 2025, she made $35,000-$40,000 working as a physical therapist.”
Musk and SEC propose to settle Twitter lawsuit for just $1.5mn
Deal would come at a fraction of the amount regulators originally sought from the world’s richest man
Citigroup sets new rewards structure for banking and wealth referrals
Employees will be paid directly for generating business instead of sharing revenue between the group’s units
Why this bullish stock-market timer is about to flip to bearish
There were enough net decliners on the NYSE for Tom McClellan, editor of the McClellan Market Report, to flip to bearish from bullish.
Spirit Airlines CEO on carrier's collapse: 'We just kind of ran out of runway'
Spirit Airlines shut down before dawn on Saturday ending its run as the most famous U.S. discount airline.
OpenAI president defends motives in for-profit restructuring as he reveals $30bn stake
Lawsuit brought by Elon Musk accuses start-up’s executives of selling out charitable mission for personal gain
Paramount earnings, revenue beat expectations as streaming business offers a boost
Paramount Skydance said it added streaming subscribers during the first quarter even as it instituted its first price hike since 2024.
World Cup fans cry foul over ‘unprecedented’ US transport costs
New Jersey to charge $150 for round trip to MetLife stadium, up from usual fare of $12.90
Novo Nordisk’s Wegovy head start on pills forces investors to rethink Eli Lilly's GLP-1 dominance
Early signs from the launch of Novo Nordisk's Wegovy pill and Eli Lilly & Co.'s Foundayo are making investors rethink the opportunity for GLP-1 pills.
The EU wants to unshackle its economy. For real this time
Eurocrats are belatedly developing a healthy distaste for red tape
Beef prices are near record levels. The DOJ wants to know if something shady is afoot.
The summer grilling season, smaller cattle herds, droughts, wildfires, processing-plant closures and other supply disruptions have helped push meat prices to record highs this…
Amazon is taking on FedEx and UPS. That may not be so simple.
FedEx and UPS shares are falling, but one analyst isn’t sure that Amazon’s new service will have a significantly disruptive effect.
GameStop launches a $56 billion bid for eBay — but the math isn’t working out
While eBay shares are rising, Wall Street is questioning the financial engineering that would be required for GameStop to acquire a company nearly three times its size.
How Chinese carmaker Geely put roots in the U.S.
Chinese company Zhejiang Geely Holding Group has big investments in three automakers already doing business in the U.S.
Your Spirit loyalty points are probably worthless now — but these other airlines may match your rewards
Loyal customers who amassed thousands of points through flight purchases and credit-card swipes might not see a penny in compensation for their accumulated rewards.
‘We’re worried the honey pot will run dry’: Does the government borrow from my Social Security to fund federal programs?
There are many suggestions floating around Washington D.C. on how to fix the program’s imminent funding issues.
Bad government statistics can cost the economy billions
A new study tries to put a number on the value of reliable numbers
How Spirit Airlines' demise will benefit rivals — and raise airfares even more
Spirit Airlines' collapse will give some carriers more pricing power as they race to capture Spirit's customers.
Anthropic and OpenAI are following Palantir’s playbook as they seek to grow AI usage
The artificial-intelligence labs have both finalized new joint ventures that aim to broaden their reach by embedding engineers with customers to offer refined, customized AI…
Here’s just how quickly Micron has risen up the ranks of the top U.S companies
At the start of last year, Micron wasn’t even among the top 100 U.S. companies. Its fortunes have changed dramatically since then.
The oil price crunch is looming
The longer the Strait of Hormuz blockade continues, the more likely a crisis-like adjustment in rich economies becomes
Global oil prices top $114 a barrel on worries over supply disruptions due to renewed Middle East tensions
Global oil prices were surging back above $114 per barrel on Monday, with renewed tensions in the Middle East again at the forefront despite the U.S.-Iranian cease-fire agreed to…
Here’s how much EV drivers say they’re saving on fuel as gas tops $4 a gallon
Electric-vehicle drivers are taking a victory lap as the war in Iran has slowed global oil supplies and pushed up the cost of gasoline.
Trump family crypto venture sues major backer for defamation
World Liberty Financial accusation against Justin Sun comes after he sues firm over alleged fraud
Peter Thiel backs $1bn ocean data centre start-up powered by waves
US tech billionaire leads $140mn investment into Panthalassa as search for AI power pushes into exotic new frontiers
Tesla just hit a ‘symbolic’ self-driving milestone. Real-world success will be tougher.
Tesla has reached the threshold Musk once said would be required to achieve “safe unsupervised self-driving,” but the company still faces various hurdles.
Meet the unsinkable U.S. economy — oil prices are surging, Iran tensions are rising, but it won’t crack
High tariffs, stubborn inflation, government shutdowns, war with Iran, rising oil prices — nothing in the turbulent past year has poked a hole in a seemingly unsinkable U.S.…
Blackstone and Goldman among backers for $1.5bn JV with Anthropic
New consulting company to advise Wall Street groups on how to deploy its AI across their investment portfolios
Alphaville’s tepid takes on GameStop vs eBay
We are highly confident that this could end up a car crash
GameStop is hungry for relevance. Is buying eBay the answer?
GameStop has offered to buy eBay, which has done a better job of adapting to changing consumer preferences.
Oil prices climb after disputed report of Iran strike on U.S. warship
Oil is off to a volatile start to the week on a disputed report of a strike on a U.S. Navy ship in the Strait of Hormuz.
‘We’re all worried the honey pot will run dry’: Does the U.S. government borrow from my Social Security to fund federal programs?
There are many suggestions floating around Washington D.C. on how to fix the program’s imminent funding issues.
Berkshire Hathaway is now sitting on a record $397 billion in cash. And it’s not the only firm reluctant to invest in the stock market.
Berkshire Hathaway has added to a giant pile of cash, and sending a message for investors to be patient.
‘I always did the graveyard shift’: I worked for 54 years. Why on earth would I wait to claim Social Security at 70?
The Committee for a Responsible Federal Budget published a paper suggesting capping Social Security at $100,000 for a married couple.
The California wealth tax has a loophole—here’s how much billionaires could save
California’s billionaire tax has sparked an exodus of some of the state’s wealthiest residents. But for those who remain, there is one loophole that could help them to save…
Iran warns US Navy against entering Strait of Hormuz
Threat follows Donald Trump’s announcement that America would ‘guide’ stranded ships through waterway
GameStop makes unsolicited $56bn offer for eBay
Video game retailer offers $125 a share for resale web giant
Airlines slash flights as fuel shortage fears mount
Millions of seats cut as Middle East crisis throws global travel into disarray
America’s retail army now rules the stock market
Unbowed by the Iran war and other shocks, individual investors are buying their way to new heights of influence
How America’s retail army came to rule the stock market
Unbowed by the Iran war and other shocks, individual investors are buying their way to new heights of influence
Putin hunkers down for fear of assassination
Security around Russia’s president has tightened after Ukraine’s audacious drone attacks