Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy. Jimin Kim / SOPA Images/Reuters Saks Global has filed for Chapter 11 bankruptcy protection. The luxury ...
According to Customs data, the surplus was boosted by trade gains in December, with exports climbing 6.6% from the year before, better than economists’ estimates and higher than November’s 5.9% year-o...
White House economic advisor Kevin Hassett (left) and former Fed Gov. Kevin Warsh are leading prediction market odds for the likehood of becoming President Donald Trump's pick to lead the Federal Rese...
Tesla CEO Elon Musk unveils the Cybertruck at an event in 2019. FREDERIC J. BROWN/AFP via Getty Images Things are not looking great for Elon Musk's Cybertruck. Tesla sold just over 20,000 of the "...
Jerome Powell, a particularly mild-mannered speaker, slammed recent attempts to intimidate his department. Li Yuanqing/Xinhua via Getty Images The DOJ is probing Jerome Powell over his congressional t...
China's trade has reached a "new historical high" in 2025 and Beijing plans to 'open more' in 2026 as Trump's tariffs force producers to push their products in alternative markets....
China’s exports defied a turbulent year of trade tensions to perform better than expected in 2025, cementing a record US$1.19 trillion annual surplus as manufacturers diversified markets to offset a s...
British Airways announced a deal with Starlink in November. Courtesy of British Airways Lufthansa is the latest airline to sign up for Elon Musk's Starlink WiFi. 31 carriers have announced deals for t...
Powell typically abstains from directly engaging with Trump's personal attacks. Al Drago/Getty Images The world's most senior bankers have rallied around embattled Federal Reserve Chair Jerome Powell....
Ethereum could narrow its performance gap with Bitcoin in 2026 as capital rotates and on-chain activity improves, Decrypt was told....
The cab to a Ford all-electric F-150 Lightning truck prototype is seen on an automated guided vehicle (AGV) at the Rouge Electric Vehicle Center in Dearborn, Michigan back in 2021. Rebecca Cook/REUTER...
UBS Group conveyed a sanguine outlook on Chinese stocks in 2026, as the world’s second-largest economy proved to be an important alternative for global investors seeking to diversify away from US equi...
Surging mainland Chinese investment in Hong Kong’s commercial real estate sector has helped set the stage for a “measured recovery” in 2026, according to Colliers. Investment from the mainland rose to...
French farmers steered some 350 tractors on January 11 toward French Parliament to protest low incomes and an EU trade deal with South America that they fear threatens their livelihoods. They say thei...
China’s central bank strengthened the yuan’s daily fixing for a third consecutive session to a nearly 16-month high, as the currency also held firm in offshore markets despite recent US dollar strengt...
The Bureau of Labor Statistics published the December consumer price index data. Myung J. Chun/Los Angeles Times via Getty Images The inflation rate remained at 2.7% in December, matching expectations...
Lenovo is the top PC manufacturer worldwide. The PC market is bracing for a turbulent year ahead , but shipments managed to exceed expectations in the recent holiday quarter. IDC reports that shipment...
Around 10 percent of Meta's Reality Labs division, which develops its XR products and services, will be laid off beginning on Tuesday, as reported by Bloomberg . Meta spokesperson Tracy Clayton confir...
Crucial budget talks are resuming in French parliament, as MPs have failed to secure the 2026 budget in time last year. President Emmanuel Macron has brandished the threat of dissolution in case parti...
Delta's 787 order reinforces its push for premium long-haul revenue. Delta Air Lines Delta is the last of the legacy carriers to order the popular Boeing 787 Dreamliner. The 787-10 variant offers impr...