Browsing: Business

Affordability challenges continue to shut out U.S. buyers as home prices hit records and mortgage rates hover near 7 percent across much of the USA.

NASA will cut about 20% of its workforce, impacting 3,870 roles, in a major restructuring aimed at boosting operational efficiency and mission focus.

Global auction sales fell 6% in early 2025, sparking concerns that the art market may be entering a deeper structural shift amid rising wealth and digital disruption.

Tesla reported an 11.8% drop in revenue and warned of further volatility ahead as it pivots toward robotaxis and a more affordable EV model.

U.S. Treasury yields rose after jobless claims fell below estimates, highlighting labor market strength while mixed PMI and housing data tempered gains.

Alphabet beats Q2 earnings forecasts with strong cloud and ad growth, lifting capital spending to $85B as AI continues to power enterprise momentum.

In-N-Out’s Lynsi Snyder is moving to Tennessee, citing safety and regulation issues in California as the burger chain opens new offices in Franklin.

Trump’s first visit to the Fed in nearly 20 years signals heightened pressure on Powell, with criticism targeting the central bank’s costly renovations.

Bitcoin slipped to 117900 amid cautious sentiment and profit taking, despite a U.S.-Japan trade deal and new crypto regulations signed into law.

US President Trump announced a new trade deal with Japan, introducing a 15 percent tariff and a claimed US$550 billion Japanese investment.