Skirting US sanctions, Iran earning billions from oil exports while Russia, China cash in
Amid efforts to enforce sanctions against Iran, authoritarian regimes like Russia and China and some Western companies are bypassing U.S. sanctions to attend the Iran Oil Show.
US recession remains 'more likely than not,' Deutsche Bank warns
The U.S. economy is likely to tumble into a recession within the next year as inflation remains uncomfortably high, according to Deutsche Bank analysts.
UBS to absorb Credit Suisse's Securities Research offering
UBS will absorb Credit Suisse's Securities Research service later in September, wrapping the business into its own research operations, the bank said in a letter.
Stocks in September may be dicey
For stocks, September is historically one of the worst months on record, followed by an equally rough October. This year, the crosscurrents are a little different for investors.
Robinhood to buy back Bankman-Fried's stake from US government for $605.7M
The shares of Robinhood were seized and subsequently transferred to the custody of the U.S. government after Bankman-Fried's FTX and Emergent filed for bankruptcy protection last year.
GDP growth for Q2 dips on second estimate
Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.
Biden admin seeks to boost tourism, trade with Raimondo's China visit
Commerce Secretary Gina Raimondo is on a four-day trip aimed at boosting trade ties between the U.S. and China amid economic and geopolitical disputes between the two countries.
Consumers want AI to help manage their personal finances: study
A new study by Intuit Credit Karma via Qualtrics found that American consumers want generative artificial intelligence tools to help them manage their personal finances.
True value of US dollar: Strength, fluctuating currencies
The value of the dollar, compared to other currencies, has seen historical fluctuations over the years, with many factors affecting changes in its value.
Subway agrees to sale to Roark Capital, ending nearly 6 decades of family ownership
Sandwich chain Subway has been owned by the families of its founders for nearly six decades, but in February announced it was exploring a possible sale.
Juul Labs ‘substantially reducing headcount’ to save money ahead of litigation settlements
Juuls Labs announced on Wednesday it was ‘saying goodbye to highly valued team members’ to hedge economic and compliance-related headwinds, impacting 250 people on the company’s staff.
Lowe’s, Dick’s Sporting Goods earnings, Fed’s Jackson Hole Symposium, Fox GOP debate top week ahead
Another week of retail earnings is slated on Wall Street, along with fresh reports on existing and new U.S. home sales as well as the Fed's Jackson Hole Symposium.
Maryland man wins big in lottery with 15 identical jackpot tickets
A Maryland resident in Prince George County has won a grand prize of $750,000 after his 15 lottery tickets, each with identical numbers, hit in a single drawing.
Sotheby's added to lawsuit from ‘Bored Apes’ over celebrity-backed NFTs
Sotheby’s Holdings has been named in a lawsuit led by plaintiffs with the Bored Ape Yacht Club against non-fungible tokens (NFT) company Yuga Labs.
Walmart raises outlook as food, online sales boom
Walmart shoppers are doing just that, shopping across the board, which allowed the world's biggest retailer to raise its full-year outlook for profits and sales.
Intel drops multibillion-dollar deal to buy Israeli chipmaker Tower Semiconductor
Intel Corp. scrapped a $5.4 billion deal to acquire contract chipmaker Tower Semiconductor after the merger agreement expired without China giving regulatory approval.
Home Depot customers go big on smaller projects
Home Depot reported second quarter earnings slightly ahead of predictions on Tuesday, despite posting a drop in sales amid slowing demand for larger item purchases and building projects.
Sam Bankman-Fried siphoned $100M stolen from customers into US politics to influence crypto legislation: feds
FTX founder Sam Bankman-Fried is accused through a superseding indictment of using stolen customer funds in a "wide-ranging political influence operation."
Bitcoin gift cards amplifying spending power of crypto
Consumer bitcoin provider Azteco recently announced a $6 million seed funding round at an $84M valuation led by Jack Dorsey as the company introduces Bitcoin gift cards.
Coach owner Tapestry to buy Versace, Michael Kors parent Capri in deal worth $8.5B
Coach parent Tapestry will acquire Capri Holdings for $8.5 billion in cash to create a U.S. fashion house that can compete with larger contemporaries in Europe.



















