OPEC+ announces surprise oil production cut that could lead to higher prices at pump
A group of OPEC and OPEC+ countries led by Saudi Arabia, Iraq and UAE announced voluntary oil production cuts of more than 1 million barrels per day in a surprise move.
Swiss federal prosecutors open investigation into Credit Suisse takeover
Switzerland's top prosecutor is opening an investigation into the UBS Group's acquisition of Credit Suisse, a storied institution facing complete collapse despite bailouts.
US dollars’ global ‘domination’ is ‘drifting’ away: John Carney
Breitbart economics editor John Carney provides expert analysis of the growing concern over a global shift from the U.S. dollar’s historically strong valuation.
Bloomberg unveils finance-focused AI model Bloomberg GPT
Bloomberg, a leading business and financial information company, has unveiled a new artificial intelligence (AI) learning model called BloombergGPT, which will assist financial professionals with a variety of natural language-processing tasks.
Wrestling legend Ric Flair launches new cannabis company: Edibles changed my life
Pro wrestling icon Ric Flair and co-founder of ‘Drip Cannabis’ Chad Bronstein share why they launched a cannabis company on 'Kennedy.'
McDonald's shares hit all-time high
Shares of McDonald’s are extending gains after closing at a record high on Thursday following analyst upgrades.
Silicon Valley Bank: What we learned, what’s next after the collapse
Silicon Valley Bank's collapse is prompting scrutiny of the bank's poor risk management and regulators' failure to get the bank to change course before its implosion.
Mark Wahlberg's new role pumps up stock of fitness company
Shares for F45 Training Holdings are up following the company’s announcement to add Tom Dowd as CEO and Hollywood actor and producer Mark Wahlberg as Chief Brand Officer.
Wall Street bonuses fall 26% on inflation, rising rates
After rising interest rates and fear of a recession mounted in 2022, Wall Street bonuses fell 26%.
Brazil, China strike trade deal agreement to ditch US dollar
Brazil and China have reached an agreement to ditch the U.S. dollar in favor of using their own currencies for transactions, a move that officials say will save both sides costs.
Raytheon awarded $1.2 billion contract to make Patriot missile defense systems for US Army, Switzerland
The Pentagon awarded Raytheon a $1.2 billion contract to produce additional Patriot surface-to-air missile systems for the U.S. Army and Switzerland's military.
Credit Suisse helping rich Americans evade taxes: report
Credit Suisse accused of concealing over $700M from government amid rescue takeover from rival UBS and helping rich Americans evade taxes.
Ukrainian refugees fill US jobs, housing a year after Russian invasion
The Department of Homeland Security says nearly 300,000 Ukrainian refugees now call America home a year after Russia's invasion. Many work long hours to send money back to family.
US surpasses Russia as Europe’s top supplier of crude oil
The European Union imported more oil from the U.S. than Russia in December 2022, marking the EU's shift away from Russian energy following its invasion of Ukraine.
Russian oil rerouted to ‘friendly’ countries at no decrease in sales, officials claim
Russian officials say they have rerouted all oil exports to "friendly" countries at no loss to revenue but expect 2023 to be a more challenging year as Western sanctions bite.
Consumer confidence rebounds amid inflation, bank crisis
A survey from the Conference Board on Tuesday showed the Consumer Confidence Index went up in March, rising to 104.2 from 103.4 in February.
House passes bipartisan bill to revoke China’s ‘developing country' status
The House passed the PRC Is Not a Developing Country Act on Monday to strip China's designation as a "developing country" in international organizations like the WTO.
Australian travelers warn about Apple AirTag tracker placed in luggage in Bali: report
An Australian couple that traveled to Bali in Indonesia discovered an Apple AirTag had been placed in one of their bags, leading them to change their plans.
Manufacturers want US to expand trade ties with Europe: survey
A majority of American manufacturers want the U.S. to deepen economic ties with European countries through market-opening trade agreements, according to the NAM's outlook survey.
Fed’s Barr calls Silicon Valley Bank a ‘textbook case of mismanagement’
The FDIC announced on Monday that First Citizens Bancshares Inc. is acquiring large pieces of SVB more than two weeks after the lender’s collapse caused turmoil in the banking system.