Economy
US Tech Windfall Redirects AI Investment to Asian Component Firms
Billions from SpaceX, OpenAI, and Anthropic are set to drive new tech spending, shifting investor focus to Asian electronic component makers and...
Economy 240 articles
Economy
Trump Administration Moves to Block Broad Tariff Refunds
The Trump administration plans to appeal a federal judge's order that would allow all importers who paid struck-down tariffs to seek refunds,...
Economy
Norway’s Oil Grip Tightens Amid Global Crises
Geopolitical instability and soaring energy prices are reinforcing Norway's reliance on oil and gas, undermining long-standing efforts to diversify its economy.
Economy
US Jobless Claims Edge Up to 215,000, Layoffs Stay Low Amid Geopolitical Strain
Initial US jobless claims increased to 215,000 last week, yet overall layoffs remain historically low despite economic uncertainty fueled by the Iran...
Economy
One in Six Young People Face Jobless Future, Report Warns
A major review warns one in six young people will be out of work or training in five years, citing systemic failures...
Economy
Gold Holds Loss as US-Iran Deal Hopes Contend With Inflation Fears
Gold held losses as fresh Persian Gulf clashes tempered US-Iran peace deal prospects, reinforcing concerns that inflation could keep interest rates elevated....
Economy
Gold Dips as Hormuz Strikes Cloud Iran Talks, Fuel Inflation Fears
Gold fell 0.7% to $4,540 an ounce after US strikes in the Strait of Hormuz tempered Iran talks optimism, keeping inflation risks...
Economy
US Teens Face Toughest Summer Job Market Since 1948
Teenage job-seekers are projected to encounter the most challenging summer employment landscape since 1948, driven by inflation and soaring fuel costs. Employers...
Economy
Consumer Sentiment Hits Record Low as Iran Conflict Fuels Inflation Fears
U.S. consumer sentiment plummeted to a new low of 44.8 in May, driven by high gas prices and escalating inflation concerns linked...