Browsing: Business

Gold prices edged higher as investors turned to safe-haven assets ahead of the Jackson Hole symposium and amid ongoing geopolitical tensions.

Electricity prices across the U.S. have surged 25% since 2020, far outpacing inflation and putting pressure on households already strained by high living costs.

Rising job losses, weak payroll growth, and a drop in durable goods spending are amplifying fears that the U.S. economy is teetering on the edge of recession.

Standard Chartered stock fell 7% after calls for a new probe into possible sanctions evasion days before its deferred prosecution agreement expires.

Intel stock surged after reports that the Trump administration may take a stake in the chipmaker, aiming to accelerate U.S. chip manufacturing leadership.

Gold surged to a record $3,534 as US tariffs, labor weakness, and geopolitical risks pushed investors to seek safe-haven assets amid growing economic concerns.

Bullish stock doubled its IPO price to $78, riding crypto momentum and institutional demand, with early trades valuing the firm above $10 billion.

Treasury data reveals national debt exceeding $37 trillion, accelerating due to pandemic-era spending and recent tax and defense packages.

Perplexity AI has offered $34.5 billion for Google Chrome amid an antitrust push, aiming to control the browser as Google faces court-ordered changes.

Do Kwon, the South Korean entrepreneur behind the collapse of the TerraUSD and Luna cryptocurrencies, has pleaded guilty in a United States federal court to two counts of conspiracy to defraud and wire fraud. The plea marks a major development in a case stemming from one of the most significant failures in the cryptocurrency sector, which wiped out an estimated $40 billion in market value in 2022. Kwon, 33, appeared before Judge Paul Engelmayer in a Manhattan courtroom on Tuesday, reversing his earlier not-guilty plea. He admitted to knowingly misleading investors about the stability of TerraUSD, a so-called stablecoin that was intended to maintain a $1…