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Economy

Economy

A flagging U.S. industry looks for new life in a Philadelphia shipyard

July 18, 2025
The U.S. shipbuilding industry is looking for help. A South Korean company is answering the call. Hanwha Philly Shipyard CEO David Kim,…
Economy

Inflation picks up again in June as tariffs slowly work their way through U.S. economy

July 17, 2025
Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy. The consumer…
Economy

Jerome Powell asks inspector general to review Fed’s $2.5B renovation project

July 15, 2025
The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House,…
Economy

Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat

July 14, 2025
LONDON/NEW YORK, July 11 (Reuters) – Suppliers to Walmart WMT.N have delayed or put on hold some orders from garment manufacturers in…
Economy

OpenAI to release web browser in challenge to Google Chrome

July 11, 2025
SAN FRANCISCO — OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar…
Economy

Sports executive charged with bid-rigging in Texas arena project

July 11, 2025
Oak View Group CEO Tim Leiweke was indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop,…
Economy

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

July 11, 2025
President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he…
Economy

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

July 11, 2025
What’s “Froot Loops” in Italian? The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American…
Economy

Trump’s tariffs on Brazil could make your coffee even more expensive

July 11, 2025
President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green…
Economy

Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

July 10, 2025
Amazon is extending its annual Prime Day sales and offering new membership perks to Gen Z shoppers amid tariff-related price worries and…
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