Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Governance

Thu, Oct 08, 2026 08:18 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Trump Calls for 10% Credit Card Interest Rate Cap Starting 2026

Jan 10, 2026 02:08 am UTC| Politics Governance Business

U.S. President Donald Trump has renewed attention on consumer finance policy after publicly calling for a one-year cap on credit card interest rates at 10%, set to begin on January 20, 2026. The announcement, made via his...

U.S. Judge Blocks Trump Administration’s $10 Billion Federal Funding Freeze to Democratic States

Jan 10, 2026 02:01 am UTC| Politics Law Governance

A U.S. federal judge has temporarily blocked the Trump administration from freezing more than $10 billion in federal funding for childcare and family assistance programs in five Democratic-led states, marking a significant...

Trump Orders $200 Billion Mortgage Bond Purchases to Lower Housing Costs

Jan 09, 2026 05:25 am UTC| Politics Economy Governance

U.S. President Donald Trump announced that he has instructed his representatives to purchase $200 billion in mortgage-backed securities (MBS) through Fannie Mae and Freddie Mac, a move he says is aimed at lowering mortgage...

Trump Administration Launches New DOJ Division to Fight Nationwide Fraud

Jan 09, 2026 05:12 am UTC| Politics Governance

The administration of U.S. President Donald Trump announced the creation of a new division within the U.S. Department of Justice aimed at combating what the White House described as widespread and systemic fraud across the...

EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content

Jan 08, 2026 12:33 pm UTC| Business Technology Governance

The European Commission has ordered Elon Musks social media platform X, formerly known as Twitter, to retain all internal documents and data related to its built-in artificial intelligence chatbot, Grok, until the end of...

U.S. DOT Withholds $160 Million From California Over Commercial Driver’s License Dispute

Jan 08, 2026 03:07 am UTC| Politics Governance

The U.S. Department of Transportation (USDOT) announced it is withholding $160 million in federal transportation funding from California, citing the states failure to cancel more than 17,000 improperly issued commercial...

Trump Administration Moves to Withdraw U.S. from Dozens of UN and International Organizations

Jan 08, 2026 02:18 am UTC| Politics Governance

U.S. President Donald Trump announced that the United States will withdraw from dozens of international and United Nations-affiliated organizations, citing concerns that many of them operate against U.S. national...

81 82 83 84 85 86 87 88 89 90

Economy

Wall Street Falls as Oil Prices Rise and Tech Stocks Slide

Wall Street stocks declined for a second consecutive session on Thursday as rising oil prices, Treasury market volatility, and concerns over OpenAIs revenue outlook weighed on investor sentiment. At 13:07 ET, the SP 500...

Oil Prices Trim Gains After Trump Rules Out Iran Strikes Before Midterms

Oil prices reduced earlier gains on Thursday after U.S. President Donald Trump announced that Washington would not launch military strikes against Iran before the November 3 midterm elections, easing concerns over further...

Iran Refuses to Halt Uranium Enrichment Amid US Nuclear Demands

Iran has reaffirmed its refusal to suspend uranium enrichment or surrender its uranium stockpile, escalating tensions with the United States as diplomatic efforts continue to end the ongoing conflict and reopen the Strait...

Gold Prices Rise as Hormuz Tensions Fuel Inflation Risks

Gold prices moved higher on Thursday, recovering from their lowest level since early August as renewed tensions around the Strait of Hormuz increased concerns over energy supplies and inflation. Expectations that the...

Oil Prices Rise as Gulf Hurricane and Middle East Supply Risks Mount

Oil prices climbed on Thursday as traders assessed potential supply disruptions from a strengthening storm along the U.S. Gulf Coast and persistent geopolitical tensions in the Middle East. Brent crude futures for December...

Politics

Zelenskiy Criticizes US as Russian Strikes Kill 78 in Ukraine

Ukrainian President Volodymyr Zelenskiy accused the United States of failing to provide sufficient support after Russian airstrikes killed 78 people and injured 215 across Ukraine over two days, intensifying tensions over...

ICC Rules Duterte Fit to Stand Trial in Drug War Case

The International Criminal Court (ICC) has ruled that former Philippine President Rodrigo Duterte is medically fit to stand trial, clearing a major legal hurdle ahead of proceedings scheduled to begin on November 30. The...

Berlin Coalition Talks Advance After Left Party Antisemitism Deal

Germanys Left Party has agreed to new measures addressing antisemitism, clearing a major obstacle to coalition negotiations with the Social Democrats (SPD) and Greens following Berlins September 20 state election. The...

Marco Rubio Warns Russia-Ukraine War Could Spark Wider Conflict

U.S. Secretary of State Marco Rubio warned Thursday that the ongoing Russia-Ukraine war has reached a dangerous stalemate, raising concerns about further military escalation and the possibility of a broader regional...

Italy Approves Electoral Reform Ahead of 2027 Election

Italys parliament has approved a controversial electoral reform backed by Prime Minister Giorgia Meloni, introducing major changes to the countrys voting system ahead of the 2027 general election. The lower house passed...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

OpenAI Annualized Revenue Hits $50 Billion, Below Earlier Estimates

OpenAIs annualized revenue reached approximately $50 billion by the end of September 2026, significantly below the $70 billion previously reported to investors, according to financial documents reviewed by the Financial...

Oracle Uses Trucked Natural Gas to Power AI Data Centers Amid Pipeline Delays

Oracle Corp. is transporting natural gas by truck to several data centers across the United States as delays in pipeline construction threaten the companys artificial intelligence infrastructure expansion plans, Bloomberg...

Apple Names Steve Smith M&A Chief in Leadership Shakeup

Apple Inc. is making significant changes to its executive leadership, appointing Steve Smith as its new head of mergers and acquisitions (MA) as the technology giant continues restructuring its management team under newly...

Anthropic Launches Claude Dashboards and Motion AI Tools

Anthropic has introduced two new artificial intelligence tools, Claude Dashboards and Claude Motion, expanding its workplace productivity offerings as competition intensifies among AI companies seeking to attract business...

US Suspends Microsoft, Adobe From Green Card Program

The U.S. government has suspended Microsoft, Adobe, and several major IT companies from a federal employment-based green card program as the Trump administration intensifies scrutiny of foreign worker hiring practices....