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

Become a contributor

Bookmark Econotimes

Business

Sat, Jun 27, 2026 02:41 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Nikola Founder Trevor Milton Sentenced to 4 Years in Prison for Fraud

Dec 19, 2023 09:55 am UTC| Business Law

Nikola founder Trevor Milton was sentenced on Monday to four years in prison for deceiving investors about the companys hydrogen and electric truck technology. This sentence is significantly shorter than the 11 years...

Adobe, Figma Toss Out $20B Agreement; Adobe to Pay $1B Breakup Fee After Scrapping the Merger Deal

Dec 19, 2023 09:51 am UTC| Business

Adobe Inc. and Figma Inc. have terminated their merger deal, which is valued at $20 billion. It was reported that the cancellation of the agreement was a mutual decision. Adobe and Figma said on Monday, Dec. 18, that...

Farfetch Receives Crucial Acquisition by South Korea's Coupang, Ensures Stability Amidst Financial Turmoil

Dec 19, 2023 09:44 am UTC| Business

Farfetch, the leading online luxury platform, recently faced tumultuous circumstances during a sluggish luxury market. Matters were exacerbated by MA setbacks and a burdensome cost of debt, pushing the platform to the...

Google Extends Stadia Controller Salvage Operation for an Additional Year

Dec 19, 2023 09:39 am UTC| Business Technology

In a bid to reduce electronic waste and repurpose the Stadia gaming platforms proprietary controllers, Google has extended its Stadia Controller salvage operation for an additional year. The operation, initially set to...

Masonite Door Maker Buys PGT Innovations for $3B

Dec 19, 2023 09:29 am UTC| Business

Masonite International, a well-known designer and manufacturer of interior and exterior doors for both residential and commercial, announced it has acquired PGT Innovations, the market leader for high-performance windows...

Amazon Reportedly in Talks to Invest in Bankrupt Diamond Sports Group

Dec 19, 2023 09:22 am UTC| Business Sports

Amazon is discussing an investment in Diamond Sports Group, a bankrupt company. If the deal comes to fruition, Amazons Prime Video service would serve as the official streaming platform for Diamonds games. The Wall...

KFC’s Indian Operator Devyani International Acquires 274 Stores to Enter Thailand

Dec 19, 2023 08:49 am UTC| Business

KFCs operator in India, Deyvani International Limited, reportedly bought 274 Kentucky Fried Chicken stores in Thailand to enter the Thai market. The largest franchisee for Yum Brands, which also operates Pizza Hut...

1311 1312 1313 1314 1315 1316 1317 1318 1319 1320

Economy

Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms

U.S. President Donald Trump announced on Friday that the United States will impose a 100% tariff on imports from any country that enforces digital services taxes (DSTs) on American technology companies, significantly...

US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated

The U.S. dollar edged lower on Friday, extending its decline for a second consecutive session after a six-day winning streak pushed the greenback to its strongest level since May 2025. Despite the modest pullback, the...

Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen

Gold prices rebounded more than 1% on Friday but still finished the week in negative territory, as renewed expectations of Federal Reserve interest rate hikes and a stronger U.S. dollar continued to pressure the precious...

Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts

Wall Street closed slightly lower on Friday, capping a difficult week for U.S. equities as technology stocks led the decline. With geopolitical tensions easing following diplomatic progress in the Middle East and oil...

South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks

South Koreas benchmark KOSPI index suffered a steep selloff on Friday as investors dumped technology and semiconductor stocks following Apples latest price increases and reports that OpenAI may delay its highly anticipated...

Politics

US Seizes Nearly 400 Illegal World Cup Streaming Domains in Global Anti-Piracy Crackdown

U.S. authorities have seized nearly 400 internet domains that were allegedly used to illegally stream FIFA World Cup matches, marking one of the largest anti-piracy enforcement actions tied to the global soccer tournament....

Iran Revolutionary Guards Claim Strike on U.S. Military Positions After Fresh U.S. Attack

Irans Islamic Revolutionary Guard Corps (IRGC) announced on Saturday that it had targeted U.S. military positions across the region in retaliation for what it described as a fresh U.S. military strike against Iran,...

Texas Approves Bible-Inclusive Reading Lists for Public Schools Starting in 2030

Texas has approved new mandatory reading lists for public school students that include passages from the Bible, marking the latest move by state leaders to incorporate conservative and religious values into public...

US Strikes Iran After Strait of Hormuz Attack as Ceasefire Tensions Escalate

The United States launched military strikes against Iran on Friday following an Iranian drone attack on a commercial cargo vessel in the Strait of Hormuz, further escalating tensions despite a ceasefire agreement reached...

NATO Strengthens Arctic Defense as Russia Expands Military Presence

As NATO ramps up efforts to reinforce its Arctic defenses, alliance members are investing in military capabilities to counter Russias growing presence in the strategically important High North. The initiative comes as...

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

Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike

Italys antitrust authority has launched an investigation into Microsoft over allegations of unfair commercial practices tied to the pricing changes for its Microsoft 365 subscription service. The probe focuses on whether...

SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service

SpaceX and Charter Communications are reportedly in executive-level discussions about forming a strategic partnership that could accelerate the expansion of consumer mobile services across the United States. According to a...

OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...

Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion

South Korean technology giants Samsung Electronics and SK Hynix are preparing to unveil sweeping long-term investment strategies centered on semiconductors, artificial intelligence (AI), and next-generation technologies,...