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

Become a contributor

Bookmark Econotimes

Business

Sat, Apr 04, 2026 03:48 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

X Drops Lawsuit Against Wachtell After Dispute Over $90 Million Twitter Deal Fee

Nov 21, 2025 02:17 am UTC| Business Technology Law

Elon Musks social media company X has officially ended its high-profile lawsuit against Wachtell, Lipton, Rosen Katz, closing a contentious chapter tied to Musks 2022 acquisition of Twitter. According to a Wednesday...

NVIDIA Stock Reverses as Strong Jobs Report Clouds December Rate-Cut Hopes

Nov 21, 2025 01:59 am UTC| Business Technology

Wall Street opened Thursday on an upbeat note after NVIDIA (NASDAQ: NVDA) delivered another round of blockbuster earnings and bullish guidance, fueling optimism around the ongoing AI boom. But the markets early enthusiasm...

Tesla’s Latest FSD V14 Impresses Analysts and Boosts Confidence in Robo-Taxi Vision

Nov 21, 2025 01:51 am UTC| Business Technology

Teslas newest Full Self-Driving (FSD) software is drawing strong praise from Wall Street, with Piper Sandler analyst Alexander Potter reaffirming an Overweight rating and a bold $500 price target after an investor visit to...

Larry Summers Resigns from Harvard and OpenAI Amid Fallout Over Epstein Ties

Nov 20, 2025 05:58 am UTC| Business Politics

Former U.S. Treasury Secretary Larry Summers has stepped down from both Harvard University and the OpenAI board as scrutiny over his past association with Jeffrey Epstein intensifies. The move comes after the U.S. House...

Trump Administration Pushes Back on Congressional Plan to Restrict Nvidia’s AI Chip Exports

Nov 20, 2025 05:30 am UTC| Politics Business Technology

The Donald Trump administration is urging Congress to reject a new bipartisan measure that would restrict NVIDIA Corp.s ability to sell advanced artificial intelligence chips to China and other embargoed nations, according...

HSBC Names Steve Hughes New CEO for Australia and New Zealand

Nov 20, 2025 04:49 am UTC| Business

HSBC has announced the appointment of Steve Hughes as the new CEO and head of Banking for Australia and New Zealand, with the role set to take effect on January 1, 2026. The decision marks a significant leadership...

Michael Burry Warns AI Demand Is Overstated Amid Nvidia Stock Surge

Nov 20, 2025 04:36 am UTC| Insights & Views Technology Business

Michael Burry issued a sharp warning on Wednesday evening, claiming that the true end-user demand for artificial intelligence is far smaller than what major technology firms are reporting. His comments came shortly after...

151 152 153 154 155 156 157 158 159 160

Economy

Iran's Stranglehold on the Strait of Hormuz: What It Means for Global Markets

U.S. intelligence assessments now confirm that Iran has no intention of loosening its grip on the Strait of Hormuz anytime soon. Tehran views control over this critical oil corridor as its most powerful bargaining chip...

Vietnam GDP Growth Slows in Q1 2026 Amid Middle East Oil Crisis

Vietnams economy posted solid but slower growth in the first quarter of 2026, with GDP expanding 7.83% year-on-year, down from 8.46% in the previous quarter, according to the National Statistics Office. While the figure...

March 2025 Jobs Report: Strong Headline Numbers Hide Deeper Economic Concerns

The U.S. labor market showed resilience in March 2025, with employment growth rebounding sharply after a sluggish February and the unemployment rate dipping unexpectedly to 4.3%. However, beneath the encouraging surface,...

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

Politics

China's Anti-Corruption Purge Reaches New Heights as Politburo Shrinks to 25-Year Low

Chinese President Xi Jinpings sweeping anti-corruption campaign has claimed another senior casualty, with former Xinjiang party secretary Ma Xingrui now under formal investigation for alleged serious violations of party...

U.S. F-15E Shot Down Over Iran: One Crew Member Recovered Amid Escalating Conflict

A United States F-15E Strike Eagle fighter jet has been shot down over Iranian territory, marking the first confirmed incident of its kind since the start of the nearly five-week conflict between the U.S., Israel, and...

U.S.-Iran War Escalates: Downed Fighter Jet, Stalled Ceasefire Talks, and Ground Invasion Fears

Tensions between the United States and Iran have reached a dangerous new peak following the downing of a U.S. F-15E fighter jet over Iranian territory the first time Tehran has shot down an American aircraft since the...

Judge Blocks DOJ Subpoenas in Federal Reserve Investigation, Delaying Powell Succession

A federal judge in Washington, D.C. has once again ruled against the Justice Departments efforts to revive a criminal investigation targeting Federal Reserve Chair Jerome Powell, dealing another significant blow to what...

Congo in Talks With Trump Administration to Accept Third-Country Deportees

The Democratic Republic of Congo is reportedly in discussions with the Trump administration about accepting deportees from third countries individuals who are not Congolese nationals but were living in the United States...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...