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

Become a contributor

Bookmark Econotimes

Business

Sun, Jun 21, 2026 11:20 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Citigroup Expands Citi AI Tools to Boost Global Employee Efficiency

May 22, 2025 06:03 am UTC| Business Technology

Citigroup has launched Citi AI, a powerful suite of artificial intelligence tools aimed at enhancing internal operations across its global workforce. Initially introduced to staff in Hong Kong, the AI tools are now...

Goldman Sachs Unifies Asian Investment Banking Operations Under Single Leadership

May 22, 2025 04:00 am UTC| Business

Goldman Sachs is restructuring its Asian investment banking operations by consolidating its three previously separate regional units into one unified entity. This strategic move aims to streamline deal advisory and capital...

Sam Altman Targets 100M AI Devices by 2026 in $6.5B Push with Jony Ive

May 22, 2025 03:51 am UTC| Technology Business

OpenAI CEO Sam Altman has revealed plans to launch a groundbreaking AI device by the end of 2026, aiming to sell 100 million units. According to the Wall Street Journal, Altman shared the ambitious goal during a recent...

Xpeng Stock Soars on Strong Q1 Results and Bullish Q2 Forecast

May 22, 2025 03:17 am UTC| Business Technology

Shares of Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV, HK: 9868) surged after the company posted impressive first-quarter earnings and a bullish forecast for Q2, signaling strong momentum in the competitive EV...

Trump Signals Possible IPO for Fannie Mae and Freddie Mac

May 22, 2025 03:03 am UTC| Politics Business

U.S. President Donald Trump announced Wednesday that he is seriously considering taking Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) public. The two government-sponsored enterprises (GSEs), which play a central role in...

Trump Awaits CFIUS Ruling on Nippon Steel's $14.9B U.S. Steel Takeover Bid

May 22, 2025 02:59 am UTC| Business Politics

A critical U.S. national security panel has submitted its recommendation to President Donald Trump regarding Nippon Steels contested $14.9 billion acquisition of U.S. Steel, according to a source familiar with the matter....

Republicans Urge FTC to Investigate Google Over Alleged Email Bias

May 22, 2025 02:48 am UTC| Politics Governance Business Technology

Republican campaign committees are calling on the Federal Trade Commission (FTC) to launch an investigation into Google (NASDAQ: GOOGL) over claims of email suppression targeting conservative groups, according to a report...

411 412 413 414 415 416 417 418 419 420

Economy

Russian Stocks End Flat as MOEX Index Hits New 52-Week Low

Russian stocks closed largely unchanged on Sunday, with the MOEX Russia Index ending the session flat at 0.00% while marking a new 52-week low. The lack of movement across major Russian equities reflected a subdued trading...

France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi

France may remain stuck in a prolonged period of weak domestic demand, low inflation, and fiscal challenges as structural shifts in its labor market make the economy more vulnerable to high interest rates than other...

China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says

Chinas economy continued to show a sharp divide in May, with a booming artificial intelligence (AI)-driven manufacturing sector helping sustain growth while domestic demand remained weak, according to a recent research...

Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire

U.S. President Donald Trump announced Saturday that no tolls will be charged for ships passing through the Strait of Hormuz during the proposed 60-day interim ceasefire period with Iran. Trump also stated that no fees...

Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed

Russian stocks closed flat on Saturday, with the MOEX Russia Index ending unchanged at 0.00% and touching a fresh 52-week low during trading. The lack of movement across the market reflected cautious investor sentiment,...

Politics

US-Iran De-Escalation Shifts Washington’s Focus to AI Regulation and Crypto Legislation

A potential easing of tensions between the United States and Iran is redirecting Washingtons attention toward major technology policy initiatives and executive actions, according to a new report from Wolfe Research. The...

Pirro Warns of Prosecution for Lincoln Memorial Reflecting Pool Vandalism Amid Renovation Issues

People caught vandalizing the Lincoln Memorial Reflecting Pool on Washingtons National Mall will face full prosecution, according to U.S. Attorney Jeanine Pirro. Her comments come as concerns grow over damage and...

Starmer Faces Mounting Pressure as Burnham’s Victory Sparks Labour Leadership Speculation

British Prime Minister Keir Starmer is reportedly weighing his political future after Andy Burnhams commanding parliamentary election victory intensified calls within the Labour Party for a change in leadership. According...

Trump Predicts Keir Starmer’s Exit as UK Prime Minister Amid Growing Political Pressure

U.S. President Donald Trump has publicly predicted that UK Prime Minister Keir Starmer will step down, intensifying speculation about a potential leadership change within the Labour Party. In a post published on Truth...

Bolivia Eases Protest Blockades as Military Plane Crash Kills Six

Bolivia recorded a day of mixed developments as authorities reported significant progress in clearing anti-government protest roadblocks, while a tragic military aircraft crash claimed six lives. The countrys highways...

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

Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns

Googles newly introduced open-source liquid-cooling design for AI data centers is drawing attention across the data center infrastructure industry, with analysts suggesting it could accelerate the commoditization of...

John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race

John Jumper, the Google DeepMind researcher who shared the 2024 Nobel Prize in Chemistry for his groundbreaking work on the AlphaFold artificial intelligence system, has announced that he is leaving Google DeepMind to join...

Trump Says Anthropic No Longer Seen as National Security Threat

U.S. President Donald Trump said he no longer views artificial intelligence company Anthropic as a national security threat, marking a significant shift from his stance just a week earlier. The comments came during an...

Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks

Meta Platforms is reportedly lobbying U.S. lawmakers to include legal protections for social media companies in the proposed Kids Online Safety Act (KOSA), a move that could significantly impact thousands of lawsuits...

SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow

SpaceX (NASDAQ: SPCX) shares extended their pullback on Thursday after a remarkable post-IPO rally, as investors locked in profits and questioned the companys lofty valuation. The stock, which dropped nearly 10% earlier in...