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

Become a contributor

Bookmark Econotimes

Economy

Sat, Jan 03, 2026 04:26 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Foot Locker acquires WSS, atmos shoe stores for $1.1 billion

Aug 03, 2021 08:59 am UTC| Business Economy

Foot Locker is buying two footwear store chains in a strategic deal that cost $1.1 billion. The sportswear and footwear retail company headquartered in New York City is reportedly paying in cash. CNBC reported that the...

Korea’s Netmarble buys SpinX casino game company for $2.1 billion

Aug 03, 2021 08:41 am UTC| Business Economy

Netmarble Corp., South Koreas largest mobile gaming company, revealed its plan to buy SpinX Games, a Hong Kong-based casino game firm. It was shared that the acquisition deal will cost the game developer some $2.1...

Apple beats Saudi Aramco to become the world's most profitable company

Aug 03, 2021 07:30 am UTC| Business Economy

Apple recorded an increase in its total profit, and with this, it has become the most profitable company in the world. Based on Fortune Global 500 list for the 2020 fiscal year, the iPhone makers revenue increased 3.9...

Abbott Labs paying $160M to settle kickbacks and false diabetes claims

Aug 03, 2021 05:21 am UTC| Business Economy

Abbott Laboratories is settling the case involving its two units, Arriva Medical LLC and its parent company Alere Inc. The American medical devices and health care company headquartered in Illinois will be paying $160...

Generac recalls generators after grisly reports of finger amputations

Aug 03, 2021 05:07 am UTC| Business Economy

Generac Power Systems, the maker of portable generators, announced a recall for some of its models after receiving reports of accidents involving fingers being amputated after using the machines. There have been...

S. Korea to release 80,000 tons of reserved rice in Aug. to address supply shortages

Aug 03, 2021 03:56 am UTC| Economy Business

South Korea will release 80,000 tons of rice into the market this month to deal with supply shortages and stabilize prices. The move brings the amount of reserved rice released into the market since January to 370,000...

S. Korean businesses wary of double taxation due to EU, US carbon border taxes

Aug 02, 2021 23:58 pm UTC| Economy Business

South Koreas businesses complained that the EUs carbon border tax would lead to unfair double taxation as the country has already adopted its cap-and-trade system. The Federation of Korean Industries (FKI), which...

1731 1732 1733 1734 1735 1736 1737 1738 1739 1740

Economy

Argentina Sells Dollars to Stabilize Peso as New FX Trading Rules Take Effect

Argentinas Treasury intervened in the foreign exchange market on Friday by selling U.S. dollars in an effort to curb the pesos decline, marking the first trading session under the countrys newly implemented currency...

U.S. Stock Market Mixed at Close as Dow Gains and Nasdaq Slips

U.S. stocks finished mixed after the close on Friday as strength in energy, industrials, and basic materials helped support blue-chip shares, while losses in consumer-focused and technology sectors weighed on broader...

Mexico Stocks End Lower as IPC Slips on Sector Losses

Mexican stocks closed lower on Friday as broad-based declines across key sectors weighed on overall market performance. The benchmark SP/BMV IPC index ended the session down 0.36%, reflecting investor caution amid losses...

China Ends Contraceptive Tax Exemption to Boost Birth Rates

China has ended a three-decade-old tax exemption on contraceptive drugs and devices, a move aimed at addressing the countrys rapidly declining birth rate. Starting January 1, condoms, contraceptive pills, and related...

Gold Prices Surge at Start of 2026 as Weak Dollar and Rate-Cut Bets Fuel Demand

Gold prices jumped sharply during Asian trading on Friday, marking a strong start to 2026 after a historic rally last year. Renewed demand for bullion was driven by a weaker U.S. dollar and growing expectations that U.S....

Politics

Short Interest Rises in Trump Media Stock After $6 Billion Merger Announcement

Short interest in U.S. President Donald Trumps social media company, Trump Media Technology Group, has surged following a major merger announcement, signaling that a growing number of traders are betting the stock could...

Trump Warns of U.S. Action as Iran Protests Intensify Amid Economic Crisis

U.S. President Donald Trump has escalated tensions with Iran after warning that the United States is prepared to support Iranian protesters if security forces continue to fire on demonstrators. The comments came as...

Trump Blocks HieFo’s Emcore Chip Assets Deal Over National Security Concerns

President Donald Trump has issued an executive order blocking HieFo Corp. from acquiring semiconductor-related assets from Emcore Corp., citing serious national security risks tied to foreign ownership and sensitive chip...

New York Mayor Zohran Mamdani Revokes Eric Adams Executive Orders Amid Political and Antisemitism Debate

New York City Mayor Zohran Mamdani on Friday defended his decision to revoke a series of executive orders issued by his predecessor, former Mayor Eric Adams, following Adams 2024 federal indictment. The move has reignited...

U.S. Appeals Court Rules California Open Carry Firearm Ban Unconstitutional

A U.S. federal appeals court has ruled that Californias long-standing ban on openly carrying firearms in most parts of the state violates the Second Amendment, marking a significant development in ongoing legal battles...

Science

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Technology

Grok AI Faces Global Scrutiny Over Safeguard Failures and Illegal Content on X

Elon Musks artificial intelligence chatbot Grok, developed by xAI and integrated into social media platform X, has come under intense international scrutiny after admitting that lapses in safeguards led to the generation...

Baidu Shares Surge as Company Plans Kunlunxin AI Chip Spin-Off and Hong Kong Listing

Baidu shares jumped sharply after the Chinese technology giant announced plans to spin off its artificial intelligence chip unit, Kunlunxin, and pursue a listing in Hong Kong. The move comes as domestic Chinese chipmakers...

Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety

SpaceXs Starlink is preparing a major reconfiguration of its satellite constellation in an effort to improve space safety and reduce the risk of orbital collisions. According to Michael Nicolls, SpaceXs vice president of...

Samsung Signals Comeback With HBM4 Chips as AI Market Heats Up

Samsung Electronics is signaling a strong comeback in the high-bandwidth memory (HBM) market, as customers praise the competitiveness of its next-generation HBM4 chips. In a New Year address, co-CEO and head of the...

Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026

Google (NASDAQ: GOOGL) is preparing for a major expansion of its AI infrastructure in 2026 as it moves its seventh-generation Tensor Processing Unit (TPU), known as Ironwood, into mass deployment. This next phase marks a...