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

Become a contributor

Bookmark Econotimes

Business

Wed, Dec 25, 2024 06:32 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

General Motors, UAW Reach Temporary Labor Agreement

Oct 26, 2015 16:16 pm UTC| Business

Automative industry leader General Motors managed to avert a labor strike from the labor union when it reached a tentative agreement with the negotiators of the United Auto Workers. The UAW confirmed the news late last...

NYSE Owner ICE Acquires IDC In USD5.2 Billion Deal

Oct 26, 2015 15:47 pm UTC| Business

Today, IntercontinentalExchange Group announced that it has entered into a definitive agreement to acquire financial data company Interactive Data Corporation from private equity owners Silver Lake, the global leader in...

Oprah Winfrey Says Weight Watchers Purchase Was Due To Diet Success

Oct 24, 2015 07:16 am UTC| Business

On Ellen, media mogul Oprah Winfrey shared that the very reason she invested in Weight Watches was because her weight loss program with the company was successful. This week, Winfrey bought a 10 percent stake in...

Pandora Sees Share Price Slump Over Apple, Music Competition

Oct 24, 2015 05:46 am UTC| Business

Online radio service Pandora saw its value decline 36 percent on Friday after it released its third quarter results. TechCrunch said the company posted an USD86 million loss. Although it had met market estimates, the...

Microsoft, Amazon Lead Tech Rally In Wall Street, Pushes S&P 500, Dow Jones Up

Oct 24, 2015 02:55 am UTC| Business

Wall Street saw a rally of tech stocks before the weekend, thanks to the positive earnings reports major tech companies revealed. Reuters said the earnings reports had surpassed analysts expectations, which resulted to SP...

Raf Simons To Leave Luxury Goods Group’s Christian Dior

Oct 22, 2015 17:58 pm UTC| Business

This Wednesday morning, fans of luxury fashion brand Christian Dior and the rest of the world have been notified of Creative Director Raf Simons departure. The designer, according to his statement, cites personal reasons...

Nasdaq OKs SecondMarket Acquisition, Aims To Be A Pre-IPO Startup Stock Market

Oct 22, 2015 17:45 pm UTC| Business

On Thursday, New York-based Nasdaq announced that it has bought SecondMarket Solutions Inc, a company that facilitates liquidity for startups. The acquisition was done through the companys subsidiary, the Nasdaq Private...

24891 24892 24893 24894 24895 24896 24897 24898 24899

Economy

Sam Altman Says Superintelligence Will Ignite a 10X Boom in AI Breakthroughs Transforming the Future of Innovation

Sam Altman envisions a world where superintelligence propels AI innovation 10x faster than expected, transforming global progress and redefining humanitys future. Early Arrival of AGI Sparks Debate The most noteworthy is...

China's WuXi AppTec Exits Gene Therapy Market Amid US Restrictions and Security Concerns

Chinas WuXi AppTec has signed an agreement to sell its gene therapy manufacturing arm, WuXi Advanced Therapies, to U.S.-based Altaris LLC, following mounting restrictions on Chinese firms in the United States over national...

American Airlines Christmas Eve Flight Delays Resolved After Hour-Long Grounding Caused by Technical Glitch

A technical glitch caused American Airlines to ground flights for an hour on Christmas Eve, delaying thousands of passengers during one of the busiest travel periods of the year. Operations resumed quickly, sparing the...

S&P 500 Climbs Ahead of Christmas Break with Tech Gains and $10B Equity Inflows

The SP 500 rose 1.1% Tuesday as tech stocks extended their rally. Equity inflows reached $10 billion, marking the largest since January 2017, while trading activity thinned ahead of the Christmas holiday. Tech Stocks...

BYD Factory in Brazil Faces Investigation as Chinese Workers Found in 'Slavery-like Conditions'

Brazilian officials discovered 163 Chinese workers in slavery-like conditions at a BYD factory construction site in Bahia. Workers faced withheld passports, long hours, and unsafe environments, sparking an ongoing...

Politics

Trump's '100% Serious' Greenland Purchase Plan Sparks Global Controversy

President-elect Donald Trump has reignited his ambition to acquire Greenland, declaring he is 100% serious about purchasing the autonomous Danish territory. This move has prompted significant international debate and...

Kamala Harris Leads J.D. Vance in 'Nail-Biting' 2028 Poll, Sparks Heated Debate

A recent SoCal Strategies poll has placed Vice President Kamala Harris narrowly ahead of Ohio Senator J.D. Vance in a hypothetical 2028 presidential matchup. The poll, released on Tuesday, shows Harris with 43% of likely...

Majority of Americans Confident in Trump's Ability to Achieve Middle East Peace, Poll Reveals

A recent survey by the Napolitan Institute indicates that 54% of Americans believe President-elect Donald Trumps administration will bring an end to conflicts in the Middle East. This optimism follows Trumps electoral...

Trump’s ‘Faith Commitment’ Praised by Cardinal Dolan Sparks Debate on President-Elect’s Religious Convictions

President-elect Donald Trump reportedly reassured Cardinal Timothy Dolan, the Archbishop of New York, of his dedication to his faith during a private conversation. Cardinal Dolan revealed that Trump emphasized his belief...

Trump’s ‘Death Penalty Push’ for Violent Offenders Promises Strict Justice, Sparks Intense National Debate

Former President Donald Trump announced a hardline stance on violent crime, pledging to reinstate and expand the death penalty for individuals convicted of heinous crimes. During a rally, Trump declared that, if...

Science

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Some black holes at the centers of galaxies have a buddy − but detecting these binary pairs isn’t easy

Every galaxy has a supermassive black hole at its center, much like every egg has a yolk. But sometimes, hens lay eggs with two yolks. In a similar way, astrophysicists like us who study supermassive black holes expect to...

Technology

Toyota Targets BYD and Chinese Rivals with Shanghai EV Factory for Lexus Production by 2027

Toyota is reportedly planning a new EV factory in Shanghai to independently produce Lexus models, starting in 2027. The move comes as the automaker faces stiff competition from Chinese rivals like BYD in the worlds largest...

Biden Hands China Chip Tariff Probe to Trump as Trade War Heats Up Over Semiconductor Dominance

The U.S. has opened a trade investigation into Chinese legacy semiconductors, aiming to curb Beijings state-driven chip buildup. The probe, announced just weeks before Donald Trumps inauguration, could lead to additional...

Musk’s X Raises Premium-Plus Plan to $22 With Creator Payouts and AI Features in Focus

X, the platform owned by Elon Musk, raised its premium-plus subscription to $22 in the U.S., emphasizing enhanced creator payouts and advanced AI-driven features like the Grok chatbot. The updated pricing takes effect for...

'Drones Plummet onto Crowd' at Orlando Holiday Show, Prompting NTSB Investigation

The National Transportation Safety Board (NTSB) has initiated an investigation into a malfunction involving unmanned aircraft systems (UAS) that resulted in drones falling into the audience during a holiday show at Lake...

Apple Nears $4 Trillion Valuation as AI Momentum Fuels Investor Optimism

Apple is closing in on a historic $4 trillion market valuation as investor enthusiasm for its AI strategy and expected iPhone supercycle drive a 16% share surge since November. Apple Nears $4 Trillion Market Cap Amid AI...