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

Become a contributor

Bookmark Econotimes

Business

Thu, Dec 18, 2025 03:11 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Hyundai Motor's Q4 Profit Drops 17%, Misses Forecasts

Jan 23, 2025 13:25 pm UTC| Business

Hyundai Motor (OTC:HYMTF), the worlds third-largest automaker with affiliate Kia, reported a 17% drop in fourth-quarter operating profit, missing analyst estimates. The company posted 2.8 trillion won ($1.95 billion) in...

Elon Musk Criticizes President Trump’s $500B Stargate AI Project

Jan 23, 2025 13:25 pm UTC| Technology Politics Business

Tesla CEO Elon Musk has voiced doubts over the financial feasibility of President Donald Trumps $500 billion Stargate project, unveiled Tuesday. The initiative aims to establish an advanced artificial intelligence (AI)...

How the oil industry and growing political divides turned climate change into a partisan issue

Jan 23, 2025 05:00 am UTC| Insights & Views Business Politics

After four years of U.S. progress on efforts to deal with climate change under Joe Biden, Donald Trumps return to the White House is swiftly swinging the pendulum in the opposite direction. On his first day back, Trump...

Nintendo Switch 2 and anticipated sequels – what to look forward to in gaming in 2025

Jan 23, 2025 04:55 am UTC| Insights & Views Business

Bookended by the release of Donkey Kong Country Returns HD in January and Grand Theft Auto 6, at the end of the year (its already winning wards in anticipation) 2025 looks set to be exciting for gamers. Theres also set to...

Vingroup’s Struggles Deepen Amid VinFast Losses and Investor Sell-Off

Jan 23, 2025 04:47 am UTC| Business

Vietnamese conglomerate Vingroup (NASDAQ:VFS) is under pressure as its financial strategy surrounding loss-making electric vehicle maker VinFast raises investor concerns. Vingroup has invested $13.5 billion in VinFast,...

Tesla to Raise Car Prices in Canada Starting February 1

Jan 23, 2025 04:47 am UTC| Technology Business

Tesla (NASDAQ:TSLA) is set to increase prices for all its vehicles in Canada beginning February 1, as per updates on its Canadian website. The price adjustments will affect the popular Model 3, Model Y, Model S, and Model...

Meta Joins $10 Billion Databricks Funding Round Amid AI Boom

Jan 23, 2025 04:46 am UTC| Technology Business

Meta Joins $10 Billion Databricks Funding Round Amid AI Boom Databricks announced that Meta Platforms (NASDAQ:META) participated in its $10 billion Series J funding round, valuing the data analytics startup at $62 billion....

401 402 403 404 405 406 407 408 409 410

Economy

Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React

The U.S. dollar remained steady against major global currencies on Thursday as investors positioned themselves ahead of key central bank decisions in the United Kingdom, Europe and Japan. Currency markets showed cautious...

BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited

The Bank of England is widely expected to cut interest rates on Thursday as signs mount that UK inflation is easing and economic growth is weakening. Financial markets anticipate a 25-basis-point reduction, bringing the...

U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data

U.S. stock index futures inched higher on Wednesday evening, supported by blowout earnings and strong guidance from Micron Technology, although broader gains remained limited as investors stayed cautious ahead of key U.S....

South Korea Warns Weak Won Could Push Inflation Higher in 2025

South Koreas central bank has warned that inflation next year could exceed earlier projections if the Korean won remains weak against the U.S. dollar, raising concerns about price stability and currency market pressures....

Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism

Chinese robotaxi stocks surged in Hong Kong trading on Wednesday, tracking strong overnight gains in Tesla Inc (NASDAQ: TSLA) as investor optimism around autonomous driving and ride-hailing technology continued to build....

Politics

U.S. House Advances GOP Healthcare Bill as ACA Subsidies Near Expiration

A major U.S. federal healthcare subsidy expanded during the COVID-19 pandemic is set to expire at the end of the year after the House of Representatives narrowly advanced a Republican healthcare bill that does not renew...

U.S. Initiates $11.1 Billion Arms Sale to Taiwan Amid Rising China Tensions

Taiwans defence ministry announced on Thursday that the United States government has formally initiated the congressional notification process for a proposed $11.1 billion arms sale to Taiwan, underscoring Washingtons...

Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies

A union-aligned investment group has urged major U.S. corporations including Amazon, Walmart and Google-parent Alphabet to explain how President Donald Trumps immigration policies are affecting their finances, workforce...

Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

Venezuela has formally requested an urgent meeting of the United Nations Security Council to address what it described as ongoing U.S. aggression against the country, according to a letter seen by Reuters. The request...

Trump Administration Plans Major Increase in Denaturalization Cases for Naturalized U.S. Citizens

The Trump administration is preparing to significantly expand efforts to revoke U.S. citizenship from some naturalized Americans, according to a report by The New York Times citing internal government guidance. Newly...

Science

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...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...