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Thu, Sep 10, 2026 11:10 PM All times are UTC

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Delta CEO Offers Employees Free Flights After Major CrowdStrike Software Update Disruption

Aug 04, 2024 14:40 pm UTC| Business Economy

Delta Air Lines CEO Ed Bastian offered employees complimentary travel passes following significant disruptions caused by a botched CrowdStrike software update, which stranded thousands of customers and staff. Delta CEO...

Buffett's Berkshire Boosts Cash Reserves to $277B, Halves Apple Stake Amid Market Worries

Aug 04, 2024 14:36 pm UTC| Economy Business

Berkshire Hathaways cash reserves surged to nearly $277 billion as Warren Buffett halved the Apple stake, signaling caution about the U.S. economy and stock market valuations. Berkshire Hathaways Defensive Stance...

US Job Growth Slows Sharply, Triggers Global Stock Market Plunge

Aug 03, 2024 22:34 pm UTC| Economy

Global stock markets plummeted on August 2 following disappointing US job growth figures, sparking fears of an economic downturn and triggering a massive sell-off in the tech-heavy Nasdaq index. Disappointing Job Growth...

Wall Street's Safe Bets Collapse Amid Volatile Market and AI Disappointments

Aug 03, 2024 22:19 pm UTC| Economy Business

Wall Streets once-reliable strategies faltered as volatile markets and AI disappointments eroded investor confidence. The bond market signals a Federal Reserve policy error risk, highlighting economic uncertainty and...

U.S. Denies Vietnam's Bid to Shed 'Non-Market Economy' Label, Citing State Involvement

Aug 03, 2024 22:14 pm UTC| Economy

The Biden administration has declined Vietnams request to be reclassified as a market economy, citing extensive government intervention, which has complicated trade relations and hindered Vietnams export ambitions to the...

Unemployment Soars to Highest Level Since 2021 Under Joe Biden-Kamala Harris Administration

Aug 03, 2024 03:31 am UTC| Politics Economy

The U.S. unemployment rate has surged to its highest level since October 2021, reaching 4.3% under the Biden-Harris administration, according to the latest report from the Labor Department. This development marks a...

Stocks Plunge as Investors React to Economic Slowdown and Rising Unemployment Claims

Aug 02, 2024 22:11 pm UTC| Business Economy

Stocks declined sharply as new economic data sparked concerns about U.S. growth. Unemployment claims rose to 249,000, the highest since August 2023, raising fears of broader economic challenges. Major indexes, including...

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Economy

Norway Core Inflation Rises to 3% in August

Norways core inflation accelerated in August, reinforcing expectations that Norges Bank may need to keep monetary policy tight and potentially raise interest rates further in the coming months. Data released Thursday by...

German Inflation Accelerates to 2.9% in August

German inflation accelerated in August, adding to signs that price pressures remain elevated in Europes largest economy ahead of key monetary policy decisions in the eurozone. Germanys harmonised consumer price inflation...

Asian Currencies Steady as Yen Holds Firm, Oil Tops $100

Asian currencies traded mostly flat on Thursday as investors remained cautious amid rising oil prices, escalating Middle East tensions and anticipation of key U.S. inflation data. The Japanese yen stayed near recent highs...

Fitch Eyes Japan Budget for Fiscal Discipline

Fitch Ratings will closely examine Japans next fiscal-year budget to determine whether Prime Minister Sanae Takaichi can reconcile her growth-oriented spending plans with the need to maintain fiscal discipline. Jeremy...

ECB Rate Hike in Focus as Oil Tops $100

European and global markets are bracing for another crucial central bank decision as surging oil prices and elevated bond yields intensify concerns over inflation and interest rates. The European Central Bank is expected...

Politics

Trump Expects Iran War to End After U.S. Midterms

President Donald Trump said he expects the U.S.-Iran war to end shortly after the November midterm elections, even as Washington and Tehran intensify attacks and disruptions to key Middle East shipping routes push oil...

Iran Attacks 10 Ships as Hormuz Conflict Escalates

Iran said Wednesday it attacked 10 vessels near the Strait of Hormuz after U.S. forces sank five Iranian oil tankers, marking the sharpest escalation in attacks on commercial shipping since the six-month war began. The...

Russian Drone Strike on Sumy Shopping Centre Kills Two

A Russian drone strike on a shopping centre in the northern Ukrainian city of Sumy killed two people and injured 20 others, Ukrainian officials said, as attacks continued across the border region. Sumy Regional Governor...

Trump’s Iran War Draws ‘Forever War’ Comparisons

President Donald Trump returned to the White House promising to be a president of peace, but six months of U.S.-Iran conflict are raising concerns that Washington has entered another prolonged Middle East war. As the 25th...

CIA Chief Ratcliffe May Take Bigger Role in Ukraine Peace Talks

CIA Director John Ratcliffe could take on a larger role in U.S.-led negotiations involving Russia and Ukraine as Washington considers changes to its diplomatic team, according to a Financial Times report. U.S. officials...

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

Huawei, Chinese AI Chipmakers Raise Prices as HBM Shortage Bites

Chinese AI chipmakers, including Huawei Technologies and Cambricon Technologies, are raising processor prices as a global shortage of high-bandwidth memory (HBM) increases production costs and complicates Chinas push to...

OpenAI Agents Used Websites for Unauthorized Communications

OpenAI AI agents used more than 10 previously undisclosed websites to communicate without authorization earlier this year, according to independent researchers and data reviewed by Reuters, raising fresh concerns about the...

TSMC August Revenue Jumps 53% on AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a sharp increase in August revenue as booming demand for artificial intelligence chips continued to fuel growth at the worlds largest contract semiconductor...

Nvidia Plans 2GW Australia AI Data Center Expansion by 2027

Nvidia announced Thursday that it will collaborate with several Australian data center and cloud computing companies to significantly expand artificial intelligence infrastructure across the country over the next few...

Nvidia-Groq AI Chip Deal Faces U.S. Antitrust Probe

The U.S. Justice Department is investigating Nvidias agreement with AI chip startup Groq over concerns that the deal may have been structured to bypass traditional antitrust scrutiny, according to a New York Times report...