Tag: business news
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U.S. and Iran pause fighting to give peace talks ‘space.’ Here’s where negotiations stand
A temporary pause to the U.S.-Iran conflict appeared to hold on Monday, after negotiations over a lasting peace faced fresh hurdles over the weekend.
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Seattle shooting leaves two dead, five injured
At least two people were killed and five others, including a 2-year-old, wounded in a shooting at a downtown Seattle food festival Sunday, reports say.
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China industrial profit growth slows again in June as retreating oil prices sap earnings lift
Corporate earnings have staged one of the strongest turnarounds in the economy this year, swinging from barely positive growth in 2025 to double-digit gains.
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China memory chipmaker CXMT skyrockets 470% in blockbuster Shanghai debut
The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
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Singapore tightens monetary policy as rising oil prices rekindle inflation risk
Unlike most central banks, the MAS manages medium-term price stability by managing the Singapore dollar exchange rate against a trade-weighted basket of currencies.
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Oil slides 5% as Iran reportedly signals halt to attacks if U.S. pause holds
Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place.
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How AI wealth could be distributed to all Americans
AI riches are already concentrated among a handful of powerful companies, but there are plenty of new, some radical, ideas about how to spread the wealth.
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Some high-earning investors will soon owe taxes on years of deferred capital gains
A key incentive in place for current Opportunity Zone investors — deferring taxation of reinvested capital gains — will end on Dec. 31.
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New UK Prime Minister Burnham says he would be prepared to call out Trump
Burnham said he had a phone conversation with Trump on Monday when he officially took on the role, describing it as “a good exchange”.
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U.S. appeals court rules Trump cannot implement mail-in voting order
The 1st U.S. Circuit Court of Appeals rejected the request to lift an injunction several Democratic-led states secured from a lower-court judge.
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