Editor’s Picks
FTC Prepares Antitrust Lawsuit Against Amazon
In a significant move toward curbing monopolistic practices within the tech industry, the Federal Trade Commission (FTC) is poised to file a highly anticipated antitrust...
US Steel Acquisition: Stelco Holdings Makes Ambitious Move
In a bid to bolster its steelmaking assets and fortify its presence in the automotive metal supply market, Canadian steel manufacturer Stelco Holdings Inc. has...
McDonald’s Boosts Royalty Fees in US and Canada for 2024
McDonald’s Corporation has announced an increase in royalty fees for new franchise restaurants in the United States and Canada, as revealed in a letter obtained...
Russia’s Diesel Export Ban Raises Winter Supply Worries
Russia’s recent decision to impose a ban on the export of diesel and gasoline has sent ripples through the global fuel market., sparking concerns about...
Vietnam’s VNG Hits Pause on US IPO Amidst Market Flux
VNG Ltd., a prominent internet startup based in Vietnam, has opted to defer its plans for a US initial public offering (IPO), as disclosed by...
Federal Reserve Warns of Rate Hike, Prolonged Elevated Rates
In a stark advisory issued on Friday, Federal Reserve officials signaled an impending rate hike, underscoring the likelihood of sustained elevated interest rates aimed at...
Banks Face Headwinds as Federal Reserve Keeps Rates High
In a decisive move this week, the Federal Reserve conveyed its intention to maintain higher interest rates for an extended period, delivering unwelcome news to...
Services Sector Data Sparks Concerns for US Economy
New data released on Friday indicates a concerning trend in the US services sector, as it edges closer to contraction. The S&P Global Flash US...
Ford Progresses, UAW Escalates Strikes at GM and Stellantis
The United Auto Workers (UAW) union has extended its “stand up” strikes to General Motors (GM) and Stellantis, affecting plants and distribution facilities in 20...
Oil Prices Spike After Russia’s Export Ban
Oil prices experienced a sharp surge of over 1% on Friday following Russia’s decision to enforce a ban on the export of diesel and gas....
