Business – Page 214

OPEC Leaves Traders With Cliffhanger as Tumultuous Chapter Ends Bloombergcom

Grant Smit...August 3, 2025

OPEC+ closed a two-year chapter in its oil strategy on Sunday with the last in a series of bumper oil production increases. But it left crude traders with a cliffhanger.

Top economist warns the US is on the precipice of recession and it will be…

Jason MaAugust 3, 2025

"Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall."

Apples New Answers Team Eyes ChatGPTLike Product in AI Push Bloomberg

Mark Gurma...August 3, 2025

Apple has a new “Answers” team developing a stripped-down rival to ChatGPT to help users access world knowledge. Also: An iPhone 17 Pro is spotted in San Francisco, and Apple…

US Hiring Slowed Sharply Over the Summer The Wall Street Journal

Rachel Wol...August 2, 2025

Jobs numbers for May, June are revised sharply downward while July’s figure falls short of expectations

Buffetts Berkshire Takes 38 Billion Hit on Kraft Heinz Stake Bloombergcom

Alexandre ...August 2, 2025

Warren Buffett’s Berkshire Hathaway Inc. took a $3.8 billion impairment on its Kraft Heinz Co. stake, the latest hit to a bet that’s weighed on the billionaire investor’s company in…

Corporation For Public Broadcasting to Shutter After Trump Cuts Bloombergcom

Gregory Ko...August 1, 2025

The Corporation for Public Broadcasting said that it will begin to wind down operations after President Donald Trump signed a package of spending cuts that ended its federal funding.

Everyones watching Jerome Powell as warnings flash for the US economy Fortune

Nick Licht...August 1, 2025

“The July jobs report goes a long way toward providing the evidence of a weaker labor market that the Fed needs to justify cutting interest rates in the face of…

Stock Market Today Dow Closes 500 Points Lower on Weak Jobs Report New Trump Tariffs…

Roshan Fer...August 1, 2025

The July jobs report showed hiring slowed last month and unemployment ticked up to 4.2%. Trump’s tariffs and trade deals continue to affect global markets. Follow along for live updates…

Shockingly bad jobs report reveals a monthslong stall and may trigger Fed rate cuts soon…

Jason MaAugust 1, 2025

“September is a lock for a rate cut, and it might even be a 50-basis-point move to make up the lost time.”