Economy

A Temasek Holdings signage at their office in Singapore. Munshi Ahmed | Bloomberg | Getty Images Singapore’s Temasek said Tuesday most of its investment capital will keep going into the U.S. with the state investment company focusing on the early adopters of AI among traditional industries in the country. While the U.S. overall appears to […]

Filip Radwanski | Sopa Images | Lightrocket | Getty Images Hackers more than doubled their cryptocurrency spoils in the first half of 2024 compared with a year ago, a report from blockchain research firm TRM Labs showed. The report said $1.38 billion worth of crypto was looted between Jan. 1 and June 24, more than […]

BP in 2020 set out its ambition to become a net zero company “by 2050 or sooner.” Matt Cardy | Getty Images News | Getty Images BP shares dropped Tuesday after the firm flagged it expects to post an impairment of up to $2 billion in the second quarter and warned of lower refining margins […]

U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019. Massimo Pinca | Reuters Detroit – Nikola Corp. — an auto startup that was once a favorite of Wall Street analysts and retail […]

Published Wed, Feb 19 2025 6:00 am is Morgan Chittum @morgan_chittum Marquee at the main entrance to BlackRock headquarters building in Manhattan. Erik Mcgregor | Lightrocket | Getty Images BlackRock has been on a buying spree that will change the makeup of the world’s biggest asset manager. More In Analysis The lesson in Meta’s 20-day […]

A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Mortgage rates dipped slightly last week, but so did mortgage demand, as housing affordability continues to sideline potential buyers. Total mortgage application volume fell 6.6% for the week, according to the […]

A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico June 14, 2024. Henry Romero | Reuters Europe’s largest lender HSBC on Wednesday announced a share buyback of up to $2 billion as its annual pre-tax profit rose 6.5%, helped by the sale of its banking business […]

Fruit and veg stall Borough Market on 27th August 2024 in London, United Kingdom. Borough Market is a retail food market and farmers market in Southwark. It is one of the largest and oldest food markets in London, with a market on the site dating back to at least the 12th century. Mike Kemp | […]

U.S. Middle East envoy Steve Witkoff, Secretary of State Marco Rubio, National Security Advisor Mike Waltz, Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan al-Saud, National Security Advisor Mosaad bin Mohammad al-Aiban, the Russian president’s foreign policy advisor Yuri Ushakov, and Russia’s Foreign Minister Sergei Lavrov attend a meeting together at Riyadh’s Diriyah Palace on […]

Huawei launched its trifold smartphone outside of China on Tuesday, as it plots a comeback in international markets after getting hammered by U.S. sanctions. The Mate XT will have a starting price tag of 3,499 euros ($3,660). Huawei has yet to announce in which countries the model will be available, but the company has told […]