Economy

Indian travelers spent $34.2 billion on outbound travel in 2023, according to the World Travel & Tourism Council. But the current level of Indian travel is “minuscule” compared with what’s to come, Alan Watts, Hilton’s Asia-Pacific president, told “Squawk Box Asia” Monday. “The story for India is before us,” he said. “India outbound will be […]

Vahe Kuzoyan, left, and Ara Mahdessian, the founders of ServiceTitan. ServiceTitan ServiceTitan, a provider of cloud software to contractors, priced its IPO at $71 a share on Wednesday, above the expected range. The company is set to debut on the Nasdaq on Thursday under ticker symbol “TTAN.” ServiceTitan previously raised its price range to between […]

Samuel Boivin | Nurphoto | Getty Images Micron Technology’s shares tumbled on Friday, giving back some of the gains from a post-earnings rally, as the memory chipmaker looked to wrap a rocky week of trading that has seen big swings. The stock sank more than 6% as other tech firms also struggled. Intelfell 3%,Armshed nearly […]

The exterior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Red Lobster has filed for Chapter 11 bankruptcy protection after a failed lease-back agreement and “endless shrimp” promotion backfired against company revenue. Brandon Bell | Getty Images Restaurant chain Red Lobster’s “Everyday $20 Ultimate Endless Shrimp” offering was described as a […]

Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Every School Students | Getty Images Oil prices extended declines on Friday as more tankers exited the strategically vital Strait of Hormuz, easing supply concerns despite a vessel coming under attack in the Gulf of Oman. International […]

Jensen Huang, CEO of NVIDIA, speaks to reporters and answers questions during a brief press availability outside a Korean barbecue restaurant in Seoul, South Korea, on June 5, 2026. Chris Jung | Nurphoto | Getty Images Chip stocks sold off on Friday amid mounting concerns over the rising cost of artificial intelligence infrastructure. Intel shed […]

Jakub Porzycki | Nurphoto | Getty Images Cryptocurrency exchange Binance has told some European Union that services will be affected after it withdrew an application for European Union regulation via Greek authorities. All crypto asset businesses have to obtain a license under the bloc’s Markets in Crypto-Assets Regulation by July 1, or risk penalties. The […]

President of the ruling African National Congress and South African President, Cyril Ramaphosa, at a rally in Johannesburg, South Africa, on May 25, 2024. Chris Mcgrath | Getty Images News | Getty Images Some 30 years on from the peaceful transition from apartheid rule to democracy, South Africa could once again be on the cusp […]

Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Every School Students | Getty Images Iran’s Islamic Revolutionary Guard Corps warned shipowners on Wednesday that any new transit route through the Strait of Hormuz established without coordination with Tehran is “unacceptable and dangerous,” threatening actions against […]

Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region’s oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. On Sunday, U.S. Vice President JD […]