Economy

In 2005, John Schneider and David Auten had grown accustomed to a lifestyle they say was “fabulously gay,” replete with designer clothes, gourmet meals, weekend brunches and expensive vacations. There was only one problem: They couldn’t afford it.”We were living beyond our means because we felt compelled to do that, either to prove to people… […]

The plant-based protein boom has stalled, with buzzy startups humbled and food giants retreating, but Cargill forecasts 70% more protein consumption over the next 25 to 30 years. “That protein has to come from somewhere,” says its chief technology officer and head of R&D, Florian Schattenmann.CargillCargill is hardly a household name among consumers — even… […]

The S & P 500 notched its best week since March as a pair of key inflation reports hit their marks and the Federal Reserve delivered on an expected pause in raising interest rates. Investors will have much less data to pore over in the week ahead. For starters, the markets are closed on Monday… […]

Alibaba founder Jack Ma is “happy,” according to the company’s President Michael Evans. Te comments come as speculation about the billionaire’s activities continues following China’s crackdown on Ma’s empire.Costfoto | Future Publishing | Getty ImagesPARIS — Alibaba founder Jack Ma is “alive” and “happy,” the Chinese e-commerce giant’s president said Thursday, after speculation continues about… […]

Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, during the EEI 2023 event in Austin, Texas, US, on Monday, June 12, 2023.Jordan Vonderhaar | Bloomberg | Getty ImagesChinese President Xi Jinping met Microsoft’s co-founder Bill Gates on Friday and said he hopes the friendship between Chinese and Americans will continue, state media CCTV reported.”The… […]

U.S. Secretary of State Antony Blinken boards his plane for travel to Berlin at Joint Base Andrews, Maryland, June 22, 2021.Andrew Harnik | Pool | ReutersBEIJING — U.S. Secretary of State Antony Blinken is set to travel to Beijing this weekend in his first trip to China under the Biden administration.Delayed by more than four… […]

Saudi Foreign Minister Faisal bin Farhan al-Saud (C-R) and Vice Chairman of the Chinese People’s Political Consultative Conference (CPPCC) Hu Chunhua attend 10th Arab-China Business Conference in Riyadh, on June 11, 2023.Fayez Nureldine | Afp | Getty ImagesBEIJING — Venture capitalists in China that once relied on U.S. investors are now holding court with Middle… […]

PGA TOUR logo is seen during the second round of the Farmers Insurance Open at Torrey Pines South on January 29, 2021 in San Diego, California.Ben Jared | Pga Tour | Getty ImagesThe Department of Justice’s antitrust division has informed the PGA Tour it will review the organization’s proposed merger with Saudi-funded LIV Golf, a… […]

Michael Moritz, Sequoia Capital Scott Mlyn | CNBC As leading tech investors continue to vocally take sides ahead of the 2024 presidential election, legendary venture capitalist Michael Moritz is making his preference clear. In a Financial Times opinion piece published Monday, Moritz wrote that those in the industry who are supporting Donald Trump “are making […]

Sopa Images | Lightrocket | Getty Images Artificial intelligence stocks powering much of 2024’s market gains dropped Monday as U.S. recession fears sparked a global sell-off on Wall Street, and concerns mounted over the return on investment for AI spending. The sector declines come after Friday’s disappointing July jobs report stoked recession concerns, and worries […]