Economy
Abbott to pay $385 million to settle allegations of contamination at a baby formula factory
Abbott Laboratories will pay $385 million to resolve claims tied to an investigation of contamination at a baby formula factory…
Category: Economy
Economy
Economy
Bessent dared the markets to ‘bet against’ him. Bond traders did — and appear to be winning.
Treasury Secretary Scott Bessent appears to be losing a tug-of-war with the bond markets he is also trying to influence.…
Economy
For the U.S. news industry, a tough summer draws to a close with McClatchy chain’s cuts
Closing out a turbulent summer for the news industry, the McClatchy newspaper chain has made deep cuts at The Miami…
Economy
Trump says he would be OK with China building cars in the U.S.
WASHINGTON — President Donald Trump said on Friday he would not oppose Chinese automakers building cars in the United States…
Economy
Inflation ticked up in August, setting the stage for the Fed to hike interest rates
The prices U.S. consumers pay for goods and services continued to climb in August, with the Bureau of Labor Statistics…
Economy
The Economist Who Forgot Economics
Daron Acemoglu won the Nobel Prize in economics in 2024 and is the third most cited economist of all time.…
Economy
Racketeering conspiracy trial against Chinese tech giant Huawei begins in New York
A racketeering conspiracy trial of Huawei Technologies began in New York on Wednesday with federal prosecutors accusing the Chinese tech…
Economy
Singapore man in U.S. pleads guilty to orchestrating $240 million bitcoin theft
WASHINGTON — A 22-year-old man pleaded guilty on Tuesday to teaming up with friends to steal nearly a quarter-billion dollars…
Economy
Bessent’s move to tamp down rising rates backfires as bond yields jump and stocks tumble
Bonds sharply sold off and stocks tumbled Wednesday after Treasury Secretary Scott Bessent’s latest effort to tamp down what he…
Economy
Florida attorney general sues Netflix over ‘bait-and-switch’ on privacy for kids
Florida’s attorney general filed a sweeping lawsuit Wednesday against Netflix, accusing the Hollywood streaming giant of misleading consumers about its…