January 2025

UK Retail Sales Fall in December, Raising Recession Fears

Unexpected Drop in Retail Sales Stokes Economic Concerns British retail sales fell unexpectedly by 0.3% in December, according to Office for National Statistics (ONS) data released on Friday. The decline, which follows

11 hours ago

Economy

Wall Street Rallies as S&P 500 and Dow Head for Best Week Since November

Markets Surge Ahead of Trump’s Inauguration Wall Street’s major indexes climbed on Friday, with the S&P 500 and Dow Jones Industrial Average on track for their biggest weekly gains since November. The

11 hours ago

Markets

goldman-sachs-boosts-ceo-david-solomon-pay-to-39m-adds-80m-retention-bonus

Goldman Sachs Boosts CEO David Solomon’s Pay to $39M, Adds $80M Retention Bonus

Goldman Sachs Increases CEO Compensation and Locks in Leadership Goldman Sachs has raised CEO David Solomon’s compensation by 26% to $39 million for 2024, according to a regulatory filing. Additionally, the firm’s

11 hours ago

Business

chinas-economy-grew-5-percent-in-2024-but-growth-remains-uneven

China’s Economy Grew 5% in 2024, But Growth Remains Uneven

China Hits Growth Target, But At What Cost? China’s economy expanded by 5% in 2024, matching Beijing’s official growth target, but underlying economic weaknesses persist, raising concerns about the sustainability of its

12 hours ago

Economy

Supreme Court Upholds TikTok Ban Law, Forcing ByteDance to Divest

U.S. Supreme Court Rules Against TikTok’s Parent Company In a unanimous decision, the U.S. Supreme Court has upheld the law requiring China-based ByteDance to divest its ownership of TikTok by Sunday, January

12 hours ago

Business

Gaza Ceasefire Set to Begin, But What Remains?

Ceasefire to Take Effect, but Gaza Faces a Devastated Landscape A ceasefire between Israel and Hamas is set to take effect on Sunday, January 19, following an agreement reached to end Israel’s

1 day ago

Politics·World

American Express to Pay $230 Million to Settle U.S. Probes

Settlement Reached Over Deceptive Sales Practices American Express (NYSE: AXP) announced on Thursday that it will pay approximately $230 million to settle U.S. criminal and civil investigations into alleged deceptive sales practices

1 day ago

Business

blue-origin-new-glenn-rocket-successfully-reaches-orbit

Blue Origin’s New Glenn Rocket Successfully Reaches Orbit

Historic First Flight for Blue Origin’s Heavy-Lift Rocket Blue Origin, the space launch company founded by Jeff Bezos, successfully tested its New Glenn heavy-lift rocket for the first time early this morning.

1 day ago

Business

Tesla Discounts Cybertruck Amid Slowing Production and Sales

Price Cuts on New and Demo Cybertruck Models Tesla has started offering discounts on new Cybertruck vehicles in its inventory, marking the latest shift in pricing strategy for the highly anticipated electric

1 day ago

Business

European Markets Close Higher as Luxury Stocks Surge

Strong Gains Across European Indices European markets closed higher on Thursday, led by strong performances in the luxury and technology sectors. The regional Stoxx 600 index ended the day up 0.93%, with

1 day ago

Markets

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