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Economy
Klarna losses double as Buy Now Pay Later defaults reach 17% amid inflation
Klarna, a significant player in the buy now, pay later (BNPL) space, has faced losses…
General Motors recalls 23,000 Corvettes over fuel spill fire safety concerns
General Motors has recalled more than 23,000 Chevrolet Corvettes in response to a fuel leak…
European, Asian postal services halt US shipments as Trump ends tariff exemption
Postal services in Europe and around the world plan to halt shipping merchandise to the…
Canada plans to lift tariffs on some US goods to resume trade talks: report
Canada announced on Friday that it will remove many of the retaliatory tariffs imposed on…
President Trump threatens to fire Fed governor if she doesn’t resign
President Donald Trump on Friday threatened to fire a member of the Federal Reserve's board…
Powell says economic risks shifting in Jackson Hole speech as Fed eyes rate cuts
Federal Reserve Chair Jerome Powell on Friday said that the "balance of risks appears to be…
Consumer spending on live sporting events up 25% from pre-pandemic levels
A new analysis from the Bank of America Institute found that consumer spending on live sporting…
Two potential picks to replace Fed Chair Powell stand out: El-Erian
Allianz chief economic advisor Mohamed El-Erian said Wednesday that he sees two of the contenders…
Trump-China trade agreement could include major 500 Boeing plane sale
Aerospace giant Boeing is in talks to sell as many as 500 planes to China…
Real estate market frozen as buyers await Jerome Powell rate cuts
If you’ve flipped through the real-estate pages lately – or just tried to pull up…
Fed’s July minutes show tariff inflation concerns kept rates unchanged
The minutes of the Federal Reserve's July meeting released on Wednesday showed that policymakers were more…
Trump calls for Fed governor to resign as ally requests Justice Department probe
President Donald Trump on Wednesday called for the resignation of a Federal Reserve governor after…
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