OPEC+ has agreed to raise oil production in October, though at a slower pace than in previous months, as global demand shows signs of weakening. The decision, announced on Sunday after an
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Commerce Secretary Howard Lutnick suggested that the Bureau of Labor Statistics’ (BLS) new jobs report would be more reliable after President Donald Trump’s decision to remove former Commissioner Erika McEntarfer. Speaking on
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Salesforce has eliminated 4,000 roles in its customer support division, CEO Marc Benioff confirmed while discussing the company’s increasing reliance on artificial intelligence. The announcement was made during an interview published Friday
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Inflation crept higher in July, showing fresh signs that President Donald Trump’s tariffs are feeding into the U.S. economy. The Commerce Department reported on Friday that the personal consumption expenditures (PCE) price
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The U.S. dollar traded little changed on Thursday as investors increased their bets that the Federal Reserve could reduce interest rates as soon as next month. The speculation followed comments from New
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Tesla rejected a $60 million settlement proposal in a wrongful death lawsuit stemming from a 2019 fatal crash involving its Autopilot system. The disclosure came in a Monday court filing in Miami,
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Tesla has raised the price of its most expensive Cybertruck model by $15,000 in the United States, even as sales figures fall short of expectations and quality issues continue to plague the
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China is expected to leave its benchmark lending rates unchanged for a third consecutive month, even as fresh data points to economic headwinds. A Reuters survey of 23 market watchers found unanimous
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Intel shares climbed nearly 4% on Friday amid speculation that the U.S. government could step in with further financial backing for the struggling chipmaker. Reports suggested that the administration is weighing a
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U.S. President Donald Trump has ignited controversy by striking a deal with Nvidia to allow sales of certain AI chips to China in exchange for a 15% cut of the company’s revenue
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