Business

China to See Biggest Exodus of Millionaires in 2022 China, with the world's second-largest economy and the second-highest population, will...

Federal Reserve Pauses Interest Rate Hikes After 10 Straight Increases to Assess Inflation Implications

The Federal Reserve Pauses Interest Rate Hikes Background The Federal Reserve announced that it would be pausing interest rate hikes...

Mediterranean Fast-Casual Chain Cava Prices IPO at $22 per Share, Valued at $2.45 Billion

Cava prices IPO at $22 per share Background Mediterranean fast-casual restaurant chain Cava priced its initial public offering at $22...

President Erdogan Appoints New Treasury and Finance Minister, but Stresses No Change in Interest Rate Policy

President Erdogan: Treasury Minister to Take Swift Steps with Central Bank President Recep Tayyip Erdoğan on Wednesday said his newly...

Toyota Shares Hit 16-Month High After Shareholders Retain Chairman and Approve Renewed Strategy

Toyota Shares Hit a 16-Month High After Shareholders Retain Akio Toyoda as Chairman Background Toyota shares hit a 16-month high...

U.S. Consumer Prices Rise Moderately in May, Smallest Annual Increase in Inflation in Over Two Years, but Underlying Price Pressures Remain Strong

U.S. Consumer Prices Rise Moderately in May U.S. consumer prices rose moderately in May, leading to the smallest annual increase...

Eli Lilly CEO warns Medicare price negotiations could harm drug development

Medicare Price Negotiations Could Harm Drug Development, Says Eli Lilly CEO Eli Lilly CEO David Ricks on Tuesday said Medicare...

Synthesia Raises $90 Million from Investors, Including U.S. Chip Giant Nvidia, for AI-Generated Videos

Synthesia Raises $90 Million in Funding Round Led by Accel and Nvidia The Company's Mission Synthesia, a digital media platform...

UK Labor Market Soars, Putting Pressure on Bank of England to Raise Interest Rates

The UK Labor Market Outperforms Expectations The labor market in the United Kingdom outperformed even the highest expectations of economists...

SoftBank’s Vision Fund Arm Plans Fresh Round of Layoffs, Impacting Up to 30% of Staff, Sources Say