People shopping at a Chagee store in Shanghai, China, on Oct. 18, 2023. Costfoto | Nurphoto | Getty Images Shares of Chinese tea chain Chagee climbed 15% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between Washington and Beijing. The stock, which is trading on the
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An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy is trying to make it easier for shoppers to purchase products from local merchants and avoid the extra cost of imports as President Donald Trump’s sweeping tariffs raise concerns about soaring
On Monday April 14, 2025, the peer-reviewed sociology journal Socius published an article called “Breaking Free of the Iron Cage,” a striking title. Why was Breaking Free of the Iron Cage so arresting that even the lofty physics outlet Phys.org gave it space? StudyFinds, an outlet that sums up the latest eye-catching scientific research, said Breaking Free of
Eli Lilly on Thursday said its daily obesity pill met the company’s goals in the first of several late-stage trials, helping patients with Type 2 diabetes lower their blood sugar and body weight and showing safety comparable with popular injections on the market. The trial results are among the pharmaceutical industry’s most closely watched studies
Former Cybersecurity and Infrastructure Security Agency Director Chris Krebs testifies before a Senate Homeland Security and Governmental Affairs hearing to examine claims of voter irregularities in the 2020 election, in the Dirksen Senate Office Building, in Washington, U.S., December 16, 2020. Jim Lo Scalzo | Reuters A week ago, President Donald Trump signed an executive
“For Sale” and “Sale Pending” signs in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. David Ryder | Bloomberg | Getty Images Mortgage rates jumped to the highest level since February last week, dampening overall demand and sending homebuyers in search of riskier loans with lower rates. Total mortgage application
Dylan Field, co-founder and CEO of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 11, 2024. Bloomberg | Bloomberg | Getty Images Design software maker Figma said on Tuesday that it has submitted paperwork to the U.S. Securities and Exchange Commission for
An American Airlines plane on the runway at Miami International Airport in Miami, Florida, on Oct. 25, 2024. Joe Raedle | Getty Images American Airlines plans to offer Wi-Fi for free starting in January as more carriers opt for complimentary internet service for their loyalty program members, increasing pressure on holdouts. The free Wi-Fi will
A person runs past Dunster House at Harvard University in Cambridge, Massachusetts, March 17, 2025. Scott Eisen | Getty Images Harvard University on Monday rejected demands by the Trump administration to eliminate its DEI programs and screen international students for ideological concerns, putting nearly $9 billion in federal funding for the university at risk. “No
A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022. AaronP | Bauer-Griffin | GC Images | Getty Images Airlines have a bird’s eye view of the economy, and CEOs are seeing clouds. Delta Air Lines and Frontier Airlines pulled their 2025 outlooks last week, calling out a murky U.S.
When the stock market is in the middle of a panic, investors flee to bonds. Last week, that fundamental “flight to safety” approach didn’t work. A surge in U.S. treasury bond yields sparked questions about the fundamental role of bonds in a diversified portfolio, and even bigger questions about whether an unprecedented shift away from
From left, U.S. President Donald Trump, Senator Dave McCormick, his wife Dina Powell McCormick and Elon Musk watch the men’s NCAA wrestling competition at the Wells Fargo Center in Philadelphia, Pennsylvania, on March 22, 2025. Brendan Smialowski | Afp | Getty Images Meta on Friday announced that it was expanding its board of directors with
Sam Altman, left, and Elon Musk. Muhammed Selim Korkutata | Anadolu | Getty Images A group of 12 ex-OpenAI staffers, in support of Elon Musk’s lawsuit against the artificial intelligence startup, asked a court’s permission on Friday to share their concerns about the company’s transformation into a for-profit entity. The individuals collectively worked at OpenAI
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Founders Fund, the venture capital firm run by billionaire Peter Thiel, has closed a $4.6 billion
Rescue workers and emergency personnel work at the scene of a helicopter crash on the Hudson River near lower Manhattan in New York, U.S., as seen from Newport, New Jersey, April 10, 2025. Eduardo Munoz | Reuters A sightseeing helicopter crashed into the Hudson River off of Manhattan Thursday, killing all six people on board.
Jennifer, center, whose husband Kilmar Abrego Garcia was deported by ICE, is hugged by a staff member of CASA, at the CASA Multicultural Center during a press conference ahead of Garcia’s hearing. The Washington Post | Getty Images The Supreme Court on Thursday upheld a lower court order that the Trump administration must “facilitate” the
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around artificial intelligence, along with a more competitive chip market, will eventually bring down costs around the technology. “AI does not have to be as expensive as it is today, and it won’t be in the future,” Jassy
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters in Cupertino, California, on Sept. 9, 2024. Justin Sullivan | Getty Images Apple shares skyrocketed 15% on Wednesday after President Donald Trump announced a 90-day pause on his administration’s “reciprocal tariffs,” which would have affected the company’s production
A for-sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Volatility in financial markets caused a sharp drop in mortgage interest rates last week, which resulted in a big spike in mortgage demand. Total mortgage application volume jumped 20% last week
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