Indonesia has banned e-commerce transactions on social media platforms to protect offline merchants, posing a setback for TikTok's e-commerce ambitions in Southeast Asia's largest economy.
Wawa, a Pennsylvania-based gas station and convenience store chain, plans to open 60 stores in Ohio over the next 10 years, starting in Cincinnati and Dayton, investing $420 million and creating over 2,000 jobs statewide.
Gold and silver prices are weaker due to chart-based selling and bearish outside market elements, including a strong U.S. dollar index and high U.S. Treasury yields, while risk appetite is low due to concerns about a possible U.S. government shutdown; however, China's upbeat economic news suggests potential stabilization, and Australia's consumer price inflation has increased.
The United Auto Workers continue negotiations with the Detroit Three automakers on day 13 of the strike, as former President Donald Trump visits Michigan to speak at an auto supplier and show his support, while the union seeks greater support from President Biden for a transition to electric vehicles.
London's office market is experiencing a "rental recession" with vacancies at a 30-year high, driven by remote and hybrid working as well as a shift towards sustainable offices.
Home prices rose nationwide, reaching a new high in July, despite affordability challenges, with gains in some cities, such as Phoenix, Arizona, slowing down, according to the latest S&P CoreLogic Case-Shiller Indices report.
Mortgage rates reaching their highest level in almost 23 years are causing a decline in demand for new loan applications.
ProPublica and the Pittsburgh Post-Gazette's investigation reveals that Philips Respironics, a medical device manufacturer, suppressed evidence that their breathing machines posed serious health risks to users, including potential cancer and other severe illnesses, for over a decade before issuing a recall.
The 10-year U.S. Treasury yield rose to a 15-year high, while key reports on new home sales and consumer confidence fell short of expectations, leading investors to consider the potential for interest rate hikes and a potential U.S. government shutdown.
Shares of Evergrande Group, the troubled Chinese property developer, plummeted further amid concerns of a possible liquidation, following a warning that its offshore debt restructuring plan may be in jeopardy due to a regulatory probe, increasing investors' fears.
A family in Houston filed a lawsuit against Jack-in-the-Box after a drive-thru employee allegedly shot at them during an argument over missing curly fries, prompting concerns over the company's employee screening process and customer safety.
Asian stocks declined as concerns over higher U.S. interest rates and a Chinese economic slowdown weighed on the technology sector and investor sentiment.
Palantir Technologies' shares are trading higher after being awarded a $250 million contract from the U.S. Department of Defense for artificial intelligence and machine learning research and development.
The U.S. government has sued eBay for violating the Clean Air Act and other environmental laws by allowing the sale of harmful products, potentially facing billions of dollars in penalties.
Goldman Sachs' chief economist predicts that the U.S. government is likely to face a two-to-three-week-long shutdown beginning on October 1 due to the failure to reach an agreement on annual budget legislation.
Health-care providers in the United States prescribed over 9 million prescriptions for weight-loss drugs, including Ozempic, in the last quarter of 2022, according to an analysis by Trilliant Health, indicating a significant increase in quarterly prescriptions and a rise in off-label use for weight loss purposes.
The recent pause in rate hikes by the Fed suggests that savings rates have reached their peak and are unlikely to go much higher, making it a good time to lock in a CD term and diversify short- and long-term savings.
Ford's decision to halt the construction of a $3.5 billion battery plant in Michigan highlights the challenge for Tesla's competitors in the US market, as most of these automakers are struggling to sell enough electric vehicles at high volumes to support profitable assembly plants, according to Reuters analysis.
The stock market's bull case depends on the S&P 500 breaking above a key level for continued gains.
The winner of the $1.602 billion Mega Millions jackpot sold at a Florida Publix has officially come forward to claim their prize, but their identity will remain confidential until December 25, 2023, according to Florida state law.
Former cryptocurrency billionaire Sam Bankman-Fried, currently in jail awaiting trial for fraud, has requested permission from a US judge to wear a suit during his trial and provided a detailed list of clothing items he wishes to have including jackets, slacks, shirts, ties, and shoes.
The gold market remains near a six-month low as it tests support above $1,900 an ounce, but is not experiencing major selling pressure despite strong US manufacturing data, with December gold futures currently trading at $1,909.60 an ounce.
Oil prices are expected to rise above $100 a barrel for the first time in over a year as analysts believe Saudi Arabia's deep reduction in oil output is driving the increase, despite concerns about global economic growth.
NextEra Energy Partners (NEP) has reduced its growth outlook and adjusted its distribution growth rates in response to tighter monetary policy and higher interest rates, focusing instead on higher-yield opportunities such as repowering wind assets and acquiring renewable projects.
Media stocks rise after the end of the writer strike, with Warner Bros. Discovery and Paramount Global seeing significant gains, while MillerKnoll's stock soars after strong earnings and increased guidance for the year.
Micron Technology predicts poor earnings but anticipates a turnaround in the near future.
Tesla's Q3 delivery numbers are expected to be released next week, with analysts predicting varying estimates amid potential production and delivery setbacks.
Minneapolis Federal Reserve President, Neel Kashkari, is uncertain if the current interest rate is sufficient to control inflation, as sectors of the economy that normally react to rate hikes continue to perform well.
Approximately 60% of Americans are living paycheck to paycheck, facing financial challenges due to high inflation, higher interest rates, and stagnant wage growth.
China Evergrande Group shares dropped by as much as 8% after a unit of the company failed to make a 4 billion yuan ($547 million) bond repayment, adding another setback to the embattled property developer's ongoing financial troubles.
The European Commission has launched an investigation into Chinese electric vehicle subsidies, which will be fact-based and conducted in accordance with EU and WTO rules.
Mercedes has unveiled concept vehicles at the IAA Mobility auto show in Munich, featuring a range of over 466 miles on a single charge, surpassing Tesla models, while BMW revealed an electric vehicle with improved range and faster charging.
Farmers Insurance is laying off 2,400 employees, about 11% of its workforce, in a corporate restructuring effort to improve efficiency and long-term profitability amid challenges in the insurance industry and the need to reduce risk exposure and operating costs in regions prone to natural disasters.
California drivers can now enroll in a DMV pilot program to put a digital driver's license on their mobile phones, which is considered valid identification at TSA PreCheck lines but not yet accepted for purchasing age-restricted products.
A Delta flight from Atlanta to Barcelona was delayed for eight hours after a passenger suffered from diarrhea, causing the plane to turn back and be cleaned.
Members of United Auto Workers Local 2209, representing employees at GM Fort Wayne Assembly, voted overwhelmingly to authorize a strike if a new contract agreement is not reached by the September 14 deadline.
Virgin Galactic is targeting September 8 for its third commercial spaceflight, Galactic 03, which will carry three paying customers to and from suborbital space.
Mercedes-Benz does not expect all of its sales in Europe to be all-electric by 2030, but will have its line-up ready, according to CEO Ola Kaellenius, citing the need for infrastructure and market demand for the transition to electric vehicles.
Huawei and China's top chipmaker SMIC have developed an advanced 7-nanometer processor for the new Huawei Mate 60 Pro smartphone, marking progress in China's domestic chip ecosystem and a challenge to U.S. restrictions on Huawei's access to chipmaking tools.
The Internal Revenue Service (IRS) is allowing eligible Americans to continue making catch-up contributions to their retirement accounts on a pretax basis until 2025, delaying the implementation of a rule that mandates after-tax contributions for higher-income individuals as part of the Secure 2.0 Act.
A Delta Airlines flight from Atlanta to Barcelona had to make an emergency landing after a passenger had diarrhea throughout the plane, causing a biohazard situation.
Air Canada passengers were forced off a plane after refusing to sit on vomit-covered seats for a five-hour flight, despite the airline's attempts to mask the smell and unwillingness to provide blankets to cover the seats, leading to the pilot giving the passengers an ultimatum to leave the plane voluntarily or be escorted off by security.
Tesla CEO Elon Musk posted an image of a "production candidate" Cybertruck at the company's Texas factory, indicating that the highly anticipated vehicle may be closer to launch than expected.
Novo Nordisk plans to launch its weight-loss drug Wegovy in more countries, despite shortages caused by high demand, according to CEO Lars Fruergaard Jorgensen.
Goldman Sachs is selling part of its wealth business to independent wealth manager Creative Planning as part of its strategy to focus on targeting the super rich, with the sale expected to close in the fourth quarter.