Economy
The economic crunch ahead of the election crunch
Welcome to the daily Inside Scoop newsletter. It’s Emily. Yasmin is off today. Business and data correspondent Brian Cheung filled…
Category: Economy
Economy
Economy
Netflix to cut about 6% of worldwide staff
Netflix is eliminating about 6% of its employee roster, or roughly 1,000 jobs, in a round of layoffs announced internally…
Economy
Bank of America ordered to pay historic $1.2 billion fine over alleged sanctions and anti-money laundering violations
Bank of America was ordered Tuesday to pay $1.2 billion to the Treasury Department, which said it violated anti-money laundering…
Economy
Diesel futures jump, signaling higher prices to come despite Trump’s Russia deal
Diesel futures traded sharply higher Tuesday, as doubts mounted about the likely impacts of the Trump administration’s latest efforts to…
Economy
Wall Street, crypto firms could face scrutiny if Democrats win majorities in midterms
A Democratic victory in one or both chambers of Congress would not stop President Donald Trump’s administration from handing regulatory…
Economy
Character.AI files for bankruptcy, to sell some assets to Disney for $20 million
Chatbot platform Character.AI said on Monday it has filed for bankruptcy in the US and has agreed to sell some…
Economy
The Economist Who Forgot Economics
Daron Acemoglu won the Nobel Prize in economics in 2024 and is the third most cited economist of all time.…
Economy
Trump eases Russia sanctions, says Putin will release diesel supplies amid unprecedented price spike
President Donald Trump said Friday that Russian President Vladimir Putin would “immediately” release hundreds of thousands of tons of diesel…
Economy
Gas prices face new threat as Hurricane Isaias forces widespread Gulf oil shutdowns
A powerful storm snaking its way through the Gulf of Mexico threatens to disrupt U.S. oil and gasoline production at…
Economy
AI boom and soaring debt push U.S. Treasury yields to highest levels since 2002
The yields on key U.S. Treasury bonds touched fresh 24-year highs Wednesday as the latest global bond sell-off picked up…