Despite the U.S.-Iran ceasefire agreement, the Persian Gulf has seen on-again, off-again fighting as both sides try to assert control over the Strait of Hormuz. Iran insists that all traffic must receive its OK and has attacked ships attempting to…
Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the world’s biggest auto market. At Volkswagen, Mercedes-Benz, BMW and Porsche, China sales for the April-June quarter plummeted between 30% and 41% compared…
How Americans define who is working class may have more to do with economic anxiety than income or education levels. A recently surfaced survey of Democratic Socialists of America members showed that 13% were white-collar workers, down from 21% in…
When iPhone engineer Chang Liu quit for a job at OpenAI’s nascent hardware division, Apple Inc. says he left with more than just years of experience. According to a lawsuit filed Friday, Liu departed with three things: a company-issued MacBook he…
When the FIFA delegation flew into Kansas City to evaluate its World Cup bid, local organizers left nothing to chance. They mapped the delegation’s routes to avoid traffic, stationed volunteers at the airport, and pulled roughly two dozen children from…
Oil prices have retreated as the U.S.-Iran war recedes, despite occasional skirmishes, but inflationary trends will continue to apply pressure from all sides. That will keep Wall Street on high alert for rate hikes from the Federal Reserve, with policymakers…
A sweeping housing bill became law on Saturday without Donald Trump’s signature, or any White House fanfare, after the president soured on a package of dozens of affordability provisions that he derided as “a yawn.” Trump’s scuttled support and the dead-of-night enactment are setbacks…
The hiring boom the FIFA World Cup was expected to bring to the US looks like it may not end up materializing after all. Ahead of the June 11 kickoff of the soccer tournament, the first in the US since…
Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency. The drop, which the agency expects to amount to…
Wealthy American families are increasingly seeking to book assets outside the United States — a shift so pronounced that one of Citi’s top wealth executives says she’s never seen anything like it in her career. “The first time ever in…