Federal prosecutors in the United States have charged three men tied to Super Micro Computer in what authorities describe as a sweeping effort to send advanced artificial intelligence server technology …
Economy
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Economy
US GDP Revised Down to 0.7% as Inflation Hits 3.1% Before Iran War
by Lissa Oxmemby Lissa OxmemThe United States economy entered 2026 with signs of slowing momentum after official figures showed that US GDP growth for the fourth quarter was revised down to just 0.7%. The …
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Economy
US Consumer Confidence Surges in February, Job Outlook Brightens
by Lissa Oxmemby Lissa OxmemUS consumer sentiment improved in February 2026, offering a welcome sign of resilience in the world’s largest economy after a shaky start to the year. Newly released survey data showed …
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Economy
UPS to Cut 30,000 Jobs as Company Pushes Major Restructuring Plan
by Lissa Oxmemby Lissa OxmemUnited Parcel Service (UPS) announced on January 28, 2026, during its latest earnings update, plans to cut up to 30,000 jobs as part of a broad restructuring effort aimed at …
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Among the world’s top 10 billionaires in 2026, Elon Musk is in first place with $714 billion, followed by Larry Page, Jeff Bezos, Larry Ellison, Sergey Brin, Mark Zuckerberg, Bernard …
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Economy
Trump Second Term How Tough Tariffs and a Bold Crime Crackdown
by Lissa Oxmemby Lissa OxmemDonald Trump is closing in on the first year of his Trump Second Term, and he is already framing it as a comeback story built on two pillars he says …
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Economy
World’s Top 10 Highest-Valued Currencies in 2025: Where Does the US Dollar Stand?
by Akash Biswasby Akash BiswasThe Kuwaiti Dinar has maintained its position as the world’s highest-valued currency in 2025, with an exchange rate of approximately 1 KWD = 3.27 USD. The main reasons for the …
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Economy
Trump’s Bold Strategy Forces Stellantis to Shift Auto Jobs to America
by Lissa Oxmemby Lissa OxmemIn a stunning turn of events that underscores the shifting landscape of North American trade, Stellantis the parent company of Chrysler, Jeep, Dodge, and Ram has announced plans to move …
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Economy
US Treasury Chief Warns: Government Shutdown Is Now Hitting the Economy
by Akash Biswasby Akash BiswasThe US federal government shutdown that began a few days ago is starting to affect the country’s economy, US Treasury Secretary Scott Bessent said on Monday (October 13) as the …
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China is the world’s top exporter, accounting for 14.6% of global merchandise exports in 2024, the highest overall. The United States is in second place among the top 10 exporting …