Republic First seizure signals more bank failures to come, expert warns
The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after a string of regional banks collapsed early last year.
Williams Sonoma labeled Chinese-made merchandise American made; ordered to pay over $3M
The FTC and the Justice Department said Friday that Williams-Sonoma Inc. has agreed to a settlement, which includes a $3.175 million civil penalty.
Biden administration delays plan to ban menthol cigarettes
The Biden administration has decided to delay banning menthol cigarettes, saying it will require more discussion related to the civil rights and criminal justice movements.
Modi doesn't need Musk to win elections, but billionaire's visit a boon for India, expert says
India's electric vehicle market remains underdeveloped, with EV's making up around 2% of car sales in the country, which ranks as the third-biggest automobile market.
Eli Lilly's weight loss drug reduces sleep apnea, study shows
Eli Lilly noted that tirzepatide reduced sleep apnea severity by up to nearly two-thirds in adults that have both obstructive sleep apnea and obesity.
Biden takes action against China’s unfair practices to protect US steel and shipbuilding industries
Biden called on the United States Trade Representative to triple the tariff rate on Chinese steel and aluminum imports and to investigate China’s unfair shipbuilding practices.
Justice Department to sue Ticketmaster, Live Nation for alleged monopoly over ticketing industry: report
Ticketmaster's parent company, Live Nation, could face an anti-trust lawsuit from the Department of Justice as soon as next month, a report says.
US drug shortages hit all-time high, pharmacists warn
Pharmacists warned in a recent report that drug shortages in the U.S. have hit an all-time high. Some of these are critical life-saving medications such as cancer treatments.
Economists weigh pros and cons of Trump plan for 60% tariff on China
Economists debate the pros and cons of former President Trump's proposed 60% tariff on all Chinese imports, which could raise prices on American business and consumers.
Dimon says AI could have similar impact as the printing press, electricity and internet
JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders that artificial intelligence can be as transformational as the printing press, electricity and the internet.
Biden admin weighs labels for products made by Israeli settlers in West Bank: report
The Biden administration is reportedly considering requiring products made in the West Bank by Israeli settlers to say those goods were made in the West Bank instead of Israel.
Yellen says 'tough conversations' needed on China's overproduction
Treasury Secretary Yellen met with Chinese Premier Li Qiang on Sunday during her trip to China and raised concerns about China's overproduction of EVs and green tech.
Apple and Nvidia may see supply chain disruptions from Taiwan earthquake
Taiwan was struck by its biggest earthquake in 25 years this week and the country's semiconductor industry may face some disruptions as it restores operations.
US has a shortage of manufacturing workers and it threatens global competitiveness
American manufacturing businesses will need about 3.8 million new workers between 2024 and 2033 but up to half of those roles may go unfilled, according to a new study.
Trapped vessels navigate Port of Baltimore after bridge collapse
Vessels trapped in the Port of Baltimore have begun to navigate a temporary channel cleared by the Coast Guard and state of Maryland after the Key Bridge collapsed last week.
Maryland governor warns bridge collapse will have 'massive impact' on US economy across multiple industries
Maryland Gov. Wes Moore on Sunday warned that industries ranging from farming to auto sales across the country would be hurt by the bridge collapse.
Baltimore port closure may hit US coal export volumes
The Port of Baltimore's temporary closure following the collapse of the Francis Scott Key Bridge could impact U.S. exports of coal, given its role as the second-largest coal export hub.
Chinese company buys European flying car technology: report
A technology behind a European designed flying car, known as AirCar, has been purchased by a Chinese firm called Hebei Jianxin Flying Car Technology Company for an undisclosed fee.
Baltimore bridge collapse shutters port indefinitely, impacting supply chain
The collapse of the Francis Scott Key Bridge after the container ship Dali collided with it has prompted the closure of the Port of Baltimore for an indefinite period of time.
Baltimore bridge collapse to bring trade and traffic chaos
The collapse of the Francis Scott Key Bridge is expected to have major repercussions for trade and traffic, with cargo ships likely to be rerouted causing backlogs and price increases.