GLOBAL ECONOMY

Global shipping rates are rising rapidly after several months of attacks by Yemen's Houthi militants in the Red Sea, a key waterway for global trade.

Tesla CEO Elon Musk told investors that Chinese electric vehicle makers are poised to "demolish" their competitors globally without trade barriers or tariffs.

The CDC says the number of overdose deaths from fake prescription drugs has been rising since 2019. Some businesses are using artificial intelligence to identify counterfeit drugs.

Apple has resumed selling its Series 9 and Ultra 2 Apple Watches without blood oxygen sensors enabled amid its ongoing patent infringement dispute with medical technology firm Masimo.

DHL CEO Tobias Meyer said in Davos Wednesday the disruptions to global shipping caused by Houthi rebel attacks in the Red Sea could soon result in a shipping container shortage in Asia.

Chevron CEO Michael Wirth said he is surprised U.S. crude oil is trading under $73 a barrel and that Houthi attacks in the Red Sea pose a "very real" risk to oil prices.

Apple Watches that were redesigned amid the tech giant's patent infringement dispute can bypass an import ban because they lack pulse oximetry technology, Masimo said in a court filing.

A new report from the International Monetary Fund estimates generative artificial intelligence will affect around 60% of U.S. jobs and warns it could deepen inequality globally.

Soaring shipping costs following attacks by Iran-backed Houthi militants in the Red Sea and Suez Canal are raising fears of another supply chain crisis.

Biden’s new move against bipartisan intellectual property rules is designed to hurt small business and curtail innovation that contributed up to $1 trillion to the economy.

Eli Lilly, which makes obesity and diabetes drugs like Zepbound and Mounjaro, has launched a new website that connects patients to telehealth services, but the service worries some health experts.

Eli Lilly launched a new website to give patients suffering from obesity and diabetes access to telehealth providers. They can also get drugs delivered right to their home.

The U.S. was the world's leading exporter of liquefied natural gas (LNG) in 2023 after setting monthly and annual records in December, according to tanker tracking data

A former employee of Vitol, the world's largest oil trader, is going on trial in the U.S. for allegedly bribing officials in Ecuador to secure a $300 million contract.

Consulting firm McKinsey & Co. has agreed to pay $78 million to resolve claims that its work with drug companies helped fuel the U.S. opioid epidemic.

The U.S. Department of the Treasury announced sanctions Thursday on the money network tied to a Yemen Houthi militia accused of shipping vessel attacks.

Arizona-based Grand Canyon University, the largest Christian University in the U.S., is being sued by the Federal Trade Commission over deceptive advertising of doctoral programs.

A federal appeals court paused a trade commission's ban on the import and sale of certain Apple Watches amid the company's patent dispute with Masimo.

The head of digital assets for Goldman Sachs says the marketplace is expected to grow next year as businesses become more familiar with the technology's applications.

Apple is appealing a ruling that blocked the sale and importation of Apple Watch Series 9 and Ultra 2 after a trade court found that Apple infringed on Masimo's patents.