Business

December 8, 2024

China’s growth efforts show cautious progress as businesses await more impact

Diane M. Eaton

China's recent push to spur economic growth has shown modest progress, but the broader impact remains limited. Earnings and corporate data suggest that a robust recovery in the world's second-largest…

Business

December 7, 2024

Trump plans to nominate Paul Atkins as SEC chairman in a cryptocurrency-friendly move

Diane M. Eaton

Paul Atkins, CEO of Patomak Global Partners and an expert figure in financial regulation, has been chosen by President-elect Donald Trump to lead the Securities and Exchange Commission (SEC). The…

Business

December 7, 2024

JetBlue adjusts flight network to boost profitability and cut costs

Diane M. Eaton

JetBlue Airways is making significant changes to its flight operations as part of a strategy to rationalize costs and increase profitability. The airline told staff on Wednesday that it will…

Business

December 5, 2024

Frontier Airlines to introduce first-class seating in competitive shift

Diane M. Eaton

Frontier Airlines, one of the world's leading low-cost airlines, is poised to introduce first-class seating as part of a strategic shift aimed at attracting customers seeking greater comfort and personal…

Business

December 5, 2024

Job openings rise in October as hiring slows, signaling a cooling labor market

Diane M. Eaton

The U.S. job market showed mixed signals in October, as job postings increased while hiring fell, according to data released Tuesday by the Bureau of Labor Statistics (BLS). The report,…

Business

December 2, 2024

How Black Friday spending reflects America’s political divide after the 2024 election

Diane M. Eaton

A red hat reading “Keep America Great” perched on a Christmas tree during a rally in Michigan in December 2019 symbolized the intersection of politics and culture in the United…

Business

November 30, 2024

Scott Bessent poised to lead economic policy in Trump’s administration

Diane M. Eaton

Scott Bessent, founder and CEO of Key Square Group LP, has been tapped by President-elect Donald Trump for the crucial role of Treasury secretary. The news has already sparked optimism…

Business

November 30, 2024

Databricks raises billions in funding delays IPO amid AI boom

Diane M. Eaton

Databricks, one of the world's most valuable private technology companies, is raising billions of dollars in new funding as it chooses to delay its long-awaited public offering, sources familiar with…

Business

November 30, 2024

Trump announces new tariffs on Chinese goods, escalating trade tensions

Diane M. Eaton

US-China economic relations are facing new uncertainties after President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese imports. The announcement, made on its social media…

Business