Business News - The Last 24 Hours

Trump Leads Biden on Income, Living Standards: Election 2024 Economy Scorecard - Bloomberg
Bloomberg - 37 min ago
Trump Leads Biden on Income, Living Standards: Election 2024 Economy Scorecard Bloomberg

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BBC - Why Biden might be happy to debate Trump in June - 5 hours 59 min ago

FOX Business - LARRY KUDLOW: Trump has Biden on the run - 13 hours 8 min ago

CNBC - Trump lawyer yells at Michael Cohen in cross-examination over call about Stormy Daniels - 17 hours 44 min ago

COMMENTARY:

The Guardian - Trump to speak at NRA convention as US gun-safety groups sound alarm - 1 hour 6 min ago

The Independent - Stephen Colbert takes dig at Trump over infamous inauguration photo after Cohen testimony at hush money trial - 1 hour 9 min ago

Wall Street Journal - Trump Allies Draw Up Plans for Unprecedented Immigration Crackdown - 3 hours 7 min ago

Indiatimes - Dow tops 40,000, Biden trolls Trump in split-screen video - 9 hours 43 min ago

Sydney Morning Herald - Donald Trump’s pre-election circus is the hottest ticket in New York - 10 hours 14 min ago

Russia Today - Donald Trump’s son-in-law to redevelop NATO-bombed buildings - 10 hours 45 min ago

SCMP - Donald Trump’s lawyer accuses Michael Cohen of lying at hush money trial - 14 hours 47 min ago

BusinessInsider - Donald Trump's allies are doing his dirty work while tiptoeing around his gag order - 17 hours 11 min ago

New York Post - NBC ‘Meet the Press’ host Kristen Welker objected to Donald Trump interview for debut episode: report - 18 hours 44 min ago

Vietnam: Is turmoil in Hanoi keeping Vladimir Putin away?
Deutsche Welle - 38 min 18 sec ago
With Vladimir Putin visiting China, some reports had indicated that the Russian president would also make a stop in Vietnam. But Hanoi seems preoccupied by political infighting — and the EU is breathing a sigh of relief.

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Deutsche Welle - Putin hails Russia-China cultural and economic ties - 3 hours 51 min ago

NDTV - Putin And Xi Exchange Rare Hugs, Cementing Strategic Partnership - 4 hours 3 min ago

Associated Press - Russia's Putin expresses gratitude to China's Xi for Ukraine peace plan - The Associated Press - 15 hours 25 min ago

COMMENTARY:

The Independent - Vladimir Putin tours ‘Little Moscow’ as he trumpets deepening ties with China - 4 hours 13 min ago

SCMP - Ukraine war: Putin probes for weaknesses while Zelensky plugs gaps in his defences - 5 hours 13 min ago

Indiatimes - Russian President Vladimir Putin to push growing Moscow-Beijing trade in China's northeast - 7 hours 40 min ago

Sydney Morning Herald - Putin and Xi pledge a ‘new era’ and condemn the United States - 9 hours 7 min ago

Russia Today - An EU leader has been shot, and of course it has to be about Putin - 20 hours 39 min ago

The Guardian - Zelenskiy says situation is ‘difficult’ on visit to Kharkiv; Putin calls China relationship an international ‘stabilising factor’ – as it happened - 22 hours 20 min ago

Canadian "Crypto King" Aiden Pleterski Arrested In $29 Million Fraud Case
NDTV - 1 hour 18 min ago
A self-proclaimed Canadian "Crypto King" and an associate who received more than C$40 million ($29.4 million) from investors have been arrested and charged with fraud, police said on Wednesday. Aiden Pleterski, 25, was charged with fraud over C$5,000 and laundering the proceeds of crime on May 2, Durham Regional Police said in a statement. Pleterski's associate, Colin Murphy, 27, was also charged with fraud and released on an undertaking, the statement added. The two men were charged follo ...

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FOX Business - Former Facebook and Nike DEI manager sentenced to 5 years in prison for fraud scheme - 13 hours 34 min ago

CNBC - Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud - 16 hours 12 min ago

COMMENTARY:

Indiatimes - How an ex-Facebook employee stole Rs 40 crore from the company and repeated the fraud at Nike - 3 hours 18 min ago

SCMP - Senior Hong Kong police officer jailed for 6½ years over HK$26 million mortgage fraud - 5 hours 6 min ago

Hunt hints at another National Insurance tax cut
BBC - 1 hour 21 min ago
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.

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BBC - Jeremy Hunt hints at another NI tax cut in autumn - 2 hours 25 min ago

Deutsche Welle - Germany faces challenge as 2025 tax forecast sinks - 17 hours 33 min ago

FOX Business - Time to claim $1B in tax refunds dwindles: A state-by-state breakdown - 22 hours 14 min ago

COMMENTARY:

Wall Street Journal - Private Equity Warms Up to Clean-Energy Tax Credits - 2 hours 7 min ago

Indiatimes - Donald Trump roasts Joe Biden over 'inflation tax'; urges young Americans to support him in new video - 2 hours 8 min ago

The Guardian - Jeremy Hunt promises further tax cuts and hits out at Labour plans - 2 hours 52 min ago

AllAfrica - Kenya: Heavy Taxation Not a Solution to Kenya's Debt Problem - Tax Experts - 21 hours 51 min ago

Car insurance rates surge again, keeping inflation elevated
FOX Business - 2 hours 6 min ago
The cost of auto insurance jumped 1.8% in April, bringing the total annual gain to 22.6%. The problem could soon get worse before it begins to improve.

COMMENTARY:

BusinessInsider - Mortgage Interest Rates Today, May 17, 2024 | Rates Trending Lower After Latest Read on Inflation - 2 hours 7 min ago

New York Post - JPMorgan Chase CEO Jamie Dimon warns interest rates could stay high: ‘A lot of inflationary forces in front of us’ - 18 hours 1 min ago

Walmart gains high-income shoppers as elevated prices persist
FOX Business - 2 hours 6 min ago
Walmart noted yet again that its continuing to gain even more higher-income shoppers. Executives say the driver isn't necessarily price but convenience.

COMMENTARY:

Wall Street Journal - Walmart's sales continued to grow as American shoppers kept flocking to its stores for inexpensive everyday necessities. - 8 hours 6 min ago

New York Post - Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings - 17 hours 54 min ago

Exclusive: Musk pushes plan for China data to power Tesla's AI ambitions - Reuters
Reuters - 2 hours 49 min ago
Exclusive: Musk pushes plan for China data to power Tesla's AI ambitions Reuters

Deutsche Welle - Tesla: Court win for German protesters amid expansion vote - 19 hours 18 min ago

COMMENTARY:

BusinessInsider - How Chevrolet thinks it can beat Tesla in the new EV market - 3 hours 7 min ago

India: Owner of billboard that killed 16 people arrested
Deutsche Welle - 3 hours 2 min ago
Mumbai police tracked down the owner of the billboard which fell during a storm killing 16 and injuring 75. He has been charged with culpable homicide.

NDTV - Lecturing India On Human Rights Won't Work: Indian American Lawmakers - 12 hours 30 min ago

CNBC - Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term - 12 hours 53 min ago

Deutsche Welle - India: Is the Tata Group's Air India revamp working? - 22 hours 21 min ago

COMMENTARY:

Indiatimes - India has changed from a nation of savers to a nation of investors: Uday Kotak - 1 hour 13 min ago

SCMP - Baltimore bridge collapse: Dali crew of 20 Indians, 1 Sri Lankan still stranded on ship, almost 2 months after accident - 3 hours 23 min ago

The Hindu - India's 2024 economic growth projection revised upwards by U.N. to nearly 7% - 9 hours 19 min ago

Will Biden's EV push impact presidential election? Americans weigh in
FOX Business - 3 hours 7 min ago
A new survey of American drivers points to sharp divides between Republicans and Democrats regarding President Biden's electric vehicle policies and the 2024 election.

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NDTV - US House Passes Bill To Force Biden To Send Weapons To Israel - 14 hours 10 min ago

Bloomberg - CFPB's Funding System Upheld by Supreme Court in Biden Win (4) - Bloomberg Law - 16 hours 30 min ago

Associated Press - Biden's special counsel interview audio release blocked by White House - The Associated Press - 17 hours 8 min ago

BBC - Biden blocks release of special counsel interview tapes - 17 hours 52 min ago

CNBC - Refinancing student debt is risky amid Biden forgiveness push. Borrowers 'forever lose access' to safety nets, advocates say - 21 hours 36 min ago

COMMENTARY:

The Independent - Outrage after KC Chiefs kicker blasts Pride month, Biden and ‘diabolical lies’ during commencement speech - 2 hours 48 min ago

Wall Street Journal - Biden's Urgent Push to Win Black Voters Starts Now - 3 hours 7 min ago

Indiatimes - White House blocks Republican demands for audio of Biden special counsel interview, AP Explains - 10 hours 2 min ago

The Guardian - Morehouse College faculty votes to give Biden honorary doctorate in split vote - 14 hours 3 min ago

BusinessInsider - These 16 House Democrats voted to force Biden to deliver withheld aid to Israel - 14 hours 59 min ago

Russia Today - Biden asserts ‘executive privilege’ over prosecutor’s tapes - 17 hours 39 min ago

Why France Banned TikTok Amid New Caledonia Unrest
NDTV - 3 hours 49 min ago
France has taken the dramatic step of blocking TikTok in its Pacific territory of New Caledonia, as part of efforts to quell days of violent unrest. It is the latest clash between democratic governments and the Chinese-owned social media platform. Using "state of emergency" powers, users of New Caledonia's sole telecoms operator have been unable to access the hyper-popular app since Wednesday. Why was it banned? Critics have long accused TikTok of platforming misinformation, harvesti ...

COMMENTARY:

BusinessInsider - TikTok is testing 60-minute videos, which could be a big threat to YouTube - 7 hours 24 min ago

New York Times - Taiwan, on China’s Doorstep, Is Dealing With TikTok Its Own Way - 11 hours 11 min ago

Shares of Cartier owner Richemont climb 6% on record full-year sales, new CEO
CNBC - 4 hours 4 min ago
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia Pacific spending waned.

COMMENTARY:

AllAfrica - Rwanda: President Ruto in Kigali for 2024 Africa CEO Forum - 1 hour 24 min ago

Indiatimes - India needs to reduce trade tariffs, simplify procedures and remove protectionism: NITI Aayog CEO BVR Subrahmanyam - 2 hours 41 min ago

The Straits Times - S’pore-listed Eagle Hospitality Trust CEO seeks to contest four disclosure-related criminal charges - 5 hours 52 min ago

Wall Street Journal - Richemont Names New CEO - 5 hours 55 min ago

Top HSBC shareholder Ping An will retain investment in bank, source says, amid sale talk - Reuters
Reuters - 4 hours 15 min ago
Top HSBC shareholder Ping An will retain investment in bank, source says, amid sale talk Reuters

COMMENTARY:

The Straits Times - HSBC’s top shareholder Ping An exploring ways to cut $17.9 billion stake, sources say - 12 hours 31 min ago

Ukrainian Drone Attack Kills Mother And Child In Russia's Belgorod Region
NDTV - 5 hours 41 min ago
A Ukrainian drone struck a family driving near the border in Russia's Belgorod region on Friday, killing a mother and her four-year-old son, the region's governor said. The attack came as Kyiv launched a wave of drones at the annexed Crimean peninsula and Russia's southern regions overnight, in one of its largest aerial offensives in weeks. "In the village of Oktyabrsky, a kamikaze drone attacked a car carrying a driver and three passengers: a mum, dad and a child," Belgorod region governo ...

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NDTV - Russia Intercepts 100 Ukrainian Drones In Largest Overnight Attack - 6 hours 5 min ago

BBC - Ukraine's defence lines stretched as Russian troops advance - 7 hours 8 min ago

Deutsche Welle - Ukraine updates: Kyiv partially halts Russian offensive in Kharkiv - 8 hours 15 min ago

COMMENTARY:

Russia Today - Xi outlines solution to Ukraine conflict - 2 hours 10 min ago

The Guardian - Russia-Ukraine war live: Ukraine drone attack in Crimea cuts power supplies in Sevastopol - 4 hours 20 min ago

Indiatimes - Massive Ukrainian drone attack on Crimea leaves Sevastopol without power - 5 hours 33 min ago

Sydney Morning Herald - ‘Inevitable’: NATO prepares to send troop trainers into Ukraine - 7 hours 52 min ago

Wall Street Journal - Ukraine is rushing to reinforce its northeastern flank, the newest front in its fight against Russia's invasion. - 8 hours 6 min ago

BusinessInsider - Ukraine's getting more longe-range missiles that leave the Russians with 'nowhere to hide' - 14 hours 43 min ago

Singapore Airlines CEO says travel out of China not yet recovered - Reuters
Reuters - 5 hours 46 min ago
Singapore Airlines CEO says travel out of China not yet recovered Reuters

Ex Employee Gets 5 Years Jail For Stealing $5 Million From Facebook, Nike
NDTV - 6 hours 29 min ago
A former Meta and Nike employee, who was hired to boost workplace diversity, has been charged for stealing $5 million from the companies to fund a "luxury lifestyle". 38-year-old Barbara Furlow-Smiles set up fake deals and planned sham events in US to pocket money she charged from the tech and sportswear giants for seven years. Furlow-Smiles has been sentenced to five years in jail and ordered to pay back the money she stole. “Furlow-Smiles shamelessly violated her position of trust ...

COMMENTARY:

Wall Street Journal - Meta faces an EU investigation into whether its Facebook and Instagram services do enough to protect minors under a new online-content law. - 8 hours 6 min ago

New York Post - Ex-diversity boss at Facebook, Nike who orchestrated fake events to steal $5M gets five years, must pay back hefty sum - 10 hours 4 min ago

New York Times - EU Investigates Facebook and Instagram Over Addictive Effects on Children - 17 hours 54 min ago

Indiatimes - Facebook, Instagram face fresh scrutiny under EU's digital norms - 18 hours 11 min ago

BusinessInsider - A former Facebook director says managers need to kill the weekly 1:1 meeting. Here's why. - 19 hours 28 min ago

Kim Jong Un's Sister Denies North Korea Exporting Weapons To Russia
NDTV - 8 hours 50 min ago
The powerful sister of North Korean leader Kim Jong Un on Friday denied widespread allegations that Pyongyang is shipping weapons to Russia, calling the claim "absurd". South Korea and the United States have repeatedly accused North Korea of supplying weapons to Moscow, despite a raft of UN sanctions on both countries that would ban any such arms transfers. Analysts have also warned that ramped-up testing and production of artillery and cruise missiles by the nuclear-armed North could be i ...

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BBC - Russia gives British diplomat a week to leave - 14 hours 38 min ago

Reuters - Scrambles of NATO jets against Russian aircraft up more than 20%, source says - Reuters - 21 hours 27 min ago

NDTV - Transgender Russian Politician Claims To Have De-Transitioned Back To A Man - 23 hours 19 min ago

COMMENTARY:

SCMP - North Korea fires missile after Kim Jong-un’s sister slams ‘false rumour’ of sending weapons to Russia - 3 hours 49 min ago

Indiatimes - Despite Western pressure, China in no hurry to reduce Russia support - 7 hours 26 min ago

Wall Street Journal - Russia launched a satellite into space in February 2022 that is designed to test components for a potential antisatellite weapon that would carry a nuclear device, U.S. officials said. - 8 hours 6 min ago

BusinessInsider - A top NATO general says Russian troops don't have the numbers or the skills to mount a strategic breakthrough in Kharkiv - 8 hours 13 min ago

Russia Today - ‘Big blunder’ to let China and Russia get close – US strategist - 14 hours 44 min ago

The Guardian - Russia expels British military attache in diplomatic tit for tat - 19 hours 1 min ago

"Can't Have It Both Ways": US On China's Ties With Russia And West
NDTV - 11 hours 42 min ago
The United States said on Thursday that China cannot have stronger ties with Europe and other countries while supporting Russia in its ongoing war against Ukraine. "The People's Republic of China can't have its cake and eat it too. You cannot have it both ways. You want to have good, further stronger, deeper relationships with Europe and other countries. While simultaneously continuing to fuel the biggest threat to European security in a long time. It's important of this is not just the US po ...

COMMENTARY:

Indiatimes - Taiwan is selling more to the US than China in major shift away from Beijing - 6 hours 57 min ago

SCMP - Why Xi’s European tour was a quiet but effective victory over the US - 23 hours 37 min ago

Business leaders pressed NYC Mayor Adams to disperse Columbia protesters: report
FOX Business - 12 hours 33 min ago
A group of business leaders and investors privately urged New York City Mayor Eric Adams to disperse anti-Israel protesters at Columbia University according to a report.

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BBC - Texas pardons man who shot Black Lives Matter protester - 12 hours 39 min ago

COMMENTARY:

The Guardian - First Thing: Man who killed Black Lives Matter protester pardoned - 1 hour 24 min ago

Wall Street Journal - Texas Gov. Greg Abbott pardoned a man convicted of murdering a Black Lives Matter protester in Austin in 2020. - 8 hours 6 min ago

SCMP - Texas governor pardons man convicted of murdering Black Lives Matter protester - 12 hours 10 min ago

Sydney Morning Herald - ‘Politics over justice’: Texas governor pardons man convicted of killing Black Lives Matter protester - 13 hours 43 min ago

The Independent - Texas Governor pardons Uber driver convicted of murdering BLM protester - 15 hours 27 min ago

May 16, 2024 - Russia's war in Ukraine
CNN - 14 hours 5 min ago
Russian President Vladimir Putin has met Chinese leader Xi Jinping in Beijing, emboldened by the survival of his wartime economy and Russia's advances in Ukraine.

COMMENTARY:

The Straits Times - China consuming spending unexpectedly slows in warning sign to economy - 8 hours 26 min ago

BusinessInsider - The consumer slowdown is here and its flashing a recession warning for the economy - 19 hours 11 min ago

Many US consumers staying away from EVs due to lack of charging availability: report
FOX Business - 16 hours 1 min ago
Interest in electric vehicles among American car buyers has dwindled in part due to concerns about access to charging infrastructure, a new study by J.D. Power found.

CNBC - Supreme Court rules Consumer Financial Protection Bureau funding structure is legal - 21 hours 40 min ago

COMMENTARY:

Indiatimes - India's consumer market likely to double by 2031: FM Nirmala Sitharaman - 6 hours 34 min ago

Wall Street Journal - The Supreme Court rejected a conservative-backed challenge that could have dismantled the Consumer Financial Protection Bureau. - 8 hours 6 min ago

New York Times - What the Supreme Court Ruling Means for Other Consumer Bureau Actions - 13 hours 2 min ago

AllAfrica - Nigeria: Make Consumer Credit Scheme Work - 19 hours 35 min ago

How small businesses became Goldman Sachs allies to fight Washington regulations - Reuters
Reuters - 16 hours 21 min ago
How small businesses became Goldman Sachs allies to fight Washington regulations Reuters

Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates
CNBC - 16 hours 34 min ago
Spirit makes fuselages at the plant for Boeing's best-selling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.

RELATED:

CNBC - Investing in Space: Boeing inches closer to Starliner launch - 20 hours 54 min ago

COMMENTARY:

Indiatimes - Crisis-ridden Boeing hopes for quiet annual meeting - 6 hours 2 min ago

The Independent - Boeing supplier Spirit AeroSystems to lay off hundreds of staff days after whistleblower’s sudden death - 13 hours 52 min ago

Wall Street Journal - Boeing Supplier Spirit AeroSystems to Lay Off Hundreds - 15 hours 29 min ago

Analysts dismiss fears of German 'de-industrialization' for now
FOX Business - 17 hours 53 min ago
Growing global competition and changes to Germany's economy have some business leaders worried that Germany is headed for de-industrialization, but analysts disagree.

249 Million People Living With Hypertension In South East Asia: WHO
NDTV - 18 hours 58 min ago
An estimated 294 million people are living with hypertension in the South-East Asia region, including India, said Saima Wazed, WHO Regional Director for South-East Asia on Thursday. World Hypertension Day, observed on May 17 every year, "aims to increase awareness of this silent killer, and galvanise global action to combat high blood pressure". This year, the theme is a call to 'Measure Your Blood Pressure Accurately, Control It, Live Longer'. Stressing the importance of "early detection ...

This week's personal loan rates rise for 3- and 5-year terms
FOX Business - 19 hours 36 min ago
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.

COMMENTARY:

Wall Street Journal - The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy. - 8 hours 6 min ago

New York Post - Dow breaks 40,000 for first time ever as optimism for Fed rate cut grows - 20 hours 30 min ago

BusinessInsider - Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy - 21 hours 2 min ago

Turkish competition board fines Google over failure to comply with regulation - Reuters
Reuters - 22 hours 15 min ago
Turkish competition board fines Google over failure to comply with regulation Reuters

COMMENTARY:

Indiatimes - Google seeks non-jury trial in US ad tech lawsuit - 4 hours 36 min ago

BusinessInsider - Google layoffs: A timeline of the company's job cuts and restructuring into 2024 - 10 hours 43 min ago

New York Post - Google’s AI-powered search engine could be ‘catastrophic’ for news publishers, critics warn - 18 hours 46 min ago

Jim Cramer's top 10 things to watch in the stock market Thursday
CNBC - 22 hours 49 min ago
Wall Street is set for a low-key open Thursday after the S&P 500, Nasdaq and Dow all closed at record highs.

COMMENTARY:

BusinessInsider - Stock market today: Indexes slip after Dow crosses 40,000 for the first time - 15 hours 49 min ago

Oil prices hold firm as crude inventories fall and U.S. inflation eases
CNBC - 23 hours 43 min ago
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.