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German Finance Minister To Push For Steel Quotas On Washington Trip
German Finance Minister Lars Klingbeil will advocate for a quota system on steel exports to be included in the EU’s trade deal with the U.S.

By The Financial District
Aug 51 min read


UBS To Pay $300-M To Resolve U.S. Mortgage Securities Cases
UBS said it will pay $300 million to settle outstanding obligations related to the misselling of mortgage-linked investments by Credit Suisse in the U.S.

By The Financial District
Aug 51 min read


BP Finds Major Oil, Gas Field Off Brazil
BP has announced that it has made its largest oil and gas discovery in 25 years in Brazil's Santos Basin—a so-called pre-salt area in deep water offshore believed to hold vast reservoirs of oil and gas.

By The Financial District
Aug 51 min read


China Ignores U.S. Demand To End Russian, Iranian Oil Purchases
U.S. and Chinese officials may be able to resolve many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue—the U.S. demand that China stop purchasing oil from Iran and Russia.

By The Financial District
Aug 51 min read


GSK Reports Improved Outlook Despite U.S. Drug Tariffs
British pharmaceutical giant GlaxoSmithKline (GSK) has raised its 2025 financial outlook, citing strong second-quarter performance in cancer drug sales—despite facing new U.S. tariffs.

By The Financial District
Aug 51 min read


Mexico Factory Output Expected To Remain Exempt From U.S. Tariffs
While President Donald Trump’s second term has featured a steady rise in tariffs, most Mexican manufacturing exports are expected to remain exempt.

By The Financial District
Aug 51 min read


UK Says EU Junking Tariffs On Steel Under Quota
The European Union will remove tariffs on key UK steel products under a quota system.

By The Financial District
Aug 51 min read


Trump Organization To Cut More Deals In Abu Dhabi
The Trump Organization has yet to formally announce any deals in Abu Dhabi, but signs strongly suggest it is planning to enter the capital of the United Arab Emirates.

By The Financial District
Aug 51 min read


Allianz Admits Most U.S. Customer Data Stolen in Cyber-Attack
Hackers have stolen the personal information of a majority of Allianz Life Insurance Co.’s 1.4 million customers in North America.

By The Financial District
Aug 51 min read


Boeing Defense Union Strikes After Nearly 30 Years
Workers at Boeing Co.’s St. Louis-area defense factories are striking for the first time in nearly three decades after union members rejected the company’s modified contract offer.

By The Financial District
Aug 52 min read


Tesla Not In The Pink Of Financial Health
Tesla reported its worst revenue decline in more than a decade, as Elon Musk’s political activity continues to weigh on investor sentiment.

By The Financial District
Aug 51 min read


Texas House Dems Flee State to Block GOP Congressional Map
Texas Democratic lawmakers fled the state Sunday in a bid to block passage of a new congressional map designed to give the GOP five additional seats in the U.S. House next year.

By The Financial District
Aug 52 min read


Property, Financials Boost PSE Index Higher
Property and financial stocks lifted the Philippine Stock Exchange (PSE) index on Monday, pushing it to close in positive territory after a volatile trading session that saw the benchmark briefly dip below a key milestone.

By The Financial District
Aug 42 min read


Asian Markets Gain After Wall St. Tumbles
Shares in Asia advanced Monday after Wall Street suffered its worst day since May, following the release of weak U.S. jobs data.

By The Financial District
Aug 41 min read


Even As Americans Swim In Debt, They Still Hold Up Fine, Says Bank
ericans are carrying more debt than ever, but so far, borrowers appear to be managing, according to financial results from Synchrony.

By The Financial District
Aug 41 min read


Krispy Kreme Joins Meme Stocks Revival
Krispy Kreme is the latest company to ride the renewed meme-stock wave, surging as much as 25%.

By The Financial District
Aug 41 min read


Silicon Valley Celebrates AI Policy Triumph
David Sacks, America’s AI and crypto czar, joined his All-In podcast cohosts on stage in Washington, D.C. to celebrate the release of the Trump administration’s new AI Action Plan.

By The Financial District
Aug 41 min read


U.S. Job Openings Crash To 7.4-M As Market Continues To Cool
Employers posted 7.4 million job vacancies last month—a sign that the American job market continues to cool.

By The Financial District
Aug 42 min read


Musk Says Tesla Car Owners Can Add Their Vehicles To His Robotaxi Network
Owners of Tesla cars will be able to add their vehicles to the company’s robotaxi network sometime next year, Elon Musk said during Tesla’s latest quarterly earnings call.

By The Financial District
Aug 41 min read


GOP Senator Falls For Powell’s Fake Resignation Letter
An obviously fake image purporting to show Federal Reserve Chair Jerome Powell’s resignation letter has circulated in MAGA circles on X.

By The Financial District
Aug 41 min read


Orange Juice Importer Sues Trump Over Brazil Tariffs
President Donald Trump’s tariffs on Brazil could push up the cost of orange juice at major American supermarkets like Aldi, Walmart, and Wegmans by as much as 25%.

By The Financial District
Aug 41 min read
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![[Part II] Of Solar Queens and Phantom Grids](https://static.wixstatic.com/media/1c4fd3_e58918d4e33d440683e826bbe889346a~mv2.jpg/v1/fill/w_514,h_386,fp_0.50_0.50,q_90,enc_avif,quality_auto/1c4fd3_e58918d4e33d440683e826bbe889346a~mv2.webp)
[Part II] Of Solar Queens and Phantom Grids
The ERC, under Chair Monalisa Dimalanta, continues its unlikely transformation from regulatory wallflower to reformist headliner.

By Lito U. Gagni
Aug 43 min read


Ex-Citigroup Chairman Donates $100-M For Cancer Research Hubs
Sanford “Sandy” Weill, the former CEO and chairman of banking giant Citigroup, and his wife Joan, longtime donors to medical research on both coasts of the U.S., are stepping up their efforts.

By The Financial District
Aug 41 min read


HSBC Profit Tumbles As China Losses Mount
HSBC Holdings reported a sharper-than-expected drop in profit, weighed down by write-downs linked to its exposure to a Chinese bank and Hong Kong real estate.

By The Financial District
Aug 41 min read
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