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April Consumer Price Index Slowed to Smallest Pace Since 2021
April inflation slowed to its lowest point in four years, but that progress may be short-lived as the Trump administration’s tariffs begin to push up the cost of consumer goods.

By The Financial District
May 191 min read


Google Says Hackers That Targeted UK Retail Sector Now Hitting U.S. Retailers
Hackers who previously targeted the UK retail sector are now turning their attention to American retailers, according to Alphabet’s Google.

By The Financial District
May 191 min read


Banks Are Sitting On $500-B In Unrealized Losses; Stagflation Could Trigger Crisis
Banks got caught “chasing yield” and took major losses when the Federal Reserve dramatically hiked interest rates to combat inflation.

By The Financial District
May 192 min read


Nissan Slashes 11,000 More Jobs As Turnaround Struggles Deepen
Nissan will cut an additional 11,000 jobs and scale back production following a year of wiped-out profits.

By The Financial District
May 191 min read


U.S. Retail Sales Slow Sharply In April as Pre-Tariff Spending Reverses
Retail sales slowed in April as President Trump’s tariffs weighed on U.S. consumers, who appeared to have pulled forward some key purchases into March in anticipation of the levies.

By The Financial District
May 191 min read


Jamie Dimon's Time As JPMorgan CEO Is Winding Down
JPMorgan Chase CEO Jamie Dimon's tenure is drawing to a close, just as his stature on Wall Street and in Washington, D.C., may be at an all-time high.

By The Financial District
May 191 min read


Bain Capital in Talks to Acquire PCI Pharma For $10 Billion
Bain Capital is in advanced discussions to acquire contract drug manufacturer PCI Pharma Services in a deal that would value the company at approximately $10 billion.

By The Financial District
May 191 min read


Citi Sells Private Market Funds Unit to Fintech iCapital
Citigroup is selling a unit that houses roughly 180 private-credit, private-equity, infrastructure, and other alternative-asset funds to fintech giant iCapital.

By The Financial District
May 191 min read


Moody’s Strips U.S. Of Final Top Credit Rating
Moody’s Ratings downgraded the U.S. credit rating from Aaa to Aa1, removing the country’s last remaining top-tier credit score amid rising concern over unsustainable deficits and mounting debt.

By The Financial District
May 191 min read


New Jersey Transit Strike Disrupts Commute For 350,000 Riders
A strike by New Jersey Transit train engineers has brought commuter rail services to a halt, affecting an estimated 350,000 daily riders.

By The Financial District
May 191 min read


India Belies Trump Claim It Will Not Slap Tariffs on U.S.
U.S. President Donald Trump’s claim that India has agreed to eliminate all tariffs on American imports has been swiftly disputed by New Delhi.

By The Financial District
May 191 min read


Germany's Merz Slams Putin’s Absence in Istanbul Talks
Friedrich Merz has criticized Russian President Vladimir Putin's absence from the Istanbul talks on Ukraine.

By The Financial District
May 191 min read


Apple Probes Next Frontier With New Brain Implant Standard
Apple showcased its latest sci-fi vision by announcing that users of its products may one day be able to control them with brain signals.

By The Financial District
May 181 min read


PH To Become USD2 Trillion Economy By 2050 – DEPDev
The Philippines is on track to become a USD2 trillion economy by 2050.

By The Financial District
May 184 min read


Breaking The Signal Barrier: Bridging the Philippines’ Digital Divide
In a country celebrated for being among the world’s most active internet users, the sight of a nation deeply immersed in the digital realm is unmistakable.

By The Financial District
May 184 min read


Powell Says U.S. May Be Entering Period of Frequent "Supply Shocks"
Federal Reserve Chair Jerome Powell said that the U.S. may be entering a period of more frequent supply shocks and volatile inflation, which would require greater transparency from the central bank.

By The Financial District
May 181 min read


Microsoft Lays Off 6,000 Workers in Latest Tech Cutback
Microsoft has begun laying off nearly 6,000 employees—roughly 3% of its 228,000-person workforce—as part of a broad restructuring.

By The Financial District
May 181 min read


Nvidia, AMD To Supply $10B In Semiconductors to Saudi Firm
Nvidia Corp. and Advanced Micro Devices Inc. will supply semiconductors to Saudi Arabian artificial intelligence company Humain for a massive $10 billion data center project.

By The Financial District
May 181 min read


AI Chatbots May Be Eroding Google’s Search Business
Investors have grown increasingly concerned that AI chatbots could eventually displace Google Search, which accounts for 55% of parent company Alphabet’s overall revenues.

By The Financial District
May 181 min read


Another U.S. EV Maker On The Brink Of Collapse
Another electric vehicle maker appears to be on the brink of collapse, the latest in a growing trend of EV startups failing to break through in a crowded marketplace

By The Financial District
May 181 min read


UnitedHealth Suspends 2025 Outlook, CEO Steps Down
UnitedHealth Group has withdrawn its 2025 outlook and announced the resignation of CEO Andrew Witty, less than a month after slashing its guidance.

By The Financial District
May 181 min read


Thai Builder Surrenders Over Deadly Building Collapse
Seventeen individuals including a prominent Thai construction magnate surrendered to police on criminal negligence charges in connection with the fatal collapse of a Bangkok high-rise during the March 28 earthquake in Myanmar.

By The Financial District
May 181 min read


European Shares Rise After Mixed Session in Asia
European shares advanced after a mixed session in Asia, with scant news driving trading.

By The Financial District
May 181 min read


PSE Index Closes Week Still Down Slightly
The Philippine Stock Exchange Index (PSE) edged lower Friday, closing at 6,465.53 points—down 1.33 points or 0.02 percent—as foreign investors continued to sell.

By The Financial District
May 172 min read
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