Economy

Global stock markets plunged on Monday, deepening last week’s heavy losses, as escalating trade tensions triggered renewed fears of a worldwide recession. London’s FTSE 100 bore the brunt, falling by…

When Puma announced on Thursday that former Adidas sales chief Arthur Hoeld would become its new CEO, replacing Arne Freundt over “differing views on strategy execution,” it wasn’t just a…

The United States stands at a crossroads as President Donald Trump’s sweeping tariff plan, unveiled this week, sends shockwaves through financial markets and reignites recession fears. With the stock market…

The United States is facing a deepening economic divide, with wealth becoming increasingly concentrated in the hands of a small elite. According to the World Inequality Database, the top 10%…

The plunge in oil prices on Friday presented a different layer of complexity for the Organization of the Petroleum Exporting Countries and allies. In a surprising move on Thursday, the cartel…

Nike shares recovered on Friday after President Donald Trump suggested a possible agreement with Vietnam to reduce recently announced tariffs.The stock was up around 5% in late-morning trading. The Nike…

Klarna and StubHub have shelved their much-anticipated plans to go public as a fresh wave of market volatility triggered by President Donald Trump’s sweeping tariff announcement rippled through global financial…

Federal Reserve Chair Jerome Powell has raised alarm over President Donald Trump’s sweeping new tariffs, warning that the economic impact could be more severe than anticipated — with inflation rising…

Australian beef farmers, traders, and industry groups announced on Thursday that they intend to pass on the additional costs incurred from US tariffs directly to American consumers. This move is expected…