The US Bureau of Economic Analysis released February personal consumption expenditures (PCE) index data on Friday (March 28). The figures show inflation increased 2.5 percent on an annualized basis in February, aligning with analyst expectations…
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The gold price continued moving higher this week, reaching yet another record. After trading as low as US$3,006 per ounce on Monday (March 24), the yellow metal took off midway through the week, closing at…
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Business
Robinhood CEO sees Amazon-like subscription model as path to ‘loyalty’ in financial services
by adminRobinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite. Subscribers to Robinhood Gold…
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Business
Trump signs executive order to end collective bargaining at agencies involved with national security
by adminPresident Donald Trump moved Thursday to end collective bargaining with federal labor unions in agencies with national security missions across the federal government, citing authority granted him under a 1978 law. The order, signed without public…
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Business
Lululemon shares drop 15% as CEO says inflation, economic concerns are weighing on spending
by adminLululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted a survey earlier this month…
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The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant. The FCC, the agency that regulates the…
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World News
Several killed after submarine carrying Russian tourists sinks off Egyptian coast, embassy says
by adminFour people were killed Thursday when a tourist submarine sank off Egypt’s Red Sea resort city of Hurghada, according to a Facebook post by the Russian embassy in Egypt. It is unclear if all four…
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World News
European leaders say now not the time to liftsanctions on Russia in message to Trump
by adminUkraine’s European allies say now is not the time for lifting sanctions on Russia, after Moscow said it would only agree to a US-brokered deal on ending fighting in the Black Sea if some sanctions…
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World News
King Charles cancels engagements after experiencing temporary side effects of cancer treatment
by adminBritain’s King Charles “required a short period of observation in hospital” on Thursday after experiencing “temporary side effects” from a scheduled cancer treatment in the morning, Buckingham Palace has said. “His Majesty has now returned…
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World News
Australia to hold general elections on May 3 amid inflation and a housing shortage
by adminAustralians will go to the polls on May 3 for general elections with high costs of living and a shortage of housing likely weighing against the government as Prime Minister Anthony Albanese’s center-left Labor Party…