Browsing: Business

NEW YORK: Goldman Sachs has raised its probability of a U.S. recession in the next 12 months to 30% from 25%, marking a sharper turn in its outlook as higher energy costs, tighter financial conditions and a waning lift from recent tax

NEW YORK: Gold prices fell sharply on Monday, extending a historic selloff as the conflict in the Middle East kept energy markets volatile and reinforced inflation concerns that have unsettled precious metals. Spot gold was down 2.2% at $4,388.22 an ounce by

WASHINGTON: U.S. economic growth in the fourth quarter of 2025 was far weaker than first reported, while January inflation remained elevated in the latest personal consumption data. The Bureau of Economic Analysis said real gross domestic product increased at an annual rate of

WASHINGTON: Many U.S. households continue to face pressure from grocery, housing and utility bills even after inflation cooled, leaving a gap between improving national price data and day-to-day affordability. In his Feb. 25 State of the Union address, President Donald Trump said inflation

NEW YORK: Gold prices rose on Friday, March 13, 2026, as a softer U.S. dollar and easing U.S. Treasury yields lifted demand for bullion in early trade. Spot gold was up 0.7% at $5,112.82 an ounce by 4:11 a.m. GMT. The move followed

WASHINGTON: U.S. employers cut 92,000 jobs in February, an unexpected decline that pushed the unemployment rate up to 4.4%, according to the Labor Department’s Bureau of Labor Statistics. January payroll growth was revised down to a gain of 126,000, while December was

NASHVILLE: Starbucks will open a corporate operations office in Davidson County, Tennessee, later in 2026, the company and state officials announced Tuesday. The new site is expected to expand the coffee chain’s corporate presence in North America and provide an additional base

NEW YORK: U.S. stocks finished lower on Friday, Feb. 27, as a broad selloff in financial shares weighed on major indexes and capped a choppy week for markets. The S&P 500 slipped 0.4% to 6,878.88, while the Dow Jones Industrial Average fell

CUPERTINO: Apple Inc. (AAPL) said on Feb. 24, 2026 it is on track in 2026 to purchase well over 100 million advanced semiconductors made by Taiwan Semiconductor Manufacturing Co. at the chipmaker’s Arizona facility. Apple described the expected volume as a significant

CALIFORNIA: Nvidia reported record quarterly revenue and profit on Wednesday, saying demand linked to artificial intelligence continued to lift its data center business. The chipmaker said fourth-quarter revenue rose to $68.1 billion for the period ended Jan. 25, up 73% from a