After U.S. equities surged on Tuesday due to expectations that the Federal Reserve will shortly lower interest rates, most Asian markets saw gains. After reopening from a holiday, Tokyo’s Nikkei 225…
Category: Business
Meta Prevails in Historic FTC Antitrust Case, Will Keep WhatsApp and Instagram
SAN FRANCISCO — Meta Platforms Inc. has won a landmark legal battle against the Federal Trade Commission’s (FTC) antitrust lawsuit, which challenged its acquisitions of Instagram and WhatsApp. In a ruling issued…
Elon Musk breaks new record after Tesla approves $1 trillion payout
Elon Musk has become the first corporate leader in history to receive a compensation package valued at $1 trillion. Tesla Inc. confirmed on Thursday that its shareholders overwhelmingly approved the record-breaking payout during…
Record-Breaking U.S. Government Shutdown Costs Economy $15 Billion Weekly
As the United States endures the longest government shutdown in its history, the economic repercussions continue to mount significantly. Now entering its 36th day, this shutdown is costing the U.S. economy approximately…
Federal Reserve cuts interest rates by 0.25 percentage points amid weaker labor market
The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points, but Chair Jerome Powell hinted that the central bank might pause before further lowering borrowing costs. The Fed…
Japan will support the development of AI domestically for national security.
The Japanese government will specify the need to promote domestic development of artificial intelligence in an upcoming strategy, official sources said Sunday, as it seeks to avoid overdependence on foreign AI for…
Trump threatens to impose additional 100% tariff on China
US President Donald Trump has said he would impose an additional 100% tariff on imports from China from next month. In a post on social media, Trump said the US would also…
America’s Top Banker Warns of Significant US Stock Market Correction
In a stark warning to investors, Jamie Dimon, CEO of JPMorgan Chase—the largest bank in the United States—has sounded the alarm on the risk of a major correction in the U.S. stock…
Japanese gov’t says U.S. tariffs hurting auto industry
The Japanese government on Monday maintained its view that the economy is recovering moderately but said higher U.S. tariffs are adversely affecting the auto industry. In its September monthly economic report, the…
Suntory Chairman Niinami steps down after probe into his purchase of dietary supplements
The major Japanese brewer company Suntory Holdings Ltd. announced on Tuesday that chairman Takeshi Niinami had resigned due to an ongoing investigation regarding dietary supplements he allegedly purchased. Niinami, a well-known 66-year-old…