Browsing: Business

WASHINGTON: President Donald Trump on Friday announced a new 10% import duty on goods entering the United States from around the world, moving to replace a set of emergency tariffs that the U.S. Supreme Court struck down hours earlier. In

NEW YORK: Oil futures climbed on Friday as investors tracked heightened U.S.-Iran tensions and fresh warnings from President Donald Trump, adding a geopolitical risk premium to crude prices. Brent crude traded around $71.27 a barrel and U.S. West Texas Intermediate

BENTONVILLE: Walmart said fourth-quarter revenue rose 5.6% from a year earlier to $190.7 billion during the holiday shopping period, while its earnings outlook for the new fiscal year came in below analysts’ expectations. The retailer reported adjusted earnings of 74

WASHINGTON: The U.S. trade deficit totaled $901.5 billion in 2025, barely changed from $903.5 billion in 2024, as higher exports and higher imports largely offset each other despite new tariffs imposed during President Donald Trump’s return to office. The annual

CALIFORNIA: A published report on Friday said Nvidia is in talks to invest up to $30 billion in OpenAI, a figure that would rank among the largest single equity checks into an artificial intelligence company. Nvidia and OpenAI have not

NEW YORK: U.S. stocks have lagged major overseas markets in early 2026 by the widest margin in more than three decades, with Goldman Sachs data showing the weakest relative start to a year since 1995. The gap has been driven

WASHINGTON: Federal Reserve officials showed a widening split over the next direction for U.S. interest rates, with some prepared to reduce borrowing costs if inflation cools and others wanting to keep rates steady longer, according to minutes released Feb. 18 from the

NEW YORK: China, Poland, Türkiye and India recorded the largest net increases in official gold reserves from 2020 through 2025, according to World Gold Council figures compiled from official reporting. The multi year changes, measured in metric tonnes, place China

MISSOURI: Bayer said its Monsanto unit has agreed to a proposed settlement valued at up to $7.25 billion to resolve thousands of U.S. lawsuits alleging that the Roundup weedkiller caused cancer. The proposed nationwide agreement was filed in the Circuit

NEW YORK: Gold prices fell on Tuesday as a firmer U.S. dollar weighed on bullion in a session marked by thin liquidity. Spot gold was down 0.8% at $4,953.90 an ounce by 0345 GMT, after falling about 1% earlier in