Russia resumes forex purchases as oil price windfall boosts revenues
Russia will resume buying foreign currency on the market for the first time since before the start of the war in Ukraine, according to a statement from the Finance Ministry,…
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Category: Business
US private payrolls beat estimates as hiring rises to 109,000 in April
Private sector hiring in the United States came in stronger than expected in April, offering fresh evidence of labor market resilience and reinforcing the case for the Federal Reserve to…
Australian central bank raises rates for third time as oil shock bites
The Reserve Bank of Australia has raised its official cash rate for the third consecutive time this year, taking it to 4.35% and effectively erasing all the monetary easing delivered…
Is Big Tech’s $725B AI splurge being funded by mass layoffs?
A widely reported figure this past week is that 81,747 tech workers lost their jobs in Q1 2026, the highest quarterly layoff figure the industry has seen in at least…
Build-A-Bear recalls roughly 36,000 Heart-Warming Hugs Bears
Roughly 36,000 Heartwarming Hugs Bears, a stuffed animal manufactured by Build-A-Bear, are being recalled due to a zipper detaching from the bear’s pouch. Subscribe to read this story ad-free Get…
Trump to raise EU auto tariffs to 25% as trade tensions resurface
US President Donald Trump said he will raise tariffs on cars and trucks imported from the European Union to 25%, escalating trade tensions as Washington accuses the bloc of failing…
Evening digest: Trump displeased with Iran talks, jolts EU with auto tariffs
President Donald Trump expressed dissatisfaction with ongoing Iran negotiations, while also announcing plans to raise tariffs on EU auto imports to 25%. Oil prices eased amid renewed diplomatic signals, even…
Will Powell’s move limit White House influence over the Fed?
Federal Reserve Chair Jerome H. Powell has capped his eight-year tenure with one of the most contentious policy moments in decades, underscoring deep divisions within the central bank. Besides, his…