Latest business news and market updates
HSBC is experiencing difficulties in its search for a new chairperson, extending its leadership uncertainty amid a competitive banking sector and complex geopolitical environment.
Despite robust consumer-driven corporate profits in Q2, stock market reactions remain muted, signaling that investors have high expectations and are quick to penalize earnings misses amid a volatile market environment.
On July 4, 2025, President Donald Trump signed a $3.4 trillion budget bill, extending tax cuts and funding immigration enforcement, sparking debate on its long-term economic effects.
Former Treasury Secretary Lawrence Summers cautions that President Trump’s proposed 'One Big Beautiful Bill' could increase budget deficits and weaken social welfare programs. He also warns of delayed inflationary impacts due to tariffs and debt-driven spending, while criticizing calls for ultra-low interest rates.
A deadly fire at Iran’s largest oil refinery in Abadan has claimed one life, highlighting ongoing safety challenges in the country’s critical energy infrastructure.
A vehicle struck a crowd outside an East Hollywood nightclub, injuring at least 30 people. Authorities continue investigation amid growing concerns over pedestrian safety in busy nightlife areas.
Hawaiian coffee farmers warn that President Trump's tariffs on major coffee exporters, including Brazil, could harm their niche industry by disrupting global supply chains and raising prices.
As US colleges face declining enrollments and financial strains, a novel model emerges where retired baby boomers live alongside 18-year-old students, fostering unique intergenerational communities.
Facing shrinking student numbers and tight budgets, US colleges are integrating senior living communities on campus, leveraging baby boomers’ wealth to create sustainable financial models.