Wall Street Sounds Alarm on SNAP Cuts Amid Peak Shopping Season
As the US government shutdown stretches further into November and threatens holiday spending, one casualty of the budget…
Engie Chairman Says AI Demand Propels Solar Despite US Policies
Policy uncertainty is deterring investment in US energy projects, though surging power demand tied to artificial intelligence will…
Why US Drug Prices Are So High. Can Trump Really Cut Them?
Americans spend more on prescription drugs than anyone else in the world. It’s true that they take a…
Lilly, Novo to Lower Obesity Drug Prices in Deal with Trump
Eli Lilly & Co. and Novo Nordisk A/S secured deals with the Trump administration to slash prices for…
Treasuries Slump as Supply Outlook Compounds Anxiety About Fed
Treasuries slid after the US government signaled that larger auction sizes are on the horizon, while signs of…
Caterpillar to Double Gas Turbine Capacity to Feed AI Boom
Caterpillar Inc. plans to more than double its capacity of gas turbines to tap into soaring demand for…
Fed’s Cook Says Risk to Labor Market Outweighs Inflation Risk
Federal Reserve Governor Lisa Cook said she sees the risk of further labor-market weakness as greater than the…
Mark Carney to Unveil Debt-Fueled Canadian Budget to Revamp Economy
Mark Carney was elected prime minister with a mandate to transform Canada’s economy. Now he needs to assure…
OPEC+ to Agree Small Output Hike for December, Delegates Say
OPEC+ members are set to approve another small output hike for December when they meet online on Sunday,…
World Economy Latest: Fed’s Powell Reins in Rate-Cut Expectations
Central bankers in North America’s two largest economies lowered borrowing costs this week, though yields on government debt…
Is a Private Credit Crisis Brewing? Tricolor, First Brands Shake Wall Street
The business model of Tricolor Holdings didn’t sound especially stable to begin with. The auto lender, based in…
HK’s Economy Grows Most Since 2023, Defying Trade Tensions
Hong Kong’s economy expanded much faster than forecast in the third quarter, posting the strongest growth in nearly…