Europe Is Caught Between Low Gas Reserves and Rising Prices From Iran War
Europe has low natural gas reserves. Gas prices are rising because of the Iran war. A liquefied natural gas regasification terminal near Malta supplies gas to power plants.
Section · page 4
Economy
854storiesEconomy archive — page 4 of 22, newest and highest-significance first.
Floundering A.I. Hedge Fund Is Rescued by Rival
Situational Awareness is a hedge fund that uses artificial intelligence to pick stocks. The fund was losing money and needed help. Citadel, a large investment firm run by Kenneth Griffin, gave it money to stay open. Three people who know the deal said this happened.
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A ‘Credibility Shock’ Looms Over the Fed
Kevin Warsh, a former Federal Reserve governor, gave a news conference. After his remarks, financial markets reacted strongly. Some observers say his comments raised doubts about the Fed's credibility. The situation has been described as a 'credibility shock'.
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Apple’s Siri Got an A.I. Brain Transplant. Try These 5 Prompts to Get Acclimated.
Apple updated its virtual assistant Siri with a new artificial intelligence (A.I.) brain. This change makes Siri a more modern chatbot. The upgrade is imperfect but worth trying. You can try Siri's new features by asking it certain questions.
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Air India Offered to Cover My Flight on Another Airline. It Cost Me $2,000.
Air India had a problem with a flight. They offered to pay for a new flight on another airline. But then they said no.
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How Climate Change and Tariffs Help China Raise More Cattle
China's cattle industry is growing. This is because of climate change and tariffs. Tariffs are taxes on imported goods. They make it harder for other countries to sell their goods to China.
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A.I. Data Centers in Space? A System to Cool Chips Could Help.
Scientists are working on a system to cool computer chips in space. This system uses small solar arrays. It could help make artificial intelligence data centers in space possible. These data centers would need more equipment for electricity generation.
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Chipotle hikes same-store sales forecast as diners return for burrito bowls
Chipotle Mexican Grill increased its forecast for same-store sales. This is because more customers are returning to the restaurant. The company's stock has fallen this year. Chipotle sells burrito bowls and other Mexican food. The company's stock value is around $44 billion.
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2 sources7.0Source trust
Leaving Property to Your Heirs Can Lead to Headache, not Robust Wealth
Leaving a house or land to your children can cause problems instead of creating wealth. A financial planner said it is simple when only one person gets the property. Problems appear when the property is split among several heirs. They may disagree on use, sale, or upkeep, leading to headaches.
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The Fight Over the World’s Oldest Bank
There is a dispute over Banca Monte dei Paschi di Siena, the world's oldest bank. The bank's chief executive, Luigi Lovaglio, was photographed in the bank's historic archive in Siena, Italy. Different groups are arguing about the bank's future. The outcome could affect the bank's role in the local and national economy.
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Warsh Considers Reducing Frequency of Fed Policy Meetings
Kevin M. Warsh became the chairman of the Federal Reserve in May. At a meeting this week, he suggested that the Fed might hold its policy meetings less often. He said changing the schedule could help the central bank work more efficiently. No decision has been made yet.
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Companies Rush to Close Daring Deals Under Trump
{"NextEra Energy and Dominion Energy said they will merge.","The deal was announced in May 2024.","John Ketchum is the chief executive of NextEra Energy.","The companies want to create a larger power provider."}
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BP Puts Its North Sea Drilling Business Up for Sale
BP has decided to sell its North Sea drilling business. The business includes a project located about 100 miles east of Aberdeen, Scotland, which began in 2014. The sale is part of BP's ongoing review of its assets.
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What a Hedge Fund’s Implosion Says About the A.I. Trade
Situational Awareness, an AI-focused hedge fund founded by a former OpenAI researcher, has sold most or all of its stock holdings. The fund reportedly sold its public equities to Citadel, owned by Ken Griffin. This move follows a sharp drop in AI-related stocks and worries about the fund's use of leverage.
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1 source7.4Source trust
In Another Wild Day for South Korean Stocks, Market Surges 15 Percent
South Korea's main stock index rose about 15 percent in a single day. This jump followed several days of large swings up and down. It was one of the biggest one‑day gains in recent memory. Traders reacted to hopes of government support and positive global cues.
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1 source8.0Source trust
China's factory activity unexpectedly contracts in July, ending 4-month expansion streak
China's factory activity shrank in July. The official manufacturing PMI fell to 49.2, down from 50.3 in June. This ends a four‑month period of expansion. It is the first contraction seen in about five months.
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China, Its Economy Stumbling, Signals Only Cautious Support
China's economy is slowing down. The government is giving only careful, limited support to help it. Factory production in Ninghai in July showed this weakness.
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Hollywood Foreign Press Association Sues Over Takeover of Golden Globes
Hollywood Foreign Press Association Sues Over Takeover of Golden Globes
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Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision
The cost for the US government to borrow money rose to its highest level in about 20 years. This happened after the Federal Reserve decided to keep interest rates unchanged at its meeting. Investors now ask for higher yields when they buy US Treasury bonds. The move shows worries about inflation and future rate policy.
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Canada’s Answer to Trump’s Tariffs: More Energy Deals With Europe
Canada’s Answer to Trump’s Tariffs: More Energy Deals With Europe
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Michelle Obama and Justice Jackson Talk Work-Life Balance and Public Service
Michelle Obama and Justice Jackson Talk Work-Life Balance and Public Service
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Attack on Egyptian Port Shows Suez Canal’s Vulnerability
{"An attack struck an Egyptian port close to the Suez Canal.","The incident highlighted worries about the canal's security.","The Suez Canal handles roughly 10 percent of all seaborne trade worldwide.","Any disruption there could affect global shipping and prices."}
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Oil Prices Teeter as Middle East Veers Toward Wider Conflict
Oil Prices Teeter as Middle East Veers Toward Wider Conflict
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Shipping Risks Rise Across Crucial Middle East Oil Routes
Shipping Risks Rise Across Crucial Middle East Oil Routes
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Oil Prices Set for More Volatility After Latest Iranian Attack in Strait of Hormuz
Iran attacked ships in the Strait of Hormuz. This area is very important for oil trade. Because of this attack, oil prices might change a lot. Prices could go up or down suddenly. Boats were seen near Oman when this happened.
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Meet the Americans Who Can’t Afford Hair Cuts or Toilet Paper
Many Americans struggle to pay for basic things like haircuts and toilet paper. Trinity Goodman lives in Oklahoma City and says she cannot afford these items. She is one of many people facing tight budgets due to rising costs. Some rely on help from friends or community programs. Others go without until they can save enough.
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How to Change Your Image as a Heartless Luxury Titan Overnight
How to Change Your Image as a Heartless Luxury Titan Overnight
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Economists Warn of A.I. Threat
Experts in economics say A.I. is a big threat to our economy. They believe A.I. can change things much faster than old technologies did. Jack Clark, from Anthropic, signed this warning statement. This shows many people are worried about the speed of these changes.
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In Trump’s Economy, Job Gains Go to Women. That’s Not an Entirely Good Thing.
In the Trump administration, more women have gotten jobs than before. However, many of these new jobs are low‑pay or have less status. This means women are working more, but the jobs are not improving their economic situation much. Experts say the rise in women’s employment reflects a broader decline in job quality.
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Fed’s Preferred Inflation Gauge Eased During Pause in Iran War
In June, the Federal Reserve's favorite inflation measure showed a small drop. This happened while fighting between the U.S. and Iran paused for a short time. Ships were seen moving through the Gulf of Oman on Saturday. Experts warn that if the conflict starts again, U.S. prices could go up.
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Bond Investors’ Inflation Angst Rises on Fed’s Lack of Guidance
The Federal Reserve kept interest rates unchanged. Investors worry that inflation may stay high because rates are not rising. As a result, the yield on U.S. government bonds went up. Higher bond yields make borrowing more expensive for things like home mortgages and business loans.
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California announces minimum wage increase as governor taunts Trump
California Governor Gavin Newsom announced that the state's minimum wage will rise to $17.40 per hour starting January 1. The increase is up from the current $16.90 and will be the highest state minimum wage in the United States. Newsom said the higher pay will help working families cope with high living costs. He also criticized the Trump administration, saying it ignores workers' needs.
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1 source7.5Source trust
Tossed Tuna and Furloughed Workers: Midtown’s ‘Frozen Zone’ Scrapes By
Tossed Tuna and Furloughed Workers: Midtown’s ‘Frozen Zone’ Scrapes By
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Under pressure over China backers, Mercedes CEO pledges to defend U.S. business
Under pressure over China backers, Mercedes CEO pledges to defend U.S. business
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Amazon, Meta and Microsoft face skeptical investors this week after Google report sparked sell-off
Amazon, Meta and Microsoft face skeptical investors this week after Google report sparked sell-off
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The Population Forecasts Are Grim. They’re Still Too Optimistic.
Population forecasts predict that the U.S. will have fewer people in the coming decades. These forecasts are still too optimistic, meaning the decline could be faster than expected. The country is not ready for a smaller population. This could affect jobs, schools, and public services.
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The Summer That Broke Europe
Europe is experiencing very hot weather and big fires. This is causing problems for people and the environment. Scientists say the climate crisis is making things worse.
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Selling Burritos Back to Mexico: Chipotle’s Bold Expansion
Chipotle opened its first restaurant in San Pedro, Mexico. The opening was led by Chipotle's Mexico leadership team. This marks the company's entry into the Mexican market. Chipotle plans to open more locations in the country.
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Yum China Q2 2026 slides: record profit, aggressive expansion
Yum China reported its second quarter 2026 results. The company said profit reached a record high. It also announced plans to open many new stores in China. The slides show strong sales growth and higher margins.
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India wants to join the strawberry superpowers
{"India says it wants to become a major producer of strawberries.","Currently, Indian farmers grow strawberries mainly from seeds imported from the United States and Europe.","The government hopes that using local varieties will reduce costs and increase yields."}
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