Business News
(Reuters) -China’s PDD Holdings (PDD) fell short of market estimates for third-quarter revenue on Thursday, in a sign that promotional offers and discounts were not enough to lure cost-conscious consumers to its e-commerce platform. PDD’s US-listed shares fell more than 10% in premarket trading. Higher unemployment rate among youth and a property sector crisis have … Read more
Former President Trump announces a new tax credit proposal while at his rally in Madison Square Garden. The state of Michigan is on track to allow for the unionization of home health care workers, including caregivers aiding ill and infirm family members, starting next year in a move that critics say would hurt caregivers. The Democrat-controlled … Read more
By Riham Alkousaa and Emilie Madi BEIRUT (Reuters) – Lebanese small business owner Ahmad Fahess thought nothing could be more devastating than his cancer diagnosis until suddenly, while he was at work one day, Israeli airstrikes started targeting his town of Nabatieh in south Lebanon. When he saw the tangled mess around him, he knew … Read more
“God, grant me the serenity to accept the things I cannot change,” wrote Jamie Lee Curtis of her decision to leave the social media site X. The actress is among several big names to jump ship from Elon Musk’s platform this month, citing a lurch to the right, misinformation and a lack of moderation. “Tried … Read more
Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this … Read more
Strap: Surabhi Even as India’s export growth has gained momentum in recent months, Chief Economic Adviser V Anantha Nageswaran, on Thursday, cautioned that there is growing protectionism and “de-globalisation” risks and there should not be too much expectation that global growth and global exports would lift up domestic exports. He highlighted that instead it is more important to … Read more
ExxonMobil Exploration & Production Suriname, an affiliate of ExxonMobil, has announced its withdrawal from Block 52 offshore Suriname. This move is part of an ongoing assessment of its global portfolio by ExxonMobil, which has formally notified Staatsolie, a vertically integrated state-owned commercial entity, of its exit from the block. The company will transfer its 50% … Read more
RomanBabakin Huawei Technologies intends to begin mass-manufacturing of its most advanced AI chips in the first quarter of 2025, despite struggles to make enough processors due to U.S. export curbs, Reuters reported, citing people with knowledge of the matter. The Chinese
Former President Trump announces a new tax credit proposal while at his rally in Madison Square Garden. The state of Michigan is on track to allow for the unionization of home health care workers, including caregivers aiding ill and infirm family members, starting next year in a move that critics say would hurt caregivers The Democrat-controlled … Read more
