PRESS AI WORLD

ECONOMY

Starbucks to lay off 300 corporate employees amid restructuring efforts

Saturday, May 16

Starbucks announces layoffs of 300 corporate employees as part of a $400 million restructuring plan to achieve profitable growth.

ECONOMY

Trump Celebrates “Fantastic” Trade Deals in China Amidst Criticism of Limited Progress

Saturday, May 16

Trump's China visit yielded optimistic trade claims, yet analysts express skepticism over tangible agreements made during the summit.

ECONOMY

India Raises Petrol and Diesel Prices by Rs 3 Amid Global Supply Challenges

Friday, May 15

India has increased petrol and diesel prices by Rs 3 per litre as global crude prices soar amid geopolitical tensions.

ECONOMY

US authorities near resolution in fraud cases against Gautam Adani

Friday, May 15

Gautam Adani is on the verge of resolving serious fraud cases with US authorities, including settling a civil case with the SEC.

ECONOMY

Kevin Warsh Confirmed as New Federal Reserve Chair Amid Challenges

Thursday, May 14

Senate confirms Kevin Warsh as the new Federal Reserve chair amid growing challenges of inflation and political pressure from Trump.

ECONOMY

US Inflation Hits 3.8% as Iran War Escalates Energy Costs

Wednesday, May 13

US consumer inflation reaches 3.8%, driven by soaring energy costs amid the Iran war, complicating economic and interest rate outlooks.

ECONOMY

Trump's "Golden Dome" Missile Defense Estimated at $1.2 Trillion

Wednesday, May 13

Trump's proposed "Golden Dome" missile defense system costs $1.2 trillion, significantly higher than earlier estimates, according to the Congressional Budget Office.

ECONOMY

EBay rejects GameStop's ambitious $56 billion takeover bid

Wednesday, May 13

EBay has firmly rejected GameStop's $56 billion takeover bid, citing doubts over financing and strategy.

ECONOMY

Oil prices dip amid unstable Iran ceasefire as Trump prepares for China summit

Wednesday, May 13

Oil prices fall as investors track the fragile Iran ceasefire and the upcoming Trump-Xi Jinping summit.

ECONOMY

Instructure Reaches Agreement with Hackers Over Stolen Canvas Data

Tuesday, May 12

Instructure, the parent company of Canvas, pays hackers to delete stolen student data after a significant cyberattack impacting 9,000 educational institutions.