Browsing: Business

WASHINGTON, Dec 11, 2025: The U.S. Federal Reserve on Wednesday approved its third interest rate cut of the year, lowering the benchmark federal funds rate by 25 basis points to a range of 3.50% to 3.75%, as policymakers signaled a slower pace of easing in 2026. The decision followed a divided vote among members of the Federal Open Market Committee (FOMC), with three dissenting officials underscoring the growing debate within the central bank over how aggressively to reduce borrowing costs. Fed Chair Jerome Powell signals gradual shift as inflation and growth stabilize. Two policymakers voted to leave rates unchanged, while one favored a…

AUSTIN, Texas, December 11, 2025: Oracle Corporation shares dropped sharply after the enterprise software company reported quarterly revenue that fell short of Wall Street expectations, signaling a slowdown in the company’s cloud growth momentum. The stock declined more than eight percent in after-hours trading following the announcement, reversing some of the gains made earlier this year. Oracle reported total revenue of $12.9 billion for the fiscal second quarter ended November 30, a five percent increase from the same period last year but below analyst forecasts of $13.1 billion. Stock market response follows Oracle’s weaker-than-expected revenue results. (Credit – Oracle) Net income rose to $2.4 billion,…

WASHINGTON, Dec. 10, 2025: U.S. farmers are welcoming President Donald Trump’s new 12 billion dollar farm aid package, but many say the support will cover only a portion of the losses they have suffered from low crop prices, higher costs and disrupted exports tied to trade disputes. The White House unveiled the 12 billion dollar plan on Monday for producers hurt by tariffs and weaker global demand. According to the U.S. Department of Agriculture (USDA), about 11 billion dollars will go to row crop growers such as corn, soybean and wheat farmers, with roughly 1 billion dollars reserved for specialty crops including fruits…

OpenAI’s market dominance faces scrutiny as AI growth slows and debt risks challenge global investor confidence.

New York, December 3, 2025: Shares of American Eagle Outfitters surged on Wednesday after the U.S. apparel retailer raised its full-year forecast, citing stronger-than-expected holiday demand and the success of recent celebrity marketing campaigns. The company’s stock rose more than 12 percent in afternoon trading, reaching its highest level since 2022. American Eagle reported third-quarter revenue of approximately $1.4 billion, up 6 percent from a year earlier. Adjusted earnings per share were $0.53, exceeding analysts’ expectations of $0.43. Net income totaled $96 million, compared with $81 million in the same period last year. The company credited the improvement to solid sales across both…

OECD projects 3.2% global growth in 2025 despite trade wars, inflation, and geopolitical risks, signaling broad resilience and steady recovery.

The latest US economic data shows rising job cuts, slower hiring and easing consumer demand as Americans become more cautious about spending and employment stability.

NEW YORK, November 28: Gold prices climbed on Friday, positioning the metal for a fourth consecutive monthly gain as investors adjusted to mounting expectations of a U.S. Federal Reserve interest rate cut in December. The steady rally underscores the metal’s renewed role as a preferred store of value amid a weaker dollar and softer Treasury yields. Spot gold rose 0.7 percent on the day to trade near $2,610 an ounce in late European hours. Prices have advanced about 4.6 percent in November, marking consistent monthly gains since August. U.S. gold futures also firmed, while trading activity normalized after brief technical disruptions earlier in the…

Meta is negotiating to spend billions on Google AI chips, marking a major shift in global AI hardware partnerships.

Corporate crypto treasuries sell assets as bitcoin slumps 31%, cutting valuations and exposing financial strain.