Business & Economics

Why Rent Won't BudgeEconomists are debating the reasons behind this rental resistance. A housing shortage is a key factor, exacerbated by homeowners reluctant to sell with their mortgage rates being more favorable than current rates.

Amazon, the e-commerce and cloud computing giant, has announced that employees must return to the office five days a week starting next year. This decision marks one of the most stringent return-to-office policies among major companies since the pandemic.

South Korean companies are facing a wave of challenges from Chinese competitors in various sectors, ranging from steel and petrochemicals to even kimchi, a quintessential Korean food. This competition is fueled by a combination of overcapacity, sluggish domestic demand in China, and a flood of lower-cost goods entering global markets.

The UK stock market is getting smaller. This is bad news for fund managers, who rely on a diverse selection of companies to invest in.

The iconic Coca-Cola brand, known worldwide, is facing a challenge from an Indigenous Colombian company called Coca Nasa. Coca Nasa, a producer of a beverage called Coca Pola, or "coca beer," argues that Coca-Cola's trademark on the word "coca" is unfair and seeks its revocation. The company claims it is acting "in defense of the coca leaf," a vital legal crop in many South American countries.

Elon Musk announces the relocation of SpaceX and X headquarters from California to Texas, citing California's new gender identification law as the "final straw."

New Zealand's inflation rate softened significantly in the second quarter, raising prospects of an early rate cut by the Reserve Bank of New Zealand.

Federal Reserve Chair Jerome Powell indicates progress in controlling inflation, suggesting potential interest rate cuts in the near future, but no specific timeline is given.

The IMF warns that new tariffs and increased government borrowing could lead to prolonged high interest rates, impacting global economic stability.

Canadian businesses plan to reduce wage hikes and predict poor sales, increasing chances of a Bank of Canada rate cut next week.

Xi Jinping’s focus on manufacturing and technological innovation is intensifying China's economic challenges, with growth slowing, consumer spending falling, and the real estate crisis worsening.

Battery storage is becoming a lucrative sector in the energy market, driven by solar energy growth and significant investments from Wall Street and federal incentives.

Despite paying taxes, many undocumented immigrants in the U.S. can't access Social Security or Medicare, forcing them to work indefinitely or return to their home countries.

Microsoft faces backlash as it shuts down its Diversity, Equity, and Inclusion team, with the former lead accusing the company of systemic issues.

Boeing admits to conspiracy, faces fines and oversight

Families of crash victims oppose lenient agreement

Civil Servants Collecting Salaries Overseas

The Bank for International Settlements warns that unchecked borrowing could lead to inflation and financial crises similar to the UK's 2022 turmoil.

Deal aims to boost data capabilities in private markets

Deal Aims to Fix Quality Issues in 737 MAX Production