Browsing: Business

Davos: JPMorgan Chase Chief Executive Jamie Dimon warned that a proposed cap on U.S. credit card interest rates would trigger an “economic disaster,” sharply criticizing President Donald Trump’s call for Congress to impose a 10% ceiling for one year as part of

MENA Newswire, CALIFORNIA: Meta Platforms has cut about 1,500 jobs in its Reality Labs division, reducing headcount in the unit that develops the company’s virtual reality and augmented reality hardware, software and related content. The layoffs amount to roughly 10% of Reality Labs,

STRASBOURG: The European Parliament has suspended its work to approve a pending European Union trade agreement with the United States, after U.S. President Donald Trump threatened new tariffs against European allies amid a dispute linked to Greenland. The decision halts planned committee steps

MENA Newswire, WASHINGTON: A new study by the Kiel Institute for the World Economy finds that Americans, not foreign exporters, are paying nearly all of the cost of recent U.S. tariffs, as import prices rose almost one-for-one with the duties. The researchers estimate

MENA Newswire, NEW YORK: The six largest U.S. banks trimmed their combined workforce by about 10,600 positions in 2025, the biggest annual net reduction on Wall Street since 2016, according to year-end headcount totals reported by the firms. The decline left JPMorgan Chase, Bank

WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show the measures raised costs inside the United States while leaving the core U.S. goods trade deficit with China largely intact.

MENA Newswire, NEW YORK: U.S. stocks rebounded Thursday as a renewed rally in semiconductor shares helped lift major indexes, while smaller companies continued to outperform in a broadening advance. Traders pointed to a surge in chip-related names after Taiwan Semiconductor Manufacturing Co. reported

MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among a small group of companies to reach that valuation threshold. The milestone was achieved during

MENA Newswire, SAN FRANCISCO: Apple has entered into a multi year agreement with Google to integrate Google’s Gemini artificial intelligence models into Siri, marking one of the most significant partnerships between the two technology companies in recent years and a major shift

WASHINGTON: Senior executives from the largest U.S. oil companies have told President Donald Trump that they are not prepared to make firm investment commitments in Venezuela, underscoring continued caution toward the country’s energy sector despite renewed outreach from the White House, according to