Business News

Gold Prices Surge to Heights Unseen Since 1979 Amid Global Uncertainty

Rising geopolitical tensions and central bank purchases fuel gold's remarkable advance in 2024

Gold futures traded in New York have experienced an unprecedented rally in 2024, marking the metal's strongest yearly performance since 1979. The surg...

Bari Weiss Explains Holding Back '60 Minutes' Segment in Staff Memo

CBS News leader addresses trust concerns and political criticism surrounding editorial decision

Bari Weiss, head of CBS News, issued a Christmas memo to staff defending her controversial choice to delay a '60 Minutes' report on the Trump administ...

Morgan Stanley Highlights Potential Inflation-Driven Job Market Stability in 2026

Tariff-induced price increases may help companies avoid layoffs despite economic challenges

Amid a challenging employment landscape marked by widespread concerns over potential layoffs in 2026, Morgan Stanley's chief US economist Michael T. G...

Red Lobster's Fresh Leadership Faces Uphill Battle to Revive Brand and Boost Morale

New CEO Damola Adamolekun aims to restore faith and renovate experience amid financial strain

After a turbulent period culminating in bankruptcy and restructuring, Red Lobster appointed Damola Adamolekun as its CEO. Facing a workforce with seve...

Key Developments on December 24: Epstein Documents, National Guard Deployment, Nursing Home Blast, Student Loan Repercussions, and Obesity Treatment Advances

An in-depth look at major stories spanning legal, security, health, and consumer issues to start your day informed.

This report covers essential news updates on December 24 including fresh disclosures from Jeffrey Epstein's case files implicating additional potentia...

USPS's Strategy to Diversify Last-Mile Delivery Threatens Its Largest Client Relationship

Postal Service seeks new customers for last-mile delivery amid financial challenges, risking key Amazon partnership

The United States Postal Service (USPS) is contemplating broadening its last-mile delivery services beyond Amazon to a wider range of customers as a s...

Disconnect Between Robust GDP Growth and Consumer Sentiment in the US Economy

Despite rapid economic expansion, many Americans remain concerned about inflation, job security, and uneven spending power

Recent data reveals that while the US economy is expanding at its strongest rate in two years, widespread public dissatisfaction persists. The annuali...

Powerball Jackpot Reaches $1.7 Billion Ahead of Christmas Draw

The fourth-largest Powerball prize ever awaits hopeful players in Wednesday's drawing, with no grand prize winners from Monday’s event

The Powerball lottery jackpot has surged to an estimated $1.7 billion, making it the fourth-highest jackpot in the game's history and the second-large...

Kuaishou Faces Surge of Inappropriate Content Following Cyberattack

China's prominent short-video platform disrupted by AI-driven assault releasing illicit videos

Chinese short-video powerhouse Kuaishou experienced a significant cyberattack that inundated its livestreaming service with pornographic and violent c...

US Economy Accelerates Sharply in Third Quarter Amid Diverging Consumer Trends

Robust GDP growth driven by consumer spending, exports, and federal outlays contrasts with weakening consumer confidence and labor market concerns

The US economy expanded at an annualized rate of 4.3% in the third quarter, outpacing the prior quarter's 3.8% growth and marking the fastest pace in ...

Trump's Ongoing Discrepancies Over U.S. Unemployment Figures Deepen

The former president's assertions on job market conditions contrast sharply with official data and lived realities

Following the announcement that the U.S. unemployment rate reached 4.6% in November, former President Donald Trump contested the prevailing interpreta...

US Federal Communications Commission Prohibits Import and Sale of New Foreign-Made Drone Models, Impacting Chinese Manufacturer DJI

The FCC adds Chinese drone makers to its Covered List citing national security concerns, halting new foreign drone sales but allowing continued use of existing devices

The Federal Communications Commission (FCC) has implemented a rule banning the import and sale of all new foreign-made drone models and critical equip...