The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images China expectedly kept its benchmark lending rates unchanged Friday, following the sweeping monetary easing measures rolled out last month to boost growth. The People’s Bank of China held the 1-year loan prime rate at 3.0% and…
A large commercial ship floats off the coast in Bushehr, Iran, on January 15, 2025. Bushehr is Iran’s first nuclear seaport. Amir | Afp | Getty Images Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers are now charging…
Google suffered a setback Thursday after an advisor to the European Union’s top court recommended it dismiss the tech giant’s appeal against a record 4.1-billion-euro ($4.7 billion) antitrust fine. Juliane Kokott, advocate general at the European Court of Justice, advised the court to throw out Google’s appeal and confirm the fine, which was reduced in…
Smoke blankets the sky above Tehran, Iran, following explosions in the capital after the Israeli army hit Iranian targets, on June 18, 2025. Anadolu | Anadolu | Getty Images Oil prices rose by nearly 3% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran and investors watched for signs…
A Fox Sports television camera during a game between the Utah Utes and the USC Trojans at the Los Angeles Memorial Coliseum in Los Angeles on Oct. 21, 2023. Brian Rothmuller | Icon Sportswire | Getty Images Fox Corp. said Thursday that it has acquired Caliente TV, a Mexican sports broadcasting platform, as the media company…
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters President Donald Trump ripped into Federal Reserve Chair Jerome Powell on Thursday, calling him “destructive,” after the central bank kept interest rates steady on Wednesday….
More and more people who are filing for bankruptcy have retail credit card debt, and those bills are getting harder to pay off with record-high interest rates. Store credit cards, which most major retailers offer, typically carry higher interest rates than traditional credit cards because the people who have them tend to have lower credit…
Samsung launched the Galaxy Z Fold6 at its Galaxy Unpacked event in Paris. The tech giant said the foldable device is thinner and lighter than its predecessor. Arjun Kharpal | CNBC Samsung will unveil a thinner version of its flagship foldable smartphone at a launch likely set to take place next month, as it battles…
A SpaceX Starship is seen in Boca Chica, Texas in 2023. Patrick T. Fallon | Afp | Getty Images A SpaceX Starship rocket on Wednesday exploded at the Starbase facility in Texas during routine testing in preparation for a launch flight, according to local authorities and live stream footage. The rocket “experienced a major anomaly…
Crude oil futures were little changed on Wednesday, after President Donald Trump said Iran wants to negotiate over its nuclear program in the wake of six days of Israeli airstrikes. U.S. crude oil futures rose 30 cents, or 0.4%, to close at $75.14 a barrel, while global benchmark Brent gained 25 cents, or 0.25%, to…
