Business
Stay informed about the latest financial news, investment opportunities, economic trends, and personal finance advice.
U.S. Markets Plunge as Moody’s Downgrades U.S. Credit Rating
New York, USA: Investors worldwide saw a sharp selloff in stocks after Moody’s stripped the United States of its last AAA credit rating, citing...
Unlock Premium Content
Get access to exclusive deep dives, premium analysis, and more.
E-Commerce T-Shirt Drop-Shippers Hit by Tariff Changes, Imperiling Margins
Washington, D.C., USA: Thousands of small-scale t-shirt drop-shippers face a squeeze after new tariff rules ended the “de minimis” loophole that...
Phillips 66 Proxy Showdown: Elliott and Proxy Firms in Rare Standoff
Houston, Texas, USA: Shareholders of oil refiner Phillips 66 face a high-stakes proxy battle this week as Elliott Investment Management seeks to...
Proposed Credit Card Competition Act Threatens Reward Programs
Washington, D.C., USA: A newly proposed Credit Card Competition Act aims to increase payment network choices but might significantly reduce or...
Walmart’s Value Strategy Draws More Shoppers, Boosts Sales Outlook
Bentonville, Arkansas, USA: Retail giant Walmart beat quarterly sales forecasts and raised its annual outlook, attributing gains to...
Study Finds California’s Idle Oil Wells Cleanup Could Exceed $21 Billion
California, USA: An independent report projects dismantling old and idle oil wells in California could cost up to $21 billion—triple the remaining...
U.S. Jobless Claims Jump as Labor Market Softens
Washington, D.C., USA: Unemployment benefit filings reached 264,000 in early May, the highest since late 2021, signaling cracks in America’s tight...
Deutsche Bank to Pay $75 Million to Epstein Victims
New York, USA: Deutsche Bank agreed to a $75 million settlement with women who say the bank facilitated Jeffrey Epstein’s sex trafficking. Victims...
Biden, McCarthy Hint at Possible Debt Ceiling Breakthrough
Washington, D.C., USA: President Joe Biden and House Speaker Kevin McCarthy both say a debt ceiling deal could be reached by next week, aiming to...
Never Miss Business Updates
Subscribe to TheWkly and get the latest Business news delivered to your inbox, along with exclusive deep dives and impact calculators.
Subscribe for Free