Economy
Tesla has secured access to $30 billion in new credit facilities as the electric vehicle maker prepares for a significant expansion of spending on artificial intelligence, autonomous driving, robotics and related infrastructure. The financing arrangements give the company additional financial flexibility......
US private-sector employers added 90,000 jobs in September, marking a notable acceleration in hiring after several months of slower growth, according to the latest ADP National Employment Report. The increase exceeded economists’ expectations and represented a significant improvement from August,......
The United States has tightened its restrictions on Cuba, introducing new financial and travel measures as the administration of President Donald Trump continues to increase economic pressure on Havana. The latest changes affect transactions involving Cuban entities linked to the country’s security......
Trade ministers from the Group of 20 major economies are gathering in Milwaukee, Wisconsin, for two days of discussions dominated by disagreements over tariffs, industrial competition and the future of global trade. Hosted by the United States, the meeting comes at a particularly difficult moment for......
Consumer confidence in the United States fell sharply in September, reaching its lowest level in more than 12 years as households became increasingly concerned about prices, the economic outlook and labour-market conditions. The decline adds to signs that persistent inflationary pressures and elevated......
Nvidia shares continued to advance on Monday after the semiconductor giant approved a record expansion of its share repurchase program, underscoring the company’s confidence in continued demand for artificial intelligence infrastructure. Nvidia’s board authorized an additional $150 billion......
President Donald Trump has announced plans for a $15 billion steelmaking complex in eastern Iowa, a project that the White House and its developers describe as one of the largest steel investments in American history. The facility will be developed by Mesabi Metallics and is expected to become a major......
The United States’ Strategic Petroleum Reserve has fallen to its lowest level in more than four decades, with crude oil stocks declining to 283.8 million barrels last week, according to data from the US Department of Energy. The figure represents the lowest inventory recorded since October 1982. The......
A potential US restriction on diesel exports could initially ease domestic diesel prices but eventually push gasoline prices higher, according to an analysis by Goldman Sachs, highlighting the complex effects that an export ban could have on the US refining system and global fuel markets. The scenario......
Gold prices fell sharply on Monday, extending recent pressure on the precious metals market as higher oil prices and expectations of further monetary tightening in the United States weighed on investor sentiment. Spot gold declined 2.7% to $4,171.85 per ounce, while US gold futures also lost 2.7%, settling......
US defense programs involving Morocco have expanded significantly over the past decade, covering combat aircraft, helicopters, armored vehicles, artillery systems, air-defense weapons and precision-guided munitions. A review cited by Moroccan media puts the value of US arms programs directed toward Morocco......
Elon Musk has argued that artificial intelligence and robotics could provide the foundation for higher incomes worldwide, describing the technologies as the only viable route to what he called broad-based prosperity. The Tesla and SpaceX CEO made the claim in a post on X, where he argued that artificial......
Meta CEO Mark Zuckerberg has overtaken Dell Technologies founder Michael Dell to become the world's fourth-richest person, after a sharp rise in Meta's share price boosted the value of his fortune. According to Forbes data cited in recent reports, Zuckerberg's estimated net worth reached......
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