Business

Income distribution figures reveal the long-term deterioration of the American middle class. The share of income earned by middle-income Americans, relative to the top 90th percentile, plummeted from just over …

The planned, rapid implementation of comprehensive semiconductor tariffs, a key measure inherited from the previous administration, is being discreetly slowed down as US officials recalibrate the geopolitical risks. This unexpected …

The UK steel industry is facing a fundamental “scrap” over its future raw materials, as the government backs a move from iron ore to scrap steel. Business Secretary Peter Kyle’s …

The independence of the Federal Reserve is again in question as another senior official, Atlanta Fed President Raphael W. Bostic, announces his retirement. Bostic will step down in February amid …

The US “steel derivatives” tariff list is expected to swell by 700 items, hitting global exporters from Europe to Asia. The expansion comes at the request of hundreds of American …

Google has secured a $1 billion annual deal to help make its rival’s assistant competitive. Apple will use Google’s 1.2 trillion parameter Gemini AI as an “interim solution” to power …

A “no” vote from Norway’s sovereign wealth fund has put a spotlight on “dilution”—a key risk in Elon Musk’s $1 trillion pay package. If the deal is approved, Musk, who …

Fear of sanctions has gripped China’s oil market. State-owned firms are canceling Russian cargoes, and private “teapots” are shunning them, creating a “buyers’ strike.” This retreat is a direct response …

Amazon has reported outstanding growth in its cloud computing division, with third-quarter revenue reaching $33 billion and representing a 20% year-over-year increase that marks the fastest expansion rate the business …

Nvidia’s $5.05 trillion valuation is a monumental achievement, but a growing number of critics, including the IMF and Bank of England, are warning that this colossus may be built on …