How America's Wealth Distribution Has Changed Over The Last 40 Years
Wealth reflects the value of everything households own, including homes, stocks, businesses, and savings, minus what they owe.
· Tyler Durden
Follow the story
Business & Economy
A focused view of neutral reporting on Business & Economy, brought together across publishers.
Explore all topics →
Neutral reports only
Newest first · UTC+11:00Trump threatens to cut off trade with Spain at NATO summit
US President Donald Trump on Wednesday threatened to cut off trade with Spain as NATO leaders met for their summit in Ankara.
· The Local
Trump orders a halt to US trade with Spain
ANKARA, Turkey — U.S. President Donald Trump said Wednesday he was cutting off trade with Spain over defense spending — reviving a long-running feud between Washington and Madrid.
· Laura Kayali, Megan Messerly
Toyota-backed Chinese unicorn Momenta falls flat in Hong Kong bourse debut
A Momenta robotaxi is displayed at the booth of the Chinese autonomous driving startup at the Auto Shanghai show in April 2025. © Reuters
· Staff Writer
Japan's Itochu and Daikin to recover aluminum from air conditioners
Itochu and Daikin Industries plan to work together to recycle aluminum from the latter's commercial air conditioners as Japan aims to reduce reliance on the Middle East for the metal. (Nikkei montage)
· Staff Writer
How Japan’s yen rout could spark a US financial crisis
Keep independent journalism alive
· M A Hossain
NBA free agency winners and losers: Sixers cash in while Celtics pay price
From Philly’s blockbuster coup to LeBron James once again dominating the market, here are the early winners and losers from a frantic first week of NBA free agency
· Claire De Lune
Trump says he doesn't want anything to do with Spain: 'Cut off all trade'
President Donald Trump has slammed Spain for not contributing enough to NATO, as he attended the defense alliance summit in Turkey.
· Elsa Ohlen
China warns about AI risks with Anthropic's Claude Code
BEIJING — China on Wednesday warned of "back-door" security risks affecting companies that use U.S.-based company Anthropic's Claude Code artificial intelligence tool.
· Evelyn Cheng
The great carbon capture con: behold the wasted billions Burnham could claw back | George Monbiot
There are far better ways to tackle climate breakdown, but successive governments have chosen to listen to the fossil fuel companies instead
· Georgemonbiot
ILO: GenAI sees ‘significant exposure’ in ASEAN labor markets despite uneven preparedness
Already have Rappler+? Sign in to listen to groundbreaking journalism.
· Victor Barreiro Jr.
China targets 190 million inbound travellers, more global influence in 2030 plan
Inbound tourism has grown since late 2023, when China began expanding its visa-free entry scheme to cover an additional 50 countries
· Ralph Jennings
China targets 190 million inbound travellers, more global influence in 2030 plan
Inbound tourism has grown since late 2023, when China began expanding its visa-free entry scheme to cover an additional 50 countries
· Ralph Jennings
BYD challenges Porsche’s 911 with launch of electric supercar in Europe
With the Denza Z electric sports car, featuring DiSus tech and blade batteries, BYD aims to compete globally and challenge its German rival
· Daniel Ren
BYD challenges Porsche’s 911 with launch of electric supercar in Europe
With the Denza Z electric sports car, featuring DiSus tech and blade batteries, BYD aims to compete globally and challenge its German rival
· Daniel Ren
Major banks to offer financial support to Homeplus suppliers
SEOUL, July 8 (Yonhap) -- Major commercial banks on Wednesday announced financial support measures for local suppliers of troubled discount store chain Homeplus Co. after a court decided to terminate its rehabilitation proceedings.
· Kim Boram
SambaNova hits $11 billion valuation as investors back Nvidia chip challengers
An AI chip startup has raised $1 billion in financing as investors continue to pour money into companies looking to challenge Nvidia.
· Arjun Kharpal
LG, GM joint venture begins US production of ESS LFP batteries
LG Energy Solution has started mass production of lithium iron phosphate (LFP) battery cells at its US joint venture plant with General Motors, accelerating its push into the fast-growing North American energy storage systems market.
· Byun Hye-jin
Larvotto digs in as Hammer takeover battle heats up
Larvotto Resources has stood behind its acquisition of Hammer Metals after a rival takeover proposal from ASX-listed Austral Resources emerged, saying its existing scheme offers Hammer shareholders a compelling mix of value, certainty and exposure to a larger ASX-listed resources group.
· Doug Bright
Seoul shares plummet 5.4% on extended tech losses
Seoul shares plummeted 5.4 percent Wednesday as technology stocks extended their losses and investors reassessed the outlook for artificial intelligence trade. The Korean won rose against the US dollar.
· Yonhap
UAE among world's top 10 recipients of FDI in 2025, UN report says | The National
Foreign direct investment into the UAE rose by about 6 per cent to reach $48.24 billion in 2025, the ninth highest total in the world, the UN Conference on Trade and Development (Unctad) has found.
· Sarmad Khan
Singapore's Temasek boosts China exposure by $7.7 billion, biggest rise in five years, in AI-driven pivot
Temasek Holdings increased its China exposure by 10 billion Singapore dollars ($7.7 billion) last fiscal year — the biggest annual increase in five years, as the state investor repositions its portfolio in the country for a new growth cycle led by artificial intelligence and advanced technology.
· Anniek Bao
Singapore's Temasek to raise AI exposure 2.5-fold over 5 years
Singaporean state investor Temasek Holdings sees "compelling opportunities" in artificial intelligence. (Nikkei montage/Source photo by Reuters)
· DYLAN LOH
Singapore's Temasek hits record portfolio value, eyes more investment in AI, infrastructure and private credit
Singapore state investor Temasek Holdings saw its net portfolio value climb to 518 billion Singapore dollars ($401 billion) for the year ended March 31, a second straight annual record.
· Lim Hui Jie
The Telstra outage is a stark reminder of the widespread effects of single system failures
The network disruption – which brought trains, traffic lights and Eftpos payments to a halt – raises questions about the resilience of services
· Josh Taylor
Kuniko chases bonanza silver repeats in NSW with new drilling
Kuniko has fired up the drill rig for a second drilling tilt at its Commonwealth gold-silver project in NSW’s tier-one Lachlan Fold Belt. The program will chase extensions to a stunning bonanza-grade discovery from its recently completed and highly successful maiden campaign.
Seoul shares plummet 5.4 pct on extended tech losses
SEOUL, July 8 (Yonhap) -- Seoul shares plummeted 5.4 percent Wednesday as technology stocks extended their losses and investors reassessed the outlook for artificial intelligence (AI) trade. The Korean won rose against the U.S. dollar.
· Choi Kyong-ae
Hahn & Co. names investment veterans as CIO, CPO
South Korea's leading private equity firm Hahn & Co. promoted two senior executives to C-suite positions on Wednesday as it moves to strengthen its core investment and portfolio management capabilities.
· Im Eun-byel
Hong Kong’s Paul Chan pledges second trip to Saudi Arabia to build Mideast ties
Finance chief announces plan to visit kingdom as Hong Kong becomes first city to host LEAP tech conference outside Saudi Arabia
· Wynna Wong
Hong Kong’s Paul Chan pledges second trip to Saudi Arabia to build Mideast ties
Finance chief announces plan to visit kingdom as Hong Kong becomes first city to host LEAP tech conference outside Saudi Arabia
· Wynna Wong
Nvidia inaugurates expanded Beersheva R&D center
US chip giant Nvidia officially inaugurated its new R&D center in Beersheva on Tuesday, completing its move to new premises in the city. The R&D center in the Gav Yam (Bayside) High-Tech Park, covers about 3,000 square meters, three times the size of the previous center, and currently has hundreds of workstations. A…
· MEYTAL VAIZBERG/GLOBES/TNS
Singapore hospital group makes market debut as population ages
Singaporean hospital group Foundation Healthcare's stock listing ceremony at the Singapore Exchange on July 8. (Photo by Fumika Sato)
· KENTARO TAKEDA
Iran’s economy faces long road to recovery as fragile truce tested
Tehran, Iran – Three weeks after Iran and the United States signed a memorandum of understanding to extend their ceasefire, their truce remains fragile.
· Maziar Motamedi
Telstra has broken a critical rule of corporate crisis management
July 8, 2026 — 4:00pm
· Elizabeth Knight
South Korea's chip hub plans face tough questions over timing, demand
Samsung Electronics' chip production plant at Pyeongtaek, South Korea. Samsung and SK Hynix are involved in a plan to build a new chip production hub in the country's southwest. © Samsung Electronics/Reuters
· Staff Writer
China’s biotech firms challenge US with rapidly developing RAS-targeted cancer therapies
The rapid development of China’s RAS-targeted cancer drugs could reshape global oncology and unlock the country’s undervalued biotech firms
· Julie Zhang
China’s biotech firms challenge US with rapidly developing RAS-targeted cancer therapies
The rapid development of China’s RAS-targeted cancer drugs could reshape global oncology and unlock the country’s undervalued biotech firms
· Julie Zhang
N. Korea's Kim pays tribute to founder on death anniversary while reinforcing own leadership
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
PNB waives InstaPay, PESONet transfer fees
MANILA, Philipppines — The Philippine National Bank (PNB) will waive InstaPay and PESONet transfer fees for customers using its mobile banking application starting July 10, 2026 joining a growing number of banks offering free online fund transfers.
· Nazylen Joy Mabanglo
Financial groups reignite race for insurance deals
South Korea's insurance merger and acquisition market is showing signs of life after years of stalled deals, as major financial groups seek to expand beyond their core businesses.
· Choi Ji-won
Seoul ups pressure on MBK Partners amid Homeplus fallout
MBK Partners has come under mounting political and regulatory pressure as Seoul's presidential office, lawmakers and financial authorities intensify scrutiny of the private equity firm's management practices amid Homeplus' court-led restructuring and possible liquidation.
· Kan Hyeong-woo
S. Korea, US, Japan reaffirm denuclearization on peninsula, deepen energy cooperation
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
Gao Shanwen, economist who questioned China's GDP data, dies
Gao Shanwen, an outspoken Chinese economist, is pictured here attending a forum in Beijing in 2009. © Reuters
· Staff Writer
Apple begins testing CXMT chips for devices sold in China, FT says
Apple has begun testing DRAM chips from China's state-backed ChangXin Memory Technologies for devices sold within China and is lobbying the U.S government to permit broader use of CXMT's products, the Financial Times reported on Wednesday, citing people familiar with the matter.
· Jenny Lee
Gao Shanwen, economist who mapped China’s structural shift, dies at 55 after cancer fight
During a career mapping property markets and credit cycles, the widely watched market commentator questioned official GDP figures
· Sylvia Ma
Gao Shanwen, economist who mapped China’s structural shift, dies at 55 after cancer fight
During a career mapping property markets and credit cycles, the widely watched market commentator questioned official GDP figures
· Sylvia Ma
Lawmakers probe growing use of Chinese AI models in U.S. companies
U.S. lawmakers are considering how to curb the growing adoption of Chinese AI models by homegrown companies, as geopolitical tensions surrounding the rollout of artificial intelligence ramp up.
· Kai Nicol-Schwarz
British investment follows a familiar pattern with ITV and easyJet buyouts | The National
There was hope and disquiet across Westminster, UK media and social media this week, when ITV and Sky TV owner, Comcast, announced they had reached a £1.6 billion ($2.14 billion) deal.
· Chris Blackhurst
Oil prices jump and shares are mixed in Asia
A screen shows the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, July 8, 2026. (AP Photo/Lee Jin-man)
· Elaine Kurtenbach
Filipino tech firm targets hidden business losses from unanswered calls
This is AI generated summarization, which may have errors. For context, always refer to the full article.
· Angelo Gonzales