Economy & Finance
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Newest first · UTC+11:00AI spending is the only thing from keeping the US economy from falling off a cliff
The only thing keeping the US economy from falling off a cliff is AI spending: Without it, the nation’s growth numbers would be in the toilet, dragged down by an Iran war that’s goosing gasoline prices and sending US consumers straight to the poor house.
Over 400 S. Korea-listed firms exceed 1tr won in market capitalization
The number of South Korean-listed companies whose market capitalization surpassed 1 trillion won ($679.7 million) exceeded 400 for the first time this year, following a dramatic pre-Middle East-conflict recovery in the stock market, data showed Sunday.
Over 400 S. Korea-listed firms exceed 1 tln won in market capitalization
SEOUL, May 3 (Yonhap) -- The number of South Korean-listed companies whose market capitalization surpassed 1 trillion won (US$679.7 million) exceeded 400 for the first time this year, following a dramatic pre-Middle East-conflict recovery in the stock market, data showed Sunday.
Some W3tr worth of loans extended by S. Korean banks unrecoverable in Q1
Some 3 trillion won ($2 billion) worth of loans extended by South Korea's four major financial groups have been classified as "estimated loss" in the first quarter, financial sector data showed Sunday.
Some 3 tln won worth of loans extended by S. Korean banks unrecoverable in Q1
SEOUL, May 3 (Yonhap) -- Some 3 trillion won (US$2 billion) worth of loans extended by South Korea's four major financial groups have been classified as "estimated loss" in the first quarter, financial sector data showed Sunday.
Will Hormuz crisis spur Asia to boost oil reserve cooperation?
Japanese Prime Minister Sanae Takaichi discusses energy cooperation with Asia-Pacific leaders on April 15. Her POWERR Asia initiative is centered on financial support and the establishment of an oil stockpiling system. (Cabinet Public Affairs Office)
Voters will judge Trump on the economy - how is it doing?
Donald Trump once predicted the US-Israeli war in Iran would last no longer than six weeks. It has now entered its third month.
Trump Hits Cuba With New Sanctions; Rubio Warns Of Havana's Foreign Influence Ops
The Trump administration's Cuba pressure campaign accelerated this past week, with Trump signing an executive order Friday that broadens U.S. sanctions against Havana and opens the door to severe penalties on foreign firms operating key nodes in the Cuban economy. On top of this, Secretary of State Marco Rubio made …
Mother of billionaire NBL boss to sell $12 million-plus Mosman mansion
Svetlana Kestelman, the mother of Rich Lister and owner of the NBL, Larry Kestelman, has put her Mosman mansion on the market with a price guide of $12.75 million to $14 million.
It just cost $2,553 to fill up 'Whiskers' — and Australians might bear the cost
On the Hume Highway, it takes four shots of coffee, $2,553 of fuel and a little hair metal to keep the wheels of the Australian economy turning.
Tacos win hearts and wallets of inflation-squeezed Japanese diners
Diners enjoy tacos at Tortilla Club Tortilleria in Tokyo's Shibuya district. (Photo by Jun Takai)
Months into the US-Israel 'ceasefire', Gaza remains a scene of chaos and terror
The bomb struck the busy market area of al-Nafaq Street in broad daylight.
Angele Lapp breaks globally with ‘Downtown Stories’ as radio and streaming momentum accelerates
POPOLO Music Group announces that Angele Lapp’s debut EP, "Downtown Stories," is rapidly gaining global traction, fueled by international radio play, rising streaming engagement, and a multi-market rollout strategy. Available now on all major platforms, the project is emerging as a strong contender in today’s pop la…
An update on the quagmire
LAST week, the Asian Development Bank (ADB) released a special update to its April 2026 Asian Development Outlook (ADO), which was prepared in March. The ADO is a regularly scheduled report that is published in April and September, and while it is not unprecedented for the ADB to publish a revised forecast shortly a…
When global financial crises shake investors
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Cebu City court denies plea to halt Carbon Market redevelopment
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America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride
Gasoline prices are displayed at a Mobil gas station on Wednesday, April 29, 2026, in Portland, Ore. (AP Photo/Jenny Kane)
ZeroHedge Fertilizer Debate: Hormuz Closure Could Usher In New Arab Spring
On Friday, ZeroHedge, in partnership with the Macro Dirt Podcast, hosted a debate focused on the implications for agriculture, inflation, and global supply chains given the current situation in Iran. The discussion was illuminating and worth a rewatch if you missed it.
Quezon City taps TikTok Shop to expand MSME market reach
MANILA, Philippines — The Quezon City government tapped TikTok Shop to help micro, small, and medium enterprises (MSMEs) expand their market reach through digital platforms, as around 300 business owners and staff joined the Unlad Lokal Roadshow Caravan.
Japan Buys Russian Oil for the First Time Since Hormuz Closure
Japan is set to receive its first shipment of Russian crude oil since the conflict in the Middle East disrupted global energy supplies, Japanese media reported Saturday, citing the Ministry of Economy, Trade and Industry.
Less financial stability, smaller social safety nets: inside the gen Z investing boom
Apps, AI tools and shaky job prospects are pushing gen Z into markets earlier, blending caution with risk-taking
‘Go inside, he will kill you’: Israeli militants step up West Bank school attacks
Education is being targeted across Palestine, with the murder of 14-year-old Aws al-Naasan only the latest in a spree of violence
Teen suspect in murder of 2 Kentucky bank employees leads police on wild 130 mph chase
A masked suspect accused of gunning down two bank employees inside a Kentucky branch is now facing federal charges after a wild, high-speed chase that ended in a crash, according to court documents.
China’s live music boom spreads to smaller cities as consumption drive expands
Local authorities are using big concerts to attract tourists and revenue, part of broader efforts to boost consumption under new five-year plan
China’s live music boom spreads to smaller cities as consumption drive expands
Local authorities are using big concerts to attract tourists and revenue, part of broader efforts to boost consumption under new five-year plan
Hong Kong records 13% rise in mainland Chinese visitors on day 1 of ‘golden week’
Over 300,000 inbound trips made throughout day, while outbound journeys by residents hit more than 430,000
Hong Kong records 13% rise in mainland Chinese visitors on day 1 of ‘golden week’
Over 300,000 inbound trips made throughout day, while outbound journeys by residents hit more than 430,000
Mini-crises sparked by the Iran war may add up to a big collapse
From energy, inflation and trade to slowing global growth and investment uncertainty, these mini-crises have the makings of a massive crisis
Mini-crises sparked by the Iran war may add up to a big collapse
From energy, inflation and trade to slowing global growth and investment uncertainty, these mini-crises have the makings of a massive crisis
Abu Dhabi's and Qatar's credit ratings remain high-grade on robust fiscal buffers | The National
Abu Dhabi's and Qatar's credit ratings remain at a high-grade level with their outlooks stable, underpinned by strong fiscal buffers enabling them to cope with the current geopolitical crisis, new reports from ratings agencies have shown.
Korea adds Toss to large business group list after stock market boom
FTC designates Toss as new publicly disclosed business group; Kiwoom and DB also climb in rankings
UAE supply chain plan to protect against external shocks in 'uncertain world' | The National
Analysts have hailed an initiative to protect supplies of key commodities in the UAE as evidence of the country’s determination to prevent regional conflict from disrupting the economy and day-to-day life.
Spirit Airlines ceases operations after 34 years amid financial struggles and high oil prices
Company had struggled to increase post-pandemic demand before war in Iran pushed up jet fuel costs
Who owns Novitex: Iran's largest crypto exchange used by IRGC to move millions - explainer
The sons of a powerful family with close ties to Iran’s new supreme leader control the country’s largest cryptocurrency exchange, transforming it from a startup into a conduit to the global economy used by both blacklisted state institutions and ordinary citizens.
Apple leads Wall Street to more records as oil prices pull back
NEW YORK — The US stock market set more records Friday after Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts expected. Easing oil prices also helped steady the stock markets around the world that were still open on the May Day holiday.
After Kentucky Oaks win, trainer Chad Brown hopes for double with Emerging Market in Kentucky Derby
Always a Runner (9) ridden by Jose L. Ortiz wins the 152nd running of the Kentucky Oaks horse race at Churchill Downs, Friday, May 1, 2026, in Louisville, Ky. (AP Photo/George Walker IV)
Mills Drops Out In Maine Governor's Race As Oysterman With Nazi Tattoo Becomes Democratic Frontrunner
Maine Gov. Janet Mills suspended her U.S. Senate campaign Thursday morning, citing a lack of financial resources. That's the official explanation. The more accurate one is that the polls showed her trailing badly to Graham Platner, an oysterman from coastal Maine with no electoral experience.
Insurance seed bank helps revive rare flowers lost to bushfires
The Stirling Range National Park is a floral diversity hotspot. (Supplied: DBCA)
Durian Express? New Southeast Asia rail service cuts fruit prices in China
A new cold-storage rail service is whisking mountains of durians from Thailand to China, reducing prices for the prized fruit
Durian Express? New Southeast Asia rail service cuts fruit prices in China
A new cold-storage rail service is whisking mountains of durians from Thailand to China, reducing prices for the prized fruit
US Pentagon signs AI deals with Google, Nvidia and SpaceX, focus on ‘lawful’ use
The deal comes even as some tech workers raise concerns about the use of AI for autonomous weapons and mass surveillance
US Pentagon signs AI deals with Google, Nvidia and SpaceX, focus on ‘lawful’ use
The deal comes even as some tech workers raise concerns about the use of AI for autonomous weapons and mass surveillance
Cuba says Trump’s fresh sanctions on its economy amount to ‘collective punishment’
The US sanctions target people operating in broad sections of Cuban economy, including energy, defence and mining
Here’s how to crush Tehran in three moves
The small group of Islamist regime loyalists now ruling Iran by committee may be able to fool the world with AI-generated propaganda videos, paper statements attributed to an invisible ayatollah and ChatGPT-scripted posts on X, but they can’t escape the reality of an American naval blockade pushing their economy off…
A Robot Economy: Who Gets Rich, Who Gets Left Behind
Authored by Lance Roberts via RealInvestmentAdvice.com,
US warns key Ukraine backers of delays in weapons deliveries – FT
The US has warned several European countries, including the UK, Poland, Lithuania, and Estonia, to expect delays in deliveries of American-made weapons because the war with Iran has depleted stockpiles, the Financial Times reported late on Friday, citing people familiar with the matter.
US warns key Ukraine backers of delays in weapons deliveries – FT
The US has warned several European countries, including the UK, Poland, Lithuania, and Estonia, to expect delays in deliveries of American-made weapons because the war with Iran has depleted stockpiles, the Financial Times reported late on Friday, citing people familiar with the matter.
GameStop preparing an offer to buy eBay in effort to boost market value: report
GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer’s market value more than tenfold, the Wall Street Journal reported on Friday.
Dem congressional candidate arrested at May Day protest that blocked Wall Street
At least five people — including a Queens congressional candidate — were arrested Friday as part of a May Day protest outside the New York Stock Exchange.