Browsing: Business

MENA Newswire, NEW YORK: The U.S. dollar weakened broadly in late January trading as the Japanese yen climbed sharply, with investors focused on signs that officials in Tokyo and Washington were monitoring rapid currency moves. The yen’s surge helped pull the dollar lower against

MENA Newswire, NEW YORK: Elon Musk’s estimated net worth reached about $788 billion on Jan. 22, 2026, a record level on a widely followed real time wealth ranking after a rally in Tesla shares increased the value of his largest public stake. The estimate

NEW YORK: New Federal Reserve data show the wealth gap in the United States widened to its largest level in more than three decades as rising stock and home values lifted the richest households far more than everyone else. In the third quarter

WASHINGTON: U.S. Treasurys are confronting fresh political risk after President Donald Trump’s administration revived pressure on Denmark over Greenland and coupled it with threats of trade retaliation, prompting parts of Europe’s investment community to reassess exposure to U.S. government debt. The reassessment

Davos: JPMorgan Chase Chief Executive Jamie Dimon warned that a proposed cap on U.S. credit card interest rates would trigger an “economic disaster,” sharply criticizing President Donald Trump’s call for Congress to impose a 10% ceiling for one year as part of

STRASBOURG: The European Parliament has suspended its work to approve a pending European Union trade agreement with the United States, after U.S. President Donald Trump threatened new tariffs against European allies amid a dispute linked to Greenland. The decision halts planned committee steps

MENA Newswire, CALIFORNIA: Meta Platforms has cut about 1,500 jobs in its Reality Labs division, reducing headcount in the unit that develops the company’s virtual reality and augmented reality hardware, software and related content. The layoffs amount to roughly 10% of Reality Labs,

MENA Newswire, WASHINGTON: A new study by the Kiel Institute for the World Economy finds that Americans, not foreign exporters, are paying nearly all of the cost of recent U.S. tariffs, as import prices rose almost one-for-one with the duties. The researchers estimate

MENA Newswire, NEW YORK: The six largest U.S. banks trimmed their combined workforce by about 10,600 positions in 2025, the biggest annual net reduction on Wall Street since 2016, according to year-end headcount totals reported by the firms. The decline left JPMorgan Chase, Bank

WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show the measures raised costs inside the United States while leaving the core U.S. goods trade deficit with China largely intact.