Business News
US Becomes World’s Largest Oil Exporter for Third Month: Energy Market Data
The United States has become the world's largest oil exporter for the third month in a row, exporting around 10.5 million barrels per day in May, according to energy market and cargo tracking company Vortexa.
DOJ Closes Investigation Into Paramount’s Acquisition of Warner Bros., Opening Door for Merger
The eight-month investigation involved a review of more than 2 million documents provided to the DOJ by both Paramount and Warner Bros.
SpaceX IPO Opens Door to Everyday Investors
SpaceX has officially gone public—and retail investors are racing to get in.
US Replacing Over Half of Iranian Oil as Exports Hit Record 5.4 Million Barrels per Day
Secretary of Energy Chris Wright joined Rep. Brian Babin (R-TX) on June 12 at the Port of Houston to highlight America’s growing energy dominance.
Government Rules Add More Than One-Quarter of New Home Price: Study
Builders say rising compliance costs are slowing construction and making the housing affordability crisis worse.
Popular Frozen Pizza Product Recalled Over Possible Metal Contamination, FDA Says
Rich Products Corporation said Friday that the recalled Farm Rich Pizza Cheese Crunchers were distributed exclusively through foodservice channels and not sold in grocery stores.
Security Fears Reshape Capital Flows as SpaceX Sidelines Chinese Investments
US company's curbs on Chinese investment and Beijing’s capital controls point to a widening economic divide.
Elon Musk Becomes World's First Trillionaire as SpaceX Surges on Market Debut
Investors are betting on Elon Musk establishing data centers in space and making a permanent human colony on Mars.
Elon Musk's SpaceX Makes Its Debut on Wall Street
Musk, already the world's richest man, could become its first trillionaire.
US Appeals Court Allows Trump's 10 Percent Global Tariffs to Continue During Appeal
A court struck down the tariffs on May 7 in a 2–1 vote.
254,000 Kids’ Pool Toy Sets Sold on Shein, Temu, Amazon Recalled Over Impalement Risk
When children play in shallow water, they can fall or land on one of the rigid sticks and become impaled.
GM Follows Tesla, Ford Into Large-Scale Battery Storage Manufacturing Space
Automakers are piling into the battery storage space to offset sagging electric vehicle (EV) sales.
Unemployment Claims Climb Above Estimates to Highest Since February
Seasonal factors could explain the unexpected surge in applications for jobless claims.
First Lady to Announce Fostering the Future Accounts
The White House says the accounts will empower foster youth to prepare for a fiscally independent future.
Microsoft to Build 48-Megawatt Data Center in Silicon Valley
Microsoft is starting the second phase of development at a 65-acre site for a new datacenter in Silicon Valley.
US Seeing Disinflation in Sectors Other Than Energy: Economist
Joining NTD to discuss is Daniel Lacalle, chief economist at Tressis.
Microsoft Lays Off Hundreds of Employees in China: Report
Microsoft is cutting its workforce in China. The South China Morning Post, one of Hong Kong's leading newspapers, reported that the company plans to lay off between 200 and 400 employees.
ActBlue CEO Pleads 5th to Lawmakers Questioning About Alleged Foreign Donations
Congress questioned the ActBlue CEO over allegations of allowing foreign donations on the platform.
Viral Squishy Dumpling Toys Recalled in UK Due to Emission of Petrol-Like Smell
A Trading Standards Wales notice said the toys emitted a strong chemical odor and lacked manufacturer details.
Honda America Recalls More Than 880,000 Vehicles Over Rear Suspension Components Failure
Honda Motor America has recalled 880,514 vehicles in the United States over the failure of rear suspension components in the vehicles.
US Becomes World’s Largest Oil Exporter for Third Month: Energy Market Data
The United States has become the world's largest oil exporter for the third month in a row, exporting around 10.5 million barrels per day in May, according to energy market and cargo tracking company Vortexa.
DOJ Closes Investigation Into Paramount’s Acquisition of Warner Bros., Opening Door for Merger
The eight-month investigation involved a review of more than 2 million documents provided to the DOJ by both Paramount and Warner Bros.
SpaceX IPO Opens Door to Everyday Investors
SpaceX has officially gone public—and retail investors are racing to get in.
US Replacing Over Half of Iranian Oil as Exports Hit Record 5.4 Million Barrels per Day
Secretary of Energy Chris Wright joined Rep. Brian Babin (R-TX) on June 12 at the Port of Houston to highlight America’s growing energy dominance.
Government Rules Add More Than One-Quarter of New Home Price: Study
Builders say rising compliance costs are slowing construction and making the housing affordability crisis worse.
Popular Frozen Pizza Product Recalled Over Possible Metal Contamination, FDA Says
Rich Products Corporation said Friday that the recalled Farm Rich Pizza Cheese Crunchers were distributed exclusively through foodservice channels and not sold in grocery stores.
Security Fears Reshape Capital Flows as SpaceX Sidelines Chinese Investments
US company's curbs on Chinese investment and Beijing’s capital controls point to a widening economic divide.
Elon Musk Becomes World's First Trillionaire as SpaceX Surges on Market Debut
Investors are betting on Elon Musk establishing data centers in space and making a permanent human colony on Mars.
Elon Musk's SpaceX Makes Its Debut on Wall Street
Musk, already the world's richest man, could become its first trillionaire.
US Appeals Court Allows Trump's 10 Percent Global Tariffs to Continue During Appeal
A court struck down the tariffs on May 7 in a 2–1 vote.
254,000 Kids’ Pool Toy Sets Sold on Shein, Temu, Amazon Recalled Over Impalement Risk
When children play in shallow water, they can fall or land on one of the rigid sticks and become impaled.
GM Follows Tesla, Ford Into Large-Scale Battery Storage Manufacturing Space
Automakers are piling into the battery storage space to offset sagging electric vehicle (EV) sales.
Unemployment Claims Climb Above Estimates to Highest Since February
Seasonal factors could explain the unexpected surge in applications for jobless claims.
First Lady to Announce Fostering the Future Accounts
The White House says the accounts will empower foster youth to prepare for a fiscally independent future.
Microsoft to Build 48-Megawatt Data Center in Silicon Valley
Microsoft is starting the second phase of development at a 65-acre site for a new datacenter in Silicon Valley.
US Seeing Disinflation in Sectors Other Than Energy: Economist
Joining NTD to discuss is Daniel Lacalle, chief economist at Tressis.
Microsoft Lays Off Hundreds of Employees in China: Report
Microsoft is cutting its workforce in China. The South China Morning Post, one of Hong Kong's leading newspapers, reported that the company plans to lay off between 200 and 400 employees.
ActBlue CEO Pleads 5th to Lawmakers Questioning About Alleged Foreign Donations
Congress questioned the ActBlue CEO over allegations of allowing foreign donations on the platform.
Viral Squishy Dumpling Toys Recalled in UK Due to Emission of Petrol-Like Smell
A Trading Standards Wales notice said the toys emitted a strong chemical odor and lacked manufacturer details.
Honda America Recalls More Than 880,000 Vehicles Over Rear Suspension Components Failure
Honda Motor America has recalled 880,514 vehicles in the United States over the failure of rear suspension components in the vehicles.