Business News

Gold prices reached a record high of $2,449.89. U.S. inflation is playing a key factor. But Daniel LaCalle, chief economist at Tressis Hedge Fund, said there are a number of reasons prices went up. This includes China stocking up on the precious metal, because of the United States’ continued high inflation. Mr. LaCalle explains why […]

Target will lower prices on thousands of everyday items to help customers save money and ensure it remains competitive, the retailer announced on Monday. A total of 5,000 frequently shopped items will be reduced over the course of the summer, according to a company statement. It has already lowered prices on 1,500 of those products. […]

Restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court. It said its restaurants will be open and operate as usual during the proceedings, and plans to reduce its locations as well as pursue a sale of substantially all its assets. Target is lowering prices on at least 5,000 frequently shopped products across its assortment ranging […]

The vacancy rate of retail locations in New York City is down near pre-pandemic levels at around 11 percent, according to the City Council. This comes as a shift is becoming evident in leasing strategies, with tenants turning away from paying big rents on long-term leases in favor of pop-up, 6-month leases to try out […]

Two young men, graduates of one of the country’s top universities, are indicted and face life in prison for stealing $25 million in Ethereum cryptocurrency by hacking its technology in a novel hacking attack that raises concerns over crypto safety. According to a Department of Justice press release, brothers Anton Peraire-Bueno, 24, of Boston, and […]

Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn shrimp and “endless” seafood deals, has filed for Chapter 11 bankruptcy protection. The 56-year-old chain made the filing late Sunday, days after shuttering dozens of restaurants. “This restructuring is the best path forward for Red Lobster. It allows us […]

Rep. Thomas Massie (R-Ky.) has introduced legislation to end the Federal Reserve, the U.S. central bank responsible for managing the country’s financial and banking system. The bill titled the “Federal Reserve Board Abolition Act” or “End the Fed” seeks to abolish the Federal Reserve System by dismantling its board of governors and the Federal Reserve […]

While rallying in Minnesota, former President Donald Trump redoubled his focus on criticizing soaring inflation on President Joe Biden’s watch, claiming that the price hikes since his rival assumed office are costing the typical family an additional $1,165 dollars each month compared to the Trump presidency. “When I left office, we had NO INFLATION,” President […]

Home prices in the United States have climbed to a record high following a nationwide supply shortage, according to real estate brokerage Redfin. “The median U.S. home sale price rose 6.2 percent year over year in April to $433,558—the highest level on record,” said a May 17 Redfin press release. Even though the housing market […]

Walmart reported strong revenue growth in the most recent quarter, with executives revealing that higher-income customers were behind a major portion of the company’s gains. On May 16, Walmart announced its Q1, 2025, results for the three months ending March 31, reporting “strong revenue growth” of six percent, operating income growth of 9.6 percent, and […]

American consumer interest in buying electric vehicles dipped over the past year due to concerns about charging facilities and high purchase prices, according to a recent study by automotive data and analytics firm J.D. Power. This year, 24 percent of surveyed shoppers said they were “very likely” to consider buying an EV, down from 26 […]

TikTok and the Justice Department jointly requested on Friday that a federal appeals court expedite consideration of a challenge to a new law that mandates the app divest from its Chinese parent company or be banned in the United States over national security concerns. The petition states, “In light of the large number of users […]

China unveils a big move to rescue its property sector, an industry that used to account for a quarter of the country’s GDP but is now mired in crisis. The problem is, will it work? NTD spoke to Frank Xie, John M. Olin Palmetto Chair in Business at the University of South Carolina Aiken, for […]

VANCE, Alabama—Workers at a Mercedes-Benz plant in Alabama handed a stinging loss to the United Auto Workers (UAW) on Friday, rejecting the union in a vote it had expected would build on a win at a Tennessee Volkswagen plant and push it deeper into the South. It marked the first big loss for UAW organizers […]

China announced “historic” steps on Friday to stabilize its crisis-hit property sector, with the central bank facilitating $1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy “some” apartments. NTD speaks to China economic analyst Antonio Graceffo for further insight.

Warren Buffett’s Berkshire Hathaway has finally revealed its new billion-dollar investment, which was kept under wraps during a preparatory period that has lasted since last year. Mr. Buffett’s new investment is a $6.7-billion stake in insurance company Chubb, which garnered him 26 million shares in the company—or a 6.4-percent stake. The move was revealed in […]

China on Friday announced some of its most sweeping measures yet to stabilize the crisis-hit property sector, allowing local governments to buy some apartments, relaxing mortgage rules, and pledging further efforts to deliver unfinished homes. U.S. workers at a Mercedes-Benz plant in Alabama handed a stinging loss to the United Auto Workers on Friday, rejecting […]