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Business

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U.S. stocks tumble after Israel invades Iran
Dow Jones dives 770 points as Israel gate-crashes world markets

NEW YORK, New York - U.S. stocks tumbled Friday as the world was thrown into turmoil by unprecedented attacks by Israel on Iran. ...

Layoffs hit Paramount Global as viewers shift to streaming
Paramount Global cuts 3.5% of US staff amid cable TV decline

NEW YORK CITY, New York: Paramount Global is cutting 3.5 percent of its U.S. staff as part of another round of layoffs. The company...

OpenAI to use Google Cloud as demand for computing surges
OpenAI signs cloud deal with Google despite intense AI rivalry

SAN FRANCISCO, California: In a move that highlights how the demand for compute power is reshaping the AI industry, OpenAI has signed...

Toothy toy Labubu becomes auction star, sells for over $150K
Labubu toy sells for $150K in Beijing, sets new auction record

BEIJING/SHANGHAI, China: What started as a surprise toy from a blind box has now entered the elite world of high-value collectibles....

U.S. stocks edge higher, Nasdaq Composite gains 47 points
Dow Jones closes 102 points higher despite U.S. dollar slide

NEW YORK, New York - U.S. stocks rose modestly on Thursday while the U.S. dollar sank to its lowest level in 3 years after President...

Amazon plans $20 billion data center expansion in Pennsylvania
Amazon to invest $20 billion in PA cloud and AI infrastructure

HARRISBURG, Pennsylvania: Amazon is making a significant play in Pennsylvania, announcing plans to pour at least US$20 billion into...

New York

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Layoffs hit Paramount Global as viewers shift to streaming
Paramount Global cuts 3.5% of US staff amid cable TV decline

NEW YORK CITY, New York: Paramount Global is cutting 3.5 percent of its U.S. staff as part of another round of layoffs. The company...

Amazon plans $20 billion data center expansion in Pennsylvania
Amazon to invest $20 billion in PA cloud and AI infrastructure

HARRISBURG, Pennsylvania: Amazon is making a significant play in Pennsylvania, announcing plans to pour at least US$20 billion into...

Oil prices flat amid trade talks and rising OPEC+ output
Oil holds steady as US-China talks, demand signals in focus

NEW YORK CITY, New York: Oil prices remained steady on June 9 as investors looked ahead to the outcome of the U.S.-China trade talks...

Inside the viral world of Walmart’s high-paid cake artists
Walmart's cake decorators now earn the highest hourly store pay

NEW YORK CITY, New York: At a Walmart Supercenter in New Jersey, buttercream borders and edible-ink cartoons aren't just about sweet...

Kering eyes partial sale of Fifth Ave building to cut debt
Kering in talks to sell stake in $1 billion Fifth Avenue property

NEW YORK CITY, New York: Luxury group Kering is in exclusive discussions to sell a stake in its prime New York real estate asset on...

U.S.-NEW YORK-STOCKS-TUMBLE
U.S.-NEW YORK-STOCKS-TUMBLE

(250613) -- NEW YORK, June 13, 2025 (Xinhua) -- A trader is seen on the floor of the New York Stock Exchange in New York City, the...