Rep. Summer Lee, D-Pa., attends the House Oversight and Accountability Committee hearing titled "Overdue Oversight of the Capital City: Part II," in Rayburn Building on Tuesday, May 16, 2023. Tom Williams/CQ-Roll Call, Inc via Getty Images Demo...
Chinese developer Country Garden missed bond coupon payments on Monday, igniting concerns about its liquidity. Aly Song/Reuters Property giant Country Garden has had a bad week. It missed interest payments and issued a profit warning. The warni...
The Hollywood Sign. (Photo by In Pictures Ltd./Corbis via Getty Images) Hollywood seems to be boosting the US economy, but its home state of California is being left out. The "Barbenheimer" craze has lit up the box office and driven consumer sp...
A Dry Combat Submersible leaves Lockheed's facility in Palm Beach, Florida for open-water sea trials, which were completed in March 2023. Lockheed Martin US Special Operations Command and Lockheed Martin are working on a new combat mini-sub. Th...
US Tourists are flocking to European destinations like Rome this summer. Matteo Nardone/Pacific Press/LightRocket via Getty Images International travel demand is outpacing domestic demand as Americans flock to Europe in 2023. This is keeping do...
Asia's once-richest woman lost 84% of her wealth — more than any billionaire since the COVID-19 pandemic — as China's property sector teeters on yet another crisis. Wealth-X; Country Garden Danga Bay/Facebook; Shayanne Gal/Business Insider Yang...
The Norwegian Viva will embark on its maiden sailing on August 10. Norwegian Cruise Line The 3,220-guest Norwegian Viva has joined Norwegian Cruise Line's fleet ahead of its August 10 maiden sailing. The Viva is Norwegian Prima's sister ship, w...
The freight recession is here as trucking sees a slowdown across the economy. Joe Raedle / Getty Images July data from Motive showed a contraction for US carriers and a 15% year-over-year decline in retail demand. Unemployment for truck drivers...
Hogs are raised at Old Elm Farms, a fifth generation family farm, on May 5, 2020 near Sycamore, Illinois. (Photo by Scott Olson/Getty Images China's economic woes continue to mount, as CPI figures released Wednesday showing 0.3% deflation. Por...
Getty Images Americans held over $1 trillion in credit card debt in the second quarter of 2023, a new record. That's according to the latest report from the Federal Reserve Bank of New York. More debt is languishing unpaid for months, as Ameri...
Facebook CEO Mark Zuckerberg and Priscilla Chan. AP Photo/Jeff Chiu Meta CEO Mark Zuckerberg has been married to his wife, Priscilla Chan, since 2012. The couple met during college and have three daughters. They've also founded the Chan Zuckerb...
Florida Governor Ron DeSantis speaks at a press conference to announce the opening of a monoclonal antibody treatment site for COVID-19 patients at Lakes Church in Lakeland, Florida on August 21, 2021. Paul Hennessy/SOPA Images/LightRocket via Get...
US Government debt is predicted to rise to $50 trillion by 2033. Elizabeth Fernandez/Getty Images Fitch downgraded US credit for only the second time in the country's history last week. US government debt is forecast to reach $50 trillion by 2...
Shutterstock.com China's exports tumbled in July, further denting hopes of a post-pandemic economic rebound. The country's outbound shipments slid at their steepest pace since February 2020, per The Wall Street Journal. Heightened geopolitical...
Spencer Platt/Getty Images The stock market has defied expectations this year – with the S&P 500 up 18% year-to-date. Hedge funds have been caught off-guard by the market's rally, losing over $175 million this year, per S3. June and July mar...
