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business news

Airport expansion race in Asia heats up with Singapore’s Changi T5

by Leila Aboulela

Asia is set to see a travel boom, and countries in the region are gearing up to exploit this surge in demand. Singapore’s Changi Airport on Wednesday broke ground on …

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Hertz shares plummet after weak Q1, $250 million stock offering

by Adam Aitken

DETROIT — Shares of Hertz Global plummeted Tuesday morning after the embattled rental car company reported disappointing first-quarter earnings and a $250 million stock offering. Hertz shares were off more …

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Newark Mayor Ras Baraka arrested for trespass at ICE NJ center

by Betti Alver

Mayor Ras Baraka of Newark speaks to the press near ICE agents at a demonstration outside an immigrant detention centre in Elizabeth, New Jersey May 7, 2025. Timothy A. Clary …

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Shares in Chinese chipmaker SMIC drop nearly 7% after earnings miss

by Claribel Alegria

A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. Vcg | Visual China Group | Getty …

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Fed Chair Powell won’t be fired but should cut interest rates

by Peter Abrahams

U.S. President Donald Trump speaks at the White House in Washington, D.C., U.S., April 22, 2025. Kevin Lamarque | Reuters President Donald Trump on Tuesday said he has “no intention” …

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United Airlines (UAL) Q1 2025 earnings

by Leila Aboulela

A United Airlines Boeing 767 passenger aircraft approaches Newark Liberty International Airport as trucks travel near the Port Jersey Container Terminal in Jersey City, New Jersey, on April 8, 2025. …

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Britain’s Jaguar Land Rover suspends U.S. shipments

by Francesco Algarotti

Vehicles outside a Land Rover dealership in Tucson, Arizona, US, on Tuesday, April 1, 2025. Bloomberg | Bloomberg | Getty Images British carmaker Jaguar Land Rover said it will pause …

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Elon Musk says SEC sent ‘settlement demand’ after Twitter deal probe

by Claribel Alegria

SEC Chair Gary Gensler participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury in Washington, D.C., July 28, 2023. Kevin Dietsch | etty Images The …

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Ozempic drives up health-care costs, whether you can get it or not

by James Agee

About 165 million Americans rely on employer-sponsored health insurance, and yet workers may still not get the coverage they want — particularly when it comes to drugs such as Novo Nordisk’s …

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Moderna moves three vaccines into final stage trials

by Adam Aitken

Nikos Pekiaridis | Lightrocket | Getty Images Moderna has more to offer beyond its Covid vaccine. The biotech company Wednesday announced positive clinical trial data on three experimental vaccines against …

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