Business

Outgoing BOK Dove Shin Sung-hwan Shifts to Hawkish Alarm on Oil-Driven Inflation
SEOUL — Shin Sung-hwan spent years on the Bank of Korea's monetary policy board arguing for lower interest rates. On his way out, he delivered a stark warning. Control inflat...
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Powell’s Nine Words Signal the End of Rate Cuts as Inflation Pressures Mount
Jerome Powell steps down as Federal Reserve chair on Friday. His final weeks have delivered a pointed message to markets and his successor. At the April 29 FOMC meeting, the...
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25-Year-Old Founder Wins Rare Full OCC Bank Charter for AI-Native Stablecoin Clearing Operation
Ferdinand Dabitz holds up a $100 bill. "This is the best product in the history of the world but distribution is broken." The 25-year-old speaks with the conviction of someon...
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Gold Prices Drop Over 1% to $2,640 as Trump Rejects Iran Strike Plan
Gold prices dropped sharply on Monday after reports emerged that President Donald Trump had rejected an Israeli proposal to strike Iranian nuclear facilities. The yellow metal,...
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Porsche Axes 500 Jobs and Shuts Subsidiaries in Brutal Return to Sports-Car Roots
Porsche is pulling back. The German sports-car maker will close three subsidiaries and eliminate more than 500 positions as it narrows its attention to high-margin vehicles....
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Markets on a Knife-Edge: Why the Closed Strait of Hormuz Still Threatens Global Stability
Oil prices hover near $104 a barrel. Stocks set fresh records one day. They pause the next. This pattern has defined trading for weeks. The reason traces back to a narrow wat...
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Gmail’s Gemini Now Writes Emails That Mirror Your Voice
Google just sharpened its AI writing tools inside Gmail. The latest update to "Help me write" lets Gemini study a user's past messages. It then generates drafts that capture...
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Google Shifts SMS Costs to Users in Bid to Curb Account Abuse
Google has altered its account creation process in a way that forces some new users to send a text message from their own phones rather than simply receive one. The change, w...
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McCarthy Financial Acquires Kentucky Wealth Firm with $450M AUM
McCarthy Financial Group has acquired a Kentucky-based wealth management firm in a move that expands its regional presence and client base across the southeastern United States....
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America’s $3 Billion Daily Interest Tab: How $39 Trillion in Debt Reshapes Federal Priorities
The U.S. Treasury now shells out nearly $3 billion every single day just to service the national debt. That figure comes straight from fresh Congressional Budget Office data....
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Gary Stevenson’s Stark Warning: Your Children Will Be Poorer Than You
Gary Stevenson grew up poor in Ilford, east London. He saw Canary Wharf’s towers from his bedroom window. Those distant skyscrapers symbolized a world he wanted to conquer. H...
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Microsoft’s AI Research Exposes the Organizational Barriers to Real ROI
Finance chiefs scanning earnings calls and strategy decks hear the same refrain. AI spending climbs into the tens of billions while headcount shrinks and questions about payb...
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Box Hires AI Business Automation Engineer at $183,000 to Wire Agents Into Core Operations
Aaron Levie wants agents running Box's finance close. He wants them handling legal intake. And he wants engineers who can make that happen without breaking compliance or secu...
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Starmer Clings On as UK Gilts Swing on Local Election rout and Leadership Doubts
UK government bonds dropped Monday as fresh pressure mounted on Prime Minister Keir Starmer. Yields on 30-year gilts jumped nearly 10 basis points to 5.68%. The pound slipped...
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Australia’s Budget Tightrope: Restraint Meets Reform Amid War-Driven Inflation
Treasurer Jim Chalmers insists the federal budget due Tuesday will save more than it spends. He calls it responsible. He also calls it ambitious. The tension between those tw...
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