Latest economy news, business developments, financial market updates, investment insights, entrepreneurship trends, and expert economic analysis from the Arab World and around the world. Stay informed about the economic issues shaping businesses, industries, markets, and public policy.
FILE PHOTO: FBI Director James Comey testifies before the House Intelligence Committee hearing into alleged Russian meddling in the 2016 U.S. election, on Capitol Hill in Washington, U.S., March 20, 2017. Joshua Roberts | Reuters Former FBI Director James Comey was charged Tuesday with threatening President Donald Trump’s life when he posted an image of…
Starbucks on Tuesday raised its full-year outlook for comparable earnings and same-store sales growth after reporting its second straight quarter of traffic growth. “This quarter marked a milestone for Starbucks – and the turn in our turnaround,” CEO Brian Niccol said in a video posted alongside the company’s fiscal second-quarter results. For fiscal 2026, Starbucks…
New York City’s first full-scale casino with live table games opened to gamblers Tuesday, more than a decade after voters approved an expansion of gambling in the state. Resorts World, owned by Malaysia-based company Genting, beat out gaming giants such as Wynn Resorts, Las Vegas Sands, Caesars Entertainment and MGM Resorts to land one of…
The Trump administration on Tuesday ratcheted up economic pressure on Iran, warning financial institutions not to allow independent Chinese refineries to buy Iranian oil and cracking down on Iran’s “shadow” banking sector. The measures were the latest actions taken as part of the Treasury Department’s “Operation Economic Fury,” which aims to cripple Iran’s economy and…
The acting US ambassador to Ukraine will depart Kyiv in the coming weeks, according to people familiar with the matter, leaving a crucial diplomatic post vacant while Russia prepares for a summer offensive and peace talks stall. Julie Davis, who has served as temporary chargé d’affaires at the US embassy in Kyiv since May last…
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Mackenzie McDonald knows that, compared with most men his age, he is financially well off. A California-born professional tennis player, McDonald, 31, has earned more than $7 million in prize money in his 10 years on the ATP Tour. In October 2023, he was ranked a career-high No. 37 in the world, but injuries and…
European airlines will fail if the price of jet fuel remains elevated over the summer, the CEO of budget airline Ryanair warned. Speaking to CNBC on Thursday, CEO Michael O’Leary said that his airline was protected because it had hedged 80% of its fuel but predicted “real failures” for other airlines if the price of…
A UPS driver sits in his truck on April 15, 2026 in the Flatbush neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty Images United Parcel Service on Tuesday posted first-quarter earnings results that beat on the top and bottom lines. Shares of the delivery giant sank roughly 5% in…
Investing.com – BofA Securities raised its price target on Erasca Inc (NASDAQ:ERAS) to $9.00 from $2.00 while maintaining an Underperform rating on the stock. The stock currently trades at $19.15, well above BofA’s new target, and InvestingPro analysis suggests the shares are overvalued relative to Fair Value estimates. Despite this, the stock has delivered a…
