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Business

56 articles

US dollar banknotes arranged in a stack, illustrating the greenback's weekly decline amid global central bank hawkish pivot

Dollar Posts Largest Weekly Drop Since January as Oil Shock Pushes Global Central Banks Toward Rate Hikes

The US dollar recorded its steepest weekly decline since late January on Friday as surging energy prices from the Iran war prompted central banks across Europe, Asia and Australia to signal tighter monetary policy.

CT Editorial Board·Mar 22·3 min read

California Attorney General Rob Bonta, who is leading the multistate lawsuit to block the Nexstar-Tegna merger

Eight States File Emergency Motion to Block Nexstar's $6.2 Billion Acquisition of Tegna

A coalition of eight Democratic-led states filed an emergency motion on Friday seeking a temporary restraining order against the Nexstar-Tegna merger, one day after the deal closed with FCC and DOJ approval.

CT Editorial Board·Mar 22·3 min read

A FedEx delivery truck on the road, representing the logistics giant's strong fiscal third-quarter performance

FedEx Beats Wall Street Estimates Across the Board, Raises Full-Year Outlook on Strong Holiday Quarter

FedEx reported fiscal Q3 revenue of $24 billion and adjusted EPS of $5.25 on Thursday, topping analyst expectations, and lifted its full-year guidance to reflect accelerating cost savings and volume gains.

CT Editorial Board·Mar 21·3 min read

Federal Communications Commission headquarters in Washington, D.C., where regulators approved the Nexstar-Tegna merger

Nexstar Closes $6.2 Billion Tegna Takeover as Eight States and DirecTV Race to Court to Block It

Nexstar declared its acquisition of Tegna complete hours after FCC and DOJ approval, but eight state attorneys general filed an emergency restraining order and DirecTV launched its own antitrust suit to unwind the deal.

CT Editorial Board·Mar 21·3 min read

Federal Reserve Vice Chair for Supervision Michelle Bowman testifies before the Senate Banking Committee in Washington, D.C., February 2026

Federal Reserve Proposes Sweeping Cuts to Bank Capital Requirements in Post-Crisis Overhaul

CT Editorial Board·Mar 20·3 min read

US Defense Secretary Pete Hegseth provides updates on military operations in Iran during a press briefing at the Pentagon in Arlington, Virginia, on March 19, 2026

Pentagon Seeks $200 Billion From Congress to Fund Iran War as Lawmakers Brace for Bruising Budget Fight

CT Editorial Board·Mar 20·3 min read

US Treasury Secretary Scott Bessent speaks to the media after meetings with a Chinese delegation in Paris, France, March 2026

Trump Administration Weighs Lifting Sanctions on 140 Million Barrels of Iranian Oil Stranded at Sea

CT Editorial Board·Mar 20·3 min read

Rivian R2 SUV equipped with autonomy hardware, the vehicle Uber plans to deploy as a robotaxi starting in 2028

Uber to Invest Up to $1.25 Billion in Rivian as Part of 50,000-Vehicle Robotaxi Partnership

CT Editorial Board·Mar 20·3 min read

Elon Musk arrives at the U.S. District Court in San Francisco for the Twitter shareholder trial, March 2026

Jury Deliberates Whether Elon Musk Defrauded Twitter Shareholders in $44 Billion Takeover

CT Editorial Board·Mar 19·3 min read

David Zaslav, CEO of Warner Bros Discovery, at the 98th Annual Academy Awards ceremony at the Dolby Theatre in Hollywood, California on March 15, 2026

Warner Bros Discovery CEO David Zaslav Set to Receive Over $700 Million From Paramount Skydance Acquisition

CT Editorial Board·Mar 19·3 min read

Qualcomm corporate sign outside the company headquarters campus in San Diego, California

Qualcomm Announces $20 Billion Share Buyback Program as Memory Chip Shortage Batters Stock Price

CT Editorial Board·Mar 18·3 min read

Traders work on the floor of the New York Stock Exchange on Wednesday as stocks fell following the Federal Reserve rate decision and hotter-than-expected inflation data

Fed Holds Rates at 3.5% as Oil Tops $104 and Wholesale Inflation Surges, Sending Stocks Lower

CT Editorial Board·Mar 18·3 min read

A Tesla Model 3 sedan on display at the China International Fair for Trade in Services in Beijing

Tesla Sales Surge 91 Percent in China as BYD Pivots to Overseas Markets Amid Domestic Slump

CT Editorial Board·Mar 17·3 min read

Mastercard credit card placed on a computer keyboard, illustrating the payments giant's push into digital currency infrastructure with the $1.8 billion BVNK acquisition

Mastercard to Acquire Stablecoin Startup BVNK for Up to $1.8 Billion in Largest Crypto-Infrastructure Deal

CT Editorial Board·Mar 17·3 min read

Starbucks employees chant while picketing outside a New York City store in 2025, holding signs reading No Contract No Starbucks and Red Cup Rebellion

Starbucks Investors Push to Remove Two Board Members Over Stalled Union Negotiations

CT Editorial Board·Mar 17·3 min read

Elon Musk arriving at the U.S. District Court for the Northern District of California in San Francisco for the Twitter shareholder trial, March 2026

Closing Arguments Begin in Twitter Shareholder Trial Over Musk's Alleged Stock Manipulation

CT Editorial Board·Mar 17·3 min read

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