Recession ahead? By this metric, one's already here: Earnings shrink and Wall St fears worse to come
The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety
2023-06-01 20:19
Macy's slashes expectations for the year after a pullback by shoppers in the spring
Macy’s slashed its annual profit and sales outlook with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation
2023-06-01 19:55
Renewable energy surges, driven by solar boom and high fuel prices, report finds
The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power
2023-06-01 19:22
India pauses plans to add new coal plants for five years, bets on renewables, batteries
The Indian government will not consider any proposals for new coal plants for the next five years and focus on growing its renewables sector, according to an updated national electricity plan released Wednesday evening
2023-06-01 19:16
Know any airplane mechanics? A wave of retirements is leaving some US industries desperate to hire
Across the U.S. economy, a number of industries are facing the same formidable challenge: Replenishing a workforce that is being diminished by a surge of retirements that began during the pandemic and has continued since
2023-06-01 18:58
China criticizes US plan for trade deal with Taiwan
China’s government has criticized the United States' plans to sign a trade treaty with Taiwan, calling on Washington to stop official contact with the self-ruled island democracy claimed by Beijing as part of its territory
2023-06-01 18:26
Europe sees inflation drop to 6.1%, but real relief for consumers will take months
Europe is getting a break on inflation
2023-06-01 17:27
India, Nepal prime ministers meet to deepen ties as China's influence grows in region
Nepal’s prime minister has held talks with his Indian counterpart as India and its rival China bid for influence in the tiny Himalayan nation as part of a greater regional power struggle
2023-06-01 17:17
AI chips are hot. Here's what they are, what they're for and why investors see gold
The hottest thing in technology is an unprepossessing sliver of silicon closely related to the chips that power video game graphics
2023-06-01 13:59
Toyota debuts hydrogen-fueled Corolla race car as auto racing begins shift away from gas guzzlers
A humble Corolla running on liquid hydrogen has made its racing debut, part of a move to bring the futuristic technology into the racing world and to demonstrate Toyota Motor Corp.’s resolve to develop hydrogen vehicles
2023-06-01 13:54
Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding
Sri Lanka’s Central Bank has reduced its interest rates for the first time since the island nation declared bankruptcy last year
2023-06-01 13:45
LGBTQ+ people flock to Florida for Gay Days festival
Central Florida is about to become a hub of LGBTQ+ life
2023-06-01 12:46