Business

BP Reports Highest Quarterly Profits in 18 Years Amid Middle East Conflict

British energy giant BP has reported its highest quarterly profits in 18 years, driven by rising oil and gas prices amidst conflict in the Middle East. The company's underlying replacement cost profit soared to $8.46 billion in the latest quarter, significantly surpassing the $2.2 billion reported in the same period last year and exceeding analysts' expectations of $7.3 billion. The surge in profits was largely...

Tesla Beats Q3 Earnings, Musk Discusses Potential SpaceX Merger

Tesla has surpassed Wall Street expectations with its third-quarter earnings report for 2026, as the company revealed revenue of $28.05 billion and earnings of $0.48 per share. Analysts had anticipated slightly lower figures, forecasting revenue at $27.9 billion and earnings at $0.43 per share. Despite the positive results, revenue showed a minor decrease from the $28.23 billion reported in the previous quarter, while automotive...

Breaking: South Africa Gains Trade Relief as AGOA Extended by Trump

South Africa has secured continued preferential access to the U.S. market as President Donald Trump signed into law the extension of the African Growth...

U.S. and South Korea Plan Major Semiconductor Investment Talks

South Korea and the United States are in talks to boost semiconductor investments within U.S. borders, as part of wider bilateral negotiations. These discussions...

Canada’s Trade Strategy with US and Global Partners Set for Overhaul

In a notable shift in foreign policy, Canadian Prime Minister Mark Carney has outlined a new direction for Canada's relationship with the United States...

Federal Deficit Expected to Hit $2.1 Trillion by 2026

The U.S. federal budget deficit is projected to escalate to approximately $2.1 trillion by the fiscal year 2026 as government expenditures continue to outpace...

Court Ruling Forces US to Refund $100 Billion Trump-Era Tariffs

The U.S. government has issued refunds totaling approximately $100 billion for tariffs that were initially collected under the trade measures of former President Donald...

Fed Maintains Rates, US Borrowing Costs Surge Amid Fresh Iran Tensions

The cost of borrowing for the U.S. government has surged to its highest point since 2007, following the Federal Reserve's decision to maintain its...

SpaceX Stock Dips Below IPO Price Following Initial Surge’s Decline

SpaceX shares dipped below their initial public offering (IPO) price for the first time, closing at $134 on Wednesday, a slight drop from the...

Breaking: Energy Price Drop Drives June US Inflation Down to 3.5%

Inflation in the United States experienced a slowdown in June, dropping to an annual rate of 3.5%, largely due to a temporary decrease in...

Breaking: Crypto Ventures Bring Trump Over $1 Billion in 2025 Earnings

In 2025, President Donald Trump's financial disclosure revealed over $1 billion in earnings from his ventures in the cryptocurrency sector, showcasing a significant rise...

Trump Threatens EU with Full Tariffs Amid Digital Tax Conflict

President Donald Trump has issued a stark warning to European nations contemplating the implementation of digital services taxes. He has threatened to levy a...

China Plans to Boost US Soybean Purchases in 2025-26.

The United States is set to export approximately 25 million metric tons of soybeans to China during the 2025-26 marketing year, up from 22.6...

Trump Allocates $700M for Coal Industry Growth Using Defense Production Act

In a move to bolster the coal industry, US President Donald Trump has unveiled a $700 million federal plan, utilizing the Defense Production Act,...