Category: Business

The MSCI global stock index notched its biggest first-half of a year percentage drop on record on Thursday, while the U.S. benchmark S&P 500 had its steepest percentage drop for the first six months since 1970. Behind the slides have been concerns over the Ukraine-Russia war, soaring inflation, higher interest rates and, more recently, a […]

Bitcoin dropped 6.1% to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9% from the year’s high of $48,234 on March 28. Several big players in the cryptocurrency markets have had difficulties, and further declines could force other crypto investors to sell holdings […]

New U.S. data for May showed little immediate relief from the record pace of inflation pushing the Federal Reserve toward another oversized interest rate increase next month, but it did add to a developing sense that the worst may be over. Inflation as measured by the personal consumption expenditures price index was 6.3% on an […]

U.S. consumer spending rose less than expected in May as motor vehicles remained scarce while higher prices forced cutbacks on purchases of other goods, another sign that the rebound in economic growth early in the second quarter was losing steam. Though the report from the Commerce Department on Thursday suggested inflation had probably peaked, price […]

U.S. health regulators on Tuesday classified the recall of some backup batteries of GE Healthcare’s ventilators, which the company had initiated in mid-April, as the most serious type, saying that their use could lead to injuries or death. The CARESCAPE R860 ventilator’s backup batteries, including replacement backup batteries, were recalled as they were running out […]

Turkey’s RTUK media watchdog has blocked access to U.S.-based Voice of America and German broadcaster Deutsche Welle for not applying for the licenses it requests, a member of the watchdog said on Thursday. In February, Deutsche Welle and Voice of America (VOA) said they would not apply for licences in Turkey as requested by RTUK […]

Shares of Air Canada (AC.TO) closed down 6% on Thursday after the carrier trimmed its domestic flight schedule this summer, as North American airlines wrestle with labor shortages, delays and cancellations as travel rebounds. Canada’s largest carrier said late on Wednesday it would cut its schedule to reduce passenger flows to manageable levels, while Delta […]