Browsing: Business

U.S. home prices climbed to a record high in June 2025, even as overall market activity continued to slow. The median price for an existing home rose to $435,300, surpassing the previous record set one year earlier. Despite this increase,

The National Aeronautics and Space Administration (NASA) confirmed on Saturday that it will reduce its workforce by approximately 20 percent, marking one of the most significant internal restructurings in the agency’s recent history. The move is intended to improve organizational

Global auction sales fell by 6% in the first half of 2025, continuing a three-year downward trend and sparking concerns of a broader structural shift in the art market. According to a mid-year report from ArtTactic, combined auction sales at

Tesla Inc. reported a second consecutive quarterly decline in revenue, falling short of market expectations as it faced weakening sales, rising costs, and shifting regulatory conditions. For the second quarter of calendar year 2025, Tesla generated $22.5 billion in revenue,

U.S. Treasury yields moved slightly higher on Thursday following fresh economic data that suggested continued resilience in the U.S. labor market. The benchmark 10-year Treasury yield edged up more than one basis point to 4.404%, while the yield on the

Alphabet Inc., the parent company of Google, posted stronger-than-expected second-quarter earnings, supported by robust performance in advertising and accelerated growth in its cloud business. The company reported adjusted earnings per share of $2.31 on revenue excluding traffic acquisition costs of

Lynsi Snyder, president and owner of In-N-Out Burger, has confirmed she is relocating from California to Tennessee as part of a broader corporate transition for the family-run fast-food chain. The move aligns with the development of a new office in

U.S. President Donald Trump is scheduled to visit the Federal Reserve on Thursday, marking a rare and highly symbolic move that intensifies his ongoing pressure campaign against Federal Reserve Chair Jerome Powell. The White House confirmed the visit, which will

Bitcoin fell slightly on Wednesday, slipping to $118,466 as investor sentiment remained subdued and the cryptocurrency continued to trade within a narrow range. The decline follows a recent surge to a record high of over $123,000 earlier this month, with

United States President Donald Trump announced on Tuesday a new trade framework with Japan that places a 15 percent tax on goods imported from that country. The announcement was made on the Truth Social platform. President Trump described the agreement