Social media platform X announced on Saturday that it is shutting down its operations in Brazil "effective immediately," citing "censorship orders" issued by Brazilian judge Alexandre de Moraes. The company, owned by billionaire Elon Musk, claims that Moraes secretly threatened one of its legal...

China's bond market, long buoyed by a rally driven by economic uncertainties, is now facing significant turbulence as government interventions intensify. The once-unstoppable surge in bond prices has stalled, with prices declining and trading activity dropping sharply. This shift comes as Beijing...

Balmuccino, a Los Angeles-based company, has filed its third lawsuit against Starbucks, accusing the coffee giant of misappropriating its idea for coffee-flavored lipstick and lip gloss. This legal action was initiated on Friday in Manhattan federal court, marking the latest development in a...

Warner Bros Discovery is facing increasing financial challenges as S&P lowered its outlook on the company from "stable" to "negative." The downgrade comes as the media giant grapples with a significant decline in its cable TV business, which has been struggling due to a reduction in advertising...

UBS Group AG, a top player in wealth management worldwide, reported a second-quarter net profit that was double what analysts had predicted. The indicator reached $1.14 billion, exceeding the bank's forecast of $528 million as per experts' consensus. One year prior, UBS achieved a historic net...

Retailers are ramping up imports to the United States this summer, driven by concerns over potential port strikes and ongoing disruptions from attacks in the Red Sea. This proactive approach aims to ensure a smooth holiday shopping season despite a shorter peak period and ongoing uncertainties....

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against the cryptocurrency company NovaTech and its co-founders, Cynthia and Eddy Petion, accusing them of defrauding over 200,000 investors worldwide, including a significant number of Haitian-Americans. The SEC alleges that...

When Elon Musk endorsed Donald Trump for president last month, it highlighted a complex intersection of business strategy and political affiliation. As the Tesla CEO supports a candidate who opposes key policies that have fueled Tesla’s rise—such as the electric vehicle (EV) mandate and government...

South Korean Samsung Electronics is recalling 1.12 million electric stoves in the United States due to 250 fire incidents that resulted in injuries to many people and deaths of pets. The U.S. Consumer Product Safety Commission stated that the campaign impacts 30 electric stove models made from 2013...