Economy

Economy
Economy

Japan exports beat estimates in July as robust chip shipments power fifth straight month of gains

Japan’s export market surged beyond analyst expectations in July, marking the fifth consecutive month of growth and achieving its fastest pace since October 2022. Driven largely by the global appetite for artificial intelligence technology, shipments of semiconductor equipment saw a staggering value increase of nearly fifty percent. This momentum pushed overall export growth to twenty

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Economy

US national debt hits $40 trillion, rising by $90K per second

The United States national debt has officially reached a staggering milestone, crossing the 40 trillion dollar mark this week. While the total sum is difficult for most people to conceptualize, the speed at which the deficit is growing provides a more visceral sense of the scale. According to recent data from the U.S. Congress Joint

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Economy

Whistleblower Arturo Béjar leads testimony in landmark trial against Meta

Arturo Bejar stepped out of the Ronald V. Dellums Federal Building and United States Courthouse this week after delivering scorching testimony in a landmark trial against Meta. A former engineer who spent years working on safety issues within the company, Bejar has become a central figure for a coalition of states, including California and New

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Economy

Zuckerberg lied about concern for child safety, Meta whistleblower testifies at landmark trial

A bombshell testimony from a former Meta safety engineer has cast a harsh light on the company’s internal approach to youth protection, suggesting that Mark Zuckerberg knowingly misled the public about his commitment to child safety. Arturo Béjar, who spent eight years at the tech giant across two different tenures, told a federal court this

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Economy

Fed officials saw need for rate hike if inflation doesn’t cool, minutes show

Federal Reserve officials signaled a readiness to pull the trigger on interest rate hikes if inflation fails to trend downward, according to detailed minutes from their late July meeting released Wednesday. While the majority of the Federal Open Market Committee opted to keep the federal funds rate steady between 3.5 percent and 3.75 percent, several

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Economy

mRNA cancer vaccine succeeded in Phase 3 melanoma trial, Moderna and Merck say

Moderna and Merck have announced a major breakthrough in oncology after their experimental mRNA cancer vaccine successfully completed a Phase 3 trial for patients with melanoma. Using the same technological foundation as the COVID 19 shots, the treatment works by delivering specific genetic codes to healthy cells, instructing them to produce protein fragments that mimic

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Economy

Target receives $1bn boost from Trump tariff refunds

Retail giant Target has seen a massive surge in its recent earnings after receiving nearly one billion dollars in tariff refunds from the United States government. According to company filings, the pre-tax reimbursement totaled 994 million dollars, effectively doubling the retailer’s second quarter operating income to 2.6 billion dollars compared to 1.3 billion dollars during

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Economy

Merck and Moderna say cancer vaccine shows promise in preventing recurrence of melanoma

Pharmaceutical giants Merck and Moderna announced on Wednesday that an experimental vaccine treatment is showing significant promise in preventing the return or spread of melanoma in high-risk patients. The therapy, known as Intismeran, utilizes messenger RNA technology to create a personalized approach to treatment, training the patient’s own immune system to recognize and destroy cancer

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Economy

Target’s comeback quarter: New merchandise, more shoppers and a $994M tariff refund

Target is signaling a strong return to form after a difficult stretch, reporting its second consecutive quarter of comparable sales gains. Under the leadership of CEO Michael Fiddelke, who took the helm in February, the retailer is executing a massive merchandising overhaul designed to win back shoppers. The strategy focuses on reclaiming Target’s status as

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Economy

Lowe’s gives muted outlook as it sees ‘pressure’ in home improvement spending

Lowe’s is feeling the pinch as homeowners pull back on major renovations, leading the retail giant to issue a cautious outlook for the remainder of the year. In its latest financial report released Wednesday, the company acknowledged growing pressure on project spending, prompting executives to tighten their annual projections. While they didn’t slash their overall

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