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President Donald Trump's recent executive order establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile has sparked significant interest and debate. This initiative aims to position the...

Offices are full again but restaurants are selling fewer lunches than they did in 2020, the depths of the pandemic

Global stocks are falling, extending Thursday's rout, as President Donald Trump's sweeping reciprocal tariffs raised fears of a deepening trade war and recession.

Airline stocks were among the hardest hit by Donald Trump's tariff announcement. Demand has been waning, but analysts expect airfares to rise.

Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war. The Nasdaq Composite fell 3.69% to 15,940.08 by 09:41 a.m. ET, shedding 20% from its all-time closing high touched in December. If the index closes below that mark, it would confirm a bear market.

The British energy company said Lund is likely to step down sometime next year, as activist investor Elliott Management pushes for changes at the British oil major.

Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni's top executive Francesco Gattei said on Friday. He added that energy groups could react to the possibility of tariffs denting global economic growth, reducing demand for power. The actual increase in OPEC+ production could result lower than announced when taking into account a stricter U.S. embargo on Venezuela and the potential drop in Kazakhstan's oil flows, Gattei added, speaking on the sidelines of a business conference.

XRP has a few things going for it that most other cryptocurrencies don't, starting with its rapid speed and low transaction fees. Perhaps the most important factor driving its long-term viability is that by design it aims to cater to financial institutions rather than investors specifically. Financial institutions are a good class of customers to have because they tend to be relatively stable and conservative with their funds rather than being flighty.

Spain's crude oil imports from Venezuela in January and February rose roughly 59% from a year earlier as a key sanctions deadline set by U.S. President Donald Trump's administration approaches. In the first two months of 2025, Spain imported 449,000 tons of crude from Venezuela, up from 283,000 tons in the same period last year, according to data released on Friday by Cores, an arm of Spain's energy and environment ministry. U.S. authorities announced last week a 25% tariff on goods from countries buying Venezuelan crude and gas and moved to revoke authorisations it had granted to foreign partners of state-run oil company PDVSA to operate and export from the OPEC nation.

NEW YORK (Reuters) -Shares of Yeti Holdings tumbled in December and again in March when President Donald Trump threatened tariffs against China, where the company had some of its biggest factories. Behind the headlines, Yeti, the Austin, Texas-based maker of $300 coolers and $40 travel mugs, was facing another problem. Hedge fund Engaged Capital was pushing management to return cash to shareholders, expand into new geographies, and be more transparent with investors, according to people familiar with the talks.