Business

A collection of 1072 posts

Business

UK unemployment at 5.1% could rise further as firms face closing pressures

Independent.co reports UK unemployment reached 5.1 per cent in the three months to October — the highest level since the Covid period at the end of last year — and experts have warned it could surge further in 2026 as cost pressures force firms to close. Years of higher interest

Business

China’s oil-for-loans relationship with Venezuela faces uncertainty after Maduro ouster

China’s long-standing oil-for-loans arrangement with Venezuela is at a turning point after the ouster of Venezuela’s leader, Nicolás Maduro, raising questions about the fate of billions Beijing lent to Caracas. The partnership began in the early 2000s, when China sought energy and Venezuela under Hugo Chávez sought new

Business

Oil dips after US capture of Venezuela's president and $2bn investment plan

The price of oil fell as investors digested the impact of the US capture of the Venezuelan president, Nicolás Maduro, and news that a former Chevron executive is seeking to raise $2bn to invest in the country's oil sector. Brent crude dropped 0.7% to $60.33 a

Business

Loyalty programs sell members-only experiences redeemable with miles and points

Airlines, banks and hotels are transforming loyalty programs by letting members spend miles and credit‑card points on members‑only experiences such as backstage Broadway tours, exclusive dinners and V.I.P. access to festivals and sporting events. Programs now offer World Cup tickets with American Airlines miles, Broadway backstage

Business

Amazon home and kitchen deals under $20 include milk frothers and smart plugs

Amazon is offering steep discounts on home products right now, with all picks under $20, People reports. The roundup highlights items such as the Bonsenkitchen handheld milk frother for $8 (orig. $10), an Olanly bath mat for $10 (orig. $15) described as plush with a 1‑inch pile and machine

Business

SpaceX valued at about $800 billion as it arranges insider share buy before possible IPO

SpaceX told employees in a letter that it would buy insider shares in a deal that values the company at around $800 billion and that it is preparing for a potential initial public offering next year, the letter said. In the letter, obtained by The New York Times, SpaceX chief

Business

Trump’s push to bring U.S. oil firms back to Venezuela faces long, costly recovery

President Trump has urged U.S. oil companies to return to Venezuela after the ouster of President Nicolás Maduro, but industry and political obstacles mean a revival of the country’s oil sector will not be quick or inexpensive. Analysts and former executives say a handful of Western producers could

Business

Chevron and partners complete $48 billion expansion at Tengiz oil field

Chevron and its partners have finished a roughly $48 billion expansion of the Tengiz oil field in western Kazakhstan, raising the field’s capacity to about one million barrels a day, Tengizchevroil said. Tengiz has produced oil for more than three decades. According to TCO, the field holds about 25

Business

Analysts say global economy faces deeper uncertainty amid trade reordering

The global economy faces deeper uncertainty as a reordering of trade rules combines with rapid technological, demographic and climate change, a New York Times analysis by Patricia Cohen said. Transformational forces rattling the world economy include a revolution in artificial intelligence, rapidly aging populations, climate change and “a worldwide turn

Business

Retirement in 2026: rising savings but health costs and poverty strain older Americans

As 2026 begins, retirement savings have reached unprecedented levels even as rising health care costs and growing poverty make retirement unaffordable for many, the New York Times report said. America is aging fast: by 2030 one in five Americans will be 65 or older, and by 2034 older adults are

Business

Buyer Pays $4,500 for Entire Inventory of Cordele Vintage Shop

Vicky Szuflita bought the entire contents of Rags to Riches, a closed vintage store in Cordele, Ga., paying $4,500 and moved thousands of garments into a spare house on her property. The shop had been closed with a sign reading “Everything Must Go,” and its clothing sat in the

Business

Phoenix Tailings begins producing rare-earth metal in New Hampshire

Phoenix Tailings, a Boston-area start-up, has begun producing rare-earth metal at a metal-making plant in Exeter, N.H., where two furnaces turn powder into rough ingots that the company says could be used in electric vehicle motors or military equipment. The company’s operation, about two months old and housed

Business

Startup Neros, founded by former teen drone racers, selected to supply Army drones

Neros, a company founded in 2023 by former teenage drone racers Soren Monroe-Anderson and Olaf Hichwa, has been selected to supply its Archer drones to the U.S. Army, according to documents reviewed by The New York Times. The company is based in El Segundo, Calif. Neros is one of

Febspot

Febspot Payout Report — January 4

Today, January 4, we successfully completed another round of payouts to our users on Febspot.com We sincerely thank every creator and partner for your video views and for driving traffic from your own promoted sources across the web. Your contribution directly powers the growth of our platform. As part

Business

Tesla deliveries fall 8.6% in 2025 after steep fourth-quarter slide

Tesla published its final production and delivery numbers this morning, reporting that sales fell 8.6 percent in 2025 to 1,636,129 vehicles. Sales were down almost 16 percent in the final three months of the year, meaning the company sold 77,343 fewer electric vehicles than in the

Business

BYD overtakes Tesla as world’s largest electric-car seller

China’s BYD sold more electric cars in 2025 than Tesla, ending Tesla’s run as the world’s biggest seller of electric vehicles after Congress and President Trump eliminated federal tax credits that had encouraged Americans to buy those cars. Tesla said its car sales fell 16 percent in

Business

London designers launch Auzi to make bejeweled, made-to-order hearing-aid cases

Daniela Groza and Declan McLaughlin founded Auzi in August 2024 to design and sell made-to-order, bejeweled cases for hearing aids, a venture the London couple says has helped some users feel differently about wearing the devices. The idea began when Ms. Groza custom designed sterling silver cases studded with cubic

Business

Planet Fitness adds more weight equipment as lifting gains popularity

Planet Fitness is redesigning club layouts to add more strength equipment as weightlifting grows in popularity, CEO Colleen Keating said during a tour at the company’s headquarters in Hampton, N.H. Ms. Keating said the chain is now dedicating “about half the gym floor to strength and about half

Business

Eight Big Business and Economic Questions to Watch in 2026

DealBook’s team lays out eight major questions for 2026 that could shape markets, policy and corporate strategy over the next 12 months. Will A.I. move beyond pilots? An M.I.T. study found organizations had invested $30 billion to $40 billion in A.I. but saw little return,

Business

Federal Student Loan Rules to Tighten in 2026; Struggling Borrowers Advised to Act Now

Millions of federal student loan borrowers who are behind on payments face tighter collection efforts in 2026 as the loan system shifts after years of legal and policy changes. Nearly 10 million borrowers are in default, including about 3.4 million who have not been formally moved into the government’

Business

Trump Says U.S. Oil Firms Will Rebuild Venezuela’s Broken Industry

President Trump said the United States would send major oil companies to Venezuela to repair its oil infrastructure and "start making money for the country," speaking at a news conference confirming the capture of President Nicolás Maduro, who faces federal drugs and weapons charges. Venezuela claims more than

Business

Trump Says U.S. Oil Companies Would Rebuild Venezuela’s Struggling Industry

President Trump said the Venezuelan oil industry would “make a lot of money” if the United States supported its recovery, speaking at a news conference confirming the capture of President Nicolás Maduro, who faces U.S. federal drugs and weapons charges. Mr. Trump said U.S. oil companies would “spend

Business

Sprinkles Cupcakes Shuts After Years of Selling Treats From Vending Machines

Sprinkles Cupcakes, the specialty chain known for its A.T.M.-style cupcake vending machines, has closed, its co-founder Candace Nelson said on social media. Ms. Nelson wrote that the company’s final day was Dec. 31; she sold the California-based business to private equity firm KarpReilly LLC in 2012

Business

Study Says Exemptions, Evasion and Delays Blunted Effect of Trump’s Tariffs

President Trump raised U.S. import taxes to levels not seen in a century, and prices rose while some businesses struggled. But a new working paper from economists at Harvard and the University of Chicago finds the overall impact was smaller than many expected. The researchers calculated that the tariff

Business

Saks Global Chief Steps Down After Missed Loan Payment and Mounting Debt

Marc Metrick has stepped down as chief executive of Saks Global, the company said, after the luxury retailer missed an interest payment and is weighing bankruptcy protection. Richard Baker, the executive chairman who created Saks Global through the 2024 acquisition of Neiman Marcus and Bergdorf Goodman, has assumed the chief