Business & Economy
Stocks soar from ‘Korea discount’ to ‘Korea premium’ under leftist president
His opponents brand him a populist, a hardcore leftist and even a North Korean sympathizer, but liberal South Korean President Lee Jae-myung has launched his country’s stock market into the stratosphere.
Elon Musk protest inflatable appears in Times Square ahead of SpaceX IPO
A giant, shirtless inflatable of SpaceX founder and CEO Elon Musk, laden with anti-Musk messaging, greeted New Yorkers in Times Square ahead of the company’s much-anticipated initial public offering.
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Non-citizen households use welfare at higher rates than U.S.-born, study finds
STUDY: Households headed by non-citizens use means-tested welfare programs at substantially higher rates than households headed by U.S.-born Americans in nearly every state.
Crypto site pays people to tattoo ads on themselves
A Florida man offered about $2,585 in cryptocurrency to a man in Chennai, India, to permanently tattoo a promotional message across his forehead, one of dozens of increasingly extreme tasks posted to a new bounty marketplace on Pump.fun, a platform known for facilitating the creation and trade of speculative digital tokens.
Elisabeth Hasselbeck to guest host ‘CBS Mornings’ next week
Elisabeth Hasselbeck, a former co-host of ABC's "The View" and Fox News' "Fox & Friends," will serve as a guest host on "CBS Mornings" next week.
SpaceX soars 23% in Wall Street debut and makes Elon Musk the first trillionaire
Shares of SpaceX soared 23% in their Wall Street debut on Friday, making the rocket maker's CEO Elon Musk the first-ever trillionaire.
FDA’s e-cigarette authorization: Fruity vapes not significantly better than tobacco ones
Fruit-flavored e-cigarettes recently authorized by the Food and Drug Administration were not significantly better at helping smokers quit than tobacco-flavored e-cigarettes, according to a new memo that's likely to stir more questions about the agency's decision.
Iran war is straining African airlines, industry body warns
The war in Iran is driving up jet fuel prices and worsening supply strains for African airlines, forcing carriers to review routes and raising fresh concerns about the stability of the continent's aviation network.
Iranians endure war fatigue and soaring prices as conflict deepens domestic woes
Iranians are living between confusion and exhaustion as the country and its economy are squeezed between war and multiplying crises at home.
Ford recalls more than 250,000 Focus models because engines can stall unexpectedly
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving.
Patagonia is suing Pattie Gonia, a drag queen performer with an environmental message
Days before the beginning of Pride Month in June, a glamorous drag queen with long, wavy red hair, a matching mustache and carabiner earrings stared into a camera and levied a strong accusation against a famous sustainable outdoors apparel brand: "This is a corporation trying to erase an activist."
Appeals court upholds FTX co-founder Sam Bankman-Fried’s fraud conviction
A federal appeals court has upheld the conviction of cryptocurrency entrepreneur and FTX co-founder Sam Bankman-Fried, finding that the 2023 trial that led to his 25-year prison sentence was not unfair.
Judge extends block on Trump’s Anti-Weaponization Fund
A federal judge indefinitely stopped the Trump administration from creating the $1.776 billion Anti-Weaponization Fund, extending a court-ordered block that was set to expire Friday.
Ahead of G7, Carney softens tone toward Trump with trade talks at stake
Canadian Prime Minister Mark Carney became a symbol of middle power resistance after a celebrated speech earlier this year, but he is expected to be more muted in his criticism of U.S. President Donald Trump at an upcoming summit in Europe.
Taylor Swift becomes the youngest woman inducted into the Songwriters Hall of Fame at age 36
Taylor Swift became the youngest woman ever inducted into the Songwriters Hall of Fame Thursday night at age 36.
Fire at medical equipment warehouse in California prompts evacuations at nearby warehouses
A fire at a medical equipment warehouse in Northern California sent thick black smoke pouring into the sky Thursday and prompted evacuations of other nearby facilities as authorities fought to get the blaze under control.
Senate intelligence chairman seeks federal probe of Chinese AI-related influence operation
China is engaged in a covert influence campaign to prevent the development of U.S. data centers needed for artificial intelligence capabilities, according to the chairman of the Senate Select Committee on Intelligence.
Appeals court says U.S. government can keep collecting 10% tariffs for now
The U.S. government can continue collecting the 10% worldwide tariff it imposed in February while legal challenges to the levies continue to work their way through the courts, a federal court ruled Thursday.
Argentina’s inflation slows to 8-month low in a boost for President Milei
Argentina's inflation slowed for the second straight month in May, economic data released Thursday showed, providing some welcome news for President Javier Milei after almost a year of stubbornly persistent price increases that threatened to undermine the libertarian leader's signature achievement.