The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about establishing a new reserve currency backed by a basket of their respective currencies. A BRICS currency was a topic at the 2024 BRICS Summit that took place October 22 to 24 in…
In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations, Russia’s war in Ukraine and the conflicts in the Middle East. Just as oil demand was rebounding as COVID-19 lockdowns eased worldwide, pushing prices higher, Russia’s aggressive war against Ukraine set…
Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins. Gene-Christian Baca, the owner of Walter’s Hot Dogs in Mamaroneck and White Plains, New York, estimated…
President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into election politics. A national security review by a Treasury Department committee failed to reach a consensus on the deal…
Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced on Monday. Disney will become majority owner of the resulting company — the publicly traded Fubo company — with a 70% ownership stake. Fubo shareholders will own the remaining 30% of the company.…
Vail Resorts shares have dropped in recent weeks as a labor dispute roiled one of America’s most prominent skiing destinations. The Park City Professional Ski Patrol Association, a union representing patrollers at the Utah mountain of the same name, went on strike late last month. The work stoppage has spurred complaints…
More than 60 million people are under winter alerts nationwide, with a powerful weather system expected to bring a potent mix of snow, ice and blizzard conditions, accompanied by winds gusting up to 50 mph. The winter storm, which has already caused snowy and icy conditions in the Central Plains,…
For a while it looked like it would not happen but in the final seconds of Tampa Bay’s 27-19 win over the New Orleans Saints – not only did the Buccaneers clinch playoff berth but NFL history was made. Buccaneers wide receiver Mike Evans extended his streak of 1,000-yards in…
The Golden Globes aired Sunday night and the unofficial kickoff to Hollywood’s award season served glamour, laughs and a few sentimental tears. Globe voters honored TV and films that explored themes of aging, immigration, acceptance and survival, but the tone of the show was largely light and celebratory, in keeping…
Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government. On Friday, Biden said he was blocking the controversial $14.3 billion acquisition, marking a significant use of executive authority in the…