Genesis is going big. The luxury carmaker has officially unveiled the new GV90, its first full-size SUV with three rows of seats and the largest model in the brand’s range. Based on the Neolun concept that debuted in 2024, the GV90 puts much of that concept’s spectacular design and lounge-like interior into production. The GV90 … Read more
photo | Future publications | Getty Images SK Hynix shares rose more than 12% in Seoul on Thursday after the company announced a massive share buyback. The company said it is accelerating its 40 trillion won ($28.7 billion) share buyback and write-off program as it seeks an expansion of shareholder returns to more than 50% … Read more
WASHINGTON (7News) — The U.S. national debt surpassed a record $40 trillion this week, a figure that economists and lawmakers expect to continue rising. Data from the Joint Economic Committee of the US Congress reveals that debt grew at a staggering rate of $90,000 per second over the past year. 19-year-old illegal immigrant arrested after … Read more
Treasury Secretary Scott Bessent acted Wednesday to prevent a potentially destabilizing rise in the government’s borrowing costs, doubling the size of a planned public debt buyback to $4 billion. The move caused the yield on the 30-year Treasury bond, which influences lending rates to businesses and consumers, to fall a day after reaching its highest … Read more
President Donald Trump spoke Wednesday at a White House meeting of top financial and cryptocurrency industry executives ahead of the Commodity Future Trading Commission’s Innovation Advisory Committee meeting on Thursday. The Clarity Act will finally get its vote in the Senate in September, Sen. Cynthia Lummis confirmed Tuesday. But regulators are getting the upper hand … Read more
Federal Reserve officials indicated at their last meeting that they would need to raise interest rates soon unless there was more progress in reducing inflation, minutes released Wednesday showed. “Many participants assessed that tightening policy would probably be necessary if inflation did not decline,” said the summary of the meeting, held on July 28 and … Read more
Pharmaceutical giants Moderna and Merck said Wednesday that an experimental vaccine treatment has shown signs of preventing the cancer from coming back or spreading in a study of high-risk melanoma patients. The companies did not publish their results in a peer-reviewed journal or release the new data, but instead said they will be presented at … Read more
Traders work on the floor of the New York Stock Exchange. NYSE The Dow Jones Industrial Average rose on Wednesday as Treasury yields fell after the Treasury Department announced a larger buyback of longer-term debt. The Dow Jones, made up of 30 stocks, added 263 points, or 0.5%. The S&P 500 rose 0.3%, while the … Read more
After cutting prices and overhauling its merchandise department, retailer Target (TGT) did its part for the second quarter in a row to signal that its worst days in 2024 and 2025 are in the rearview mirror. The retailer delivered another strong result compared to estimates. Sales increased across all merchandise departments, led by beauty and … Read more
In a global first, LandSpace, China’s leading commercial rocket company, recovered a stainless steel booster after an orbital launch, marking an important step in the country’s efforts to develop lower-cost, reusable rockets. It is also the first country that manages to recover orbital launch through different technological routes, implementing a two-track strategy that even the … Read more