Macy's plans to close stores over several years. kena betancur / AFP via Getty Images Nearly 300 US retail stores, including Macy's and Kroger locations, are set to close by the end of 2026. Major cha...
Federal Reserve Chair Jerome Powell says his refusal to drop interest rates led to Donald Trump opening a criminal investigation over renovations to the central bank’s headquarters....
Companies in new year borrowing rush ahead of expected glut of issuance to fund AI-related spending...
President demands one-year limit should come into force on January 20 but gave no details...
Company confident ‘last details’ of deal with White House to resume AI chip exports will be finalised soon...
Italy on Wednesday said that an EU trade deal with South American bloc Mercosur could bring "enormous benefits", despite calling for a postponement of plans to seal the accord in December. On Friday, ...
Barnes & Noble is among the retailers reportedly opening more stores in 2026. Al Drago/Getty Images Retailers such as Dollar General and Nordstrom Rack plan major store expansions in the US in 2026. S...
Composite picture of Elon Musk (left) and Jeff Bezos (right) Joel Saget/AFP and Kevin Winter The 10 richest people are worth more than Amazon after a nearly $600 billion wealth gain in 2025. The AI bo...
Google cofounded Sergey Brin and Larry Page attended the Vanity Fair Oscar Party in 2007. Billy Farrell/Patrick McMullan via Getty Images T-Rex LLC, linked to Google founders Sergey Brin and Larry Pag...
New York lawmakers will soon review a bill that seeks to ban certain sports and political event contracts in the state, among others....
One very lucky lottery player from the US state of Arkansas hit the ultimate jackpot on Christmas Eve. Christmas will never be the same again!...
An image of the T1 phone from Trump Mobile TrumpMobile.com The Trump phone was announced in June and originally set to be released in August. Now, the company's customer service says the phone won't b...
Article URL: https://wolfstreet.com/2025/12/26/status-of-the-us-dollar-as-global-reserve-currency-usd-share-drops-to-lowest-since-1994/ Comments URL: https://news.ycombinator.com/item?id=46403276 Poin...
As Iran’s rial hits record lows, Bitcoin is resurfacing in public discourse. Its decentralized design is often cited as a contrast to state-managed fiat currencies....
The U.S. has launched a "deadly strike" against Islamic State fighters in northwest Nigeria, according to Trump. And, holiday spending was higher than expected this year. (Image credit: Anna Moneymake...
Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics and stiff overseas competition pushed sales down ...
NFT minting accelerated even as buyers spent less, pushing the market toward a high-volume, low-price dynamic....
China is taking steps to reshape the direction of its foreign investment, unveiling a revised catalogue of encouraged industries that steers overseas capital towards the advanced and technologically c...
A Cambodian bank founded by accused scam boss Chen Zhi, who has been indicted by the United States over a multibillion-dollar fraud and extradited to China, was ordered liquidated on Thursday, Cambodi...
Justin Howells, Target's group vice president for Pacific Northwest stores. Matt Hage/AP Content Services for Target Target is getting a new CEO in the New Year — one who started with the compan...