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Facing a Battle for Armored Steel, This Tank Maker Bought the Factory
Business

Facing a Battle for Armored Steel, This Tank Maker Bought the Factory

Defense firms’ ability to secure steady and timely supplies of armored steel and other specialty metals is crucial to the West’s race to rearm. Source

Amazon's Prime Day to Test Consumer Demand
Business

Amazon's Prime Day to Test Consumer Demand

The indicator of shopping patterns arrives this year after a period of slow sales for the company and concerns about the economy. Source link

New York Times to Close Sports Desk
Business

New York Times to Close Sports Desk

The news organization will rely on the Athletic for its daily sports coverage, as it seeks to further integrate the publication it bought last year.

U.S. Postal Service Wants to Wrest Business From UPS, FedEx
Business

U.S. Postal Service Wants to Wrest Business From UPS, FedEx

USPS’s rebranded Ground Advantage offering aims to move packages under 70 pounds across the country at a cheaper price than rivals. Source link

Foxconn Abandons India Chip Venture With Vedanta
Business

Foxconn Abandons India Chip Venture With Vedanta

The move is a setback to India’s nascent plans to become a semiconductor manufacturing hub. Source link

Europe Is Probing Whether Ozempic Use Raises Risk of Suicidal Thoughts
Business

Europe Is Probing Whether Ozempic Use Raises Risk of Suicidal Thoughts

Ozempic is under review by European drug-safety regulators after they received reports of suicidal thoughts linked to the popular weight-loss drug and another medicine in

EU Approves Data-Transfer Deal With U.S.
Business

EU Approves Data-Transfer Deal With U.S.

The issue has proved a concern for some of the world’s biggest tech companies, including Meta Platforms and Google. Source link

Big Banks Need More Financial Cushion, Fed's Barr Says
Finances

Fed's Barr Says Nation's Biggest Banks Need More Capital

The Federal Reserve’s regulatory chief said he has decided to beef up the financial cushions for larger banks, moves he said would help boost the

Big Banks Need More Financial Cushion, Fed's Barr Says
Business

Big Banks Need More Financial Cushion, Fed's Barr Says

The Federal Reserve’s regulatory chief said he has decided to beef up the financial cushions for larger banks, moves he said would help boost the