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Business

Frontier Airlines will introduce first-class seating in the competitive round

Karem Wintourd Penn

Frontier Airlines, one of the world's leading low-cost airlines, is poised to introduce first-class seating as part of a strategic shift aimed at attracting customers seeking greater comfort and personal…

Business

Job postings rise in October as hiring slows, signaling a cooling job market

Karem Wintourd Penn

The U.S. job market showed mixed signals in October, as job postings increased while hiring fell, according to data released Tuesday by the Bureau of Labor Statistics (BLS). The report,…

Business

How Black Friday Spending Reflects America's Political Divide After the 2024 Election

Karem Wintourd Penn

A red hat reading “Keep America Great” perched on a Christmas tree during a rally in Michigan in December 2019 symbolized the intersection of politics and culture in the United…

Business

Trump announces new tariffs on Chinese goods, worsening trade tensions

Karem Wintourd Penn

US-China economic relations are facing new uncertainties after President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese imports. The announcement, made on its social media…

Business

Databricks raises billions in funding, delays IPO amid AI boom

Karem Wintourd Penn

Databricks, one of the world's most valuable private technology companies, is raising billions of dollars in new funding as it chooses to delay its long-awaited public offering, sources familiar with…

Business

Scott Bessent is poised to lead the Trump administration's economic policy

Karem Wintourd Penn

Scott Bessent, founder and CEO of Key Square Group LP, has been tapped by President-elect Donald Trump for the crucial role of Treasury secretary. The news has already sparked optimism…

Business

Scott Bessent is poised to become Treasury secretary under the Trump administration

Karem Wintourd Penn

President-elect Donald Trump announced Friday his plan to nominate Scott Bessent, founder and CEO of Key Square Group LP, as Treasury secretary. The move places a seasoned hedge fund executive…

Business

Trump and Powell may face new tensions over economic policy in 2025

Karem Wintourd Penn

As President-elect Donald Trump prepares to return to the White House in January, a potential clash with Federal Reserve Chairman Jerome Powell looms on the horizon, largely dependent on evolving…

Business

Trump picks Robert F. Kennedy Jr. to lead HHS, raising public health and industry concerns

Karem Wintourd Penn

President-elect Donald Trump announced Robert F. Kennedy Jr., a longtime vaccine skeptic and former independent presidential candidate, as his nominee to head the Department of Health and Human Services (HHS).…

Business

The Federal Reserve faces new challenges with Trump's presidency

Karem Wintourd Penn

In a recent press conference following a meeting of the Federal Open Market Committee, Federal Reserve Chair Jerome Powell answered a series of questions from reporters asking for his views…