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AI is powering Trump’s economy, but American voters are getting worried

President Donald Trump is heading into the 2026 election year vowing to pull out all the stops to promote artificial intelligence — just as American voters are starting to voice some doubts.

2025-12-12T11:41:22Z

Deutsche Bank, Goldman see Fed cuts rekindling dollar’s drop

Deutsche Bank AG, Goldman Sachs Group Inc. and other Wall Street banks are forecasting that the US dollar will resume its slide next year as the Federal Reserve keeps nudging down interest rates.

2025-12-12T07:51:42Z

Broadcom drags on Wall Street as worries about AI weigh

NEW YORK (AP) — More drops for superstar stocks that soared in Wall Street's frenzy around artificial-intelligence technology are weighing on the U.S. stock market Friday. The S&P 500 slipped 0.5% from its all-time high set the day before, and the weakness for tech stocks dragged the Nasdaq composite down a market-leading 1%. But other areas of the...

2025-12-12T05:46:57Z

China Southern Power’s Transelec talks said to face delays

China Southern Power Grid Co.’s attempt to acquire control of Chilean power transmission company Transelec SA has hit a snag due to differences over valuation, according to people familiar with the matter.

2025-12-12T03:56:02Z

Amazon recall update: Toxic warning issued for item sold nationwide

The Consumer Product Safety Commission has warned that these items pose significant health and safety risks.

2025-12-12T14:33:37Z

New home listings suffer sharpest drop in 2 years

Would-be sellers are backing off the market, especially in cities in Florida and Texas.

2025-12-12T13:03:43Z

Tether blocks investor sales while pitching $20 billion funding

Tether Holdings SA, the stablecoin issuer seeking to raise up to $20 billion in a stock sale, is exploring ways to ensure liquidity for investors after intervening to stop some existing shareholders from offloading stakes.

2025-12-12T11:31:44Z

SEC issues guidelines to expand Islamic financing

The Securities and Exchange Commission (SEC) on Thursday announced it has issued the proposed guidelines which would pave the way for sukuk bonds issuances in the Philippines as part of the government’s efforts to develop the Islamic capital market and expand investment opportunities. In a statement, the SEC said it issued, on November 26, for public comment the proposed guidelines on the issuance and disclosure of sukuk. The proposed guidelines...

2025-12-04T07:02:59Z

EU agrees three-euro small parcel tax to tackle China flood

EU finance ministers agreed Friday to impose a three-euro duty on low-value imports into the bloc from July 2026 to help tackle a flood of small parcels ordered via the likes of Shein and Temu. Starting at three euros, the new fee will apply once per item in cases where packages contain different products, but only once if they contain multiples of the same item, a spokesperson for the European Council told AFP. The move comes a month after the...

2025-12-12T14:30:53Z

FTC sues to block Henkel bid for rival adhesive maker

The US Federal Trade Commission sued to challenge Henkel AG’s acquisition of part of Pittsburgh Paint Co., which is owned by private equity firm American Industrial Partners.

2025-12-11T19:51:41Z

ADB OKs $400-M loan to support PH ease of doing business reforms

The Asian Development Bank (ADB) announced Wednesday it has approved a $400-million policy-based loan to support the Philippine government's reforms to improve ease of doing business. The loan for the Business Environment Strengthening with Technology Program (BEST) Subprogram 1, the ADB said, would support private sector development reforms to streamline and improve transparency of regulatory requirements and processes for businesses. The...

2025-12-10T05:02:58Z

Fed’s Paulson sees more risks to labor market than inflation

Federal Reserve Bank of Philadelphia President Anna Paulson said Friday she expects inflation to cool next year though she cautioned there is a risk of a further downturn in the labor market.

2025-12-12T13:26:53Z

Colleges with low-earning grads to get red flag in new FAFSA

Experts say it’s a step forward in addressing the student loan crisis, but more is needed.

2025-12-12T11:51:42Z

OpenAI beefs up GPT models in AI race with Google

OpenAI released its latest artificial intelligence models on Thursday, shrugging off worries about how it will cash in on massive spending in its technology race with Google. Simo confirmed that a "red alert" about Google sprinting ahead had been issued at OpenAI, but refuted the notion it has sped up the release of new GPT models.

2025-12-11T21:26:18Z

PH workforce hit as J.P. Morgan shuts analytics software provider Aumni

J.P. Morgan on Tuesday announced the shutdown of its intelligence analytics software provider Aumni, affecting some 250 employees in the Philippines that it described as a “critical hub” for its global operations. The decision comes over two years after J.P. Morgan announced the acquisition of Aumni, which provides intelligence analytics to the venture capital industry, in March 2023. “J.P. Morgan regularly reviews its products and client...

2025-12-02T09:02:59Z

World Bank cuts PH growth outlook amid natural disasters, weak investor confidence

Multilateral lender World Bank has trimmed its economic growth outlook for the Philippines, citing “domestic shocks” such as recent natural disasters and weak investor confidence undermined by the ongoing corruption scandal. In the December 2025 edition of its Philippine Economic Update, the World Bank is projecting the country’s economy – as measured by gross domestic product (GDP) – to grow by 5.1% this year, slower than the previous forecast...

2025-12-09T10:02:58Z

Six Philippine firms make Fortune's best companies to work for in Southeast Asia

Six Philippines-based firms have been included in the inaugural Fortune 100 Best Companies to Work For-Southeast Asia, based on employee feedback on company trust, fairness, and purpose. They are: utilities provider Balibago Waterworks System, 24th; Gokongwei-led Robinsons Hotels and Resorts, 35th; Universal Robina Corp., 44th; property tycoon Andrew Tan’s Megaworld, 90th; business service provider Infinit-O, 93rd; and PeoplePartners, 96th....

2025-12-02T12:03:00Z

PH eyes trade and labor opportunities in Canadian province of Alberta

The Philippines is exploring trade, investment and labor opportunities in the Canadian province of Alberta as part of Manila's strategy of further expanding ties with Canada. In his recent working visit to Alberta, Philippine Ambassador Jose Victor Chan-Gonzaga met with Alberta Premier Danielle Smith at the Alberta Legislature Building in Edmonton, highlighting his first official visit to the province. He also held talks with Alberta Minister of...

2025-12-05T11:02:59Z

BSP sees PH economic growth to gradually start recovery mid-2026

Philippine economic growth could slow down to as low as 4% this year with a gradual recovery seen to start by the middle of 2026, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said Wednesday. Speaking with reporters at the central bank headquarters, Remolona said growth is expected to fall to between 4% to 5% this year, below the government's already trimmed down target range of 5.5% to 6.5%. "I think we all agree that for 2025,...

2025-12-03T09:02:59Z

Grab to offer free shuttle rides from NAIA to One Ayala on Dec. weekends

Grab Philippines on Tuesday said it will deploy free airport shuttle rides from the Ninoy Aquino International Airport (NAIA) across weekends this December, in a bid to ease congestion as it said customers may face difficulties in getting a ride given the higher seasonal demand. In an advisory, Grab Philippines said the free airport shuttles will bring passengers from the NAIA Terminal 3 to the One Ayala public transport terminal in Makati from...

2025-12-02T09:02:58Z

Better economy seen with tamed inflation — Recto

Executive Secretary Ralph Recto, the former secretary of Finance, on Friday said that Filipinos could expect “a better, stronger Philippine economy” ahead as the Marcos administration keeps inflation “under control.” “We will make a strong economic comeback in 2026,” Recto said. The executive secretary issued the statement after Department of Economy, Planning and Development Secretary Arsenio Balisacan said the economy is “very unlikely” to...

2025-12-05T10:02:59Z

Lululemon surges as CEO exit offers shot at strategic reset

Lululemon Athletica Inc. shares rallied after the pricey yoga-wear maker boosted its full-year outlook and announced that its chief executive officer would step down after a period of sluggish growth.

2025-12-11T23:21:35Z

After Airbus issue, DOT says airlines don't have to cover passenger expenses amid aircraft recalls

The U.S. Department of Transportation has issued new guidance telling airlines they do not have to cover passenger expenses, such as meals or hotel stays, when flight cancellations or long delays are caused by aircraft recalls. The guidance, released on Wednesday, comes after widespread disruptions last month amid the busy Thanksgiving travel perio...

2025-12-11T20:19:42Z

The stocks to watch when Supreme Court rules on Trump’s tariffs

An upcoming US Supreme Court ruling on the legality of the sweeping tariffs that President Donald Trump rolled out in April — briefly sending markets worldwide into a tailspin — could be the next test for stocks that have been flying high.

2025-12-12T15:41:15Z

Social Security to change in January: 4 updates to be aware of

Changes will influence monthly benefits, payroll taxes, and how much income retirees can earn without reducing their payments.

2025-12-12T10:13:30Z

LTFRB’s surge may affect ride availability, says Grab

Grab Philippines said it respected and accepted the government’s order to cut surge pricing for Transport Network Vehicle Service (TNVS) trips, but warned that the temporary measure might hurt drivers and weaken ride availability during the Christmas rush. The Land Transportation Franchising and Regulatory Board (LTFRB) has set a temporary adjustment to reduce the fare computation for transport network vehicle service (TNVS) during peak hours...

2025-12-12T16:02:58Z

World stocks consolidate Fed-fuelled gains

Global stocks on Friday held on to gains seen after the Federal Reserve bank delivered a much-anticipated rate easing this week, but investors shied away from big bets on the future direction of US interest rates. Focus for global investors switches to next week's release of US jobs data, which could provide insights into the Federal Reserve's plans for next year.

2025-12-12T03:00:53Z

Russian central bank says suing Euroclear over frozen assets

Russia's central bank on Friday said it was suing the Belgium-based Euroclear financial group, which holds Moscow's frozen international reserves, as the EU moves closer to using the funds to support Ukraine. On Friday, Russia's central bank said it was filing "a lawsuit against Euroclear in the Moscow Arbitration Court" due to what it called "the illegal actions" of the institution.

2025-12-12T09:37:49Z

Jerome Powell worried about new 'K-shaped' economy

Powell acknowledged that the idea of a K-shaped economy was “clearly a thing” showing up in the Fed’s data.

2025-12-12T14:48:47Z

Lawsuit challenges the approval of an exploratory drilling program in Alaska petroleum reserve

JUNEAU, Alaska (AP) — Conservation groups and an Iñupiat-aligned group sued Thursday to overturn the recent approval of an exploratory drilling program in the National Petroleum Reserve-Alaska, saying it was improperly analyzed by the federal government and could harm caribou and important habitat areas. The U.S. Bureau of Land Management approved ...

2025-12-11T22:34:46Z

China plans tougher regulations targeting carmaker price war

China’s market regulator released new draft guidelines aimed at stopping automakers from pricing models too cheaply as part of efforts to curb cutthroat competition that’s fueling deflationary pressure.

2025-12-12T13:31:36Z

Primark recall: Customers told to stop using baby product immediately

Primark has not issued a recall period for the product, which could pose a choking hazard.

2025-12-11T21:53:39Z

Appeals court backs contempt finding against Apple, but reopens a door for iPhone app fees

A federal appeals court on Thursday backed a ruling that held Apple in civil contempt for brazenly defying an order designed to open its iPhone app store to other payment systems besides its own, but the decision also reopened a door for the company to collect commission from the rival options. The unanimous decision by a three-judge panel for the ...

2025-12-12T01:21:48Z

Map shows states with cheapest gas as prices plunge

Prices continued falling in several states this week, including those where drivers paid the most to fill the tank.

2025-12-12T12:03:05Z

China prepares as much as $70 billion in chip sector incentives

China is considering a package of incentives worth as much as $70 billion to bankroll and support its chipmaking industry, pouring more state money into a sector it deems pivotal to its technological conflict with the US.

2025-12-12T11:41:44Z

Treasury Secretary Bessent calls for looser regulations for the US financial system

WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent is proposing to overhaul a regulatory panel that monitors the nation's financial stability, by advocating for looser regulations. The Financial Stability Oversight Council, a U.S. body created in the wake of the 2008 global financial crisis, monitors risks to the financial system and coordinat...

2025-12-11T18:31:53Z

DA imposes temporary ban on pork import from Taiwan

The Department of Agriculture has imposed a temporary ban on the importation of live pigs as well as pork meat, pig skin, and other related products from Taiwan due to the African Swine Fever (ASF) outbreak. According to DA Secretary Francisco Tiu Laurel Jr., the immediate moratorium covers live pigs and all pork-derived commodities, including semen used for artificial insemination. The order takes effect immediately and will remain in force...

2025-12-08T09:02:58Z

Broadcom shares tumble after investors seek bigger AI payoff

Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, fell by the most in eight months after its sales outlook for the red-hot market failed to meet investors’ lofty expectations.

2025-12-11T22:01:34Z

TIEZA taps GCash to ease refund of travel tax

The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) signed Tuesday an agreement with mobile wallet GCash to ease the refund process of travel tax payments of those exempted from paying the levy on travelers leaving the Philippines. Officials of TIEZA led by its Chief Operating Officer Mark Lapid and representatives from GCash led by its Vice President and Head of Public Sector Cleo Celeste Santos signed a memorandum of agreement to...

2025-12-09T12:03:00Z

Ford turns to stepped-up tech and cooperation with police to thwart F-150 pickup thieves

DETROIT (AP) — Ford Motor Co. has stepped up technology in its popular F-150 pickup to combat the ever-evolving techniques car thieves have at their disposal. It is the latest cat-and-mouse move that the automaker hopes will help customers avoid the costly and frustrating process that occurs when vehicles are swiped and includes a feature that won'...

2025-12-12T11:04:56Z

DA OKs meat export permits for 13 Chilean companies

The Department of Agriculture (DA) has accredited 13 companies from Chile to export meat to the Philippines. According to the DA, the Chilean companies were granted a three-year accreditation to export meat (beef, pork, and chicken), offal, animal fats, and other by-products to "further diversify the country’s food sources amid persistent supply bottlenecks and livestock diseases." “As much as we strive to produce more food locally, we also need...

2025-11-29T14:02:58Z

PH to ban pork products from Spain due to ASF

The Philippines is set to ban pork products from Spain due to the African swine fever (ASF), citing the cases in the country. According to Agriculture Secretary Francisco Tiu Laurel Jr., the ban order will be released on Wednesday, covering products after November 11, 2025. “Sa ASF, sa Spain, lalabas today ‘yung order to ban starting, ang na-identify namin is ‘yung anything produced after November 11 will not be allowed until ma-clear na sila...

2025-12-03T05:02:58Z

GMA Network appoints Michelle Seva as OIC for GMA Integrated News, Marivic Araneta for GMA Regional TV and Synergy

GMA Network, Inc. announces the appointment of Vice President for News Programs and Specials Michelle Seva as Officer-in-Charge of GMA Integrated News and Senior Assistant Vice President and Deputy Head for Synergy Marivic Araneta as Officer-in-Charge of GMA Regional TV and Synergy following the early retirement of Oliver Victor Amoroso as Senior Vice President and Head for Integrated News, Regional TV, and Synergy. Concurrent Vice President for...

2025-11-29T07:02:58Z

V-22 Osprey accidents rose in last two years, watchdog says

The Pentagon’s troubled V-22 Osprey program has seen its accident rate steadily increase in recent years, according to a new report from congressional auditors, despite heightened scrutiny after a series of deadly mishaps.

2025-12-12T15:56:34Z

Experts share their top tips to save money this holiday season

NEW YORK (AP) — The holiday season means time with family and new memories, but it can also mean lots of spending — sometimes too much. From gifts to travel plans to grocery shopping, costs can pile up and become overwhelming, especially in a difficult economic environment. Holiday shopping can bring joy, but it’s important to stick to a budget and...

2025-12-12T14:19:52Z

Senator says FAA administrator failed to sell multimillion-dollar airline stake as promised

The head of the Federal Aviation Administration has not sold off his multimillion-dollar stake in the airline he led since 1999 despite a promise to do so as part of his ethics agreement, according to a Democratic senator. In a letter to Bryan Bedford this week, Sen. Maria Cantwell said he vowed to sell all his shares in Republic Airways within 90 ...

2025-12-12T00:04:51Z

ADB trims growth forecast for PH

The Asian Development Bank (ADB) has slashed its economic growth expectations for the Philippines, citing tempered infrastructure spending amid the ongoing flood control corruption scandal probe. In its latest Asian Development Outlook, the ADB said its gross domestic product (GDP) growth forecast for the country was trimmed to 5% in 2025 from its earlier projection of 5.6%. It also cut its growth outlook for 2026 to 5.3% from 5.7%. The...

2025-12-10T05:02:59Z

Maersk picks new CFO with logistics background to drive strategy

A.P. Moller-Maersk A/S named Robert Erni as its new chief financial officer, selecting an executive with a strong track record in logistics where Denmark’s biggest company is seeking to expand.

2025-12-12T08:21:34Z

Fed’s Goolsbee says he sees more cuts than most others next year

Federal Reserve Bank of Chicago President Austan Goolsbee said he is projecting more interest-rate cuts for 2026 than many of his colleagues, but dissented against a rate cut this week because he wanted to wait for more data on inflation.

2025-12-12T13:21:55Z

Chinese EV maker Geely opens world’s biggest car safety center

Chinese carmaker Geely Auto Group has opened the world’s biggest automotive safety testing center, underscoring the country’s push to play a greater role in setting global standards — particularly for electric cars.

2025-12-12T14:31:53Z