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Foreclosures are surging under Donald Trump

Foreclosure activity in the U.S has now risen for eight straight months, according to a new report.

2025-11-14T13:43:47Z

Walmart’s CEO Makes Way for Fellow Lifer He Guided for New Tech Era

Walmart Inc. Chief Executive Officer Doug McMillon recently spoke about the impact of artificial intelligence, saying it’s clear that the technology is going to change “literally every job.”

2025-11-14T19:42:02Z

Disney Plus set to radically change—And subscribers are furious

Disney CEO Bob Iger announced that the streaming service will soon feature user-generated artificial intelligence content.

2025-11-14T16:18:44Z

JBS Venture Agrees to Buy Hickman’s in Push for US Egg Market

Mantiqueira USA Inc., a wholly owned subsidiary of the joint venture between JBS and the founders of Mantiqueira Alimentos, entered into a binding agreement to acquire Hickman’s Egg Ranch, expanding the participation of the world’s largest meat producer in the egg sector.

2025-11-15T17:51:37Z

Europe Gauges Fallout From Trump’s Year of Trade Chaos

European Union officials may cut growth forecasts for 2026 in the coming week in an assessment of damage to the region’s economy, a year after Donald Trump won back the White House.

2025-11-15T21:41:24Z

Trump scraps tariffs on beef, coffee and tropical fruit in a push to lower grocery store prices

WASHINGTON (AP) — President Donald Trump announced Friday that he was scrapping U.S. tariffs on beef, coffee, tropical fruits and a broad swath of other commodities — a dramatic move that comes amid mounting pressure on his administration to better combat high consumer prices. Trump has built his second term around imposing steep levies on goods im...

2025-11-14T22:29:55Z

Peso sinks further to new record-low P59.17:$1

The Philippine weakened for the second straight trading day on Wednesday to carve a fresh record-low, dragged by political noise and the appreciation of the US dollar against most global currencies. The local currency shed 18.5 centavos to close at P59.17:$1, its weakest performance to date after surpassing the previous low of P59.13:$1 on October 28, 2025. It closed Tuesday at P58.985:$1. “The US dollar/peso exchange rate went up slightly for...

2025-11-12T10:02:59Z

Walmart CEO Doug McMillon announces his surprise retirement at age 59

NEW YORK (AP) — Walmart CEO Doug McMillon, who turned America's largest retailer into a tech-powered giant and spearheaded a period of robust sales growth since becoming chief executive in 2014, plans to retire early next year, the company said Friday in a surprise announcement. John Furner, 51, the head of Walmart's U.S. operations, will take over...

2025-11-14T13:24:58Z

Luxury houses eye India, but barriers remain

The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. - 'Ticks all the boxes' – India's luxury market is still relatively small, but expanding rapidly.

2025-11-16T02:00:51Z

Cebu Pacific rolls out P1 promo fare

Budget carrier Cebu Pacific has rolled out its Piso Sale, offering one-way base fares for as low as P1 for domestic and international destinations. In an advisory, Cebu Pacific said the piso fares would be available for booking until Saturday, November 15, covering flights from June 1 to October 31, 2026. "With its extensive network and major hubs in Manila, Clark, Cebu, Davao, and Iloilo, CEB makes it easier for travelers to explore the...

2025-11-12T04:02:58Z

Monterrazas de Cebu developer breaks silence, denies cutting trees

Mont Property Group, the developer of the upscale hillside residential development Monterrazas de Cebu in Cebu City, has aired its side over the controversy surrounding its project, which was blamed for aggravated flooding following the onslaught of Typhoon Tino. “Monterrazas de Cebu welcomes all impartial investigations by the Department of Environment and Natural Resources (DENR). We are committed to [working] with the agency to ensure the...

2025-11-15T13:02:59Z

Ponzi Schemer Who Won Trump Clemency Gets New 37-Year Term

A convicted Ponzi schemer whose 24-year prison term was commuted by President Donald Trump in 2021 was sentenced to another 37 years behind bars for stealing $44 million from investors after he was released.

2025-11-14T12:56:02Z

DA: Local hog industry to benefit from CPF’s $1-B expansion plan

Agriculture Secretary Francisco Tiu Laurel Jr. on Thursday welcomed Charoen Pokphand Foods Philippines Corp.’s (CPF) $1-billion five-year expansion plan to boost its hog production capacity in the country. In a news release, Tiu Laurel said the Thailand-based CPF’s expansion initiative would help restore the Philippines' swine population to pre-African Swine Fever (ASF) levels by 2028. “This CPF expansion aligns perfectly with President Marcos...

2025-11-13T12:02:58Z

NAIA gets 1st global customer-experience accreditation — NNIC

The Philippines’ main gateway Ninoy Aquino International Airport (NAIA) has earned its first-ever global customer-experience accreditation from Airports Council International (ACI), according to its private operator New NAIA Infra Corp. (NNIC). In a news release on Friday, NNIC said NAIA achieved Level 1 Airport Customer Experience Accreditation, the first time the country's main gateway has been recognized by ACI — the global association of...

2025-11-14T13:03:00Z

Stocks struggle on US rates, tech rally fears

Global stock markets struggled for momentum Friday as doubts built over whether the US Federal Reserve would cut interest rates next month and amid persistent fears of a tech bubble. "The tech-sector rout from Wall Street spilled across the globe," on Friday, said Joshua Mahony, chief market analyst at Scope Markets.

2025-11-14T17:20:30Z

Anchorage Raises a Rare Fund With Just One Bet on Argentine Suit

Anchorage Capital Advisors LP has raised a rare type of fund whose returns hinge on the outcome of a protracted and controversial lawsuit tied to the nationalization of Argentina’s biggest oil company.

2025-11-14T23:31:37Z

Trump signs order to lower tariffs on beef, coffee, other goods

President Donald Trump signed an order Friday to lower US tariffs on agricultural imports such as beef, bananas, coffee and tomatoes, as his government comes under pressure from voters grappling with the escalating cost of living. National Coffee Association president Bill Murray said the White House move will help "ease cost-of-living pressures for the two-thirds of American adults who rely on coffee each day" and secure supplies for US...

2025-11-14T23:20:20Z

Trump, like Biden before him, finds there's no quick fix on inflation

WASHINGTON (AP) — President Donald Trump's problems with fixing the high cost of living might be giving voters a feeling of déjà vu. Just like the president who came before him, Trump is trying to sell the country on his plans to create factory jobs. The Republican wants to lower prescription drug costs, as did Democratic President Joe Biden. Both ...

2025-11-15T13:17:01Z

‘Yoga Pants and Cheeseburgers’: Traders Turn Focus to Consumers

Next week was always going to be crucial for the stock market with AI behemoth Nvidia Corp. due to report earnings. But with the results from a slew of major retailers also hitting, the next few days have suddenly become critical to traders seeking a view on the health of consumers and the economy.

2025-11-16T00:16:48Z

Marcos confident PH economy can recover by end of 2025

President Ferdinand ''Bongbong'' Marcos Jr. on Thursday admitted that there has been a downturn in the country's economy, attributing this to typhoons that hit the Philippines and the global economic situation. During a press briefing, Marcos was asked how the government can recover investor confidence amid the peso hitting a fresh record-low, as well as the slower gross domestic product rate. ''There really was a downturn in economic activity....

2025-11-13T08:03:02Z

Microsoft, Facing Conservative Pressure, Disavows Religion Bias

Microsoft Corp. signed an agreement to put to rest accusations that it used a litmus test to deny software discounts to conservative faith-based groups.

2025-11-14T21:06:37Z

Ex-Fed Governor Kugler Resigned After Violating Trading Rules

Former Federal Reserve Governor Adriana Kugler, whose abrupt resignation allowed President Donald Trump to install an ally at the US central bank, violated Fed ethics rules and was subject to an internal probe when she stepped down in August, documents released Saturday showed.

2025-11-16T03:42:02Z

Purdue Pharma's deal means money for some victims, end of Purdue company name. Here's what to know

A judge said Friday that he planned to approve a deal for OxyContin maker Purdue Pharma and members of the Sackler family who own the company to settle thousands of lawsuits over the toll of opioids, allowing money to start flowing to victims as soon as next spring. U.S. Bankruptcy Court Judge Sean Lane said he would spell out his reasoning in a he...

2025-11-15T04:51:46Z

Argentina Power Firm Genneia Eyes First US IPO of Milei Era

Argentine power producer Genneia SA is preparing an initial public offering in New York for as soon as the first quarter of 2026, according to people familiar with the matter.

2025-11-14T21:41:04Z

PSEi inches up after hitting five-year low

Philippine share prices edged higher on Wednesday morning, bouncing back from the five-year low recorded the previous day when investors weighed concerns over the country's slowing economic growth. The Philippine Stock Exchange index (PSEi) was up 76.95 points or 1.37% to 5,706.02 as of 11:10 a.m. on Wednesday, November 12. The broader All Shares index gained 29.47 points or 0.85% to 3,495.08. The local stock barometer closed Tuesday, November...

2025-11-12T05:02:56Z

Huge AT&T settlement awards millions up to $7,500 each

One of the breaches affected "nearly all" of AT&T's 110 million cellular customers between 2022 and 2023.

2025-11-14T12:04:02Z

US bankruptcy court to approve deal with Purdue Pharma and Sackler family

The deal is expected to be one of the largest settlements against an opioid manufacturer, with funds for victims.

2025-11-15T00:58:26Z

Bank of America launches "401k Pay" to help manage retirement

Bank of America launches a new tool to turn retirement savings into a predictable income for employees.

2025-11-14T15:58:59Z

Former Fed governor's stock trades violated the central bank's ethics rules

A former Federal Reserve governor who retired in August listed several stock trades in her financial disclosure documents for 2024 that violated the central bank's ethics rules. The transactions are outlined in a report released Saturday by the U.S. Office of Government Ethics, which reviewed Adriana Kugler's financial disclosures after the Fed ref...

2025-11-15T22:11:58Z

Swiss Tariff Deal Brings Relief to Struggling Watchmakers

Companies have cut workers’ hours as US exports plunged

2025-11-15T09:27:06Z

Alliance Global nets P24.8B in Jan.-Sept. 2025

Tycoon Andrew Tan’s diversified conglomerate Alliance Global Group Inc. (AGI) on Wednesday reported a 24% annual growth in its bottom line for the first nine months, driven by higher gains and cost management during the period. AGI’s net income grew to P24.8 billion, as the company recorded a one-time gain of P3.4-billion from the deconsolidation of its quick-serve restaurants business Golden Arches Development Corp. (GADC), the Philippine...

2025-11-12T04:02:58Z

How Is AI Reshaping Business Strategy? Join Newsweek’s Webinar

Google’s AI strategist and a Harvard professor share how AI is transforming business and what leaders need to do next.

2025-11-14T18:28:36Z

Government will release September jobs report next week, ending data drought from federal shutdown

WASHINGTON (AP) — The Labor Department will release its numbers on September hiring and unemployment next Thursday, a month and a half late, marking the beginning of the end of a data drought caused by the 43-day federal government shutdown. The statistical blackout meant that the Federal Reserve, businesses, policymakers and investors have largely...

2025-11-14T22:16:46Z

Pop Mart’s Labubu Risks Beanie Baby-Style Collapse, Analyst Says

The euphoria surrounding Labubu toys is starting to resemble the boom-and-bust cycle that ended in the collapse of Beanie Babies in the 1990s, a warning sign for investors, a bearish analyst says.

2025-11-16T00:56:46Z

Gen Z could have one less problem when it comes to buying a home

A major credit rule is changing. An expert tells Newsweek what the change could mean for first-time buyers.

2025-11-14T16:54:01Z

When are December 2025 SNAP payments coming?

The program pays out food assistance benefits to some 42 million low- and no-income Americans each month.

2025-11-14T16:33:38Z

USDA data casts doubt on China's soybean purchase promises touted by Trump

OMAHA, Neb. (AP) — New data the Agriculture Department released Friday created serious doubts about whether China will really buy millions of bushels of American soybeans like the Trump administration touted last month after a high-stakes meeting between President Donald Trump and Chinese leader Xi Jinping. The USDA report released after the govern...

2025-11-14T23:51:58Z

Switzerland to boost US investment as deal struck to lower US tariffs on Swiss goods to 15%

GENEVA (AP) — Switzerland announced plans on Friday to invest $200 billion in the United States through 2028 as it finalized a hard-wrought deal to slash U.S. tariffs on Swiss goods. Economy Minister Guy Parmelin said the Trump administration has agreed to cut U.S. tariffs on most Swiss goods to 15% — the same level imposed on the neighboring Europ...

2025-11-14T16:21:53Z

Bill to ‘freeze immigration entirely’ to be introduced

"We're dealing with a mass community growing up that have no desire to assimilate and come here to become American," Roy said.

2025-11-14T17:43:50Z

Trump Cuts Food Tariffs on Beef, Coffee as Prices Vex Voters

President Donald Trump issued an order on Friday reducing tariffs on beef, tomatoes, coffee and bananas, a move aimed at lowering costs on groceries as the administration faces pressure from voters to cut prices on everyday goods.

2025-11-14T19:41:49Z

Saudi’s Aramco completes acquisition of 25% stake in Unioil

Saudi Arabia’s Aramco, one of the world’s largest petroleum and energy companies, has completed its acquisition of a quarter of shares in Unioil Petroleum Philippines. In a statement, Unioil announced the completion of its transaction with Aramco, which now holds a 25% equity stake in the Filipino petroleum retailer. This came months after the company disclosed in February its entry into definitive agreements with the Saudi Arabian petroleum...

2025-11-07T14:02:59Z

PH gaming revenues down in Q3 amid stricter regulations

?The Philippine gaming industry posted lower gross gaming revenues (GGR) in the third quarter of the year following online reforms and stricter rules on digital payments, the Philippine Amusement and Gaming Corp. (PAGCOR) said Tuesday. Data released by PAGCOR showed that third-quarter GGR stood at P94.51 billion, down from P94.61 billion the same period last year. Electronic games continued to be the biggest driver as it grew 17% to P41.95...

2025-11-11T10:03:02Z

Shareholders of Union Pacific, Norfolk Southern support $85 billion rail merger

OMAHA, Neb. (AP) — Shareholders of Union Pacific and Norfolk Southern backed the railroads’ proposed $85 billion merger to create the nation’s first coast-to-coast rail network. Roughly 99% of both railroads’ shareholders voted to support the largest rail merger in history Friday, but the U.S. Surface Transportation Board must still approve it befo...

2025-11-14T14:31:27Z

Most affordable city in America crowned

This city's median home price was reported at $250,000 last month, more than $150,000 below the national median.

2025-11-15T19:53:06Z

They Voted for Trump. His Tariffs Took Down Their Family-Owned Sawmill

On today’s Big Take podcast: How Trump’s trade war led to the closure of a family-run sawmill in North Carolina.

2025-11-15T13:26:56Z

Google offers ad-tech changes in EU antitrust case but a breakup is not one of them

LONDON (AP) — Google has offered to make major changes to its business practices to resolve a European Union antitrust case targeting its ad-tech business, but they don't include breaking up the company. The compliance plan Google submitted to the European Commission — the 27-nation bloc's top antitrust enforcer — includes “immediate product change...

2025-11-14T12:31:18Z

Grab launches cash loan program for drivers, riders, delivery-partners

Grab Philippines has launched its Buhay Asenso Cash Loan, a financing program for Grab drivers, delivery-partners, and MOVE IT rider-partners. According to Grab, the cash loan program is geared to be a practical safety net, offering quick access to funds and monthly add-on benefits that will help keep partners on the road. "Accessible financing is central to a thriving gig economy. Gig workers, such as our driver-, rider-, and delivery-partners,...

2025-11-11T05:02:58Z

PH banks’ assets grew 7.7% to P28.2T in H1 2025 —BSP

The Bangko Sentral ng Pillipinas (BSP) on Friday said the Philippine banking sector continued its growth momentum in the first half of 2025. In a news release, the BSP, citing its “Report on the Philippine Financial System for the First Semester of 2025,” said Philippine banks posted P28.2 trillion in assets as of end-June 2025, up 7.7% year-on-year. The central bank said growth was driven by stable domestic deposits and supported by strong...

2025-11-07T14:02:58Z

Postmaster general says US Postal Service needs revenue growth, not just cuts

The U.S. Postal Service can’t fix its finances through cuts alone, Postmaster General David Steiner said Friday. Steiner said the 150-year-old agency needs to expand its revenue base to restore prominence in the nation’s delivery network. It also should capitalize on its long-standing legal obligation to deliver to every address. One way it can do ...

2025-11-14T21:11:45Z

Chick-fil-A Testing New Menu - But Only In Some Locations

Chick-fil-A is testing two new items in Baltimore, Maryland, and San Antonio, Texas

2025-11-14T15:58:45Z