Hormuz Closure Fuels Global Recession Fears
The ongoing closure of the Strait of Hormuz intensifies global recession fears, with economists warning of escalating oil prices, supply disruptions, and broad economic impact.
QVC Files for Chapter 11 Bankruptcy
NEW YORK — Bloomberg Law, CosmeticsBusiness.com, Los Angeles Times, GuruFocus and Daily Voice report that QVC Group has filed for Chapter 11 bankruptcy protection to restructure over $5 billion in…
Dow Soars as Strait of Hormuz Reopens
WASHINGTON, D.C. — The Guardian, Pittsburgh Post-Gazette, 2News.com, BNN Bloomberg Canada and FXStreet report that global stock markets surged sharply on Friday after Iran announced the Strait of Hormuz was…
TSMC Profit Hits Record on AI Boom
TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co. reported record first-quarter profit as artificial intelligence chip demand kept factory utilization high and reinforced the company’s central role in the global semiconductor…
US Hiring Rebounds as March Jobs Rise
WASHINGTON, D.C. — U.S. employers added 178,000 jobs in March, reversing February’s drop and beating economist forecasts while the unemployment rate edged down to 4.3%, according to Reuters, CNBC, NPR,…
McCormick Unilever Agree $44.8 Billion Food Deal
NEW YORK, United States — McCormick and Unilever said they have agreed to combine most of Unilever’s foods business with McCormick in a cash-and-stock transaction that values the contributed unit…
FCA Sets Car-Finance Redress Plan
LONDON, United Kingdom — The United Kingdom’s financial regulator is set to publish its approach to a motor-finance consumer redress scheme that could shape how millions of drivers seek compensation…
Brown-Forman Confirms Talks With Pernod Ricard
LOUISVILLE, Ky. — Brown‑Forman confirmed it is engaged in discussions with Pernod Ricard regarding a potential business combination, after market attention focused on possible consolidation among major spirits makers. Our…
Trump Sets 48-Hour Iran Hormuz Ultimatum
Washington, D.C. — President Donald Trump issued a dramatic 48-hour ultimatum to Iran on Saturday, threatening to “hit and obliterate” the country’s power plants if Tehran fails to fully reopen…
Howard Earns First-Ever NCAA Tournament Victory
Howard University defeated UMBC 86-83 in the First Four for its first NCAA Tournament victory in program history, opening the 2026 March Madness tournament in Dayton, Ohio.