Category: Business & Markets

Mattell Launches 1st Barbie Doll With Down Syndrome

American toymaker Mattel has unveiled its first-ever Barbie doll representing a person with Down syndrome as part of its efforts to be more inclusive. In a press release unveiling the new doll, Mattel said it hopes the new addition will “allow even more children to see themselves in Barbie” and “inspire all children to tell more stories…


US Economic Growth Slows Sharply in 1st Quarter as Interest Rates Rise

The U.S. economy expanded by 1.1 percent in the first quarter, down from 2.6 percent in the fourth quarter, according to the Bureau of Economic Analysis (BEA). This also came in below economists’ expectations of 2 percent. This was the slowest quarterly growth since the second quarter of 2022. The Federal Reserve’s higher interest rates…


US Economic Growth Slows Sharply in First Quarter As Interest Rates Rise

The U.S. economy expanded by 1.1 percent in the first quarter, down from 2.6 percent in the fourth quarter, according to the Bureau of Economic Analysis (BEA). This also came in below economists’ expectations of 2 percent. This was the slowest quarterly growth since the second quarter of 2022. The Federal Reserve’s higher interest rates…


US Economy Unexpectedly Slows to 1.1 Percent in First Quarter

The U.S. economy expanded by 1.1 percent in the first quarter, down from 2.6 percent in the fourth quarter, according to the Bureau of Economic Analysis (BEA). This also came in below economists’ expectations of 2 percent. This was the slowest quarterly growth since the second quarter of 2022. Growth in the real GDP was…


Deutsche Bank to Cut 800 Jobs After Strong 1st Quarter

FRANKFURT—Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland. The…


The Facts Behind China’s De-dollarization

Commentary The divide of the world reignites the discussion of de-dollarization. As the U.S. dollar index depreciated from 115 to 101 or nearly 12 percent, anyone, including foreign governments, that held too much U.S. dollar would try to underweight it. While the existing holders of Treasuries would be subject to mark-to-market loss when bond yields…


Oil Prices Stabilize After Hefty Losses

LONDON—Oil prices were steady on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent crude was trading at $77.72 a barrel, up 3 cents, or 0.04 percent, by 1033 GMT, while U.S. West Texas Intermediate crude rose 1 cent or 0.01 percent…


Stock Market Today: Global Shares up Ahead of US GDP Update

TOKYO—Global shares were mostly higher Thursday ahead of the release of data that are expected to show the world’s biggest economy slowing in the first quarter of the year. Shares rose in Paris, Frankfurt, Tokyo, Hong Kong, and Shanghai but fell in London and Sydney. U.S. futures and oil prices were higher. The U.S. economy…


DeSantis Breaks Silence on Disney Lawsuit

Florida Gov. Ron DeSantis on Thursday broke his silence on a lawsuit brought against him by Disney, describing it as a political move that lacks merit, while accusing the company of lacking accountability and transparency. DeSantis made the remarks during a press conference in Israel, where he faced questions on the lawsuit, the latest move…


‘It’s Political:’ DeSantis Denounces Disney Lawsuit

Florida Gov. Ron DeSantis on Thursday reacted to a lawsuit brought against him by Disney, describing it as a political move that lacks merit, while accusing the company of lacking accountability and transparency. DeSantis made the remarks during a press conference in Israel, where he faced questions on the lawsuit, the latest move by Disney…