Gold plays a major role in Turkish culture, particularly at weddings and other milestones, while also serving as a way for families to protect their savings. Many Turks keep physical gold at home, a practice known as yastık altı, because of years of high inflation, currency devaluations and past banking crises. Economists say this behavior is a rational response to economic instability, even as Turkish officials … Continue reading Turkish habit of stashing gold “under the pillow’ hurts economy, government says

Ford is updating its best-selling F-150 for 2027 with hands-free towing technology, new powertrain options and the first-ever Carhartt edition. The new BlueCruise with Towing system will allow drivers to operate hands-free on more than 130,000 miles of compatible highways while towing trailers up to 10,000 pounds. Ford is also introducing a standard 3.0-liter EcoBoost V6, bringing back the 5.0-liter V8 for King Ranch and … Continue reading Ford unveils 2027 F-150 with hands-free towing

Oil prices continued rising Tuesday after Iran-backed Houthi forces launched fresh attacks on Saudi Arabia. Brent crude climbed above $107 per barrel as investors grew increasingly concerned about disruptions to global oil supplies. The attacks came after Saudi Arabia’s East-West Pipeline was shut down following an earlier strike, limiting the kingdom’s ability to move oil to the Red Sea. The pipeline disruption could threaten a … Continue reading U.S. crude oil rises back above $104 as market awaits updates on Saudi pipeline outage

General Motors is preparing to introduce a new software experience on the 2027 Chevrolet Silverado and GMC Sierra pickup trucks. The new system is designed to provide drivers with a more modern, connected interface and expanded digital features. GM is increasingly focusing on software as an important part of its vehicles, including improved integration between the truck’s displays, controls and connected services. The redesigned experience … Continue reading GM launching new customer software experience with redesigned trucks

The 10-year U.S. Treasury yield climbed above 5% on Tuesday, reaching its highest level since 2007. The increase came as investors prepared for the Federal Reserve’s upcoming interest-rate decision and remained concerned about persistent inflation. Rising oil prices and expectations of tighter monetary policy have also contributed to higher Treasury yields. Higher Treasury yields can increase borrowing costs across the economy, including for mortgages, business … Continue reading 10-year Treasury yield hits highest level since 2007

Made Fresh Salads Inc. has recalled more than 25 varieties of cream cheese and other spreads after testing detected Listeria monocytogenes. The recalled products include flavors such as strawberry, scallion, blueberry, garlic and herb, lox and several other cream cheese varieties. The recall also covers tofu spreads and more than 40 prepared deli foods, including potato salad, macaroni salad, tuna salad and puddings. The products … Continue reading Cream cheese and deli salads recalled after listeria detected by FDA

Oil prices have climbed above $100 a barrel as the war involving the United States and Iran threatens to disrupt global energy supplies. The surge has been driven by concerns over shipping and oil production in the Middle East, particularly around the Strait of Hormuz. The conflict has raised fears that prolonged disruptions could push fuel prices higher for consumers and businesses around the world. … Continue reading Oil prices climb over $100 per barrel as US war in Iran continues

The Girl Scouts are introducing two new products for the 2027 cookie season, including their first-ever treat made specifically for dogs. Called Patch Pals, the soft-baked, blueberry-muffin-flavored dog treats were developed with BARK and feature four Girl Scout-inspired patch designs. The organization is also launching Girl Scout Sparkables, its first allergy-friendly cookie, made with chocolate chips, colorful sprinkles, and oatmeal. Sparkables are gluten-free, nut-free, vegan, … Continue reading Girl Scouts launches first dog, allergy-friendly cookies

Transportation Secretary Sean Duffy has sharply criticized Ford Motor Company over its business relationships with Chinese companies, warning that they create national-security concerns for the United States. Duffy specifically objected to Ford’s use of technology from Chinese battery maker CATL at its Michigan battery plant and its partnership with Chinese automaker Geely in Europe. He also criticized Ford for continuing to manufacture Lincoln vehicles in … Continue reading Trump administration expresses ‘profound concern’ over Ford’s ties to China

Nike is set to be removed from the S&P 100 on September 21, ending the sportswear company’s nearly 18-year run in the index of the largest U.S. companies.  The change comes after a steep decline in Nike’s market value, with its shares having fallen sharply from their 2021 peak. Nike will remain part of the broader S&P 500, so the removal from the S&P 100 does not … Continue reading Nike booted from S&P 100 after nearly 18-year run

China is preparing a roughly $54 billion (£40 billion) capital injection into major banks and insurers as Beijing tries to strengthen the financial sector and support a slowing economy.  The plan includes funding from China’s Ministry of Finance and state-owned enterprises, with major insurers such as China Life and China Taiping among those receiving new capital. Three major state-owned banks, including Agricultural Bank of China and Industrial … Continue reading China prepares £40bn stimulus for financial sector amid fears over sluggish growth

Jaguar Land Rover has opened a voluntary redundancy program for salaried and management employees as part of a plan to cut about $2.3 billion in costs over the next two years.  The company is targeting around 4,000 job cuts globally, although the reductions are expected to focus mainly on non-manufacturing positions rather than factory assembly workers.  JLR says it wants to simplify its operations, improve efficiency and lower … Continue reading Jaguar Land Rover opens voluntary redundancy program in $2.3B cost-cutting drive

Lululemon reported disappointing second-quarter results, with revenue falling 4% to about $2.42 billion and comparable sales dropping 9%. Sales in the Americas declined 8%, while the company’s signature leggings saw sales fall roughly 20% amid weaker demand and increased competition. Lululemon lowered its full-year revenue forecast to between $10.35 billion and $10.5 billion, compared with its previous estimate of up to $11.15 billion. The company’s … Continue reading Lululemon stock plunges 15% on disappointing earnings and outlook

Walmart is recalling a specific lot of Great Value Organic Triple Berry Blend frozen berries because they may be contaminated with E. coli O145. The recalled 10-ounce bags contain strawberries, blackberries and blueberries and were sold at select Walmart stores in 16 states. The recall is part of a broader investigation into an E. coli outbreak that has sickened 17 people in Florida and Georgia, … Continue reading Frozen berries sold at Walmart recalled in E. coli outbreak

Volkswagen has approved plans that could eliminate about 100,000 jobs worldwide by 2030 as part of a major restructuring effort. The additional 50,000 job cuts will come on top of reductions already agreed to, potentially affecting roughly 15% of Volkswagen’s global workforce. The company is facing declining sales in China, strong competition from Chinese automakers, high costs and the impact of U.S. tariffs. Volkswagen also … Continue reading Volkswagen announces it will cut 100,000 jobs by 2030

Eurozone inflation jumped to 3.3% in August, up from 2.9% in July and reaching its highest level in nearly three years. The increase was driven primarily by energy prices, which rose 14.3% from a year earlier as the conflict in the Middle East pushed up oil and gas costs. Core inflation, which excludes volatile food and energy prices, eased slightly to 2.4%, suggesting broader price … Continue reading Eurozone inflation jumps to 3.3% in August as energy prices surge

Ford is recalling 148,663 Mustang vehicles from the 2024 through 2026 model years because a wiring problem could cause a sudden loss of power. The defect involves engine-compartment wiring harness ground terminals that can fracture because of heat and vehicle vibration. Depending on which terminal fails, drivers could also lose headlights, windshield-washer functions, air conditioning or the engine cooling fan. Ford estimates about 1% of … Continue reading Ford recalls 148K Mustangs

Dell Technologies shares surged after the company reported record demand for its AI servers and stronger-than-expected quarterly results. Dell said it received about $60.9 billion in AI server orders during the quarter, while its AI server backlog reached a record $95 billion. The company reported $47 billion in total revenue, up 58% from a year earlier, while adjusted earnings rose to $7.04 per share. Dell … Continue reading Dell stock surges on record orders for AI servers

The U.S. labor market changed little in July, with both hiring and layoffs edging lower, according to new Labor Department data. About 7.3 million jobs were available in July, slightly higher than the revised 7.2 million openings reported in June. Employers hired about 5.1 million workers, down from 5.3 million in June, while layoffs also declined slightly to about 1.7 million. The data shows the … Continue reading The labor market was little changed in July, with hiring and layoffs both inching lower

Fast-fashion company Shein made its long-awaited stock market debut in Hong Kong after unsuccessful attempts to list in the United States and United Kingdom. The company raised about $1.7 billion through the offering, giving Shein a valuation of roughly $26 billion, far below its nearly $100 billion valuation in 2022. Shein’s shares fell by as much as 10% during early trading before recovering most of … Continue reading Shein valued at $26bn after long-awaited stock market debut

Global bond yields rose as investors weighed concerns about inflation, government borrowing and the economic impact of escalating tensions involving Iran. U.S. Treasury yields moved higher, while government bond yields in Japan and the United Kingdom also came under pressure. Investors are increasingly concerned that higher energy prices could fuel inflation, making it harder for central banks to lower interest rates. The developments come as … Continue reading Global bond yields soar to multi-decade highs

Gold prices fell to a nearly two-week low after Federal Reserve Chair Jerome Powell struck a hawkish tone, reducing expectations for near-term interest-rate cuts. The stronger outlook for U.S. interest rates pushed the dollar and Treasury yields higher, making gold less attractive to investors. Spot gold declined as markets reassessed expectations for the Fed’s monetary policy following Powell’s comments. Investors are now watching upcoming U.S. … Continue reading Gold hits near two-week low on Fed chief’s hawkish stance

Steak ’n Shake, the burger chain founded in 1934, has embraced Bitcoin and now describes itself as a “Bitcoin company.” The chain began accepting Bitcoin payments in May 2025, and its same-store sales grew 13.8% in the second quarter of 2026. Steak ’n Shake puts Bitcoin payments into a strategic Bitcoin reserve and gives hourly employees a Bitcoin bonus of 21 cents for every hour … Continue reading Steak ‘n Shake boosts sales and employee pay with bitcoin, calling itself a ‘Bitcoin company’

A fuel company is suing customers who allegedly failed to pay for gasoline they received through its payment system. The lawsuit involves Freedom Fuel, which claims unpaid transactions have resulted in significant financial losses for the company. The dispute highlights concerns surrounding gas stations’ payment systems and the potential for customers to exploit errors or vulnerabilities that allow them to receive fuel without paying. Freedom … Continue reading Freedom Fuel gas stations sold stolen fuel, lawsuit claims

US inflation remained elevated in July, with the annual inflation rate holding at 3.7 percent, well above the Federal Reserve’s 2 percent target. Inflation has increased significantly since the US and Israel attacked Iran in late February, which contributed to higher energy prices and broader economic pressures. The personal consumption expenditures price index reached a three-year high of 4.1 percent in May before easing in … Continue reading US inflation holds at 3.7 percent in July, above Fed target