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NYC Report – Independent, In-Depth Journalism

business

Switzerland Shifts to Zero Interest Rates

In a significant turn of monetary policy, Switzerland has officially entered a zero-interest rate era, aligning itself with a growing list of global economies attempting to stimulate growth amid persistent deflationary pressures and global financial uncertainty.

By Edwin V. Christopher

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Stellantis: French Executives Rise to Power at the Top of the Company

French leaders are gaining increasing influence at the top of global auto giant Stellantis, signaling a shift in corporate leadership dynamics within the multinational group.

By Lisa F. Keith

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business

Incoming Stellantis CEO Confronts a Storm of Challenges at the Helm

The newly appointed Stellantis CEO steps into one of the automotive industry's most complex roles, facing challenges from EV competition and geopolitical risk to labor unrest and profitability concerns.

By Roy J. Miles

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business

May Home Sales See Modest Rise, But Prices Hit Another All-Time High

U.S. home sales rose slightly in May after months of stagnation, but surging prices and limited inventory continue to challenge affordability for buyers nationwide.

By Edwin V. Christopher

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business

Global Markets Climb as U.S. Stocks Near Record Highs

Global shares rose on renewed investor optimism after U.S. stock indexes approached record levels, fueled by strong tech performance and hopes of easing inflation.

By Lisa F. Keith

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business

NTSB: Pipeline Operator Took Nearly 13 Hours to Halt Oil Flow After Pressure Drop

A new report from the National Transportation Safety Board reveals that an oil company delayed shutting down a leaking pipeline for almost 13 hours after detecting a pressure drop, raising serious safety and environmental concerns.

By Roy J. Miles

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business

Conagra Brands to Eliminate Artificial Colors from Its Food Products

Conagra Brands, the parent company of Duncan Hines and other popular food labels, announced plans to phase out artificial colors across its product lines in response to growing consumer demand for cleaner, more transparent ingredients.

By Edwin V. Christopher

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business

GE Appliances to Move Washing Machine Production from China to Kentucky with $490 Million Investment

GE Appliances is investing $490 million to relocate washing machine production from China to Louisville, Kentucky, creating hundreds of U.S. manufacturing jobs and reshoring critical supply chains.

By Lisa F. Keith

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Brazil’s Supreme Court Rules Social Media Platforms Can Be Held Liable for User Content

In a landmark ruling, Brazil’s Supreme Court has paved the way for social media companies to be held responsible for user-generated content under certain conditions, reshaping digital liability laws across Latin America's largest democracy.

By Roy J. Miles

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business

Ex-Barclays Chief Jes Staley Loses Appeal Against U.K. Finance-Sector Ban

A U.K. tribunal has upheld regulators’ decision to bar former Barclays CEO Jes Staley from senior financial roles and fine him over misleading statements about his ties to Jeffrey Epstein, ending his bid to revive a 40-year City career.

By Edwin V. Christopher

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business

Greenland's Bold Invitation: Discover the Last Untouched Frontier

No longer just a frozen expanse on the edge of the world, Greenland is opening its arms to travelers seeking authenticity, wonder, and meaning. In a dramatic shift, the Arctic nation is reintroducing itself as a destination where nature and truth converge.

By Lisa F. Keith

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business

Markets in Flux: Global Stocks Waver After Wall Street's Record-Breaking Surge

Following a historic rally in U.S. markets that pushed major indexes to new all-time highs, global stock exchanges showed mixed responses. Investors worldwide remain cautiously optimistic, weighing economic momentum against inflation and interest rate uncertainties.

By Roy J. Miles

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business

Japan’s Industrial Confidence Grows Amid Trade Tensions and Tariff Uncertainty

Despite renewed concerns over U.S. tariff threats under former President Donald Trump’s policies, Japanese manufacturers show a surprising uptick in optimism, driven by resilient exports, strong domestic demand,uncertainty and innovation in key sectors.

By Edwin V. Christopher

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business

U.S. Court Deals Major Setback to Milei: Argentina Ordered to Surrender Control of YPF

In a landmark ruling, a U.S. federal judge has ordered Argentina to relinquish control of its majority stake in YPF, the state-run oil company, delivering a sharp legal and political blow to President Javier Milei’s government as it grapples with economic turmoil.

By Lisa F. Keith

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business

Apple Faces Legal Heat: U.S. Judge Greenlights Landmark Antitrust Lawsuit

A federal judge has ruled that a sweeping antitrust case against Apple can move forward, marking a significant escalation in the legal battle over Apple’s alleged dominance in the smartphone ecosystem and app distribution market.

By Roy J. Miles

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business

Trump Slams Tech Provider After Conference Call Glitch Disrupts Virtual Event

Former President Donald Trump lashed out online after a high-profile conference call was disrupted by technical glitches. Blaming the tech service provider, Trump’s public frustration underscores growing political tensions around digital reliability and communication control.

By Edwin V. Christopher

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business

Senate Republican Tax Proposal Sparks Outcry from Renewable Energy Advocates

Clean energy advocates warn that a new GOP-backed tax bill in the U.S. Senate could severely undercut the growth of wind and solar power, threatening climate goals and jeopardizing thousands of green jobs nationwide.

By Lisa F. Keith

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business

Buy Now, Pay Later Loans to Be Reflected in Credit Scores for the First Time

Major credit reporting changes are coming: ‘Buy Now, Pay Later’ installment loans will soon be factored into consumer credit scores, a move that could reshape how millions of Americans manage debt, spending, and access to credit.

By Roy J. Miles

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business

Trump’s 50% Tariff on Brazil Sends Global Shockwaves: ‘Nothing Is Off Limits’

Former President Donald Trump’s proposal for a 50% tariff on Brazilian imports has stunned global markets and reignited fears of a return to protectionist trade wars. Analysts say the move signals an aggressive economic nationalism that could redefine U.S. trade priorities if Trump returns to office.

By Edwin V. Christopher

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business

Trafigura‑Owned Greenergy to Close Immingham Biodiesel Plant Amid Market Pressure

Greenergy, a Trafigura subsidiary, plans to shut its Immingham biodiesel facility—responsible for about 25% of UK output—citing weak domestic policy and competition from cheap American imports. The move puts 60 jobs at risk and highlights systemic challenges facing the UK biofuels sector.

By Lisa F. Keith

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OPEC+ Weighs Pausing Oil Output Hikes After Next Increase Amid Global Demand Uncertainty

OPEC+ is considering halting further oil production hikes after the next scheduled increase, signaling growing concern over global demand forecasts, economic volatility, and energy market imbalances.

By Roy J. Miles

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business

Combs and Mangione Trials Spark Rise of Courtroom TikTok Influencers

High-profile legal battles involving Sean 'Diddy' Combs and Anthony Mangione have fueled a surge of TikTok creators blending law, drama, and commentary—forming a new class of social media influencers with courtroom credibility and viral clout.

By Edwin V. Christopher

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business

Oak View CEO Leiweke Indicted in Federal Probe Into Arena Bid-Rigging Scheme

Tim Leiweke, CEO of Oak View Group, has been indicted by U.S. federal prosecutors over allegations of bid-rigging tied to arena development contracts. The case raises questions about competition, transparency, and corruption in the lucrative world of sports venue construction.

By Lisa F. Keith

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business

Microsoft CEO Satya Nadella Says Job Cuts Are “Weighing Heavily” on Him

Microsoft has eliminated over 15,000 jobs in 2025 amid a major restructuring to reposition the company as an AI‑first business. CEO Satya Nadella called the layoffs “among the most difficult” and said they weighed heavily on him, even as the company posted record profits.

By Roy J. Miles

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business

FCC Greenlights Skydance–Paramount $8 Billion Merger Amid Controversy

The Federal Communications Commission has approved Skydance Media’s $8–8.4 billion acquisition of Paramount Global, clearing regulatory hurdles after political and legal concessions tied to media bias, DEI rollback, and a high-profile lawsuit settlement.

By Edwin V. Christopher

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business

Trump‑Powell Clash Erupts During President’s Rare Visit to the Fed

President Trump pressed Federal Reserve Chair Jerome Powell in a tense on‑site visit to the Fed headquarters, demanding interest rate cuts and criticizing the $2.5 billion renovation, while Powell calmly refuted the president’s cost figures.

By Lisa F. Keith

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business

From Toys to Automobiles, Tariffs Are Cutting Deep Into Corporate Profit Margins

New tariffs imposed by the Trump administration are burdening U.S. companies across sectors—from toy makers to automakers—forcing cost‑cutting, margin compression, and strategic shifts as profits erode under pressure.

By Roy J. Miles

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South Park Season 27 Premiere Launches Bold Satire of Trump and Paramount Settlement

In the inaugural episode of its 27th season, South Park mercilessly mocks former President Trump, Paramount’s $16M settlement, CBS cancellation of Colbert, and depicts Trump in bed with Satan, reaffirming its reputation for fearless political satire.

By Edwin V. Christopher

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business

Alphabet Beats Q2 Earnings Estimates and Raises Capital Spending Forecast Amid AI Push

Alphabet reported stronger‑than‑expected Q2 2025 revenue and earnings, driven by robust growth in Google Cloud and Search ad sales, and raised its 2025 capital expenditure forecast to $85 billion to support AI infrastructure expansion.

By Lisa F. Keith

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business

Uber Launches Pilot Program Allowing Women to Opt Out of Male Pairings

Uber is rolling out a new “Women Preferences” feature in select U.S. cities, enabling female riders and drivers to request to be paired only with other women—aimed at enhancing safety and comfort.

By Roy J. Miles

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business

Tesla’s Financial Downturn Deepens Despite Musk’s Exit from White House

Tesla posted its steepest revenue and profit drop in over a decade, warning of potentially 'rough quarters' ahead as EV tax credits lapse, tariffs bite, and consumer sentiment sours after Elon Musk’s political stint.

By Edwin V. Christopher

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