Business

Equities snap four-session winning streak

KARACHI: The Pakis­tan Stock Exchange (PSX) ended lower on Friday, in line with a bearish trend across most Asian markets, snapping a four-session winning streak as investors resorted to panic selling ahead of the weekend amid renewed tensions in the Middle East and rising oil prices. According to ...

Oil jumps after renewed fighting

HOUSTON: Brent crude futures jumped as much as three per cent on Friday, a day after the US and Iran traded air strikes, with traders fretting over the future of the ceasefire and shipping in the Strait of Hormuz. Brent crude futures were at $101.47 a barrel, up $1.41 or 1.41pc by 10:51 CDT (1551 GM...

Wheat procurement hits roadblock in Punjab

LAHORE: The Punjab government’s new wheat procurement mechanism is struggling, as private firms are experiencing buying failures due to pricing disputes, financing issues, and farmer resistance. Under the 2026 strategy, the government aimed to procure 3 million tonnes of wheat through 11 private com...

Inflation surges 15.16pc on costly fuel

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), surged by 15.16 per cent year on year in the week ending May 7, driven largely by higher retail prices of petroleum products and eatables, according to official data released on Friday. The increase in SPI was a broad-base...

General Motors to pay $12.75m settlement for selling drivers’ location and data

Automaker had given ‘numerous statements reassuring drivers that it would not do so’, says California attorney generalGeneral Motors (GM) agreed to pay $12.75m to resolve claims that it illegally sold hundreds of thousands of Californians’ location and driving data to two data brokers, said the stat...

The UK is set for a staycation summer - and there are plenty of hidden gems

Seasoned staycationers share their favourite spots as Airbnb and Booking.com say interest in UK stays are up on last year.

Norovirus Outbreak Sickens 115 on Cruise Ship

More than 100 passengers and 13 crew members on the Caribbean Princess reported being ill, according to the Centers for Disease Control and Prevention.

U.S. Targets Iran’s Missile and Drone Program With Sanctions

The new measures are focused on Chinese companies that supply Iran’s military with materials to make drones.

Tesla recalls Cybertrucks over fears wheels could fall off while driving

Tesla is recalling 173 Cybertrucks equipped with 18-inch steel wheels after identifying a defect that could lead to wheel detachment. The issue stems from brake rotor stress.

Justice Dept. Settles Case Against Provider of Meat Industry Data

Under the agreement, Agri Stats would pay a fine and broaden whom it sold its pricing data to. The department said the move would help reduce food costs.

LARRY KUDLOW: Forget the lefty rabble babble, the Trumpian economy is booming

Nearly all of the numbers coming in this spring are showing strength and resilience

Novo Nordisk's oral Ozempic and Wegovy pills now available for same-day delivery on Amazon

Oral Ozempic and Wegovy pills are now available for same-day delivery at Amazon. Novo Nordisk's CEO says more than 1 million patients have tried the Wegovy pill.

Lawsuit Accuses Lucky Strike of Building a Bowling Monopoly

The suit, filed by bowlers from several states, accuses Lucky Strike Entertainment of driving up prices and diminishing customers’ experiences across the country.

FIFA, Fanatics join forces in major partnership for official trading cards, collectibles

FIFA partnered with Fanatics for an exclusive collectibles deal that includes trading cards, debut patches and digital items, ending its decades-long relationship with Panini.

Why Stocks and Bonds Are Responding Differently to the Iran War

Stock investors are betting that companies will make enormous profits, despite the war. But investors in bonds, including U.S. Treasuries, have other concerns.

US jobs data beats expectations for second month in a row

The solid figures came despite rising gas prices and economic uncertainty sparked by the Iran war.

ChatGPT boom fuels a luxury housing frenzy in Bay Area

AI-driven wealth is fueling a luxury real estate surge in the Bay Area, with high-end home prices more than doubling gains seen in lower price segments.

Stocks Rise For Sixth Consecutive Week, Buoyed by Strong Jobs Data and Earnings

Investors weighed data on the American jobs market and conflicting signals about status of the conflict in the Persian Gulf.

Trump’s Latest Tariff Setback Looms Over China Talks

For the president, a major legal defeat could undercut his leverage as he prepares to head to Beijing next week for high-stakes trade negotiations.

ABC Accuses Government of Violating First Amendment

The network’s argument, made to the F.C.C., is the most aggressive posture taken yet by a television network toward the Trump administration.

What to know about the report.

Employers added 115,000 jobs and the unemployment rate remained at 4.3 percent despite higher energy prices and instability spurred by the war with Iran.

Ted Cruz says Trump Accounts are 'Social Security personal accounts' that could reshape retirement

Sen. Ted Cruz calls Trump accounts for newborns "Social Security personal accounts," saying they could build momentum for future payroll tax reform.

What to know about the report.

Govt places Public Private Partnership Authority under Privatisation Division for ‘better coordination’

ISLAMABAD: The government has decided that the Public Private Partnership Authority (P3A) will fall under the Privatisation Division instead of the Planning Division to “ensure better coordination, institutional alignment, and improved efficiency in handling public-private partnership (PPP) initiati...