Business

Japan is now buying Russian oil above the price cap set by the G7, breaking its agreement with the country's western allies.

Last week, 25 of the largest banks in the United States recorded a $90 billion outflow of deposits after initially seeing an increase in deposits following the collapse of Silicon Valley Bank (SVB).

U.S. manufacturing has declined to its lowest level in almost three years.

A Gallup survey indicates that 83% of Americans view the current state of the U.S. economy negatively with inflation being the biggest economic concern, while non-economic issues such as aspects of government or leadership cited as the leading problem by twice as many Americans.

The Social Security Administration will be depleted by 2033, resulting in a 23% benefit cut unless Congress takes action.

Italy has banned OpenAI's ChatGPT chatbot due to privacy concerns and lack of age verification, marking the first instance of a Western country blocking the chatbot, while experts call for a moratorium on advanced AI systems development.

China and Brazil have signed a deal to trade in their own currencies, bypassing the U.S. dollar as an intermediary, to reduce costs and promote bilateral trade.

Residents in western Michigan are concerned about the proposed construction of a $2.4 billion lithium-ion battery factory due to the Chinese firm Gotion Inc.'s ties to the Chinese Communist Party, as well as environmental impact and the loss of agricultural land.

The House of Representatives passed the 175-page "Lower Energy Costs Act," or H.R. 1.

Cal-Maine Foods, the largest U.S. egg producer, increased its revenue 109% while only selling 1% more eggs during the quarter ending February 25, 2023.