BUSINESS

Astronauts who traveled to the International Space Station on Boeing's Starliner spacecraft will return to Earth on a vessel made by upstart rival SpaceX -- a major embarrassment for the legacy aerospace giant

Boeing's Rescue By Rival SpaceX 'Embarrassing' And Ill-timed

SpaceX is coming to Boeing's rescue. Because of problems with Boeing's Starliner spacecraft, two astronauts who rode on it to the International Space Station in June will finally return to Earth on a vessel built by Elon Musk's SpaceX. NASA's announcement Saturday of that plan represents a blow -- even a humiliation -- for Boeing, a historic partner of the American space agency.
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Pro-Palestinian protesters march in Chicago during the Democratic National Convention

Harris Pitches Muscular Foreign Policy, And Nuance On Gaza

Kamala Harris is making her pitch to voters as a muscular defender of US interests while aiming for nuance on the painful issue of Gaza -- hoping to cover vulnerabilities and to paint Republican Donald Trump as the more risky candidate on national security.
Shares in Alibaba have plunged since China began a crackdown on the tech sector four years ago

Alibaba To Upgrade Hong Kong Listing Amid Profit Drop

Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm.
Traders are hoping Federal Reserve chief Jerome Powell signals an interest rate cut in his speech at Jackson Hole

Asian Stocks Slip With Wall St Ahead Of Powell, Yen Rises

Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.
Map of Iceland locating the town of Grindavik, near where a new volcanic eruption occurred on August 22.

Volcano Erupts In Iceland, Sixth Since December

A new volcano erupted on the Reykjanes peninsula in southwestern Iceland late Thursday, spewing hot lava into the air in the sixth eruption to hit the region since December, authorities said.
The Fed has held its benchamrk lending rate at a two-decade high for the past year

US Fed Chair Expected To Signal Support For Rate Cuts

US Federal Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates ahead of next month's rate decision.
Minnesota Governor Tim Walz accepting the Democratic vice presidential nomination

Harris To Take Star Turn At Democratic Convention

Kamala Harris is poised to deliver the biggest speech of her political life on Thursday as she accepts the Democratic presidential nomination in Chicago after a historic turnaround in the 2024 White House race.

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