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Business
Boeing secures $8.6B contract to build fighter jets for Israel's Air Force
Boeing was awarded a nearly $8.6 billion contract to build 25 new F-15A aircraft for the Israeli Air Force, according to the Pentagon. The contract was secured as part of the…
Further rate cuts in question as Fed policymakers deeply divided over December cut, minutes show
Federal Reserve policymakers were deeply divided over the decision to cut interest rates at their meeting in December as the U.S. economy faces a challenging combination of…
Steak ’n Shake touts $2.50 ‘Patriot Milkshake’ to honor America's semiquincentennial
Steak ’n Shake is offering a $2.50 "Patriot Milkshake" throughout January, promoting the discount as an early nod to America’s 250th anniversary, according to a post from the…
FirstFT: Asia’s wealthy shift assets to Switzerland
Good morning and welcome back to FirstFT Asia — the final edition of 2025. This newsletter will be off the rest of the week, but will return to your inbox on Monday, January 5. I…
Renting vs buying: What's the better option in the current economy?
Renting still offers significant monthly savings over buying in most of the country, but an economist says the long-standing affordability gap is gradually starting to close.…
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Elon Musk calls himself a 'maker,' slamming politicians like Bernie Sanders: 'They take'
Billionaire business tycoon Elon Musk described himself as a "maker" in a Tuesday post on X, while reasserting his claim that Sen. Bernie Sanders, I-Vt., is a taker. "My Tesla…
IRS hands workers bigger tax break for business expenses in 2026
People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) announced this week that the…
US fusion strategy stuck in past as China moves ahead, CEO warns
During the Cold War, the U.S. and the Soviet Union competed across nearly every arena, including space. The rivalry shifted dramatically on Oct. 4, 1957, when the U.S.S.R.…
Trump calls Fed chair Powell a 'fool,' threatens lawsuit over headquarters renovation
President Donald Trump on Monday launched a renewed attack on Federal Reserve Chair Jerome Powell, accusing Powell of "gross incompetence" and threatening to sue him over the…