Financial Correspondent
Catherine Chen covers finance, Wall Street, and the global economy with a focus on business strategy. A former financial analyst turned journalist, she translates complex economic data into clear, actionable reporting. Her coverage spans Federal Reserve policy, cryptocurrency markets, and international trade.
Paramount Global CEO Jeff Shell resigned after an external review found no securities violations in his dispute with Las Vegas businessman Robert Cipriani. Shell’s departure follows an $111 billion Warner Bros. Discovery merger.
On Nantucket and Martha’s Vineyard, nearly every active home listing costs at least $1 million. These elite coastal and resort markets now define the new American luxury standard, where scarcity, exclusivity, and prime locations drive prices well beyond national norms.
Wall Street analyst Dan Ives of Wedbush projects Palantir (PLTR) could surge 50% to $230/share. The AI software giant’s 82% commercial revenue growth and 60% government revenue jump fuel optimism, but valuation fears loom large.
Anthropic’s new AI cybersecurity initiative, Project Glasswing, has used its frontier model Claude Mythos to detect thousands of zero-day vulnerabilities in major systems. The company, alongside tech giants like Amazon, Apple, and Microsoft, is deploying the model to preempt AI-driven cyber threats.
CK Hutchison’s Panama Ports Company initiated arbitration against Maersk, alleging the Danish logistics giant schemed to replace its canal operations. The dispute follows Panama’s seizure of two critical ports, escalating a geopolitical and commercial conflict.
Global markets surged Wednesday as President Donald Trump announced a two-week suspension of planned U.S. strikes on Iran, contingent on Tehran opening the Strait of Hormuz. South Korea's Kospi led gains with a 7% rally, while oil prices collapsed over 16% after Iran agreed to cease defensive operat
The Dow Jones Industrial Average surged 1,325 points after President Trump announced a two-week Iran ceasefire, lifting the S&P 500 and Nasdaq. Oil prices plummeted, while market optimism grew over potential Fed rate cuts.
General Motors is reviving the Chevrolet Camaro on the redesigned Cadillac CT5’s platform, debuting by 2027 alongside a rear-drive Buick sedan. The move signals a strategy to bolster GM’s performance lineup amid rising demand for traditional muscle cars and shifting industry trends.
PepsiCo’s Frito-Lay unit cut chip prices 15% after aggressive pandemic-era hikes—like a 50% jump in Doritos costs—cost the company $50B in market value. The reversal follows activist investor pressure and shrinking consumer demand.
AI lab Anthropic tripled its compute agreement with Google and Broadcom, securing 3.5 gigawatts of capacity by 2027 to meet soaring demand for its Claude models. The expansion aligns with Anthropic's $50B U.S. infrastructure push as its annual revenue surged from $9B to $30B in months.
President Trump’s Tuesday deadline warning to Iran over its nuclear program threatens to disrupt 20% of global oil supply via the Strait of Hormuz. Aerospace and defense firm Lockheed Martin and LNG exporter Venture Global emerge as key beneficiaries.
Delta Air Lines increased checked bag fees by $10 to $45 for the first bag, effective April 8, joining JetBlue and United in passing fuel cost spikes to travelers.
Jet fuel prices in the U.S. have nearly doubled since the U.S. and Israel attacked Iran in late February, rising from $2.50 to $4.88 per gallon. Airlines warn of potential flight cuts, especially on international routes, as refining capacity and supply chains face growing strain.
Rivian’s highly anticipated R2 SUV achieves 335 miles of EPA-certified range with 21-inch wheels, while all-terrain tires cut range to 314 miles. Leaked EPA documents reveal battery specs, charging speeds, and trim details ahead of 2026 launch.
Wendy's marks the NCAA® Division I Men's Basketball National Championship with a free Small Fry and Frosty offer. On April 7, fans can claim the promotion at U.S. locations only, celebrating a partnership that blends sports and fast food.
Crude oil prices climbed Tuesday after President Donald Trump reiterated threats to strike Iran’s infrastructure unless the Strait of Hormuz reopened by 8 p.m. ET. U.S. crude rose 0.5% to $112.95 per barrel, while Brent crude dipped slightly amid escalating tensions.
U.S. stocks ended Tuesday’s session mixed as investors weighed geopolitical tensions in the Middle East and corporate earnings. The S&P 500 edged 0.08% higher, while oil prices surged on Iran conflict risks. Apple dropped 4% over foldable iPhone delays.
OpenAI released a 13-page policy paper outlining its vision for navigating the AI superintelligence era, proposing radical economic and labor reforms. Critics question whether the tech giant’s motives are altruistic or strategic as debate intensifies over its influence on global AI governance.
On March 31, North Korean state-sponsored hackers hijacked the widely used Axios open source project after a two-week social engineering campaign against its maintainer. The attack exposed thousands of systems to credential theft before the malicious packages were pulled.
From midcentury furniture to rare china, vintage items in your grandma’s living room could be worth thousands—or even millions. Discover 21 everyday heirlooms hiding in plain sight that collectors crave.