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Despite Trump’s claims that the U.S. is being cheated in trade deals, globalization continues to fuel growth here and abroad, lifting the economies and standards of living of nearly every nation on the planet. Donald Trump has used his first five months back in office to attack longtime allies like Canada, Mexico and the European Union, insisting the United States “will no longer tolerate being ripped off.” His posture with trade partners has been more competitive than collaborative, imposing or threatening heavy-handed tariffs under the pretense that they’re running up trade deficits to enrich themselves at Americans’ expense. He’s right…

Jim Chanos (left) speaks with Forbes editor Matt Schifrin on stage at the 2025 Forbes Iconoclast Summit.Jamel Toppin/Forbes When legendary investor Jim Chanos entered the stage at the 2025 Forbes Iconoclast Summit Thursday, he had a big smile on his face thanks to the very public feud that had erupted behind President Donald Trump and the world’s richest person, Tesla CEO Elon Musk. Chanos, who first shorted Tesla stock back in 2016, said of the spat: “Most predictable breakup ever.” With a long and successful track record of betting against overpriced or fraudulent companies, Chanos’ latest big short is used-car…

Noam Galai/Getty Images It has been a solid year for the banking industry, characterized by strong profitability, steady deposit growth and a continued rebound in investment banking fees and trading revenues. U.S.-based and Chinese banks once again dominate the 2025 Forbes Global 2000 list, which measures the world’s largest and most successful companies. Half of the top ten companies on the list are banks based in the United States or China. JPMorgan Chase claimed the top spot overall for the third year in a row, after rising from fourth place in 2022 following its acquisition of First Republic out of…

An Iranian oil refinery in the industrial Gulf port of Bandar Abbas. (Photo: Jamshid Bairami)AFP via Getty Images Oil prices surged past $70 per barrel on Friday, following heightened tensions in the Middle East as Israel struck Iran overnight with what the Jewish nation described as strategic strikes on Tehran’s nuclear capabilities and leadership. At 8:36 am EDT on Friday, the global proxy benchmark Brent’s Front Month Crude Oil futures contract was up 7.81%, or $5.42 to $74.78 per barrel, while the West Texas Intermediate Front Month contract traded at $73.81 per barrel, up 8.48% or $5.77. Prices were trading…

WASHINGTON, DC – SEPTEMBER 18: Federal Reserve Chairman Jerome Powell speaks during a news … More conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%. (Photo by Anna Moneymaker/Getty Images)Getty Images Markets expect the Federal Open Market Committee to cut rates between one and three times in 2025 from their current level of 4.25% to 4.5%.…

Pakistan beat Japan 3-2 in their second match of the FIH Hockey Nations Cup at Kuala Lumpur’s National Stadium on Monday. Ghazanfar Ali gave Pakistan the lead when he scored in the first quarter. Less than a minute later, Japan’s Kazumasa Matsumoto scored to level the field 1-1. Koji Yamasaki scored Japan’s second goal of the match within two minutes, bringing the score to 2-1. The second quarter saw the score remain steady, but vice-captain Waheed Ashraf Rana scored for Pakistan in the third quarter to tie the score at 2-2 once more. Sufyan Khan scored a decisive goal in…

Giant panda Bao Li chews on bamboo during his public debut at the Smithsonian’s National Zoo in Washington, U.S., January 24, 2025. Kevin Lamarque | ReutersHow much will it cost to visit a museum, zoo or aquarium this summer? The answer, increasingly, is: It depends.John Linehan can rattle off almost two dozen factors that Zoo New England’s dynamic pricing contractor, Digonex, uses to recommend what to charge guests.”It’s complicated,” said Linehan, president and CEO of the operator of the two zoos in eastern Massachusetts.Before adopting dynamic pricing, the organization was changing prices seasonally and increasing entry rates little by little. “As…

Olympic champion Arshad Nadeem was named in Forbes’ 30 Under 30 Asia list following his historic Olympic performance at the Paris 2024 Olympics, it emerged on Monday. The entertainment and sports list, which was originally published last month, aims to “[spotlight] the next generation of talent — on court and the screen.” Nadeem, 28, changed Pakistan’s sporting trajectory when he won gold and broke the Olympic record with a massive 92.97m throw in Paris — which Forbes called a “stunning show” — winning Pakistan’s first individual gold medal and the first of any colour in more than 30 years. His…

U.S. President Donald Trump looks on as Fed Chair Jerome Powell speaks at the White House in Washington on Nov. 2, 2017.Carlos Barria | ReutersPolitical pressure is mounting against the Federal Reserve Chair Jerome Powell, and yet the Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting this week.Despite a wave of recent attacks on Powell from President Donald Trump, futures market pricing is implying virtually no chance of an interest rate cut, according to the CME Group’s FedWatch gauge.The president has argued that maintaining a fed funds rate that is too high makes it harder for businesses and consumers to…

WASHINGTON, DC – SEPTEMBER 18: Federal Reserve Chairman Jerome Powell speaks during a news … More conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%. (Photo by Anna Moneymaker/Getty Images)Getty Images Markets expect the Federal Open Market Committee to cut rates between one and three times in 2025 from their current level of 4.25% to 4.5%.…