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Last year, five people hoping to view the Titanic wreckage died when their submersible imploded in the Atlantic Ocean

The owner of the shuttered Three Mile Island nuclear power plant says it plans to restart the reactor under a 20-year agreement that calls for tech giant Microsoft to buy the power to supply its data centers

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Kamala Harris nor Donald Trump has a decisive edge with the public on the economy, turning an issue that was once a clear strength for Trump into the equivalent of a political jump ball. About 4 in 10 registered voters say Republican Trump would do a better job handling the economy, while a similar number say that about the Democratic vice president, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. About 1 in 10 voters don't trust either candidate, and a similar share has equal faith in them. The finding is a warning sign for Trump, who has tried to link Harris to President Joe Biden's economic track record. The new poll suggests that Harris may be escaping some of the president's baggage on the issue, undercutting what was previously one of Trump's major advantages.

Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales from higher-priced deliveries. FedEx, seen as a global trade barometer, is potentially losing nearly $11 billion in market value, and has also dragged down its rivals UPS and DHL shares, as the shipping industry deals with sluggish demand and bloated costs.

Warren Buffett’s continued disposals of Bank of America Corp. shares have now covered the billionaire’s investment cost, leaving him with a more than US$34 billion stake that’s pure profit.

With both the federal NDP and B.C.’s NDP government backing away from support for the carbon tax, it is time to pronounce the tax politically dead in Canada, with precise funeral arrangements to be made after the next federal election. Conservative governments across Canada have long opposed a carbon tax, and federal leader Pierre Poilievre is anxious to fight the next election on the issue. But now even Liberal support is flagging, with Newfoundland’s Liberal government attacking the tax as too costly for households. The federal Liberals themselves acknowledged the tax was a problem when they provided a carve-out for home heating oil, which is heavily used in Atlantic Canada.

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Consumers may feel their medical bills are unyielding, inflexible, set in stone. But that's not always true: A new study shows patients can often reap financial benefits by disputing charges that seem erroneous or by negotiating for financial relief.

Subscribe to enjoy similar stories. China’s weak consumer economy has claimed another victim: luxury cars. Mercedes-Benz late Thursday became the second luxury carmaker in as many weeks to cut its earnings guidance for the year.

Subscribe to enjoy similar stories. A deal between Constellation Energy and Microsoft will restart Pennsylvania’s Three Mile Island, the site of the country’s worst nuclear accident, to help power the tech giant’s growing artificial intelligence ambitions. Under the agreement, Constellation would revive the plant’s undamaged reactor, which was too costly to run and closed in 2019, and sell the power to Microsoft.

Subscribe to enjoy similar stories. Data centers’ squat, industrial aesthetic is getting a vertical and visual upgrade, driven by artificial intelligence-fueled demands for computing power, as well as geographic necessity. A movement of data centers from the boonies to the burgs has led operators to reconsider the windowless, prison-like look that has defined data-center design for decades, resulting in projects more pleasing to the eye from street level.

Subscribe to enjoy similar stories. A price battle has broken out in the hot market for weight-loss drugs. Eli Lilly and Novo Nordisk, the pharmaceutical heavyweights selling the popular injections, are each dangling discounts to gain an edge and to induce health plans to pay up.

Subscribe to enjoy similar stories. The Street is excited about NTPC Green Energy’s recent announcement of an initial public offering (IPO), but industry experts said a better track record on executing projects would have offered investors more comfort. The equity fund manager of a large mutual fund house, who did not wish to be named, told Mint, “Right now, NTPC Green is this large public entity which plans to have 60GW of renewable energy capacity by FY32.

Subscribe to enjoy similar stories. The Federal Reserve’s interest-rate cut on Wednesday will take time to work its way through the American economy. And not everyone will feel its effects right away.

Karnataka who do not have High-Security Registration Plates (HSRP) on their vehicles will soon face penalties ranging from Rs 500 to Rs 1,000. Transport Minister Ramalinga Reddy said that enforcement of this rule will begin in early October, around 15 days from now. HSRP numbers have been installed in just 53 lakh vehicles out of the over 2 crore older vehicles in the state. The Karnataka Transport Department issued a notification in August 2023, making HSRP mandatory for vehicles registered before April 1, 2019. Initially, a three-month deadline was set, but due to a lack of response from vehicle owners and other factors like the Lok Sabha elections, the deadline was extended multiple times. The issue also reached the Karnataka High Court, and the last deadline was set for September 15. «While adjourning the case for hearing recently, the HC did not give any direction on further extending the deadline for the installation of HSRP. Instead of immediately imposing a penalty, the department would give 15 days' time for the motorists to follow the rule; thereafter, the enforcement activities will start (in early October),» said Minister Reddy.

Punjab and the Centre in the Supreme Court, which raises a broader issue: whether state legislation that raises fees for foodgrain procurement under central PDS schemes is binding on the Union government. Punjab raised the levy to 6% of the minimum support price (MSP) for all foodgrains procured from the state, while the Centre agreed to reimburse only 2% of this levy, a standard rate applied across all states, to cover procurement costs. This state levy, reimbursed by Centre to states, is over and above the cost of foodgrains it pays to states. These foodgrains are distributed free or at subsidised prices to weaker and vulnerable sections of society under the Pradhan Mantri Garib Kalyan Anna Yojana, Antyodaya and Targeted Public Distribution System.

palm oil production is likely to triple in six years as the area under oil palm plantations increases and as plantations become mature for harvesting, a senior industry official said on Friday. The world's biggest edible oil importer relies on Indonesia, Malaysia and Thailand for palm oil supplies. An increase in production will help India slash edible oil imports that account for nearly two-thirds of its total consumption. India's palm oil production is likely to jump to 1.2 to 1.5 million metric tons by 2030-31 from the current 400,000 tons, as farmers have been expanding the area, said Sougata Niyogi, chief executive officer of the oil palm plantation division at India's biggest palm oil producer, Godrej Agrovet Ltd.

wealthy individuals warning that the change will cause an exodus of the super-rich. A survey this month showed that abolition could cost the country almost £1 billion ($1.3 billion) in lost revenue rather than the £3 billion boost initially predicted. Anecdotal evidence suggests some financiers are already heading to the more tax-friendly climes of Dubai, Switzerland or Italy. Even so, the concerns may prove overstated. People who live in the UK but who can plausibly claim somewhere else is their permanent home, or domicile, may opt for a special tax treatment known as the “remittance basis,” which exempts them from paying anything on foreign income or capital gains unless these are brought into the country. Until now, non-domiciled individuals have also been exempt from inheritance tax on their overseas wealth, whereas UK-domiciled residents are liable to pay a rate of 40% (after allowances) on their worldwide assets. It’s a system that confers significant tax benefits, which become more lucrative the wealthier you are. It’s also an anachronism that should have been scrapped long ago. The origins of the non-dom regime stretch back to 1799, when Prime Minister William Pitt the Younger imposed the first income tax to finance the Napoleonic Wars. It was intended as a deferral for colonial plantation owners, who would be taxed on the income from sugar, tobacco and cotton shipments only when they received the funds. That evolved later into an exemption.

Mumbai Metro Rail Corporation Ltd (MMRCL) is set to inaugurate the city's first underground metro line Phase I of the Metro 3 corridor, covering the Aarey-Bandra Kurla Complex (BKC) stretch, in the first week of October. The project, which has cost approximately RS 38,000 crore, aims to facilitate easier long-distance travel for commuters. Prime Minister Narendra Modi will officially open the 12km stretch, which includes 10 stations.