Allison Ellsworth is the co-founder of Poppi. Courtesy of Allison Ellsworth In 2015, Allison Ellsworth was in her kitchen experimenting with different gut-healthy drink recipes, trying to make apple cider vinegar taste good. Little did she know that the concoctions she was mixing would eventually become a billion dollar business. Today, the 38-year-old is the…
Western Alliance Bank signage is displayed on the company’s Headquarters in downtown Phoenix, Arizona, on April 27, 2023. Patrick T. Fallon | AFP | Getty Images When you can’t repay a bank loan, that’s distressing — but probably not for the bank. But when tens of thousands of people, who had good credit ratings, can’t,…
Activity on Elizabeth Street (at the intersection of Bourke St Mall), Melbourne on a cloudy day. Charlie Rogers | Moment | Getty Images Japan’s Nikkei 225 lost 1% in early trade, while the broad-based Topix fell 0.75%. South Korea’s Kospi dipped 0.48%, and the small-cap Kosdaq declined 0.13%. Hong Kong’s Hang Seng Index futures were…
The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC, U.S. J. David Ake | Getty Images News | Getty Images The U.S. budget deficit edged lower for 2025 as record-setting tariff collections helped offset what…
CEO of United Airline Scott Kirby speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty Images United Airlines CEO Scott Kirby said the federal government shutdown could hurt bookings if it continues. Despite the funding impasse, essential federal employees including Transportation Security…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images U.S. cybersecurity company F5 fell 12% on Thursday after disclosing a system breach in which a “highly sophisticated nation-state threat actor” gained long-term access to some systems. F5 shares were pacing for the worst day since April 27, 2022, when the stock fell 12.8%. The…
China on Thursday accused the U.S. of creating “panic” over Beijing’s controls on rare earth minerals, but indicated it is open to trade talks to resolve a dispute that has threatened to reignite a trade war between the world’s two largest economies. “The US interpretation seriously distorts and exaggerates China’s measures, deliberately creating unnecessary misunderstanding…
The Nio logo is seen at the Nio booth at the National Exhibition Center in Shanghai, China, on April 28, 2025, during the Shanghai Automobile Show 2025. Nurphoto | Nurphoto | Getty Images Hong Kong-listed shares of Nio plunged nearly 9% after Singapore’s sovereign wealth fund GIC sued the Chinese electric vehicle maker for allegedly…
Untere Schleuse wooden bridge in Thun, Switzerland. Education Images | Universal Images Group | Getty Images Switzerland’s government on Thursday cut its 2026 economic forecast for the country, citing the Trump administration’s punitive tariffs as a “heavy burden” on its industries. Officials held their forecast for the Swiss economy to expand by 1.3% this year,…
A Paypal logo is seen displayed on a smartphone next to cryptocurrency coins. Sopa Images | Lightrocket | Getty Images Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” Market watchers had spotted the enormous injection of the…
