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Blue Owl’s announcement came as part of a $1.4bn sale of credit assets across three of its funds © FT montage/Dreamstime Private credit group Blue Owl will permanently restrict investors from withdrawing their cash from its inaugural private retail debt fund, backtracking from an earlier plan to reopen to redemptions this quarter. The New York…

Bitcoin trading remained volatile on Thursday, rising to around $67,000 after briefly dipping near $65,900, as traders weighed a new message from U.S. President Donald Trump claiming the nation’s trade deficit has been cut by 78% thanks to tariffs and could turn positive later this year. “The United States trade deficit has been reduced by…

US President Donald Trump, centre, has increasingly sought to present the ‘Board of Peace’ as an alternative to the UN © Jonathan Ernst/Reuters JPMorgan Chase is in talks to provide banking services to the “Board of Peace”, the US-led institution tasked with rebuilding Gaza that Donald Trump is seeking to position as a rival to…

WASHINGTON (AP) — Tariffs paid by midsize U.S. businesses tripled over the course of past year, new research tied to one of America’s leading banks showed on Thursday — more evidence that President Donald Trump ‘s push to charge higher taxes on imports is causing economic disruption. The additional taxes have meant that companies that…

Federal Reserve Governor Michael S. Barr issued a stark warning on Tuesday regarding the potential trajectory of artificial intelligence, outlining a scenario where rapid technological advancement will create a “jobless boom” that leaves a significant portion of the population “essentially unemployable.” Speaking before the New York Association for Business Economics on Feb. 17, Barr discussed…

Parent Current By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, as amended (50 U.S.C. 4501 et seq.) (the “Act”), and section 301 of title 3, United States Code, it is hereby ordered: Section 1.  Policy and…

President Donald Trump speaks with reporters aboard Air Force One, Monday, Feb. 16, 2026, en route to Washington from West Palm Beach, Fla. (AP Photo/Matt Rourke) President Donald Trump’s Commodity Futures Trading Commission Chairman Brian Selig elicited a stern reply from Utah Governor Spencer Cox (R) this week when he promised to stop state governments…

787 Dreamliner operator places first Boeing single-aisle order as part of its growth strategy Versatile 737-8 jets will expand Vietnam’s short- and medium-haul network amid rising travel demand WASHINGTON, Feb. 18, 2026 /PRNewswire/ — Boeing [NYSE: BA] and Vietnam Airlines announced today the Vietnamese flag carrier finalized its first Boeing single-aisle order for 50 737…

Traders work on the floor of the New York Stock Exchange at the opening bell, Feb. 18, 2026. Angela Weiss | Afp | Getty Images Stocks fell on Thursday, leaving the S&P 500 near the flat line for the year, as investors shifted away from financials and monitored simmering tensions between the U.S. and Iran….

A survey of almost 6,000 corporate execs across the US, UK, Germany, and Australia found that more than 80 percent detect no discernible impact from AI on either employment or productivity. The study from the National Bureau of Economic Research (NBER) in Massachusetts is based on input from CFOs, CEOs, and executives at enterprises of…

New Brunswick, N.J. – FEBURARY 18, 2026 – Johnson & Johnson (NYSE: JNJ) (the “Company”), healthcare’s leading, most comprehensive innovation powerhouse, today announced a more than $1 billion investment in a next generation cell therapy manufacturing facility in Montgomery County, Pennsylvania. This new facility will further expand the Company’s U.S. manufacturing capacity as it advances…

A top White House economic official on Wednesday blasted independent research on tariffs, dismissing its findings as inaccurate and misleading. After the New York Federal Reserve released a blog post last week that found Americans are eating the supermajority (90%) of the cost of President Donald Trump’s tariffs, White House National Economic Council Director Kevin…

February 18, 2026 4:05pm EST Enhances eBay’s consumer-to-consumer (C2C) value proposition through addition of leading fashion marketplace with compelling complementary offering and deeply engaged Gen Z and Millennial customer base Etsy to focus exclusively on driving sustainable growth for its core marketplace SAN JOSE, Calif., and BROOKLYN, N.Y., February 18, 2026 — eBay Inc. (Nasdaq:…

The biggest car news and reviews, no BS Our free daily newsletter sends the stories that really matter directly to you, every weekday. Update: Wednesday, February 18, 2026 2:40 p.m. ET: A Scout Motors representative told The Drive that the company is still targeting “initial production” in 2027, but did not explicitly rule out the…

At their most recent meeting, Federal Reserve officials discussed scenarios in which an interest rate hike might be appropriate, according to minutes of it released Wednesday. “Several” Fed officials thought there was a “possibility that upward adjustments” to interest rates “could be appropriate” if inflation continues to track above 2%, as it has for nearly…

Zuckerberg repeatedly fell back on accusing Lanier of “mischaracterizing” his previous statements. When it came to emails, Zuckerberg typically objected based on how old the message was or his lack of familiarity with the Meta employees involved. “I don’t think so, no,” he replied when directed to clarify whether he knew Karina Newton, Instagram’s head…

The Food and Drug Administration (FDA) has missed a congressionally mandated deadline to publish a list of known cannabinoids as federal hemp laws are set to change later this year in a way that stakeholders argue will upend the existing market. As part of appropriations legislation that President Donald Trump signed last year, many hemp…

Microscoft’s glass storage method can store 4.8 terabytes of data.Credit: Microsoft Research Researchers at Microsoft have created a data-storage system that can remain readable for at least 10,000 years — and probably much longer. In the digital age, the need for data storage is ballooning. But current magnetic tapes and hard drives are ill-suited for…

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After nearly a decade away from the region, Boeing will return its defense headquarters to St. Louis. Boeing announced on Wednesday that it will shift its Defense, Space and Security headquarters back to the area after previously relocating to Chicago and then Arlington, Virginia, in 2022. St. Louis housed the headquarters from 1997 until 2017….

The grandson of the inventor of Reese’s Peanut Butter Cups has lashed out at The Hershey Co., accusing the candy company of hurting the Reese’s brand by shifting to cheaper ingredients in many products. Hershey acknowledges some recipe changes but said Wednesday that it was trying to meet consumer demand for innovation. High cocoa prices…

Rewind a few years, and large language models and generative artificial intelligence were barely on the public radar, let alone a catalyst for changing how we work and perform everyday tasks. Today, attention has shifted to the next evolution of generative AI: AI agents or agentic AI, a new breed of AI systems that are…

National Economic Council Director Kevin Hassett said Wednesday that researchers at the New York Federal Reserve who produced a study finding American businesses and consumers are shouldering 90% of the cost of President Donald Trump’s tariffs should be “disciplined.” “It’s, I think, the worst paper I’ve ever seen in the history of the Federal Reserve…

Brad Reese, the grandson of the inventor of Reese’s Peanut Butter Cups, is criticizing The Hershey Co. for “quietly replacing” the candy’s flagship chocolate and peanut butter ingredients. Reese claimed on LinkedIn last week that the company has replaced milk chocolate with compound coatings and peanut butter with peanut butter‑style crème across multiple Reese’s products,…

Donald Trump Jr. , left, and Eric Trump speak on CNBC’s “Squawk on the Street,” Feb. 18, 2026. CNBC Since the dollar was created in 1792, U.S. presidents and their families have generally been content with the status quo of effectively giving the national government a monopoly on issuing currency and outlawing the use of…

NEWARK, New Jersey (WABC) — Flights at Newark Liberty International Airport in New Jersey were temporarily suspended after engine failure forced a JetBlue flight to return to the airport and evacuate passengers via slides on Wednesday, according to officials. JetBlue Flight 543 took off from Newark heading to West Palm Beach around 5:45 p.m., and…

In this article EBAY ETSY Follow your favorite stocksCREATE FREE ACCOUNT The Etsy Inc. headquarters in the Brooklyn borough of New York on June 25, 2024. Victor J. Blue | Bloomberg | Getty Images Etsy shares skyrocketed more than 14% in extended trading on Wednesday after the company announced eBay would acquire its secondhand clothing…

Abstract Long-term preservation of digital information is vital for safeguarding the knowledge of humanity for future generations. Existing archival storage solutions, such as magnetic tapes and hard disk drives, suffer from limited media lifespans that render them unsuitable for long-term data retention1,2,3. Optical storage approaches, particularly laser writing in robust media such as glass, have…

Billionaire Meta CEO Mark Zuckerberg took the witness stand Wednesday at a landmark social media addiction trial in Los Angeles and flatly denied he sets marching orders to juice “time spent” on Meta’s platforms or lure kids under 13 as users. Under blistering examination from plaintiff’s attorney Mark Lanier, who called him as an adverse…

Newark Liberty International Airport reopened Wednesday evening after an aircraft emergency caused a ground stop, according to The Port Authority of New York and New Jersey. A plane had to be evacuated, prompting a temporary closure of the airport. Plane evacuated due to smoke in cockpit Port Authority said a JetBlue flight bound for Palm…

WASHINGTON (AP) — The Food and Drug Administration plans to drop its longtime standard of requiring two rigorous studies to win approval for new drugs, the latest change from Trump administration officials vowing to speed up the availability of certain medical products. Going forward, the FDA’s “default position” will be to require one study for…

Archival storage poses lots of challenges. We want media that is extremely dense and stable for centuries or more, and, ideally, doesn’t consume any energy when not being accessed. Lots of ideas have floated around—even DNA has been considered—but one of the simplest is to cut the data into glass. Many forms of glass are…

Houston police detained a passenger at Hobby Airport who was accused of causing an incident on board a Delta flight. HOUSTON — Houston police responded early Wednesday at William P. Hobby Airport after a reported disturbance involving a passenger on a Delta Air Lines flight bound for Atlanta. According to the Houston Police Department watch…