Business
Saigon Sentinel · Section
Markets, jobs, trade, and economic policy — including the small-business and entrepreneurship landscape for Vietnamese Americans.
- Business
Unilever sells food division to McCormick in 44.8 billion USD deal: As the global spice empire reshapes supply chains — and Vietnamese dinner tables
On March 31, 2026, Unilever — the British-Dutch conglomerate that owns everything from Dove soap to Knorr sauce — officially announced a merger agreement for its food division with McCormick, America's largest spice comp…
- Business
Sam Altman Admits AI Is Breaking the Labor-Capital Balance: When OpenAI's Boss Himself Is Stumped by the Problem He Created
On March 11, 2026, at BlackRock's Infrastructure Summit — the world's largest investment fund with approximately 11.5 trillion USD in assets under management — OpenAI CEO Sam Altman said something technology leaders typi…
- Business
From 'ISIS' to Gracie Mansion: Two Teenagers, Homemade Bombs, and the Dangerous Polarization Portrait of America 2026
On March 8, 2026, around midday, two teenagers from the Philadelphia suburbs drove into New York City with homemade bombs in their car trunk.…
- Business
Nobel Economist Stiglitz Warns: AI Bubble Set to Burst, Prepare
Beyond the financial fallout, Stiglitz highlights the critical lack of U.S. worker retraining infrastructure. He argues that the nation is dangerously unprepared for the mass displacement that will inevitably follow once…
- Business
Iran Conflict Sends Oil Prices Soaring, Threatening US Inflation and Economy
The potential blockade of the Strait of Hormuz poses a significant challenge for the Federal Reserve. If the conflict persists, global energy markets face a major supply shock, forcing the Fed to reconsider its monetary …
- Business
Dow Loses Nearly 800 Points, Oil Prices Surge: How the Iran War is Rewriting the Global Economic Script
On March 5, 2026, the Dow Jones Industrial Average plunged 785 points—a 1.6% drop—in a trading session where it briefly lost over 1,000 points before recovering slightly by day's end.…
- Business
Paramount-Warner Bros' $110 Billion Merger Could Still Be Blocked
Paramount Skydance has spent $110 billion to acquire all of Warner Bros. Discovery, beating out Netflix. CEO David Ellison is confident the deal will overcome legal hurdles.…
- Business
Anthropic CFO Must Sell AI Company Labeled 'Risk' by Pentagon
AI startup Anthropic is in a standoff with the Pentagon after rejecting a $200 million contract. The company demanded restrictions on the use of AI in domestic surveillance or fully autonomous weapons. The U.S.…
- Business
Russia accuses US of 'armed invasion' of Iran: A comprehensive analysis of the crisis shaking the world order and its impact on the Vietnamese community
On February 28, 2026, the world awoke to news that many analysts had long feared but few were truly prepared for: the United States and Israel launched a coordinated, large-scale military attack on Iran, and Supreme Lead…
- Business
Russia Condemns U.S. 'Premeditated Armed Attack' on Iran After Airstrikes
Russia on Saturday called U.S. and Israeli attacks on Iran a 'premeditated and unprovoked armed aggression against a sovereign state.' The Russian Foreign Ministry accused Washington and Tel Aviv of using Iran's nuclear …
- Business
Hotter-than-expected US wholesale inflation ramps up pressure on the Fed
WASHINGTON – U.S. wholesale prices rose faster than expected in January, fueled by a jump in service costs and heightening concerns that inflation remains persistent.…
- Business
World Economic Forum president resigns over ties to Jeffrey Epstein
GENEVA — Børge Brende, the president of the World Economic Forum (WEF), has resigned following intense scrutiny over his past association with disgraced financier Jeffrey Epstein.…
- Business
Trump administration threatens wartime powers to force AI firm Anthropic into military partnership
NEW YORK — Defense Secretary Pete Hegseth issued an ultimatum to artificial intelligence company Anthropic this week, demanding the firm grant the military unrestricted access to its technology by Friday or risk losing i…
- Business
Russia launches criminal investigation into Telegram founder Pavel Durov
MOSCOW — Telegram founder Pavel Durov said Tuesday that the Russian government has launched a criminal investigation against him on charges of "supporting terrorism." Durov, who was born in Russia and began his career th…
- Business
Meta strikes deal for AMD AI chips to reduce reliance on Nvidia
NEW YORK – Meta Platforms has reached a massive agreement to purchase artificial intelligence chips from Advanced Micro Devices in a deal that could be worth more than $100 billion.…
- Business
Vivint Solar to pay $4.3 million to settle California customer deception claims
Vivint Solar has agreed to a $4.3 million settlement with district attorneys’ offices in five California counties, including San Diego, to resolve allegations of deceptive marketing and misleading contract terms.…
- Business
Asos co-founder dies after falling from apartment building in Thailand
PATTAYA, Thailand — Quentin Griffiths, a co-founder of the British online fashion giant Asos, died after falling from the 17th floor of an apartment building in the resort city of Pattaya on Feb. 9. He was 58.…