Business
Saigon Sentinel · Section
Markets, jobs, trade, and economic policy — including the small-business and entrepreneurship landscape for Vietnamese Americans.
- Business
Hyatt Chairman Thomas Pritzker resigns over ties to late financier Jeffrey Epstein
Thomas Pritzker has retired immediately as executive chairman of Hyatt Hotels Corp. following the disclosure of documents detailing his relationship with disgraced sex trafficker Jeffrey Epstein.…
- Business
Former Victoria's Secret boss testifies on Epstein ties, says he was 'naive'
WASHINGTON — Les Wexner, the former head of Victoria’s Secret, testified before a U.S. congressional committee Wednesday regarding his past relationship with convicted financier Jeffrey Epstein.…
- Business
Nvidia boosts Wall Street as investors weigh concerns over rising AI costs
U.S. stocks rose slightly Wednesday as gains in market heavyweight Nvidia pushed the S&P 500 closer to a record high. The S&P 500 climbed 0.6%, while the Dow Jones Industrial Average added 129 points, or 0.3%.…
- Business
China pins hopes on extended Lunar New Year holiday to boost slowing economy
Chinese officials expect this year’s unusually long Lunar New Year holiday to provide a much-needed boost to the economy, identifying increased domestic spending as a top priority.…
- Business
US used EV market booms as sales of new electric vehicles slump
WASHINGTON – Used electric vehicle sales in the United States surged during the final quarter of 2025, even as the new EV market slumped following the expiration of federal incentive programs.…
- Business
Millions of small firms, not state giants, form the backbone of China’s manufacturing
PARIS – China’s industrial dominance is driven by a massive, dense network of small businesses rather than the large, state-subsidized corporations often cited by Western observers.…
- Business
Warner Bros. opens Paramount talks, but Netflix merger remains top priority
NEW YORK — Warner Bros. Discovery’s board of directors will begin negotiations with Paramount Skydance to clarify the terms of a potential takeover bid, the company announced.…
- Business
EU launches formal investigation into Shein over illegal products and addictive design
BRUSSELS – The European Union has launched a formal investigation into Chinese retailer Shein over suspected violations of European law, including the sale of illegal products such as weapons and child-like sex dolls.…
- Business
AI ‘dark side’ fears spark Wall Street sell-off in software and transport stocks
A stock market sell-off initially targeting software stocks has expanded into the transportation sector as investors grow increasingly concerned about the economic impact of artificial intelligence.…
- Business
Pizza Hut to close 250 US locations as parent company weighs sale
Pizza Hut plans to close 250 underperforming restaurants across the United States during the first half of this year as parent company Yum Brands explores a potential sale of the chain.…
- Business
Trump seeks high home prices as study finds deregulation won't solve housing crisis
President Donald Trump has stated he wants home values to rise for current property owners, a position that appears to contradict his previous campaign pledge to slash the cost of new housing by half.…
- Business
High costs and federal dependence strain San Diego’s economy as inequality grows
SAN DIEGO — High housing costs and potential federal budget cuts will challenge San Diego’s economy in the coming year, though experts remain cautiously optimistic about the region's burgeoning AI industry and local soci…
- Business
Asian stocks hit record highs as Wall Street frets over delayed Fed rate cuts
Asian stock markets climbed to record levels Thursday, led by a technology sector surge that propelled benchmarks in Japan and South Korea to new heights.…
- Business
California’s economy picks up speed but remains near the national average
California’s economy expanded at an annual rate of 4.5% in the third quarter, its fastest pace of growth in more than two years, according to federal data.…
- Business
Washington Post names tech industry veteran as CEO following major layoffs
The Washington Post has named Jeff D’Onofrio as its new chief executive officer and publisher, effective immediately. D’Onofrio replaces William Lewis just days after the company executed mass layoffs that eliminated one…
- Business
US labor market cools as job openings hit five-year low and jobless claims rise
WASHINGTON — U.S. job openings fell to their lowest level in more than five years in December 2025, while downward revisions to previous data signaled a weakening labor market at year’s end.…
- Business
Bithumb’s $40 billion Bitcoin error triggers market panic and massive sell-off
SEOUL — South Korean cryptocurrency exchange Bithumb announced it will compensate users for losses incurred during a flash crash triggered by a massive clerical error that saw the platform accidentally distribute more th…
- Business
Dow Jones hits 50,000 for first time, powered by AI stock rally
NEW YORK — The Dow Jones Industrial Average surpassed the 50,000-point milestone for the first time in history Friday, fueled by surging technology valuations and optimism over potential interest rate cuts.…
- Business
Netflix CEO dismisses monopoly concerns over potential Warner Bros. deal
LOS ANGELES — Netflix Co-CEO Ted Sarandos said Saturday that he does not expect President Donald Trump to inappropriately interfere in the company’s proposed merger with Warner Bros., characterizing the deal as a standar…
- Business
Trump nominates Kevin Warsh to lead Fed, sparking central bank independence debate
WASHINGTON – President Donald Trump has nominated Kevin Warsh to serve as Chairman of the Federal Reserve, a move that signals a potential overhaul of the world’s most influential central bank.…