Leo Sterling, US Economy Correspondent

US Economy Correspondent for The Update Desk. Specializing in US news and in-depth analysis.
697 Articles

Murdoch’s News Corp Launches The California Post, Targeting West Coast Audience

In a bold move that underscores its aspirations for national influence, News…

Costco Faces Class-Action Lawsuit Over Rotisserie Chicken Claims

Costco Wholesale Corporation is under fire as a proposed class-action lawsuit accuses…

Founder of First Brands Faces Fraud Charges Following Company Bankruptcy

** In a significant turn of events, Patrick James, the former CEO…

Prominent Vatican Journalist John L. Allen Jr. Passes Away at 61

** John L. Allen Jr., a distinguished journalist renowned for his deep…

Complexities Surrounding New SNAP Regulations Leave Consumers and Retailers in a Bind

Recent changes to the Supplemental Nutrition Assistance Program (SNAP) have introduced a…

U.S. Trade Deficit Widens Again Amid Tariff-Induced Fluctuations

The U.S. trade deficit has surged back in November, reversing a trend…

U.S. Trade Deficit Rebounds Amid Tariff Turbulence

The U.S. trade deficit surged in November, reversing a trend of contraction…

Investors Tread Carefully Amidst Heavy AI Investments by Tech Giants

** As technology behemoths like Microsoft and Meta continue to pour substantial…

Lukoil Offloads International Ventures to Carlyle Amid Sanctions Pressure

In a significant development for the global energy market, Russian oil giant…

Rug Manufacturer Faces Inventory Crisis as Tariff Challenges Resurface

Loloi, a prominent player in the rug manufacturing industry, successfully navigated the…

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