Economy

Supreme Court rejects Florida's bid to sue Western states over truck licenses for immigrants

The Supreme Court has rejected Florida’s long shot attempt to sue California and Washington over the issuance of commercial driver licenses to truckers who don’t speak English and are not authorized to be in the United States

PayPal’s online checkout empire is under siege as rivals squeeze its core business

PayPal, a pioneer in online payments, is facing significant challenges nearly three decades after its inception

Governments worldwide shield households from rising energy costs

Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran. 

California’s salmon fishery is reopening after a population crash led to a 3-year closure, but that doesn’t mean all is well

Salmon have faced a boom-bust cycle for years. Making their recovery last longer will require some big changes, including how hatcheries produce fish.

The US is seeing stronger storms, so why are droughts getting worse?

Even though annual precipitation is rising nationally, the landscape is drying out more rapidly. That’s changing the water cycle.

From the San Luis Valley to Vail, Latino labor powers every sector of Colorado’s economy

Latinos were the first Coloradans, and yet they are portrayed by the administration as intruders in an era of immigration enforcement.

Releasing cool water protects fish in the Grand Canyon. That comes at cost to hydropower

Federal officials are considering cool water releases for the third consecutive year at Glen Canyon Dam in Northern Arizona this summer to safeguard the humpback chub, a federally protected fish

Firebrand PM's ouster complicates Senegal IMF talks, heightens bondholder risk

Senegalese President Bassirou Diomaye Faye's dismissal of a government headed by a firebrand critic of the International Monetary Fund gives fresh

As Fed leashes bank examiners, Wall Street pushes for more wins, sources say

Wall Street banks are pushing the Federal Reserve behind the scenes to cement its new supervisory regime so the changes cannot easily be reversed by

Advent, ADIA-backed gas engine maker Innio targets $20.3 billion valuation in US IPO

Gas engine manufacturer Innio said on Tuesday it was targeting a valuation of up to $20.25 billion in a U.S. initial public offering, as it looks to tap investor appetite for

Russian business to Putin: we need heavier weapons for drone defence

Russian companies are ready to finance the purchase of heavier weapons and electronic systems to defend their plants from drone attacks, Alexander Shokhin, head of Russia's

India's fifth spot in global market cap list under threat as Taiwan closes in

India's position as the fifth-largest global market by capitalisation is under threat as Taiwan closes in on the South Asian nation's spot,

I Squared bets on AI inference with $225 million data center buy from Cogent

Investment manager I Squared Capital on Tuesday said that it has bought 10 data center facilities from Cogent Fiber for $225 million in cash, marking its latest bet on AI

Applied Aerospace & Defense eyes $3.59 billion valuation in US IPO

Private equity-backed government contractor Applied Aerospace & Defense is targeting a valuation of up to $3.59 billion in ​its U.S. initial public offering, as defense firms tap

Your bank’s AI just blocked your payment – what can you do?

AI is now the machine deciding whether your payment goes through. And when it makes a mistake, the system isn’t designed to tell you why.

Search continues for 7 villagers trapped in a flooded cave in Laos

A search operation for seven villagers trapped inside a flooded cave in central Laos has entered its seventh day as rescuers encounter difficult terrain and weather in their bid to reach the group

Iran war dims hopes for German economic recovery, surveys show

The war in Iran is choking off hopes of an economic recovery in Germany that had emerged at the beginning of the year, with businesses assessing their situation as

Honeywell's Quantinuum targets $12.7 billion valuation in US IPO

Honeywell's Quantinuum is targeting a valuation of up to $12.7 billion in its U.S. initial public offering, it said on Tuesday, as it looks to capitalize on heightened investor

Is your cautious retirement spending doing more harm than good?

When we were children, it was common to be afraid of the boogeyman

Australia's Element 25 reviews US project as it looks to renegotiate GM, Stellantis contracts

Manganese producer Element 25 said on Tuesday it is reviewing its project execution plan for the production of high-purity manganese sulphate monohydrate (HPMSM) in Louisiana, U.S.,

Wrong sort of 'boom' to start the week

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets After a long weekend in the United States and many other countries,

Big Tobacco comes out on top after US FDA shake-up

The U.S.

UK CBI retail data recovers from record low, consumer demand still weak

British retailers reported lower sales in May against a backdrop of weak demand, but not the record downturn they had reported a month earlier, according to figures released

How Trump's bank regulators are paring back supervision

Republican President Trump's regulators are undertaking the biggest overhaul of bank supervision since the 2008 financial crisis.

Ireland to ban goods from Israeli settlements in West Bank by July

Ireland aims to pass a law curbing goods trade with settlements in the Israeli-occupied West Bank by mid-July with Israel, some U.S. lawmakers and business groups opposing

Near record highs, stocks face fresh test from bond yields

Near record highs, stocks face fresh test from bond yields

Japan keeps view economy recovering but warns risk from Middle East

Japan's government retained its assessment in May that the economy was recovering moderately, while warning that tensions in the Middle East and fluctuations in financial

Euro zone may face pockets of stress from private credit, not systemic risk: ECB

The euro zone is not facing systemic risk from the recent turbulence in private credit markets but a few pockets of the financial system are exposed and some tension may

OpenAI's Altman says AI unlikely to lead to 'jobs apocalypse'

OpenAI CEO Sam Altman said on Tuesday the rapid development and adoption of AI would not lead to a global "jobs apocalypse" and the technology had not

European equities slip as US strikes on Iran cloud peace prospects

European shares slipped on Tuesday as doubts over the prospects of a deal to end the conflict with Iran weighed on sentiment after the U.S.

April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows

Shipments of foreign-branded mobile phones in China for April, including Apple's iPhones, were up 1.8% from the same month last year, Reuters calculations based on data

ECB to revise inflation, growth forecasts, its chief economist says

The European Central Bank will likely revise its inflation and growth forecasts next month reflecting the darkening outlook from the Middle East conflict, its chief economist

Quad ministers announce new Indo-Pacific initiatives on maritime security and energy

Australia, India, Japan and the United States have agreed new initiatives for maritime security, critical minerals, port infrastructure, and energy security to boost cooperation in the Indo-Pacific region amid concerns about China's influence

A year after glacier collapse, Blatten residents rebuild lives in Swiss Alps

Hotel Momentum stands above Switzerland's Loetschen Valley as a symbol of recovery, a year after a

UK shop price inflation picks up, retailers ask government to help

British shop price inflation sped up in May on the back of disruption and higher energy costs caused by the Iran war, according to a retail industry group which said the

South Korea to step up monitoring of investments in overseas private debt

South Korea will step up monitoring investments by domestic pension funds and banks in overseas private debt, the country's financial watchdog said on Tuesday, as regulators

A warning to critical minerals buyers: avoid butter mountains, aluminium floods

Western governments, currently ploughing tens of billions of dollars into critical minerals in an effort to break their reliance on China, could look to

Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation

Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, and

China says QUAD cooperation should not target third party

China on Tuesday reiterated its stance on the Australia-India-Japan-US Quad group, saying cooperation between countries should contribute to regional peace, stability and

Samsung consumer electronics union asks court to block vote on pay deal

A Samsung Electronics' union

Exchange operator ASX sinks most in 26 years as tech revamp swells costs

Australian stock exchange operator ASX Ltd on Tuesday warned of a sharp rise in 2027 spending for technology upgrades and new product

Australia-India-Japan-US Quad to build a port, unveil pact on critical minerals

The foreign ministers of Australia, India, Japan and the U.S. agreed to jointly build a port in Fiji and signed pacts

ECB should raise rates in June, even if Iran peace deal is struck, Schnabel says

The ECB should raise interest rates in June, even if ongoing peace talks with Iran yield a deal, as the conflict has been far longer

BOJ's new trend gauge shows inflation exceeding target

Japan's core inflation as measured by a new central bank gauge accelerated in April and blew past its 2% target, data showed on Tuesday, helping make the case

Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis

Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in four years, as

Peace talks hit turbulence

A look at the day ahead in European and global markets from Rae Wee Oil prices climbed on Tuesday, after the U.S. military conducted strikes in southern Iran in what it described as defensive actions,

China, Pakistan aim to revamp economic corridor, Gwadar port

China and Pakistan have reached a "new broad consensus" on deepening strategic ties to beef up development of a joint economic corridor and establish the

Democrats feud over stock trading as they sharpen anti-corruption case against Trump

Democrats are increasingly critiquing each other over their personal stock trades as the party looks to hone its anti-corruption message against President Donald Trump in the midterm elections

BOJ's Himino says Mideast developments will factor into rate decision

Bank of Japan Deputy Governor Ryozo Himino said the central bank will consider the timing and pace of interest rate hikes with an eye on the fallout from

US military says it carried out 'self-defense' strikes in Iran, including on missile launch sites

The U_S_ military said Monday that it carried out “self-defense” strikes in southern Iran, including on missile launch sites and boats placing mines, even as President Donald Trump said on social media that negotiations were “proceeding nicely.”

South Korea's central bank to hold key rate on May 28, hikes expected from Q3

South Korea's central bank will keep its key policy rate unchanged at a review on Thursday, according to economists in a Reuters poll, and a majority of

Russia's Putin provides debt relief to new Ukraine war recruits and their families

Russian President Vladimir Putin has signed a decree providing debt relief to new Ukraine war recruits and their families, the Kremlin said late on Monday, adding to support tools

SpaceX debut draws a crowd, but few recent hot IPOs outpace the market

Wall Street is abuzz with next month's expected blockbuster debut of Elon Musk's rocket and satellite maker ​SpaceX, but few of the biggest IPOs in recent years

Samsung's non-chip union files injunction in bid to stop vote on bonuses, media reports

A Samsung Electronics' union representing workers in non-semiconductor divisions has filed an injunction with a South Korean court in a bid to stop an ongoing vote by workers

Japan slips to third-largest creditor behind China despite record net external assets

Japan fell behind China to rank as the world's third-largest net creditor in 2025, marking a further decline in global rankings despite its net external

US launches fresh strikes on Iran as talks to end war proceed

U.S. forces on Monday conducted strikes in southern Iran against targets including boats attempting to lay mines and missile

India's trade minister says visit by Canada's Carney reset ties after 2023 killing of Sikh activist

India's trade minister says that Canadian Prime Minister Mark Carney’s recent visit to India has helped pave the way for a complete reset of Canada-India relations

Atlanta metro downpour leads to massive fish kill on the Chattahoochee River

Atlanta metro downpour leads to massive fish kill on the Chattahoochee River

Senegal's Faye names economist Lo as new prime minister

Senegal President Bassirou Diomaye Faye named a seasoned economist as prime minister on Monday, three days after dismissing

Carney says Alberta vote on separation could become 'dangerous bluff'

Canadian Prime Minister Mark Carney said on Monday that Alberta's planned vote on potentially breaking away from the rest of Canada, while not binding,

Stocks jump while oil and dollar ease on Iran peace hopes

Stocks surged and the U.S. dollar and oil prices slid on Monday as the prospect of a deal to end the Iran war buoyed risk

Iran would open Strait of Hormuz 30 days after peace deal, Nikkei reports citing source

The U.S. and Iran are discussing a plan to open the Strait of Hormuz about 30 days after the two countries reach a deal to end hostilities, the Nikkei newspaper reported on Monday

Oil tumbles nearly 7% as US and Iran seen moving closer to deal

Oil prices fell nearly 7% on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of

Pope calls for robust regulation of AI in manifesto that ponders the future of humanity

Pope Leo XIV has called for robust regulation of artificial intelligence and for its developers to work for the common good rather than profit

Korean War veteran laid to rest in Pittsburgh 76 years after his death

Korean War veteran laid to rest in Pittsburgh 76 years after his death

Cat café says delivery mix-up led to $2,600 in lost donations

Cat café says delivery mix-up led to $2,600 in lost donations

Man says he tried to return a $20,000 IRS error — then got charged interest

Man says he tried to return a $20,000 IRS error — then got charged interest

Nigeria economic growth slows slightly in first quarter

Nigeria's economy grew 3.89% year-on-year in the first quarter of 2026, down slightly from the final quarter of last year's 4.07% growth rate, official data showed on Monday.

Target pushes deeper AI adoption, reviews usage‑based pricing, India head says

Target is moving from "using AI to running on AI," but a shift in the pricing of the technology by its providers is prompting

Iran war poses new threat to harvests in hunger-stricken Sudan

Farmers across Sudan say the hike in global fuel and fertilizer costs resulting from the Iran conflict will

Russia says magnetic mines found on tanker at Ust-Luga port

Several magnetic mines had been detected on a tanker in Russia's Baltic Sea port of Ust-Luga, Russia's Investigative Committee said on Monday.

Bolivia president Paz cuts salary in half as protests grip country

Bolivian President Rodrigo Paz said on Monday he would cut his salary and those of his cabinet ministers in half amid a growing political crisis marked by protests and

You’ve been trying to get around Amazon – but it’s not that easy

For shoppers tying to avoid Amazon, its expansion into shipping and logistics for thousands of companies makes that choice more difficult.

Trump and Warsh's fates are now tied, for better or worse

Former U.S.

Anthropic's Olah says AI must be guided from outside Big Tech

The co-founder of AI company Anthropic said on Monday that the development of artificial intelligence cannot be left solely to

Canada April wholesale trade most likely up 0.1% - Statscan flash estimate

Canadian wholesale trade most likely rose 0.1% in April from March, largely driven by higher sales in the building material and supplies subsector, Statistics Canada said in a flash

Dollar drifts lower as oil falls on Hormuz deal optimism

The dollar dropped against major currencies on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices

Founder of viral Indian Gen Z account alleges crackdown, threats

New Delhi - A viral social media account focusing on the concerns of India’s Gen Z has come under attack, with its founder alleging hacking and

Japan's Takaichi unveils $19 billion extra budget, reassures on bond issuance

Japan will build up an extra $19 billion in reserves to subsidise fuel costs and help tackle cost of living pressures, Prime Minister Sanae Takaichi said

Xi hails 'unbreakable' Pakistan ties, praises Iran peace efforts

President Xi Jinping hailed China's "unbreakable" friendship with Pakistan on Monday as he met Prime Minister Shehbaz Sharif in Beijing, seeking

This drive-thru coffee chain is pushing into undercaffeinated parts of America

This drive-thru coffee chain is pushing into undercaffeinated parts of America

Rising seas will swallow New Orleans. People need to start relocating now, scientists say

Rising seas will swallow New Orleans. People need to start relocating now, scientists say

India turns to Latin American, African oil after Hormuz disruption

Indian refiners turned to imports from Latin America and Africa after supplies from the Middle East were disrupted as the Israeli-U.S. war on Iran

Europe's STOXX 600 wipes out Iran war losses on peace deal hopes, AI optimism

Europe's STOXX 600 closed at its highest level in over two months, recovering all its losses since the start of the Middle East conflict,

Hedge fund tech positions hover near record highs, Goldman Sachs says

Technology stocks were a top pick for hedge funds last week, with speculators hoovering them up at the fastest pace in nearly three months, according to a

ADB to provide $5 billion to Bangladesh as economic pressures mount

The Asian Development Bank (ADB) will provide Bangladesh with $5 billion in support over the next five years, the lender said on Monday, as the country faces mounting

Greek police arrest 20 in Crete over suspected EU farm subsidies fraud

Greek police arrested 20 people on the island of Crete on Monday, saying they had dismantled a criminal gang suspected of defrauding the European Union of agricultural

Delivery Hero shares surge to 18-month high as Uber eyes takeover

Uber is weighing a raised takeover bid for rival Delivery Hero after its initial €33-per-share offer on Saturday was rebuffed, an FT report said, sending the German

Australia's Guzman y Gomez sued in US over alleged failure to notify staff of closure

A group of U.S. employees have sued Sydney-listed Guzman y Gomez in an Illinois court, alleging the Mexican-themed fast-food chain did not give prior notice to staff before closing

Global shares gain and oil prices fall after Trump says talks on ending the war are proceeding

Global shares are mostly higher and oil prices have dropped after U.S. President Donald Trump said talks on ending the war with Iran are progressing

Huawei's 'chip queen' etches her name in China's tech folklore

When He Tingbo was put in charge of Huawei's chip development in 2003, the young engineer was handed an annual budget of $400

Singapore core inflation at 1.4% on year in April, lower than expected

Singapore's key consumer price gauge rose 1.4% in April from a year earlier, official data showed on Monday, below economists' expectations.  

Global tensions set to stalk Singapore's flagship defence summit

War in Iran, strained U.S. commitments in Asia and rising tensions over

Toshifumi Suzuki, the Japanese behind the 'conbini' empire, has died. He was 93.

Toshifumi Suzuki, the Japanese businessman credited with creating the 7-Eleven convenience-chain global retail empire, has died

Trump call would be positive, no planning talks have taken place, Taiwan says

A call between the U.S. and Taiwanese leaders would be a positive thing but it is up to President Donald Trump to take the initiative and the two sides have not had any

Jardine Matheson to buy Australia's I-MED at $2.4 billion enterprise value in healthcare push 

Jardine Matheson said on Monday it has agreed to buy Australian medical imaging provider I-MED Radiology Network for a total enterprise

Pakistan Shi'ites deported from UAE return to lost jobs, frozen savings

In a cluster of villages in Pakistan's largely rural Chakwal district, more than 100 Shi'ite Muslims have returned from the

Will they or won't they?

A look at the day ahead in European and global markets from Ankur Banerjee The ever-inching prospect of a deal to end the Iran war and open the Strait of Hormuz paved the way for investors to put on

New Zealand tightens English standards, widens philanthropy options for visas

New Zealand will tighten English language rules for mid-skilled work visa applicants while expanding philanthropy options for investor migrants, Immigration Minister

Singapore economy beats expectations in Q1 with 6% annual growth, risks ahead

Singapore's economy grew a greater than expected 6.0% in the first quarter of 2026 from a year earlier, data showed on Monday, but officials said the

Trump says there is no rush for Iran deal, US blockade stays

U.S.

Trump says not to rush as details emerge of a potential Iran deal

Regional officials say the United States is close to a deal with Iran to end the war and reopen the Strait of Hormuz

Uber weighs higher bid for Delivery Hero, FT reports

Uber’s board met on Saturday to discuss raising its offer for Delivery Hero after a major shareholder rebuffed Uber's bid that would value the German food delivery group at over

Rocklin Unified eyes electric future amid high gas prices

Rocklin Unified eyes electric future amid high gas prices

Nigeria's Tinubu to run for second term after party primary win

Nigeria's President Bola Tinubu will seek a second and final four-year term in January after overwhelmingly defeating a little-known challenger in ruling party primaries,

Republicans who have drawn a hard line on Iran pan Trump's emerging proposal to end the war

President Donald Trump’s emerging deal to end the Iran war is drawing heavy criticism from some fellow Republicans

2 charged in DOJ's Medicaid fraud case appear in court

2 charged in DOJ's Medicaid fraud case appear in court

Viral Instagram post helps save longtime Mexican restaurant

Viral Instagram post helps save longtime Mexican restaurant

Authorities investigate safety lapses after China coal mine blast kills at least 82

Authorities in northern China are investigating a coal mine operator for safety lapses after an explosion killed at least 82 people

Box Office: ‘Mandalorian and Grogu’ tops charts and ‘Obsession’ grows in second weekend

Studio estimates on Sunday say “Star Wars: The Mandalorian and Grogu,” has made $82 million in ticket sales in the U.S. and Canada over the weekend

US Treasury rout tests Washington's tolerance for higher borrowing costs

President Donald Trump's resolve on Iran is being tested by a force largely beyond his control: the bond market. 

Benin's Wadagni takes office, vows better living standards, security

Benin's new president, Romuald Wadagni, vowed at his inauguration on Sunday to confront rising security threats and to ensure economic growth translated into concrete

In a city of high-rises, ‘cardboard grannies’ collect waste for cash

In a city of high-rises, ‘cardboard grannies’ collect waste for cash

Netanyahu told Trump Israel will remain free to act against threats, Israeli source says

Israeli Prime Minister Benjamin Netanyahu told U.S.

What the judge’s evidentiary ruling means for the case against Luigi Mangione

What the judge’s evidentiary ruling means for the case against Luigi Mangione

Britain's navy prepares to clear mines in the Strait of Hormuz while waiting for a peace deal

The U.K.’s Royal Navy is preparing for a potential mine-clearing operation in the Strait of Hormuz

Democrats vow a redistricting counterpunch but are facing hurdles Republicans don't

Democrats are poised to finish several seats behind Republicans in 2026 in the nationwide race to redraw maps for the U.S. House

Trump talks up his ballroom plan dozens of times but plays down Americans' economic pain

Standing in front of the White House ballroom construction site, U.S.

Rubio tries to tackle a trust deficit between Washington and Delhi on first official India trip

U.S. Secretary of State Marco Rubio has held talks with his Indian counterpart Subrahmanyam Jaishankar

Gas and airfare prices have jumped. Americans are traveling this weekend anyway

Gas and airfare prices have jumped. Americans are traveling this weekend anyway

India, US discuss Middle East, trade as Rubio cites progress on Iran conflict

U.S.

Axios says proposed US-Iran deal involves opening strait during 60-day ceasefire extension

The U.S. and Iran are close to signing a deal involving a 60-day ceasefire extension, during which the Strait of Hormuz would be reopened, Iran would be able to freely sell oil and

Police and protesters clash in Serbia as crowds demand president's exit

Police fired tear gas and clashed with protesters in central Belgrade on Saturday, as tens of thousands gathered to demand early elections and an end to the more than

Stephen Colbert’s ‘Late Show’ finale sets a weeknight ratings record

Stephen Colbert’s ‘Late Show’ finale sets a weeknight ratings record

Colombian right-wing presidential hopeful leads poll for runoff vote

Right-wing candidate Abelardo De La Espriella received a surge in voter support in the final week leading up to the first round of Colombia's

Delivery Hero confirms takeover offer from Uber

German food delivery service Delivery Hero confirmed it had received a takeover offer from rival Uber valuing the company at 33 euros ($38.29) per share, it said in a statement on

Bangladesh central bank unveils $4.9 billion in stimulus as growth slows

Bangladesh’s central bank on Saturday announced a 600 billion taka ($5 billion) stimulus package to revive shuttered factories and support businesses as economic growth slows

Travel industry worries after Trump administration reiterates threat to sanctuary city airports

The travel industry is on edge after Homeland Security Secretary Markwayne Mullin reiterated his threat to withdraw U.S. Customs and Border Protection officers from airports in so-called “sanctuary cities” in a move that could jeopardize international flights

Rubio touts US energy on India trip meant to repair ties

U.S.

Rubio touts US energy on India trip meant to repair ties

U.S.

Uber and DoorDash sound out investors for Delivery Hero bid, FT reports

Uber and DoorDash have held exploratory talks with investors in rival Delivery Hero ahead of a possible takeover bid, the Financial Times reported on Saturday.

Deadliest coal mine explosion in China in years kills at least 82 people, local officials say

Chinese local officials say that a gas explosion at a coal mine in northern Shanxi province has killed at least 82 people

AI is changing the internet forever. Here’s how

AI is changing the internet forever. Here’s how

Ukrainian drone attack triggers fire at a Russian oil terminal

A Ukrainian drone attack has caused a fire at a Russian oil terminal, according to officials in Russia’s Krasnodar region

Despite Trump's pressure, Cuba may not turn out like Venezuela

(Corrects details of 2024 election to say Machado's opposition movement was widely seen as the legitimate winner of the contest that Maduro was accused of rigging, instead of that she won the election

Republican defiance over 'anti-weaponization' fund sets up confrontation with Trump

Republicans in the U.S.

This congressman's family was swept up in WWII Japanese detention. He sees a repeat in today's raids

Mark Takano can't help but see the parallels in U.S. history

Progressives land a big win in a Philadelphia House primary and hope it means more are on the way

Democrat Chris Rabb seemed to be a long shot running for a congressional seat in Philadelphia

Some of China's deadliest coal mine accidents

A gas explosion at Liushenyu coal mine in China's northern Shanxi province late on Friday killed at least 90 people, making it China's worst coal mine disaster in over 16

Nvidia says its forecast for $200 billion CPU market includes China

Nvidia CEO Jensen Huang said on Saturday that his forecast of a $200 billion market for CPUs includes China, signalling Nvidia still sees

‘Senators are not happy’: How Trump pushed the GOP to the breaking point this week

‘Senators are not happy’: How Trump pushed the GOP to the breaking point this week

EU must reform, consolidate, use joint debt to cope with spending needs, IMF says

European Union countries will face large bills for defence, energy and pensions in the next 15 years, the International Monetary Fund told EU finance

They thought they had it all in Miami – then they moved to Italy

They thought they had it all in Miami – then they moved to Italy

Japan trade minister holds brief talks with Chinese counterpart amid diplomatic row

Japan's Trade Minister Ryosei Akazawa said on Saturday there were no formal bilateral talks with China's Commerce Minister Wang Wentao, though the two had a brief

Three months in, is Trump losing the Iran war?

U.S.

US arms sales to Taiwan unrelated to Iran war, source says

U.S. arms sales to Taiwan take years to process and are unrelated to the war with Iran, a source familiar with the matter said, after a senior U.S. official suggested there was a

‘Time is not in Russia’s favor’: Battlefield losses and economic pain pile pressure on Putin, European spy chief says

‘Time is not in Russia’s favor’: Battlefield losses and economic pain pile pressure on Putin, European spy chief says

Rubio arrives in India ahead of Quad talks as US tries to reset strained ties

U.S. Secretary of State Marco Rubio has arrived in India ahead of a meeting next week with his counterparts from India, Australia, and Japan, members of the Indo-Pacific strategic alliance known as the Quad

Law firm Fenwick agrees to pay $54 million in settlement over FTX work

Prominent U.S. law firm Fenwick & West, which advised FTX before its 2022

World Bank document shows 27 countries seeking to ensure access to crisis funds

Twenty-seven countries have moved since the Iran war started to put in place crisis instruments that could quickly access funding from existing World

Argentina to gradually eliminate taxes on some industrial exports

Argentina will gradually lower its export taxes for certain industrial sectors to zero in the 12 months starting this July, the economy ministry said on Friday.

Senegal president sacks PM Sonko, dissolves government after months of friction

Senegal President Bassirou Diomaye Faye on Friday dismissed Prime Minister Ousmane Sonko and dissolved the government, a move that risks

SpaceX's Starship flight hits most targets in pre-IPO test

SpaceX completed a largely successful test flight of its next-generation Starship rocket on Friday, deploying a clutch of mock

No talks currently planned between Trump and Taiwan’s Lai, sources say

The U.S. and Taiwan have not made concrete plans for talks between their presidents, four people

US tax officials consider adding citizenship question to tax forms

The U.S.

Blue Origin to expand Florida campus with new $600 million facility

Florida Governor Ron DeSantis on Friday announced a $600 million expansion of Blue Origin's Rocket Park campus in Cape Canaveral.

Trump joins Lawler to test fiscal pitch in competitive New York district

Donald Trump campaigned on Friday in New York’s Hudson Valley to support a vulnerable House Republican facing reelection in November, a rare test of the U.S.

Bolivia to open 'humanitarian corridors' on Saturday to move supplies through blockades

Bolivia police and armed forces will open "humanitarian corridors" on Saturday in the country's La Paz department in order for supplies to move past blockades, the

DNC tries to move past autopsy debacle as Martin faces calls to resign as chair

Democratic National Committee Chair Ken Martin is facing new calls to resign from within his own party

Senior Walmart executives depart amid rejig under new CEO, memo shows

Senior Walmart executives Tom Ward, COO of warehouse chain Sam's Club, and Cedric Clark, U.S. store operations chief, are leaving amid a major management rejig under CEO John Furner

As Stephen Colbert exits 'The Late Show,' podcasts have the last laugh

Stephen Colbert’s sign-off as the host of the CBS “The Late Show” may signal the end of a historic TV franchise, but the late-night tradition is far

Stocks climb, yields dip as investors focus on some progress in US-Iran talks

Major stock indexes rose and Treasury yields eased on Friday as investors weighed the likelihood of a near-term deal to

Warsh elected chair of U.S. Fed's rate-setting committee

The U.S.

US regulators sign off on large bank 'living wills'

A pair of U.S. banking regulators have signed off on plans submitted by the nation's largest banks detailing how they could be safely unwound in

Soaring stocks could face rocky patch as earnings wind down, yields perk up

High-flying U.S. equities could face turbulence in the final days of a blowout corporate earnings season as investors confront an increasingly tricky

Warsh takes the Fed's helm as inflation climbs, consumer sentiment dives

Kevin Warsh was sworn in as chair of the U.S.

Mexico, EU sign stalled trade deal as they aim to diversify from US

Mexico and the European Union signed a long-stalled free trade agreement on Friday as they seek to decrease dependence

Lantheus weighs potential $7 billion sale after Curium's offer, Bloomberg News reports

Radiopharmaceutical-focused company Lantheus Holdings is weighing a potential sale after getting a takeover offer from private-equity backed Curium Pharma that values it at about $7

An SNL 'All Drug Olympics?' Not quite. But these Enhanced Games are no joke

The event that tackles the age-old question, “What would happen if we just let all the athletes take drugs?”

The Latest: Tulsi Gabbard resigns as Trump’s national intelligence director, citing husband’s health

Tulsi Gabbard has resigned as President Trump’s director of national intelligence, citing her husband's battle with cancer

Trump veers off-topic during speech in New York that was supposed to be on the economy

President Donald Trump has begun testing his midterm message, focusing on the economy

Legal fight could delay a proposed $7B settlement for lawsuits in Roundup cancer claims

A proposed $7.25 billion settlement over claims that Roundup weedkiller causes cancer now faces potential delays

Wall Street keeps rising, even as U.S. households keep getting more discouraged

The split between Wall Street and most U.S. households keeps growing wider

Memorial Day weekend could be costly and chaotic whether you’re on the road, in the sky or just staying home

Memorial Day weekend could be costly and chaotic whether you’re on the road, in the sky or just staying home

ECB rebuffs proposals to boost euro stablecoins as too risky

The European Central Bank warned European Union finance ministers on Friday that proposals to issue more euro stablecoins could

Google appeals US court ruling on search monopoly

Alphabet's Google on Friday appealed a Washington federal judge's ruling that it holds illegal monopolies in online search and related advertising. 

First USMCA negotiations to focus on content rules, economic security, Greer says

U.S.

USTR Greer sees no immediate chip tariffs but says protection important for sector

U.S.

Leaks, demands and a phone call: how Estée Lauder's Puig deal fell apart

U.S. cosmetics maker Estée Lauder and Spanish perfume group Puig had been finalising the details of a deal when talks

US Secretary of State Rubio sees progress in Iran talks, more work to be done

The United States has seen some progress towards a deal with Iran but more work is required, Secretary of State Marco

Wall Street rises, Dow hits record high as Middle East hopes lift sentiment

U.S. stocks rose on Friday, with the Dow reaching a record closing high, as investors cheered signs of progress in talks

Brazil blocks more spending, widens 2026 deficit view

Brazil's government announced on Friday a fresh 22.1 billion reais ($4.40 billion) spending block to comply with an expenditure growth cap in its fiscal framework, adding

Lula leads Flavio Bolsonaro in Brazil election poll after Banco Master scandal

Brazilian President Luiz Inacio Lula da Silva leads opposition Senator Flavio Bolsonaro in the race for this year's presidential election, gaining ground after reports

Trump's Cuba strategy echoes his Venezuela playbook. But there are key differences

The Trump administration’s strategy against Cuba is looking a lot like the playbook for Venezuela

Slovenia approves Jansa as PM-designate, paving way for reforms

Slovenia’s parliament approved right-leaning leader Janez Jansa as prime minister-designate on Friday, paving the way for a new government that has pledged tax reliefs,

Court ruling adds to crackdown on Turkey's main opposition CHP

A Turkish court ruling to effectively oust opposition leader Ozgur Ozel has inflamed a political crisis, rattled financial markets and could

Iran's intensified closure of Strait of Hormuz piles misery on stranded sailors

Iran's publication of a new map asserting its control over the Strait of Hormuz risks extending an already punishing ordeal for thousands of

Hyundai to recall over 421,000 US vehicles over software brake issue, NHTSA says

Hyundai Motor is recalling 421,078 vehicles in the U.S. over a software error that may cause an unexpected application of brakes, the U.S.

Logistics giants urge EU to phase in low-value package duty rules

DHL, FedEx and UPS urged European Union finance ministers to phase in new duty rules on low-value packages on Friday, warning of supply chain

Shein to buy apparel retailer Everlane

U.S. apparel brand Everlane said on Friday it had reached an agreement to be acquired by online retailer Shein, giving the fast-fashion company ownership of a brand known for

Oil prices settle higher on slow progress in US-Iran peace talks

Oil prices climbed on Friday, as investors worried that the U.S. and Iran would be unable to reach a peace agreement that would allow shipping traffic to

Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank

President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair

Everlane shoppers come unraveled over sale to Shein

Everlane shoppers come unraveled over sale to Shein

Kevin Warsh sworn in as Fed chair at pivotal moment for US economy

Kevin Warsh sworn in as Fed chair at pivotal moment for US economy

US appeals court revives $82 million of verdict against Ford in trade secrets case

A U.S. appeals court on Friday revived $82.2 million of a $104.6 million verdict that Versata Software won against Ford for breaching a licensing

Dollar near six-week high amid Iran war jitters

The dollar held near six-week highs on Friday as traders weighed the prospects of a near-term deal to end the Middle East war

Angst over rising cost of living pushes US consumer sentiment to record low

U.S. consumer sentiment fell to a record low in May as surging gasoline prices linked to the Iran war intensified affordability concerns, highlighting

Western powers press Israel to rein in settlers, halt expansion

Israel must halt the expansion of settlements in the West Bank and curb growing settler violence, seven major Western nations said on Friday, accusing the Israeli government

European shares end at more than one-month high on tech boost

European shares finished at their highest in over a month on Friday, led by technology stocks as risk sentiment got a lift on expectations

Congo province bans funeral wakes to contain Ebola's spread

The eastern Democratic Republic of Congo province most affected by the country's Ebola outbreak banned funeral

Swiss widen sanctions against Russia, Belarus in line with EU measures

Switzerland expanded its sanctions lists against Russia and Belarus on Friday, adopting parts of the European Union's latest package of measures over Moscow's war in Ukraine

France readies UN resolution on Hormuz as vote on US text stalls

France has drafted a U.N.

FDA staff blindsided by move allowing more e-cigarettes and nicotine pouches onto US market

The Associated Press has learned that officials at the Food and Drug Administration were blindsided by a recent policy change allowing more electronic cigarettes and nicotine pouches to hit the U.S. market

SpaceX to allow early share resale before usual six‑month lock-up

SpaceX plans to allow a large portion of its shares to become eligible for resale before the usual six‑month restriction period post-IPO, under a

Chinese fast-fashion juggernaut Shein to buy eco-friendly Everlane in an unlikely fit

Everlane, which bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion Shein, founded in China

High gas prices, cost of living send US consumer sentiment to all-time low

High gas prices, cost of living send US consumer sentiment to all-time low

New York LaGuardia runway reopens after repairs

New York's LaGuardia airport has reopened a runway that had been closed because of a sinkhole on Wednesday, snarling flights for the busy Memorial Day travel

Taiwan says it has not been told by US of arms sales delays

Taiwan's government said on Friday it had not received any information about U.S. arms sales delays, after a senior U.S. official suggested there was a pause due to the need

Wall St rises at open, Dow hits record high

Wall Street's main indexes opened higher on Friday with the Dow hitting an intraday record high as investors watched for progress in talks to end the nearly three-month Middle East

Canada March retail sales grow 0.9%; seen up 0.6% in April

Canada's retail sales in March grew by 0.9%, beating expectations, to C$72.67 billion  ($52.64 billion) primarily led by sales at gasoline stations and fuel vendors, as

Portugal says budget balance 'extremely difficult' after huge storm costs

Portugal will find it extremely difficult to achieve a balanced budget this year after storms in January and February cost the state €2 billion ($2.3 billion), or about 0.6%

Dow hits first intraday record high since February

The Dow Jones Industrial Average hit an intraday record high on Friday, its first since the U.S.-Iran war began, as AI-driven trade and market optimism over negotiations to end the

Carney stresses importance of Alberta after separation vote announcement

Prime Minister Mark Carney on Friday stressed Alberta's importance to Canada, a day after the oil-rich province announced a non-binding referendum on whether its residents

Trafigura plans to withdraw LME copper stocks ahead of US tariff ruling, sources say

Commodity trader Trafigura plans to take large amounts of copper from London Metal Exchange warehouses in New Orleans, two industry

First Carolina files for IPO as US bank listings heat up

First Carolina Financial Services filed for a U.S. initial public offering on Friday, disclosing a jump in first-quarter profit as a strong run of new listings by U.S. banks extends

Mexico economy shrinks in first quarter, but beats bleakest forecasts

Mexico's economy shrank 0.6% in the first quarter from the previous three-month period, data from the national statistics agency INEGI showed

Fed's Waller's ready to axe 'easing bias,' says rate-cut talk now is 'crazy'

Federal Reserve Governor Christopher Waller, an influential voice in policymaking who until recently had advocated for lower

Qatari negotiating team in Tehran to try to help secure US-Iran deal to end war, says source

A Qatari negotiating team arrived in Tehran on Friday in coordination with United States to try to help secure a deal to end the war with Iran and resolve outstanding issues, a

Taiwan's government says US hasn't notified it of any pause in a planned $14B arms sale

Taiwan's government says it hasn't been notified of any pause in a planned $14 billion U.S. arms sale to the self-governing island

Abu Dhabi is ‘doubling down’ on tourism despite Iran war

Abu Dhabi is ‘doubling down’ on tourism despite Iran war

Cuba needs a long-term solution to its energy crisis

Short-term humanitarian aid won’t go far in alleviating Cuba’s long-term energy crisis.

Detroit’s high property taxes are driving a housing affordability crisis – how can city leaders bring down costs?

Property tax reform in Detroit could boost homeownership and attract new residents and businesses.

Reduced health insurance payments for hospital births had a bigger impact on sterilization rates than correcting an injustice

Changes in how healthcare is managed have had a meaningful effect on what contraceptive options are available to women.

America’s nonprofit sector is pushing back against an ‘authoritarian playbook’

The Trump administration has made many threats against nonprofits whose missions it disagrees with.

Today’s bans on DIY repairs of everything from cell phones to tractors grew out of Hollywood’s fear of videotaping

Efforts to use technology to police copyright evolved into companies using copyright law to lock people out of repairing their own devices.

Brittle bonds and AI boom face off

Everything the ROI team are reading, watching and listening to over the weekend. From Mike Dolan, Editor-at-Large, Markets & Finance Hello Morning Bid readers! 

U.S. equity funds record outflows on caution over higher yields

U.S. equity funds recorded a second weekly outflow in nine weeks in the week to May 20 as investors locked in profits from a recent rally on caution over rising inflation and a

Ankara court rejects Turkish main opposition's appeal against ruling to oust leader, media says

An Ankara court on Friday rejected an appeal by Turkey's main opposition Republican People's Party (CHP) against a ruling to oust its leader, the Cumhuriyet daily and other

Turkey opposition vows to resist court ruling as political crisis deepens

Turkey's opposition vowed on Friday to resist an unprecedented court ruling that ousted its leader, inflamed a political crisis and

China to expand public service access for migrant workers

China issued guidelines on Friday to expand coverage of basic public services to people who don't have household registration in the cities where they work, a move that

From Meta to SpaceX: how dual-class shares keep founders in control

The dual-class share structure outlined in SpaceX's IPO filing, which grants CEO Elon Musk outsized control, has revived one of Wall Street's oldest

Global equity fund investors halt eight-week buying streak as bond yields rise

Global equity funds recorded the first weekly outflow in nine weeks in the week through May 20, as investors turned cautious over inflation and a rise in long-term borrowing costs

Level-setting the Warsh Fed, in Warsh's own words

Kevin Warsh has been a sharp critic of the Federal Reserve for the last 15 years, ever since leaving his job there as a governor in 2011.

Republicans revolt over Trump’s $1.8 billion ‘anti-weaponization’ fund

Republicans revolt over Trump’s $1.8 billion ‘anti-weaponization’ fund

How to AI-proof your job

How to AI-proof your job

Minnesota DNR proposes walleye bag limit change

Minnesota DNR proposes walleye bag limit change

Florida residents facing mounting frustration over health insurance companies denying prescription coverage

Florida residents facing mounting frustration over health insurance companies denying prescription coverage

Is it finally a buyer’s market? That depends where you look for a home

Is it finally a buyer’s market? That depends where you look for a home

Workday shares jump as AI demand eases investor concerns

Workday shares jumped 8.5% on Friday after the enterprise software maker beat first-quarter revenue and profit estimates, easing concerns that AI rivals such as Anthropic could

Spain to introduce job-matching plan for migrants granted legal status

Spain will introduce a plan to match migrants to jobs under a programme to grant legal status to around half a million undocumented workers to help drive

StanChart CEO apologises for 'upset caused' by AI comments

Standard Chartered CEO Bill Winters apologised for the upset caused to staff by his remarks about artificial intelligence replacing "lower value" human workers, but stopped

Citi to boost Asia wealth business with 'significant' hires, global head says

Citigroup plans to allocate a significant portion of its global wealth management hiring to Asia, where its private bank is growing faster and generating

Germany's residential construction drops to 13-year low

Residential construction in Germany dropped to a 13-year low in 2025, hurt by higher building costs and interest rates, putting pressure on the government to step up

UAE's Gargash sees '50-50' odds of US-Iran deal, warns against renewed fighting

There is a "50-50 chance" of a U.S.-Iran peace agreement, the United Arab Emirates' presidential advisor said on Friday, but stressed that

Space ETFs booming in anticipation of SpaceX IPO

Space-themed exchange-traded funds are blasting off, with asset managers rushing to issue new products ahead of the much-anticipated IPO

Estée Lauder soars, Puig dips after merger talks collapse

Estée Lauder's shares rose about 13% while Puig fell roughly 14% in early trading on Friday after the Spanish perfumer and the American

Explosion at MOL's Tiszaujvaros petrochemical plant in Hungary kills one

A pipeline explosion at Hungarian oil and gas group MOL's petrochemical plant in Tiszaujvaros that killed one person and

EU in stagflationary trend, must not risk fiscal crisis, ministers say

Europe's economy is in a stagflationary trend due to the surge in energy prices caused by the Iran war, but governments must be

India’s Gen Z have flipped the lowly cockroach into a symbol of defiance

India’s Gen Z have flipped the lowly cockroach into a symbol of defiance

A proposed additive ban could change New York’s pizza and bagels, some say for the better

New York City's iconic pizzerias and bagel shops may soon be forced to update their long-standing baking practices after state lawmakers moved to ban a common additive

Paul McCartney helps Stephen Colbert say goodbye to 'The Late Show' in ambitious final show

Stephen Colbert has wrapped up his final broadcast of CBS' “The Late Show” with a memorable night

Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system

Donald Trump has a reputation for slashing his taxes using techniques that some experts find aggressive

UBS lifts S&P 500 annual forecast on robust consumer spending, AI demand

UBS Global Wealth Management has raised its 2026 year-end forecast for the S&P 500 to 7,900 from 7,500, citing resilient consumer spending and strong demand for data center

German Ifo business sentiment unexpectedly rises but outlook stays weak

German business morale unexpectedly improved in May, a survey showed on Friday, but economists warn that the outlook for Europe's biggest economy remains

ECB will have to respond to inflation increase, EU's Dombrovskis says

European Economy Commissioner Valdis Dombrovskis said on Friday that it is clear the European Central Bank will need to react to rising inflation.

Tesla to recall over 14,500 Model Y SUVs in US over missing weight certification label

Tesla is recalling 14,575 Model Y SUVs in the U.S., over a missing certification label with weight specifications, the U.S.

Trump won over more Latino voters in 2024. Can he keep them?

President Donald Trump made inroads with Latino voters in 2024, earning support that helped propel him to a second term in the White House

JPMorgan sees Turkey central bank lift interest rates to 40% imminently

Investment bank JPMorgan said on Friday that Turkey's central bank was likely to hike its key interest rate to 40% and could even do so before its next planned meeting in

Pound softens as UK consumers cut spending, public finances worsen

The pound edged lower on Friday as uncertainty over the status of peace talks between the U.S. and Iran prompted investors to buy the dollar and after UK

Samsung workers begin voting on pay deal, some non-chip employees to oppose it

Samsung Electronics' workers in South Korea on Friday began voting on a pay deal that ensures huge bonuses for its memory chip workers, but other employees

When does this end?

World markets remain at the mercy of diplomacy as the Iran war approaches the end of its third month with no clear resolution in sight.

China foreign minister to chair UN Security Council meeting in US, visit Canada

China's Foreign Minister Wang Yi will travel to New York and chair a high-level meeting of the UN Security Council on May 26, the Chinese foreign ministry said on Friday.

German consumer sentiment recovers heading into June, survey finds

German consumer sentiment recovered heading into June, as households' income expectations improved, a survey found on Friday.

UK retail sales drop by most in nearly a year as drivers buy less fuel

British retail sales fell by the most in nearly a year in April as fuel sales plummeted, according to official figures published on Friday that added to

Barclays keeps $100 Brent oil forecast for 2026 but risks skew higher

Barclays is maintaining its 2026 average Brent crude oil price forecast at $100 a barrel though risks are skewing higher, the bank said in a note on Friday.

German economy grows by 0.3% in Q1, driven by exports

The German economy grew by 0.3% in the first quarter of 2026 compared with the previous quarter, the statistics office said on Friday, confirming its

UK borrowing jumps as Reeves faces up to Iran war challenge

Britain's public finances showed the biggest shortfall since the COVID-19 pandemic in April in what could be an early taste of the budget hit facing

In Spain's greenhouses, migrant amnesty brings hope of better conditions

After seven years living as an undocumented migrant in Spain, doing day jobs and staying in shanty towns, Moroccan Abdelmoujoud Erra

High hopes dashed: UK cost-of-living woes snare Starmer

Prime Minister Keir Starmer's failure to allay concerns about the cost of living is driving dissatisfaction with his government among Britons, adding to

Nomura pivots away from Fed rate cuts in 2026 as inflation risks linger

Nomura has joined a growing chorus of brokerages expecting the U.S.

AMD ramping up Taiwan capacity as global CPU market tightens

Advanced Micro Devices is working with Taiwan partners to ramp up production capacity as stronger-than-expected demand squeezes the global

ECB, banks rift hampers Europe's efforts to loosen reliance on US payments giants

Europe's push to curb its dependence on U.S. payments giants Visa and Mastercard has driven a wedge between the European Central Bank

Housing squeeze in Swiss boom region fuels support for population cap

Since 1990, the population in the Swiss village of Knonau has more than doubled, driven by an economic boom in one of the country's most business

Lenovo Q4 revenue tops estimates on strong PC sales; shares jump 15%

Lenovo Group reported a better-than-expected 27% jump in quarterly revenue on Friday, as strong consumer demand for PCs ahead of potential

JPMorgan looks to offload exposure to $4 billion in private equity-linked loans, FT reports

JPMorgan is seeking to offload risk tied to more than $4 billion in loans to private equity funds, Financial Times reported on Friday, citing people familiar with matter.

India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say

India's central bank does not see interest rate hikes as the best way to defend the embattled rupee, three sources said, a position at odds

InPost says FedEx-led $9 billion buyout offer to run from May 26 to July 27

Polish parcel locker company Inpost said on Friday that the €7.8 billion ($9 billion) buyout offer from a consortium made up of FedEx, Advent International and other InPost

APEC trade envoys gather in China to discuss trade imbalances, supply chain resilience

Asia-Pacific trade envoys gathered in China are expected to discuss multilateral cooperation, trade imbalances and supply chain

Europe's AI stocks shine through gloom of Iran war

A strong rally in tech stocks has largely gone under the radar against a darkening backdrop for European equity markets as the energy shock triggered by

Australia fines Coles over milk supply deals; flags Brownes' pricing practices

Australia’s competition watchdog said on Friday that Coles and dairy firm Brownes Foods Operations each paid A$39,600 ($28,270.44) after receiving infringement notices for

New Zealand central bank to hold rates at 2.25% on May 27; slim majority expect Q3 hike: Reuters poll

The Reserve Bank of New Zealand is expected to keep its key policy rate unchanged on Wednesday but a slim majority of economists in a Reuters poll now

India's job engine strains as Iran war hits remittances and trade

The war in the Middle East is squeezing two pillars of Indian employment, forcing Gulf-based workers home and crushing demand for the country's

Hengli, China's silk-to-petrochemicals empire, faces the chill of US sanctions

The Hengli Group, built by a husband and wife duo over three decades from a bankrupt textile mill into a Fortune Global 500 giant

The differences — and similarities — in the Trump and Putin visits to China

Chinese leader Xi Jinping's recent summits with U.S. President Donald Trump and Russia's Vladimir Putin highlighted different dynamics with each country

Puerto Rico governor promises to alleviate power and water shortages

Puerto Rico Gov. Jenniffer González is pledging to boost the amount of electric energy available to power the U.S. territory as chronic outages persist

Japan will avoid over-reliance on debt for extra budget, finance minister says

Japanese Finance Minister Satsuki Katayama said on Friday the government will seek to avoid overly relying on new debt issuance if it were to compile an extra

US hits nine Hezbollah-aligned individuals in Lebanon with sanctions

The United States on Thursday announced sanctions against nine individuals, including Iran's designated ambassador to Lebanon, for obstructing the peace

Arafura Rare Earths plans $250 million share sale backed by Australia's richest person

Australia's Arafura Rare Earths said on Friday it plans to raise about A$350 million ($249.83 million) in a share

Republican revolt over Trump 'anti-weaponization' fund stalls ICE funding vote

U.S.

US lawmakers propose making daylight saving time permanent, again

Daylight saving time would stay in effect year-round under a U.S.

North Carolina sues Vietnam's VinFast over delayed EV project

The State of North Carolina has sued Vietnamese EV maker VinFast for its alleged failure to meet its commitments to build an electric vehicle and battery factory in the state

Philippine central bank governor says it is considering off-cycle rate hike

The Philippine central bank could hike interest rates ahead of its scheduled policy meeting on June 18, its governor said on Friday.

Alberta province plans a public vote on whether to hold a binding referendum on leaving Canada

The government in the oil-rich province of Alberta plans a referendum on leaving Canada but says it won't actually be a vote on whether to separate

Australia's Guzman y Gomez to exit US in retreat from key growth bet

Australia's Guzman y Gomez , the Mexican-themed restaurant chain whose global growth plans powered a blockbuster sharemarket listing, said it was

Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes

Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways in the United States and paused its operations in Atlanta, Georgia as it updates software to

Takeaways from the Democratic National Committee's long-awaited autopsy report on 2024 election

The Democratic National Committee has released a controversial autopsy report on the 2024 election

Official warns US could halt immigration, customs processing at 'sanctuary city' airports, sources say

Homeland Security Secretary Markwayne Mullin privately warned that authorities could stop processing international travelers and cargo at major U.S.

Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says

Lam Research is focused on adding sensing and AI capabilities to its semiconductor manufacturing tools to make them more productive as it

Brazil's government expected to expand spending block on ministries, says finance minister

Brazil's government is expected to announce on Friday an increase of spending blocks across ministries to stay within this year's spending cap, Finance Minister Dario

Trump will swear in Warsh on Friday to lead US Federal Reserve

U.S.

Japan's core inflation hits 4-year low, rebound eyed on energy shock

Japan's annual core inflation slowed to a four-year low in April due to the effect of subsidies on fuel and education, data showed on Friday, though analysts

Republicans call off vote on Iran war resolution that was on the verge of passing

Republicans are struggling to find the votes to dismiss legislation that would compel President Donald Trump to withdraw from the war with Iran

Starship test flights, from explosions to mock satellite deployments

SpaceX is set to launch the 12th uncrewed test flight of its Starship rocket on Thursday, the debut of a redesigned vehicle central to Elon Musk's plans for the moon, Mars and the

Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal

Goldman Sachs has agreed to pay $500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian

Hoka-owner Deckers provides upbeat annual outlook on resilient demand

Deckers Outdoor forecast annual sales and profit above Wall Street estimates on Thursday, banking on resilient demand for its UGG boots and Hoka running shoes.

IMAX is exploring sale, WSJ reports

Cinema operator IMAX is exploring a sale and has approached entertainment companies as potential buyers, the Wall Street Journal reported on Thursday, citing people familiar with

Argentina secures $1 billion in IMF disbursement

The International Monetary Fund on Thursday approved a $1 billion disbursement to Argentina after completing a second review of its $20 billion programme,

Canada falling short on defense spending, F-35 review, Pentagon official says

The U.S. decision to suspend planned biannual defense talks with Canada follows deepening concern that Ottawa is failing to take steps to become a "

UAW urges tougher labor rules in US-Canada-Mexico trade talks

United Auto Workers leaders called for stronger pay standards and mandates that carmakers build where they sell, ahead of Washington's upcoming talks on a new

Britons hold their nerve but turn warier about big spending plans, GfK says

British consumers have turned a little less downbeat this month but are the least willing to make big purchases in almost a year and a half, underscoring the fragile mood

The most powerful rocket ever built is now even bigger and more powerful. But will it work?

The most powerful rocket ever built is now even bigger and more powerful. But will it work?

GOP leaders abruptly cancel House vote on Iran war powers, shielding Trump from rebuke

GOP leaders abruptly cancel House vote on Iran war powers, shielding Trump from rebuke

Backlash to Trump's $1.8B settlement fund delays GOP immigration bill

Senate Republicans have departed Washington for the Memorial Day recess without voting on a roughly $70 billion bill to fund immigration enforcement agencies

‘Mastermind’ of $250M Minnesota theft scheme gets 500-month prison sentence as feds charge more people with fraud

‘Mastermind’ of $250M Minnesota theft scheme gets 500-month prison sentence as feds charge more people with fraud

Newsom's office warns Californians to avoid Chevron this holiday weekend, citing high gas prices

California Gov. Gavin Newsom’s office is warning people to avoid buying gas from Chevron stations over Memorial Day weekend because of the high price at the pump

Canadian regulator triples US streamers' financial contributions to Canadian content

Canada's federal broadcast regulator is requiring large online streaming services to contribute 15% of their Canadian revenues to Canadian content

China oil import cut, higher US exports wrongfoot market bulls

As prices for physical crude oil hit all-time highs of over $160 per barrel last month, analysts and traders alike rushed

Soccer-New York City offering $50 World Cup tickets for residents

New York City will offer its residents a chance to snag $50 tickets to World Cup games in New Jersey this summer, Mayor Zohran Mamdani said on Thursday, with 1,000

Lockheed Martin breaks ground on Alabama missile plant

Lockheed Martin broke ground on Thursday on an 87,000-square-foot Munitions Production Center at its Troy, Alabama campus, as part of a U.S. push to expand

Estée Lauder ditches Puig deal, lifting shares as turnaround takes priority

U.S. cosmetics maker Estée Lauder and Spanish perfumery Puig ended merger talks that would have created a premium beauty

Minnesota hunger non-profit leader gets 41 years in prison for $250 million fraud scheme

The leader of a Minnesota non-profit group was sentenced to 41 years in prison on Thursday after she was convicted last year of being the ringleader of a $250 million scheme to

US and Iran still at odds on key issues, but both sides report signs of progress

The U.S. and Iran stuck to opposing stances on Thursday over Tehran's uranium stockpile and controls on the Strait of Hormuz,

Trading Day: IPO, IPO, it's off to work we go

U.S. stocks ended a choppy session on Thursday in the green, lifted by optimism that a U.S.-Iran peace deal is close at hand, while investors

Ross raises annual outlook as shoppers remain focused on value

Value retailer Ross Stores raised its annual comparable sales and profit forecast on Thursday, betting on resilient demand for its discounted apparel and accessories despite looming

Zoom raises annual forecasts, banks on AI features to drive demand

Zoom Communications raised its annual revenue and profit forecasts on Thursday, betting on strong demand for its AI features as the video conferencing platform looks to shore up

Wall Street banks boost Warner Bros loan to over $10 billion ahead of Paramount merger

Wall Street banks led by JPMorgan have increased the size of a loan package for Warner Bros Discovery to over $10 billion as the media company seeks to refinance debt ahead of its

Trump ups Reflecting Pool renovation projections to ‘less than $20 million’ amid court fight

Trump ups Reflecting Pool renovation projections to ‘less than $20 million’ amid court fight

US stocks edge higher following the latest U-turn for oil prices

U.S. stocks ticked higher following the latest reversal for oil prices

Woman at center of sprawling Minnesota fraud gets nearly 42-year prison sentence

The former leader of a Minnesota nonprofit has been sentenced to nearly 42 years in prison for her role in a staggering $250 million fraud case

JPMorgan rolls out AI tools in investment banking globally, senior banker says

JPMorgan is implementing AI tools across its

Devon snaps up prime Delaware Basin acreage for $2.6 billion after Coterra merger

Shale producer Devon Energy on Thursday said it has acquired 16,300 net undeveloped acres in the core of the Delaware Basin in New Mexico for about

Democrats release ‘autopsy’ on 2024 US election loss but reject findings

Bowing to pressure from within its ranks, the Democratic National Committee released on Thursday its long‑withheld “autopsy” of Kamala Harris’ loss to Donald Trump in

Brunt Workwear explores full sale or stake sale at over $1 billion, sources say

Brunt Workwear, a work boot and apparel brand, is exploring options including a full sale or a strategic investment that could value the private

What is GAESA, which has taken center stage in US-Cuba tensions?

U.S. Secretary of State Marco Rubio has made no bones about who he blames for Cuba's economic woes.

Acting head of US NIH infectious disease institute has left, senators say

The acting director of the U.S.

Wall St indexes end slightly higher as investors focus on Mideast peace hopes 

Wall Street's three main indexes closed slightly higher after Thursday's choppy session as oil prices lost ground, with some officials citing

Stellantis unveils $70 billion strategy pivot under Filosa, with blitz of 60 new products

Stellantis on Thursday laid out a 60 billion euro ($70 billion) strategy that marks a shift under new

Amkor working with AMD on advanced packaging after acquiring more land in Arizona

Amkor Technology is working with Advanced Micro Devices on packaging AMD's chips, Amkor said on Thursday.

Oil falls, stocks climb as investors hope for progress in Iran war talks

Oil prices fell and stocks rose on Thursday as investors were optimistic about possible progress in peace talks over

Cox Media fined for claiming it used AI to track consumer conversations

The U.S.

US House panel votes to advance rail safety legislation

The U.S.

Memorial Day: Higher fuel prices have some Americans scaling back their travel plans

Higher fuel prices and other inflationary pressures are making most forms of travel more expensive as Memorial Day kicks off the summer season in the U.S. Industry forecasts show millions of people still plan to get away during the holiday weekend and over the summer

The Trump administration expands its use of AI in the hunt for healthcare fraud

The Department of Health and Human Services is boosting its use of artificial intelligence to monitor audits from federal grant recipients

New York City residents will get a chance to purchase $50 World Cup tickets

Some lucky New York City residents will soon get a chance to snag cheap seats to this summer’s high-priced World Cup

Trump eases refrigerant rule in a bid to address surging grocery costs

The Trump administration is loosening a federal rule that requires grocery stores and air-conditioning companies to reduce greenhouse gases used in cooling equipment

Minneapolis daycare owner charged with fraud tried to flee country days after closing center, prosecutors allege

Minneapolis daycare owner charged with fraud tried to flee country days after closing center, prosecutors allege

Board of Peace envoy warns UN that Gaza division risks becoming permanent

The Board of Peace's lead envoy for Gaza warned the U.N.

Trump vows U.S. will retrieve uranium from Iran

President Donald Trump vowed on Thursday that the United States will eventually recover Iran's stockpile of highly enriched uranium despite comments from Iran that it

Fed's Barkin: Policy in good place to respond to ongoing shocks

How businesses and consumers respond to ongoing economic shocks will determine if the U.S.

Some Fed officials and staff are fretting about state of financial markets

By Michael S.

Kroger plans price cuts as new CEO looks to regain shoppers

Kroger is preparing to cut prices on thousands of items as new CEO Greg Foran pushes to regain market share from rivals including Walmart, Costco and Aldi.

Iran propaganda push seeks to project unity despite internal divisions

Iran's leaders are splashing propaganda posters across Tehran boasting of national unity and victory over a global superpower, just months

Trump to delay Biden-era refrigerant rules in push to ease costs

The Trump administration intends to delay compliance with two Biden-era rules governing refrigerants as part of a broader effort

Modal Labs valued at $4.65 billion as AI coding takes off

AI startup Modal raised $355 million in a new round of financing, valuing the company at $4.65 billion, CEO Erik Bernhardsson told Reuters.

US HHS launches AI initiative to detect fraud and waste in health programs

The U.S.

Kawasaki Heavy, Nvidia plan Silicon Valley robotics center, Nikkei reports

Japan's Kawasaki Heavy Industries will partner with Nvidia to develop solutions integrating robotics with physical artificial intelligence, and will set up a joint development

Spotify cranks up AI push with Universal Music deal, lays out bold growth targets

Spotify on Thursday laid out an ambitious roadmap to drive growth and profitability through the end of the decade, doubling down with AI-powered features to boost

US Treasuries selloff exacerbated as mortgage investors hedge against rising yields

Surging U.S.

US to invest $2 billion in IBM, other quantum computing firms

The Trump administration will take $2 billion in equity stakes across nine quantum-computing companies, including a new IBM venture, in a

A look at the SpaceX IPO by the numbers

Elon Musk is all about big numbers — billions, trillions – and you can find them sprinkled throughout an extraordinary document he just filed to take his rocket maker SpaceX public

UN gravely concerned by an Afghan Taliban law that has provisions on child marriage

The United Nations has criticized a new Afghan law on separation in marriage, saying it entrenches discrimination against women and girls

Average US long-term mortgage rate climbs to 6.51%, highest level in nearly nine months

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the housing market’s busiest time of the year

Birkenstock shares jump after $250 million buyback plan

Shares of Birkenstock surged nearly 17% on Thursday after the German sandal maker said it would buy back $250 million of its stock through an accelerated share repurchase agreement,

U.S. Senate Republicans meet with AG Blanche on Trump fund

Senate Republicans were meeting with Acting U.S.

US Fed officials propose prolonging dollar swap lines to underpin stability

Some U.S.

Mortgage rates climb to highest level in 9 months

Mortgage rates climb to highest level in 9 months

Chinese container ship among few vessels crossing Hormuz amid deadlock to open waterway

A Chinese-operated container ship was among the few to cross the Strait of Hormuz in the past 24 hours, data showed on Thursday, as uncertainty grows around reopening the

SpaceX's road to landmark IPO filing

SpaceX's IPO filing finally revealed the finances behind a company aiming to dominate industries ranging from rockets and satellites to AI and data centers.

US House Foreign Affairs Committee Chair warns of China role in Argentina contract bid

U.S. House Foreign Affairs Committee Chairman Rep. Brian Mast has warned U.S.

Dollar whipsawed by conflicting Iran deal signals

The dollar index was flat on Thursday as traders weighed the likelihood of a near-term deal to end the Middle East war, having earlier touched a six-week

US Supreme Court deals setback to cruise operators over Cuba confiscations

By Jan Wolfe WASHINGTON, May 21 - The U.S.

Turkey court rules to oust opposition leader in latest blow to Erdogan's challengers

A Turkish court effectively ousted the main opposition leader Ozgur Ozel on Thursday, annulling the 2023 party congress that elected

Oil prices close 2% lower on uncertain prospects for US-Iran deal

Oil prices were volatile on Thursday, ultimately settling about 2% lower as uncertainty over prospects for resolving the U.S.-Israeli

Equity Residential, AvalonBay to merge in mega US real estate deal

Equity Residential and AvalonBay Communities have agreed to an all-stock merger to form a housing rental company with an enterprise value of $69 billion, the firms

US moves closer to prohibitive tariffs on Russian palladium

The United States has moved closer to slapping prohibitive tariffs on imports of Russian palladium after the Department of Commerce made a final determination on a

Supreme Court sides with US company in claims over property seized in Cuban revolution

The Supreme Court has ruled in favor of owners of Cuban property that was confiscated by Fidel Castro’s government more than 65 years ago

'Frustrating': Florida county sheriff warns of jury duty scam after victims lose $40,000 in one weekend

'Frustrating': Florida county sheriff warns of jury duty scam after victims lose $40,000 in one weekend

Former Detroit Mayor Duggan cites toxic political climate, suspending his run for Michigan governor

Former Detroit Mayor Mike Duggan says he is suspending his campaign for Michigan governor, citing an increasingly “toxic” political climate due to President Donald Trump’s war with Iran and skyrocketing gas prices

Fact check: Vance touted a rebound in manufacturing jobs. The US is down 77,000 this term

Fact check: Vance touted a rebound in manufacturing jobs. The US is down 77,000 this term

Hurricane forecasts have improved dramatically, saving lives, but federal cuts threaten to stretch NOAA resources to breaking point

A hurricane scientist explains the technology forecasters rely on to keep people safe and help communities all along the Atlantic coast know when to evacuate.

Trump is rolling back Biden-era regulations on refrigerants. But it’s unlikely to save consumers money

Trump is rolling back Biden-era regulations on refrigerants. But it’s unlikely to save consumers money

Berlin OKs bid to rehost Olympics on or after 100th anniversary of 1936 Games under the Nazis

Berlin’s state parliament has given the go-ahead for the city’s bid to rehost the Olympic Games on or after the 100th anniversary of the 1936 Games staged by the Nazis

Parker-Hannifin to acquire KKR-owned Circor Aerospace for $2.55 billion

U.S. investment firm KKR said on Thursday it would sell aerospace division of

Walmart wins over broader swath of consumers, but global uncertainty clouds outlook for retailers

Walmart delivered another strong quarter of sales as the discounter’s speedy deliveries and low prices served as a magnet for shoppers across the income spectrum

France faces rising fiscal risks, IMF warns

France faces mounting public finance risks as budget-tightening lags and debt remains high, the International Monetary Fund said on Thursday, warning that insufficient

Kontoor to sell Lee denim brand to Authentic Brands in up to $1 billion deal

Kontoor Brands said on Thursday it had agreed to sell its Lee denim brand for up to $1 billion to Authentic Brands Group, as the apparel maker streamlines its operations and focuses

Fishing boats worldwide stuck dockside as diesel prices surge on Iran war

Captain Chris Welch of Kennebunk, Maine, is catching

Britain looks to boost tourist spots with temporary summer tax cut

British finance minister Rachel Reeves on Thursday announced a temporary cut in value-added tax for tourist venues over the summer to reduce

Wall St opens lower as oil jumps on renewed Mideast concerns

Wall Street's main indexes opened lower on Thursday as oil prices surged following a Reuters report that Iran's Supreme ‌Leader Ayatollah Mojtaba Khamenei ordered the country's near

US single-family housing starts tumble in April

U.S. single-family homebuilding dropped sharply in April and permits for future construction fell, suggesting the housing market could remain subdued for a while as the

US labor market shows resilience in face of war; housing still subdued

The number of Americans filing claims for unemployment benefits fell last week, pointing to labor market resilience and giving the Federal Reserve room

United Nations' top court says right to strike is protected by a key labor treaty

The United Nations’ top court has issued a landmark advisory opinion that says the right to strike is protected by a cornerstone labor treaty

Critical Metals inks 15-year Greenland rare earth deal with REalloys

Critical Metals said on Thursday it has signed a 15-year binding offtake agreement with REalloys for rare earth concentrate from its Tanbreez project in Greenland.

Crypto brokerage Blockchain.com confidentially files for IPO

Crypto brokerage Blockchain.com said on Thursday it has confidentially filed for an initial public offering in the United States, as digital assets markets show signs of a rebound

Ralph Lauren shares jump 10% as strong China sales help drive growth

Ralph Lauren shares surged about 10% in morning trading on Thursday after the high-end apparel brand beat quarterly revenue estimates,

Spain's Supreme Court strikes down national registry for tourist rentals

Spain's Supreme Court has struck down a national registry for short-term tourist rentals seeking to advertise on platforms such as Airbnb that was introduced by the

Deere keeps full-year profit target unchanged, taking sheen off quarterly earnings beat

Farm equipment maker Deere left its full-year profit forecast unaltered, despite topping second-quarter profit estimates on Thursday, as it battles stubbornly

US manufacturing activity rises to four-year high in May, S&P Global survey shows

U.S. manufacturing activity strengthened in May, scaling the highest level in four years, as businesses boosted inventories to guard against potential

Oil market could hit 'red zone' in July-August, IEA chief says

The start of peak summer fuel demand combined with the lack of new oil exports from the Middle

India's 'Cockroach' group goes viral, spotlights Gen Z worries

By Saurabh Sharma and Krishna N.

Private credit bond spreads show smaller lenders priced at greater risk

Bond investors are assigning diverse risk premiums to U.S. private credit firms, with smaller lenders being priced at greater risk and hence wider

Euro zone consumer confidence rises to -19.0 in May

Euro zone consumer confidence rose by 1.6 points in May from the April number, figures released on Thursday showed.

US awards IBM and other firms $2 billion to give America the edge in quantum computing

US awards IBM and other firms $2 billion to give America the edge in quantum computing

Nonprofit fraud: Amid high-profile prosecutions, an accountant explains what’s really going on

The responsibility for policing nonprofits generally falls to state attorneys general, rather than federal authorities.

America’s shoppers are seeking revenge again

America’s shoppers are seeking revenge again

How bushmeat, burial rites and disinformation make the DRC an Ebola hotspot

How bushmeat, burial rites and disinformation make the DRC an Ebola hotspot

SpaceX is poised to go public and test the latest version of its massive Starship rocket amidst criticism about its environmental impact

SpaceX is poised to test its latest, most powerful rocket and to become a publicly traded company, all while under pressure from environmentalists.

The US Constitution and laws do not protect oil companies from being sued over the harm they cause to the climate

Calls for the Supreme Court to give fossil fuel companies immunity from liability for climate-related damage misreads the Constitution, precedent and the role of courts.

US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertainty

Fewer Americans filed for jobless aid last week as layoffs remain low despite a number of uncertainties that continue to cloud the economy

Regulators question StanChart following CEO Winters' AI comments amid job cuts, Bloomberg News reports

Hong Kong and Singapore regulators have sought clarity from Standard Chartered after CEO Bill Winters said the global lender plans to replace "lower-value human capital" with

Stellantis launches $70 billion business plan to 2030 including 60 new models

Stellantis set out a new 60 billion euro ($70 billion) business plan on Thursday that includes 60 new car models by 2030 - from combustion engine to fully

Shrug for Nvidia but IPOs excite

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Nvidia appeared to ring all the bells once again in its latest

IPO-bound SpaceX's board is stacked with Musk empire loyalists

SpaceX's IPO filing reveals a board deeply embedded in Elon Musk's broader business network, with directors tied to Tesla, Google, PayPal and venture firms that have financed

Lower cost Novo, Lilly weight-loss pills draw patients from compounded drugs, doctors say

Lower prices for weight-loss pills from Novo Nordisk and Eli Lilly are prompting patients to switch from compounded medications

Samsung's deal with union hailed as a victory as bonuses less generous than SK Hynix's

The pay deal reached between Samsung Electronics and its union is being hailed as a win for the company which gained key concessions and

Why SpaceX's mega IPO may not signal a broader rebound in listings

SpaceX's record-shattering IPO has given Wall Street the kind of spectacle it has craved since the pandemic-era listings boom, but the once-in-a-

Sterling steady but weak business activity data weighs

The pound was steady against the dollar on Thursday as broader currency markets focused on developments in the Iran war, while traders digested some worse-

SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision

Investors buying into SpaceX's nearly $2 trillion IPO are making a high-stakes wager that CEO Elon Musk can turn a fast-growing satellite business into something far

Iran war drags European economy down, pushes prices up

The energy shock from the Iran war is seeping ever deeper into the European economy, presenting policy-makers with a dilemma as it

Walmart sticks to conservative annual targets as fuel shock dents US spending

By Juveria Tabassum and Nicholas P.

Extreme weather is a menace to homes. Here’s how you can protect your investment

Extreme weather is a menace to homes. Here’s how you can protect your investment

Americans brace for pricey summer travel with fuel costs near multi-year highs

Soaring gasoline prices and a looming fuel crunch from the Iran war are not stopping American travelers from taking to the road as the U.S. summer driving

Grok falls flat in Washington, undercutting SpaceX's AI growth story

SpaceX’s initial public offering is set to be the largest in history, partly fueled by its promise to grab a chunk of what it calls

Vitol moves to open Mexico fuel terminal years after bribery scandal, document shows

Vitol, one of the world's biggest commodities traders, has held talks with service providers and is seeking permits to operate

UK factory orders contract at fastest pace since 2020, CBI says

British factory orders contracted this month at the fastest rate since September 2020 and expectations for selling prices surged, according to a survey on Thursday that illustrated

Germany faces Q2 stagnation, rising prices due to Iran war, Bundesbank says

Inflation in Germany is trending upwards and economic growth will likely be flat during the second quarter, hit by rising fuel expenses and uncertainty due to the Iran

China's Manus founders seek $1 billion to undo Meta takeover, Bloomberg News reports

Manus co-founders are weighing ways to comply with China's order to unwind Meta’s $2 billion-plus acquisition of the AI startup, Bloomberg News reported on Thursday.

Taiwan may limit currency switching for TSMC dollar dividends to once a year, sources say

Taiwan's central bank plans to require foreign investors receiving U.S. dollar-denominated dividends from companies including TSMC to stick with one currency choice and not

Samsung pay deal brings relief but exposes divisions in South Korean city

Around Samsung Electronics' sprawling chip complex southwest of Seoul, workers and residents have met news of a last-gasp

JPMorgan's Aiyengar sees global firms turning to China amid volatility

Global companies are increasingly eager to partner with innovative Chinese firms as mounting economic and geopolitical risks fuel a

Japanese auto exports to Middle East plunge in April as war disrupts shipping

Japanese vehicle exports to the Middle East were nearly wiped out in April, government data showed on Thursday, as the U.S.-Israeli war on Iran disrupted

Euro zone growth set to slow in 2026 as Middle East conflict fuels inflation

The euro zone economy will slow in 2026 after war in the Middle East triggered the second energy shock in less than five years with the severity of

Asia's currencies are flashing oil shock alarm

Asia's policymakers are taking increasingly urgent and unusual steps to shore up their economies on the front line of the global

CEO Dimon says JPMorgan to hire more AI staff, fewer bankers, Bloomberg News reports

JPMorgan will likely hire more artificial intelligence specialists and fewer traditional bankers, CEO Jamie Dimon told Bloomberg News in an interview published late Wednesday. 

UK's QinetiQ reviews US defence business, lifts 2027 forecast; shares jump

QinetiQ was reviewing all options for its struggling U.S. business, it said on Thursday, while lifting its revenue growth and operating margin forecast for the 2027 fiscal year.

Italy could take economic growth lessons from Spain, stats bureau says

Italy's economy will grow by less than 1% this year for a fourth year running, national statistics bureau ISTAT said on Thursday, suggesting ways the

Trump administration seeks to supercharge US AI exports with billions in financing, document shows

The Trump administration on Thursday plans to launch a new program to entice foreign firms to buy U.S.

Wealthy countries' climate finance hit record high in 2024, OECD says

Developed countries provided a record $136.7 billion to help poorer countries cope with climate change in 2024, the OECD said on Thursday.

Ukrainian drones strike Russia's Syzran oil refinery, Kyiv says

Ukrainian drones struck Russia's Rosneft-owned Syzran oil refinery in Samara region overnight, Ukrainian military and President Volodymyr Zelenskiy said on Thursday.

Target bets on babies in campaign for customer loyalty

By Nicholas P.

Ukraine says its drones hit another refinery deep inside Russia as long-range strikes escalate

Ukrainian drones have struck another Russian refinery, igniting a fire and producing massive black smoke

India, Africa Union postpone New Delhi summit amid Ebola outbreak

India and the African Union (AU) have decided to postpone the India-Africa Forum Summit scheduled to be held next week in New Delhi, due to the "emerging

Energy shock from Iran war to weigh on Europe's growth, boost inflation

The European Union’s executive commission has cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran

AI turned Samsung into a $1 trillion company. Its workers want a bigger slice of the pie

AI turned Samsung into a $1 trillion company. Its workers want a bigger slice of the pie

UK firms report slide in activity due to Iran war and political turmoil

British companies are suffering their most widespread drop in activity in over a year due to the economic fallout from the Iran war and political

Euro zone current account surplus narrows in March on trade surplus drop

The euro zone's combined current account surplus narrowed sharply in March on a big drop in the trade surplus, likely caused by higher energy costs, data from the

Trump promised no-cost IVF treatment for all. That’s still a long way off

Trump promised no-cost IVF treatment for all. That’s still a long way off

Europe's economy hit hard as energy price shock stifles demand

Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May as a war-driven surge in living costs hammered

Syria's Sharaa to attend G7 summit in France, sources say

Syria will attend the G7 summit in France next month as a guest nation and be represented by President Ahmed al-Sharaa, three sources familiar with the matter said,

German private sector contracts for second month running, PMI shows

Germany's private sector activity contracted for a second consecutive month in May as the Iran war put the brakes on the country's economic recovery,

US, Philippines to reach deal on economic security zone 'sooner rather than later', US official says

The United States is expected to reach a deal on the long-term framework for an economic security zone with the Philippines "sooner rather than later", a senior U.S.

European equities end flat as investors await Mideast peace updates

European shares ended flat on Thursday, pausing after strong gains in the previous session as investors awaited progress on U.S.-Iran peace

Trump says he’s willing to talk to Taiwan’s leader, a major departure from diplomatic norms

Trump says he’s willing to talk to Taiwan’s leader, a major departure from diplomatic norms

This hard-line Iranian general is a major player in talks with US over war

A hard-line Iranian general linked to notorious attacks at home and abroad is believed to have seized a place near the center of power as negotiations with the United States hang in the balance

From TACO to FOMO: How retail traders turned Trump-driven volatility into a playbook

A wave of retail-driven trading dynamics is reshaping how markets respond to U.S.

Eswatini quickly embraced Trump's deportee program despite doubts over legality

Upon learning through the U.S. embassy that President Donald Trump was looking for African nations to take in deported third-country migrants, Eswatini was one

AI supply chain, Gen Z spending among hedge fund picks at Sohn Hong Kong

Hedge fund managers say they are targeting investments this year in companies from AI-linked data centres and printed circuit board (PCB)

ECB's Rehn sees few signs yet of high inflation taking root

The European Central Bank may raise interest rates to preserve credibility in the face of a war-driven rise in fuel costs but there is little to

BOJ policymaker calls for rate hike, warns of war-led inflation overshoot

The Bank of Japan should raise interest rates at an "appropriate pace" as price pressures from the Middle East war may push underlying inflation

As cocoa prices melt down, real chocolate is making a comeback

After a year of smaller bars, extra wafers and

French economic activity contracts at fastest pace in 5-1/2 years in May, PMI shows

France's private sector economy contracted in May at its sharpest pace in five-and-a-half years, reflecting an accelerated decline in services activity and a fresh drop in

Australian far right party proposes Norway-style oil fund and state oil company

Australian populist party Pauline Hanson’s One Nation said it wanted to create a Norway-style sovereign wealth fund and for the government to take a share

Finland's massive bomb shelters draw world to Helsinki in quest for security

Visiting mayors from Ukrainian cities took pictures inside an enormous cave carved in the bedrock below the Finnish

Samsung Electronics' wage drama not over yet

A look at the day ahead in European and global markets from Gregor Stuart Hunter The fight over pay is not done at Samsung Electronics.

Mideast war dampens India private sector growth, services pick up, PMI shows

India's private sector growth eased in May as a manufacturing slowdown driven by the Middle East war and cooling international demand offset a marginal pick-up in the

Samsung shares soar as strike averted, but bonuses of $416,000 for some stoke concern

Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to avert a

Australia's unemployment hits 4-1/2 year high, lessens risk of rate rise

Australian employment unexpectedly fell in April while the jobless rate jumped to the highest level since late 2021, a possible sign the labour market might be

Australia's Arafura approves $1.6 billion rare earths project

Arafura Rare Earths said on Thursday it had approved the development of its $1.6 billion Nolans project in Australia's Northern Territory, which is set to be the

Taiwan says President Lai would be happy to talk to Trump

Taiwan President Lai Ching-te would be happy to speak with U.S.

US energy storage additions hit a first-quarter record, report shows

U.S. energy storage developers installed 9.7 gigawatt-hours of new capacity in the first quarter of 2026, marking a record high for the quarter, an industry report showed on

Australia's Ionic Rare Earths inks deal with US-based Nth Cycle to boost output outside China

Australia's Ionic Rare Earths said on Thursday it has agreed to work with U.S.-based critical mineral refining firm Nth Cycle to improve rare earths production outside China.

SpaceX aims for 10,000 annual launches within five years, FAA says

SpaceX aims to reach 10,000 launches annually within five years, but government officials will need to see improved reliability before

SpaceX reveals Musk company links, from Cybertrucks and jets to stock investments

SpaceX's IPO filing revealed extensive commercial and financial ties among Elon Musk's companies ranging from Cybertruck purchases and shared private jets to stock

Japan's factory activity expands at slower pace, cost pressures surge

Japan's manufacturing activity slowed slightly in May, while service sector growth ground to a halt for the first time in over a year, as surging costs linked to the Middle

Japan exports rise for eighth month despite supply disruptions

Japanese exports rose for an eighth straight month in April, beating market expectations, bolstered by resilient global demand despite major supply

How Trump's revenge tour against Republicans could cost the party in November

Sixteen months into his second presidency, Donald Trump may be as unpopular as he's ever been among the American electorate – but his grip

Bessent says high bond yields, energy prices are 'transient,' will ease as Iran war ends

The Iran war energy shock, growing inflation concerns and fading interest rate-cut hopes may have bond investors and central bankers on edge but U.S.

IMF wraps up talks with Pakistan authorities on reforms, budget

The International Monetary Fund mission concluded talks with Pakistani authorities on Wednesday, focusing on economic developments, fiscal plans for the next financial year, and

Anthropic nears first quarterly profit, agrees to pay SpaceX $1.25 billion monthly for computing power

Anthropic is closing in on its first quarterly operating profit, a person familiar with the matter told Reuters, as its sales eclipse the enormous costs to develop

Pentagon official's Beijing visit in doubt over $14 billion US arms package for Taiwan, FT reports

Beijing is holding up a proposed visit by the Pentagon's under-secretary of defence for policy, Elbridge Colby, as China pressures U.S.

Japan exports rise 14.8% year/year in April

Japanese exports rose 14.8% year-on-year in April, up for an eighth straight month, data from the Ministry of Finance showed on Thursday.

Australian regulator flags rising global private credit risks, steps up oversight

Australia's financial regulator warned on Thursday that domestic private credit institutions are exposed to risks linked to global market developments and will require closer

Iran war injects fresh urgency into Modi’s ‘Wed in India’ campaign

Iran war injects fresh urgency into Modi’s ‘Wed in India’ campaign

SpaceX reveals plans for what could be the biggest-ever initial public offering

Elon Musk announced plans Wednesday for one of the biggest sales of stock to the public ever for his space company that is currently losing billions of dollars year

SpaceX IPO filing lays bare losses and Musk control as it stakes future on AI

SpaceX took the wraps off its IPO filing on Wednesday, laying bare for investors just how much Elon Musk is losing on artificial intelligence while

'I'm not greedy': January 6 rioters and Trump allies eye $1.8 billion 'weaponization' fund

Since President Donald Trump's administration announced the creation of a $1.776 billion fund for Americans deemed to be victims of political "

SpaceX IPO filing brings Musk's interplanetary ambitions to Wall Street

As Elon Musk's SpaceX races toward what could be the largest IPO in history, its filing delivers a rare mix of hard financial data and bold

Instant View: SpaceX files long awaited IPO, creating a fresh AI play

 Elon Musk's rocket and satellite maker ​SpaceX filed on Wednesday for its widely awaited initial public offering, which stands to raise the most ever in an initial

Nvidia bets on new data center chips for growth as sales outlook tops estimates

By Stephen Nellis, Max A.

AT&T sues California in bid to stop offering traditional phone service

AT&T on Wednesday filed suit against California officials seeking a court order declaring it does not have to continue offering traditional copper

Brazil's government close to finalizing proposal on farmers' debt renegotiation

Brazil's government is expected to finalize in the coming days a proposal for the renegotiation of debt in the agribusiness sector, Finance Minister Dario Durigan said on

Trump's $1.776 billion 'weaponization' fund sparks outrage, but court challenges will be tough

Opponents of President Donald Trump's sweeping legal settlement with the U.S.

One in three Japan firms using or considering AI robots: Reuters poll

One-third of Japanese companies are already using or considering deploying AI-powered robots, with automakers and other transportation equipment

SpaceX files for long-awaited public stock offering that could make Elon Musk a trillionaire

SpaceX files for long-awaited public stock offering that could make Elon Musk a trillionaire

House committee discusses modernizing the TSA as Trump seeks to privatize airport screening

A House committee has discussed the future of the Transportation Security Administration as the Trump administration lobbies to replace TSA officers with private contractors

One GOP congressman is vowing to end Trump’s $1.8 billion compensation fund for allies

One GOP congressman is vowing to end Trump’s $1.8 billion compensation fund for allies

Elf Beauty forecasts weak year, flags up to $20 million hit from Iran war

Elf Beauty on Wednesday forecast annual sales and profit below analysts' expectations, and said surging oil prices tied to the Iran war could

US charges Raúl Castro with murder as Trump escalates pressure on Cuba

The United States announced murder charges against former Cuban President Raúl Castro on Wednesday, a major escalation in

NextEra to buy Quantum-backed energy firm Caliber, set up US shale JV, sources say

NextEra Energy has agreed to buy U.S. oil and gas investment firm Caliber Resource Partners for $1.3 billion and has separately set up a joint venture with

Trump nominee vows to press Seoul on its $350 billion pledge

President Donald Trump's nominee to be the U.S. ambassador to South Korea vowed on Wednesday to press South Korea to learn where

Fed proposes limited payment accounts for fintechs, others

The U.S.

Anthropic confidentially files for US IPO as it looks to beat OpenAI

Anthropic said on Monday it had confidentially filed for its U.S. initial public offering, as the AI heavyweight looks to beat archrival OpenAI to the IPO market.

Trading Day: Lift off for stocks and bonds

Stocks rallied while oil and bond yields tumbled on Wednesday, on growing hopes that a U.S.-Iran peace deal could be imminent, and shares in

Trump says willing to wait for a few days to get 'right answer' on Iran peace deal

U.S.

Bolivia plans cabinet shakeup amid protests, dismisses Colombian ambassador

Bolivian President Rodrigo Paz on Wednesday said that he would reshuffle his cabinet in response to weeks of nationwide protests over austerity measures , while his

Intuit trims annual TurboTax revenue forecast, to cut 17% of workforce

Intuit lowered annual revenue forecast for its tax-filing software, TurboTax, on Wednesday and said it would cut 17% of its full-time workforce, sending its shares down 14% after

US removes UN expert Francesca Albanese from sanctions list

The United States has removed Francesca ​Albanese, a U.N. expert on the ‌Palestinian territories, from its list of sanctioned individuals, according to the U.S.

Bond yields, oil fall amid hopes for Iran deal; stocks end up with chip shares 

U.S.

Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand

Artificial intelligence chipmaker Nvidia’s quarterly results blew past Wall Street’s expectations once again, fueled by massive demand for its high-end AI chips

Trump has long kept his tax returns secret. He says that might change now, after IRS deal

President Donald Trump's legal team has reached a deal with the Justice Department to drop tax claims against him, his family and associates

The Latest: US indicts former Cuban President Raúl Castro over 1996 downing of planes

Federal prosecutors on Wednesday charged former Cuban President Raúl Castro with ordering the 1996 shootdown of civilian planes operated by Miami-based exiles, a major escalation of pressure by the Trump administration on the socialist government

US stocks rally after pressure eases from the bond market and oil prices fall

The U.S. stock market bounced back after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains

As CFP barrels toward 24 teams, the questions remain: Who's paying for this, and how much?

The Big Ten is pushing to expand the College Football Playoff to 24 teams, but the question is who will televise it

Chud the Builder shows how fast and easy it is to become notorious

Chud the Builder shows how fast and easy it is to become notorious

Iran seeking mechanism with Oman over Hormuz, foreign ministry spokesperson says

Iran is seeking to establish a mechanism with Oman to ensure sustainable security in the Strait of Hormuz, Iranian foreign ministry spokesperson Esmaeil Baghaei told state TV

US Democrats push to rein in Trump on Cuba as White House steps up pressure

A group of Democratic U.S. senators introduced a resolution to stop President Donald Trump from using the military against Cuba on Wednesday, as his

Who is Raul Castro, the Cuban leader facing a US indictment?

Former Cuban President Raul Castro, the 94-year-old brother of revolutionary leader Fidel Castro, has been indicted by the United States in connection with Cuba's deadly 1996

Brazil to export record coffee volume, El Nino in focus, trading firm says

Brazil will export a record volume of coffee in the new crop year that starts in July because of likely all-time-high coffee production, an

Business Insider CEO Barbara Peng to depart end June

Business Insider CEO Barbara Peng will leave the media company by the end of next month to pursue new opportunities created by technological change, she said on Wednesday.

Harvard faculty take aim at grade inflation by capping 'A' grades for students

Harvard University faculty have imposed a limit on the number of "A" grades that can be given to undergraduate students in an effort to end a growing trend of grade inflation at the

PepsiCo to raise prices on small chip bags, Bloomberg reports

PepsiCo is preparing to raise prices on some of its smaller bags of chips due to higher expenses in the U.S., Bloomberg News reported on Wednesday.

Wall St climbs 1% with chip stocks rallying before Nvidia results

Wall Street's main indexes rallied more than 1% on Wednesday, bouncing back from a three-day selloff with a boost in sentiment from technology and

Republicans mull dropping $1 billion security money request for the White House and Trump's ballroom

Republican senators are considering dropping a proposal for $1 billion in security money for the White House complex and President Donald Trump’s ballroom after it has failed to win enough party support on Capitol Hill

Cargill locks out 1,700 workers at US beef plant in labor dispute

Cargill stopped paying about 1,700 employees at a beef plant in Fort Morgan, Colorado, on Wednesday in an escalating labor dispute, after suspending cattle

Fed minutes show more policymakers open to a rate hike

Federal Reserve officials' concerns about inflation being stoked by the Iran war intensified last month, with a growing number open to the possibility that

US military boards Iranian-flagged oil tanker suspected of trying to breach blockade

The U.S. military says it boarded an Iranian-flagged commercial oil tanker in the Gulf of Oman that was suspected of trying to violate the American blockade

When a president settles his own lawsuit to create a fund for allies, fundamental questions about justice arise

Donald Trump’s suit against the IRS and the settlement creating a $1.776 billion Anti-Weaponization Fund to compensate his allies raise important moral and constitutional issues.

House passes housing affordability bill that softens institutional investor ban

House passes housing affordability bill that softens institutional investor ban

‘Looked like the devil had come to town’: Meade County woman loses family home in wildfires

‘Looked like the devil had come to town’: Meade County woman loses family home in wildfires

Lincoln International valued at $2.3 billion as shares jump in NYSE debut

Lincoln International notched a $2.3 billion valuation after shares gained 12.6% in their New York debut on Wednesday as investors snapped up a rare

Germany seeks to make defence procurement agency more agile

Germany is reorganizing its defence procurement agency to make the system more flexible and responsive, the defence ministry said on Wednesday as it moves ahead with the

EU paves way to finalise US trade deal and avoid Trump tariff hike

The European Union struck a provisional agreement on Wednesday on legislation to remove import duties on U.S. goods, a key part of a trade deal

USTR welcomes EU progress on trade deal, says Brussels must also address non-tariff barriers

The U.S.

OpenAI aiming for speedy IPO, source says, as market awaits SpaceX filing

OpenAI is preparing to confidentially file for a U.S. initial public offering in the coming weeks, a source familiar with the matter said on

Trump: may have to hit Iran harder - or maybe not

President Donald Trump said on Wednesday that the United States may have to attack Iran even harder but will wait and see if a deal is reached, reprising

Officers who defended Capitol from rioters sue to block payouts from $1.8B ‘anti-weaponization’ fund

Two police officers who helped defend the U.S. Capitol during the Jan. 6 riot are suing to block anyone from receiving payouts from a new $1.776 billion settlement fund for people who claim to be victims of politically motivated prosecutions

IRS barred from investigating Trump or his family for past tax issues, as part of controversial lawsuit agreement

The Internal Revenue Service cannot ever bring claims against President Donald Trump, his family or businesses for past tax issues under the additional terms published Tuesday in the agreement the Justice Department reached with Trump to resolve his $10 billion lawsuit against the IRS for the disclosure of his tax returns.

Sherritt agrees to sell stake in Cuba mining business to company linked to former Trump adviser

Canadian miner Sherritt International Corp. has signed a non-binding agreement with Gillon Capital LLC

China’s Xi gives Putin a red-carpet welcome – and makes a veiled jab at the US

China’s Xi gives Putin a red-carpet welcome – and makes a veiled jab at the US

Barney Frank, a liberal congressman and trailblazer for gay rights, dies. He was 86

Barney Frank has died

This summer could be the worst on record for teen hiring. Tell us your experience

This summer could be the worst on record for teen hiring. Tell us your experience

Google rejects UK union recognition but offers talks via conciliation body

Google said it had rejected a request from two British unions for voluntary recognition but would negotiate with them via a state-backed conciliation service,

US offers new relationship to Cuba in Rubio message

U.S.

ECB June rate hike case is nearly sealed but July is fully open, sources say

The case for a European Central Bank rate hike in June is nearly sealed but the bank is likely to be noncommittal about any further

Volkswagen is not in talks with Chinese, CEO says in bid to calm workers

Germany's Volkswagen is not currently in talks with Chinese manufacturers regarding overcapacity at its car plants in Europe, although the problem does have

France, Morocco prepare treaty to foster ties

Moroccan and French foreign ministers said on Wednesday the two countries are preparing to sign a treaty to strengthen ties during an upcoming state visit

Samsung union suspends planned strike after reaching tentative pay deal

Samsung Electronics' union said it would suspend a strike shortly before it was set to begin on Thursday after it

Airbus informs some customers of further A350 delays, sources say

Airbus has informed some customers of further delays to A350 deliveries later this decade, raising fresh concerns over shipments from a U.S. parts factory

Thousands of Chicago-area home listings just went dark on Zillow. Here’s why

Thousands of Chicago-area home listings just went dark on Zillow. Here’s why

Lowe's sticks to forecasts amid muted US housing market, flags cost pressures

Lowe's on Wednesday joined larger rival Home Depot in signaling a squeeze from the subdued U.S. housing market, and said elevated oil prices were fueling

Dollar dips on hopes for Iran deal, yen near danger zone

The U.S. dollar retreated from a six-week high on Wednesday on rising hopes that the U.S. is nearing a deal with Iran to end the war in the Middle East.

Amazon.com defeats appeal claiming it aided tariff evasion

A U.S. appeals court on Wednesday rejected a whistleblower's claim that Amazon.com helped foreign fur manufacturers evade tariffs on products sold on

Meta CEO tells employees he does not expect more company-wide layoffs this year

Meta CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of

Trump to speak with Taiwan's president in a new challenge for US-China relations

U.S.

Target books strongest sales growth in 4 years with customers buying into refreshed lineup

Target, which embarked on a turnaround plan under its new CEO earlier this year, reported the biggest increase for a widely watched measure of quarterly sales in four years

Ukraine ally Britain eases new sanctions on Russian oil as fuel prices surge over Iran war

Prime Minister Keir Starmer insists that Britain’s support for Ukraine remains strong, despite the U.K. delaying some new sanctions on Russian oil

S&P 500, Nasdaq open higher as chip stocks gain ahead of Nvidia results

The S&P 500 and the Nasdaq opened higher on Wednesday, lifted by a rebound in chip stocks ahead of Nvidia's quarterly earnings, which investors view as a crucial test of AI demand

US sanctions hit alleged Sinaloa cartel fentanyl network, including a Chihuahua restaurant

The U.S. is imposing sanctions on over a dozen individuals, a Mexican restaurant, and a security firm linked to the Sinaloa cartel's fentanyl trafficking

Intuit to cut 17% of global jobs to streamline operations, memo shows

Intuit is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets

UK shares rise as softer inflation tempers some rate hike bets

UK shares closed higher on Wednesday after a softer-than-expected April inflation reading tempered some interest-rate-hike bets, while a drop in crude oil prices and stabilizing

Lambda wins cloud deal with Hudson River Trading to supply access to Nvidia chips

Artificial intelligence cloud computing startup Lambda on Wednesday said it has won a cloud contract with

Barney Frank, liberal icon who regulated a ‘too big’ financial industry, dies at 86

Barney Frank, liberal icon who regulated a ‘too big’ financial industry, dies at 86

Gazans barred from Hajj, animal sacrifice as major Muslim festival nears

In a tent in southern Gaza, Najia Abu Lehia mourns not only her husband but also their failure to make the pilgrimage to Mecca,

Stellantis, JLR to explore jointly developing vehicles in US

Stellantis and Britain's Jaguar Land Rover will consider jointly developing vehicles in the U.S., the French-Italian automaker said on Wednesday.

ASML CEO sees tight supply in booming chip market as AI demand soars

The booming global semiconductor market will be "tense" with tight supply for the foreseeable future, the head of chip-making machine giant ASML

Colombian presidential candidate Valencia vows end to 'total peace' policy, will be tougher on security

Colombian presidential candidate Paloma Valencia said she would scrap the government's “total peace” policy and pursue a tougher security strategy

Xi and Putin unite to criticise US, but fail to clinch big gas deal

China and Russia condemned U.S.

Brazil's iFood sues Meituan-backed Keeta over alleged espionage

Brazilian food delivery app iFood, owned by Dutch investment group Prosus, is suing rival Keeta, controlled by Chinese group Meituan, for alleged

Wendy's names restaurant industry veteran Wright as new CEO

Wendy's on Wednesday named industry veteran Robert Wright as president and chief executive officer, effective May 21, as the restaurant chain battles weak sales and pressure from an

Hasbro keeps annual forecasts intact despite quarterly results beat

Hasbro on Wednesday reaffirmed its annual forecasts even as it reported first-quarter revenue and profit above estimates amid looming macroeconomic

Bank of England has time to gauge impact of Iran war, Bailey says

A rise in market interest rates since the start of the Iran war has given the Bank of England more time to assess the economic impact

Discount retailer TJX raises annual forecasts as US shoppers hunt for value

TJX Cos raised its annual comparable sales and profit forecasts on Wednesday, banking on resilient demand at its off-price retail stores as budget-conscious consumers increasingly

GameStop increases stake in eBay to more than 6%

GameStop increased its stake in eBay to about 6.6% from around 5%, according to a regulatory filing, the latest step in the

Barney Frank, architect of landmark Wall Street reforms, dies at 86

Former U.S.

Putin and Xi hail their friendship and growing energy trade at their meeting in Beijing

Chinese leader Xi Jinping and Russian President Vladimir Putin have hailed their strategic ties and energy trade during a meeting in Beijing

The GOP's YOLO caucus is small but growing. That may spell trouble for Trump's congressional agenda

A small but growing group of Republican lawmakers is showing independence from President Donald Trump

Trump’s portrait hits New Delhi traffic as US Embassy rolls out 'Happy Birthday America!' rickshaws

In New Delhi, some auto-rickshaws are now displaying images of U_S_ President Donald Trump with the slogan “Happy Birthday America!”

In Iran's capital, weapons demonstrations send a signal at home and abroad as threat of war remains

Weapons are now regularly brandished in Tehran in an increasing show of defiance

Single Gen Z women outpace Gen Z men to homeownership despite overall decline in first-time buyers

Single Gen Z women are outpacing the men of their generation when it comes to buying a home

'Am I out?' Drought and rising costs from Iran war deepen pain for US farmers

Scott Irlbeck crouched in a field of stunted wheat plants in a parched stretch of West Texas and slipped his hand into a crack wide

US mortgage rates rise to 6.56%, MBA says

The rate on the most popular U.S. home loan rose last week to its highest in seven weeks, as concerns about inflation from higher oil prices and an uncertain outlook for the Iran

Nuclear energy, Taiwan and Trump's 'Golden Dome': key points from the Xi-Putin talks

China's Xi Jinping and Russia's Vladimir Putin on Wednesday hailed progress in their 'comprehensive partnership' and criticised U.S.

Don't fight AI, HSBC CEO tells staff as banks begin job cuts

HSBC appealed to staff not to fight AI on Wednesday, saying it would destroy jobs while creating new ones, as banking rival

Hormuz closure could trigger 'agrifood shock', price crisis within a year, FAO warns

The closure of the Strait of Hormuz is the beginning of a "systemic agrifood shock" that could trigger a severe global food price crisis within six to 12 months, the United

Philip Morris names insider Massimo Andolina as CFO

Philip Morris International on Wednesday named insider Massimo Andolina as its chief financial officer, effective August 1, succeeding Emmanuel Babeau.

China still Germany's top trade partner in first quarter, US close behind

China remained Germany's biggest trading partner in the first quarter of 2026, but only narrowly ahead of the United States as German exports to China fell sharply,

Morgan Stanley asks bankers to carry a separate phone for China trips, source says

Morgan Stanley has asked its Hong Kong-based bankers to carry new mobile devices issued exclusively for business travel to mainland China, as international

Bank of Israel seen resuming rate reductions next week with 25 bps cut - Reuters poll

The Bank of Israel is expected to resume interest rate cuts next week after a brief pause, due to stable inflation, a strong shekel and a ceasefire with Iran that has

Chipmaker Analog Devices forecasts third-quarter revenue above estimates amid AI boom

Chipmaker Analog Devices forecast third-quarter revenue above Wall Street estimates on Wednesday, a sign of growing demand for its power-management semiconductors and sensor

Six tax tips you should start thinking about now

Simple questions to ask year-round that can help you keep more of what you earn

George Soros’ foundations pledge $300M for US democracy amid attacks on nonprofits

George Soros’ Open Society Foundations pledged $300 million Wednesday to initiatives it says will defend democratic rights and advance economic security in the U.S. over the next five years

Kansas farmers pulled by weather extremes and growing costs, wheat crop could be worst since 1972

Amid a punishing drought, tariffs and the high cost of fertilizers, farming wheat has become more uncertain as farmers in western Kansas are feeling the impact in their major wheat producing region

Memorial Day sticker shock: Gas prices near all-time highs

Memorial Day sticker shock: Gas prices near all-time highs

Target’s comeback strategy is working

Target’s comeback strategy is working

Singapore in talks with tech firms about adding 'nutrition labels' to AI products, minister says

Singapore is in talks with technology companies about attaching "nutrition labels" to AI products, designating their intended uses and limitations, a senior minister said

StanChart CEO seeks to reassure staff over 'lower value human capital' comment

Standard Chartered CEO Bill Winters sought to assuage staff concerns on Wednesday, a day after saying that the bank will cut thousands of jobs over the next

European shares end near two-week highs on defence, tech boost 

European shares finished near two-week highs on Wednesday, aided by defence and technology stocks, as investors awaited a critical earnings

Macron ally cleared to run French central bank

Emmanuel Moulin, President Emmanuel Macron's former chief of staff, on Wednesday won lawmakers' approval to head the Bank of France after

Supreme Court rulings loom in four major Trump-related cases

President Donald Trump was incensed on February 20 when the U.S.

AI financing fueling a surge in U.S. convertible bond sales

Corporate America is tapping the convertible bond market at a record pace as companies linked to artificial intelligence drive a surge in demand for debt

Indonesia unveils plan to centralise control of commodity exports

Indonesia unveiled a sweeping plan on Wednesday to centralise exports of key commodities such as palm oil and coal,

Samsung's union puts off strike after reaching last-minute wage deal with management

Samsung Electronics’ labor union says it’ll hold off a planned strike and put a tentative wage deal with management to a vote

Demand soars for Israel's battle-tested weapons tech despite global criticism of its wartime conduct

Demand is soaring for Israel's battle-tested weapons and military technology, despite widespread condemnation by rights groups and the international community over the country's conduct in wars, particularly in Gaza

Taiwan's Lai says he'd tell Trump he hopes to continue arms purchases from US, if given a chance

Taiwan President Lai Ching-te says that if given the chance he would tell U.S. President Donald Trump he hopes to continue U.S. arms purchases that are essential for peace

How to recession-proof your life

How to recession-proof your life

China confirms Boeing purchases and other trade terms from Trump’s visit

China confirms Boeing purchases and other trade terms from Trump’s visit

Where Trump stands with Republicans nationally, according to the latest AP-NORC poll

A new poll finds that Republicans are unhappier with President Donald Trump’s handling of the economy than they were a few months ago, but they’re largely continuing to stand behind him as the war with Iran continues

Sberbank seeks Chinese chips to power Russia's GigaChat AI model

Russia hopes to power its flagship GigaChat AI model with Chinese-made chips, Sberbank's CEO said during President Vladimir Putin's visit to China, as Western sanctions

No major breakthroughs in Trump-Xi summit, UN chief says

A meeting between the leaders of the world's two biggest economies last week may have lowered tensions but achieved no breakthrough, the UN's Secretary-General said on

China says rare earth controls lawful, will cooperate with US on 'reasonable' concerns

China will work with the U.S. on "reasonable" concerns regarding its rare earth export controls, the Ministry of Commerce said on Wednesday, in a statement

South Korea weighs emergency step to blunt blow from Samsung strike

Samsung Electronics' labour union plans to embark on a massive 18-day strike on Thursday after bonus payment talks with management collapsed and attention is now

US Homeland Security says it assisted Spain in probe of former PM Zapatero

The United States' Department of Homeland Security assisted Spanish police in a money-laundering probe that led to an investigation by Spain's High Court of

Indonesia unveils ambitious targets, tightens commodities grip in pursuit of 'magnificent prosperity'

Indonesia's president unveiled ambitious economic targets for 2027 on Wednesday and a plan to boost revenue with state control of top

Bulgaria wants U.S. to allow visa-free travel for its nationals, says PM

Bulgarian Prime Minister Rumen Radev on Wednesday said he spoke to U.S.

As Merz struggles, Germany's far-right AfD goes local to woo voters

As German Chancellor Friedrich Merz struggles to halt a relentless slide in approval ratings, Ulrich Siegmund,

Foreign selling in Asian equities rises as bond yields climb

Foreign selling in Asian equities has accelerated so far in May as investors turn cautious over the impact of war-driven inflation and higher borrowing costs on corporate margins

Tech leaders favoured by hedge funds last month, Hazeltree says

Hedge funds stuck to their holdings in companies with strong fundamentals in April, particularly technology and semiconductor stocks, according to a report on Wednesday from

Indonesia central bank delivers hefty interest rate rise as it looks to stem battered rupiah's fall

Indonesia's central bank raised its policy interest rates by a larger-than-expected 50 basis points at a policy review on Wednesday, as

As stocks slump, cue Nvidia

(Corrects paragraph 10 to say BoE kept interest rates on hold at its last meeting) A look at the day ahead in European and global markets from Kevin Buckland As if markets haven't been volatile enough

Russian attacks kill two in Ukraine; Kyiv drones strike central Russia

Two people were killed and 19 injured in Russia attacks on Ukraine overnight, local officials said on Wednesday, while Ukraine sent drones to strike

China's Chery hopes to enter US market at 'suitable' time

China's largest car exporter, Chery, is considering entering the U.S. market at a suitable time, an executive overseeing its international business said on Wednesday,

China again flags tariff cuts for US agricultural trade after Trump-Xi meeting, but still no details

China and the U.S. have agreed to cut tariffs on agricultural trade as part of a broader trade deal, the Ministry of Commerce

UK inflation dips in only temporary relief from Iran war impact

British inflation cooled by more than expected in April but the slowdown did little to mask a tough outlook for households, with global costs

Fed up with bad behavior, Thailand reduces visa-free length for over 90 countries, including the US

Fed up with bad behavior, Thailand reduces visa-free length for over 90 countries, including the US

China says it will buy 200 Boeing jets, seek extension of US trade truce

China on Wednesday said it will buy 200 Boeing jets and seek an extension of a trade truce struck with the U.S. that is set to expire this

Alibaba unveils new AI chip in push for domestic alternatives

Alibaba Group on Wednesday unveiled a new AI chip, the Zhenwu M890, as the Chinese technology giant intensifies efforts to build domestic alternatives to Nvidia

Singapore urges financial firms to use AI to create better jobs

Singapore's banks and financial firms should use artificial intelligence to create better jobs and train workers for higher-value roles, not just cut

JPMorgan's digital retail bank in Germany open for business

JPMorgan said that it was officially opening its Chase digital retail bank in Germany on Wednesday, with customers now able to download an app and its website going live.

Chile's Kast names new security minister in cabinet shuffle

Chilean President Jose Antonio Kast on Tuesday replaced the people who held two key roles in his government, naming Martin Arrau as security minister and Claudio Alvarado

Europe EV sales leap as Iran war pushes up petrol pump prices

Demand for electric vehicles in Europe has surged as high fuel prices linked to the Iran war propel sales of

The AI bots are coming and the young are booing, not applauding

The AI revolution is here and the boos are getting louder.

HSBC CEO says AI will destroy and create new jobs, urges staff to embrace change

HSBC Chief Executive Georges Elhedery said on Wednesday AI would destroy and create certain jobs in the financial industry, and the bank was retraining its

Trump ousts Massie, and other takeaways from Tuesday’s primary elections

Trump ousts Massie, and other takeaways from Tuesday’s primary elections

Russia considers joint projects with US and China, media quote Putin's envoy

Russia is considering the possibility of joint projects with the United States and China, Kirill Dmitriev, head of the Russian Direct Investment Fund, Russia's sovereign wealth fund

US pursuing second criminal investigation into Maduro, sources say

The U.S. is pursuing a second criminal investigation into ousted Venezuelan President Nicolas Maduro, raising the possibility that he

US charges three Malaysian state telecoms officials for multimillion-dollar fraud

The United States has charged three senior employees of Telekom Malaysia (TM) for allegedly misappropriating over $20 million from the Malaysian state

EU paves way to finalise US trade deal and avoid Trump tariff hike

The European Union struck a provisional agreement on Wednesday on legislation to remove import duties on U.S. goods, a key part of the trade deal

Australia's tax changes will re-wire investors to chase income

Australia's planned tax overhaul is set to reshape the market's investment landscape, with high-dividend blue chips poised to benefit at the expense of

OpenAI to open its first applied AI lab outside of U.S. in Singapore

OpenAI will open its first applied AI lab outside of the U.S. in Singapore, the city-state's Ministry of Digital Development and Information said on Wednesday. 

The Latest: Gallrein defeats Massie in Kentucky, furthering Trump’s hold on GOP

Primary elections have been held in Kentucky, Alabama, Georgia, Oregon, Idaho and Pennsylvania

US regulator sues to block Minnesota's first-in-nation ban on prediction markets

The U.S.

Non-citizens face more scrutiny on bank activities after Trump order

Non-citizens in the U.S. will face greater scrutiny on their banking activities following an executive order by President Donald Trump on Tuesday,

Trump tells Fed to consider fintech access to payment accounts

U.S.

New settlement term bars IRS from investigating Trump, his family for past tax issues

New settlement term bars IRS from investigating Trump, his family for past tax issues

US nuclear power pact with Saudi Arabia lacks strict guardrails, letter says

A proposed U.S. pact with Saudi Arabia on its development of nuclear power lacks the strictest guardrails that Democratic lawmakers had urged,

UN lowers forecast for global economic growth in 2026 over Mideast energy crisis

The United Nations has lowered its forecast for global economic growth and raised the prospects for inflation in response to Middle East crises and rising oil prices

Vance takes his fight against fraud to red Ohio, muddying waters for GOP's Vivek Ramaswamy

Vice President JD Vance’s decision to extend his fight against Medicaid fraud beyond Democratic states to his red home state of Ohio has set off a scramble among the state’s Republicans — including his close ally Vivek Ramaswamy, the party’s nominee for governor

Trump discloses thousands of stock trades, some in companies directly influenced by his policies

Recent presidents have stayed away from trading stocks in companies whose fortunes they could lift or scuttle with the stroke of a pen

US missionary who contracted Ebola is on his way to Germany, CDC says

A U.S. citizen who contracted Ebola in the Democratic Republic of Congo, where an outbreak of a rare strain of the virus

Analog Devices to buy Empower Semiconductor for $1.5 billion to boost AI power portfolio

U.S. chipmaker Analog Devices said on Tuesday it would acquire Empower Semiconductor for about $1.5 billion in cash, expanding its AI-focused power management portfolio.

US government agrees to drop tax claims against Trump in broadening of IRS lawsuit settlement

The U.S. government has agreed to permanently drop tax claims against President Donald Trump, according to a settlement document that is part of a deal to resolve Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns

Busiest US commuter rail system resumes operations as deal reached to end strike

Trains are rolling again on the Long Island Rail Road after a deal was reached to end a strike that had shut down the busiest commuter rail system in the country

NFL owners approve playing up to 10 international games beyond 2026 season

The NFL will be playing more games overseas

Cook County Sheriff's Office finds $1.5 million worth of laptops in stolen trailer

Cook County Sheriff's Office finds $1.5 million worth of laptops in stolen trailer

US stocks fall further from their records after bond markets crank up the pressure

The U.S. stock market gave back more of its record-setting rally

Here's why a large number of gas stations have closed in Bay Area

Here's why a large number of gas stations have closed in Bay Area

Residents come together to fundraise for understaffed fire district

Residents come together to fundraise for understaffed fire district

Brazil launches $6 billion subsidized credit line for ride-hailing drivers, taxi operators

Brazil's government on Tuesday unveiled a program offering up to 30 billion reais ($5.95 billion) in subsidized credit for ride-hailing drivers and taxi operators to

Italy and India set to upgrade ties during Modi's visit to Rome

Italy and India will seek to reinforce diplomatic and trade ties during Prime Minister Narendra Modi's visit to Rome by elevating their relationship to that

Homeowner shares fears after tree crashes onto property during high winds

Homeowner shares fears after tree crashes onto property during high winds

Google announces slew of AI advances, including a personal AI assistant coming soon

Google is introducing a range of new AI tools, including an AI assistant called Gemini Spark, which proactively performs tasks for users

The Latest: US government will permanently drop tax claims against Trump as part of IRS lawsuit deal

The U.S. government agreed to permanently drop tax claims against President Donald Trump as part of a settlement deal to resolve Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns

Democratic-led states challenge the Trump administration's new caps on federal student loans

A coalition of Democratic-led states is challenging the Trump administration’s recent caps on federal student loans, arguing the limits will make it harder for students pursuing certain healthcare degrees to attain the necessary training and education

Graduates are booing pep talks on AI at college commencements

Artificial intelligence has become an unwelcome topic at college commencements

NTSB probes why a UPS jet lost an engine and crashed on takeoff

NTSB probes why a UPS jet lost an engine and crashed on takeoff

Appeals court judges appear to be divided over Pentagon's legal dispute with AI company Anthropic

A panel of appellate judges appears to be divided over a legal dispute between the Pentagon and Anthropic

Takeaways from Todd Blanche’s Senate testimony: Weaponization fund, Epstein probes and Trump prosecutions dominate

Takeaways from Todd Blanche’s Senate testimony: Weaponization fund, Epstein probes and Trump prosecutions dominate

30-year US Treasury yield hits highest level in 19 years

30-year US Treasury yield hits highest level in 19 years

Putin visits China to reaffirm Russia ties as Xi also seeks stable US relations after Trump summit

Russian President Vladimir Putin has arrived in China for meetings with Chinese leader Xi Jinping

IIF cuts South Africa 2026 growth forecast as Middle East conflict bites

By Colleen Goko JOHANNESBURG, May 19 - South Africa's improving economic outlook has been clouded by the Middle East conflict, which is pushing up energy costs and complicating monetary policy, the

Affordable Care Act enrollment projected to plunge by 5 million as costs spike, analysis shows

Nationwide enrollment in the Affordable Care Act marketplace could drop by nearly 5 million people this year

Xi’s double act: Putin arrives in China days after Trump’s departure

Xi’s double act: Putin arrives in China days after Trump’s departure

The market powerful enough to sway stocks and Trump is rumbling again

The bond market is making noise again

Epic Games' 'Fortnite' returns to App Stores worldwide

Epic Games said on Tuesday its popular shooter title "Fortnite" has returned to global App Stores, as the videogame maker signaled confidence in a favorable outcome from an ongoing

S&P 500 and Nasdaq open lower as chip stocks drag, inflation fears persist

The S&P 500 and the Nasdaq opened lower on Tuesday, pressured by a selloff in heavyweight chip stocks and lingering inflation concerns as Treasury yields continued to rise.

Canada's inflation rate accelerates to 2.8% as Iran war pushes up gasoline prices

Canada's annual inflation rate accelerated to 2.8% in April from 2.4% in March, driven largely by a surge in gasoline prices after the Iran war pushed

Home Depot flags choppy demand for large remodels as housing affordability bites

Home Depot said on Tuesday Americans were scaling back large remodeling projects as they grapple with mounting macroeconomic uncertainty and a subdued housing

US imposes fresh sanctions on Iranian exchange house, shadow fleet vessels

The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on

Self-censorship, more stress, tougher recruiting – we asked US researchers how the Trump administration’s science policies have affected them

What do US researchers make of all the Trump administration science-related policy changes? A survey of 280 academic scientists asked them.

New SNAP rules requiring that benefits be used at stores selling healthier food could backfire

Many convenience stores, corner markets, bodegas and other small stores will have to make changes if they want to continue to accept SNAP benefits.

SpaceX's upgraded Starship V3 ready for debut launch ahead of IPO

SpaceX is poised this week to conduct the 12th uncrewed test flight of its next-generation Starship rocket, the first of a newly

Video and satellite photos show Iran war oil spill on Persian Gulf island

A mysterious attack on an Iranian oil refinery during the Iran war caused an oil spill that affected a nearby Persian Gulf island that’s a protected breeding ground for wildlife

Malaysia seeks $251 million from Kongsberg after Norway scuttles missile deal

Malaysia's government is seeking $251 million in compensation from Kongsberg Defense & Aerospace AS after Norway revoked an export permit

BOJ could temper its taper as bond wobbles rattle markets

Financial market turbulence could force the Bank of Japan to go slow on the unwinding of its massive debt holdings, giving anxious bond investors some relief

BoE weighs alternatives to stablecoin holding limits following industry pushback

The Bank of England is weighing alternatives to holding limits on stablecoins and will publish draft rules next month, it said on Tuesday. 

How to oil-proof your life

How to oil-proof your life

US to host G20 trade ministers meeting in Wisconsin later this year

U.S.

What are Samsung union workers demanding and how might a strike play out?

South Korean memory chip maker Samsung Electronics is facing its worst-ever strike, with nearly 48,000 workers threatening to walk off production lines on Thursday for 18

Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty

Home Depot’s results beat Wall Street’s expectations in the fiscal first quarter on a strong showing from professional customers while homeowners started stocking up on some of their spring supplies

Auto industry braces for motor oil shortage

Auto industry braces for motor oil shortage

What previous Super El Niños can tell us about the next one

What previous Super El Niños can tell us about the next one

Lee and Takaichi hold 4th meeting in 6 months to push South Korea-Japan cooperation

South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi have emphasized the need for cooperation amid global challenges, including the Iran war

Starbucks Korea CEO fired after ‘Tank Day’ promo evokes brutal crackdown on democracy

Starbucks Korea CEO fired after ‘Tank Day’ promo evokes brutal crackdown on democracy

Investors see no let-up in bond market strain

The latest sharp selloff in U.S. Treasuries may be far from over.

StanChart to cut over 7,000 jobs, boost AI to replace 'lower-value human capital'

Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace "lower-value human capital" with technology, becoming

What to know about Trump’s $1.8 billion taxpayer-fueled fund for his allies and IRS audit agreement

What to know about Trump’s $1.8 billion taxpayer-fueled fund for his allies and IRS audit agreement

Stellantis to push US revival, brands and Chinese deals in high-stakes pitch to investors

Stellantis' CEO Antonio Filosa will outline a new long-term strategy to investors on Thursday with a focus on reviving crucial U.S. sales, tightening the

Trump’s tough-talk foreign policy is hitting a wall with Iran as it grips Strait of Hormuz

President Donald Trump considers himself an effective dealmaker but appears to have hit a wall with Iran

OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed

Elon Musk lost his case against OpenAI and its top executives in a high-stakes trial that pitted billionaire against billionaires

Australia consumer sentiment edges up in May but remains gloomy

Australia's consumer sentiment rose in May as the oil shock triggered by the Iran war showed signs of easing slightly, but uncertainty over energy supplies and the third

Deal reached to end strike at largest US commuter railroad

Deal reached to end strike at largest US commuter railroad

Negotiators reach a deal to end strike on North America’s busiest commuter rail system

Negotiators have reached a deal to end a strike that has brought North America’s largest commuter rail system to a standstill

Trump administration creates $1.776 billion fund for allies of the president after he drops lawsuit against IRS

Trump administration creates $1.776 billion fund for allies of the president after he drops lawsuit against IRS

What to know about Trump’s nearly $1.8B fund to compensate allies claiming political targeting

The Justice Department has announced a nearly $1.8 billion compensation fund for Trump allies who believe they were wrongly prosecuted by the Biden administration

Justice Department announces nearly $1.8B fund to compensate Trump allies in a deal to drop IRS suit

The Trump administration has announced the creation a nearly $1.8 billion fund to compensate allies of the Republican president who believe they have been unjustly investigated and prosecuted

Trump administration proposes admitting more White South African refugees

Trump administration proposes admitting more White South African refugees

Anthropic to let partners share Mythos cybersecurity findings with others

Anthropic said on Monday it is revising its earlier position to allow users of its Mythos cybersecurity model to share information about cyber threats with others who

RBA worried higher energy costs could quickly lift consumer prices

Australia's central bank is worried higher energy costs will feed through to consumer prices quickly given the stretched state of the domestic economy, potentially creating

Bolivia protesters allied with ex-leader Morales clash with police as unrest widens

Followers of Bolivia’s ex-President Evo Morales have joined a massive protest movement against President Rodrigo Paz

The Latest: Trump calls off Iran strike planned for Tuesday to allow for ‘serious negotiations’

President Donald Trump said he is holding off on a planned military strike on Iran at the request of several allies in the Middle East because “serious negotiations” are underway

Trump says he's called off Iran strike planned for Tuesday at request of Gulf allies

President Donald Trump says he is holding off on a military strike on Iran planned for Tuesday because “serious negotiations” are underway to end the war

Meta lays out details of May 20 restructuring in internal document

Meta detailed its layoff plans for this week in a memo shared with employees on Monday, saying cuts to its workforce globally would be accompanied by a fresh

US SEC rescinds policy on denials of wrongdoing in enforcement actions

The U.S.

How Cuba reached its breaking point

Cuba is facing severe shortages, economic hardship and growing public frustration as US pressures to overthrow the government mount. CNN's Patrick Oppmann reports from the Cuban Capital.

US pauses joint defense effort with Canada that dates to WWII

The U.S. says it's pausing participation on a joint board with Canada for continental defense that dates to World War II

Battleground state with few combatants – why Pennsylvania’s primaries lack competition

Despite Pennsylvania’s status as a fiercely contested swing state, many local and state primary races in the 2026 primaries draw little competition at all.

Federal court rejects Elon Musk's claims against OpenAI, saying he filed his lawsuit too late

A federal court on Monday dismissed claims filed against OpenAI and its top executives by Elon Musk, who accused them of betraying a shared vision for it to remain a nonprofit dedicated to guiding artificial intelligence’s development for the good of humanity

Oil prices keep swinging, and so do stocks worldwide

Oil prices and stock markets worldwide swung with uncertainty about what will happen with the Iran war

Musk loses case against OpenAI

Musk loses case against OpenAI

Farmers across Utah County feel the impact after freeze, crop losses

Farmers across Utah County feel the impact after freeze, crop losses

Utah State University works with refugee community to provide affordable food

Utah State University works with refugee community to provide affordable food

Warsh to be sworn in as Fed chair at White House on Friday

Kevin Warsh will be sworn in as U.S.

As bond yields surge, investors grow wary of a global spending crunch

Investors are waking up to the worry that war in Iran may deliver a lasting inflationary shock, with sovereign bond yields racing

Explosion at Searsmont lumber mill kills Maine firefighter, leaves multiple in critical condition

Explosion at Searsmont lumber mill kills Maine firefighter, leaves multiple in critical condition

One last call for 'the beer that made Milwaukee famous'

One last call for 'the beer that made Milwaukee famous'

Cuba’s president warns of ‘bloodbath’ if US takes military action

Cuba’s president warns of ‘bloodbath’ if US takes military action

Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply

Treasury Secretary Scott Bessent says the U.S. will give a 30-day extension for countries to import Russian oil already in tankers at sea

Helping heroes in crisis: Guardian Response Unit works to save Iowa veterans from dying by suicide

Helping heroes in crisis: Guardian Response Unit works to save Iowa veterans from dying by suicide

A humanitarian aid ship from Mexico docks in Havana as US-Cuba tensions escalate

A ship carrying humanitarian aid from Mexico and Uruguay has arrived in Havana to help ease Cuba’s spiraling crises

Advocates call for restored funding to address contaminated water in rural California

Advocates call for restored funding to address contaminated water in rural California

Oil prices rise 3% to two-week high on Iran war supply concerns

Oil prices climbed about 3% to a two-week high in volatile trade on Monday as worries over supply disruption from the Iran war offset a report that the

Women connected to Virginia Beach-based $31M counterfeit coupon scheme sentenced to prison

Women connected to Virginia Beach-based $31M counterfeit coupon scheme sentenced to prison

Summer travelers who relied on Spirit Airlines may struggle to find budget alternatives

The collapse of Spirit Airlines isn't the only curveball confronting people planning summer trips

US House lawmakers propose $130 annual EV fee to pay for road repairs

U.S.

Bank of England's Greene says central banks can't assume Iran war impact will be temporary

Bank of England interest rate-setter Megan Greene said central banks should

Birkenstock loses its footing as luxury ambitions unravel

Birkenstock is falling out of favor with investors who are abandoning hope that the sandal maker can scale into a luxury powerhouse.

Commerzbank formally rejects UniCredit takeover offer as risky and undervalued

Commerzbank on Monday formally rejected an offer by Italy's UniCredit to buy the German lender, digging in its heels in its months-long

US home builder sentiment ticks up in May but broad pessimism remains prevalent

U.S. home builder sentiment unexpectedly improved in May, but construction firm attitudes about the housing market remain subdued as the war in Iran stokes inflation pressures that

US Supreme Court turns away Eli Lilly's challenge to whistleblower law

The U.S.

Talks raise hopes of progress in strike at America’s busiest commuter railroad

Talks raise hopes of progress in strike at America’s busiest commuter railroad

Supreme Court rejects Big Pharma appeals challenging negotiated drug prices in Medicare

Supreme Court rejects Big Pharma appeals challenging negotiated drug prices in Medicare

Ebola and hantavirus have Africa talking 'health sovereignty' as donor support fades

A new Ebola outbreak in Congo and Uganda is highlighting Africa's struggle with reduced international aid

Supreme Court rejects appeals from drug manufacturers over Medicare price negotiations

The Supreme Court has rejected appeals from pharmaceutical companies that object to negotiating Medicare drug prices with the federal government

Lululemon calls founder’s ideas ‘misguided’ in public letter

Lululemon calls founder’s ideas ‘misguided’ in public letter

NextEra, Dominion want to create a massive power company as AI drives energy demand in the US

NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand higher in the U.S. It is one of the biggest proposed mergers so far this year and would create the world’s biggest regulated electric utility business by market capitalization, the companies said on Monday

Companies are hyping AI the same way they talked up sustainability, but there are ways to fix that

Many companies today overpromise what they can do with AI. They should learn from efforts to combat greenwashing and tighten standards.

1 dead, 3 hurt as tanker truck carrying 8,800 gallons of fuel ignites on I-287 in New Jersey

1 dead, 3 hurt as tanker truck carrying 8,800 gallons of fuel ignites on I-287 in New Jersey

'A dark 20 months': Lake Lure reopens after over a year closure removing Helene debris

'A dark 20 months': Lake Lure reopens after over a year closure removing Helene debris

Pop star Shakira is acquitted in a Spanish tax fraud case

A Spanish court has acquitted pop star Shakira in a tax fraud case and ordered the government to return over 55 million euros in wrongly imposed fines

Kremlin says it has 'serious expectations' for Putin's trip to China

Russia has high expectations for President Vladimir Putin's trip to China this week, and the two sides will use it to develop their "privileged partnership", the Kremlin

Global centres in India slow hiring as AI reshapes work, ANSR CEO says

Global capability centres in India are taking a measured approach to hiring as companies are wary about the impact of geopolitical

U.S. drill bit makers ramp up shift to steel as tungsten prices surge

U.S. drill bit manufacturers are shifting to steel-based products to cut costs as tungsten prices surge due to trade restrictions and tighter supplies.

A new day at the Fed, but policy forecast cloudy for Warsh, Trump, US

After eight years of friction with the White House, a global pandemic, and a fight with high inflation, the U.S.

How to inflation-proof your investments

How to inflation-proof your investments

Trump has only one real option to slash gas prices

Trump has only one real option to slash gas prices

Equinix faces challenge to Cape Town data centres over environmental concerns

A plan by U.S.-listed Equinix to build two data centres in Cape Town should not be approved without full disclosure of its water, power and environmental

From a ‘board of trade’ to Boeing planes, what did Xi and Trump actually agree to?

From a ‘board of trade’ to Boeing planes, what did Xi and Trump actually agree to?

Anthropic to brief global financial watchdog on cyber flaws exposed by Mythos, FT reports

Artificial intelligence startup Anthropic is set to brief the Financial Stability Board (FSB) on cyber vulnerabilities in the global financial system identified by its latest AI

Gina Rinehart's Hancock Prospecting adds defence stocks to US portfolio

Hancock Prospecting, owned by Australia's richest person, Gina Rinehart, has added defence, gold and rare-earths holdings to its $3.3 billion U.S. portfolio this year,

China's economy loses steam at start of Q2 as consumption, output disappoint in April

China's growth lost momentum in April, with industrial output cooling and retail sales sinking to over three-year lows as the world's second-biggest economy wrestled with

China agrees to boost trade for US beef and poultry following Trump-Xi summit

The White House says China has agreed to increase its imports of U.S. agricultural products like beef and poultry, after President Donald Trump's visit to Beijing last week

Talks to end a strike shutting down the largest US commuter rail system will resume Monday

The strike shutting down North America’s largest commuter rail system will continue into a third day

Nine in 10 families in China own a home. But is the property-owning dream being tested?

Nine in 10 families in China own a home. But is the property-owning dream being tested?

Trump admin considers nearly $1.8 billion fund to compensate allies targeted in DOJ investigations, sources say

Trump admin considers nearly $1.8 billion fund to compensate allies targeted in DOJ investigations, sources say

China to buy at least $17 billion in US agricultural products annually, White House says

China has committed to purchasing at least $17 billion of U.S. agricultural products in 2026, 2027 and 2028, the White House said in a fact sheet released on Sunday.

Cassidy tried to get along with Trump after his impeachment vote. Retribution came anyway

It was a hurdle too high for Bill Cassidy to clear

Demand for cruises appears undimmed despite hantavirus and other onboard outbreaks

Recent outbreaks of hantavirus and norovirus on cruise ships are making headlines, but they’re unlikely to dim vacationers’ growing love of cruises

PG&E warns Northern California counties of likely power shutoffs starting Sunday

PG&E warns Northern California counties of likely power shutoffs starting Sunday

How businessman Julius Rosenwald used his fortune to transform education

How businessman Julius Rosenwald used his fortune to transform education

Long Island Rail Road strike leaving riders with marathon travel times to NYC

Long Island Rail Road strike leaving riders with marathon travel times to NYC

LIRR strike has many worrying about Monday's commute. Here's the latest.

LIRR strike has many worrying about Monday's commute. Here's the latest.

Taiwan’s president defends US arms purchases that Trump called 'bargaining chip'

Taiwan’s president says arms purchases from the United States are crucial for regional stability, after President Donald Trump questioned continued U.S. support for Taiwan following his visit to China

Israel's economy shrinks in first quarter but seen rebounding after Iran war

Israel's economy began 2026 with a slowdown, hit by war with Iran, but growth is expected to recover as long as the conflict does not reignite.

North America’s largest commuter rail system remains shut a second day as Monday rush hour looms

The shutdown of North America’s largest commuter rail system has continued into a second day with no end in sight after unionized workers went on strike

Palestinian leader's son wins role in Abbas' party, official says

The millionaire businessman son of Palestinian President Mahmoud Abbas has won a steering role in his father's political party Fatah, a party

Comeback kid or ‘political cicada’? Sherrod Brown tries to find his way back to the Senate

Comeback kid or ‘political cicada’? Sherrod Brown tries to find his way back to the Senate

The cost of living in the US weighs on Latino voters as economic discontent grows

The cost of living in the US weighs on Latino voters as economic discontent grows

Is it a problem if the Fed speaks too much?

Is it a problem if the Fed speaks too much?

Sen. Bill Cassidy loses reelection bid, CNN projects, as Julia Letlow and John Fleming advance to Louisiana Senate runoff

Sen. Bill Cassidy loses reelection bid, CNN projects, as Julia Letlow and John Fleming advance to Louisiana Senate runoff

As electric bills rise, some states are focusing on the growing profits of utilities

The artificial intelligence boom is leading to fights in some states over growing utility profits

Hawaii’s worst flooding in 20 years leaves farmers struggling and fewer veggies at the market

Hawaii's recent catastrophic flooding has devastated local farms, leaving many farmers struggling

Senate referee rules against some Trump ballroom funding, Democrats say

Senate referee rules against some Trump ballroom funding, Democrats say

Brass bands in Beijing make way for sticker shock at home as Trump returns to escalating inflation

President Donald Trump has returned from his state visit to China to face a challenging U.S. economy

Trump says Iran war is worth the economic pain. These rural voters agree

Perched behind the cash register at Stubs liquor store, Amy Van Duyn gazed out the window at a red-and-green gasoline price sign, which she said

Maine communities mourn the 27-year-old firefighter killed in a lumber mill explosion

A 27-year-old firefighter who died in a massive fire and explosion at a lumber mill in Maine's midcoast region is being honored

Is Britain ungovernable?

Is Britain ungovernable?

As global crises multiply, scores of US diplomats say they have been forced out

As global crises multiply, scores of US diplomats say they have been forced out

Trump returns from China with no Iran breakthrough — and a decision to make

Trump returns from China with no Iran breakthrough — and a decision to make

Long Island Rail Road, America’s largest commuter railroad, is on strike

Long Island Rail Road, America’s largest commuter railroad, is on strike

Trump's description of Taiwan as a ‘good negotiating chip’ with China raises anxieties

U.S. President Donald Trump has described arms sales to Taiwan as a "very good negotiating chip" in dealings with China

How much are players earning at PGA Championship? The purse goes up to $20.5M

The PGA Championship has bumped up its prize fund by $1.5 million

Long Island Rail Road workers go on strike, halting busiest US commuter rail system

Workers on New York’s Long Island Rail Road are on strike, paralyzing the busiest commuter rail system in North America

DHS says its new deportation planes are almost ready for takeoff. Critics doubt the plan will work

DHS says its new deportation planes are almost ready for takeoff. Critics doubt the plan will work

DACA recipients are losing protections and work permits as renewal delays surge

DACA recipients are losing protections and work permits as renewal delays surge

Trump leaves China summit with Iran, Taiwan, and trade in focus

President Donald Trump left Beijing for the US on Friday afternoon after two days of high-stakes talks with Xi Jinping to ease tensions between the world’s two largest economies. Air Force One departed following a tarmac ceremony where Trump fist-pumped as attendees waved US and Chinese flags. The visit featured a state banquet, historic site tours, and working meals.

Putin to visit Chinese leader Xi Jinping days after Trump's trip to Beijing

Russian President Vladimir Putin will meet with Chinese leader Xi Jinping on a two-day trip to Beijing next week, the Kremlin says

US CEOs follow Trump's footsteps with diplomacy in Beijing

As U.S.

Head of Harvard's $57 billion endowment, plans to retire, WSJ reports

The head of Harvard University's nearly $57 billion endowment, N.P.

Argentina’s beef consumption falls to lowest level in 20 years as prices soar

Argentina’s beef consumption has fallen to its lowest level in two decades as soaring prices and weakening purchasing power push many families to replace beef with cheaper proteins like chicken and pork

As Netanyahu spotlights Israel's ties to the UAE, its rulers prefer to be discreet

The tight relationship between Israel and the United Arab Emirates is typically managed discreetly

Pope creates artificial intelligence study group as Vatican prepares to release his first encyclical

Pope Leo XIV has created a study group on artificial intelligence in a sign of his ongoing concern about the technology

‘This is far worse’: When conflict 2,000 miles away compounds civil war at home

‘This is far worse’: When conflict 2,000 miles away compounds civil war at home

The Latest: After China visit, Trump says he’s undecided on sending weapons to Taiwan

U.S. President Donald Trump departed Beijing following a final day meeting with Chinese President Xi Jinping

Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy's under new CEO

Berkshire Hathaway more than tripled the size of its investment in Google’s parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the start of the year

FAA slashes hiring target, saying it can keep the skies safe with fewer air traffic controllers than it thought

FAA slashes hiring target, saying it can keep the skies safe with fewer air traffic controllers than it thought

Stock markets worldwide drop from records as worries about oil prices rattle the bond market

The U.S. stock market fell from its records and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market

AP finishes US restructuring with round of 20 layoffs, part of strategic pivot from print journalism

The Associated Press implemented a round of layoffs Friday of U.S.-based journalists

Iran's top diplomat says a lack of trust is impeding talks to end war with the US

Iran’s foreign minister says that a lack of trust remains the biggest obstacle in negotiations to end the war with the U.S. Iranian Foreign Minister Abbas Araghchi said contradictory messages from the U.S. have made Iran reluctant about its intentions in the stalled ceasefire negotiations

Exclusive: Hackers have breached tank readers at US gas stations; officials suspect Iran is responsible

Exclusive: Hackers have breached tank readers at US gas stations; officials suspect Iran is responsible

The balikbayan box: The way Filipino Americans have sent love all the way back home

Beginning in the 1970s, just about every Filipino household in America was either hauling balikbayan boxes in person or mailing them to relatives back in the Philippines

UK government faces weeks of uncertainty over the prime minister's future

Britain's government faces uncertainty as the Labour Party grapples with internal turmoil

CNN brings you inside Cuba as recent developments worsen the country's energy crisis

Not Available

Powell's tenure as Fed chair marked by fight for independence while trying to tame inflation

When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs

Trump leaves Beijing with few wins but warm words for Xi

U.S.

Trump says China will buy 200 planes from Boeing, with a possibility of expanding the deal to 750

President Donald Trump said aircraft manufacturer Boeing has a deal to sell at least 200 planes to China

Trump leaves China, short on deliverables but with signs of a stabilized relationship

Trump leaves China, short on deliverables but with signs of a stabilized relationship

Would a $1 rideshare fee affect wealthier or working-class Philadelphians more? 2 Chicago studies offer some perspective

Philadelphia Mayor Cherelle Parker has proposed a $1 fee on all Uber, Lyft and other rideshare trips in the city to help fund public schools.

Starbucks to lay off 300 US corporate workers and close regional offices

Starbucks said Friday it’s laying off 300 corporate employees and closing some U.S. offices as part of its ongoing turnaround

Trump weighs Taiwan arms package after summit aimed at steadying US-China ties

President Donald Trump says he’s not yet made a decision on whether a major sale of U.S. arms to Taiwan can move forward following his three-day visit to China

AI-generated fantasies of US intervention reveal how desperation has narrowed Cuba’s political horizons

Cubans are using AI image generators to imagine US intervention in their country. The results look straight out of the 1890s.

A fungal disease, along with climate change, threatens Colorado’s prized peaches

Cytospora canker damages peach trees and decreases orchard production over time.

The billionaires telling other billionaires to shut up and pay their taxes

The billionaires telling other billionaires to shut up and pay their taxes

Winner pays $9 million in charity auction for a private lunch with Warren Buffett and Stephen Curry

Someone paid more than $9 million to have lunch with basketball player Stephen Curry and Warren Buffett, and the legendary investor also promised to match the winning bid so both their favorite charities will benefit

Somali piracy on the rise as Iran war forces ships into high-risk detours

Somali piracy on the rise as Iran war forces ships into high-risk detours

This Republican says he’s Trump’s ally. He’s getting in the way of Trump’s revenge in a key Louisiana Senate primary

This Republican says he’s Trump’s ally. He’s getting in the way of Trump’s revenge in a key Louisiana Senate primary

How a vote for Trump’s ‘big, beautiful bill’ put Republican David Valadao in danger of losing his seat

How a vote for Trump’s ‘big, beautiful bill’ put Republican David Valadao in danger of losing his seat

Powell, the most battle-tested Fed chair, finishes his term

Powell, the most battle-tested Fed chair, finishes his term

Trump administration rushes to steady Kennedy’s HHS, with an eye on the midterms

Trump administration rushes to steady Kennedy’s HHS, with an eye on the midterms

India raises fuel prices as global energy crisis adds pressure on economy

India has raised fuel prices by 3 rupees per liter to offset losses from higher global oil prices

Cuban dancer finds meaning and work in the streets as the island's art scene fades

Renowned Cuban dancer and choreographer Juan Miguel Mas, has faced significant challenges due to Cuba's economic crisis

A Texas town may offer a preview of a Trump plan to force noncitizens from public housing

A bungled message from a South Texas housing authority prompted mass flight

Japan's wholesale inflation spikes on energy shock, bolsters case for June rate hike

Japan's wholesale inflation accelerated in April at the fastest pace in three years as the Iran war boosted oil and chemical goods prices, data showed on

Bolivian miners clash with police in La Paz, demand president’s resignation

Explosions were heard during violent clashes in La Paz on Thursday, as mining groups took to the streets, calling for the resignation of centrist President Rodrigo Paz.

Canada aims to double its electric grid by 2050 with clean energy and lower costs for users

Canadian Prime Minister Mark Carney unveils a clean electricity strategy aimed at doubling Canada’s electricity grid by 2050

Trading Day: Summits, in Beijing and stocks

Another day, another record high for the Nasdaq, S&P 500 and many stock markets around the world on Thursday, as the Xi-Trump summit in China and

Trump says he is losing patience with Iran after talks with China's Xi

U.S.

FEMSA's NetPay brings digital payments to Mexico gas stations as Sheinbaum pushes shift from cash

Mexican retail and bottling group FEMSA, which runs OXXO convenience stores and gas stations, said on Thursday its payments unit NetPay was launching a digital payments

Trump ethics filing reveals thousands of trades tied to US corporate securities

U.S.

Cuba mulls US offer of $100 million in aid but wary of Trump's motives, blockade

Cuba on Thursday said it would entertain a U.S. offer of $100 million in humanitarian aid but expressed skepticism over President Donald Trump's intentions

New Zealand manufacturing expansion nearly stalls in April, survey shows

New Zealand's manufacturing index marginally expanded in April, but the sector's growth slowed to a six-month low as the conflict in the Middle East drove up costs and

Deaths of six migrants in Texas railcar investigated as human smuggling

The six people found dead inside a sweltering railroad boxcar in Laredo, Texas, over the weekend were stowaway migrants from Mexico and Honduras who fell victim to

US Justice Dept close to dropping charges against India's Gautam Adani, sources say