Economy

Morgan Stanley, Goldman Sachs to match $1,000 contributions to Trump accounts opened for employees' children

Morgan Stanley and Goldman Sachs announced on Thursday they are matching $1,000 contributions to Trump accounts opened for their eligible employees' children.

Dollar slides after jobs data, chipmakers weigh on stocks

A gauge of stocks across the world ended little changed on Thursday as declining semiconductor shares were offset by optimism over the future path of

Tesla launches six-seater Model Y L in US to boost sales

Tesla on Thursday launched a six-seater long wheelbase version of its best-selling Model Y SUV in the U.S., aiming to boost sales of its electric vehicles after the removal of a key

'Trump accounts' for youth will accept stock donations, US officials say

Individuals and corporations will be able to donate shares of stock to “Trump accounts,” the government-backed newborn investment accounts created as

'They left me no other option': Reedley farmer gives 125,000+ pounds of nectarines away amid lawsuit

'They left me no other option': Reedley farmer gives 125,000+ pounds of nectarines away amid lawsuit

Pokémon cards worth $25,000 stolen from arcade part of growing trend

Pokémon cards worth $25,000 stolen from arcade part of growing trend

Democrats accuse Trump-linked fundraisers of fraud over diverted donations for America's anniversary

House Democrats allege consultants tied to President Donald Trump may have engaged in financial fraud related to the nation's 250th anniversary celebrations

Man pulled from rubble in ‘miraculous’ rescue 8 days after devastating Venezuela earthquakes

Man pulled from rubble in ‘miraculous’ rescue 8 days after devastating Venezuela earthquakes

Trump administration aims to cut regulations on US commercial fishing

The Trump administration moved to slash commercial fishing regulations from coast to coast on Thursday, including reopening New England waters to scallop

Oil gains on short-covering buys ahead of US holiday

Oil prices made small gains on Thursday as buyers sought to assure supply over the long U.S. Independence Day weekend.

From train tracks to highways, how Indiana became the "Crossroads of America"

From train tracks to highways, how Indiana became the "Crossroads of America"

Europe targets shadow fleet tankers falsely using Cameroon flag, sources say

Europe is taking tougher action against tankers falsely using Cameroon's flag registry to transport Russian oil, including boarding

Weak jobs, declining labor force, could renew Fed debate over state of labor market

A weaker-than-expected jobs report could renew debate at the U.S.

Tesla quarterly deliveries set record; European recovery raises hopes of annual growth

Tesla on Thursday posted record-setting second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding

Iran prepares to bury slain supreme leader with week of mass mourning

Iran's ruling clerics are preparing days of mass funeral rites for Ayatollah Ali Khamenei

Sandwich chain Jersey Mike's looks to public markets with US IPO filing

Sandwich chain Jersey Mike's has filed for a U.S. initial public offering, pushing ahead with its plans to go public amid renewed enthusiasm for new listings.

NHL free agency spills into Day 2 with Patrick Kane still available; Ovechkin returns to Capitals

NHL free agency has some big names still available, including Patrick Kane and Vladimir Tarasenko

Families of 7 killed in Esparto fireworks explosion hold vigil one year later, continue push for justice

Families of 7 killed in Esparto fireworks explosion hold vigil one year later, continue push for justice

Canada aims to announce 10 countries backing global defence bank at NATO summit

Canada is aiming to announce around 10 founding nations for a global defence bank at next week's NATO summit in Turkey

Trump administration and Anthropic have not discussed the government taking a stake in it, source says

The Trump administration and AI giant Anthropic have not discussed the government taking stakes in the firm, a source familiar with

USDA reports unusually large US beef export sales, raising doubts over data

With U.S. beef prices soaring and supplies tight, the U.S.

A waterless AI data center? A big experiment is under way in rural Utah

A waterless AI data center? A big experiment is under way in rural Utah

A grim job outlook meets a scrappy workforce as administrative assistants harness AI

Employment data offers a grim outlook for secretaries and administrative assistants in the age of artificial intelligence, but workers in the women-dominated occupation say the numbers don’t tell the whole story

Why New Jersey’s balcony solar bill is a huge deal for renters

Why New Jersey’s balcony solar bill is a huge deal for renters

Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks

The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers

Man's $10,000 Social Security debt from 30 years ago, when his dad died, is waived on Father's Day

Man's $10,000 Social Security debt from 30 years ago, when his dad died, is waived on Father's Day

US employers still reluctant to add many jobs as hiring slows in June

U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook

Tesla sales jumped last quarter in a possible sign the worst of the Musk backlash is behind it

Tesla car sales jumped over the past three months in a possible sign the worst of the boycotts against the automaker and lost market share to rivals are behind it

Russian fuel crisis prompts rush for Chinese electric cars

A Moscow car dealership is struggling to keep up with demand for new electric vehicles from China as drivers look to sidestep a

Once a source of national pride, Cuba's healthcare system declines as energy shortages deepen crisis

Irisleydis Tristá, a cancer patient in Cuba, has been unable to get a crucial CT scan for seven months because the machine at Havana’s leading hospital is broken

Heat adds to strains on areas with data centers, raising the temperature on AI debates

Extreme heat like the weather sweeping the eastern U.S. drives up energy demands for data centers, adding to their strain on power grids and worsening air quality for surrounding areas

Colombia president-elect seeks public debt refinancing

Colombia's President-elect Abelardo De La Espriella said on Thursday he has instructed incoming Finance Minister Miguel Gomez to travel to Washington to meet international

Bank of England's Mann suggests reduced rate hike bets boost case for action

Bank of England policymaker Catherine Mann said on Thursday that a reduction in markets' expectations for BoE rate increases since June's Monetary Policy

Canadian factory PMI edges higher despite war-linked supply disruptions

Canada's manufacturing sector expanded further in June as production and employment rose, but not all was positive for the sector as intensifying supply

Instant View: Job growth falls short of expectations in June

U.S. job growth slowed more than expected in June and data for the prior month was revised lower, but the unemployment rate fell to 4.2%, pointing to continued labor

EU determined to resolve standoff over Bosnia envoy, Kallas says

The EU is determined to find a strong candidate for the post of international peace envoy for Bosnia and Herzegovina, EU foreign chief Kaja Kallas said on Thursday, to

Fed seen less likely to raise rates as job growth slows

Federal Reserve policymakers have less reason to deliver an interest-rate hike later this month, traders bet on Thursday, after a government report showed the U.S. economy added far

Trump-backed organizer of America’s 250th birthday events may have duped donors, report from House Democrats alleges

Trump-backed organizer of America’s 250th birthday events may have duped donors, report from House Democrats alleges

Microsoft launches firm to help companies adopt AI with $2.5 billion

Microsoft said on Thursday it is creating a new company that will help customers select AI technologies that work for their businesses and generate

Lucid names new CFO in latest executive shakeup, misses quarterly delivery estimates

Lucid Group missed second-quarter delivery estimates on Thursday and named Alexander De Bock as its new finance chief, the latest leadership change at the struggling electric-

Northern Nigeria hunger reaches worst levels in nearly a decade, WFP says

More than 17 million people across nine conflict-hit states in northern Nigeria face severe hunger, the U.N. food agency said on Thursday, warning that violence and funding

Merz's reforms have potential - eventually - to boost German growth

A late-night deal agreed by Chancellor Friedrich Merz's ruling coalition on a long-awaited package of reforms has the potential to give Germany's anaemic

EV maker Rivian raises 2026 delivery forecast on strong demand, shares soar 

Rivian Automotive raised its annual delivery forecast on Thursday, betting on strong demand for its R1 models and electric delivery vans as well as its cheaper new R2 SUVs, sending

Fed's Daly says US policy 'slightly restrictive,' next step uncertain

San Francisco Federal Reserve President Mary Daly said on Thursday that U.S. monetary policy is "slightly restrictive" but that with "exceedingly strong" investment

Wall St opens higher after June jobs report eases rate-hike bets

Wall Street's main indexes opened higher on Thursday after a softer-than-expected employment report for June tempered expectations for interest-rate hikes by the Federal Reserve.

Blue Owl keeps withdrawal cap as redemption requests remain elevated

Blue Owl Capital maintained a 5% quarterly withdrawal limit for two of its private credit funds as redemption requests remained substantially

Dollar slides after soft jobs report, yen surges

The dollar fell sharply on Thursday after the closely watched June employment report showed U.S. employers added far fewer

US factory orders fall in May, weighed down by weak demand for commercial aircraft

New orders for U.S. factory goods fell in May amid a decline in bookings for commercial aircraft, but demand elsewhere remained strong, partly driven by investment in

Albanian police use tear gas and pepper spray as Tirana protest turns violent

Albanian police clashed with protesters in Tirana during a demonstration against government corruption and a luxury development linked to Jared Kushner, son-in-law of U.S. President Donald Trump

OpenAI in talks to give Trump administration a 5% stake in the company, FT reports

OpenAI in talks to give Trump administration a 5% stake in the company, FT reports

Goal of higher voter turnout remains elusive in California as changes have extended ballot counting

California has enacted many changes over the years that were intended to boost voter turnout

Spain's amnesty drive brings 600,000 migrants into formal economy during application review

Some 609,737 of the 1.17 million migrants in Spain who applied for legal status in its recent amnesty drive have obtained temporary work permits, government officials said

Tesla's China-made EV sales rise 24.4% year on year in June

Tesla's China-made electric vehicle sales rose for an eighth month in June, supported by an extended recovery in the U.S. automaker's European sales.

OpenAI proposes handing Trump administration a 5% stake, FT reports

OpenAI has discussed giving the U.S. government a 5% stake, the Financial Times reported on Thursday, as AI firms face scrutiny in Washington over the likely misuse of advanced

How health insurers get a free pass to deny coverage from a 52-year-old law meant to protect worker pensions

A little-known law called ERISA bars millions of patients from suing for damages when health insurers wrongly deny claims.

World Cup, 250th anniversary to help drive up July 4 travel even as high fuel prices bite

The number of Americans expected to travel into the weekend as the U.S. marks its 250th anniversary is expected to rise modestly this year,

US stock futures extend gains after June non-farm payrolls data

U.S. stock index futures extended gains on Thursday after a weaker-than-expected jobs report tempered expectations for interest rate hikes by the Federal Reserve this year.

US job growth misses expectations in June; unemployment rate falls to 4.2%

U.S. job growth slowed more than expected in June and data for the prior month was revised lower, but the unemployment rate fell to 4.2%, pointing to

European regulators step up scrutiny of Big Tech

European regulators have launched a series of antitrust, privacy and online safety investigations into major technology companies in recent years.

Trump administration proposes a rule it says could save Medicare patients $1.1 billion on drugs

The Trump administration is proposing a new rule to keep hospitals from marking up discounted drugs for Medicare patients

U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels

U.S. applications for jobless aid inched down last week as layoffs remain at historically healthy levels

Top EU court dismisses Google appeal of $4.5 billion antitrust fine

Judges at the European Union's top court have dismissed Google's appeal against a 4.1 billion euro antitrust fine

Trump administration’s $46 billion 'smart wall' races ahead on the US-Mexico border

The United States is rapidly building what it calls a “smart wall” on the Mexico border, combining tall steel fencing with advanced technology like sensors and cameras

Verisk estimates over $10 billion in economic losses from Venezuela earthquake

Catastrophe and risk modeling firm Verisk said on Thursday it expects economic losses from the Venezuelan earthquake to exceed $10 billion.

Europe growth hit more by China exports than bigger trade gap, Goldman says

The bigger drag on European Union growth is losing market share to China rather than a widening trade deficit with the Asian country, Goldman Sachs

In Mojave Desert, startup JetZero builds novel plane to take on Airbus and Boeing

Inside a cavernous aircraft hangar in the Mojave Desert, JetZero is building a full-size demonstrator of what could be a 200-plus-seat jet, a

EU tells Armenia 'you can count on us' as Russia keeps up economic pressure

The European Union pledged an additional €18 million in economic support for Armenia on Thursday and liberalised some export rules for its goods as Brussels seeks to shore up

Britain's Paramount-Warner review may be aimed at commitments, not a veto

Britain's threat to intervene in the $110 billion Paramount-Warner deal could be less about blocking the transaction than extracting commitments on UK news,

Churning chips

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The U.S. jobs report will clearly dominate the day ahead for markets,

Bayer fuels break-up talk as Roundup placed in separate business

Bayer said on Thursday it was consolidating its U.S.

Hungary to launch $128 million school-start benefit scheme

Hungary will launch a means-tested school-start benefit program at a cost of 40 billion forints ($128.41 million) per year, Prime Minister Peter Magyar said on Thursday,

US Supreme Court supercharges its 'shadow docket,' dividing the justices

When the U.S.

Progressive surge complicates Democrats’ midterms focus on prices

Democrats head into November’s midterm elections with potential advantages, including the

Trump biofuel goals hit reality as US plants lag

President Donald Trump's effort to boost production of bio-based diesel and deliver on promises to farmers and rural communities is

US beef prices stay red-hot for summer cookouts

U.S. grill masters and home chefs face sizzling beef prices for summer cookouts as drought and wildfires have discouraged ranchers from expanding cattle

Amazon vows action against India delivery partner after fire probe concludes

Amazon said on Thursday it will take "appropriate action" against a third-party delivery partner in India once a police investigation into a fire that

UK-US pharma deal could lead to nearly 230,000 unnecessary deaths in England, analysis says

UK-US pharma deal could lead to nearly 230,000 unnecessary deaths in England, analysis says

With 556 police officers patrolling a country half the size of Central Park, everyone thought Monaco was safe

With 556 police officers patrolling a country half the size of Central Park, everyone thought Monaco was safe

FACT FOCUS: Iran claims a foreign ship got stuck in Strait of Hormuz. But it is tied to Tehran

Iranian state television claimed this week that a foreign ship got stuck in the Strait of Hormuz after ignoring instructions to use a route laid out by the Islamic Republic’s paramilitary Revolutionary Guard

Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules

German Chancellor Friedrich Merz and his coalition partners have introduced a reform package to revive Germany’s sluggish economy

Trump’s ‘big beautiful bill’ is driving aspiring doctors to reconsider their careers

Trump’s ‘big beautiful bill’ is driving aspiring doctors to reconsider their careers

Argentina seen managing 2027 debt wall but political risk is key

Argentina faces a foreign-currency debt test in 2027, the year President Javier Milei is expected to seek re-election, but investors are increasingly

UK business morale slumps as Iran war pushes up costs, survey shows

British business confidence fell to its lowest since 2022 as the Iran war, which pushed up costs, saps expectations for future sales, a survey of accountants showed on

Europeans fill most gaps left by US in NATO defence plans, top commander says

European NATO allies have largely filled the gaps left by the United States in the alliance's defence plans, NATO's top commander said on Thursday, adding

Under-fire German ruling coalition unveils reform package to boost economy

German Chancellor Friedrich Merz's coalition unveiled a package of reforms on Thursday, including tax relief for lower-income families

European shares close at record high after softer US jobs data calms rate hike fears

European shares edged higher on Thursday as gains across sectors countered a slide in AI-related stocks, while investors

India, Japan sign pacts on AI, metals and energy after Modi-Takaichi talks

India and Japan agreed on Thursday to boost cooperation in artificial intelligence, metals, energy and defence as well as prepare a joint roadmap for economic security,

Ukraine withholding promised drone technology as historical tensions rise, Polish minister says

Ukraine has failed to deliver promised drone technology despite Poland's military support and willingness to transfer MiG-29 fighter jets, Polish Defence Minister Wladyslaw

Kyrgyzstan asks neighbours for help with fuel supplies as Russian shortages bite

Kyrgyzstan asked Kazakhstan, Belarus, Azerbaijan, Uzbekistan and Turkmenistan to help ensure stable fuel supplies late on Wednesday, amid concerns

Italy jobless rate at record low of 5% in May, but 22,000 jobs lost

Italy's unemployment rate fell slightly to 5.0% in May but a net 22,000 jobs were lost during the month, with the fall in the jobless rate due to people no longer looking for

EU to provide 200 million euros to boost South Caucasus connectivity, von der Leyen says

The European Union will provide up to €200 million ($228 million) in grant funding to boost transport, energy and digital links across the South

Japan's yen jumps, with traders twitchy about intervention risk

The yen jumped suddenly against the dollar on Thursday, with traders alert to the prospect of intervention from Japan to prop up its

In Sintra, world's central bankers find ally in new Fed chief

Central bank officials from around the world believe they may have found a new ally in Federal Reserve Chair Kevin Warsh,

Chinese and US risks mean EU chip sector faces a 'bleak future,' report says

Chinese export controls, technological dependence on the U.S. and the structural weakness of Europe's chip industry mean it faces a "bleak future" unless

US resumes dollar transfers to Iraq, NYT reports

The United States has resumed some air shipments of U.S. dollars to Iraq, several months after suspending them, the New York Times reported on Thursday, citing two aides to Iraq's

Samsung Group details plans to invest $90 billion in South Korea's central region

Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in the central

Russian fuel frustration rises as crisis bites

In Russia's grain belt, farmers fret they will be unable to harvest their crops as a fuel crisis sparked by Ukraine's drone attacks on oil refineries and

Japan government panel member calls for moderate BOJ rate hikes

The Bank of Japan should continue to raise interest rates at a moderate pace to rectify excessive yen declines, Toshihiro Nagahama, a government panel member

US House committee says South Korea discriminated against Coupang

South Korean authorities have consistently discriminated against U.S.-based Coupang, a campaign that escalated with numerous investigations

South Korea's currency chief says in talks with Japan, allies

South Korea's vice finance chief on Thursday said Seoul is closely communicating with Japan and other key allies on foreign exchange issues, and

New Jersey is set to charge companies with workers on Medicaid. Other states may follow

New Jersey is set to charge companies whose workers have Medicaid health coverage

Shares pull back as markets await likely payrolls beat

A look at the day ahead in European and global markets from Stella Qiu Global shares are pulling back after a bumper quarter.

Australia seeks to rein in defence spending blowouts, delays

Australia announced changes on Thursday to the way it manages the delivery of defence projects, aiming to curb billions of dollars in cost overruns and lengthy delays.

US job growth likely cooled in June after recent string of big gains

U.S. job growth likely slowed to a still-solid clip in June, with the unemployment rate expected to hold steady at 4.3% for a fourth straight month,

French far right ponders life beyond Le Pen as appeal ruling looms

French far-right leader Marine Le Pen faces a make-or-break court ruling on July 7 on her bid to overturn an election ban, a verdict that

SoftBank's LY, Bain raise Kakaku bid again with $4.1 billion valuation

SoftBank's LY Corp and Bain Capital have again raised their bid for Kakaku.com, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and

Net-zero champion Europe snared by climate change on its doorstep

The June heatwave that broke a series of temperature records in Europe has focused minds on the urgency of adapting to global

US life expectancy on track to reach record high as death rate falls to record low in 2025

US life expectancy on track to reach record high as death rate falls to record low in 2025

Japan shifts to ambush intervention tactics against yen short sellers, sources say

Japanese officials are abandoning their habit of telegraphing intervention risks, instead signalling a more targeted

Toronto Maple Leafs land prized free agent, signing goalie Sergei Bobrovsky to 3-year, $21M deal

Two-time Stanley Cup-winning goalie Sergei Bobrovsky signed a three-year, $21 million contract with the Maple Leafs

US in talks with AI companies for voluntary model standards, FT reports

The U.S. government is in advanced talks with AI companies to create voluntary standards for the release of new models, with an announcement possible as soon as next week, the

Australia trade swings to $2.1 billion deficit in May, largest since 2015

Australia's balance on goods trade in May unexpectedly swung to the largest deficit in over a decade, data showed on Thursday, as exports of gold and iron ore fell sharply.

Young survivors of Venezuela quakes run shelters as search drags on

The command center hums with activity as radios crackle to life, medical staff stop in to say hello and supplies are

China restricts some Fortescue iron ore cargoes as talks drag, sources say

China's state iron ore buyer has asked some domestic steel mills not to take delivery of certain portside iron ore products from Fortescue, industry sources said, the latest

China's Inner Mongolia bets on solar and wind but coal stays close

China's Inner Mongolia is expanding both renewable energy and coal use

Soaring revenue at Mar-a-Lago shows how Trump’s business interests and politics intersect

Soaring revenue at Mar-a-Lago shows how Trump’s business interests and politics intersect

Federal audit finds Puerto Rico awaiting billions of dollars nearly a decade after deadly hurricane

Lawmakers have released a federal audit that found that only 25% of some $14 billion in federal funds obligated for Puerto Rico’s power grid after Hurricane Maria razed it almost a decade ago has reached the U.S. territory

The Japanese yen is at a 40-year low. Here’s why that matters

The Japanese yen is at a 40-year low. Here’s why that matters

US Treasury picks State Street, BlackRock and Vanguard ETFs for Trump Accounts

The U.S.

South Korea's inflation rate quickens to 2-1/2-year high

South Korea's consumer inflation accelerated to a two-and-a-half-year high in June, cementing expectations for an interest rate hike by the central bank as early as its

Facing drama and politics, Essence Fest looks to make a comeback

Facing drama and politics, Essence Fest looks to make a comeback

Trading Day: Stocks dip as sluggish July shuffles in

U.S. and world stocks embarked on a new month and quarter with little conviction, as tech shares in general and chip stocks in particular weighed on Wall

Judge blocks Colorado's first-of-its-kind price cap on Amgen's Enbrel

A federal judge on Wednesday blocked Colorado from capping the price of Amgen's blockbuster arthritis drug Enbrel, a first-of-its-kind move by a U.S. state.

Bridgewater's flagship macro fund gains 8.1% in first half amid market volatility, sources say

Bridgewater Associates' flagship Pure Alpha macro fund posted a gain of 8.1% after braving a volatile market backdrop during the first half of the year,

Trump visits newly built Theodore Roosevelt Presidential Library in North Dakota's Badlands

President Donald Trump visited the Theodore Roosevelt Presidential Library in North Dakota on Wednesday

US and Iran hold separate meetings in Qatar and agree to continue discussions

U.S. and Iranian negotiators have met separately with Qatari and Pakistani mediators and host Qatar is reporting positive progress in talks

Challengers score victories in lawsuit against Arkansas' restrictions on citizen ballot initiatives

A federal judge in Arkansas is throwing out some state laws that put extra restrictions on efforts to gather signatures for ballot initiatives

The Latest: Federal filing shows Trump took in about $1.2 billion from crypto businesses last year

A federal filing shows President Donald Trump took in nearly $1.2 billion from his crypto businesses last year, locking in profits while his investors were socked with losses

Venezuelan medics fear earthquake aftermath will trigger widening medical crisis

With far more dead than living people taken from the rubble a week after Venezuela’s devastating twin earthquakes, doctors say the biggest dangers now facing survivors were untreated wounds and infectious diseases

US declines to extend North American trade deal, starting clock to end it while seeking changes

The Trump administration on Wednesday declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it

Soccer-Inglewood, once known for danger, uses World Cup to rebrand as a fun place

Sandra Lith came to the front of Ms.

Stocks flat as traders digest Fed comments, oil falls

A gauge of stock markets around the world edged lower to start the quarter on Wednesday as the U.S. central bank head said

Robinhood expands perpetual futures offering in Europe, plans crypto launch in UK

Robinhood said on Wednesday it plans to launch crypto trading in the UK and broadened its perpetual futures offering in Europe beyond cryptocurrencies.

Wall Street ends choppy session lower as tech shares drop

U.S. stocks finished slightly lower on Wednesday as technology shares fell, but gains in Meta Platforms limited the decline in the S&P 500

US, Iran talks conclude in Doha, focused on Strait of Hormuz

Iran and the United States concluded a round of indirect talks on Wednesday with no sign they

Nissan CEO’s US mission: shed rental-car image

Nissan CEO Ivan Espinosa was pleased when the automaker reported Wednesday that its second-quarter U.S. vehicle sales ticked higher.

Alibaba to pay $600 million to resolve US drug sales probe

Chinese ‌technology and e-commerce giant Alibaba and its U.S.-based payment processor have agreed to pay $600 million to resolve

SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say

By Echo Wang July 1 - SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI, after earlier attempts to secure a loan stalled over concerns

American Eagle names Papa John's executive Ravi Thanawala as CFO

Denim retailer American Eagle Outfitters on Wednesday named Ravi Thanawala its chief financial officer, replacing company veteran Mike Mathias, effective August 3.

Venezuelans scour collapsed buildings by hand while government machinery stands unused

Venezuelans scour collapsed buildings by hand while government machinery stands unused

Alibaba to pay $600M to settle allegations it allowed illegal drug and equipment sales

Alibaba has agreed to pay $600 million to settle a dispute with the U.S. government

Man accuses police of losing his car after an accident. It's still missing nearly a year later.

Man accuses police of losing his car after an accident. It's still missing nearly a year later.

Most US stocks rise, but drops for tech pull Wall Street lower

Most U.S. stocks rose, but drops for some influential technology companies pulled the market lower

Crypto, real estate, watches: How Trump made over $1 billion last year

The latest disclosure report listing President Donald Trump's financial holdings shows he took in about $1.2 billion last year from crypto holdings, overshadowing a real estate business that first brought him fame

Trump wants to ditch his signature trade deal. It’s not that easy

Trump wants to ditch his signature trade deal. It’s not that easy

Is the labor market turning a corner? Thursday’s jobs report will offer some key clues

Is the labor market turning a corner? Thursday’s jobs report will offer some key clues

Uber-backed Lime rides IPO wave to $1.7 billion valuation in Nasdaq debut

Uber-backed Lime's shares rose 4% in its Nasdaq debut on Wednesday, signaling robust investor confidence in the e-scooter and bike

AI hopes and fears dominate global central bank meet

Seeping into just about every conversation at this week's meeting of the world's top central bankers was one big unknown:

US car sales on cruise control despite pressures

Automakers on Wednesday reported steady second-quarter U.S. vehicle sales, despite what normally would be a bleak backdrop for the car

Fed's Warsh says any balance sheet policy change won't be a surprise

Federal Reserve Chairman Kevin Warsh said on Wednesday that while he has not changed his mind that a large central bank balance sheet should be shrunk, any notable change in policy

Oil prices fall 1% to 4-month lows as progress in US-Iran talks cools supply concerns

Oil prices fell more than 1% on Wednesday to their lowest levels since March as optimism over U.S.-Iran talks allayed supply concerns after U.S.

US, Canada and Mexico begin bumpy negotiations to renew North American trade pact

The North American trade pact that President Donald Trump negotiated and boasted about in his first term is up for renewal

AOL, Vimeo owner Bending Spoons surges nearly 40% in US market debut

Bending Spoons shares closed nearly 40% higher in their U.S. market debut on Wednesday, as investors bought into the Italian

US Senator Warren calls for Fed watchdog review of Bowman's BofA dinner, WSJ reports

A group of Senate Democrats requested on Wednesday that the Federal Reserve’s in-house watchdog investigate a meeting by the central bank’s top bank regulator and financial market

Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%

Germany's top diplomat says EU-Mercosur deal still has issues to resolve

Germany's foreign minister, Johann Wadephul, said on Wednesday there were still "issues" to resolve before the European Union's trade agreement with

The US, Canada and Mexico begin bumpy negotiations to renew North American trade pact

The North American trade pact that President Donald Trump negotiated and boasted about in his first term is up for renewal

Jason Miller set to join White House again — with a messaging mission

Jason Miller set to join White House again — with a messaging mission

Punishing heat wave hits eastern US, with a preview of what’s to come

Punishing heat wave hits eastern US, with a preview of what’s to come

Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Trump has sought

AOL's owner, Bending Spoons, hits Wall Street with $1.7 billion IPO

The owner of AOL and other tech businesses hit Wall Street with a $1.7 billion initial public offering Wednesday

Largest US power grid details price spikes, warns on record demand

PJM, the largest U.S. electric grid operator, on Wednesday detailed price spikes and warnings of massive transmission line congestion as it braced for

Together AI raises $800 million at $8.3 billion valuation

Together AI on Wednesday said it has raised $800 million in a funding round led by Aramco Ventures, more than doubling the artificial intelligence startup's valuation to $8.3

Corona maker Constellation sees World Cup-fueled gatherings driving US beer demand

Constellation Brands is seeing a rebound in U.S. beer sales after a sluggish start to 2026, as a flurry of major sporting events such as the NBA Finals and

Meta names Alex Schultz first chief data officer

Meta said on Wednesday its chief marketing officer Alex Schultz will become the company's first chief data officer, to better manage AI analytics globally.

Fed's Warsh says some task force staffing to be revealed next week

By Michael S.

USDA announces $500 million in funding to expand US domestic fertilizer production

U.S. Agriculture Secretary Brooke Rollins announced $500 million in new funding on Wednesday to expand domestic fertilizer production after the Iran war drove up prices.

Fed's Warsh plans to harness better economic data within a year

Federal Reserve Chairman Kevin Warsh set an ambitious timeline on Wednesday for the U.S. central bank to "

Oaktree-backed ITG jumps in Nasdaq debut, signaling strong AI infrastructure demand

ITG's shares rose 12.5% in their Nasdaq debut on Wednesday, giving the Oaktree-backed digital infrastructure company a market value of $2.18 billion, as investors

Democratic congressman asks the CFPB to investigate 'rent now, pay later' companies

A Democratic member of Congress is calling for a federal investigation into the "rent now, pay later" industry

AP's long-time Supreme Court reporter Mark Sherman reflects on front row seat to legal history

Mark Sherman has covered the Supreme Court for The Associated Press for 20 years during some of the most momentous decisions in history

Teen homicides spark community action at apartment complex; landlord says security changes on the way

Teen homicides spark community action at apartment complex; landlord says security changes on the way

Families plead for information on deported Venezuelans in hotel collapse

Relatives of Venezuelans deported from the United States say their loved ones were taken to a hotel that later collapsed during the devastating earthquakes in Venezuela. As rescue efforts continue, families say they are desperate for answers.

In Mideast and around the world, everyone's talking 'ceasefire.' But what does it really mean?

Ceasefires in the Middle East are not bringing the peace many people expect

India central bank chief sees case for lower inflation target in long run

India is unlikely to raise its official inflation target and there may be a case for lowering it over the long term, Reserve Bank of India Governor Sanjay Malhotra said at

Tesla European registrations climb in June

Tesla registrations rose across several European markets in June, data showed on Wednesday, extending a recovery in the U.S. electric vehicle

Racism and intolerance have worsened in Britain, Starmer says

Prime Minister Keir Starmer said on Wednesday that racism and intolerance had worsened in Britain over the past decade, warning it was damaging social cohesion and deterring

CMA CGM to buy FedEx third-party logistics arm for $1.4 billion

CMA CGM has agreed to buy FedEx's third-party logistics business for an enterprise value of $1.4 billion as the French shipping group seeks to expand its presence in the

US construction spending inches up in May, but homebuilding weak

U.S. construction spending edged up in May as higher mortgage rates because of the Middle East conflict constrained homebuilding.

Nike gains despite China slump as investors eye turnaround progress

Shares of Nike rose on Wednesday as investors assessed CEO Elliott Hill's efforts to revive growth, though the sportswear giant's persistent sales

Activist investors make bigger push for campaigns in H1, seek more M&A

Activist investors pushed global companies more aggressively in the second quarter to make changes and lifted the overall pace of campaigns in the

US manufacturing activity eases in June; prices paid by factories remain elevated

U.S. manufacturing activity slowed in June after surging in the prior month, likely as some of the lift from businesses front-loading orders to avoid shortages and

Dollar gains before US jobs report, Fed's Warsh sees improving inflation

The dollar gained ahead of a closely watched U.S. jobs report due on Thursday, but pared its earlier increase after Federal Reserve Chair Kevin Warsh

US factory activity eases off four-year high; input prices remain elevated

U.S. manufacturing activity slowed in June after scaling a 4-year high in the prior month, likely as some of the lift from businesses front-loading

Rate cuts are not back on the table for Britain, Bank of England's Bailey says

The Bank of England is not in a position to consider cutting interest rates, Governor Andrew Bailey said on Wednesday, despite oil prices falling back near pre‑

House Republican leaders urge Trump to let Jones Act waivers expire as scheduled in August

House Speaker Mike Johnson and several Republican leaders are asking President Donald Trump to allow waivers to a law on shipping between domestic ports to expire

Meta building cloud business to sell excess AI capacity, Bloomberg News reports

Meta Platforms is building a cloud business to sell excess artificial intelligence computing capacity, Bloomberg News reported on Wednesday, as tech giants seek returns on costly AI

Kroger announces agreement to acquire Giant Eagle

Kroger announces agreement to acquire Giant Eagle

Extreme heat tests cattle, but preparation helps producers stay ahead

Extreme heat tests cattle, but preparation helps producers stay ahead

Short sellers boost bets against SpaceX and it's already costing them

Short sellers are betting SpaceX's will resume its post-debut decline with nearly a third of its tradable shares now sold short — even as those wagers

Goldman names acting general counsel, replacing Epstein-linked Ruemmler who stays as adviser

Goldman Sachs on Wednesday named Michael Bosworth as acting general counsel and a member of its core executive leadership team, while Kathryn Ruemmler, who

French shipping company CMA CGM Group to buy FedEx' logistics arm for $1.4B

French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S. CMA CGM Group said the acquisition will triple the size of its own logistics arm, CEVA Logistics and help build its presence as a contract logistics provider in North America

Trump administration lifts restrictions on Anthropic's Claude models after cybersecurity alarm

The Trump administration has lifted restrictions on artificial intelligence company Anthropic’s latest versions of its Claude chatbot, ending a weekslong ban tied to cybersecurity concerns

Despite some big losses, Supreme Court rewards Trump's assertion of power

On Tuesday, the U.S.

Trump secured over $50 million in loan from Charles Schwab in 2025, ethics filing shows

U.S. President Donald Trump secured a more than $50 million loan last year from Charles Schwab Bank, according to his annual disclosure for 2025 with the U.S.

Trump on financial disclosures: Everyone's profiting because stock market is up

President Donald Trump said on Wednesday he had nothing to do with his personal finances, a day after he reported more than $1.4 billion in income from his family's

Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damages

A Swedish court on Wednesday ordered Alphabet's Google to pay about $1.5 billion in damages to PriceRunner, the price comparison business owned by

Goldman's private credit fund bucks elevated redemption trend again

Goldman Sachs' private credit fund said on Wednesday that investors sought to repurchase roughly 3.24% of its total shares in the second quarter, extending its streak

Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up

U.S. grocer Kroger has reached a $1.65 billion deal to buy regional supermarket chain Giant Eagle, it said on Wednesday, strengthening its

General Mills beats quarterly estimates on steady staples demand, higher prices

General Mills posted better-than-expected fourth-quarter results on Wednesday, helped by higher prices and resilient demand for pantry staples, sending its shares up 9%.

AB Foods says US cooking oil sales hit by ICE pressure on Hispanic customers

Associated British Foods said the U.S. cooking oils market has declined and trading conditions are unlikely to improve going into its next financial year,

Trump says the U.S. and Iran getting along very well

President Donald Trump said on Wednesday the United States was getting along very well with Iran and that recent meetings in Qatar went well.

Micron, GM sign semiconductor supply agreement for vehicles

Micron Technology and General Motors have signed a long-term supply agreement for memory and storage platforms used in vehicle production, the companies said on Wednesday.

Brazil's bad loans on non-earmarked credit at record high, despite debt relief drive

Delinquency rates on Brazilian loans not tied to a specific purpose rose to 6.2% in May from 6.1% in April, reaching the highest level since the central

Wall St slips at open as US-Iran tensions cloud start to second half

Wall Street's main indexes opened lower on Wednesday as fresh U.S.-Iran tensions cast doubt over peace in the Middle East, marking a cautious start to the second half of 2026.

As deportation protections end, Haitians confront fear and uncertainty

Uthy spent seven years in medical school training to become a doctor

Kevin Warsh’s reform-focused approach is already winning support on the global stage

Kevin Warsh’s reform-focused approach is already winning support on the global stage

Kroger buying regional grocer Giant Eagle in a deal valued at $1.65 billion

Kroger is buying regional grocer Giant Eagle in a deal valued at $1.65 billion

Unchecked AI progress may pose catastrophic risks, UN panel warns

Developments in artificial intelligence are outpacing scientific understanding and government policy, meaning there are no guarantees the technology

Factory activity was strong in June despite war-driven cost pressures, PMIs show

Euro zone manufacturing output closed out its best quarter since early 2022 last month as U.S. factory

Older Americans left out of costly GLP-1 craze expected to flock to new program

Millions more Americans will qualify for obesity medications at just $50 a month under a new Medicare program starting on Wednesday,

Lula leads Senator Bolsonaro in Brazil presidential run-off, poll shows

Brazilian President Luiz Inacio Lula da Silva would win a potential second-round run-off vote in the October presidential elections against opposition Senator Flavio

World Bank to phase out China lending by 2031, source says

The World Bank will phase out its lending to China by 2031 after years of declining loans, reflecting the country's rise to become the world's second-

Kicking off H2

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The new month, quarter and second half kicked off in a cautious mood,

Who qualifies for Medicare's new $50 weight-loss drug program and what are the concerns?

Millions of Americans are expected to gain coverage for GLP-1 drugs for weight loss under a new U.S. pilot launching on Wednesday in its Medicare

Nigeria's unreported spending equals 2% of GDP, IMF official says

Nigeria had about 2% of GDP worth of public spending not recorded in recent official budgets, creating a gap between its reported deficit and actual financing needs, IMF

BYD's sales rise for second month, buoyed by exports

Chinese electric vehicle maker BYD posted a second consecutive month of global sales growth in June, as a surge in exports helped offset weak demand in its home market.

“We’re not prepared”: As Venezuela shakes, years of mismanagement come into focus

As families wait in agony for news of loved ones trapped beneath the rubble, Venezuela’s devastating earthquake is exposing the human cost of a country unprepared for disaster. CNN's Isa Soares reports from Caracas.

Mexico's peso to trade in range on economic recovery hopes: Reuters poll

Mexico's peso will likely hold steady near the middle of its well-established trading range at least into the first half of 2027, a Reuters poll found

EU issues new steel and e-commerce regulations to reduce trade imbalance with China

The European Union has introduced two measures to protect its steel industry and limit small e-commerce parcels

Dollar bulls gain ground even as most FX strategists still expect weakness: Reuters poll

The U.S. dollar’s recent rebound will fade in coming months as cooling oil prices temper inflation fears and Federal Reserve rate hike bets, a majority

How the Supreme Court became a pivotal force in Trump's immigration agenda

The Supreme Court has tackled several key immigration issues this term, supporting President Donald Trump's administration in three cases

Medicare is now covering some GLP-1 weight loss drugs for $50. Here’s what to know

The federal government has launched a new program to make GLP-1 weight loss drugs more affordable for older Americans

Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisis

Lines are growing at Russian gas stations -- and so is the frustration and uncertainty as several months of Ukrainian attacks have set oil refineries ablaze and choked supplies for motorists across the vast country

UK's Starmer leaves successor-in-waiting Burnham with defence funding gap

Andy Burnham will have to find an additional £4.7 billion ($6.2 billion) to close a defence funding gap, either through deeper spending cuts or higher taxes,

Trump filing shows he took in about $1.2 billion from crypto businesses last year

President Donald Trump took in nearly $1.2 billion from his crypto businesses last year, a federal filing released Tuesday shows

Defense startups raid auto and fracking sectors for parts to speed weapons output

Defense tech startups are repurposing automotive chips and pipes used in fracking -- while copying production methods from drugmakers -- in an effort to

Kazakhstan to hold snap parliamentary election on August 23

Kazakhstan will hold a snap parliamentary election on August 23, according to a decree signed by President Kassym-Jomart Tokayev on Wednesday as a new constitution took

Iran insists on keeping control over Hormuz, senior Iranian sources say

Iran is determined to win international recognition of its control over the Strait of Hormuz and ability to levy

Chevrolet Bolt vs. Nissan Leaf, an Edmunds $30,000 EV comparison

The Nissan Leaf and Chevrolet Bolt EV are formidable rivals for the title of America’s most affordable electric vehicle

China's BYD nears decision on second European plant, adviser says

China's BYD, the world's largest electric vehicle maker, is close to a decision on taking over an existing European auto plant to

Wayve courts automakers with AI driving system that learns like humans

Autonomous-driving startup Wayve is riding a tide of investor interest. 

Takeaways from Supreme Court term: Trump's power is enhanced, but he lost some high-profile cases

President Donald Trump didn’t get what he wanted in some of the biggest Supreme Court cases this year: tariffs, birthright citizenship and the attempted firing of Federal Reserve governor Lisa Cook

Opening of North Korea-Russia road bridge likely delayed, US think tank says

North Korea and Russia appear unlikely to open a road bridge connecting their countries in the near term, despite an earlier mid-June target, after satellite

French manufacturing grew in June by more than first forecast, final PMI shows

France's manufacturing activity grew slightly faster in June than initially forecast, despite ongoing supply-chain pressures caused by transport disruptions due to the Iran

German manufacturing edges up in June as new orders return to growth, PMI shows

German factory activity expanded modestly in June as output growth ticked up and new orders rebounded, while the outlook for price trends depends on developments in the

UK manufacturing activity cools despite stockpiling boost to output, PMI shows

British manufacturing activity cooled in June despite a boost to output from stockpiling ahead of price hikes and supply chain problems stemming from the Middle East

European shares pause after rally as concerns over Fed rates, Iran peace deal linger

European shares slipped on Wednesday, after a strong finish to the second quarter, as investors assessed indications that U.S. interest rates

Australia's Perpetual snubs $1.69 billion takeover offer from EQT over valuation

Australia's Perpetual said on Wednesday it had rejected a non-binding takeover proposal from Swedish private equity firm EQT AB that values the financial services provider at A$2.45

Euro zone factory output ends first quarter on strong note, cost pressures ease - PMI

Euro zone manufacturing output ended its best quarter since early 2022 last month with easing cost pressures as the U.S. and Iran negotiated a ceasefire giving relief to

Euro zone inflation falls more than expected, adding to ECB case for patience

Euro zone inflation eased last month far more than expected, further curbing pressure on the European Central Bank to raise interest rates again this month to offset quick price

UN report sees enormous potential benefits and big risks from AI

The rapid development of AI offers huge potential benefits to countries and people around the world, but also poses big risks, 40 leading scientists and experts

China imposes export controls on 40 Japanese entities as tensions with Tokyo rise

China has imposed new export controls on 40 Japanese entities, accusing them of contributing to Japan’s “remilitarization.”

The S&P 500 is up almost 10% this year, despite war, inflation and AI nerves

The S&P 500 is up almost 10% this year, despite war, inflation and AI nerves

How a new super PAC formed to counter AIPAC is fueling democratic socialists’ wins

How a new super PAC formed to counter AIPAC is fueling democratic socialists’ wins

A million vintage loans slow Greece's economic recovery

When Greece's debt crisis struck in 2009, George, owner of a jewellery shop outside Athens, found himself saddled with a new €100,000 loan just as his

Beijing plane crash clouds China's low-altitude flights, uncovers safety gaps

An unexplained crash by a tiny plane into Beijing's tallest building and silence from regulators have cast a chilling effect on the low-altitude flights sector and uncovered

Citi cuts bitcoin, ether forecasts as ETF flows turn negative

Citigroup slashed its 12-month forecasts for bitcoin and ether, saying weakening investor appetite, negative exchange-traded fund flows and a lack of progress on

Spain manufacturing contracts in June for first time in three months, PMI shows

Spanish factory activity shrank in June for the first time in three months as orders fell more sharply and manufacturers ramped up prices to cope with the recent surge in

Myanmar set to restart contentious $3.6 billion dam project backed by China

Myanmar's new government aims to complete within roughly eight years a contentious

Westpac director Nash leaves board over ties to KPMG

Australian bank Westpac said on Wednesday that non-executive director Peter Nash would leave its board, citing his relationship with troubled auditor KPMG.

Xi touts Chinese wisdom and solutions as a model for developing nations

China's leader has highlighted the country's rapid industrialization as a model for developing nations

The price tag behind Taylor Swift’s rumored wedding bash at Madison Square Garden

The price tag behind Taylor Swift’s rumored wedding bash at Madison Square Garden

Australia weighs break-up of Big Four accounting firms after scandals

The Australian government said on Wednesday it was considering breaking up the Big Four accounting firms and bringing them under the

EU slaps €3 fee on cheap ecommerce parcels in blow to Shein, Temu, AliExpress

Europe on Wednesday took a first step towards curbing what it calls unfair competition from online retailers such as Shein, Temu

That's a lot of meat to digest

A look at the day ahead in European and global markets from Wayne Cole.

Asian airlines' Europe windfall fades as Gulf rivals rebound

Asian airlines that gained passengers and charged higher fares on European routes after the start of the Iran conflict are seeing

CMA CGM nears $1.4 billion deal for FedEx logistics unit, FT reports

French container shipping group CMA CGM is nearing a deal to buy FedEx's third-party logistics business for $1.4 billion in cash, the Financial Times reported on Wednesday, citing

Mega-deals fuel record M&A as boards dream big on takeovers

A surge in $10-billion-plus "mega-deals" drove global M&A to record levels in the first half of 2026, LSEG data

Writer E. Jean Carroll calls for Trump to pay $5.8M after high court appeal fails

Advice columnist E

India's June factory growth slips to second-weakest since mid-2022 as demand softens, PMI shows

India's manufacturing sector expanded at its second-slowest pace in four years in June as cooling demand for goods dragged on output and hiring but easing cost pressures

In a warning sign, analysis shows publicly traded credit funds are unprofitable

The majority of publicly traded business development companies (BDCs) — the

China's Xi urges ruling Communist Party to be adaptable, safeguard advances

China's ruling Communist Party must keep pace with changing circumstances while safeguarding the advances it has made, President Xi Jinping said on Wednesday during

Taiwan ships should ignore boarding requests by China coast guard, Taipei says

Taiwanese ships off the island's east coast should ignore any boarding and inspection demands by China's Coast Guard, and if necessary Taiwanese Coast Guard vessels will

Ukraine seeks €6.6 billion from EU's peace fund for military aid

Ukraine is asking its European Union partners to direct €6.6 billion ($7.5 billion) available under the European Peace Facility to military aid, to take advantage of what it sees as

Survey shows Japan's business sentiment improving for a 5th straight quarter

The Bank of Japan has reported its quarterly survey of business sentiment among major Japanese manufacturers rose to 22 in June from 17 in the previous quarter

Trump’s sweeping changes to student loans take effect today. Here’s what they mean for you

Trump’s sweeping changes to student loans take effect today. Here’s what they mean for you

Uber-backed Lime raises $167 million in US IPO

Lime, backed by Uber, raised $167 million in its U.S. initial public offering, joining a growing list of

South Korea cargo ship Namu to exit Strait of Hormuz after attack in Gulf

South Korea's Oceans Ministry said on Wednesday the cargo vessel Namu, operated by HMM, would exit the Strait of Hormuz in mid-July at the earliest once the damage sustained

US seen not extending USMCA, starting decade-long countdown to end trade pact

U.S.

South Korean trade watchdog alleges Google abused its position in Android app store

South Korea's antitrust regulator alleged on Wednesday that Alphabet's Google abused its dominant position in the Android app marketplace to hinder competition and will

China resale home prices fall faster in June, shows private survey

China's resale home prices fell at a faster pace in June, a private survey showed on Wednesday, as the country's prolonged property downturn continued to weigh on market

US removes curbs on Anthropic's latest Fable and Mythos AI models

Anthropic said on Tuesday that the U.S.

ECB should not rush any further rate hike, Demarco says

The European Central Bank should not rush into any further rate hike given the unexpectedly quick retreat in oil prices, Maltese central bank

South32 CEO open to M&A following Alcoa asset sale

South32 CEO Matthew Daley said on Wednesday he was open to mergers and acquisitions but any deal must add value to the company, after the diversified miner agreed to sell

Trump reports over $1.4 billion in income from crypto ventures

U.S.

China's factory activity completes strongest quarter since late 2020, private PMI shows

China's manufacturing sector expanded for a seventh straight month in June, completing its strongest quarter since late 2020 as output and new orders continued to rise, a

South Korea exports post strongest growth since 1978 on AI chip boom

South Korea's exports expanded at the strongest pace in nearly half a century last month, smashing forecasts, on a surge in chip sales propelled by the global

Trump, Republicans to stage convention in Dallas ahead of midterms

U.S.

Digital infrastructure firm ITG prices US IPO below range, raises $312 million

Oaktree-backed ITG said on Tuesday it had priced its U.S. initial public offering at $16 per share, below its targeted range, raising $312.2 million. 

Iran says it won't meet with U.S. envoys, clouding prospects for peace deal

Iran said on Tuesday it would not meet with top U.S. envoys who flew to the region following an outbreak of hostilities, clouding the

Brazil needs new fiscal measures as targets become unfeasible from 2028, Treasury says

Brazil's Treasury said on Tuesday that fiscal targets will become unfeasible from 2028 without new measures, as rising mandatory spending outpaces

Japan business mood hits 8-year high, builds case for BOJ rate hikes

Japanese business mood climbed to an eight-year high and corporate inflation expectations rose to record levels, a quarterly survey showed, underlining the

Nike flags prolonged turnaround as China slump, weak outlook eclipse quarterly beat

Nike signaled on Tuesday that CEO Elliott Hill's turnaround strategy still faces significant obstacles, as persistent weakness in China and a

South32 to sell bulk of aluminium portfolio to Alcoa for up to $5.6 billion

Australia's South32 said on Wednesday it has agreed to sell most of its aluminium assets to Alcoa for an implied enterprise value of up to $5.6

Bayer seeks US duties on Chinese-made glyphosate, angering farmers

Bayer on Tuesday asked Washington to impose duties on glyphosate, the chemical used in the company's weedkiller Roundup, imported from China, saying it was being

South Korea factory activity grows at slower pace as export demand weakens, PMI shows

South Korea's factory activity expanded in June for the seventh consecutive month, though at a slower pace than the previous month on falling export demand, a survey showed

US imposes sanctions on Mexicans, entities tied to Mexican fuel smuggling network

The U.S.

Vimeo owner Bending Spoons prices IPO at above target range to raise $1.68 billion

By Echo Wang and Elvira Pollina June 30 - Bending Spoons, owner of the video platform Vimeo and the internet services company AOL, priced its U.S. initial public offering above its targeted range at $

Japan manufacturing extends growth, caps best quarter since Q1 2014, PMI shows

Japan's manufacturing sector expanded in June, sealing its best quarterly performance since early 2014, as new orders grew at their fastest pace in more

Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports

Microsoft is planning to cut under 2.5% of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing

House GOP deadlocks over Trump's demands, sending lawmakers home early

As the nation celebrates its 250th birthday this weekend, the legislative branch has momentarily called it quits

White House lifts export control on Anthropic that froze its most advanced models

White House lifts export control on Anthropic that froze its most advanced models

Trump made more than a billion dollars from cryptocurrency ventures in first year back in office

Trump made more than a billion dollars from cryptocurrency ventures in first year back in office

OpenAI film 'Artificial,' dropped by Amazon, finds a new home with Neon

“Artificial,” Luca Guadagnino’s starry film about Sam Altman and OpenAI, has been acquired by the indie distributor Neon after it was dropped by Amazon MGM Studios

KKR to buy EDF's renewable power assets in US, Canada for $4.2 billion

Private equity firm KKR said on Tuesday it will buy the operations and assets of EDF's North American renewable energy unit in the U.S. and Canada for $4.2 billion.

Energy drink and supplements company Nutrabolt picks banks for US IPO, sources say

Nutrabolt, an energy drink and supplements company, has picked investment banks to lead an initial public offering that could raise

US issues emergency order for PJM Interconnection as heatwave looms

The U.S. Department of Energy on Tuesday declared an emergency across the nation's largest power grid, citing soaring demand and supply risks as extreme heat grips the region.

Getty Images scraps $3.7 billion merger with Shutterstock over UK scrutiny

Getty Images said on Tuesday it has called off its planned merger with Shutterstock due to the UK competition regulator's requirement to sell Shutterstock's

New Zealand economic recovery delayed and inflation to stay above target, IMF says

New Zealand's economic recovery has been delayed by the oil price shock and heightened global uncertainty, while inflation is expected to rise temporarily to around 4%

Vance says he believes AOC will be leading Democratic candidate in 2028

Vance says he believes AOC will be leading Democratic candidate in 2028

Trump administration seeks to stomp out all fires quickly, reviving policy that has been discredited

The deaths of three firefighters in Colorado are casting a spotlight on the Trump administration’s creation of a new federal fire agency and its revival of a previously discredited policy to stomp out all wildfires quickly

Aid groups warn Venezuela’s healthcare system is near its limit after earthquakes

Aid groups are warning that Venezuela's healthcare system is at its breaking point nearly a week after two powerful earthquakes hit the South American country

South Bow, Bridger to develop new oil pipeline from Wyoming to Cushing, Oklahoma

Canada's South Bow and U.S.-based Bridger Pipeline plan to jointly develop a new oil pipeline from Guernsey, Wyoming, to Cushing

UN chief says UN agency for Palestinian refugees nearing 'breaking point'

U.N. Secretary-General Antonio Guterres on Tuesday urged countries to cover a $100 million gap in funding for the U.N.

Tesla Q2 deliveries expected to rebound as Europe sales recover

Tesla is expected to report a 5% rise in vehicle deliveries on Thursday for the second quarter.

Trading Day: Stocks cap weak month, stellar quarter

Tech stocks boosted Wall Street as investors prepared to close the book on a month of losses for the S&P 500 and the Nasdaq, but the strongest quarterly

Constellation Brands beats quarterly profit estimates on beer demand

Constellation Brands beat Wall Street estimates for first-quarter profit on Tuesday, driven by demand for its beer brands such as Corona and the Modelo Especial lager.

Bloom Energy, Brookfield expand AI infrastructure power partnership to $25 billion

Bloom Energy and Brookfield said on Tuesday they had expanded their partnership to finance power projects for AI infrastructure, boosting their funding framework

EchoStar's Dish DBS, wireless units file for prepackaged bankruptcy

EchoStar's satellite pay-TV unit Dish DBS and its wireless subsidiaries have filed for Chapter 11 bankruptcy protection, seeking court approval for a prepackaged restructuring plan

Train derailment prompts nearby residents to shelter in place

Train derailment prompts nearby residents to shelter in place

Venezuelans deported by the US hours before the deadly earthquake struck are missing

Venezuelans deported by the US hours before the deadly earthquake struck are missing

US stocks rise and trim their losses for June

U.S. stocks rose and trimmed their losses in what had been a rocky June

ECB considers lifting banks' minimum reserves to lessen own losses, sources say

The ECB is considering doubling the proportion of cash lenders must keep as reserve in an unremunerated account, six

Nestle could lower coffee prices as bean costs fall

Nestle will take falling coffee bean costs into account when setting retail prices, a senior executive told Reuters on Tuesday, a potential boost

US Supreme Court to hear Apple appeal of contempt in Epic Games lawsuit

The U.S.

Supreme Court takeaways: Wins for conservatives, some Trump limits

The U.S.

Next NATO summit in Albania in doubt amid US reluctance and low defence spending

As NATO leaders prepare for a summit in Turkey next week, plans for an alliance summit in

Activist Jana Partners has new stake in Everpure, sources

Activist investor Jana Partners has built a new position in technology company Everpure and is expected to soon announce the holding in a

S&P 500, Nasdaq register best quarter since 2020 despite Iran war

The S&P 500 and Nasdaq finished June on Tuesday with their biggest quarterly gains since 2020 as investors remained upbeat about economic

US telecom watchdog to vote on barring sales of devices with parts from blacklisted firms

The Federal Communications Commission said on Tuesday it plans to vote next month on a measure that would bar sales of devices

Family files federal civil rights lawsuit, claims deputies ignored cries for help from their loved one

Family files federal civil rights lawsuit, claims deputies ignored cries for help from their loved one

Cuban official says talks with the US are at a standstill, announces UN debate on US oil embargo

Cuba's foreign minister says talks between Cuba and the U.S. are at a standstill despite the island recently approving a series of free-market reforms

The Latest: Trump's envoys are in Qatar for Iran war mediation

It’s been 123 days since the U.S. and Israel launched the Iran war, and the world again awaits another round of some sort of talks as President Donald Trump and Iranian officials disagree over what and even how they’ll communicate

As key trade talks start, the US-Mexico relationship will likely limp along – but at a cost

Even though Mexico is the US’s top trade partner, the fate of the pact underpinning that relationship is uncertain.

Federal board offers $3B settlement to restructure Puerto Rico power company debt

A federal control board that oversees Puerto Rico’s finances says it has offered a $3 billion settlement to bondholders in a new push to finally restructure more than $10 billion in debt held by the U.S. territory’s power company

US job openings rise to two-year high, but hiring still struggling

U.S. job openings edged up to a two-year high in May, but subdued hiring soured consumers' perceptions of the labor market, with the share viewing

Fed's Hammack tells CNBC rate hikes may be needed to quell high inflation

Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday it remains possible that she’ll advocate for higher interest rates if inflation pressures don’t moderate.

Cuba's top diplomat says talks with United States showing 'no progress'

Cuba's foreign minister said on Tuesday that talks initiated earlier this year with long-time foe the United States had stalled, leaving

Pirelli plans investments worth up to $1.2 billion to expand US capacity

Italian tyremaker Pirelli on Tuesday said it had a multi-year investment plan for the United States worth around $1 billion to $1.2 billion and aimed at increasing

Oil prices little changed but set for steepest monthly and quarterly losses since 2020

Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors

Top cases decided during the US Supreme Court's term

The U.S.

Mexico cocaine seizures may reflect World Cup demand, experts say

Two major Mexican seizures of cocaine this month, including a rare bust in a state neighboring Mexico City, suggest the cartels are moving greater

US energy chief exhorts data center backers to push back against opponents

U.S.

Boeing, engineers' union begin contract talks

Boeing and the union representing its engineers and technical workers said on Tuesday they would begin formal contract talks ahead of the expiration of their labor agreements in

Mercosur launches economic partnership talks with Japan, eyes China

The South American trade bloc Mercosur launched negotiations with Japan on Tuesday for an economic partnership agreement as it seeks to expand trade ties following a

Political parties can now spend unlimited money supporting candidates, after Supreme Court overturns decades of precedent

A huge amount of money flows into campaigns in the United States. For 20 years, the Supreme Court has been loosening rules for who can contribute and how much. It just loosened the rules again.

US Treasury cracks down on Jalisco New Generation Cartel with sanctions and a bank alert

The U.S. Treasury has announced sanctions and a new bank alert targeting the Jalisco New Generation Cartel, Mexico’s most powerful criminal group

The smell of death lingers in Venezuela’s ruined streets as overwhelmed hospitals race to save lives

The smell of death lingers in Venezuela’s ruined streets as overwhelmed hospitals race to save lives

BMW completes $1.7 billion investment in EV production at U.S. plants

BMW on Tuesday announced the completion of a $1.7 billion investment in its production plants in South Carolina, gearing up for the launch of fully electric vehicle production in

Joby, Toyota announce joint venture for air taxi production

Joby Aviation and Toyota Motor announced a joint venture on Tuesday to produce the air taxi maker's S4 series, as it looks to secure government approval to deploy its commercial

Australia home prices suffer steepest fall in 3-1/2 years as rates burst bubble

Australian home prices suffered their steepest fall in three-and-a-half years in June as a record housing boom succumbed to higher borrowing costs, while a tax

Wall Street regulator seeks feedback on 'novel' ETFs amid product explosion

The U.S.

Dollar pushes higher, yen sinks to 40-year low

The dollar gained on Tuesday, pushing the yen to its lowest levels since 1986 and raising expectations that Tokyo may be close to

Bank of England's Breeden signals new rules to govern agentic AI

The Bank of England on Tuesday signalled the need for bespoke AI regulation to contain risks to the financial system posed by increasingly capable agentic

UK's Starmer unveils $20 billion defence boost in long-delayed investment plan

Prime Minister Keir Starmer pledged on Tuesday to spend an extra £15 billion ($20 billion) to modernise Britain's depleted armed forces

Denmark launches $672 million military aid package for Ukraine

Denmark announced on Tuesday a new military donation package to Ukraine worth around 4.4 billion crowns ($671.8 million).

Iran war and AI boom drive wild ride on global markets

Investors have had to gulp down the motion-sickness tablets this year as the turmoil from the Iran war has clashed with a seemingly unstoppable boom in all

Supreme Court strengthens Trump's hold on key levers of government power

The U.S.

US consumer confidence edges up in June; labor market perceptions deteriorate

U.S. consumer confidence nudged higher in June as a fragile truce in the Middle East conflict weighed down on gasoline prices, while households' perceptions of labor

Heatwave tests Ukraine soldiers in Soviet-era tank

As a record-breaking heatwave swept across much of Europe and spilled into Ukraine, the searing temperatures bore down even harder on

US House committee opens investigation into Merck, AbbVie China drug trials

The chair of the U.S.

Amazon’s AWS commits $1 billion toward new unit for embedded AI engineers

Amazon said on Tuesday it is creating a new division under its Amazon Web Services cloud unit employing so-called forward-deployed engineers who

Hundreds of thousands of Lebanese head home as fighting eases, many still stranded

Some 400,000 Lebanese uprooted by war have returned to southern Lebanon, with more expected to follow in the coming week, the social affairs minister said

US is working on ban targeting Chinese energy inverters, sources say

The Trump administration is drafting a ban on imports of foreign inverters, which connect solar projects and batteries to

Stocks end quarter with big gains as oil tumbles the most in years; gold, yen also fall

Stocks across the globe on Tuesday posted their largest quarterly percentage increase in six years, while Brent oil had its

Central banks think the US has become riskier. They plan to sell dollars and buy gold

Central banks think the US has become riskier. They plan to sell dollars and buy gold

Woman still has family member missing in Venezuela earthquake rubble

Woman still has family member missing in Venezuela earthquake rubble

US envoys arrive in Qatar for meetings on Iran, with tensions high over Hormuz

U.S. envoys arrived in Qatar for meetings with mediators working to negotiate an end to the war with Iran

Consumer confidence ticks up as gas prices fall but Americans remain gloomy about the economy

Americans’ attitudes toward the economy improved slightly this month as gas prices declined, but their outlook is still mostly negative by historical standards

US job openings were much higher than expected in May, shrugging off uncertainty from Iran war

US job openings were much higher than expected in May, shrugging off uncertainty from Iran war

Canada's GDP rebounds in April, posts 0.5% growth on monthly basis

Canada's economy rebounded more than expected in April, data showed on Tuesday, following a slight contraction in the previous month, allaying concerns

Brazil's gross debt tops forecasts as interest burden mounts in May

Brazil's gross debt rose more than expected in May, central bank data showed on Tuesday, as the country's rising interest bill pushed borrowing higher.

Oppenheimer makes rare cuts to top US investment banks, backs alternative asset managers

Brokerage Oppenheimer downgraded major U.S. investment banks including Goldman Sachs and Morgan Stanley in an unusual move on Tuesday, saying current valuations leave limited room

Wall St subdued at open on final trading day of strong quarter

Wall Street's main indexes opened flat on Tuesday, the final trading day of a quarter that saw equities post the biggest gains in years.

Economic pessimism among Russians at highest in at least 20 years, Gallup poll shows

Russians are more pessimistic about the state of their economy than at any time in the past 20 years, and a majority say living standards are worsening, polling organisation Gallup

U.S. approach to regulation of AI is problematic, Sixth Street's Chavez says

The United States' regulation of artificial intelligence is problematic and inconsistent, Martin Chavez, vice chairman at investment firm Sixth Street, told Reuters on

US single-family home prices ease on a monthly basis in April, FHFA says

U.S. single-family house prices eased on a monthly basis in April, but remained supported by a shortage of homes for sale.

BlackRock cools on emerging markets, sees value in euro government debt

The BlackRock Investment Institute (BII) said on Tuesday it had become less bullish on the outlook for emerging market stocks and hard-currency debt, but more upbeat on the outlook

Crypto firms have spent $189 million so far on 2026 US election, report says

Cryptocurrency companies have spent $189 million so far to influence the 2026 U.S. midterm elections, outpacing their spending for the previous election cycle,

India's April-May fiscal deficit at 9.6% of full-year target

India's fiscal deficit in April-May was at 1.62 trillion rupees ($17.11 billion), or 9.6% of the estimate for the financial year ending March 31, government data showed

UK boosts military spending by $20 billion but critics say it's not enough

Britain's future military will focus on self-flying jets, uncrewed submarines and drones

Trump cuts New York funding for Medicaid fraud unit

The Trump administration said on Tuesday it would cut off funding to New York's Medicaid fraud unit, accusing it of underperforming in a move that could

Regional framework could be set up to monitor rapidly shrinking Caspian Sea, Azerbaijani official says

A legal framework could be drawn up this year on regional cooperation to monitor and seek to adapt to falling water levels in the Caspian Sea, which is shrinking at an

Treasury's Bessent urges gas retailers to drop prices for US 250th birthday, says "we're watching"

U.S.

Inflation cools in biggest euro economies, easing rate hike urgency

Inflation slowed more than expected across most major euro zone economies in June, preliminary data showed on Tuesday, easing pressure on the European

Job openings stayed at a surprisingly strong 7.6 million in May; U.S. labor market proves resilient

U.S. job openings stayed at a surprisingly strong 7.6 million in May as the American labor market remains resilient in the face of the economic shock from the Iran war

How a tiny Caribbean island made American independence possible

The American Revolution was won not just by ideals and armies, but by the strategic trade networks of a small Caribbean port.

Supreme Court allows Lisa Cook to remain at Fed

The Supreme Court on Monday rejected President Donald Trump’s attempt to immediately fire Federal Reserve Governor Lisa Cook. CNN's Paula Reid reports.

Research about global fishing shows value of detailed environmental data, which the Trump administration seeks to limit

Detailed data is useful for understanding and addressing environmental effects on people’s lives in ways that become difficult or impossible if only the broadest and blurriest picture is developed.

Carnegie Foundation unveils 2026's 'Great Immigrants, Great Americans' list

The Andrew Carnegie Foundation has announced this year’s “Great Immigrants, Great Americans” honorees, including Citi CEO Jane Fraser and Pulitzer Prize-winning authors Hernan Diaz and Cristina Rivera Garza

Germany demands $450 billion cut to 'unaffordable' EU budget, document shows

Germany is demanding a €400 billion ($456 billion) cut to the European Commission's proposed budget of €2 trillion for 2028-2034, warning that the current

Ebola outbreak could cost Africa up to $3.6 billion, UN says

The United Nations said on Tuesday that an Ebola outbreak could cost Africa up to $3.6 billion and hundreds of thousands of jobs,

Doubled by halftime

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets It's halftime for 2026 markets as the whistle blows on a turbulent

White House awarded no-bid contract for East Wing ballroom, Washington Post reports

White House officials last year awarded a no-bid contract worth up to $500 million for the construction of the East Wing ballroom, the Washington Post reported on Tuesday, citing a

US envoy Witkoff and Kushner will be in Qatar, no meeting with Iran, Qatari official says

U.S. envoy Steve Witkoff and President Donald Trump's son-in-law ‌Jared Kushner will be in Doha to meet Qatari mediators to discuss U.S.-Iran negotiations, Qatar's foreign

Volkswagen's crisis in five charts

Volkswagen boss Oliver Blume is planning an historic overhaul of the carmaker to adapt to structural shifts in the global auto

Tokyo keeps powder dry as 'line in the sand' on yen shifts

The yen's break through a long-defended 162-per-dollar level to its weakest in four decades has reinforced expectations Japan may tolerate

Analysts dial down oil forecasts as Hormuz reopening eases supply concerns

Analysts have cut their 2026 oil price forecasts for the first time since the Iran war began, after five straight monthly increases, as the reopening of the

German headline inflation eases in June, core stabilises

German inflation slowed in June on lower energy prices while core inflation stabilised, easing concerns that price pressures from the Iran war could

China’s humanoid robots have captivated the world. A rental market is exposing their limits

China’s humanoid robots have captivated the world. A rental market is exposing their limits

ECB's inflation fears linger despite oil price retreat

European Central Bank policymakers welcomed the recent drop in oil prices on Tuesday but warned that energy costs remain high and the shock will linger in the

Tech selloff stirs bubble fears in US stock market

Soaring stock market valuations, dramatic swings in the market value of trillion-dollar companies, and periodic sharp selloffs have fueled growing

India's Cockroach party seeking education minister's ouster awaits cabinet reshuffle

Leaders of India's youth Cockroach Janta Party neared two weeks of sit-in protests on Tuesday, backed by a well-known activist who has started a hunger

Japan vows to boost investment in Takaichi's first policy blueprint

Japan will overhaul its budget process to more flexibly boost investment in growth areas and respond to crises, Prime Minister Sanae Takaichi's first

Takaichi's BOJ appointee urges vigilance to yen impact on inflation

The Bank of Japan must be vigilant regarding the impact a weak yen could have on underlying inflation as firms have become more active in passing on rising

Inflation slows in four German states in June, pointing to national decrease

Inflation fell in four key German states in June, preliminary data showed on Tuesday, suggesting Germany's national inflation rate could ease this month.

Nearly one million people worldwide became millionaires in 2025, UBS report finds

Personal wealth in 2025 grew at its fastest pace in years, creating nearly one million new U.S. dollar millionaires worldwide, Swiss bank UBS said in its annual Global

Ford to recall over 741,000 US vehicles due to park system issue, NHTSA says

Ford is recalling 741,195 vehicles in the U.S. over a transmission defect that can damage the park system, which in turn could result in vehicles rolling away, the U.S.

Samsung, SK Hynix mega South Korea chips gamble tests optimism of AI cycle

Samsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds

Europe's STOXX 600 clocks biggest quarterly gain in over five years on AI boost

European shares registered their biggest quarterly rise in more than five years on Tuesday, boosted by optimism around artificial

With independent agencies imperiled, Fed may face further pressure despite Cook win

The Supreme Court may have reaffirmed the U.S.

Italy EU-harmonised CPI slows to 3.1% y/y in June, slightly below forecast

Italian EU-harmonised consumer prices (HICP) rose 0.1% in June from the month before, with the annual inflation rate slowing to 3.1% from May's 3.2%, preliminary data showed

New Kazakhstan constitution takes effect as political transition gathers pace

Kazakhstan's President Kassym-Jomart Tokayev has promised a fundamental reshaping of the Central Asian nation under

Quarter-end expected to be quiet for Fed liquidity facilities 

By Michael S.

SpaceX ignited a trading frenzy. Here’s what to know

SpaceX ignited a trading frenzy. Here’s what to know

Trump's push for the world's lowest drug prices hits snag with mid-sized companies

President Donald Trump has promised to make U.S. prescription drug prices the cheapest in the world, but a closely watched

Key US complaints against Canada ahead of trade review

The U.S., Canada and Mexico are due to meet on July 1 to review a trilateral trade agreement after a period of heightened tensions between Washington

AI spending, earnings hopes, Fed outlook set to sway US stocks in second half

The U.S. stock market faces a gauntlet of tests to keep its rally going in the second half of 2026, from the sustainability of AI spending to a high

France faces debt drift without spending cuts, pension reform, OECD says

France's already heavy debt burden is at risk of rising steadily higher unless the government delivers deeper spending cuts and restarts stalled pension

How to talk about money with your kids

Talking to kids about money can be fraught, especially if parents don’t feel totally comfortable with the topic themselves

An IRA playbook to build wealth

Savvy investors know that an IRA has a life cycle that must evolve as they do

Indonesia's Makarim, Gojek founder and former minister, found guilty of graft

An Indonesian court on Tuesday ruled that Nadiem Makarim, co-founder of tech firm Gojek and a former education minister, was guilty of corruption and sentenced him to 10

Swiss to ease recognition of US standards for cars, medical devices as trade deal sought

Switzerland plans further steps to underpin commitments made in a preliminary U.S. tariff deal last year, including streamlining recognition of American standards for cars

AfD leader vows to restore German-Russian ties as she eyes chancellery

Germany should end a boycott of Russian oil and gas to bolster its flagging economy, the leader of the far-right Alternative for Germany, Alice Weidel,

BOJ's slow, dovish revamp casts doubt over long-term rate-hike plans

Political pressure on the Bank of Japan to slow its interest rate hikes is growing amid a push by Sanae Takaichi's government to restore dovish policymakers

German unemployment falls unexpectedly in June

The number of unemployed people in Germany fell unexpectedly in June, labour office figures showed on Tuesday.

UK economy grows as expected before Iran war impact, ONS data shows

Britain's economy grew robustly in the first quarter of 2026, official data confirmed on Tuesday, but households were squeezed even before

Why companies are swapping copper for aluminium

The spike in copper prices to a record high earlier this year has added weight to arguments for switching from copper to cheaper and lighter aluminium in a range of sectors

Ferrari and BMW join Tesla, China in switch from copper to cheaper aluminium

Ferrari and BMW are rolling out new models featuring lightweight, cost-effective aluminium

Ralph Lauren wins China superfans by selling the American Dream - at the right price

Collector Xiao Neng says he has spent at least $1 million on Ralph Lauren clothing over the past four to five years, building a wardrobe so large that he

BIS dares to blaspheme as AI bubble fears wane: Mike Dolan

Although some deem it blasphemous to suggest the AI boom is another bubble, the world's central banking forum and watchdog has warned against getting swept up

US DOJ, states reach agreement with egg producers on price manipulation investigation

The U.S.

A year after USAID shutdown, Americans still back foreign development aid, poll shows

A year after the Trump administration dismantled the U.S.

French inflation falls back to ECB target in June as it slows for first time in 2026

French inflation slowed in June for the first time this year, pulling back from a more than two-year high as energy prices ebbed, preliminary data from statistics agency INSEE

He survived 2 natural disasters in Venezuela's La Guaira. Now he vows never to return

Venezuelan merchant Grian Serrano has twice survived major natural disasters in the same place

Surprisingly quick oil price retreat eases urgency for ECB to act, sources say

The unexpectedly rapid retreat in energy prices in the past week has further taken pressure off European Central Bank

China factory activity returns to expansion riding AI global boom

China's factory activity returned to expansion in June, driven by demand for chips, computers and other AI-related products, as robust export orders and front-

For first time, more central banks are set to shrink dollar holdings, survey finds

More of the world's central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the U.S.

Indonesia scales back military training for staff in President's cooperative project after deaths

Indonesia has scaled back its basic military training for prospective managers of President Prabowo Subianto's village cooperative programme, a defence ministry

Warren Buffett skips donation to Gates Foundation amid Epstein review, WSJ reports

Warren Buffett is skipping his usual mid-year multibillion-dollar donation to the Gates Foundation as he waits to see the findings of a review by the foundation of its ties to late

Trump administration ties schools' federal loan access to earning power of graduates

The U.S.

US retailers frontload China orders for holiday season, shipping firms say

U.S. retailers have brought forward orders from China by four-to-six weeks to secure their inventories for Black Friday and Christmas holiday

Australian treasurer says alleged access of prime minister's bank data 'incredibly concerning'

Australian Treasurer Jim Chalmers said on Tuesday a report that two Ernst & Young employees on temporary assignment at Commonwealth Bank of Australia allegedly accessed

China's factory activity expands in June with boost from tech exports

China says its factory activity picked up pace in June

US drives rise in global emissions as utilities turn back to coal, report shows

The United States accounted for about a third of the rise in global carbon dioxide emissions in 2025, as higher gas prices pushed power producers back to coal, an Energy

US House passes youth online safety legislation

The U.S.

US to suspend some duties on phosphate fertilizer from Morocco

U.S.

Families of Venezuelans deported from the US and lost in hotel collapse search for loved ones, and for answers

Construction worker Anderson Daniel Salcedo spent three months in U.S. immigration detention before boarding a repatriation flight

Warming climate, pollution and unplanned growth push Kashmir’s lakes toward disappearance

Climate-exacerbated heat increases and unpredictable rainfall combined with unplanned urban growth have resulted in nearly half the lakes in the mountainous, India-controlled Jammu and Kashmir region disappearing or becoming highly polluted in the last six decades

Venezuela's Machado says she will return to Venezuela to help quake victims

Venezuelan opposition leader Maria Corina Machado said on Monday she is "willing to do whatever it takes" to enter Venezuela to help with the country's recovery efforts following

UK business morale falls as concerns about cost pressures and economy persist, Lloyds says

British businesses' confidence about the economic outlook fell this month although their assessment of their ‌own prospects was less downbeat, a survey by Lloyds showed on

Strawberries and ice cream push UK food price inflation to lowest since March 2025, BRC data shows

British annual shop price inflation remained unchanged in June as food inflation lost steam and consumers took advantage of summer deals despite a surge in energy prices

European banks urge regulators not to intervene in equity markets

Europe’s largest banks have urged regulators not to intervene in equity markets, saying there is no evidence that a decline in trading on traditional stock exchanges has

Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listing

Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a direct listing.

Trump says he picks Sonderling to be labor secretary

U.S.

Australia sues Amazon unit over alleged breach via Prime Video ads

Australia's competition regulator said on Tuesday it has taken Amazon's Australian unit to court, alleging its Prime subscription contracts contained unfair terms that allowed the

Global financial firms pivot to South Korea, cautious on China and India, survey shows

Global financial firms are pivoting expansion plans towards South Korea while taking a more measured approach to China and India, according to an

Trump urges gasoline retailers to lower prices, warns of 'big problems' if they don't

U.S.

Japan's May factory output growth lagged forecasts

Japan's factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday. Here are a few details.

Self-exiled Chinese billionaire Guo Wengui gets 30 years in US prison for fraud conviction

A self-exiled billionaire Chinese business tycoon has been sentenced to 30 years in prison for a fraud conviction

Trump nominates acting Labor Secretary Keith Sonderling to be agency's permanent chief

President Donald Trump says he will nominate Keith Sonderling as secretary of labor

San Francisco Catholic church reaches $395 million sex abuse settlement

The Roman Catholic Archdiocese of San Francisco on Monday announced a $395 million settlement with about 530 people who said they were abused as

Democratic-led states sue over Trump administration's Medicaid work requirement rule

A coalition of Democratic-led states sued on Monday to block a Trump administration rule implementing new work requirements for Medicaid recipients, arguing

US and Iran negotiators head to Doha, but meeting uncertain

Iranian and U.S. negotiating teams were due in Doha this week, but Iran said on Monday no meeting had been

US senator asks regulator to reject giant NextEra-Dominion power deal, filing

U.S.

Uber, Waymo end robotaxi partnership in Phoenix 

Uber and Alphabet's Waymo have ended their self-driving partnership in Phoenix, Arizona, as the ride-hailing giant prepares to launch a new autonomous vehicle

US Supreme Court justices disclose millions in book earnings, teaching income

Four U.S.

Trump calls housing bill 'a big yawn,' presses voting curbs

U.S.

Michigan judge blocks Kalshi from allowing residents to place sports bets

A Michigan judge on Monday blocked prediction market operator Kalshi from continuing to allow people in the state to place financial bets on sporting events after

Arkansas will move forward with a ban on using SNAP for candy and soda despite recent court ruling

Arkansas is moving forward with a ban on allowing government food aid to be used for candy and soda

Speaker Johnson sends bipartisan housing bill to White House — but Trump says it’s a ‘yawn’

Speaker Johnson sends bipartisan housing bill to White House — but Trump says it’s a ‘yawn’

Apple iPhone 18 Pro supplier list, parts and photos exposed in Tata data leak

Sensitive lists of components and suppliers, and photos of Apple's upcoming iPhone 18 Pro models are

Polestar's US setback leaves owners asking: who will service my car?

When Ryan Rodriguez landed a great deal on a model year 2024 Polestar earlier this month, he did not anticipate the brand would soon be in trouble in the

UK asylum seekers face £10,000 charge before they can apply to settle

Asylum seekers in Britain could have to repay the state around £10,000 ($13,222) for accommodation and basic living support before becoming eligible to apply for settlement

Trading Day: Wall Street gains, Dow hits record closing high as fragile U.S.-Iran truce holds

U.S. stocks followed their world counterparts higher on Monday, with the S&P 500 and the Nasdaq snapping five-day losing streaks and the blue-chip Dow

Digital Realty to pay Blackstone $3.5 billion for stake in Virginia data centers

Digital Realty will acquire a larger stake in three data centers in Northern Virginia from asset manager Blackstone in a $3.5 billion cash-and-stock deal, the companies said on

San Francisco Archdiocese agrees to pay $395 million to settle child sex abuse lawsuits

The San Francisco Catholic Archdiocese has agreed to pay $395 million to settle over 500 lawsuits alleging child sexual abuse by church officials

Federal Reserve independence secures an important, but not final, victory at US Supreme Court

The court’s narrow opinion backing Fed governor Lisa Cook against Trump referenced the Fed’s vital role in steering the US economy.

More than 100 Venezuelans who were deported from the US hours before the earthquakes are missing

Survivors say more than 100 people just deported from the United States were being held in a hotel when earthquakes struck Venezuela, setting off a scramble to find survivors and bodies buried in the rubble

Justice Sotomayor received concert tickets from Bad Bunny’s label

Justice Sotomayor received concert tickets from Bad Bunny’s label

Fed's Cook says Supreme Court ruling defends central bank's independence

Federal Reserve Governor Lisa Cook said the U.S.

Flooding at Cheney Lake leads to multiple campground closures, evacuations and more

Flooding at Cheney Lake leads to multiple campground closures, evacuations and more

US stocks rise and recover some of their losses from a rare losing week

U.S. stocks rose and recovered some of their losses from a rare losing week

Democrats in half of states sue Trump administration over Medicaid work rules

Democrats in 25 states and the District of Columbia are suing the Trump administration over its interpretation of new Medicaid work requirements

Methodology changes could lower US May core PCE inflation, economists say

The May data for the U.S.

Keiko Fujimori leads Peru's presidential race after official count concludes

Keiko Fujimori leads the final count in Peru's presidential runoff after the country's ONPE electoral authority finished tallying 100%

Supreme Court rejects Trump bid to fire Fed's Cook but expands presidential powers

The U.S.

Argentina economic activity grows less than expected in April

Argentina's economic activity grew less than expected in April, official data showed on Monday, as gains in mining and agriculture were partly offset by weakness in

The construction failures and risky geography behind Venezuela's quake tragedy

When late Venezuelan leader Hugo Chávez built this coastal housing development bearing his name as part of his socialist

Europe's economic resilience gives ECB greater room to move rates, Lagarde says

The euro zone economy appears to have built greater resilience to economic shocks, allowing the European Central Bank to raise interest rates more easily without

Stocks and oil prices rise with eyes on Iran; yen touches 40-year low vs dollar

A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran

Wall Street ends higher as US, Iran attacks ease; major tech-related shares jump

U.S. stocks ended sharply higher on Monday, with the Dow hitting a record closing high, as weekend hostilities between the United States

US judge blocks labor board's Trump-era move to take control over union elections

A federal judge on Monday blocked the U.S. agency that oversees union elections for federal employees from shifting authority over all labor representation

New York Stock Exchange and the Nasdaq will be opened from Oval Office for launch of Trump Accounts

New York Stock Exchange and the Nasdaq will be opened from Oval Office for launch of Trump Accounts

US and Iran pause strikes but disagree over next steps on talks

The United States and Iran have separately announced they are sending delegations to Qatar this week, though Tehran insists it has not agreed to meet with the U_S_ “at any level.”

Takeaways from the Supreme Court’s decisions expanding Trump’s firing power but preserving Fed for now

Takeaways from the Supreme Court’s decisions expanding Trump’s firing power but preserving Fed for now

Maersk upgrades 2026 earnings guidance on strong demand

Shipping ​group Maersk on Monday upgraded its earnings guidance for this year on strong demand in the container market, particularly in Asia.

Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains

Oil prices settled up more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious

Luigi Mangione's federal trial over CEO killing moved to January as state murder trial looms

A Manhattan federal judge on Monday delayed Luigi Mangione's trial over the killing of a health insurance executive to January, citing potential overlap

Supreme Court says Fed’s Cook can keep her job for now, but it upholds other Trump firings

The Supreme Court says Federal Reserve governor Lisa Cook can remain in her job for now, a rebuke to President Donald Trump’s bid to wrest control of the nation’s central bank

Community helps family who lost condo in Cottonwood Fire

Community helps family who lost condo in Cottonwood Fire

Comcast plans to split into two public companies by spinning off NBCUniversal and Sky

Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky

Supreme Court backs Trump's FTC firing, expands presidential power

The U.S.

Stellantis extends summer stoppage at Fiat 500 Turin factory

Stellantis has added an extra week of summer downtime at its Fiat 500 factory in Turin, northern Italy, due to parts shortages from some suppliers, the FIM Cisl trade union

Rapper Twista pleads guilty to not paying taxes and faces potential prison time

Chicago rapper Twista has pleaded guilty to willfully failing to pay income taxes

Comcast says it will spin off NBCUniversal

Comcast says it will spin off NBCUniversal

Honeywell Aerospace shares slip in Nasdaq debut

Honeywell Aerospace shares closed down 0.4% on Monday after the company made its Nasdaq debut following its spinoff from Honeywell as part

Volkswagen CEO targets power shift alongside deep cuts

Volkswagen CEO Oliver Blume's plan to cut up to 100,000 jobs and close high-cost German factories is about more than cost savings: it could also mark

Comcast spinoff latest in wave of US media shakeups

Comcast's decision to spin off its NBCUniversal and Sky businesses marks the latest effort by a major U.S. entertainment company to separate or reshape legacy television assets as

Fed's Lisa Cook made history even before battling Trump

Federal Reserve Governor Lisa Cook was the first U.S. central banker to be targeted for firing by any president.

Serbia's Vucic eyes new political chapter as he steps down from presidency

When Aleksandar Vucic announced that he will step down as president of Serbia, cutting short his mandate and

Iraq's push for bigger OPEC quota driven by revenue pressures, new oil investment

An economic crisis caused by the Iran war and a fresh surge of investment by oil majors are driving Iraq's aggressive push for a higher

Dollar slips, yen reaches 40-year low

The dollar dropped on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of

Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech

Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones Industrial Average, replacing Verizon Communications, and immediately ranking among

US SEC fines BofA's Merrill Lynch $7.5 million for not flagging enough suspicious activity

The U.S.

Nasdaq, NYSE to ring opening bell from Oval Office for Trump Accounts launch, Hassett tells CNBC

The Nasdaq and the NYSE will ring the opening bell from the Oval Office for the first time together to launch Trump's much-touted government-backed investment program for children

Gov. Greg Abbott rallies Kleberg County Republicans as Democrats hold state convention

Gov. Greg Abbott rallies Kleberg County Republicans as Democrats hold state convention

Andy Burnham says he’d hand more power to local governments if he becomes UK leader

Andy Burnham, likely the next U.K. prime minister, has pledged to give more autonomy to local leaders

The Strait of Hormuz's future is unsettled in wake of latest strikes

Iranian drone strikes and US retaliation amid a shaky ceasefire have blunted an uptick in shipping through the Strait of Hormuz

Maker of vinegar on mission to change minds one sour tastebud at a time

Maker of vinegar on mission to change minds one sour tastebud at a time

Wall Street opens higher as US, Iran halt attacks

Wall Street's main indexes opened higher on Monday as easing tensions in the Middle East lifted sentiment following days of hostilities between the U.S. and Iran.

Supreme Court to review the legality of mass voter purges in the weeks before an election

Supreme Court to review the legality of mass voter purges in the weeks before an election

Brazil sees government spending share easing to 19% of GDP this year

Brazil's government expects total spending as a share of gross domestic product to decelerate and end the year at around 19%, Treasury Secretary Daniel

Fuel shortages spread to more parts of Russia as Ukrainian attacks bite

Ukrainian attacks have caused fuel shortages to spread from Russian-annexed Crimea to nearby parts of southern Russia, and even to the capital

As JPMorgan succession takes shape, insiders say this time it is for real

(Corrects paragraph 15 to remove Bill Demchak's name who left before Dimon's tenure; corrects hyperlinks in paragraph 10 and restores anchor text) By Anirban Sen, Nupur Anand and Manya Saini NEW YORK,

Some kinds of insider trading are perfectly legal – and they offer useful signals about a company’s health

Corporate layoffs cause confusion about a business’s future, but there’s a way for investors and employees alike to see if downsizing could lead to profitability.

UC Berkeley is establishing the Nancy Pelosi Institute to address democracy's challenges

Former House Speaker Nancy Pelosi and the University of California, Berkeley, are partnering to form a new nonpartisan academic institute they say will be dedicated to strengthening democracy

UK's prime minister-in-waiting vows to rip up politics as usual

Andy Burnham, Britain's prime minister-in-waiting, vowed on Monday to deliver radical change to the nation's politics by

Happy birthday, America? At 250, nation may be too divided to celebrate as one

Betsy Halsey, 63, still has memorabilia from America's 1976 bicentennial in her childhood bedroom at her parents'

Stalled US permits threaten $121 billion in wind and solar investment, report shows

Trump administration policies that have stalled permits for renewable energy projects are putting more than $121 billion of investment at risk and slowing development of wind,

UK's likely next leader Burnham commits to existing fiscal rules

Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as British prime minister, said his plans for the country are consistent with the party's

Martin Marietta to buy Lhoist North America in $13.5 billion deal

Martin Marietta Materials said on Monday it would merge with limestone supplier Lhoist North America in a cash-and-stock deal worth $13.5 billion, as the

Weekend wars

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Is it over or not?

Cheaper AI is better: Soaring bills are reshaping how businesses choose models

Silicon Valley's powerful and pricey AI models have been a necessity for businesses looking to future-proof themselves.

Borrowed money fueling US stock rally is getting more expensive

The borrowed money helping to fuel the U.S. stock rally is getting more expensive, and some on Wall Street are starting to wonder how much longer the

Saks, exiting bankruptcy, bets on high-end luxury to revive sales

Saks Global emerged from bankruptcy last week with fewer stores and a renewed focus on upscale luxury, as it looks to close a rocky chapter in its

Strategy's enterprise value falls below bitcoin holdings as crypto sentiment sours

Strategy's enterprise value has fallen below the value of its bitcoin holdings for the first time, a milestone that threatens to weaken investor confidence in

On Greek island of Santorini, winemakers try to adapt to heat and drought

In a vineyard on the Greek island of Santorini, winemaker Yiannis Boutaris gestures to a dried-up ‘kouloura’ vine trained into the shape

IMF says Malawi credit programme hinges on economic reforms

The International Monetary Fund is ready to move quickly on a credit programme for Malawi, the lender said on Monday, but warned it will depend on the

British American Tobacco cost-cutting hits 9,000 roles

British American Tobacco plans to cut about 20% of its workforce as it pursues an AI-driven overhaul to lower costs and lift profits amid regulatory

What's good for the US economy now may not be good for stocks

The U.S. economy and the U.S. stock market are starting to go their own ways. 

Occidental's new CEO tested by debt, lagging stock price and big dividend payments to Berkshire

In not quite a month as Occidental Petroleum's CEO, Richard Jackson has already been challenged with looking for ways to lift a lagging stock price and pay

Cook ruling, ECB conference likely to further frame Fed chief Warsh's early tenure

Federal Reserve Chairman Kevin Warsh's early leadership of the U.S. central bank faces a fresh test this week, with an appearance before a high-

Apple accuses India of 'copy-pasting' rivals' claims in antitrust investigation

Apple has accused Indian antitrust investigators of "copy-pasting" its rivals' claims and failing to properly conduct its own investigation in concluding

Trump’s tariffs aren’t saving jobs at Whirlpool’s Iowa refrigerator plant

If any company stood to gain from President Donald Trump’s trade war, it was Whirlpool and the workers assembling its iconic appliances in Iowa.

Volkswagen tells workers current job cuts are not enough, works council says

Volkswagen management has told the car group's employee side that currently agreed job cuts are insufficient, according to a note from the works council seen by Reuters on

House Republicans are looking to get their agenda on track after a chaotic week

Speaker Mike Johnson is looking to get the Republican-led House back on track

‘Leave or return in a coffin’: The threat driving migrants out of South Africa

‘Leave or return in a coffin’: The threat driving migrants out of South Africa

Medicare will start covering weight-loss drugs on July 1 for the first time. Here’s what you need to know

Medicare will start covering weight-loss drugs on July 1 for the first time. Here’s what you need to know

Spanish NGOs push undocumented migrants to apply for regularisation as deadline looms

Several non-governmental organisations in Spain are urging undocumented migrants to register in a final push for a special mass regularisation process that

European shares steady as tech gains offset Middle East caution

European shares closed flat on Monday, with gains in technology stocks offset by declines in construction firms, while

Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership

South Korea on Monday laid out a sweeping industrial strategy centred on semiconductors and artificial intelligence, as President

New York launches tariff relief program for farmers

New York farmers can start submitting applications for up to $25,000 in relief from the state as part of a $30 million aid effort aimed at easing the hit to farmers

Chinese EV battery makers pledge to pay suppliers more quickly

Major Chinese electric vehicle battery makers on Monday pledged to pay their suppliers more quickly, as part of wider efforts to ease financial strain across the auto

Banks get creative and look further afield as AI-fueled debt soars

As corporate borrowing tied to artificial intelligence shows no sign of slowing, bankers are coming up with new ways to

After 40 years in Congress, Nancy Pelosi to help create institute to train leaders of the future

After 40 years in Congress, Nancy Pelosi to help create institute to train leaders of the future

Americans' pride in US history and democracy drops, and fewer are proud to be American, polls find

A new AP-NORC poll finds that Americans have grown less proud of the country’s history or the way its democracy works over the past several years

China's CXMT wins $3 billion memory supply deal with Tencent, sources say

Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent Holdings worth more than 20 billion yuan ($2.94 billion) ahead of

French biotech company Ipsen to buy Kartos Therapeutics for $450 million

Ipsen will buy U.S.-based Kartos Therapeutics for $450 million to expand its oncology pipeline with a late-stage blood cancer treatment, the French biotech company said on Monday.

Euro zone corporate lending growth at 3-year high, ECB says

Bank lending to euro zone companies grew at its fastest pace in three years in May, European Central Bank data showed on Monday, extending a gradual but steady acceleration

Europe could be a 'compelling story' J.P. Morgan says, lifts equity index targets

J.P. Morgan raised its year-end target for European equity indexes on Monday, citing corporate earnings strength and improvements in the geopolitical climate.

Bank of England's Pill adds voice to those concerned about 'scenario' forecasts

Bank of England Chief Economist Huw Pill said on Monday that the central bank's shift in communications to focus on multiple scenarios rather than a single

South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand

South Korean tech giants Samsung Electronics and SK Hynix plan to invest a combined $518 billion in a new computer chip manufacturing hub, capitalizing on surging artificial intelligence-driven demand

Australia and Vanuatu sign delayed security deal seen as curbing China

Australia and Vanuatu on Monday signed a development and security pact that had been delayed for months over Vanuatu's concerns that it could stifle

Canada backs Greenland mine producing metal crucial to defence industries

Canada has given C$7 million ($4.93 million) in grants to a Greenland molybdenum mining project, a critical metal used in aerospace, energy and defence, Greenland

Australia gives regulator more power to pursue Big Tech over under-16 ban

Australia introduced new legislation in parliament on Monday to strengthen enforcement of its under-16 social media ban and give its internet regulator more power to pursue

A long-awaited Australia-Vanuatu pact blocks China from building a military base

Australia and Vanuatu have signed a long-awaited bilateral security and economic treaty that prevents China creating a military base on the South Pacific island nation

Markets swivel on tech, Mideast angst

A look at the day ahead in European and global markets from Ankur Banerjee The halt to the latest tit-for-tat attacks in the Middle East spurred a twitchy reaction in markets as lingering unease over

Toyota sales fall for fourth month in May as declines in China, US and Middle East weigh

Toyota Motor said on Monday that global vehicle sales slipped for a fourth consecutive month in May, as decreases in China and the Middle East weighed on overall results.   

China debuts overnight reverse repos at 1.25%, sources say

China's central bank launched overnight reverse repo operations on Monday, a move markets interpreted as deepening its control over liquidity conditions and aligning its policy

Asian markets mixed in choppy trade as AI doubts, Iran tensions cloud outlook

Asian markets were choppy on Monday as investors weighed AI-driven growth against rising cost pressures, while keeping an eye on a fragile U.S.-Iran ceasefire

South Korea exports set to grow at strongest pace in nearly 5 decades: Reuters poll

South Korean exports likely posted their strongest annual growth in nearly five decades in June, as semiconductor shipments broke fresh records

FACT FOCUS: A look at the Trump administration's challenge to birthright citizenship

The battle over birthright citizenship hasn't ended for President Donald Trump despite a June 30 Supreme Court ruling that rejected his executive order declaring that children born to parents who are in the United States illegally or temporarily are not American citizens

China's factory activity likely returned to meagre growth in June: Reuters poll

China's factory activity likely returned to growth in June, albeit by the slimmest of margins, as the world's second-largest economy struggles for momentum despite strong

Philippines leads the world in rush to solar as power prices soar

People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring

Facing China, one Taiwan Coast Guard officer draws strength from the gods

When Yeh Chih-sheng steps aboard Taiwan Coast Guard vessel CG1005 in the choppy waters of the Taiwan Strait, he brings

Japan targets more than doubling real growth to over 1% in economic blueprint

Japan's government will aim to entrench annual real economic growth of more than 1%, according to the draft of its long-term economic blueprint that

China's Momenta kicks off Hong Kong IPO, targets up to $751 million

Chinese self-driving technology firm Momenta Global launched its Hong Kong initial public offering on Monday, seeking to raise up to HK$5.89

Father and son rescued after four days buried under rubble of Venezuela's earthquakes

A father and his son were pulled out alive from the rubble of a collapsed building on Sunday, four days after the devastating earthquakes that

Capricious, violent, arbitrary: Venezuela's twin quakes

I was lying on my bed, thinking about watching the Brazil soccer game — I can't even remember who they were playing — when the bedframe

Sovereign investors with $29 trillion pivot to energy assets, flag dollar fears

Sovereign wealth funds and central banks managing $29 trillion in assets are turning to energy assets, and raising concerns about the dollar, in a portfolio

UK companies turn gloomiest this year on growth, CBI says

British companies expectations for growth in the coming quarter fell this month to their lowest level this year, according to a survey on Monday that added to a run of downbeat

Iran canceled participation in technical talks over recent attacks, official tells state TV

Iran did not take part in technical talks slated for Sunday due to recent attacks on the country and unfulfilled conditions of the MoU with the United States, a member of

Volkswagen plans to end automated driving tie-up with Bosch, Bild reports

German carmaker Volkswagen plans to end its automated driving tie-up with auto supplier Bosch as part of a wider push to cut costs and boost competitiveness, Germany's Bild

Money can't buy success in World Cup for gulf nations like Saudi Arabia and Qatar

Spending billions of dollars and attracting some of soccer’s biggest stars doesn’t guarantee success at the World Cup

Leftovers from World Cup watch parties are feeding the needy in New Jersey: "A gift to our communities"

Leftovers from World Cup watch parties are feeding the needy in New Jersey: "A gift to our communities"

Australia's Firmus Technologies strikes AI access deal with Nvidia

Australian AI infrastructure company Firmus Technologies said on Monday it had signed a strategic partnership with Nvidia Corp to help provide emerging AI

Housing bill will be sent to Trump on Monday, US House speaker says

U.S.

Saudi Aramco helicopter crash kills 14 nationals, state news agency says

A helicopter belonging to Saudi oil giant Aramco crashed on Sunday in Ras Tanura on Saudi Arabia's eastern coast on the Gulf, west of the Strait of Hormuz, killing 14 nationals,

Austria urges Europe to host Anthropic following US curbs on AI access

Austria has proposed that the European Union should consider hosting Anthropic within the bloc's borders in order to counter efforts by the United States to block

Aramco oil company helicopter crashes in Saudi Arabia, killing all 14 on board

A helicopter crash in Saudi Arabia has killed all 14 people on board

Pope Leo prays for Venezuela quake victims as EU sends emergency aid

Pope Leo on Sunday expressed solidarity with people in Venezuela grappling with the devastating impact of twin earthquakes that struck the country earlier this week.

Democrats wrestle with race, populism and ideology in clashes with lawmakers of color

The Democratic Party is confronting its long-standing dilemmas over identity and ideology as it wrestles with populist challengers in communities of color

Venezuelans search for a future as well as survivors after twin quakes pile disaster on years of crisis

Venezuelans search for a future as well as survivors after twin quakes pile disaster on years of crisis

America split from monarchy 250 years ago. Trump's presidency is testing how far it's come

America is getting ready to celebrate the 250th anniversary since it split from Britain's monarchy and embarked on its experiment in democracy

Death toll in Venezuela quake tops 1,400 as rescue efforts intensify

The death toll from Venezuela's devastating twin earthquakes rose above 1,400 on Saturday as foreign rescue teams poured into the country and

Ukraine hits two Russian oil refineries overnight

Ukraine hit two Russian oil refineries in the regions of Krasnodar and Yaroslavl overnight, President Volodymyr Zelenskiy said on Sunday, as Kyiv ramps up pressure on

BIS says debt, AI boom and fragilities raise global risks

Global pressures from rising public debt to financial fragilities and the sustainability of the AI boom are increasing risks, underscoring the need for

Final stretch: NYC’s last horse track, Aqueduct, ending live races

New York City’s last horse track is on its final stretch

Two years after their last debate, Biden jabs at Trump: ‘What a loser’

Two years after their last debate, Biden jabs at Trump: ‘What a loser’

Google limits Meta’s use of its Gemini AI models, FT reports

Google has put limits on Meta’s use of its Gemini AI models after the social media company sought more computing capacity than the rival tech group could provide, the Financial

Peruvians say they were promised jobs in Russia, but landed on the front lines in Ukraine

Peruvians say they were promised jobs in Russia, but landed on the front lines in Ukraine

A new law could create a list of immigrants illegally living in Mississippi. Advocates are alarmed

A new Mississippi law authorizes the state's top law enforcement agency to compile a list of immigrants illegally living in the state

Frustration grows in Venezuela as earthquake death toll reaches 1,430

Tensions are high in Venezuela as the death toll rises to 1,430 after two powerful earthquakes struck three days ago

Tanker struck in Hormuz as Iran, US trade attacks in worst escalation since peace deal

A tanker reported being struck by a projectile in the Strait of Hormuz on Saturday, Britain's maritime security agency said, after the

Argentina cabinet chief resigns after corruption allegations

Argentine President Javier Milei's cabinet chief, Manuel Adorni, resigned on Saturday following a scandal that led to investigations into his spending in recent years.

Trump says he will nominate Lance Schroyer as ICE director

U.S. President Donald Trump said on Saturday that he will nominate Lance Schroyer as the next director of U.S. Immigration and Customs Enforcement.

An explosive appeal from Trump over E. Jean Carroll sexual abuse verdict stalls at the Supreme Court

Kara Scannell reports.

Amazon Prime Day offers a glimpse into U.S. consumer as shoppers navigate with pinched wallets

U.S. online shoppers clawed for deals on electronics, appliances, items for children and everyday essentials during Amazon.com's  annual sales event

America In Focus: Key inflation gauge surges to 3-year high, mortgage rate climbs

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his political party as midterm elections near

Millions drop Obamacare health coverage after subsidies expire and costs rise

New federal figures show that about 3 million fewer people had Affordable Care Act health insurance plans in February compared with the same time last year

Stearns under added scrutiny after firing Mendoza as the last-place Mets look for a path forward

Carlos Mendoza is out

How Trump Accounts compare to other savings plans for your child

How Trump Accounts compare to other savings plans for your child

The US and Iran have a deal on paper. At sea, the Strait of Hormuz is ‘chaotic’

The US and Iran have a deal on paper. At sea, the Strait of Hormuz is ‘chaotic’

Aid is on the way after Venezuela’s earthquakes, but it’s not clear how quickly it can get there

If you want to help, an aid expert advises you to donate cash to nonprofits involved in local rescue and recovery efforts.

Iran and US exchange strikes as Hormuz tensions stress agreement

Iran and US exchange strikes as Hormuz tensions stress agreement

Bolivia ends 15-year dollar peg in attempt to restore economic stability

Bolivia will adopt a flexible exchange-rate system, the government said on Friday, effectively devaluing the currency by ending a 15-year dollar peg in a

Trump's Iran deal falls short for these voters — and some fear it could cost Republicans the midterm

By Julia Harte June 27 - President Donald Trump’s interim agreement to end the war with Iran has dragged down his approval rating and garnered criticism across the political spectrum — even from his

LVMH and Accor's Orient Express sets its sights on new tech billionaire class

Shuttling across the French and Italian Riviera, Orient Express's first giant yacht aims to attract a new class of billionaire.

Japan is adding a new luxury bullet train upgrade

Japan is adding a new luxury bullet train upgrade

Andy Burnham distanced himself from UK Prime Minister Starmer, but may be stuck with his policies

Andy Burnham has set himself apart from the man he expects to replace as British prime minister

US safety agency ends power steering probe into 376,000 Tesla EVs

U.S. safety regulators said on Saturday they had closed their probe into Tesla vehicles over power steering loss, in view of a company recall which was carried out last year.

Trump likely to visit India early next year, Rubio tells India's IANS

Secretary of State Marco Rubio said the U.S. is seeking to arrange a visit to India by President Donald Trump early next year as the countries work on a bilateral trade deal,

States seek to lower drug prices by targeting the companies that manage them for health plans

Legislators across the U.S. are trying to lower prescription costs by reining in big companies that handle drug coverage for health insurers

China industrial profits stay resilient as economy leans on factories, exports

Profits at China's industrial firms grew more slowly though still at a double-digit pace in May, highlighting a widening divide in an economy leaning on factory output and

US strikes Iran in response to attack on cargo ship in Strait of Hormuz

The U.S. military attacked Iran on Friday in response to an Iranian drone strike on a cargo ship in the Strait of Hormuz, with

China strips generals, ex-financial regulator, politburo member of lawmaker posts

China on Friday stripped six military lawmakers, former financial regulator head Li Yunze and recently probed Politburo member Ma Xingrui of their posts in the National

US allows Anthropic to release Mythos AI to 'trusted' US organizations

Anthropic said on Friday that the U.S. government has allowed it to release its powerful Claude Mythos 5 artifical intelligence

Venezuelans take search for the missing into their own hands as earthquake death toll climbs

Venezuelans took the search for missing loved ones into their own hands in the aftermath of back-to-back earthquakes

China's Geely to ship first Lotus EVs to Canada in July under Carney-Xi deal, ambassador says

Geely Holding Group's Lotus brand electric vehicles will arrive in Canada next month under an agreement between Prime Minister Mark

Venezuela quake toll tops 900, search intensifies for hundreds trapped

Desperate Venezuelans and rescue teams raced to find survivors on Friday as the death toll from twin earthquakes rose above

SpaceX, Charter discuss mobile phone partnership in US, Bloomberg News says

SpaceX and internet provider Charter Communications have held executive-level talks about partnering on a consumer mobile phone offering in the United States, Bloomberg News

SpaceX set to join Nasdaq 100, paving way for wave of passive buying

SpaceX will be added to the tech-heavy Nasdaq 100 index on July 7, exchange operator Nasdaq confirmed on Friday, paving the way for a surge in passive investments in Elon Musk's

SpaceX rises modestly ahead of Russell rebalance, Nasdaq entry next

Shares of SpaceX rose a marginal 0.15% on Friday ahead of its inclusion in Russell indexes, with passively managed funds tracking those benchmarks required to add

Utah declares a state of emergency and restricts fireworks as US largest wildfire grows

Utah is restricting fireworks as the largest wildfire in the nation grows, fueled by dry conditions and gusting winds

Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name

Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy Friday with fewer stores, less debt, a more focused strategy to pamper the affluent — and a new name

Major beef exporters near China quota caps, clouding second-half trade, report says

Australia has already filled its annual beef quota for China and Brazil is close behind, potentially pushing two of the world's largest exporters out of the Chinese

Saks Global emerges from bankruptcy with new name, less debt

Luxury retailer Saks Global on Friday emerged from Chapter 11 bankruptcy after nearly five months with less than half of its previous stores and a quarter of its debt.

US bans imports of more Chinese technology goods

The U.S.

PE-backed insurance broker Hub International files confidentially for US IPO

Private equity-backed insurance broker Hub International announced on Friday that it has confidentially filed for an initial public offering in the United States.

GameStop pledges to pursue its takeover offer for eBay despite rejection

GameStop pledged on Friday to pursue its proposed takeover of eBay, even after the e-commerce firm rejected an unsolicited cash-and-stock

Zuckerberg asks Meta to explore working with Polymarket and Kalshi, NYT reports

Meta CEO Mark Zuckerberg has urged his lieutenants to explore partnerships with the popular prediction markets Polymarket and Kalshi as his company builds a similar app, the New

Outgoing IMF chief economist sees risks, shifting trade ties and continued uncertainty on global outlook

Strategic petroleum releases helped avert a sharper rise in oil prices as a result of the war in the Middle East, but the global economy faces

S&P affirms 'AA+' credit rating for US, cites economic resilience

June 26 - S&P Global affirmed its "AA+" credit rating for the U.S. on Friday, saying the economy's resilience supported solid fiscal revenue collection.

Trinidad Chambliss disagrees with LSU coach Lane Kiffin about how Black recruits view Ole Miss

Mississippi quarterback Trinidad Chambliss says he doesn't agree with comments first-year LSU coach Lane Kiffin made last month that Ole Miss’ past embrace of Confederate symbols made recruiting Black players more difficult

Things to know about Venezuela's powerful earthquakes

The devastating 7.2- and 7.5-magnitude earthquakes that struck Venezuela late Wednesday have killed at least 920 people and left more than 3,300 injured

Trump says he will repair National Mall reflecting pool after July 4

President Donald Trump said on Friday he would repair the National Mall reflecting pool after July 4, as the landmark remains under heightened security

Adani prosecutors must justify dropping criminal case, US judge rules

A U.S. judge ordered the Justice Department on Friday to justify its decision to drop criminal charges against Indian billionaire Gautam Adani, declining to

World stocks edge lower as tech selloff drags markets

Global equity markets edged lower on Friday, set for a weekly decline as investors kept taking profits on high-flying technology and chip stocks, while

Fear grips Haitian communities after Supreme Court ruling unwinds protection from deportation

Fear is ricocheting through Haitian communities across the United States after the Supreme Court decided to allow the Trump administration to end legal protections for migrants fleeing violence and natural disasters

Most of Wall Street rises, but sinking AI stocks send it lower for the week

Most of the U.S. stock market rose after oil prices eased back to where they were before the war with Iran, but drops for AI stocks kept the market in check

Coloradan's 100,000-piece military uniform collection tells stories of those who served

Coloradan's 100,000-piece military uniform collection tells stories of those who served

UN agency working to restart Hormuz evacuations after ship attack

The United Nations is working with countries to resume the evacuation of hundreds of ships and thousands of stranded seafarers from the Strait of Hormuz

Trump administration asks US Supreme Court to endorse immigration detention policy

U.S. President Donald Trump's administration has asked the U.S.

Cannabis shops at risk of closing amid new federal law

Cannabis shops at risk of closing amid new federal law

S&P 500 ends lower; chips tumble and Moderna rallies

The S&P 500 ended marginally lower on Friday, with a steep drop in AI-related chip stocks and sharp gains in Moderna and other healthcare stocks.

US CDC raises Ebola outbreak response to highest level

The U.S.

Haleon among bidders for supplements maker Thorne, sources say

Consumer health company Haleon bid for U.S. supplements firm Thorne, sources said on Friday, at a time when Haleon has been

Trump threatens 100% tax on European imports if countries impose tax on digital services

President Donald Trump is threatening a 100% tariff on imports from any country that imposes a tax on digital services provided by United States companies

Congressional panel investigating Epstein subpoenas Leon Black

By Nolan D.

Black women's non-profit awards grants to local Southern groups as part of joy-filled tour

Organizations supporting Black women and girls in the American South are receiving a boost this summer

Citadel's Griffin pays for talent — including US soccer coach

As the United States men's national soccer team advances in the World Cup, fans from Wall Street to the wider world have an unexpected patron to

Central bank sees no need for extra measures as worried Russians withdraw cash

Russia's central bank said on Friday there was no need for extra measures to stabilise the banking system, despite a rise in cash withdrawals that some

Biggest job cuts by global automakers

Auto giant Volkswagen's potential plan to shutter four German factories and ramp up job cuts to as many as 100,000 could be the biggest ever overhaul in the industry.

EDF agrees to sell US, Canada unit to KKR

EDF signed an agreement to sell EDF Power Solutions in the United States and Canada to private equity firm KKR, the company said on Friday. 

Chevron eyes more deals to power US data centers

Chevron is exploring additional data center deals across the U.S., including the Midwest, Rockies, and Gulf Coast, following its two-

IMF chief economist says Fed reduction in rate guidance is 'entirely appropriate'

The International Monetary Fund's chief economist on Friday said Federal Reserve Chair Kevin Warsh's plan to reduce forward rate guidance on monetary

IMF chief economist Gourinchas says global economy remains firmly 'dollar-centered'

Global trade flows and relationships are shifting after U.S.

Putin, Lukashenko hold talks on Friday at tense point in Ukraine war

Russian President Vladimir Putin and Belarusian President Alexander Lukashenko held talks on Friday, the Kremlin said, and discussions were expected to focus on the war in

US diesel refining economics remain firm despite Iran war truce

The U.S. diesel futures crack spread, a measure of profitability for refiners, hit a three-week high as analysts said supply tightness for the product is

Trump threatens 100% tariff on any country that imposes digital services tax

U.S.

House Oversight panel subpoenas billionaire investor with Epstein ties for deposition and information on NDAs

House Oversight panel subpoenas billionaire investor with Epstein ties for deposition and information on NDAs

Tanker transporting ethanol overturns, forcing evacuations

Tanker transporting ethanol overturns, forcing evacuations

Lagos building collapse kills at least nine, authorities say

At least nine people were killed and many others injured on Thursday after a multi-storey building collapsed in Lagos , the state's commissioner for information said on

US consumer sentiment improves in June, concerns of high cost of living remain

U.S. consumer sentiment rebounded from record lows in June, though households remained worried about the high cost of living, a survey showed on Friday.

Iran strikes vessel, pausing UN efforts to evacuate ships from Hormuz

Iran strikes vessel, pausing UN efforts to evacuate ships from Hormuz

Falling energy prices won't defuse rising risk of civil unrest in emerging markets

A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure

Prediction market platform Polymarket tops $1 billion in annualized revenue, source says

Polymarket's annualized revenue has surpassed $1 billion, a source familiar with the matter told Reuters on Friday, highlighting the rapid rise of prediction markets

Argentina's April economic activity seen up 2% year-on-year: Reuters Poll

Argentina's monthly economic activity indicator is forecast to show 2% year-over-year growth in April, down from 5.5% in March, according to the median of a Reuters

Surge in imports drives US goods trade deficit to 14-month high in May

The U.S. trade deficit in goods swelled to a 14-month high in May as businesses boosted imports, likely to avoid shortages and higher prices related

Dollar declines for second straight day but set for weekly gain

The dollar fell for a second straight session on Friday as recent economic data and a drop in oil prices slightly cooled expectations for Federal Reserve rate hikes,

Drone startup Elroy Air to list on Nasdaq via $1 billion SPAC deal

Cargo drone startup Elroy Air has agreed to list in the U.S. through a merger with blank-check firm Columbus Circle Capital Corp II in a deal valued at roughly $1 billion, the

Small aircraft crashes into Beijing’s tallest skyscraper

Small aircraft crashes into Beijing’s tallest skyscraper

DNC plans weekend of events to focus on affordability concerns

Democrats are organizing events nationwide this weekend to address affordability concerns

Americans are feeling a little better about the economy as gas prices ease

Americans are feeling a little better about the economy as gas prices ease

Brazil posts narrower-than-expected current account deficit in May

Brazil's current account deficit reached $3.185 billion in May, central bank data showed on Friday, narrower than the $4.159 billion shortfall expected in a Reuters poll.

Chinese brokerages push for LME membership to expand global metals role

Three Chinese brokerages - Yongan Futures, Orient Futures and Guotai Junan Futures - are preparing to apply for membership of the London Metal

Hungary aims to meet euro entry conditions by around 2030, PM Magyar says

Hungary, which currently meets none of the criteria to adopt the euro, could meet these conditions by around 2030, Prime Minister Peter Magyar said on Friday, adding that

What is behind South Africa's anti-immigrant protests?

Protesters have told all undocumented foreigners to leave South Africa by Tuesday, ahead of anti-immigrant rallies that many fear will turn violent.

Trump clean energy tax credit cutoff drives project rush as prices set to soar

U.S. solar developers have secured federal subsidies for a wave of projects large enough to nearly double current capacity, rushing to beat a July 4 deadline that

Volkswagen Law: the unique structure behind Europe's biggest carmaker

Volkswagen's plans to close plants in Germany and nearly double planned job cuts to around 100,000 have put the spotlight on

Fed Chair Warsh taps veteran staff economists as advisers, WSJ reports

U.S.

Which Volkswagen factories in Germany could be shut down?

Carmaker Volkswagen is considering shutting down four factories in Germany, two people familiar with the matter said on Friday, as it faces mounting pressure from Chinese rivals.

Germany's 2027 draft budget is finalized, Handelsblatt reports

Germany's 2027 draft budget has been finalized, German newspaper Handelsblatt reported on Friday, citing sources, saying that Finance

UK public's inflation expectations continue to ease, Citi/YouGov survey shows

The British public's expectations for future inflation continued to recede in June, according to a survey from U.S. bank Citi and pollsters YouGov that should ease concerns at the

Wall St opens lower as chip stocks resume slide

Wall Street's main indexes fell on Friday, as chipmakers came under renewed selling pressure after a stellar run this quarter, with investors questioning high valuations and the

VW weighs up to 100,000 job cuts, four plant closures in biggest overhaul yet, sources say

Volkswagen is considering shutting four German factories and ramping up job cuts to as many as 100,000, two people familiar with the

Silver miner Sinda falls in NYSE debut after $213 million IPO

Shares of Sinda fell 10% in their New York Stock Exchange debut on Friday after the Mexican silver miner raised $213 million in its U.S. ‌initial public offering.

Oil prices dive as more tankers move through Strait of Hormuz

Crude prices fell by more than 3% on Friday, on course for steep weekly losses, as oil tankers kept exiting the Strait of Hormuz, easing supply concerns the day after a

Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead

Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead

For Haitian women in Florida, the loss of TPS is more than an immigration law issue

The uncertainty of Haitian TPS status in the US is a significant source of stress for Haitian migrants, particularly women.

Americans are not as well off as people in peer nations – US safety net’s shortfalls show up in global data

This is not a one-year blip. The US has been underperforming in terms of health, education and more for the past 25 years.

MLB's draft overhaul would limit choices for teen players — and be a boon for colleges

MLB's owners recently proposed banning high school players from signing with major league teams, which would be a huge change for the sport

International aid heads to Venezuela after deadly earthquake

Rescuers, cash and other emergency aid are arriving in Venezuela after two powerful earthquakes shattered areas in and around the capital Caracas and left thousands missing.

Newsom urges a national 'billionaires' tax' while fighting one in California

California Gov. Gavin Newsom is calling for a national “billionaires' tax” and suggests the U.S. government should own a stake in AI companies

New York man allegedly stole deed to home of woman with dementia

New York man allegedly stole deed to home of woman with dementia

Ships took advantage of an opening in the Strait of Hormuz. But it may be closing

Ships took advantage of an opening in the Strait of Hormuz. But it may be closing

College is unaffordable for many Americans – but don’t just blame rising tuition

College tuition has not significantly risen since 1990, at least compared to tuition changes over the previous decades.

Why states are walking back their own climate and energy laws, and what they might do instead

Many steps that are good for clean energy also dovetail with federal priorities, from affordable housing to data centers and rural development.

Volkswagen reportedly planning to axe 100,000 jobs

Volkswagen reportedly planning to axe 100,000 jobs

AI stocks melt down again. What’s going on?

AI stocks melt down again. What’s going on?

European shares slip as tech selloff bites, Zalando slides

European shares pulled back from record highs on Friday, with technology shares tracking global sector weakness, while Zalando

When the chips are down and up and down

Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend.

US equity funds record weekly outflows as tech weakness weighs

U.S. equity funds came under selling pressure in the week to June 24, as concerns over debt-funded spending in the technology sector and expectations of a hawkish Federal Reserve

Financial regulators scramble to counter AI rise with own tools

Banks and financial sector watchdogs must move quickly to adopt new technology to plug system vulnerabilities as AI supercharges cybersecurity risks, a top Swiss financial

Fed to hold rates this year, economists say, defying market bets for hikes: Reuters poll

The U.S.

Earthquake shifts political ground for Venezuelan leader Delcy Rodriguez

Venezuela's strongest earthquake in over a century is the biggest challenge to Delcy Rodriguez's early leadership but

UK proposes listing rule changes amid Saba tussle with trusts

Britain on Friday set out proposed changes to listing rules for investment trusts aimed at strengthening shareholder protections, following a series of campaigns by U.S.

Ukraine unleashes one of its heaviest drone bombardments of Russia

The Defense Ministry in Moscow says Ukraine launched a major nighttime drone attack on Russian regions, Crimea, and surrounding seas

NATO deputy commander wants Turkey summit to spur more defense spending and show unity

NATO's deputy commander said he wants a summit in Turkey to encourage member countries to spend more on defense and support Ukraine

Take Five: Time to keep your cool

A wild first half of the year is almost over, with focus shifting to how central banks, especially the Federal Reserve, steer markets in the months ahead.

Hyundai to recall over 96,000 US vehicles over faulty instrument panel display, NHTSA says

Hyundai Motor is recalling 96,300 vehicles in the U.S. over a software error that may cause the instrument panel display to fail, the U.S.

Chinese AI, chip firms are driving an onshore IPO rebound

China's onshore technology IPOs are on track for their strongest year since 2023 as Beijing seeks to bolster listings of chip

End of an era? Salvini's decline undermines Meloni's re-election bid

Matteo Salvini once earned the nickname "the captain" after steering his far-right League party to the forefront of Italian politics.

Jobs data, rate bets in focus as US stocks close solid first half

Jobs data in the coming week will shed light on the U.S. economy's strength, which could raise prospects for near-term interest rate hikes, adding

China Eastern Airlines to buy 25 Airbus A330neo jets for list price of $9.4 billion

China Eastern Airlines said on Friday it plans to buy 25 A330neo jets from Airbus for a catalogue price of about $9.35 billion, as the

On immigration, Supreme Court accedes to Trump's restrictive agenda

Since Donald Trump returned to the presidency last year promising to aggressively crack down on immigration and pursue a campaign of mass deportation,

After Supreme Court’s TPS decision, more than a million immigrants face scramble to stay in US

After Supreme Court’s TPS decision, more than a million immigrants face scramble to stay in US

Italy to join US-led Pax Silica AI initiative despite Trump spat

Italy will join the U.S.-led Pax Silica initiative on artificial intelligence supply chains

Volkswagen declines to comment on reported job cuts

Volkswagen on Friday declined to comment on a report stating that it aims to slash up to 100,000 jobs from its current workforce worldwide over the next few years.

Euro zone consumers cut inflation bets for the next year, ECB survey shows

Euro zone consumers cut their near term inflation expectations in May and kept them steady for longer horizons, a European Central Bank survey showed on Friday,

Saudi Aramco resumes oil loading at Ras Tanura in boost to supply

Saudi Aramco resumed crude loadings on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data showed, as

Tech weakness sends weekly global equity fund inflows sharply lower

Global equity fund inflows slowed sharply in the week to June 24, as concerns over debt-funded technology spending and a hawkish stance of the U.S.

Bangladesh urges China to reduce trade gap, speed infrastructure delivery

Bangladeshi Prime Minister Tarique Rahman urged Chinese leader Xi Jinping to help narrow the trade gap between the world's No.2 economy and the South Asian

California voters will consider a measure in November to raise taxes on billionaires

Californians will vote in November on a controversial proposal to impose a one-time tax on billionaires to help fund federal funding cuts to healthcare for low-income people

Chipflation

A look at the day ahead in European and global markets from Ankur Banerjee Just as investors were settling into the idea that the AI rally still had legs, Apple delivered a reality check that someone

Vance, Rubio strike different tone on Iran and Israel

President Donald Trump's administration has pushed hard to present a united front on the Iran war, but statements by his vice president and secretary of

Germany plans to ease pension burden, but young still face an uphill climb

Germany's proposed pension reforms will ease pressure on younger workers struggling to accumulate wealth in the face of a weak economy and high housing

UN halts escort of ships through Hormuz after vessel comes under attack

The U.N.

Kioxia shares slump 12% as AI-related stocks fall

Shares of Japanese chipmaker Kioxia slid 12% on Friday after a report that ChatGPT maker OpenAI was considering delaying its initial public offering sparked a selloff in AI-

Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea

Samsung Group will pledge on Monday 1,000 trillion won ($648 billion) in South Korea over the next decade, a media report said, in a

Honda CEO apologises for company's loss, wins investor backing at annual meeting

Honda Motor Chief Executive Toshihiro Mibe secured support for his reappointment to the Japanese automaker's board at its annual meeting on Friday after apologising to

Musk's SpaceX targets US consumers with Starlink mobile service push, FT reports

SpaceX has told investors it plans to launch a Starlink mobile service for U.S. consumers, the Financial Times reported on Friday, in a move that could allow the Elon Musk-led

Dollar rides into second half of 2026 on a 'winner takes it all' wave

The dollar heads into the second half of 2026 on a high, thanks to bets for higher U.S. interest rates and

Venezuela health minister says around 235 people dead and 4,300 injured in catastrophic earthquakes

Venezuelans searched for survivors beneath collapsed buildings and rescue teams raced to northern areas rocked by a pair of powerful earthquakes that officials say killed around 235 people and left at least 4,300 people injured

Always-on won: Korean dealers fret about risks in landmark shift to 24-hour trading

Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, the post-Brexit

Mining behemoth BHP to split President Americas role into two positions

Mining major BHP will split its President Americas role into two positions, President North America and President South America, as part of the executive leadership team changes it

New York City freezes rents for one million apartments in Mayor Mamdani victory

A New York City housing board voted on Thursday to freeze the rents for about one million regulated apartments for up to two years, fulfilling a central

Core inflation in Tokyo accelerates as energy-driven price pressures begin to broaden

Annual core inflation in Japan's capital accelerated in June, data showed on Friday, a sign of broadening price pressures from the Middle

Judge blocks Trump plan that would limit graduate student loans in nursing and other fields

A federal judge has blocked part of a Trump administration plan that would have limited access to loans for students pursuing graduate degrees in nursing, physical therapy, public health and some other fields

California seeks court order to block reversal of state emission rules

The state of California on Thursday sought a preliminary injunction to block the U.S.

74-year-old man becomes oldest inmate executed in modern Florida history

A 74-year-old man convicted of killing his wife has become the oldest person to be executed in modern Florida times

Trump to tap telecom regulatory lawyer as DOJ antitrust head

U.S.

Latin America's 10 deadliest earthquakes

Two powerful earthquakes that struck the northern coast of Venezuela and capital Caracas on Wednesday claimed at least 188 lives, a toll that could increase as rescue teams comb

US moves ahead with $700 million jet engine sale to Turkey despite lawmaker concerns

President Donald Trump’s administration has formally notified Congress of its intention to sell dozens of jet engines worth more than $700 million to Turkey,

BHP-backed I-Pulse wins $250 million US CHIPS award for silicon-carbide semiconductors

Mining giant BHP-backed I-Pulse said on Thursday it had signed an agreement with the U.S.

US Army selects Titan, REalloys to build critical mineral processing sites

Canadian miner Titan Mining and U.S.-based REalloys said on Thursday they were selected by the U.S. Army to develop processing facilities for critical minerals.

Onsemi to buy Synaptics in $7 billion all-stock deal

ON Semiconductor Corp  said on Thursday it had agreed to acquire Synaptics in an all-stock deal valued at about $7 billion,  its largest

Top bankruptcy attorney Sprayregen to join US law firm Paul Weiss

James Sprayregen, who over three decades built the restructuring practice of Kirkland & Ellis and turned it into the

Womenswear retailer Reformation reports revenue rise in US IPO filing

Private equity-backed womenswear retailer Reformation on Thursday reported a rise in annual revenue in its U.S. initial public offering filing.

OpenAI leans toward waiting until next year for IPO, NYT reports

OpenAI is considering holding off on its public debut until next year, the New York Times reported on Thursday, citing three people involved in the company's deliberations.

Johns Hopkins University lays off over 100 employees, cites federal funding cuts

The Johns Hopkins University said on Thursday it laid off 110 employees this week, citing cuts in federal research funding, with the layoffs impacting

Venezuelans in the US rush to send aid to earthquake victims, but Caracas airport is closed

Venezuelan migrants living in the U.S. are rushing to send aid to family and friends stricken by devastating earthquakes in their home country

FAA proposes to speed new commercial aircraft certifications

The Federal Aviation Administration on Thursday proposed changes to modernize and speed certification of new commercial airplanes and harmonize

Trading Day: Tech outlook is cloudy

It was a day of modest reversals across currencies and commodities on Thursday, to varying degrees, as the dollar rally and oil slump paused for

Congress backed an Iran war powers resolution. Now what?

This week both the Republican-led U.S. House of Representatives and U.S.

House speaker to send housing bill to White House, Axios says

U.S. House of Representatives Speaker Mike Johnson said on Thursday he will transmit the housing bill to the White House following his meeting with U.S.

Plane lands safely at Logan after pilot becomes incapacitated, Massport says

Plane lands safely at Logan after pilot becomes incapacitated, Massport says

Takeaways: Supreme Court hands Trump massive wins on immigration agenda

Takeaways: Supreme Court hands Trump massive wins on immigration agenda

Wall Street drifts to a mixed finish after Micron soars and Apple drops

The U.S. stock market drifted to a mixed finish after several AI stocks veered back up the roller coaster, while Apple shares dropped after hiking prices on many of its products

Polestar says the Commerce Department is banning US sales of its cars

Polestar says the Commerce Department is banning US sales of its cars

World Bank in talks with Venezuela authorities after major earthquakes

The World Bank Group said on Thursday it is in contact with Venezuelan authorities and assessing how best to support the country after two powerful earthquakes, with thousands

US cranks up pressure on China EVs with Polestar ban

Polestar said on Thursday the Trump administration was forcing the electric-vehicle maker to stop selling vehicles in the

NATO's Rutte says billions in new defense contracts will be announced at summit

NATO allies will announce tens of billions of dollars in defense-related deals at a summit next month in Turkey, and will also underscore their commitment to defense

JPMorgan sets a new succession plan but Dimon plans to stay on

Jamie Dimon plans to stay on as JPMorgan's CEO for at least three more years, a source familiar with the matter said on Thursday, as

Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook

The Nasdaq closed lower on Thursday, dragged down by losses in Big Tech shares, while the S&P closed near flat and the Dow

House Speaker Johnson tries to patch things up between Trump and Congress

U.S.

Ares caps withdrawals again at flagship $23 billion private credit fund

Ares Management again capped withdrawals at its flagship private credit fund after redemption requests rose in the second quarter, according to a filing released Thursday.

World stocks climb on chip rally; dollar steadies near one-year high

Global stocks rose on Thursday as strong earnings from chipmakers lifted sentiment, although investors remained wary about stretched valuations for AI-

Bank of Canada consultations back 2% inflation target, flag affordability concerns

The Bank of Canada's consultation on its monetary policy framework review found broad support for its 2% inflation target, but participants complained

SpaceX plans to build 'Starpipe' natural gas pipeline to fuel Starship rockets

SpaceX plans to begin next month building an eight‑mile (13-km) natural gas pipeline called "Starpipe" to its Texas launch facilities, according to

Fed's Goolsbee sees glimmer of hope in latest inflation data

Chicago Federal Reserve President Austan Goolsbee on Thursday said there was a "glimmer of hope" on services inflation in the latest U.S. inflation report, but

Oil prices climb 2% after cargo ship hit by projectile near Oman

Oil prices rose more than 2% on Thursday after a cargo vessel was hit by an unknown projectile near Oman, putting an evacuation effort for ships from

Fed's Williams: Inflation still too high, rate policy 'well positioned' to lower price pressures

By Michael S.

Turkish journalism groups say independent outlets denied accreditation for a NATO summit in Ankara

Turkish journalism groups say several independent media outlets have been denied accreditation for an upcoming NATO summit in Ankara

The 2 earthquakes that struck Venezuela are known as a 'doublet.' Here's how they happen

The deadly earthquakes that have struck Venezuela’s northern coast were an event known as a “doublet.”

Apple increases prices for Macs and iPads, blaming a shortage of memory chips

Apple on Thursday announced an increase in prices for Macs and iPads, citing a memory chip shortage brought on by the artificial intelligence boom

Stellantis, Nissan eye Marelli assets in rescue talks, Bloomberg reports

Automakers Stellantis and Nissan Motor are in talks to take over some assets of Japanese auto parts supplier Marelli Holdings, Bloomberg News reported on Thursday, citing sources.

Xbox to raise console prices worldwide from August

Microsoft's Xbox is raising prices of its gaming consoles by up to $150 worldwide, citing a deepening global components crisis that has sent storage and memory costs soaring across

Hundreds arrested as Kenyans mark the anniversary of deadly protests in 2024

Police in Kenya have detained hundreds of people and fired tear gas as families of those killed in anti-government protests two years ago marched to Parliament demanding compensation and justice

At least 6 injured, hazmat teams deployed after water plant explosion

At least 6 injured, hazmat teams deployed after water plant explosion

Park Service will drain, repair Reflecting Pool after July Fourth, court filing says

Park Service will drain, repair Reflecting Pool after July Fourth, court filing says

JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for Dimon

JPMorgan Chase promotes Doug Petno and Troy Rohrbaugh to copresidents, positioning them as potential successors to the bank's longtime CEO Jamie Dimon

Bally's threatens lawsuit if Chicago keeps video gambling terminals legal, vows to halt $4M licensing payments

Bally's threatens lawsuit if Chicago keeps video gambling terminals legal, vows to halt $4M licensing payments

Train service suspended on South Shore Line after derailment near East Chicago

Train service suspended on South Shore Line after derailment near East Chicago

China seeks Austria's help in easing China-EU tensions

China and Austria should respect each other's "core interests" and work to improve China-EU ties, Beijing's top diplomat told his Austrian counterpart on Thursday, as

Micron joins rivals pitching AI deals as cure for memory's boom-bust cycle

Memory chipmakers have for decades been trapped in boom-bust cycles, with capacity buildouts hitting the market

Federal monitor says UAW head Fain abused authority; Fain denies findings

The federally appointed watchdog overseeing the United Auto Workers union found that its president, Shawn Fain, retaliated against a top officer and

IMF sees solid momentum in US economy; says Fed right to hold interest rate steady

The U.S. economy has seen solid growth momentum and inflation was expected to reach the Federal Reserve's 2% target by the end of 2027, the International Monetary Fund

Bumble dating app explores sale, sources say

Dating app Bumble is exploring a sale amid slowing growth in the online dating sector, according to three people familiar with the matter.

Senior US diplomat says Taiwan arms sale does not hinge on China

The U.S.

IMF says energy, commodity prices fall after Iran deal but will take time to normalize

The International Monetary Fund said on Thursday that it has seen energy and commodity prices fall since

Brazil central bank says policy horizon unchanged after market confusion

Brazil's central bank pushed back on Thursday against market perceptions that it had extended its monetary policy horizon, after its latest rate decision

JPMorgan Chase plans to expand Community Center program, doubling branches in low-income areas

JPMorgan Chase plans to double its "Community Center" branches that focus on low-income neighborhoods

Cubs acquire left-hander David Peterson in a trade with the Mets, AP source says

The Chicago Cubs have patched a hole in their depleted rotation by acquiring struggling left-hander David Peterson in a trade with the New York Mets, according to a person with direct knowledge of the deal

X Games looks for a reboot featuring familiar names — Scotty James, Eileen Gu — and new teams

The X Games is out to show there are riskier moves in action sports than flying upside down above a halfpipe

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near

US Senator warns of administration plan to hastily remove over 500 unaccompanied migrant children

A U.S. senator is warning of a Trump administration plan to remove over 500 children from the country, bypassing legal protections, in a letter sent to U.S. Health Secretary Robert F. Kennedy Jr. on Wednesday

US automotive quality increased industrywide last year, with Ford taking top honors

The automotive industry’s increasingly complex vehicles improved in overall quality during the past year, with Ford Motor taking the top initial quality

Apple raises prices of MacBooks, iPads as memory costs skyrocket

Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip

France seizes 'shadow fleet' tanker, stepping up pressure on Russia

France's navy seized another tanker it said was linked to Russia's "shadow fleet" on Thursday, underscoring the escalation this year in European efforts to

Dollar retreats as US inflation data eases rate hike expectations

The dollar was set to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation

World court judges sue Trump administration over sanctions

Three International Criminal Court judges on Wednesday sued U.S.

Banks increase dividends after Fed stress test results

Banks announced increased dividends and some announced new share buy-back programs on Wednesday, after the Federal Reserve released results of its stress test.

IMF: confident on Argentina repayment, even after staff flags exceptional risks

The International Monetary Fund is confident Argentina will keep paying what it owes the IMF, even as its own staff report describes repayment capacity as subject to exceptional

US Latino voters are up for grabs. Both parties are struggling to connect with them

Gerardo Verdugo voted for Donald Trump in 2024 hoping for an economic revival.

May US PCE inflation tops 4%, leaves Fed hike on the table

U.S. inflation increased further in May, breaking above 4.0% for the first time in three years as the Middle East conflict boosted energy prices, and

Apple is hiking the prices of MacBooks and iPads due to the memory chip shortage

Apple is hiking the prices of MacBooks and iPads due to the memory chip shortage

Brazil inflation slightly below expectations in mid-June

Brazil's consumer prices rose slightly less than expected in the month to mid-June, data from statistics agency IBGE showed on Thursday, with food costs driving the

Kenya police disperse group marking deadly 2024 protests

Kenyan police fired tear gas on Thursday to disperse protesters in Nairobi after dozens took to the streets in memory of

Brazil's central bank sees 2028 inflation close to target despite near-term pressures

Brazil's central bank on Thursday published updated inflation forecasts showing price increases near target by the end of 2028, even as projections

US weekly jobless claims drop more than expected

The number of Americans filing claims for unemployment benefits fell more than expected last week, consistent with labor market resilience.

Wall St futures extend gains after May inflation data

U.S. stock index futures extended gains on Thursday as a largely in-line inflation reading fueled hopes for a less hawkish Federal Reserve.

Germany's Merck boosts life sciences business with $11 billion bet on Bio-Techne

German drugmaker Merck KGaA said on Thursday it would buy U.S. firm Bio-Techne for $11.3 billion, its biggest deal in

US core capital goods orders rebound sharply in May

New orders for key U.S.-manufactured capital goods rebounded sharply in May as demand increased broadly, suggesting business spending on equipment would again underpin

Tesla to ramp up production in Germany by 20%

Tesla said on Thursday that production at its Berlin plant will rise by 20% to 7,500 vehicles per week from October this year.

US first-quarter GDP revised sharply higher; but consumer spending nearly stalls

The U.S. economy grew faster than previously estimated in the first quarter, but consumer spending almost stalled.

Wall St opens higher after Micron revives AI optimism, upbeat economic data

Wall Street's main indexes advanced on Thursday as strong forecasts from Micron and Qualcomm renewed AI optimism, while upbeat economic data aided sentiment.

Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand

Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla's for the first time on Thursday, after the memory chipmaker's solid forecast helped extend

Fed expected to hold rates steady in July, hike in September

The Federal Reserve won't raise interest rates next month even after a government report showed inflation based on the U.S. central bank's targeted measure was the

The danger of US-Iran ceasefire agreement is what it leaves out

A strong deal would build in real penalties for going back to war: automatic, reversible costs that fall on anyone who restarts the fighting.

US Supreme Court opens the courthouse door to lawsuits tied to Cuba’s property seizures 6 decades after the fact

One law generally shields foreign governments and companies they own from lawsuits in US courts. Another lets many Cuban cases proceed, according to a new ruling.

US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate

The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth

Inflation topped 4% in May, but the worst may be over

Inflation topped 4% in May, but the worst may be over

Why rural healthcare fund’s $50B focus on tech upgrades may not help vulnerable hospitals and providers

An influx of cash would help stabilize rural health systems, but the program’s focus on technology may leave other major issues unaddressed.

US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds

Fewer Americans applied for jobless aid last week as layoffs remain low despite economic headwinds that are creating uncertainty for businesses

Oil prices at pre-war levels on rising Middle East supply

Oil prices were on Thursday at levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed

Wall Street trading to surge as Russell 1000 index set to add SpaceX, small-cap stocks

Investors expect heavy trading volume on Friday to reflect changes to the Russell indexes, including reclassifications for

Major deals involving US drugmakers and biotechs over the past decade

Vertex Pharmaceuticals has agreed to buy Crinetics Pharmaceuticals for about $10 billion, expanding its reach beyond blood disorders and pain into rare endocrine diseases.

Volkswagen's Everllence valued well above €9 billion in bidding race, source says

All three bids for Volkswagen's engine maker Everllence valued the unit "clearly above" €9 billion ($10.21 billion), a

IMF sees growth slowing in Switzerland before 2027 rebound

Swiss economic growth will remain subdued in the near term, slowing to 1.1% in 2026, as sluggish growth among trading partners and heightened geopolitical and tariff uncertainty

Microneconomics

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Micron Technology's impressive earnings update and demand forecasts

Simpler bank rules risk creating loopholes, study says

Moves to simplify bank regulation in the U.S. and Britain could end up making the system less safe if rules become easier for lenders to circumvent, according to

Morgan Stanley was among first global banks to back MFS before boom and bust

Morgan Stanley was among the first Wall Street backers of Market Financial Solutions Ltd., lending credibility to the British private credit business

BlackBerry lifts annual revenue forecast as QNX unit powers growth, shares rise

BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts,

Condiments maker McCormick tops profit estimates on higher pricing

Cholula hot sauce maker McCormick handily beat Wall Street estimates for second-quarter profit on Thursday, as higher prices for its spices and condiments helped offset rising

Iran, Oman stress need for coordination on Strait of Hormuz traffic in foreign minister call

The foreign ministers of Iran and Oman stressed the need for continued bilateral coordination on maritime traffic in the Strait of Hormuz during a phone call on Thursday,

Ghosn says calls for his Nissan return show investor anger over results

Former Nissan Chairman Carlos Ghosn said calls by some shareholders for his return reflected deep anger over years of failed turnaround plans, accusing the

Wealthy nations reap huge benefits from immigration, study finds

Wealthy nations with the highest rate of immigration over the past 35 years reaped a large economic benefit and many could still absorb more workers, according to

'A close call': BofA Global Research drops BoE rate hike forecast on easing inflation

BofA Global Research on Thursday dropped its forecast for the Bank of England to hike rates this year, terming it a 'close call' driven by lower energy prices, easing inflation

KKR reports more than $900 million in quarter-to-date monetization income