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Today: May 29, 2026
Today: May 29, 2026

Economy

Asia|Business|Economy|Technology

Foxconn has immense confidence in growth momentum due to AI, chairman says

Taiwan's Foxconn, the world's largest contract electronics manufacturer, has immense confidence in its growth momentum because of soaring AI demand, Chairman

Foxconn has immense confidence in growth momentum due to AI, chairman says
Business|Economy|Environment

District court denies California parks department bid to stop Sable Offshore pipeline

A U.S.

District court denies California parks department bid to stop Sable Offshore pipeline
Business|Economy|Environment|Science|Technology

Blue Origin rocket explodes on launchpad in a setback for bid to catch Musk's SpaceX

An uncrewed Blue Origin New Glenn rocket exploded on a Florida launchpad during a test on Thursday, in a major setback for Jeff Bezos’ space

Blue Origin rocket explodes on launchpad in a setback for bid to catch Musk's SpaceX
Business|Economy|Finance|Science|Technology

Samsung Electronics ships faster HBM4E chip samples to customers; shares jump

Samsung Electronics on Friday said it started shipping samples of its latest high-bandwidth memory (HBM) chip to customers, pulling ahead of rivals in

Samsung Electronics ships faster HBM4E chip samples to customers; shares jump
Economy|Environment|Political|US|World

Trump's room to maneuver narrows as US, Iran close in on framework deal

President Donald Trump finds himself in a bind as he seeks to end the war against Iran: he is under pressure to reopen the Strait of Hormuz and get

Trump's room to maneuver narrows as US, Iran close in on framework deal
Business|Economy|Finance|Stock Markets|World

New Zealand central bank governor signals earlier and steeper rate hikes

Reserve Bank of New Zealand Governor Anna Breman said on Friday interest rates were likely to increase sooner and by more than previously signalled to combat inflation.

New Zealand central bank governor signals earlier and steeper rate hikes
Business|Economy|Finance|World

New Zealand Labour says budget fails to address rising living costs

New Zealand shadow finance minister Barbara Edmonds said on Friday she backed efforts to return the government's books to surplus, but said Labour would make different

New Zealand Labour says budget fails to address rising living costs
Australia|Business|Economy|Finance|World

KPMG Australia CEO and audit head quit over whistleblower investigation

Accounting firm KPMG Australia said on Friday its CEO and head of audit had resigned because of shortcomings in the handling of a

KPMG Australia CEO and audit head quit over whistleblower investigation
Business|Economy|Science|Technology|World

Humanoids dance and thread needles as Japanese robotics developers look to outdo Chinese

The Humanoids Summit Tokyo showcases advanced robotics, highlighting China's growing influence

Humanoids dance and thread needles as Japanese robotics developers look to outdo Chinese
Economy|MidEast|Political|US|World

Vance says US not there yet on Iran, but close

U.S.

Vance says US not there yet on Iran, but close
Business|Economy|Finance|Stock Markets|World

Core inflation in Tokyo stays below BOJ goal, factory output rebounds

Annual core inflation in Japan's capital stayed below the central bank's 2% target for a fourth straight month in May, data showed on Friday, as fuel and

Core inflation in Tokyo stays below BOJ goal, factory output rebounds
Business|Crime|Economy|Finance|Political|US|World

US judge tosses Trump administration's challenge to Boston's 'sanctuary' immigration law

A federal judge threw out a lawsuit that U.S.

US judge tosses Trump administration's challenge to Boston's 'sanctuary' immigration law
Business|Economy|Finance|MidEast|Political|Stock Markets|US|World

The Latest: Iran negotiators agree to extend ceasefire, begin nuclear talks pending Trump approval

U.S. and Iranian negotiators have reached a tentative agreement to extend the ceasefire by 60 days and start talks on Iran’s nuclear program

The Latest: Iran negotiators agree to extend ceasefire, begin nuclear talks pending Trump approval
Business|Economy|Finance|Stock Markets|Technology

Hedgeye launches ETF focusing on index inclusion candidates

Hedgeye Asset Management rolled out a new exchange-traded fund designed to profit from the forced buying on the part of index funds and

Hedgeye launches ETF focusing on index inclusion candidates
Business|Economy|Environment|Political|World

US Federal Trade Commission probes rising fertilizer prices

The U.S.

US Federal Trade Commission probes rising fertilizer prices
Business|Economy|Finance|World

RBNZ MPC member Gourley says rates likely to rise sooner rather than later

New Zealand interest rates are expected to rise "sooner rather than later", Reserve Bank of New Zealand Monetary Policy Committee member Hayley Gourley

RBNZ MPC member Gourley says rates likely to rise sooner rather than later
Business|Economy|Europe|World

UK business sentiment edges up in May, Lloyds says

British business sentiment edged up in May and is now close to its level before the Iran war, according to a monthly survey by Lloyds on Friday which contrasted with most

UK business sentiment edges up in May, Lloyds says
Business|Crime|Economy|Environment|Health

Chemical tank fatally implodes at a paper and packaging plant in Washington state

At least one person has died, nine people were injured and nine others remain unaccounted for after a large vat of chemical treatment product, including hazardous materials, imploded at a paper and packaging facility in Washington state, fire officials said.

Chemical tank fatally implodes at a paper and packaging plant in Washington state
Business|Economy|Environment|Health|Science|Technology|World

How a tank rupture disrupted life in a tight-knit Washington town that has lived with pulp mills for generations

How a tank rupture disrupted life in a tight-knit Washington town that has lived with pulp mills for generations

How a tank rupture disrupted life in a tight-knit Washington town that has lived with pulp mills for generations
Business|Economy|Sports

MLB owners propose a salary cap for the first time since baseball's 1994-95 strike

Major League Baseball owners made their long-expected salary cap proposal to the players’ association on Thursday, a system the union has vowed never to accept, setting the sides on course for a confrontation that threatens the 2027 season and perhaps beyond

MLB owners propose a salary cap for the first time since baseball's 1994-95 strike
Arts|Business|Economy|Entertainment

Caesars Entertainment, a Las Vegas Strip icon, is sold for nearly $6 billion

Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s

Caesars Entertainment, a Las Vegas Strip icon, is sold for nearly $6 billion
Business|Economy|Finance|Stock Markets|US

Costco gas stations draw more frugal Americans as prices bite

By Nicholas P.

Costco gas stations draw more frugal Americans as prices bite
Business|Economy|Entertainment|Fashion and Beauty|Finance|Stock Markets|US

Gap, American Eagle fail to reassure investors on apparel demand; shares fall

Gap cut its annual sales forecast on Thursday and American Eagle Outfitters kept its annual comparable sales view intact, failing to reassure investors as

Gap, American Eagle fail to reassure investors on apparel demand; shares fall
Business|Economy|Finance|Stock Markets|World

Trading Day: Stocks sizzle on ceasefire extension

The S&P 500 and Nasdaq forged new record highs on Thursday, and the dollar and Treasury yields fell after the U.S. and Iran agreed to extend

Trading Day: Stocks sizzle on ceasefire extension
Economy|Political|World

Iran, US reach deal to extend ceasefire, pending Trump's approval

The United States and Iran reached an agreement on Thursday to extend their ceasefire and lift restrictions on

Iran, US reach deal to extend ceasefire, pending Trump's approval
Business|Economy|Environment|Science|Technology|World

Cheniere signs $4.69 billion deal with Bechtel to expand LNG export capacity

Cheniere Energy Partners said on Thursday it signed a contract with Bechtel Corp for engineering, procurement and construction of the first phase of its Sabine Pass LNG expansion

Cheniere signs $4.69 billion deal with Bechtel to expand LNG export capacity
Americas|Business|Economy|Environment|Political|World

Cuba sees higher risk of US military aggression as talks stall

Cuba's Deputy Foreign Minister Josefina Vidal sees the risk of U.S. military aggression against the island growing as negotiations between the nations

Cuba sees higher risk of US military aggression as talks stall
Business|Economy|Finance|Stock Markets

Apollo's president sees continued withdrawals from US private credit funds for the wealthy

Apollo Global Management President Jim Zelter said on Thursday he expects wealthy individuals to keep trying to withdraw their money from some private

Apollo's president sees continued withdrawals from US private credit funds for the wealthy
Business|Economy|Finance|Science|Technology

Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports

Apollo Global Management and Blackstone are working to bring in additional investors for about $36 billion debt financing tied to AI startup Anthropic PBC's efforts to expand its AI

Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
Business|Economy|Finance|Stock Markets|Technology

Dell lifts forecasts as AI data center buildout fuels demand, shares soar

Dell boosted its annual revenue and profit expectations on Thursday, showing data center expansion by clients is fueling demand for its AI-optimized servers that

Dell lifts forecasts as AI data center buildout fuels demand, shares soar
Asia|Business|Economy|Political|World

North Korea not keen to engage with the US or South Korea, Singapore FM says

North Korea does not seem keen to engage with the United States, South Korea or Japan and is focused on building up its self-reliance and military deterrence,

North Korea not keen to engage with the US or South Korea, Singapore FM says
Business|Economy|Entertainment|Lifestyle|Technology

A quarter still buys a phone call in this small town

A quarter still buys a phone call in this small town

A quarter still buys a phone call in this small town
Business|Economy|Finance|Science|Stock Markets|Technology

Anthropic vaults to a $965 billion valuation with new funding as Claude demand surges

Artificial intelligence company Anthropic said Thursday it raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the 5-year-old research laboratory behind the Claude chatbot one of the world’s most valuable startups as it careens toward a likely Wall Street debut

Anthropic vaults to a $965 billion valuation with new funding as Claude demand surges
Business|Economy|Sports|Technology|World

NBA's board of governors passes anti-tanking changes to draft lottery

The NBA has approved sweeping changes to the draft lottery that will strip the teams with the worst records from receiving the best odds of winning the No. 1 pick

NBA's board of governors passes anti-tanking changes to draft lottery
Business|Economy|Education|Sports

Policy shaper Cody Campbell asks college sports leaders to give bipartisan fix-it bill a chance

An architect of the Senate bill that proposes to solve problems engulfing college sports says he heard the criticism right away, along with conversations of breakaway conferences, collective bargaining and ever-spiraling spending

Policy shaper Cody Campbell asks college sports leaders to give bipartisan fix-it bill a chance
Economy|Environment|Opinion|Political|World

Trump administration pledges $100M in aid for Cuba, but only if Catholic or other faith-based groups distribute it

The timing of the offer was thorny because it coincided with the US indictment of former Cuban President Raúl Castro.

Trump administration pledges $100M in aid for Cuba, but only if Catholic or other faith-based groups distribute it
Business|Economy|Political|World

US imposes fresh sanctions on Iran's military oil sales, Treasury says

The U.S. said on Thursday it has imposed new sanctions on Iran's military oil trade, even as Washington and Tehran reached a tentative agreement to extend their

US imposes fresh sanctions on Iran's military oil sales, Treasury says
Americas|Business|Economy|Finance|Political|US

New York state budget includes New York City tax on high-end second homes

New York State Governor Kathy Hochul on Thursday signed a state budget that includes a progressive surcharge on luxury second homes in New York City, a

New York state budget includes New York City tax on high-end second homes
Americas|Business|Economy|Political|World

Bolivian minister rules out president's resignation despite ongoing unrest

A Bolivian senior minister on Thursday ruled out any possibility of President Rodrigo Paz resigning and told

Bolivian minister rules out president's resignation despite ongoing unrest
Business|Economy|US

Bessent says he had breakfast with Fed's Warsh on Thursday

U.S. Treasury Secretary Scott Bessent said he had breakfast with new Federal Reserve chair Kevin Warsh on Thursday.

Bessent says he had breakfast with Fed's Warsh on Thursday
Business|Economy|Environment|Lifestyle

Kansas farmers face tough wheat season amid drought, rising costs

Kansas farmers face tough wheat season amid drought, rising costs

Kansas farmers face tough wheat season amid drought, rising costs
Business|Economy|Europe|Technology|World

Chinese online retailer Temu hit with $232 million fine over unsafe toys and electronics

European Union regulators have fined Chinese online retailer Temu for failing to protect consumers from illegal products

Chinese online retailer Temu hit with $232 million fine over unsafe toys and electronics
Business|Economy|Education|Science|Technology

AI is changing this job so fast the interview process can’t keep up

AI is changing this job so fast the interview process can’t keep up

AI is changing this job so fast the interview process can’t keep up
Business|Economy|Environment|Political|World

America’s pile of emergency oil is shrinking fast

America’s pile of emergency oil is shrinking fast

America’s pile of emergency oil is shrinking fast
Business|Economy|Political|US|World

Republicans' recent stumbles in Congress highlight the difficult road ahead for their agenda

Republicans' stumble on an immigration funding bill is raising questions about other parts of their legislative agenda

Republicans' recent stumbles in Congress highlight the difficult road ahead for their agenda
Business|Crime|Economy|Europe|World

Italy seizes gold, luxury villas and cash tied to Sicilian Mafia drug-trafficking gains

Italian authorities have seized over $232 million in assets linked to the late mafia boss Matteo Messina Denaro’s drug trafficking network

Italy seizes gold, luxury villas and cash tied to Sicilian Mafia drug-trafficking gains
Business|Economy|Europe|World

‘I made my own coffee’: BP chair hints cost-cutting push led to his ouster as he hits back at ‘lies’

‘I made my own coffee’: BP chair hints cost-cutting push led to his ouster as he hits back at ‘lies’

‘I made my own coffee’: BP chair hints cost-cutting push led to his ouster as he hits back at ‘lies’
Business|Economy|Health|Political

Americans are dropping out of Obamacare, especially in Kentucky

More Americans are dropping out or being kicked off Obamacare health insurance for non-payment than in past years, according to data

Americans are dropping out of Obamacare, especially in Kentucky
Business|Economy|Entertainment|Sports|Technology

Hospitality baron Fertitta expands leisure push with $18 billion Caesars buyout

Hospitality billionaire Tilman Fertitta's firm will buy Caesars Entertainment in a $17.6 billion deal, the companies said on Thursday, expanding his leisure

Hospitality baron Fertitta expands leisure push with $18 billion Caesars buyout
Asia|Business|Economy|Finance|World

Japan, Philippines to discuss information sharing pact to ease arms exports

Japan and the Philippines said on Thursday they would begin talks on an agreement to share classified information to allow Tokyo to step up transfers of military equipment to

Japan, Philippines to discuss information sharing pact to ease arms exports
Business|Economy|Science|Technology

IBM to invest $10 billion for large-scale quantum computer by 2029

IBM said on Thursday it plans to invest more than $10 billion in quantum computing over five years as it aims to build by 2029 the first large-scale quantum computer capable of

IBM to invest $10 billion for large-scale quantum computer by 2029
Business|Economy|Finance|Stock Markets|US

Dollar Tree raises annual profit forecast on steady demand, shares jump

Dollar Tree raised its annual profit forecast on Thursday, buoyed by resilient demand for affordable essentials from budget‑conscious consumers and efforts to

Dollar Tree raises annual profit forecast on steady demand, shares jump
Business|Economy|Finance|Political|World

Brazil's lower house approves Lula-backed proposal to cut work week

Brazil's lower house approved late on Wednesday a constitutional amendment reducing the workweek, a measure that President Luiz Inacio Lula da Silva hopes to use as a

Brazil's lower house approves Lula-backed proposal to cut work week
Business|Economy|Finance|Stock Markets|Technology|US|World

Best Buy forecasts upbeat sales as AI gadgets boost demand; shares rise

Best Buy on Thursday forecast second-quarter sales above Wall Street estimates after beating quarterly expectations on steady demand for AI-powered smartphones and

Best Buy forecasts upbeat sales as AI gadgets boost demand; shares rise
Business|Economy|Education|Election|Finance|Political|World

Uribe's protege Valencia seeks to become Colombia’s first female president

Right-wing Colombian lawyer and senator Paloma Valencia is running to become her country's first female president in a Sunday presidential contest,

Uribe's protege Valencia seeks to become Colombia’s first female president
Business|Economy|Finance|Science|Technology

Private equity firm EQT partners with Google Cloud for AI rollout

EQT has partnered with Alphabet's

Private equity firm EQT partners with Google Cloud for AI rollout
Economy|Education|Finance|Political|World

Leftist Colombia presidential candidate Cepeda pledges to step up economic, social reforms

Leftist Colombian activist and Senator Ivan Cepeda, whose youth was marked by exile and his father's murder at the hands of right-wing paramilitaries, is

Leftist Colombia presidential candidate Cepeda pledges to step up economic, social reforms
Business|Economy|Health|Science|Technology

CVS brings back coverage for Lilly's obesity drug Zepbound

CVS Health will restore Eli Lilly's weight-loss injection Zepbound to its list of covered drugs and add the drugmaker's newly approved obesity pill, Foundayo, it

CVS brings back coverage for Lilly's obesity drug Zepbound
Business|Economy|Finance|Travel

Costlier flights, hotels divide US summer travel into haves and have-nots

Rising airfares and hotel rates are making budget-conscious Americans delay or cancel summer trips while wealthy travelers are holding fast to

Costlier flights, hotels divide US summer travel into haves and have-nots
Business|Economy|Finance|Stock Markets|World

Three months, and counting

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets It’s now a full three months into the Iran war, and the United States

Three months, and counting
Business|Economy|Finance|Stock Markets|World

Inflation challenges US Treasuries' traditional role in portfolios

A selloff in government bonds is testing one of the most basic assumptions in markets: that Treasuries and other high-quality debt will cushion portfolios when

Inflation challenges US Treasuries' traditional role in portfolios
Business|Economy|World

US, Mexico launch formal trade talks, haggle over automotive content rules

U.S. and Mexican negotiators began formal talks to revamp the North American trade deal on Thursday, with Washington demanding stricter

US, Mexico launch formal trade talks, haggle over automotive content rules
Asia|Business|Economy|World

More than half of Asia-Pacific's rich worry about recession, Lombard Odier says

More than half of wealthy individuals in Asia-Pacific consider an economic recession their biggest worry over the next three years, a survey by Lombard Odier found, and

More than half of Asia-Pacific's rich worry about recession, Lombard Odier says
Business|Economy|Europe|World

No Chinese subsidies involved in Ceconomy deal, JD.com says

JD.com's acquisition of German retailer Ceconomy will not be financed by Chinese subsidies, the Chinese online retailer said on Thursday after EU antitrust regulators

No Chinese subsidies involved in Ceconomy deal, JD.com says
Business|Economy|Food

Hormel Foods tops quarterly estimates on strong demand for protein-rich foods   

Skippy peanut butter maker Hormel Foods beat second-quarter sales and profit estimates on Thursday, helped by strong demand for its chicken and turkey products. 

Hormel Foods tops quarterly estimates on strong demand for protein-rich foods   
Business|Economy|Europe|Health|World

France becomes first EU country to reimburse anti-obesity drugs, minister says

France will reimburse the cost of weight-loss drugs prescribed to severely obese patients from mid-June in a first for a European Union

France becomes first EU country to reimburse anti-obesity drugs, minister says
Business|Economy|Europe|Technology|World

JD.com's Ceconomy deal involves Chinese subsidies, EU regulators warn

Chinese e-commerce giant JD.com's $2.5 billion bid for German electronics retailer Ceconomy may involve Chinese subsidies, European Union competition

JD.com's Ceconomy deal involves Chinese subsidies, EU regulators warn
Business|Economy|Technology|World

IBM commits $5 billion to secure open-source software

IBM said on Thursday it has committed $5 billion to an initiative that will deploy engineers and AI tools to help companies better secure open source software.

IBM commits $5 billion to secure open-source software
Economy|Political|World

Ethiopian leader Abiy's party set to dominate elections despite insecurity

Ethiopians will vote in parliamentary and regional elections on Monday that Prime Minister Abiy Ahmed’s party is expected to dominate despite significant unrest across much

Ethiopian leader Abiy's party set to dominate elections despite insecurity
Business|Economy|Environment|Europe|World

EU says jet fuel market to get tighter if Hormuz situation does not improve

The market for jet fuel in the European Union could get tighter if the situation in the Strait of Hormuz does not improve within weeks, said the European Commission on

EU says jet fuel market to get tighter if Hormuz situation does not improve
Business|Economy|Finance|Stock Markets|US

Key inflation gauge worsens as Americans' income and spending power erodes

A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances

Key inflation gauge worsens as Americans' income and spending power erodes
Business|Economy|Finance|Stock Markets|US|World

Inflation is at a three-year high — and now many Americans are burning through their savings

Inflation is at a three-year high — and now many Americans are burning through their savings

Inflation is at a three-year high — and now many Americans are burning through their savings
Economy|World

US jobless claims rise to 215,000 but layoffs remain low despite Iran war uncertainty

More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war

US jobless claims rise to 215,000 but layoffs remain low despite Iran war uncertainty
Business|Economy|Political|World

Carney seeks new US-Canada partnership as world undergoes 'rupture'

By Michael S.

Carney seeks new US-Canada partnership as world undergoes 'rupture'
Business|Economy|Finance

Fed Chair Warsh's preferred inflation measure is cooling. A big pinch of salt is advised

One of new Federal Reserve Chairman Kevin Warsh's favorite inflation measures came in cool again on Thursday, offering evidence for his belief that inflation is

Fed Chair Warsh's preferred inflation measure is cooling. A big pinch of salt is advised
Economy|Political|World

India's Gen Z ‘Cockroach’ party channels youth anger but faces offline hurdles

The largest online expression of dissent against Indian Prime Minister Narendra Modi’s 12-year rule began with a satirical riposte to

India's Gen Z ‘Cockroach’ party channels youth anger but faces offline hurdles
Business|Economy|Entertainment|Sports|Travel

Metro Atlanta short-term rental hosts hopeful for Men's World Cup boom to bookings

Metro Atlanta short-term rental hosts hopeful for Men's World Cup boom to bookings

Metro Atlanta short-term rental hosts hopeful for Men's World Cup boom to bookings
Business|Economy|Finance|US|World

US first-quarter GDP growth revised lower to 1.6% pace

U.S. economic growth was not a strong as initially thought in the first quarter, and momentum is set to slow this quarter, with the war with Iran stoking inflation and

US first-quarter GDP growth revised lower to 1.6% pace
Business|Economy|Finance|World

Brazil economic growth expected to have picked up in Q1 on stronger manufacturing

Brazil's economy is expected to have grown faster in the first quarter against the last three months of 2025 aided by stronger manufacturing activity,

Brazil economic growth expected to have picked up in Q1 on stronger manufacturing
Business|Economy|Finance|Stock Markets|World

Wall Street ends higher, Brent crude eases on reports of US-Iran truce extension

U.S. stocks advanced on Thursday and European shares pared their losses following reports that the United States and Iran have reached an agreement to

Wall Street ends higher, Brent crude eases on reports of US-Iran truce extension
Business|Economy|Finance|Stock Markets|Technology|US|World

US core capital goods orders fall in April

New orders for key U.S.-manufactured capital goods unexpectedly fell in April after hefty gains in the prior months, but demand remains underpinned by an artificial

US core capital goods orders fall in April
Business|Economy|Finance|Stock Markets|US|World

Fed's Williams: Productivity shifts hard to spot in real time

Federal Reserve Bank of New York President John Williams said Thursday it’s hard to spot fundamental shifts in the level of productivity as they are happening.

Fed's Williams: Productivity shifts hard to spot in real time
Economy|Europe|World

Poland to finalise $27 billion in military deals under EU SAFE by end-May, PM says

Poland will sign agreements by the end of May to finance military equipment worth 100 billion zlotys ($27.41 billion) under the European Union's SAFE program worth 43.7

Poland to finalise $27 billion in military deals under EU SAFE by end-May, PM says
Business|Economy|Environment|Finance|Food

Tyson Foods taps board member to succeed veteran King as CEO

U.S. meatpacker Tyson Foods said on Thursday that board member and former Procter & Gamble executive Jeff Schomburger will take over as CEO from

Tyson Foods taps board member to succeed veteran King as CEO
Business|Economy|Finance|World

Key US inflation measure posts largest annual increase in three years

U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war and cementing economists'

Key US inflation measure posts largest annual increase in three years
Business|Economy|Finance|Science|Stock Markets|Technology

Nebius shares hit two-week high as former OpenAI employee's fund buys stake

Nebius Group's shares climbed 9% on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.

Nebius shares hit two-week high as former OpenAI employee's fund buys stake
Business|Economy|Finance|US|World

US weekly jobless claims increase marginally amid low layoffs

The number of Americans filing claims for unemployment benefits increased marginally last week amid relatively low layoffs, despite the dragging war with Iran.

US weekly jobless claims increase marginally amid low layoffs
Business|Economy|Finance|Science|Stock Markets|Technology

From biotech to orbit: Rocket One's AI and space rebrand sends shares flying

Shares of biotech-turned-AI company Rocket One jumped almost 40% on Thursday as the company rebranded to capitalize on hot investment themes, a strategy many

From biotech to orbit: Rocket One's AI and space rebrand sends shares flying
Economy|Europe|Political|World

Bulgaria aims to raise defence spending to 5% of GDP, PM Radev says

Bulgaria is keen to respect its commitment to NATO and increase its defence spending to 5% of its gross domestic product, Prime Minister Rumen Radev said on Thursday.

Bulgaria aims to raise defence spending to 5% of GDP, PM Radev says
Business|Economy|Finance|Political|Technology

US Treasury rolls out Trump Accounts app nationwide

The U.S.

US Treasury rolls out Trump Accounts app nationwide
Asia|Business|Economy|Europe|Finance|Political|Stock Markets|World

Russia says US missiles in Japan for drills would threaten Russia

Russia's foreign ministry said on Thursday that allowing U.S. missile systems to be deployed on Japanese territory as part of military drills would threaten the security of

Russia says US missiles in Japan for drills would threaten Russia
Economy|Europe|Finance|World

ECB's hold decision in April was close call for some, accounts show

The European Central Bank's decision to keep rates unchanged in April was a close call for some policymakers as persistently high inflation made it increasingly hard to

ECB's hold decision in April was close call for some, accounts show
Africa|Arts|Asia|Business|Economy|Environment|Europe|MidEast|World

Baton Rouge to Melbourne: Iran war and rising prices upend jet fuel trade

From Antwerp to the Seychelles, Baton Rouge to Melbourne, or New York to Namibia, the closure of the Strait of Hormuz has upended

Baton Rouge to Melbourne: Iran war and rising prices upend jet fuel trade
Business|Economy|Political|US|World

Pakistan Foreign Minister Dar to visit Washington on Friday, meet Rubio

Pakistani Foreign Minister Ishaq Dar will visit Washington on Friday where he will meet with U.S.

Pakistan Foreign Minister Dar to visit Washington on Friday, meet Rubio
Business|Economy|Environment|Finance|Science|Technology|World

It’s not just high gas prices – inflation is now spreading through the US economy

A key challenge for the Federal Reserve is that higher gas prices are inflationary, but they also reduce households’ spending power and dampen growth.

It’s not just high gas prices – inflation is now spreading through the US economy
Business|Economy|Political|Technology|US

US regulator tries to withdraw penalty against Trump donors’ crypto company

US regulator tries to withdraw penalty against Trump donors’ crypto company

US regulator tries to withdraw penalty against Trump donors’ crypto company
Business|Economy|Environment|Technology|World

Xpeng projects quarterly revenue below estimates on weak EV demand

Electric vehicle maker Xpeng on Thursday forecast second-quarter revenue below market expectations, underscoring a prolonged slowdown in demand and stiff competition in the Chinese

Xpeng projects quarterly revenue below estimates on weak EV demand
Business|Economy|Environment|Finance|Stock Markets|US|World

Federal regulator pauses review of Union Pacific, Norfolk Southern's $85 billion merger

The U.S.

Federal regulator pauses review of Union Pacific, Norfolk Southern's $85 billion merger
Business|Economy|World

US warns Oman not to engage in facilitating tolls for Strait of Hormuz

The United States warned Oman on Thursday not to get directly or indirectly involved in any effort to impose a toll in the Strait of Hormuz, saying it will penalize any

US warns Oman not to engage in facilitating tolls for Strait of Hormuz
Business|Economy|Science|Technology

Groq raising up to $650 million from existing investors, source says

Groq is raising up to $650 million from existing investors, a source familiar with the matter told Reuters on Thursday, after the AI chip startup signed a $17 billion licensing deal

Groq raising up to $650 million from existing investors, source says
Business|Economy|Political|World

US removing 76 names from sanctions blacklist in move meant to strengthen program

The U.S.

US removing 76 names from sanctions blacklist in move meant to strengthen program
Economy|Europe|Political|World

Latvia parliament approves new government after drone dispute topples coalition

NATO and EU member Latvia's parliament on Thursday approved the formation of a new government, making centre-right opposition lawmaker

Latvia parliament approves new government after drone dispute topples coalition
Business|Economy|World

Wall Street pushes to more records as profits keep piling up for US companies

U.S. stocks pushed to more records as profits keep piling up for companies like Dollar Tree, Snowflake and Hormel Foods

Wall Street pushes to more records as profits keep piling up for US companies
Business|Economy|Finance|Political|World

Brazil's central bank will not let higher inflation expectations take hold, says director

Brazil's central bank will not allow higher inflation expectations to translate into actual inflation, monetary policy director Nilton David said on

Brazil's central bank will not let higher inflation expectations take hold, says director
Business|Economy|Finance|World

US new home sales slump in April amid higher mortgage rates, prices

Sales of new U.S. single-family homes fell in April as the boost from better weather faded and mortgage rates remained elevated.

US new home sales slump in April amid higher mortgage rates, prices
Business|Economy|Finance|Technology

Fed's Musalem says it's risky to bet that AI will ease inflation

St.

Fed's Musalem says it's risky to bet that AI will ease inflation
Business|Economy|World

Fed's Williams reiterates rate policy is in right place given outlook

By Michael S.

Fed's Williams reiterates rate policy is in right place given outlook
Business|Economy|Finance|World

Sri Lanka monetary stance appropriate, 3% growth target within reach, IMF says

Sri Lanka's monetary stance is broadly appropriate, and the country still has strong potential to reach the International Monetary Fund's 3% growth

Sri Lanka monetary stance appropriate, 3% growth target within reach, IMF says
Business|Economy|Finance

FULL TEXT-Bank of Canada says financial system has functioned well

The Bank of Canada released the following statement by senior deputy governor Carolyn Rogers and deputy governor Toni Gravelle on Thursday: "Good morning.

FULL TEXT-Bank of Canada says financial system has functioned well
Economy|Finance|Political|Stock Markets|World

Bank of Canada says financial system is solid, but vulnerabilities have grown

The Canadian financial system is in good shape but vulnerabilities are growing amid a highly volatile economic and geopolitical

Bank of Canada says financial system is solid, but vulnerabilities have grown
Business|Economy|Environment|Political|World

UN chief eyes leadership cuts as part of reform push

The United Nations aims to reduce and abolish senior leadership positions over the next two years as part of its reforms, its Secretary-General said on

UN chief eyes leadership cuts as part of reform push
Business|Economy|Europe|Science|Technology

Anthropic to boost hiring in Europe after opening Milan office

Anthropic will continue expanding in Europe after opening its sixth office on the continent in Milan on Thursday, Chris Ciauri, managing director for international at the U.S

Anthropic to boost hiring in Europe after opening Milan office
Business|Economy|Finance|Stock Markets|US|World

Inflation rises but isn't hotter than expected while GDP slips

Estimated U.S. economic growth for the first quarter was revised lower on Thursday and a closely watched measure of price pressures came in largely in line with

Inflation rises but isn't hotter than expected while GDP slips
Business|Economy|Finance|MidEast|Political|Stock Markets|World

Wall St muted as investors asses inflation data, Mideast peace prospects

Wall Street's main indexes opened flat on Thursday as investors processed key inflation data, while intensifying tensions between the U.S. and Iran kept optimism surrounding a peace

Wall St muted as investors asses inflation data, Mideast peace prospects
Americas|Business|Crime|Economy|Political|US|World

Trump review that could shutter Mexican consulates stokes worries

The Trump administration's review of Mexico's 53 U.S. consulates has stoked worries among Mexicans in the U.S. that some could be shuttered, making it harder for them to access important services

Trump review that could shutter Mexican consulates stokes worries
Arts|Business|Economy|Entertainment|Lifestyle|Technology

‘It’s insulting’: Ferrari fans have given their verdict on its first electric car, and it’s not good

‘It’s insulting’: Ferrari fans have given their verdict on its first electric car, and it’s not good

‘It’s insulting’: Ferrari fans have given their verdict on its first electric car, and it’s not good
Business|Crime|Economy|Education|Entertainment|Environment|Finance|Lifestyle|Political|US

SDPOA demands immediate action on patrol staffing shortages after deadly Islamic Center attack

SDPOA demands immediate action on patrol staffing shortages after deadly Islamic Center attack

SDPOA demands immediate action on patrol staffing shortages after deadly Islamic Center attack
Business|Crime|Economy|Entertainment|Environment|Lifestyle

Mother struggles after inflatable display damages car during windstorm

Mother struggles after inflatable display damages car during windstorm

Mother struggles after inflatable display damages car during windstorm
Business|Economy|Environment|Technology

Protesters confront Box Elder County commissioners who approved Stratos Project data center

Protesters confront Box Elder County commissioners who approved Stratos Project data center

Protesters confront Box Elder County commissioners who approved Stratos Project data center
Business|Crime|Economy|Technology|World

Google employee charged with using confidential search data to make $1.2 million on Polymarket

U.S. prosecutors slapped insider trading charges against a Google employee this week, alleging the software engineer used confidential company information to pocket more than $1.2 million on prediction market platform Polymarket

Google employee charged with using confidential search data to make $1.2 million on Polymarket
Business|Economy|Finance|Technology|US

Germany's DHL hires US Postal Service for last-mile US parcel deliveries

The U.S.

Germany's DHL hires US Postal Service for last-mile US parcel deliveries
Business|Economy|Finance|Stock Markets

Fed policymakers eye rate hike scenarios as AI debate deepens

A growing number of U.S. central bankers say there may be a case for raising interest rates if inflation does not ease soon, even as they express skepticism over the

Fed policymakers eye rate hike scenarios as AI debate deepens
Business|Economy|Environment|Science|Technology|World

Energy use forcing rethink of AI chip design, TSMC says

A senior TSMC executive said on Thursday that surging electricity demands from AI are making energy efficiency rather than computing power the main

Energy use forcing rethink of AI chip design, TSMC says
Business|Economy|Finance|Science|Technology

Microsoft to release new coding model next week, the Information reports

Microsoft will unveil a suite of new homegrown AI models next week at its annual "Build" conference for developers in San Francisco, including a coding model to boost the usage of

Microsoft to release new coding model next week, the Information reports