Economy

“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

When it comes to birthright citizenship, the Trump administration hasn’t been subtle about its views

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’

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

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.

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.

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

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.

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 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

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.

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

KKR said on Thursday it had generated more than $900 million in income from monetization activity in the second quarter through June 24, signaling acceleration in private equity

Partners Group considers 'slightly smaller' evergreen funds, chairman says

Swiss asset manager Partners Group may slightly reduce the size of its evergreen funds in future while sticking to its overall strategy, Chairman Steffen Meister was quoted

Investors bet on AI again after Micron reports 346% sales jump

Investors bet on AI again after Micron reports 346% sales jump

AI is plowing through the workplace. This new group wants to help people adapt and have jobs

A new bipartisan nonprofit wants to help Americans who find they're out of work because of AI

Bank of England policymakers worry about shift from collective forecast

The Bank of England's shift in communications to focus on multiple scenarios and individual Monetary Policy Committee members' opinions risks discouraging

European shares hit record close with healthcare stocks leading broader rally

European shares notched up a record high close on Thursday, with healthcare stocks leading the way while a resurgent AI rally

Iraq warns it might leave OPEC if oil quota not raised, sources say

Iraq has considered leaving OPEC if the oil producer group does not allow Baghdad to significantly increase oil production, sources

Heatwave-hit London climate week spurs calls for faster action

London got a glimpse of the future normal during its eighth annual climate week after an event dedicated to discussing the

Dubai enlists businesses to help secure hub status after Iran war shock

Days after Iran began striking targets across the United Arab Emirates in March, Dubai's top officials gathered hundreds of business leaders to discuss how the Gulf tourism

Taiwan simulates countering a Chinese maritime blockade in tabletop drill

Taiwanese officials on Thursday simulated countering a Chinese maritime blockade with a tabletop exercise, using a scenario in which China demands any shipping to the

US bond market expects rate hikes the Fed may never deliver

The U.S.

France's rising debt burden threatens market confidence, audit office says

France is suffocating under the weight of its fast‑growing public debt burden, leaving the country vulnerable to market sentiment, the public audit office said on Thursday,

US prices for new drugs fell in 2025 as fewer costly gene therapies were launched

Launch prices for prescription medicines approved by U.S. regulators in 2025 fell from the previous year, but remained high at a median of $216,000 due to

UK retail downturn deepened in June, CBI survey shows

British retail sales slid further this month, with sales far below the norm expected for this time of year, according to a survey on Thursday that added to signs of a slowdown

China's carmakers rush to Canada as a ‘practice run’ for US sales

By Nick Carey and Divya Rajagopal WUHU, China/TORONTO, June 25 - Just two weeks after Canadian Prime Minister Mark Carney announced in January he would allow limited electric-vehicle imports from

Luxury market shows early signs of recovery in Q2 despite Middle East war, Bain says

The global personal luxury goods market is showing signs of a recovery in the second quarter, despite the war in the Middle

Trump, Republican senator engage in shouting match over Iran war

The U.S.

EU governments adopt legislation to fulfil EU side of US trade deal

European Union governments adopted on Thursday legislation to remove import duties on many U.S. goods, fulfilling the EU's side of a trade deal struck with U.S.

Spain's industrial prices rise at fastest pace in more than three years

June 25 - Spanish industrial prices rose in May at their fastest pace since December 2022, fuelled by a considerable increase in energy prices, the National Statistics Institute (INE) said on Thursday

Trump describes UK's expected next PM as 'extremely liberal'

U.S.

Swiss president to visit U.S. amid push for trade deal

Swiss President Guy Parmelin will visit the United States and meet with U.S.

UK's Reeves says Burnham would provide stability as prime minister

British finance minister Rachel Reeves said on Thursday she was backing Andy Burnham to be the next prime minister, adding that he would

Strikes, soaring costs and M&A await BHP's new CEO Craig

Newly minted BHP CEO Brandon Craig faces a crowded in-tray as he takes mining's top job on July 1, from threatened iron ore

Bears loosen grip on rupiah, rupee on lower oil prices, policy support: Reuters poll

Short bets on the Indonesian rupiah and the Indian rupee retreated from multi-month peaks, a Reuters poll showed on Thursday, as normalising oil prices and

German home prices rise but pace slows

German home prices rose modestly in the first quarter of 2026, marking the sixth consecutive quarterly gain as the property sector in Europe's largest economy seeks

ECB's Schnabel sees more tightening even after Iran ceasefire

The European Central Bank will need to keep raising interest rates as energy prices remain high and a ceasefire in the Middle East is no reason for policymakers to let

Micron puts chips back on the table

A look at the day ahead in European and global markets from Ankur Banerjee High-stakes earnings from Micron more than delivered by outlining strong demand for its memory chips and that was enough to

US says China trying to discourage states, businesses from engaging with Taiwan

China has been contacting U.S. states and private firms to discourage engagement with Taiwan and mischaracterising U.S. policy, but links with Taiwan should be expanded,

Cal-Maine, others close to settling DOJ egg pricing probe, Bloomberg News reports

Cal-Maine Foods and other egg suppliers are close to resolving an investigation by the U.S.

German consumer sentiment stabilises heading into July, survey finds

German consumer sentiment stabilised heading into ​July, as households' income expectations improved, a survey found on Thursday.

Vietnam urges consumers to save power as heatwave drives record demand

Vietnam's state utility EVN called on firms and households to conserve energy on Thursday to ease the strains on the country's power grid, with intense heat driving

Brazil plans largest panda bond debut to 'test' waters

Brazil plans to raise up to 5 billion yuan ($735 million) with its first-ever issuance of panda bonds, Finance Minister Dario Durigan told Reuters on Thursday,

Aerospace parts maker Doncasters raises $919.3 million in US IPO

Doncasters said on Wednesday it had raised $919.3 million in its U.S. initial public offering, as the nearly 250-year-old aerospace parts maker heads for its New York debut after a

Japan's government blueprint nudges BOJ to fuel demand, clouding rates path

Japan's government will call for monetary policy that bolsters private demand, a draft of its long-term economic blueprint reviewed by

Malaysia's foreign minister says new Myanmar leadership 'more open' to suggestions

Myanmar's newly appointed government appeared "more open" to suggestions compared to the previous regime, Malaysia's foreign minister Mohamad Hasan said on Thursday,

Senate Republicans reject war powers resolution after Trump berates them at Capitol meeting

Senate Republicans who were berated by President Donald Trump over opposition to his war in Iran have reversed course, holding a late-night vote to try to appease him

New polls show Americans’ complicated feelings about the country, 250 years on

New polls show Americans’ complicated feelings about the country, 250 years on

Australian job vacancies fall 2.1% in May quarter

Job vacancies in Australia fell in the May quarter for the first decline since the middle of 2025, data showed on Thursday, with the largest drops in the finance,

Hawkish BOJ policymaker calls for rate hike once every few months

The Bank of Japan should raise interest rates once every few months and stand ready to speed up the pace of hikes, hawkish board member Naoki Tamura

Fortescue becomes latest Australian miner to face sexual harassment class action suit

Australia's Fortescue, the world's fourth-largest iron ore miner, was hit on Thursday with a class action lawsuit alleging the widespread sexual

Australia May household spending climbs 1.3%, reversing April drop

Australian household spending rebounded in May as travel returned to normal after a war-induced drop in April, data showed on Thursday, suggesting consumer demand was

Trump’s Capitol visit devolves into shouting match with GOP senator he helped oust in primary fight

Trump’s Capitol visit devolves into shouting match with GOP senator he helped oust in primary fight

Trump turns America 250 kickoff into a campaign-style rally on the National Mall

President Donald Trump sees America’s 250th anniversary as a chance to get the country excited again — about himself

US Congress welcomes Taiwan's parliamentary leader to Washington, affirms support for the island

U.S. House members have pledged strong support for Taiwan and welcomed Han Kuo-yu, president of Taiwan's Legislative Yuan, to Washington

NY Fed official plays down FOMC directive on asset buying

(Corrects headline and rewrites paragraph 2 and paragraph 5 (previously paragraph 4) to reflect NY Fed official was referencing the FOMC's implementation note, not its policy statement.

China's 'future industries' push triggers flood of venture capital, bubble concerns

Just two days after SpaceX made its historic market debut, a Chinese space startup held an investor roadshow for its

Ukraine to conduct preemptive attacks on facilities Russia uses for war, Zelenskiy says

Ukraine will carry out preemptive attacks on facilities Russia is using for its war, President Volodymyr Zelenskiy said in his evening address on Wednesday, as Kyiv expands strikes

Australia employment rebounds in May, jury still out on another rate hike

Australian employment rebounded in May while the jobless rate ticked lower as expected, data showed on Thursday, a sign of resilience that could support a

How one Indian textile worker copes with extreme heat in factory work and cramped living quarters

One of the groups worst affected by India’s climate-driven extreme summer heat is migrant, blue collar workers whose jobs require them to work in hot factory floors, often for hours without a break

The Latest: Crowd gathers on the National Mall to hear Trump rally for America 250 kickoff

President Donald Trump is on Washington’s National Mall on Wednesday for a campaign-style rally that he hopes gets Americans excited about his presidency and the nation's 250th anniversary celebrations

Nasdaq, S&P end lower as tech stocks fall

The Nasdaq and S&P 500 closed lower on Wednesday, dragged by tech stocks on nagging concerns about high-flying valuations, but

Saudi PIF seeks EU subsidy approval for $55 billion EA deal, decision by July 30

A group of investors including Saudi Arabia's Public Investment Fund has sought EU subsidy approval for its $55 billion acquisition of videogame developer Electronic Arts

Brazil plans to expand support for micro-entrepreneurs

Brazil's government will announce measures to improve support for gig workers and small businesses in the coming days, including proposals to raise the income ceiling for

Trump seeks more than $1.4 billion in Ebola funding from Congress

The White House is seeking more than $1.4 billion in new funds from Congress to address the widening Ebola virus outbreak,

GM adds $675 million to Brazil investment plan

General Motors announced on Wednesday it would invest an extra 3.5 billion reais ($674.88 million) in Brazil, expanding its commitment to the country's auto industry by

Trump asks Congress for more funds to fight Iran, defying rebuke on war powers

President Donald Trump's administration asked the U.S.

Brazil's Braskem to file protective injunction against creditors on Wednesday, Valor reports

Brazil's petrochemical firm Braskem is expected to file a protective injunction against its creditors' claims on Wednesday, local newspaper Valor Economico reported,

Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally

Shares of chipmakers surged late on Wednesday, adding over $400 billion in market value after strong forecasts from Micron Technology and Qualcomm breathed fresh

White House seeks $87.6B from Congress for Iran war costs, US farmers and Ebola response

The White House has formally requested $87.6 billion, mostly to replenish the Pentagon after the U.S. war against Iran, submitting the request to Congress at a politically difficult time, as a majority of lawmakers have objected to any further military action

Lawmakers demand answers as turmoil over Reflecting Pool repair continues

Congressional Democrats are calling for investigations into renovations at the Lincoln Memorial Reflecting Pool, as the ongoing drama over the president’s problem-plagued, $16 million rehabilitation project continues to roil the capital

Lithium producers bet on battery storage as demand shifts beyond EVs

The lithium industry is growing more optimistic about a market recovery as booming demand for battery storage systems helps offset a slowdown in some

Former Tricolor COO pleads guilty to fraud linked to bankrupt auto lender's collapse

The former chief operating officer at Tricolor Holdings pleaded guilty on Wednesday to fraud and conspiracy charges in connection with the now-

Vance says review underway to see how Turkey can get F-35 fighter jets

U.S.

Trading Day: Tech jitters smother inflation relief

U.S. bond yields tumbled on Wednesday as oil's slide to a four-month low eased inflation fears, although the relief wasn't felt as much in

Billionaire Rennert-controlled company settles Peru lead poisoning case for $150 million

A business controlled by the American billionaire Ira Rennert reached a $150 million settlement in the United States with 1,373 Peruvians who claimed they were

Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar

Qualcomm said it expects to generate $15 billion in sales from its data center business by 2029 as it moves beyond its core smartphone chips,

Trump asks Congress for $1 billion to boost pensions of former GM parts company workers

The White House asked Congress on Wednesday for $1 billion to boost the pensions of workers at former General Motors auto parts unit Delphi that

Comcast-owned Sky reaches terms to buy ITV's broadcast unit, sources say

Sky, the Comcast-owned British pay TV group, has agreed on terms to buy ITV's broadcast and streaming unit, two people familiar with the

Trump seeks additional $11 billion in farm aid

U.S.

Trump White House asks Congress to approve year-round E15 gasoline sales

President Donald Trump's White House asked Congress on Wednesday to pass a law allowing year-round sales of gasoline containing higher volumes of ethanol,

Mexico's Banorte raises $1.35 billion in hybrid debt sale

Mexican lender Banorte said Wednesday it raised $1.35 billion in international markets through the sale of hybrid debt, in a deal that underscores investor appetite

Micron tops estimates, touts $22 billion in customer deals for memory chips

Micron forecast quarterly profit and revenue well above expectations on Wednesday and said its customers had committed $22 billion to lock in

Trump meets munitions makers amid push to replenish weapons stockpiles

U.S.

Volkswagen to sell diesel engine unit to Bain in deal generating €7.4 billion

Volkswagen has agreed to sell its diesel engine unit Everllence to Bain Capital in a deal generating proceeds of about €7.4 billion ($8.4 billion

Senior US General in Europe set to retire amid Hegseth’s review of US support for NATO allies

Senior US General in Europe set to retire amid Hegseth’s review of US support for NATO allies

Chile's Codelco to consider asset sales, partnerships in investment review

Chile's state-owned Codelco, one of the world's largest copper producers, will consider asset sales and partnerships as part of a broader

Trump refuses to sign bipartisan housing bill into law. What does that mean for homebuyers, renters?

A sprawling legislative package aimed at lowering the cost of housing and spurring more home construction won broad bipartisan approval from Congress this week, but it’s hit a major roadblock in becoming law

Agility Robotics heads to Wall Street in a $2.5B bet on staffing warehouses with humanoids

Agility Robotics, a maker of humanlike robots, is planning to go public on Wall Street

All 32 of the nation's biggest banks clear the Fed's annual 'stress test'

The Federal Reserve says that all 32 of the nation's biggest banks have passed its annual stress test

Oil curve points to near-term glut as Hormuz flows rise

A short-term glut has pushed oil futures back to pre-war levels as Middle East exports jump, analysts

Stocks edge lower as dollar rises to one-year high

Stocks fell on Wednesday, erasing early Wall Street gains and leaving European shares little changed, as valuation worries continued to weigh on

Fed says large US banks well-positioned to weather hypothetical downturn, several raise dividends

The U.S.

US stocks end mixed, weighed down by more losses for tech giants

Stocks wavered to a mixed close on Wall Street as losses for several tech giants including Microsoft weighed on the market

Jefferies quarterly profit misses estimates as asset management weighs

Jefferies Financial missed second-quarter profit estimates on Wednesday as weakness in asset management overshadowed gains from robust

AI is helping gas stations collude to raise California fuel prices, lawsuit says

A federal lawsuit accuses gas station operators in California of using AI-powered software to illegally collude and raise prices

US slaps new sanctions on Cuban companies key to island's crumbling economy

The U.S. government has slapped additional sanctions on Cuban companies that are expected to spook foreign investors and deepen a severe economic crisis

Lawyers for Indian billionaire Adani urge US judge to dismiss criminal case

Lawyers for Gautam Adani on Wednesday urged a U.S. judge to formally dismiss criminal charges against the Indian billionaire, after the Justice Department

Renault plans 800 job cuts in engineering in France

French automaker Renault Group is planning to cut 800 engineering jobs in France by the end of 2027 in a bid to make its organisation leaner to better compete with Chinese

China's foreign minister urges swift reopening of Strait of Hormuz for global trade, Xinhua reports

Chinese Foreign Minister Wang Yi called for the early restoration of normal navigation through the Strait of Hormuz to help ensure the stability of global industrial and supply

US homebuilders advance after Congress passes affordable housing bill

Stocks of U.S. homebuilders rallied on Wednesday, a day after the House of Representatives passed a bill aimed at speeding the construction

US air fares rose 4.7% in early 2026 as oil prices spiked

Average U.S. domestic air fares rose 4.7% in the first three months of 2026 to $428 as oil prices soared in March due to the U.S.-Israeli war on Iran, the U.S.

US to move forward with Turkey jet engine sales ahead of NATO summit, sources say

President Donald Trump's administration is planning to push ahead with the sale of dozens of jet engines to Turkey worth hundreds of

Economists see El Niño lifting Brazil inflation, central bank survey shows

Economists in Brazil expect the El Niño weather pattern will have a significant impact on inflation this year and next, not all of which has been

House Democrats’ anxiety rises after wins by Mamdani-backed candidates: ‘Are we going to let them take over the party?’

House Democrats’ anxiety rises after wins by Mamdani-backed candidates: ‘Are we going to let them take over the party?’

Michigan Senate candidate accuses Trump of keeping Canada-US bridge closed to help donor

Mallory McMorrow is trying to turn the delayed opening of the Gordie Howe International Bridge into a campaign issue in Michigan’s Senate race

Colombia's vote may reshape the Amazon's future as political winds shift across Latin America

Abelardo de la Espriella, set to be Colombia’s president, has intensified debate over the future of the Amazon

Phillips 66 CEO warns of refining, petrochemical earnings volatility from Hormuz disruptions

Phillips 66 CEO Mark Lashier said at the Reuters Global Energy Forum in New York on Wednesday that refining and petrochemical earnings face greater volatility due to uncertainty

Bank of Canada policymakers agreed to keep monetary policy nimble, minutes show

The Bank of Canada's governing council agreed to keep its monetary policy nimble to respond to new U.S. trade restrictions, the impact of energy prices,

Brent settles at lowest since before start of Iran war as more tankers exit Hormuz

The benchmark global oil price declined more than $3 on Wednesday to settle at its lowest level since before the start of the Iran war as supply

Concerns grow over south Minneapolis homeless encampment near child care center

Concerns grow over south Minneapolis homeless encampment near child care center

¿Cómo las ranitas coquí jóvenes equilibran las demandas de crecimiento y de combatir enfermedades?

Un nuevo estudio rastrea cómo las ranas jóvenes equilibran la energía entre crecer y combatir infecciones.

Alibaba sues the US Defense Department in a bid to remove 'Chinese military company' designation

Alibaba has sued the U.S. Department of Defense, demanding removal from a list naming it a Chinese military company

Extreme heat is melting national records across Europe, with more coming Thursday

Extreme heat is melting national records across Europe, with more coming Thursday

US airline stocks rise as oil retreats to pre-Iran war levels

U.S. airline stocks rose 3% to 7% on Wednesday after crude prices fell to their lowest since before the Iran war, raising hopes that

US says chemical maker Chemours to pay $450M to settle 'forever chemicals' case

The Trump administration has reached a multi-state settlement with chemical giant Chemours Co. over years-long, illegal discharges of synthetic “forever chemicals” used to make products resistant to water, grease and stains

Pfizer dismissed from US states' drug price-fixing lawsuit

Pfizer has been dismissed as a defendant in a sweeping antitrust lawsuit in which most U.S. states accused dozens of drugmakers and executives of fixing prices

US Postal Service tells Congress it needs help, running out of cash

U.S.

Chemours agrees to $450 million settlement with US Justice Department over chemical release

The U.S.

IRS did better than expected in tax season after slashing staff, except on the phone, watchdog says

The national taxpayer advocate says the IRS did better than expected in issuing refunds during the 2026 tax season despite massive cuts to its workforce

US oil executives see slight output growth, future outlook uncertain, survey says

U.S. oil executives expect domestic oil production to increase slightly at current prices but said geopolitical uncertainties and regulatory issues

European shares tread water as Iran uncertainty weighs, Rheinmetall slumps

European shares were muted on Wednesday as investors assessed developments in the U.S.-Iran negotiations, while defence group

Rubio says U.S. won't do anything that would undermine Gulf security

U.S.

Andy Burnham inches closer to power in Britain as Keir Starmer seeks a legacy

Andy Burnham is closer to becoming Britain’s next prime minister without a contest

Trump cancels signing of largest housing affordability bill in a generation

Trump cancels signing of largest housing affordability bill in a generation

Olympic athletes to get cash grants from new $100M fund created by IOC

The International Olympic Committee is to pay more than $100 million to athletes

Trump says Iran has told US no tolls being sought at Strait of Hormuz

U.S. President Donald Trump said on Wednesday that Iran has told the United States that no tolls were being sought from ships traveling through the Strait of Hormuz.

US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says

Online spending among shoppers on the first day of Amazon's Prime Day rose 5.3% from a year earlier to $8.3 billion across U.S. retailers, Adobe Analytics said on Wednesday.

Keiko Fujimori's expected victory returns divisive dynasty to Peru

Keiko Fujimori’s victory in her fourth bid for Peru's presidency returns a polarizing political dynasty to power, reviving deep divisions

Qualcomm to buy startup Modular for $4 billion in AI software push

Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across

Wall St subdued as tech steadies, Micron earnings in focus

Wall Street's main indexes were muted on Wednesday, after two straight sessions of declines, as technology shares steadied after a sharp sell-off this week and investors awaited

EU membership not the answer for Iceland, opposition leader says

Iceland's main opposition leader said European Union membership would not fix the country's economic problems or strengthen its security, making the

J.P.Morgan raises S&P 500 year-end target to 7,800, joins bullish trend

J.P.Morgan on Wednesday joined major Wall Street brokerages to raise its 2026 year-end target for the S&P 500 index, lifting it to 7,800, citing strong earnings momentum driven by

Bessent applauds reduction in Fed guidance, says 'dot plot' should be abandoned

U.S.

OpenAI unveils custom chip it designed with Broadcom to boost its AI infrastructure

By Max A.

US current account deficit widens more than expected in first quarter

The U.S. current account deficit widened more than expected in the first quarter amid a shortfall on the primary income balance, government data showed on Wednesday.

Gold ETFs could see fresh outflows on rising bets on Fed monetary tightening

Bullion-backed exchange-traded funds could face renewed outflows if investors continue to increase their bets on interest rate hikes, analysts say — a factor

SpaceX short selling bets increase after post-debut share selloff

Short sellers have increased their bets on further falls in the share price of Elon Musk's SpaceX after the stock's drop from highs scaled

US new single-family home sales post second straight monthly decline

Sales of new U.S. single-family homes unexpectedly fell in May, weighed down by higher mortgage rates and prices, dampening hopes for a housing

Apple-Intel chip deal makes strategic sense but production is years away

Apple turning to Intel for chips, as Washington announced last week, has the neat logic of necessity meeting ambition.

Romania's Social Democrats propose their own leader as prime minister in bid to avert snap election

Romania's leftist Social Democrats, parliament's largest party, said on Wednesday they would back their own party leader Sorin Grindeanu for prime minister, as parties

Rubio meets Gulf leaders, pledges security amid Iran deal doubts

U.S.

US dollar strengthens to 13-month high on Fed rate hike expectations

The U.S. dollar advanced for a third straight day on Wednesday to hit a 13-month high as markets braced for anticipated rate hikes from the Federal

Why Trump suddenly sounds a lot like Biden on gas prices

Why Trump suddenly sounds a lot like Biden on gas prices

Camp Mystic files for bankruptcy after catastrophic Texas floods killed 28 people at the girls' camp

Camp Mystic has filed for Chapter 11 bankruptcy reorganization

War-induced fertilizer shortage may be reducing US soil and water pollution

Decades of farmers using more fertilizer than they needed have quietly built up large reserves of nutrients in the soil.

Cerebras sinks 14% as full-year margin forecast disappoints

Cerebras shares tumbled about 14% on Wednesday after the chip designer warned that annual profit margins would undershoot first-quarter figures in its debut earnings following a

30 years after ‘Reasonable Doubt,’ Jay-Z’s career embodies hip-hop’s biggest contradictions

What happens when a rapper whose early work explored capitalism’s brutality becomes one of the system’s most successful beneficiaries?

Anxious investors await Micron earnings as chip sector whipsaws

The spotlight is on chipmaker Micron Technology as it prepares to report earnings, and investors are bracing for more volatility after recent market swings fueled

Debt restructuring framework for poorer nations needs fixing, Paris Club says

Reforms are needed to a core sovereign debt restructuring initiative for low-income countries known as the Common Framework to make it faster and more

Mexican inflation slows more than expected in early June, pushes back rate hike pressures

Mexico's annual inflation rate hit 3.55% in the first half of June, official data showed on Wednesday, landing below expectations and defusing

SK Hynix targets $29 billion US listing as AI demand surges

South Korea's SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be among

FedEx falls on lower margins, concerns over Freight spinoff

FedEx shares fell 2% on Wednesday, as lower margins in its core delivery segment in the fourth quarter raised investor doubts about the company's future following

Russia wants to know if Trump has shifted his stance on Ukraine war after G7, Lavrov says

Russia wants to know if Donald Trump has really changed his stance on the Ukraine war after French President Emmanuel Macron suggested

Binance vows to stay in Europe despite licence setback

Crypto platform Binance intends to stay in the European Union and will make a fresh push for permission to

India says it discussed pathways to interim trade deal with US

India and the United States discussed pathways to conclude an interim trade deal, the Indian government said in a statement on

Texas camp where 28 died in floods files for bankruptcy

The operators of Camp Mystic, where 28 campers and staff members died in catastrophic flooding in Texas last year, filed for bankruptcy protection on Wednesday.

Luxury property buyers flock to Spain seeking haven from war, turmoil

Wealthy Polish, American and Gulf-based property buyers are pouring into Spain's capital Madrid and Costa del Sol seeking luxury

Wendy's hits over seven-month high as retail traders spark meme-like rally

Wendy's highly shorted shares jumped to a more than seven-month high on Wednesday as retail traders flocked to the beaten-down stock of the fast-food chain, in

Trump calls out Exxon and Chevron in probe over alleged gasoline price 'gouging'

U.S.

Fact check: Trump’s false and unproven claims about the Reflecting Pool

Fact check: Trump’s false and unproven claims about the Reflecting Pool

The hidden stakes of the birthright citizenship case: healthcare for babies

The hidden stakes of the birthright citizenship case: healthcare for babies

Why some young Brazilians voters are abandoning Lula

Ricardo de Lima Filho, a 34-year-old video game translator, has voted for left-wing presidential candidates in every election he can

US CFOs in survey say firms mostly absorbed oil price shock

The U.S.-backed war against Iran touched off fears of stagflation last spring, but most company finance chiefs in a recent Federal Reserve survey

Euro outsiders not making much accession progress, ECB says

European Union nations outside the euro have made little to no progress in convergence in recent years and even Hungary, the nation most actively discussing accession,

US SEC probes popular type of private equity fund as it steps up industry scrutiny, sources say

The U.S.

Millions lose food stamps under Trump cuts. Arizona is hardest hit

When Angelica Garcia tried to renew her food stamps this spring, she said she thought she knew the drill.

Tucker Carlson's ALP nicotine pouches to launch in Europe, CEO says

U.S. nicotine pouch brand ALP, which is co-owned by U.S. conservative talk show host Tucker Carlson, will launch sales in 11 European markets from July, its

Bubble or blasphemy?

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets An 8% plunge in the high-flying U.S. chip stock index on Tuesday

Take-Two prices 'Grand Theft Auto VI' at $79.99

Take-Two Interactive Software has priced its highly anticipated "Grand Theft Auto VI" at $79.99 and will launch the game on November 19, the company said on Wednesday.

Why these adults are suddenly obsessed with a kids toy from the late ’90s

Why these adults are suddenly obsessed with a kids toy from the late ’90s

Premier says China’s tech advancements an 'opportunity' for the world, not a threat

China’s premier has defended the country's technological advancements as an opportunity for the world, not a threat

What next for Indonesia after MSCI extends downgrade review

Global index provider MSCI deferred a decision on a possible downgrade of Indonesia's equity market to frontier status until November, allowing the country to keep its

Australia's top export sectors face rising strike threats

Labour unrest has flared up across Australia's resources sector, with its lucrative iron ore mines and ports facing heightened

Warehouse giant Prologis takes $16.6 billion bid for UK's Segro public after rejection

U.S. logistics firm Prologis on Wednesday made public its £12.6 billion ($16.62 billion) takeover proposal for Britain's Segro after the warehouse landlord rejected its approach,

‘Exploding oil?!’ The Middle East is about to find out

‘Exploding oil?!’ The Middle East is about to find out

Keiko Fujimori vows to unite a Peru 'split in two' as runoff lead holds

Right-wing candidate Keiko Fujimori said on Wednesday she would seek to unite a Peru "split in two" if she takes office, after razor-

Australia's central bank still has work to do to reduce inflation, deputy governor says

Australia's central bank has work to do to tame "too high" inflation, a top official said on Wednesday, although he added that lower global oil prices stemming from a

BOJ must scrutinise impact on financial system from AI, non-bank activities, Ueda says

Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank must scrutinise how Middle East developments, profitability of AI-related investments and overseas non-

Japan plans to better manage war chest for yen intervention, draft shows

Japan will study ways to improve management of its foreign exchange reserves of $1.3 trillion, a war chest for future yen

Qualcomm in talks to provide custom chip-design services to ByteDance, sources say

Qualcomm is in talks to provide chip-design services to China's ByteDance, four people familiar with the matter said, as the U.S. company seeks to reduce dependence on the

Taiwan's ASE says it is expanding capacity to support AI demand

Taiwan's ASE Technology Holding, the world's largest chip packaging ​and testing provider, is expanding capacity to meet AI demand, Chief

Time to cash in your chips?

A look at the day ahead in European and global markets from Tom Westbrook South Korea's chip-heavy KOSPI made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff

ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports

Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News reported on

Premature to talk about rate hikes, India cenbank chief tells ET Now

India's central bank chief said on Wednesday it was "premature" to talk about interest rate hikes at this stage of the policy cycle.

Gen Zers want to help, they really do, if the work pays well enough

Gen Zers want to help, they really do, if the work pays well enough

Malaysia to ramp up support for ringgit as foreign outflows, Fed rate outlook weigh

Malaysia's central bank said on Wednesday it would step up efforts to support the ringgit, including measures to attract foreign funds and encourage state-linked firms and

Samsung Electronics considers share buyback for stock bonuses, details undecided

Samsung Electronics said on Wednesday it was considering buying back shares to fund stock-based employee compensation tied to its 2026

How SK Hynix's bet on a niche memory chip made it more valuable than Samsung

SK Hynix's overtaking of Samsung Electronics to become South Korea's most valuable firm was the culmination of 14 years of bets that brought

Taiwan says warning time for any China attack is shortening

Taiwan's military needs to test if it can respond immediately to a war breaking out, as the warning time for any Chinese attack is shortening, Defence

US House overwhelmingly backs affordable housing bill

Bipartisan legislation that aims to speed the construction of more affordable housing in the United States was headed to passage in the U.S.

Japan May services producer prices rise 3.3% y/y on soaring fuel costs

Japan's services producer price index in May rose 3.3% from a year earlier, central bank data showed on Wednesday, a sign of broadening inflationary pressure that will keep

South Korea's government discussing major new chip investments with Samsung, SK Hynix

South Korea's government is in talks with Samsung Electronics and SK Hynix over plans for the next phase of large-scale investments in semiconductor production facilities,

Some Bank of Japan members call for faster rate hikes, summary shows

Bank of Japan policymakers debated mounting inflation risks, with some calling for faster interest rate increases to raise borrowing costs nearer levels

Ukraine submits updated bid for OECD membership, Zelenskiy says

President Volodymyr Zelenskiy said on Tuesday that Ukraine had submitted a revised application to join the Organisation for Economic Co-operation and Development (OECD), a club of

US Senate joins House in voting to halt Iran war, rebuking Trump

The U.S.

Consolidated Edison CEO says grid equipment must expand for longer heat waves 

Consolidated Edison CEO Tim Cawley, speaking at the  Reuters Global Energy Forum in New York on Tuesday, said the utility must upsize parts of

UK employers scale back pay expectations for 2027, Brightmine survey shows

British employers expect to scale back pay increases markedly next year, according to a survey on Wednesday from human resources data firm Brightmine that added to signs of a

Soccer-World Cup turnout defies concerns, as Americans flock for the spectacle

World Cup attendances are on track for record highs despite daunting ticket prices and Trump administration travel restrictions.

Rio Tinto sees lithium as fastest-growing division, executive says

Rio Tinto. expects its lithium business to grow faster than its copper, iron ore and other divisions as it works to triple production by 2028 for the

Bessent says US supply chains must be able to withstand shocks, coercion

U.S.

Automakers could halt car sales in California without delay in vehicle tracking law

A group representing major automakers warned on Tuesday that car companies may be forced to halt sales of both new and used vehicles in California on July 1

US judge vacates Trump immigration courthouse arrest policies

A federal judge in California vacated the Trump administration's nationwide policies expanding arrests at immigration courthouses and the duration for

US House passes affordable housing bill, sending it to Trump for enactment

The U.S.

House gives final approval to bipartisan housing bill aimed at lowering costs

The House has given final approval to a broad bipartisan bill aimed at lowering the cost of housing, with lawmakers in both parties eager to show progress on affordability issues ahead of this year’s midterm elections

North Korea should build two warships a year in next five years, Kim says

North Korea should build two warships as large as its 5,000-metric-ton Choe Hyon vessel every year in the next five years, leader Kim Jong Un said at a commissioning

Cerebras shares drop on earnings debut, with margins below AI chip rivals

Cerebras Systems in its debut report as a public company forecast full-year profit margins would drop below the first-quarter figures and lag levels

US presses Meta to agree to AI reviews as security concerns rise, NYT reports

The Trump administration is pressing Meta to submit its AI models for voluntary review, which would allow the government to evaluate their abilities and vulnerabilities, the New

US, Iran at odds on nuclear inspections, frozen assets in deal to end war

U.S.

Ari Emanuel's Mari in talks to buy theater group ATG for $6 billion, FT reports

Mari Group, founded by TKO CEO Ari Emanuel, is in advanced talks to buy British West End theater operator ATG Entertainment for £4.5 billion ($5.94 billion), the Financial Times

US Commerce Secretary signals possible action on Chinese robots after review, Politico reports

U.S.

Trading Day: Chip wreck

Global stocks slumped in a tech-fueled selloff on Tuesday, with investors unnerved by growing debt-funded AI spending, the prospect of a more

FedEx shares slide after margin drop, company eyes 11% rise in 2026 revenue

FedEx margins in its core delivery segment dropped in the latest quarter from a year earlier, and shares fell 6% in extended trading on Tuesday even though the company beat profit

Nike names Pfizer executive David Denton as CFO amid slow turnaround effort

Nike on Tuesday named Pfizer executive David Denton as CFO, replacing Matthew Friend, as the footwear maker struggles through a turnaround amid supply chain issues and stiff

Morgan Stanley caps withdrawals at private credit fund after rising pullout requests

Morgan Stanley has limited redemptions again at its $7 billion flagship private credit fund after investors sought to withdraw almost 11.6% of units outstanding, a regulatory

GameStop CEO Cohen spurns $35 billion pay plan to focus on plan to buy eBay

Ryan Cohen, the billionaire CEO of GameStop, will not receive a potential performance award from the videogame retailer and plans to

Senate for first time approves a war powers resolution in a rebuke to Trump over Iran conflict

The Senate for the first time has approved a war powers resolution to block U.S. military action against Iran

California intends to sue Trump administration over deal to end offshore wind project

California intends to sue the Trump administration over its deal to end an offshore wind project proposed off the state’s central coast

Trump administration touts Iran deal as a payday for US farmers, but Iran denies it

U.S. President Donald Trump and Vice President JD Vance say their interim deal to end the war with Iran will deliver a financial windfall to American farmers

NHL exploring Texas expansion in Houston or Austin with billionaire Dan Friedkin and family

The NHL is exploring expansion to Texas, focusing on Houston or Austin, with a framework agreed upon with billionaire Dan Friedkin and his family

Sharp drops in Big Tech companies pull indexes mostly lower on Wall Street

Pullbacks in big technology companies sent indexes lower on Wall Street

SpaceX launches $25 billion notes offering for debt repayment, AI expansion

Elon Musk's SpaceX said on Tuesday it has launched a five-tranche notes offering to raise at least $25 billion, as the newly public company seeks funding for its

Alibaba sues US for being linked to Chinese military

Alibaba, the Chinese technology and e-commerce giant, sued the U.S. government on Tuesday over being placed on a list of businesses from China

Trump tests Rust Belt pitch in Pennsylvania amid Iran, inflation pressures

U.S.

Tech selloff drags global stocks lower

Global stocks fell on Tuesday, dragged lower by a broad selloff in technology and semiconductor shares as investors continued

Selection process for Atlanta Fed president reset after Warsh became chairman, CNBC reports

The search process for the next president of the Federal Reserve Bank of Atlanta was reset when Kevin Warsh took over as the chairman of the U.S. central bank,

How Alan Greenspan’s stint as President Ford’s top economic adviser cemented his passion for public service and prepared him to lead the Fed

The Fed chair who served under five US presidents was more practical and less ideological than his detractors claimed.

Federal officials plan to offload some warehouses purchased for immigrant detention

U.S. Immigration and Customs Enforcement is retreating from a plan to use warehouses to hold up to 10,000 people on a single site, jettisoning a key piece of former Homeland Security Secretary Kristi Noem’s $38-billion plan to rapidly expand detention capacity this year

The Latest: Senate approves war powers resolution in a rebuke to Trump over Iran conflict