Economy

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

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

Trump heads to battleground Pennsylvania but keep focuses on himself ahead of midterm elections

President Donald Trump visited a Mack Trucks facility in Pennsylvania, for a speech meant to focusing on the economy

Trump administration charges 455 people, including doctors, with $6.5 billion in healthcare fraud

Trump administration charges 455 people, including doctors, with $6.5 billion in healthcare fraud

US announces $17.5 billion in loans for nuclear power supply chain

The U.S.

SpaceX short interest estimated to be about 5-7% of float, S3 Partners says

Short sellers are finding it easier to borrow SpaceX shares, even as some 5% to 7% of the company's float, about 40 million shares, has been sold

Alo Yoga primed for public offering or sale after owner's sale of wholesale T-shirt business

In a deal that attracted little interest from Wall Street, the owner of popular yoga clothing maker Alo agreed to sell its wholesale T-shirt

Rubio to address Gulf allies' fears over U.S. Iran deal

U.S.

Few in US say Iran war was worth it; Trump approval ties lowest of term, Reuters/Ipsos poll finds

Just one in four Americans believes President Donald Trump's war with Iran was worth its costs and a majority worry that a truce with Tehran is unlikely

SpaceX's wild ride is just getting started

SpaceX's stock extended its wild ride on Tuesday, briefly falling below its first-day opening price before rebounding on an

Wall Street ends lower on semiconductor selloff as AI spending concerns mount

The Nasdaq and the S&P 500 closed at more than one-week lows on Tuesday, dragged down by sharp losses in semiconductor stocks

US spectrum auction raises $3.5 billion, will fund replacing Chinese telecom equipment

The U.S.

AI stock slump raises the question if investors are just taking profits or getting very nervous

Tech companies are spending big on AI, but investors might be getting nervous

Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors

The Trump administration is providing $17.5 billion to speed the development of 10 new large nuclear reactors to meet the skyrocketing power demand from massive data centers

Evacuation plan through Hormuz for stranded ships in Gulf underway, UN agency says

An evacuation plan to enable hundreds of ships with some 11,000 seafarers stranded in the Gulf to sail through the Strait of Hormuz is underway after Iran

Family says downed tree narrowly missed 18-month-old’s window in overnight storm

Family says downed tree narrowly missed 18-month-old’s window in overnight storm

Sargassum seaweed is trapping endangered green sea turtles along the Texas coast this summer

Sargassum seaweed is trapping endangered green sea turtles along the Texas coast this summer

Supreme Court rejects a push to require higher prices on tax foreclosure sales

The Supreme Court has rejected an effort to reshape tax foreclosure sales to allow the original owners to keep more money when homes are sold to recoup unpaid taxes

Rubio arrives in UAE with aim to head off Gulf Arab unease over tentative Iran deal

U.S. Secretary of State Marco Rubio is in the United Arab Emirates on the first leg of a three-nation tour of Gulf countries aimed at easing their concerns about the result of an agreement intended to end the war with Iran

Barclays, Stifel lift S&P 500 target to 7,800 on strong earnings outlook

Barclays and Stifel raised their year-end targets for the S&P 500 index to 7,800 on Tuesday, citing strength in corporate earnings.

Russia eyes diesel export ban, fuel imports amid Ukrainian strikes; Crimea restricts public life

Russia is considering a diesel export ban, Deputy Prime Minister Alexander Novak said on Tuesday, while a newspaper reported on possible fuel imports to tackle shortages,

Oil shock nicked US GDP but resilience was the message, Dallas Fed research finds

Oil surging to more than $120 a barrel last spring cut about three-tenths of a percentage point from U.S. economic output, but the blow was a small

Blackstone plans $30 billion investment in Japan AI data centres, Nikkei reports

Blackstone is planning to invest $30 billion in Japan's AI data centers over the next three to five years, its president and chief operating officer Jonathan Gray told Nikkei in a

Climate-vulnerable countries push for global funding framework

The world’s most climate-vulnerable nations and a set of major development banks launched a new initiative on Tuesday aimed at unlocking cheaper and more

Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks

Oil prices settled 1% lower on Tuesday as investors kept a close watch on crude flows through the Strait of Hormuz following signs of progress in U.S.

US Supreme Court boosts Exxon's bid to get compensation from Cuba

The U.S.

Chip stocks plunge, but bargain-hunters limit scale of tech rout

U.S. chip stocks fell from record highs on Tuesday in a reversal for buyers of shares linked to the AI infrastructure buildout that has powered the market over

Can Pakistan's peacekeeping role in Iran war give it an economic dividend?

Pakistan's role in

Mark Zuckerberg directed Meta to create a prediction markets app, NYT reports

Meta CEO Mark Zuckerberg recently dispatched a small team at his company to create a smartphone app similar to Polymarket and Kalshi, the New York Times reported on Tuesday, citing

Top auto regulator opens special probe after a Tesla slams into a Texas home, killing a 76-year-old

The top U.S. auto regulator has opened an investigation after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside

Judge rules government can't stop SNAP dollars from buying candy and sugary drinks

A judge has ruled that the U.S. government cannot stop people enrolled in the biggest food aid program from using benefits to buy candy and soda

Ukraine says it hit a railway bridge to Crimea, seeking to isolate the Russian-held peninsula

Ukraine says its forces struck a railway bridge, a power plant and other key infrastructure targets in Crimea as Kyiv’s military authorities seek to isolate the vital Russian-held peninsula in the latest stage of the 4-year-old war

Trump administration can expand fast-track deportation process, US appeals court rules

A federal appeals court cleared the way on Tuesday for the Trump administration to expand a fast-track deportation process that would allow for the expedited

Woman forced to pay nearly $900 in utility bills owed by home's previous owners

Woman forced to pay nearly $900 in utility bills owed by home's previous owners

Global imbalances could fuel financial stability risks, says BoC Governor Macklem

The Bank of Canada Governor Tiff Macklem said on Tuesday that global imbalances of financial flows, led

Carnival forecasts current-quarter profit below estimates on higher fuel costs

Carnival Corp on Tuesday forecast third-quarter profit below estimates, as elevated fuel costs and geopolitical tensions continued to squeeze margins, sending its shares down about

DHL Group appoints Joe Joseph as new CFO

German logistics giant DHL appointed Joe Joseph as its new chief financial officer, starting from June 1, 2027, the company said on Tuesday.

BoE's Taylor backs extended hold for interest rates

Bank of England policymaker Alan Taylor said on Tuesday that an "extended hold" for interest rates was the right response to the increase in price pressures spurred by

Macklem says latest inflation data looks very concentrated in oil prices

Bank of Canada Governor Tiff Macklem said on Tuesday the latest inflation reading showed price increases were concentrated in energy, but admitted that food inflation was a

Bangladesh says $300 billion climate finance goal falls short, calls for more support

Bangladesh called on Tuesday for more funds and faster support for developing countries facing escalating threats from climate change, saying the global climate financing

Dollar climbs to 13-month high on Fed hike bets, safe-haven bid

The U.S. dollar ascended to its highest level in more than a year on Tuesday as markets adjusted expectations for a more hawkish stance from the

Italy cannot hold election next April, economy minister says

Italy cannot hold a national election in April because it would not give the government enough time to approve its plans to

Supreme Court OKs Exxon Mobil lawsuit over Cuban property seized by Fidel Castro's government

The Supreme Court has ruled that Exxon Mobil can sue Cuban state-owned companies in American courts over property on the island nation that was seized after Fidel Castro took power

Donors gave U.S. charities $617 billion in 2025, according to the new Giving USA report

Philanthropic donations in the U.S. rose to $617 billion in 2025, marking a 3% increase from the previous year

Exxon can sue Cuba over property confiscated in 1960, Supreme Court rules

Exxon can sue Cuba over property confiscated in 1960, Supreme Court rules

Priced out of World Cup games, Mexican fans take celebrations into their own hands

Mexicans are reclaiming the FIFA World Cup with street celebrations as high ticket prices keep many out of stadiums

UK tribunal gives go ahead for $4 billion lawsuit against Apple over iCloud services

Britain's competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which?

Oman and Iran to pursue talks on managing navigation in Strait of Hormuz

Oman and Iran agreed on Tuesday to press on with discussions about the future administration of navigation in the Strait of Hormuz, including maritime services in the

Trump insists Iran has agreed to nuclear inspections

U.S.

Mexican economy posts sharpest increase in five years in April

Mexico's economy posted its largest monthly expansion in more than five years in April, ahead of expectations, according to official data published on Tuesday.

Brazil's Flavio Bolsonaro plans to testify against proposed US tariffs

(Refiles to clarify in paragraph 1 that the hearing is before the U.S.

US states sue California over landmark plastics packaging law

California has been sued by 17 U.S. states, which are seeking to undo a new state law designed to limit the use of single-use plastic and promote recycling.

China's foreign minister calls on BRICS to strengthen strategic minerals cooperation

China's Foreign Minister Wang Yi called on BRICS countries on Tuesday to jointly respond to global challenges from Ebola to AI, and to strengthen cooperation on strategic

Wall St falls at open on tech selloff as concerns about hawkish Fed, AI spending mount

Wall Street's main indexes opened lower on Tuesday, following sharp losses in megacap and semiconductor stocks as investors braced for a more hawkish Federal Reserve and

Wendy's names industry veteran Steve Cirulis as new CFO

Wendy's on Tuesday named industry veteran Steve Cirulis chief financial officer, to succeed Ken Cook, effective immediately as the restaurant chain struggles with weak demand and

Porsche's promised comeback does little to calm investors over China

Porsche's new CEO appealed to shareholders for patience on Tuesday, promising detailed turnaround measures later this year as investors press the sports car

Constellation Energy to supply nuclear power to Walmart facility under 15-year deal

Retail bellwether Walmart has signed a long-term nuclear power purchase agreement with Constellation Energy, the companies said on Tuesday.

Ukraine's Zelenskiy to skip reconstruction forum in Poland amid row

Ukraine has downgraded its representation at a key recovery forum in Poland by sending Prime Minister Yulia Svyrydenko instead of President Volodymyr Zelenskiy, in an effort

US manufacturing rises on front-loading of orders, but factory employment tumbles to six-year low

U.S. manufacturing activity rose again in June as companies preemptively placed new orders in anticipation of shortages and higher prices, but factory

Brazil central bank signals mixing pauses with cuts to steer inflation to target

Brazil's central bank on Tuesday signaled a preference for combining periods of pause and renewed easing to bring inflation back to its 3% target by the

US consumers favor homebuying over renting for first time since 2023, BofA study shows

A majority of U.S. consumers now say they would prefer to buy a home rather than rent or move in with family, the first time since 2023 that

AI stocks are getting trampled. South Korean market plunges 10%

AI stocks are getting trampled. South Korean market plunges 10%

US giving grew 3% in 2025, crossing the $600B mark for the first time

Giving that’s associated with the wealthiest Americans – from bequests and foundations to universities and donor-advised funds – fared better than usual.

How Brexit broke British politics

Brexit fractured the European Union, and it broke British politics

Everyone experiences loss and grief – but that doesn’t make it any easier to talk with kids about it

Parents and educators sometimes avoid having conversations about grief with children because they don’t know what to say. Here are some tips for how to approach it.

Andy Burnham prepares for a UK Labour leadership contest that may be a coronation

Andy Burnham is preparing for a Labour Party leadership contest that could make him Britain's prime minister within weeks

How everyone pays the cost for patents on seeds, and private companies get rich from keeping them secret

When huge companies assert their patents, smaller businesses and public plant breeders are dissuaded from conducting research that might not be illegal at all.

Scars mark Britain's economy 10 years after Brexit vote

Britain's vote to leave the European Union in 2016 has acted as a persistent drag on its economy,

Firings now underway at Office of Director of National Intelligence, source says

Firings now underway at Office of Director of National Intelligence, source says

UK manufacturing orders shrink at fastest rate since 2020, CBI says

British manufacturing orders deteriorated this month at the fastest rate since September 2020 during the COVID-19 pandemic, according to a survey on Tuesday that showed little

Britons paid £59 billion too little tax last year, government says

Britons paid £59.2 billion ($78 billion) less tax than they should have in the 2024/25 financial year, equivalent to 6.4% of the total, with most of the shortfall coming

Vedanta's CopperTech Metals targets $3.6 billion valuation in US IPO

CopperTech Metals is targeting a valuation of up to $3.57 billion in its U.S. initial public offering, joining a wave of companies tapping the busy summer IPO market.

SoFi deepens AI-powered trading ambitions with Composer deal

Financial services firm SoFi said on Tuesday it has bought Composer, an AI startup that helps retail investors build and execute sophisticated trading strategies

Asian refiners see little room for Iranian oil, leaving China as key buyer after US waiver

A temporary U.S. sanctions waiver on Iranian oil sales is unlikely to draw orders from well-stocked Asian refiners,

More vessels transit Hormuz, Qatar-linked LNG tankers return, data show

Three stranded supertankers passed through the Strait of Hormuz on Tuesday, while seven empty Qatar-linked

Only Iran will control its unfrozen assets, Iranian envoy says

Iran alone will decide how to use assets that are unfrozen under a deal with the United States, an Iranian envoy said on Tuesday, denying Washington

German pension commission proposes shift to Swedish-style fund

A commission appointed by German Chancellor Friedrich Merz has proposed a Swedish-style pension fund and a gradual increase in the retirement age to help

SpaceXhaust

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Big Tech started the week in reverse, with megacaps Alphabet and

Russia, Iran lead surge in gas flaring, dimming global hopes to end the practice

Global gas flaring rose to a six-year high in 2025, driven by increases in Russia and Iran, according to World Bank data, hindering efforts to end by the

Euro zone inflation could stay high even with peace deal, ECB's Lane says

Euro zone inflation could stay above the European Central Bank's 2% target for some time, even if peace in the Middle East holds, but this shock still only requires a

UK services sector contracts at fastest pace since January 2023

Britain's services sector, the engine of the economy, contracted this month at the fastest rate in nearly three-and-a-half years, according to a survey on Tuesday

Europe's STOXX 600 ends lower as tech selloff, rising Fed hike bets weigh

Europe's benchmark STOXX 600 closed lower on Tuesday, as expectations for imminent interest rate hikes by the Federal Reserve

U.S. focused on fair trade deal with India that benefits both countries, U.S. embassy says

The United States is focused on securing a fair, reciprocal trade deal with India that opens markets for American exporters and delivers benefits to both countries, the

Heineken names outsider Rafael Oliveira as CEO tasked with boosting sales

Heineken appointed Rafael Oliveira as its new chair and CEO on Tuesday, the first time the Dutch brewer has appointed an outsider to the top job, as alcohol makers

ECB's Kazimir: next steps will depend on data but direction is clear

Damage from the conflict in the Middle East cannot be removed overnight and the European Central Bank still has work to do, ECB policymaker Peter Kazimir said on Tuesday.

Euro zone private sector contraction eases in June but services stay weak, PMI shows

Euro zone private sector activity shrank for a third straight month in June, though at a slower pace, as a modest recovery in tourism and leisure demand

French private sector downturn eases in June, PMI shows

France's private sector contraction eased in June as declines in manufacturing and services output both slowed, a business survey showed on Tuesday.

Russian building downturn leaves Moscow apartment buyers in limbo

Plastic sheets flap in empty windows and balconies hang askew at part of outer Moscow's unfinished Ostafyevo housing complex, where disgruntled homebuyers

UK grocery inflation slows, easing fears of Iran war hit, says Worldpanel

British grocery inflation slowed to 3.0% in the four weeks to June 14, researcher Worldpanel by Numerator said on Tuesday, easing concerns about the impact

German business activity hits 18-month low in June, PMI shows

Germany's private sector activity contracted at its fastest pace in 18 months in June as the services downturn deepened, a survey showed on Tuesday.

Nissan shelves development of electric Qashqai in cost-cutting drive

Nissan has stopped work on an electric version of its top-selling model in Europe, six sources with knowledge of the matter said, as the

Former Oklahoma death row inmate has a new trial set for a 1997 killing of motel owner

A new murder trial is scheduled for September for a former Oklahoma death row inmate who was released from nearly three decades of incarceration last year after being on the brink of execution three times over a 1997 killing

Undoing the 'tangled nest' of Iran sanctions won't be easy or quick

Tehran stands to gain billions of dollars from a 60-day reprieve from U.S. sanctions announced on Monday, but unwinding more than

India's June private sector growth slips to three-month low as demand, confidence cool, PMI shows

India's private sector expanded at its slowest pace in three months in June as weaker demand growth weighed on both factory and services activity, while business

Firefly Aerospace expected to secure $110 million US EXIM loan, document shows

Rocket and spacecraft maker Firefly Aerospace is expected to secure a $110 million U.S.

KPMG Australia's chairman and two partners resign as audit scandal widens

KPMG Australia said on Tuesday its chairman and two senior partners will leave the firm as it moves to contain a growing scandal over whistleblower

‘Pure’ New Zealand chases gold as record prices burnish allure

New Zealand is fast-tracking gold projects and courting mining investors as soaring bullion prices revive a sector long in decline,

AI startup Baseten hits $13 billion valuation as Australia's Blackbird makes record bet

Baseten, a California-based artificial intelligence startup co-founded by Australians, said it raised $1.5 billion in a funding round that valued the company

Australia's tax overhaul chills nation's long love affair with property

Just a short stroll from Sydney's famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-storey home

US judge blocks Trump administration SNAP restrictions on soda, candy​

A federal judge in Washington, D.C., on Monday blocked the Trump administration from preventing food stamp recipients in five states from using their

Japan's factory activity expands at faster pace in June as new orders surge

Japan's manufacturing sector sustained robust growth in June, with new orders surging to their fastest pace in more than four years, though cost pressures continued to

In South Korea, a job or partner at Samsung, SK Hynix is the new 'A+' catch

The global AI boom has turned South Korean chipmaking giants SK Hynix and Samsung Electronics into stock market darlings.

Alan Greenspan dies at 100

Economist and former Federal Reserve Chairman Alan Greenspan has died at 100-years-old, according to his wife, Andrea Mitchell.

US gasoline prices tumble for sixth straight week

Diplomacy between the U.S. and Iran has translated into relief at the pump for Americans, data showed on Monday, with gasoline prices falling for a sixth

Senate passes housing bill in bid to ease supply crunch, high costs

The U.S.

Japan's Katayama held talks with US Treasury's Bessent on financial markets

Japan's finance minister Satsuki Katayama said on Tuesday she held an online meeting with U.S.

Meta to pause internal mouse-tracking tech while examining data security issues

Meta said on Monday it will pause an internal program that tracks

Solar manufacturing group seeks US trade probe of cell imports from South Korea

Three solar panel makers urged U.S. officials to investigate cell imports from South Korea, saying firms including Hanwha's Qcells were using them to evade tariffs on Chinese

Senate passes a bipartisan housing bill aimed at increasing supply and lowering prices

The Senate has passed a bipartisan housing bill that aims to bring down home prices and increase supply

Trump signs orders calling for powerful quantum computer, targeting 2028

U.S.

Trading Day: Mixed signals, Wall Street wobbles

Global stocks were mixed on Monday — optimism over Middle East peace talks lifted Asia and Europe, while tech and interest-rate jitters weighed

Soccer-Local World Cup fans wave many flags in multicultural Houston

World Cup fever has a distinctly international flavour for residents in Houston, where an estimated third of the population was born outside the United

BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices

Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued on Monday by California drivers who accused them of

UNAIDS chief urges US to reconsider South Africa funding cut

The head of UNAIDS said on Monday she was saddened by U.S. plans to withdraw HIV/AIDS funding for South Africa and urged Washington to reconsider, warning the

Fed Chair Warsh to testify before lawmakers on July 14

Federal Reserve Chairman Kevin Warsh will deliver his first testimony on monetary policy before Congress on July 14, at 10 a.m.

IBM partners with OpenAI on enterprise security AI

IBM on Monday said it has partnered with OpenAI to integrate frontier AI capabilities into enterprise security workflows, aiming to counter rapidly evolving cyber threats.

Oracle workforce shrinks by about 21,000 employees amid AI adoption

Oracle's total workforce declined 13%, or about 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven by the adoption

Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports

Qualcomm is in advanced discussions to acquire Modular Inc in a transaction valuing the AI chip company at about $4 billion, Bloomberg News reported on Monday, citing people

Fed's Goolsbee says labor market stable, inflation going the wrong way

Chicago Federal Reserve President Austan Goolsbee said on Monday that with the labor market stable, he is focused on figuring out whether too-high inflation will stay

Domino's Pizza names insider Joe Jordan CEO

Domino's Pizza on Monday named Chief Operating Officer Joe Jordan as CEO, counting on his extensive experience with the company to lead it through an uncertain economic environment

Best Buy finance chief Matt Bilunas to step down

Electronics retailer Best Buy said on Monday its chief financial officer Matt Bilunas will step down from the post, effective July 31.

Trump: 'I will do what I have to do' if Iran does not stick to deal

U.S. President Donald Trump said on Monday "I will do what I have to do" if Iran does not stick to its agreement with Washington.

US FAA taps ASI for software overhaul to improve flight schedules, cut delays

The Federal Aviation Administration said on Monday that it has awarded an $875 million, 12-year contract to Air Space Intelligence to overhaul U.S.

Trump CDC nominee Schwartz to resign posts, sell holdings if confirmed

Erica Schwartz, President Donald Trump's nominee to lead the U.S.

AI startup Reflection signs computing power deal with SpaceX

Reflection AI said on Monday it has signed a deal with SpaceX that will grant the startup access to additional computing capacity at the Elon Musk-led company's Colossus 2 data

Stocks flat, oil falls as rate worries offset Iran talks optimism

Global stocks were mostly flat on Monday while oil prices fell, as optimism over progress in U.S.-Iran talks was offset by expectations of higher

S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran

The S&P 500 and the Nasdaq closed down on Monday, dragged by declines in the megacap technology stocks including Alphabet,

New York governor announces completion of Smart Path Connect grid project

New York Governor Kathy Hochul announced on Monday the completion of the 100-mile Smart Path Connect transmission project, a major grid upgrade expected to deliver over $438

US stocks drift after oil prices ease and Big Tech stocks fall

U.S. stocks drifted through a mixed day of trading after oil prices eased and falling Big Tech stocks weighed on Wall Street

Dispatcher shortage leads to forced overtime and calls for higher pay

Dispatcher shortage leads to forced overtime and calls for higher pay

Can anyone fix Britain? Regular change of PM a symptom of UK's malaise

On Monday morning, Keir Starmer emerged into the sunshine in Downing Street flanked by his staff and wife, his voice thick with emotion

ECB's Lagarde urges talks on yuan undervaluation

European Central Bank President Christine Lagarde on Monday urged global leaders to discuss undervaluation of the Chinese currency as a facet of the imbalances

Canada's Unifor union begins Detroit Three negotiations with Ford

Canadian auto union Unifor began negotiations with Ford Motor on Monday, commencing talks on new contracts with the so-called Detroit Three of Ford, General

Vimeo owner Bending Spoons seeks $1.62 billion US IPO, sources say

Bending Spoons, an Italian technology company that acquires and revamps software businesses, is seeking to raise as much as $1.62 billion in a U.S. initial

Micron, Anthropic sign AI infrastructure supply agreement

Micron Technology said on Monday it has signed an agreement with Anthropic that includes supply of memory and storage products, and a strategic investment in the IPO-bound AI

EasyJet holds out for higher Castlelake bid after rejecting offer, FT reports

EasyJet and its investors are holding out for at least £600 million ($794.46 million) more from U.S. suitor Castlelake, the Financial Times reported on Monday, citing leading

US waives Iran sanctions after talks; Lebanon fighting abates

The United States waived sanctions on Iran for 60 days from Monday after the first talks under a

US proposes to slash costs for energy drillers on federal lands

The Trump administration on Monday proposed looser rules for oil and gas drilling operations on federal lands, including a dramatic cut to clean-up costs for abandoned wells.

Greenspan playbook to get a replay under Warsh

Some of the late former U.S.

Oil settles down more 3% after US-Iran talks signal easing supply risks

Oil prices settled more than 3% lower on Monday, as supply concerns eased after U.S.

ICE looking to sell warehouse designated for detention center, report says

ICE looking to sell warehouse designated for detention center, report says

Mexico's president seeks to restart oil shipments to Cuba as island's crises deepen

Mexican President Claudia Sheinbaum says her country seeks to restart oil shipments to Cuba soon, a move that could provide much needed relief as the island’s crises deepen given a lack of petroleum

Rubio heads to UAE, Kuwait, Bahrain to discuss Iran deal with Gulf allies

U.S.

Dollar climbs after US-Iran talks, pound choppy following Starmer exit

The dollar climbed on Monday as the initial round of U.S.-Iran talks buoyed optimism for a peace deal while the pound was higher in choppy trading

California sues US EPA over sending emissions rules to Congress for potential reversal

The state of California sued the U.S.

SpaceX turns to bond market to raise capital, reports $100.8 billion cash

Elon Musk's SpaceX turned to the bond market for the first time, capitalizing on a post-IPO momentum that has vaulted its cash reserves past $100 billion

Uber board sued over alleged 'serial' compliance failures, sexual abuse lawsuits

Uber Technologies' board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance,

U.S. tech megacaps slide as SpaceX extends slump, AI expense concerns grow

Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of dollars in

Porsche CEO sticks to targets as he navigates road to recovery

Porsche faces fundamental challenges in crucial markets and a long road back to recovery, but the German sports car maker is sticking by this year's

Former Federal Reserve Chairman Alan Greenspan dies at 100

Former U.S. Federal Reserve Chair Alan Greenspan has died at the age of 100

Pope Leo XIV warns wars are 'fed' faster than people as aid money dries up

Pope Leo XIV says wars are being sustained more easily than people are fed

Community puts on wedding for couple rebuilding after homelessness

Community puts on wedding for couple rebuilding after homelessness

Starmer says he'll resign as UK prime minister, roiling British politics yet again

British Prime Minister Keir Starmer has announced his resignation, forced out by his party after losing voter support

Argentina authorizes up to $5 billion debt from international institutions

Argentina's government authorized up to $5 billion financing from international entities backed by multilateral credit organizations, according to an official gazette

Euro zone consumer confidence rises to -17.7 in June

Euro zone consumer confidence rose by 1.3 points in June from the May number, figures released on Monday showed.

India says ties with China normalising as top officials meet in Delhi

Indian National Security Adviser Ajit Doval spoke with Chinese Foreign Minister Wang Yi on Monday on the sidelines of a BRICS National Security Advisers' meeting in New

Tanker traffic through Hormuz picks up after slower flows due to crossing concerns

Oil and liquefied natural gas tankers sailed through the Strait of Hormuz on Monday, in a sign of traffic slowly picking up

Deed fraud can cause vulnerable Detroiters to lose their homes – here’s why it’s hard to catch the thieves

Deed fraud is a persistent problem in the Detroit area. Only a fraction of victims get justice.

Wine brands chase Gen Z with playful tie-ins to Shark Week, NASCAR and more

Wine marketers are shaking things up to attract younger drinkers

Milan designers go lighter in silhouette, if not materials, for next summer

Milan Fashion Week has embraced simplicity amid economic uncertainty and geopolitical tensions

From sidelines to centre stage, Andy Burnham on course to be UK's next prime minister

Four years ago Andy Burnham complained he was repeatedly denied a main-stage speaking slot at the Labour Party conference under

BofA, Deutsche Bank expect Fed to raise rates in September

BofA Global Research and Deutsche Bank expect the U.S.

PM Magyar moves to oust Hungary's president, launch anti-graft office

Hungarian Prime Minister Peter Magyar said on Monday that his government would initiate the president's removal from office with a constitutional amendment, and also

UK's Starmer resigns, paving way for orderly transfer of power

Prime Minister Keir Starmer said on Monday he was quitting, paving the way for what is expected to be an orderly

Canada's annual inflation rate surges to a 29-month high of 3.2% in May

Canada's annual inflation rate in May accelerated more than expected to 3.2%, a 29-month high, data showed on Monday, as the impact of higher crude oil

CRH in $8.5 billion Arcosa deal to ride North America infrastructure boom

Ireland's CRH said on Monday it would acquire U.S.-based Arcosa in an all-cash deal valued at about $8.5 billion, bolstering its North American business and

De La Espriella's win in Colombia cements Latin America's rightward shift

Colombia has swung to the right, electing nationalist lawyer and political newcomer Abelardo De La Espriella as president, accelerating a rightward

No maps, no insurance: Michigan floods expose lack of information, preparation in many rural areas

Many homeowners hit by devastating Michigan floods had no insurance and no idea they were at risk — underscoring vulnerabilities throughout rural America as climate change causes more extreme weather

US FDA reverses course on Regenxbio's rare-disease gene therapy, backs accelerated approval bid

Regenxbio said on Monday the U.S.

Amazon Prime Day to gauge US consumer strain as focus shifts to basics

Amazon Prime Day starting on Tuesday will be a litmus test of U.S. shoppers' spending power, with the earlier-than-usual sales event

Crimea suspends children's summer camps as Ukraine strikes squeeze fuel supplies

Russian-held Crimea, a popular destination for Russians, has suspended tourist activities and children's summer camps until September, its governor said on Monday, owing to

Chevron signs power supply deal with Microsoft for Texas data center

Chevron said on Monday it has signed an agreement with Microsoft to develop a co-located facility that would provide natural-gas fired power to the technology giant's data center

AbbVie sharpens immunology focus with $10.9 billion Apogee deal

AbbVie said on Monday it would buy Apogee Therapeutics for $10.9 billion, the company's largest buyout in more than five years, as it seeks to bolster its

Goldman Sachs says EV surge may cut oil demand by late 2027

Goldman Sachs said accelerating electric vehicle adoption following a Hormuz-related oil supply shock could trim global oil demand by up to 0.32 million barrels per day by late

Alan Greenspan, former head of Federal Reserve, dies at 100

Alan Greenspan, former head of Federal Reserve, dies at 100

EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits

EV maker Lucid Group said on Monday it would cut about 18% of its U.S. workforce and announced COO Marc Winterhoff had left the company, marking its second major executive change

ECB chief Lagarde plays down second-round inflation worries

The inflation shock facing the euro zone is too large to ignore but not yet large enough to push up longer-term price bets or generate dangerous second-round price

Wall St subdued at open as investors weigh US-Iran negotiations

Wall Street's major indexes were muted at open on Monday, with investors taking a breather after returning from Friday's public holiday while awaiting further developments in U.S.-

US authorizes Iranian oil sales amid talks on final peace deal

The United States authorized Iranian oil sales on Monday, easing decades-old sanctions as it pushes toward a final peace deal with Tehran in return

Upscale AI valued at $2 billion after funding extension

AI networking infrastructure firm Upscale AI said on Monday it had raised a $190 million extension to its early-stage funding round, bringing its valuation to $2 billion.

Qatar says gas export terminal blast killed 13 as workers tried to resume operations

Qatar’s energy minister says an explosion killed at least 13 people and injured 66 at a key gas export terminal

In deep-red Idaho, even Republicans break with Trump on farm labor

A statewide survey finds majorities in farm country at odds with the deportation push reshaping their workforce.

Britain's economic woes fuel discontent with Brexit a decade after historic vote to leave EU

Simon Boyd’s firm makes prefabricated steel structures on the south coast of England and ships them to customers as far away as Ghana and Barbados

Why many older Americans are losing ground even with an 80-year-old president

Federal policy changes are likely to make life harder for many Americans of modest means as they age.

What happens if North Carolina does not pass a new budget by the June 30 deadline?

What happens if North Carolina does not pass a new budget by the June 30 deadline?

Elected on a promise of better times, Keir Starmer failed to deliver the change Britain wants

Elected on a promise of better times, Keir Starmer failed to deliver the change Britain wants

EU courts Brazil as strategic partner in global race for critical minerals

The European Union is turning to Brazil as a strategic partner in its push to diversify its critical mineral supplies, offering a deal that it

A decade of chaos: Britain prepares for seventh prime minister

British Prime Minister Keir Starmer said he would quit on Monday, paving the way for the country to have its seventh leader in 10 years. 

Pope Leo decries leaders who 'feed' wars while millions go hungry

World leaders are "feeding" wars instead of the hungry, Pope Leo said on Monday, telling the U.N. food aid agency that global priorities were badly skewed.

Three ways Trump could get a stake in AI firms for the US 

U.S.

EU reassesses whether to hold July UK summit after Starmer resignation announcement

The European Union is reassessing whether to hold a summit with Britain as planned on July 22 after British Prime Minister Keith Starmer said he would resign, a European

German industry association BDI cuts 2026 growth forecast, urges reforms

Germany's industry association BDI sharply lowered its growth outlook for 2026 on Monday and warned that the country's industrial base remains under

Seventh in a decade

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Hopes for a gentle off-ramp to the U.S.-Iran war were always a bit

Romania's nominated PM fails confidence vote in parliament, political crisis deepens

Romania's Prime Minister-designate Adrian Vestea failed to win parliament's vote of confidence late on Monday after the far-right  opposition refused to

Uber-backed Lime seeks up to $1.66 billion valuation in US IPO

Uber-backed Lime is seeking a valuation of up to $1.66 billion in its U.S.

Elon Musk-led SpaceX's first week as a public company sparks market mania

SpaceX's record-breaking IPO fueled a trading frenzy in its first week as a public company, with its shares surging as retail investors and options traders rushed to bet on the

Miner Sinda kicks off US IPO roadshow with $1.97 billion valuation target

Silver miner Sinda on Monday launched its U.S. initial public offering roadshow, targeting a valuation of up to $1.97 billion and contributing to what is shaping up to be a busy

Andy Burnham: The charismatic mayor who’s likely to be Britain’s next prime minister

Andy Burnham: The charismatic mayor who’s likely to be Britain’s next prime minister

German state election draws Bauhaus into AfD culture war

A century after its birth as a

Oaktree-backed ITG targets $2.7 billion valuation in US IPO

Digital infrastructure company ITG is targeting a valuation of up to $2.67 billion in its U.S. market debut, joining a string of issuers rushing to capitalize on AI-driven demand

US curbs on AI spur European firms to spread the risk

Limits on access to some U.S. artificial intelligence services are pushing major European companies

Nonprofit takes aim at Colorado's growing mountain pine beetle problem one tree at a time

Nonprofit takes aim at Colorado's growing mountain pine beetle problem one tree at a time

Trump’s Iran agreement embraces sanctions relief, a policy he and his team once denounced

Trump’s Iran agreement embraces sanctions relief, a policy he and his team once denounced

Talks between Iran and US concluded successfully, Pakistan PM says

Talks between Iran and the U.S. have concluded successfully in Switzerland, Pakistani Prime Minister Shehbaz Sharif said on Monday.

India in talks to sell supersonic BrahMos missile to UAE, sources say

The Indian government is in talks with the UAE to sell some of its flagship defence systems, including the supersonic cruise missile

Unloved Starmer quits as UK PM after just two years

Keir Starmer was once hailed as the leader who would bring pragmatism and stability to Britain after years of political chaos.

Japan's FX messaging keeps markets on edge over yen intervention risk

Japanese financial authorities kept markets guessing about possible currency intervention on Monday, with the lack of clear signals suggesting a potential

Standard Chartered 'overweights' Asia ex-Japan; favours Taiwan, China on AI, earnings

Standard Chartered said on Monday it favours Asia ex-Japan equities, particularly Taiwan and China, as strong earnings prospects, AI-driven investment

Canadian lender TD tells some employees it will use software to monitor their work

Toronto-Dominion Bank told some employees working in its financial crimes and risk management team that it would run software to track their work,

This upstart launched 35 ETFs in a day - and doesn't plan to slow down

It took more than a decade for BlackRock, the world's largest issuer of exchange-traded funds, to launch its first 300 products.

India seeks tariff advantage over peers in push to finalise US trade deal

The top U.S. trade diplomat will visit India on Tuesday for two-day talks, with New Delhi pushing for a trade pact on terms

EasyJet rejects $6.3 billion bid as Castlelake makes takeover proposal public

Castlelake made public its £4.74 billion ($6.26 billion) takeover plan for easyJet on Monday, ramping up pressure on the board of the budget airline, which promptly

Climate fight will not stall because certain countries drop out, China says

Global cooperation to tackle climate change will not stall because of the absence of certain countries, China's environment minister told a meeting of

Ten years on, Britain counts the cost of Brexit

Ten years on, Britain counts the cost of Brexit

Germany plans to take 40% in Leopard tank maker KNDS, joining France as stakeholder

The German government says it intends to take a 40% stake in defense contractor KNDS, whose products include Leopard and Leclerc tanks, as it tries to strengthen European production along with NATO ally France

AI boom's US employment, wage impact muted so far, ECB study finds

A boom in the use of artificial intelligence may displace some workers, but the overall effect on aggregate employment or wages in the U.S. has been muted so far,

European shares close higher on US-Iran talks; UK's Starmer resigns

European shares edged higher on Monday as investors assessed the latest round of U.S.-Iran negotiations for signs of progress

Airline ticket prices may stay high as carriers bank fuel relief from Iran deal

Airlines stand to save billions of dollars on jet fuel after an interim U.S.-Iran peace deal sent oil

Ukraine to decide who represents Europe in Russia talks, Zelenskiy says

Ukraine will decide who represents Europe in any negotiations with Russia, President Volodymyr Zelenskiy said in an interview with Ukrainian media published late on Sunday.

SK Hynix overtakes Samsung to become South Korea's most valuable company

SK Hynix on Monday overtook Samsung Electronics to become South Korea's most valuable listed company, marking a dramatic reversal of fortunes for a

Australia and Canada sign a $1.75B deal to build long-range radar in Canada

Australia and Canada have signed a $1.75 billion export agreement to build an Australian-designed long-range radar system in Canada

WiseTech shares tumble on news reports police are investigating founder White

Shares of WiseTech

Any progress is good with Hormuz at stake

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

Global business leaders back faster electrification shift

MORE THAN 100 COMPANIES INCLUDING NESTLE, UBER URGE GOVERNMENTS TO MAKE ELECTRIFICATION CENTRAL TO ECONOMIC STRATEGY Companies including Nestle and Ikea on

SK Hynix dethrones Samsung Electronics as South Korea's most valuable company

The market value of South Korean chipmaker SK Hynix briefly topped that of peer Samsung Electronics on Monday to make it the country's most valuable firm.

Australia sells advanced radar technology to Canada in record $1.7 billion deal

Australia said on Monday it will sell advanced radar technology capable of detecting long-range missiles to Canada under a A$2.5 billion ($1.75 billion) agreement, the

Bolivia crisis begins easing, air force jet on assistance flight crashes

A day of fragile gains in Bolivia saw major protest roadblocks cleared for the first time in weeks on Sunday, but progress was overshadowed by the crash of a military

Who is Abelardo De La Espriella, Colombia's new right-wing president?

Colombia elected nationalist lawyer Abelardo De La Espriella as its new president on Sunday,

The Latest: Iran says 'major progress' to end Lebanon war during talks

High-level negotiations in Switzerland seeking a permanent end to the Iran war ended with lower-level talks planned for the rest of the week

US-Iran negotiations end, technical talks will continue after Trump shakes talks with threats

High-level negotiations in Switzerland seeking a permanent end to the Iran war have ended

Lime plans to name Uber as anchor investor in IPO, The Information reports

Lime, which operates an electric bike and scooter network, plans to name ride-hailing firm Uber as an anchor investor in its U.S. initial public offering, The Information reported

USDA reports three new cases of screwworm, bringing total to 15

The number of U.S. cases of New World screwworm has risen to 15 after three more animals tested positive in Texas, the Department of Agriculture said in a post on social media on

Two South Korean-operated vessels passed through Strait of Hormuz after MOU signed

Two vessels operated by South Korea passed through the Strait of Hormuz after the U.S. and Iran signed a memorandum of understanding on a ceasefire agreement last week,

Colombian right-wing candidate De La Espriella wins tight presidential race

Colombian right-wing candidate Abelardo De La Espriella has clinched a narrow victory in Sunday's presidential

Stocks slip in Asia, oil up on peace doubts

Most share markets slipped in Asia on Monday as doubts about the Middle East peace process sent oil prices and bond yields up again, leading investors to

China keeps lending benchmark LPRs unchanged for 13th month in June

China left benchmark lending rates unchanged for the 13th consecutive month in June on Monday, in line with market expectations.

Trump says Starmer ‘will resign’ amid speculation UK PM could quit as soon as Monday

Trump says Starmer ‘will resign’ amid speculation UK PM could quit as soon as Monday

AI regulation is a mess, and Anthropic is caught in the crosshairs

AI regulation is a mess, and Anthropic is caught in the crosshairs

Economists have long pushed for prediction markets. The reality is not what they’d hoped for

Economists have long pushed for prediction markets. The reality is not what they’d hoped for

Iran's Tasnim news agency says Hormuz will not reopen until Lebanon ceasefire holds, oil waivers issued

Iran's Tasnim news agency, citing a source close to the negotiating team, reported on Sunday that the Strait of Hormuz would not be reopened as long as a ceasefire in Lebanon was

After the fracture: how Britain's financial industry recovered from Brexit

In the buildup to 2016's Brexit referendum, JPMorgan CEO Jamie Dimon said the U.S. bank could shift 4,000 jobs from

What the Iran war cost the Pentagon, the economy — and Trump

What the Iran war cost the Pentagon, the economy — and Trump

Ukrainian attacks prompt Russian-held Crimea to halt civilian gasoline sales

Officials in Russia-occupied Crimea have suspended civilian gasoline sales as Ukraine increases attacks on fuel supplies

Yoghurt wars: Danone-Chobani clash underscores wider protein battle

Danone's lawsuit against Chobani over protein claims makes it clear the French dairy company sees its U.S. rival as a threat in one of the few food

Trump says no toll on Strait of Hormuz unless US imposes one

U.S.

Iran claims the Strait of Hormuz is closed again. Few ships were leaving in the first place

Iran claims the Strait of Hormuz is closed again. Few ships were leaving in the first place

Bolivia’s president declares a state of emergency as road blockades choke supplies

Bolivian President Rodrigo Paz has declared a state of emergency to empower the military to remove road blockades

Obama Presidential Center's Black-owned construction companies hope for lasting legacy

Obama Presidential Center's Black-owned construction companies hope for lasting legacy

Bolivia on edge after Paz declares emergency to clear protest gridlock

Tensions soared in Bolivia on Saturday after President Rodrigo Paz declared a state of emergency, allowing security forces to begin clearing

Europe swelters under heatwave, France restricts alcohol consumption

A punishing heatwave sweeping across much of Europe prompted a partial alcohol ban in France, nationwide warnings in Germany and the closure

Trump doubles down on feud with Italian Prime Minister Meloni, insisting she asked for G7 photo

Trump doubles down on feud with Italian Prime Minister Meloni, insisting she asked for G7 photo

From New York to Seattle to DC, more cities are picking democratic socialist leaders

From New York to Seattle to DC, more cities are picking democratic socialist leaders

Bolivia’s president declares state of emergency over blockade crisis

Bolivia’s president declares state of emergency over blockade crisis

DHS scraps plans to turn Georgia warehouse into detention mega center, city says

DHS scraps plans to turn Georgia warehouse into detention mega center, city says

Bangladesh's premier looks to China, Malaysia for investment, jobs in first trip

Bangladesh’s Prime Minister Tarique Rahman will embark on his first overseas trip since taking office on Sunday, visiting Malaysia and China in a mission aimed

Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates

The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy

Congress wonders as the Iran war draws to a close: Was it worth it?

The question hangs in the halls at the Capitol: Was the war with Iran worth it

Inside Trump’s mad dash to sign an agreement with Iran

Inside Trump’s mad dash to sign an agreement with Iran

A top banker tried to sway Pope Leo XIV on rare earth mining

The head of Latin America’s top development bank has made a case to Pope Leo XIV about the potential of rare earth mining

Porsche CEO aims to finalise new cost-cutting package by July, FAS reports

Porsche CEO Michael Leiters expects a swift conclusion to negotiations on a second cost-cutting package at the German sports car maker, according to an interview with Frankfurter

Iranian Guards' business empire to win big if U.S. sanctions lifted

Emerging outlines of a deal between Washington and Tehran to end their war contain a stinging paradox: sweeteners to coax Iran into

Japan to target $2.3 trillion public-private investment by 2040, Nikkei reports

Japan plans to set a target of about $2.3 trillion in combined public and private investment by 2040 across 17 strategic sectors as part of Prime Minister Sanae Takaichi's

Bolivia signs deal with labor union after 50 days of anti-government protests

Bolivian President Rodrigo Paz on Friday reached a deal with the Bolivian Workers' Confederation (COB), a step toward resolving a

US appeals court blocks Trump admin from enacting new plans to slash consumer watchdog staff

A federal appeals court on Friday blocked the Trump administration's plans to immediately slash the workforce at the U.S.

Cuba pushes through sweeping free-market reforms in biggest economic shift since the revolution

Observers are calling Cuba’s new free-market reforms the most sweeping economic overhaul on the island’s communist economy since the Cuban revolution while the grandson of former President Raúl Castro says in an interview that Cuba must seek to move its economy forward

Canadian billionaire Frank Stronach found guilty of sexual assault, indecent assault

Canadian billionaire businessman Frank Stronach was found guilty on Friday of one count of sexual assault and one count of indecent assault, in a

Qantas' highly anticipated "Project Sunrise" nears conclusion

Australia's national carrier will soon fly from Sydney to London and Sydney to New York. Richard Quest explains why that's so significant.

DOJ rebuffs judge’s request for Blanche to declare in court that anti-weaponization fund is dead

DOJ rebuffs judge’s request for Blanche to declare in court that anti-weaponization fund is dead

African, Caribbean states back slavery reparations plan at Ghana meeting

African and Caribbean nations on Friday demanded formal apologies from countries that benefited from transatlantic slavery, as well as debt relief and

Cubans greet sweeping market reforms with hope, doubt and fatigue