Economy

Thief rips airbag out of Chevy Trailblazer, leaves owner with $2K repair bill

Thief rips airbag out of Chevy Trailblazer, leaves owner with $2K repair bill

Whirlpool has been rattled by rising costs and that now means higher prices for customers

With the war in Iran and economic concerns putting pressure on consumers and how they spend their money, Whirlpool is having to adjust to Americans delaying big-ticket purchases while also raising prices to help stabilize its North American business

Republican Sen. Susan Collins discloses her longtime tremor after scrutiny in Maine's Senate race

Republican Maine Sen. Susan Collins says she has long had a condition called an essential tremor

Fed's Hammack says rates likely on hold 'for quite some time' amid elevated inflation

By Michael S.

Germany's tax experts cut revenue forecast, adding pressure on strained budget

Germany's council of tax experts cut its forecast for tax revenues over the next five years, heaping more pressure on a government already

US targets Iraq oil official and militias with sanctions for aiding Iran

The U.S. imposed sanctions on Thursday on Iraq's deputy oil minister and militias over support for Iran, the Treasury Department said.

Airbus April deliveries at 67, trails year-ago

Airbus said it delivered fewer aircraft in the year to April than in the same period a year earlier, underscoring the pressure on the European planemaker to accelerate handovers to

British voters have spoken in local elections seen as a verdict on Keir Starmer's leadership

British voters have cast ballots in local and regional elections that could determine the fate of Prime Minister Keir Starmer

After outcry, NJ Transit reduces round-trip ticket price to World Cup games

After outcry, NJ Transit reduces round-trip ticket price to World Cup games

A couple is working to protect a vital resource in a Texas village

A couple is working to protect a vital resource in a Texas village

WNBA’s new CBA sets blueprint as emerging women’s leagues chart their own path

The WNBA’s landmark new collective bargaining agreement is setting a higher standard for player pay and benefits, offering a roadmap for emerging women’s leagues like the WPBL, PWHL and WER

US construction spending rebounds in March

U.S. construction spending rebounded in March, boosted by a surge in single-family homebuilding, but higher mortgage rates could limit further gains.

Coach parent sees muted quarterly revenue growth, shares slip

Tapestry said on Thursday it expects subdued revenue growth in the current quarter and margin pressure across its brands, adding to concerns around weak luxury

NY Fed finds stability in longer-run inflation views in April

By Michael S.

Blackstone, BlackRock cut value of their private credit funds

Asset managers Blackstone and BlackRock cut the value of their private credit funds in the first quarter, they said on Thursday, citing markdowns on troubled loans to

McDonald's sees weak start to Q2 as high gas prices dent consumer sentiment

McDonald's CEO Chris Kempczinski said on Thursday higher gas prices linked to the Iran war were disproportionately hurting low‑income consumers, as the burger chain

Whirlpool shares hit 14-year low after slashing annual targets, suspending dividend

Whirlpool shares plunged to their lowest in more than 14 years on Thursday, after the home appliance maker slashed its full-year profit forecast

19 members of the WTO, including US, agree among themselves not to impose duties on e-commerce

The U.S. and more than a dozen other countries including Japan, South Korea, Singapore and Australia on Thursday launched their own pact to not impose

'Our spirit has been taken from us': Former Spirit Airlines employee fighting cancer faces uncertain future

'Our spirit has been taken from us': Former Spirit Airlines employee fighting cancer faces uncertain future

2 Southwest planes clip each other at BWI airport

2 Southwest planes clip each other at BWI airport

McDonald's focus on value lifts first-quarter sales, but company says gas prices could dent demand

McDonald’s posted better-than-expected sales in the first quarter but said high gas prices and consumer anxiety could dent sales this spring

These numbers show the global impact of Iran's grip on the Strait of Hormuz

Iran’s grip on the Strait of Hormuz has jolted the world economy

Citigroup targets stronger profitability as CEO Fraser drives overhaul

Citigroup laid out stronger profitability targets for the next two years at its investor day on Thursday, as CEO Jane Fraser

US labor market stable as layoffs remain low

The number of Americans filing claims for unemployment benefits rose moderately last week amid low layoffs, underscoring labor market stability and

Blackstone cuts value of private credit fund in first quarter

Asset manager Blackstone cut the value of its private credit fund Blackstone Secured Lending Fund in the first quarter, it said on Thursday.    

Dollar firms as Middle East tensions keep investors on edge

The dollar erased early losses to trade with a firm tone against most major currencies on Thursday as investors weighed hopes for a de-escalation in

S&P 500, Nasdaq touch fresh peaks as oil retreats further

The S&P 500 and the Nasdaq touched record highs on Thursday as oil prices plunged further on hopes of a U.S.-Iran peace agreement that could potentially normalize crude supplies

Germany's OHB to consider legal action if EU clears Airbus, Thales, Leonardo satellite merger

German satellite maker OHB will consider legal action if EU antitrust regulators approve a planned merger of the satellite businesses of Airbus, Thales and

From cricket’s capital to Olympic ambitions, India’s next play on the world sports stage

India is expanding its influence in international sports, with the 2030 Commonwealth Games set for Ahmedabad and a bid for the 2036 Olympics in the same city

Indian seafarers endured nightly blasts, lack of food in Iran war ordeal

Nightly explosions of drones and missiles terrified Indian sailor Tithi Chiranjeevi after his ship was stranded in Iran for more than a month by the Strait

Papa John's misses quarterly results estimates as living costs soar

Papa John's International missed expectations for first-quarter revenue and profit on Thursday as the pizza chain failed to draw diners, especially in its U.S. market, at a time when

Novo and Lilly gain on signs weight-loss pills could expand the market

Early data from weight-loss pills are lifting shares in Novo Nordisk and Eli Lilly as investors bet that easier-to

Wall Street banks plan final push on capital rules

Wall Street banks will push again to shrink capital charges on credit card lines and globally important U.S. lenders as they make a final bid to win

Cheniere reports Q1 loss but raises 2026 outlook on higher LNG output, margins

Cheniere Energy said on Thursday that Middle East supply disruptions were tightening global LNG markets and increasing competition for flexible U.S

Congo president raises prospect of third term and vote delay, angering opposition

Democratic Republic of Congo President Felix Tshisekedi said he was open to standing for a third term, angering opposition politicians who accused him of

US productivity slows further in first quarter

U.S. worker productivity growth slowed further in the first quarter, but a reversal was likely as businesses invest heavily in artificial intelligence.

What's included in talks to end the Iran war and reopen Hormuz?

LONDON, May 7 - With the standoff over the frozen Iran war threatening a global economic meltdown, Washington and Tehran have scaled back their efforts to agree a comprehensive peace deal and now seek

Chile central bank weighed rate hike in April amid global uncertainty, minutes show

Policymakers at Chile's central bank considered the option of raising interest rates at their April meeting amid global uncertainty stemming from the U.S.-Israeli war on

Canada is kicking its US booze habit as trade tensions persist

Canada’s shunning of beer, wine and spirits from the US is a textbook example of how market access for politically exposed goods can quickly unravel.

US jobless claim applications rise to 200,000 but remain historically low despite economic headwinds

U.S. jobless claim applications rose last week but remain at historically low levels despite elevated inflation and other economic headwinds

What everyone is missing about Mamdani’s plan to tax Ken Griffin’s $238 million penthouse

What everyone is missing about Mamdani’s plan to tax Ken Griffin’s $238 million penthouse

Tensions over pro-Israel lobbying group highlight rifts in Democratic primaries

A growing number of Democratic primary challengers are making opposition to the American Israel Public Affairs Committee a campaign issue as they seek to

Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz

With their location trackers shut off to avoid Iranian attacks, the United Arab Emirates and buyers have recently sailed several

Brazil senator targeted with search warrant as Banco Master probe widens

Brazil's federal police on Thursday served a search and seizure warrant on Senator Ciro Nogueira as part of a widening probe into now-defunct lender Banco

Kenvue beats first-quarter estimates amid pending acquisition by Kimberly-Clark

Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands.

EV maker Polestar's quarterly loss widens as tariffs, pricing pressure weigh on margins

Sweden's Polestar reported a bigger first-quarter loss on Thursday, as pricing pressure and U.S. tariffs offset stronger sales, sending its

Shake Shack swings to quarterly loss, names new CFO; shares fall 20%

Fast food chain operator Shake Shack on Thursday swung to a quarterly loss and missed revenue estimates, sending its shares down 20% in premarket trading.

Americold forms cold storage joint venture with investment firm EQT

Americold Realty Trust said on Thursday it has formed a joint venture with investment firm EQT's Active Core Infrastructure fund that would focus on cold-storage warehouses in North

Iran war to accelerate China's shift to electric trucks from diesel

The jump in diesel prices triggered by the Iran war is expected to accelerate electrification of China’s heavy truck fleet this year, analysts

The Pentagon is delaying wind power development — even on private land

The Pentagon is delaying wind power development — even on private land

Moody's sees South Africa debt stabilizing as reforms boost outlook

By Colleen Goko JOHANNESBURG, May 7 - South Africa's improving fiscal performance and reform momentum should help government debt stabilise this year before gradually declining, Moody's Ratings said

Japan may have spent $32 billion in additional yen-buying intervention

Japan may have spent as much as 5.01 trillion yen ($32.06 billion) in its latest efforts to bolster its embattled currency, central bank data

Asia's tech giants give AI bull run a new centre of gravity

Just as the world's AI bulls looked to be running out of puff, a fresh investor frenzy has hit Asia's tech names, making Seoul's stock

UK voters cast ballots in elections expected to deal blow to Starmer

Millions of British voters cast their ballots on Thursday in local and regional elections that are expected to deal a huge blow to Prime Minister Keir

Wall Street bonuses seen flat to slightly positive in 2026 as Iran war and private credit turmoil hurt

Wall Street bonuses are likely to be flat to slightly positive in 2026, as geopolitical tensions due to the Iran war and the private credit turmoil could

Maersk says energy crunch to persist even if Iran peace deal struck

Shipping group Maersk warned on Thursday that the Iran war had pushed its fuel costs up by nearly $500 million a month and that the

ASEAN presses for joint response to Iran war fallout as energy crisis weighs

The fallout of the Middle East crisis took centre stage at meetings of the Southeast Asian bloc ASEAN on Thursday, with

Russia says Armenia is being dragged into EU's 'anti-Russian orbit'

Russia's Foreign Ministry said on Thursday that Armenia was being drawn into what it described as the European Union's "anti‑Russian orbit".

Chip frenzy goes global

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The chip boom goes on, with Asia seeing rolling catchups to this

Canadian dollar forecasts more bullish as geopolitical risk ebbs: Reuters poll

The Canadian dollar is expected to give back some recent gains against its U.S. counterpart in the coming months, but could resume its uptrend if economic

US senators urge stability, cooperation between US, China

A delegation of U.S. senators visiting Beijing has called for stability and peaceful cooperation between the world's two largest economies a week before the countries'

Doordash shares jump after strong quarterly forecast on food, grocery delivery demand

Doordash shares jumped 11% in premarket trading on Thursday, as demand for its food and grocery services helped the company forecast strong total order value for the second quarter

A small town in Germany braces for end to decades of life with US troops

The picturesque Bavarian town of Vilseck has hosted U.S. forces since the end of World War Two and could bear the brunt of President Donald Trump's

The Trump administration is trying to divert $2 billion in global health funding to pay for USAID shutdown

The Trump administration is trying to divert $2 billion in global health funding to pay for USAID shutdown

Republicans once saw Michigan as ripe for a takeover, but the mood is shifting

Michigan Republicans once viewed 2026 as their best chance to reclaim power in the battleground state

‘I am trying to stay alive.’ Jobs at mom-and-pop shops are disappearing

‘I am trying to stay alive.’ Jobs at mom-and-pop shops are disappearing

Emirates' cash reserves, fuel hedging help airline ride out Iran war turmoil

Emirates airline has the financial muscle to withstand higher jet fuel prices and disruption from the Iran war, the Gulf carrier said on

Tesla's China-made EV sales jump 36% in April, extending rebound

Tesla's China-made EV sales jumped 36% on the year in April, a sixth month of gains, as the U.S. automaker fights to hold ground against a wave of cheaper Chinese rivals.

What's at stake at the Trump-Xi summit

U.S.

UK builders hit by biggest surge in cost inflation in nearly four years

British builders saw one of the biggest month-on-month jumps in cost inflation on record in April, according to a survey on Thursday that also showed the Iran war increased

European shares pull back as Mideast peace prospects assessed

European shares slipped on Thursday after a steep rally in the previous session, as investors assessed progress towards a U.S.-Iran peace deal that

Shell's profit beats expectations at $6.9 billion, raises dividend by 5%

Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to

German investor morale in Hungary improves in post-election survey

German investor morale in Hungary has improved after an April 12 election, in which incoming prime minister Peter Magyar ousted right-wing leader Viktor

China may try 'manoeuvring' over Taiwan issue at Trump meeting, official says

China may try some "manoeuvring" over the Taiwan issue when U.S.

Japan to keep intervening to defend 160-per-dollar level, ex-BOJ official says

Japan likely intervened during the Golden Week holidays and will step back into the market if the yen renews its slide below the psychologically key 160-per-

Support for Germany's far-right AfD soars in eastern state ahead of vote

Germany's Alternative for Germany (AfD) is on track to become the strongest party in an eastern state election in September, a poll showed on Thursday, raising the prospect

Britain's JD Sports says Nike's Hill 'doing a great job'

Nike CEO Elliott Hill got a vote of confidence from one of its largest customers, British sportswear retailer JD Sports, whose boss said on Thursday he was "doing a great job

Japan keeps US close as it signals unlimited yen defence

Japan faces no constraints on how often it can intervene in currency markets and is in daily contact with U.S. authorities, its top

Market rebound: Why some stocks are looking past the Iran war

Market rebound: Why some stocks are looking past the Iran war

Fed officials are growing anxious about the Iran war

Fed officials are growing anxious about the Iran war

AirAsia bets big on efficiency with order for 150 Airbus A220 jets listed for $19 billion

Budget airline AirAsia has announced an order for 150 Airbus A220-300 jets, valued at about $19 billion at list prices

As Trump-adjacent populism surges in Australia, Pauline Hanson cashes in

A few months before Australia's conservative Liberal Party suffered its worst election defeat last May, Sydney stockbroker Angus

German industrial orders surge in March as firms brace for more Iran war pain

German industrial orders rose more than expected in the first month following the outbreak of the Iran war, even when excluding volatile

Euro zone's integration fails to reach stock markets, ECB says

Euro zone financial integration has made steady progress in the past few years but the region's equity markets remain stubbornly fragmented, lagging behind advances in

Solomon Islands PM ousted after losing confidence vote

Solomon Islands Prime Minister Jeremiah Manele was ousted from power on Thursday after losing a confidence vote in the country's parliament. 

China signals again that Taiwan is a priority ahead of Trump-Xi meeting

China is signaling that Taiwan will be a priority ahead of a summit between U.S. President Donald Trump and China's President Xi Jinping next week

Tech is betting on a former executive in the race for California governor

Tech leaders are betting on a former executive to take the lead in the California governor's race

No stopping AI frenzy in Asia

A look at the day ahead in European and global markets from Ankur Banerjee Japan's Nikkei returned from holiday and jumped onto the scorching AI rally, joining South Korea and Taiwan equities at

Once the city of peace, Geneva sees the United Nations' presence fade

When in 1937 the League of Nations vacated the 225-room Palais Wilson in Geneva, the global intergovernmental body created to preserve peace

China’s youth are ditching the rat race, and its spies say foreign countries are to blame

China’s youth are ditching the rat race, and its spies say foreign countries are to blame

US and Iran closing in on agreement aimed at ending war, source says

US and Iran closing in on agreement aimed at ending war, source says

Japan's Nikkei blazes past 63,000 on earnings, Iran peace optimism; JGBs rally

Japan's Nikkei share average shot to a record high on Thursday and the nation's bonds rallied as financial markets reopened after holidays,

China asks banks to pause new loans to US-sanctioned refiners, Bloomberg News reports

China's financial regulator has advised the country's largest lenders to temporarily suspend new loans to five refineries recently sanctioned by the U.S. over their ties to Iranian

Hopes for reopening the Strait of Hormuz push Asian shares higher, as oil prices hold above $100

Asian shares are sharply higher, with Tokyo's Nikkei 225 up 6%

Space analytics firm HawkEye raises $416 million in US IPO

Space analytics firm HawkEye 360 has raised $416 million in its U.S. initial public offering, the company said on Wednesday.

OECD sees fragile New Zealand recovery; warns on energy, ageing and capital-market gaps

New Zealand's economy is in the early stages of a recovery after more than two years of weakness, but the OECD warns the rebound is fragile and exposed to renewed

Chief Justice John Roberts says Supreme Court is not political

Chief Justice John Roberts says Supreme Court justices are not “political actors.”

Justice Department targets slow immigration judges as Trump pushes faster deportations

Acting Attorney General Todd Blanche says the Justice Department is working to remove immigration judges who are slow or not following the law

BOJ debated need for rate hike if energy shock persists, minutes show

Many Bank of Japan board members saw the need to raise interest rates if the Iran war-driven energy shock is prolonged and gives rise to concerns over second-

Chinese exporters 'numb' to US threats as Trump set to visit

President Donald Trump's visit to Beijing this month is none of her business, says

Blue Owl private credit fund cuts dividend as borrowing costs rise

A Blue Owl Capital publicly traded private credit fund cut its

Iran reviewing US proposal to end war, though key demands remain unaddressed

Iran said on Wednesday it was reviewing a U.S. peace proposal that sources said would formally

U.S. President Trump's renewed trade war with China

U.S. President Donald Trump is set to meet Chinese President Xi Jinping in May on his first visit to China in eight years.

UK private sector pay awards held at 3.5% in 3 months to March, IDR survey shows

Median annual ​pay ⁠settlements offered by British private ​sector employers held steady in March, according to ​a ‌survey published a week after the Bank of England left

European Union trade committee chair says deal with US still needs work

European Union lawmakers are making progress toward an agreement on legislation underpinning the EU-U.S. trade agreement, but "there is still some way to go," the EU parliament's

Trump administration sows confusion as it tries to reopen Strait of Hormuz

In 24 hours, the Trump administration’s stance on the Iran war has pinballed from declarations that a tenuous ceasefire was holding and military operations were over to new threats of bombing the Islamic Republic

Cuba blasts 'dangerous' US threats of military action against island

Cuba's top officials blasted a growing litany of U.S. statements and threats of military action against the Caribbean island, calling them dangerous and an

Trading Day: A peace wish and chips

Hopes that a U.S.-Iran peace deal might be imminent propelled global stocks to new highs and sent oil prices tumbling on Wednesday, with the U.S.

Basis stays steady as cold and drought threaten crops

Basis bids for hard red winter wheat remained flat in the southern U.S. Plains on Wednesday while merchandisers eyed the risk for cold weather to hurt drought-hit crops.

Snap flags ad revenue hit from Middle East conflict, slower North America growth

Snap said on Wednesday its first-quarter advertising revenue was impacted by the conflict in the Middle East and slowing growth in North America, sending its shares

Betting giant Flutter overhauls management at US FanDuel unit

Betting giant Flutter made major management changes at its U.S.

DoorDash forecasts quarterly order value above estimates on resilient delivery demand

DoorDash on Wednesday forecast second-quarter marketplace gross order value above analysts' estimates, helped by resilient demand for delivery services and the

Trump brothers-backed American Bitcoin narrows loss on stronger mining revenue

American Bitcoin, backed by two of U.S. President Donald Trump's sons, reported a narrower first-quarter loss on Wednesday, helped by stronger revenue from Bitcoin mining.

Nutrien posts higher profit as prices rise, flags tight nitrogen supply

Canada's Nutrien reported a rise in first-quarter profit on Wednesday, benefiting from higher sales and prices across its fertilizer segments, with the world's top potash producer

Arm forecasts higher-than-expected revenue on surging AI data center demand

Arm Holdings forecast first-quarter revenue above Wall Street expectations on Wednesday, benefiting from higher adoption of its chip technology as tech companies spend heavily on

Lawyers at M&A law firms among 30 charged by US in insider trading scheme

Federal prosecutors on Wednesday announced they charged 30 people with participating in an insider trading scheme in which attorneys passed

Beyond Meat forecasts muted second-quarter sales on weak demand

Beyond Meat forecast current-quarter revenue below Wall Street expectations on Wednesday, as it grapples with sluggish demand for its once-iconic plant-based products. 

Lutnick faces lawmakers’ questions for more than 4 hours over past Epstein ties

Lutnick faces lawmakers’ questions for more than 4 hours over past Epstein ties

Brazil’s Lula to discuss fighting organized crime, tariffs in Trump meeting

Brazilian President Luiz Inácio Lula da Silva plans to discuss organized crime and tariffs with U.S. President Donald Trump, according to Brazil’s finance minister

DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring

DoorDash said Wednesday it expects to spend more than $50 million in the second quarter on gas price relief for its delivery drivers

Insurer MetLife's quarterly profit jumps on strong Asia demand

MetLife reported a jump in first-quarter profit on Wednesday, lifted by broad-based gains across its diversified business on the back of robust insurance demand.

India's Zee sues Reliance-Disney over alleged music copyright breach

India's Zee Entertainment has sued the Reliance-Disney joint venture, the country's biggest entertainment company, alleging it used Zee's copyrighted music

Oil prices slide on reports US and Iran are nearing peace agreement

Oil prices fell sharply to two-week lows on Wednesday as optimism grew about a possible end to the war in the Middle East, with reports the United States and

Apple settles lawsuit over late Siri AI features for $250 million

(In May 5 story, corrects paragraph 3 to reflect the case did not allege shareholder harm, but rather harm to class members who paid higher prices for their phones based on Apple's feature

JPMorgan tried to settle sexual assault claims before lawsuit, spokesperson says

JPMorgan Chase tried to reach a settlement with a former investment banker before he filed a lawsuit recently making sexual assault and harassment claims, a bank spokesperson said on

Fed's Goolsbee says Iran war impact looking more like an inflationary shock

The U.S.-backed war against Iran is looking increasingly like an inflationary shock to the economy, with little apparent impact yet on jobs and growth

Lutnick testifies he can't recall why his family lunched on Epstein's island

U.S.

US power grid operator PJM is considering market overhaul

PJM Interconnection, the largest U.S. power grid operator, said on Wednesday it is considering market changes that could reshape how electricity is bought

Albemarle's profit far exceed expectations as lithium prices rebound

Albemarle, the world's largest lithium producer, posted a quarterly profit on Wednesday more than double Wall Street's expectations due to rising prices and sales of the battery

Fed officials say rising supply chain risks fuel concern of more persistent inflation

Federal Reserve officials said on Wednesday the ongoing U.S.-backed war with Iran is raising the risk of a sustained inflation shock, with continued

Chime reports maiden quarterly profit on resilient consumer spending

(Corrects paragraph 8 to say purchase volume, including outbound instant transfer, increased 15% year-over-year to $40 billion, not 12% to $39 billion) By Pritam Biswas and Arasu Kannagi Basil May 6 (

What will it take to free the 1,600 ships stuck in the Strait of Hormuz?

What will it take to free the 1,600 ships stuck in the Strait of Hormuz?

Oil prices sink and stocks leap worldwide on hopes for a reopening of the Strait of Hormuz

Oil prices sank, and stock markets rallied worldwide with hopes that a deal is nearing to allow tankers to deliver crude from the Persian Gulf again

Recreational fishing in the US catches far more fish than previously estimated

Combining more than 15,000 reports from 36 states, researchers estimate that recreational fishing puts $3 billion worth of food on Americans’ tables each year.

Samsung says to discontinue China sales of some consumer electronics products

Samsung Electronics, a maker of TVs and home appliances, said on Wednesday that it has decided to discontinue sales of some consumer electronics products in mainland China

Stocks hit records on tech earnings, oil slide from prospect of Iran deal

Stocks surged to fresh records and oil prices dropped on Wednesday after a report that the United States and Iran are closing in on an

Fed's Goolsbee: AI success would be 'lovely,' but Fed would still need to watch for overheating

Even if artificial intelligence is as transformative as advertised the U.S.

S&P 500 and Nasdaq notch records; AMD results spark AI stock rally

The S&P 500 and the Nasdaq surged to record-high closes on Wednesday, buoyed by signs of a resolution in the Middle East conflict, while strong

In OpenAI trial, former technology chief says Altman sowed 'chaos,' distrust among top executives

A former OpenAI technology chief testified on Wednesday in Elon Musk's lawsuit that CEO Sam Altman sowed distrust among top executives

Brazil's billionaire Batista helped broker Lula–Trump meeting, source says

Brazilian billionaire Joesley Batista, one of the owners of meatpacker JBS, played a key role in arranging

Google offers changes to spam policy to avert EU antitrust fine

Alphabet's Google has offered to change its spam policy criticised by publishers, according to a European Commission document seen by

Mamdani’s ‘tax the rich’ slogan is ‘just as hateful’ as racial slurs, New York real estate titan says

Mamdani’s ‘tax the rich’ slogan is ‘just as hateful’ as racial slurs, New York real estate titan says

Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen

With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than two months into the Iran war

Chinese carmaker Geely buys Ford assembly facilities in Spain, local media reports

Chinese automaker Geely has purchased part of a Ford factory in Spain and plans to build one of its models there, Spanish trade publication La Tribuna de Automocion reported, citing

Gulf's fragile trade lifeline hangs on two eastern UAE ports

At the UAE port of Fujairah, conveyor belts offloaded grain from bulk carriers on Wednesday, while crude oil flowed

NextDecade sees Middle East conflict boosting long-term LNG ship charters

Ongoing conflict in the Middle East and other disruptions will lead to more companies hiring LNG ships under long-term contracts rather than on the spot

Fed's Goolsbee says rising productivity could restrain inflation or boost it

Rising productivity won't necessarily lower inflation and could actually increase it if businesses and households anticipate future gains and begin to

France moves aircraft carrier to Red Sea with eye on Hormuz mission

France on Wednesday deployed its carrier strike group to the Red Sea as part of planning for a potential mission to secure the Strait of

Animal Rescue takes in 4 beagles from Ridglan Farms

Animal Rescue takes in 4 beagles from Ridglan Farms

Serbia secures IMF approval for next stage of reform program

The International Monetary Fund and Serbia have reached a staff-level agreement on the third review under a 36-month arrangement to help support economic reforms in the

Who is Vivek Ramaswamy, 2026 Republican nominee for Ohio governor?

Vivek Ramaswamy, a multimillionaire former biotech executive and erstwhile presidential hopeful, won the Republican primary for governor of Ohio on

South Africa's Kganyago says central bank must keep rate options open amid inflation threat

South African Reserve Bank Governor Lesetja Kganyago said on Wednesday that policymakers needed to keep their options open on interest rates as geopolitical shocks

Some iPhone owners could get up to $95 payment after Apple agrees to settle case for $250 million

Apple has agreed to a $250 million settlement in a class-action lawsuit over false advertising of Siri's AI capabilities

Asheville City Council to decide where to direct $18M+ in Helene recovery funds

Asheville City Council to decide where to direct $18M+ in Helene recovery funds

Why gasoline costs 52% more in the US than it did before the Iran war

The price of a gallon of regular gasoline in the U.S. has climbed 31 cents in the past week and is now 52% higher than before the Iran war began

EU negotiator says 'still some way to go' on US trade deal under threat of higher auto tariffs

European lawmakers and governments are making good progress in negotiations to finalise a deal scrapping duties on U.S. imports but "there is still some way to go", the

Airlines had the perfect conditions for jacking up fares. Then Spirit collapsed

Airlines had the perfect conditions for jacking up fares. Then Spirit collapsed

Local elections could hasten the exit of Britain's embattled prime minister

British voters will cast ballots in elections that could hasten the end of Prime Minister Keir Starmer’s troubled term

Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds

Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy’s disparities, new research released Wednesday showed

IRS may owe you a refund for coronavirus-era fines. Here's how to apply

Millions of taxpayers penalized by the IRS during the coronavirus pandemic for late payments or filings may qualify for refunds or penalty terminations

Bosnian town seeks answers after hundreds test positive for lead in their blood

(Removes reference to "danger threshold" in paragraph 10 and adds WHO recommendation for when exposure should be identified and terminated) By Amel Emric and Daria Sito-Sucic VARES, Bosnia and

Colombia fiscal watchdog says it will shut down later this year after budget cut

Colombia's independent fiscal watchdog will suspend monitoring of public finances and stop issuing legally mandated opinions in November after the government reduced its

US Treasury keeps auction sizes steady; dealers expect change in early 2027

The U.S.

NY Fed says April supply chain pressures highest since July 2022

By Michael S.

Apollo pledges daily pricing for private credit as assets top $1 trillion

Apollo Global Management pledged on Wednesday to provide daily pricing for its credit funds by the end of September, saying new buyers

Disney earnings beat estimates as new CEO outlines growth strategy

Walt Disney's new Chief Executive Josh D'Amaro laid out his strategy for the entertainment company Wednesday, saying it would

US says airline jet fuel costs jumped $1.8 billion or 56% in March

Major U.S. passenger airlines spent just over $5 billion on jet fuel in March, up $1.8 billion or 56% from what they spent in February, the U.S.

Kyiv hails Hungary returning seized cash, eyes mending ties

Hungary has returned cash and gold of Ukraine's Oschadbank seized by Budapest's security service in March, President Volodymyr Zelenskiy said on Wednesday, as Kyiv welcomed the

NY Fed report finds gas price surge hitting lower incomes harder

By Michael S.

Global debt hits record of near $353 trillion, with signs of move away from US

Investors are showing signs of diversifying away from U.S.

US Supreme Court declines to pause order holding Apple in contempt in Epic Games lawsuit

The U.S.

Fact check: No, Trump doesn’t have a 100% approval rating among Republicans

Fact check: No, Trump doesn’t have a 100% approval rating among Republicans

Meta suggests total shutdown in New Mexico

Meta suggests total shutdown in New Mexico

Woman accused of $2.2 million Medicaid fraud

Woman accused of $2.2 million Medicaid fraud

Minneapolis nonprofit founders push back on lawsuit alleging they misused $2M in charitable assets

Minneapolis nonprofit founders push back on lawsuit alleging they misused $2M in charitable assets

California's highest court leans toward Gilead in considering drugmakers' 'duty to innovate'

California's highest court on Wednesday appeared skeptical of requiring Gilead Sciences and other manufacturers of drugs that are considered safe to try

SpaceX IPO gives Musk sweeping power and curbs shareholder rights

SpaceX has adopted corporate governance policies that will erode typical shareholder protections in unprecedented ways, giving

Wall St opens higher as Middle East peace hopes, AI optimism boost sentiment

Wall Street's main indexes opened higher on Wednesday, extending their strong run on hopes of a potential U.S.-Iran peace agreement and sustained enthusiasm around artificial

Argentina should approach markets with lower interest rates, official says

Argentina should approach the markets with lower interest rates, the country's Secretary of Economic Policy, Jose Luis Daza, said Wednesday during an event.

Microsoft may shelve 2030 clean energy target as AI lifts power use, Bloomberg News reports

Microsoft is considering delaying or abandoning its 2030 goal of matching its entire hourly electricity use with renewable energy purchases, Bloomberg News reported on Wednesday,

Instacart sees key quarterly sales metric above estimates on strong demand

Instacart on Wednesday forecast second-quarter gross transaction value above Wall Street expectations and said shoppers were increasingly seeking value, boosting

Dollar slips on hopes of US-Iran deal; yen rises amid intervention buzz

The dollar slipped across the board on Wednesday as investors grew optimistic about a possible end to the Iran war, while a sudden jump in the Japanese

DeepSeek could be valued at up to $50 billion in first fundraising, sources say

Chinese AI startup DeepSeek could be valued at up to $50 billion in its maiden fundraising drive, three sources said,

Canada's Ivey PMI rises to seven-month high in April

Canadian economic activity expanded in April at the fastest pace in seven months as measures of employment and prices accelerated, Ivey Purchasing Managers Index (PMI) data

Investor group urges SEC to scrutinize SpaceX IPO filing, avoid conflicts

An investor group which advises union pension funds urged Wall Street's leading watchdog on Wednesday to scrutinize SpaceX's disclosures as the rocket maker

US tariff refund process running 'smoother' than expected, Switzerland's K+N says

The online process to reclaim U.S. tariff payments deemed illegal by the Supreme Court is running "smoother" than anticipated, a U.S. customs expert at freight forwarder Kuehne und

Lilly commits additional $4.5 billion in Indiana manufacturing sites

Eli Lilly said on Wednesday it would invest $4.5 billion more across two of its three manufacturing sites in Indiana, bringing the U.S. drugmaker's total capital expansion

AMD shares hit record high, spark global chips rally on AI demand optimism

Advanced Micro Devices' shares jumped to an all-time high on Wednesday as its strong outlook boosted investor confidence about sustained demand

Kraft Heinz turnaround efforts show early promise under new CEO Cahillane

Kraft Heinz beat first-quarter sales estimates on Wednesday, as the ketchup maker showed early signs that turnaround efforts under new CEO

Burger King-parent Restaurant Brands beats quarterly estimates on value meals demand

Restaurant Brands International on Wednesday edged past expectations for quarterly overall same-store sales growth and adjusted profit, helped by resilient demand

Gov. Kemp signs sweeping Georgia education laws on literacy, math, cellphones and teacher support

Gov. Kemp signs sweeping Georgia education laws on literacy, math, cellphones and teacher support

British Jews gather for annual celebration in shadow of recent attacks

Thousands of British Jews gathered in north London on Tuesday to mark the Lag B'Omer festival, a celebratory event in the Jewish calendar, after weeks of heightened tension

Hedge funds turn nimble to deliver April gains, say sources

Hedge funds pounced on the U.S

G7 trade talks target critical minerals as US-EU tariff rift strains unity

Group of Seven trade ministers meeting in Paris on Wednesday sought common ground on securing critical mineral supplies that are

Egypt's annual inflation slows to 14.9% in April

Egypt's annual urban consumer inflation rate slowed unexpectedly to 14.9% in April from 15.2% in March, figures from statistics agency CAPMAS showed on Wednesday.

Egypt's preliminary GDP growth 5% in first quarter, ministry says

Egypt's preliminary GDP grew 5% in January to March compared to 4.8% in the same period a year earlier, according to a statement by the planning ministry on Wednesday.

Johnson Controls raises annual profit forecast on data center cooling demand

U.S. industrial supplier Johnson Controls International on Wednesday raised its annual profit forecast above Wall Street estimates, banking on rising demand for its data center

Marriott raises annual room revenue growth forecast amid strong travel demand

Hotel operator Marriott International raised annual room revenue growth forecast on Wednesday, betting that strong U.S. travel demand would drive bookings across

Man charged in US with stealing $450 million from Mexican billionaire in loan scheme

U.S. prosecutors allege a man with multiple aliases used the name of the famed Astor family to scam a Mexican billionaire out of $450 million

Increase in US private payrolls in April consistent with stable labor market

U.S. private payrolls posted their largest increase in 15 months in April, pointing to continued labor market stability even as the conflict in the Middle East clouds the

New York Times subscribers cross 13 million on news, lifestyle content demand

New York Times subscribers jumped to 13.1 million in the first quarter as its blend of news and lifestyle content attracted readers navigating a volatile political and economic

Brazil's Lula to discuss tariffs with Trump in Washington, minister says

Brazil's President Luiz Inacio Lula da Silva plans to discuss tariffs and cooperation in fighting organized crime at a meeting with U.S.

CVS Health raises 2026 forecast after improving medical cost controls

CVS Health significantly raised its full-year profit forecast on Wednesday, and reported higher first-quarter earnings from the pharmacy management business

Alaska Air launches $500 million debt offering as Iran war drives up fuel costs

Alaska Air said on Wednesday it would raise $500 million through a debt offering as the airline looks to bolster liquidity as a war-driven surge in jet fuel prices erodes margins.

US dollar to remain stuck in range, dependent on the Strait of Hormuz

Developments in the U.S.-Israel war with Iran will steer the dollar in the near term, said FX strategists in a Reuters poll, who held on to their

Uber forecasts strong second-quarter bookings despite Middle East woes

Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on strong demand for ride-hailing and delivery services, even though the

Can wraps revive Sweetgreen?

Can wraps revive Sweetgreen?

US violent crime is at its lowest in more than a century – but the funding that helped reduce it is disappearing

A historic drop in violent crime, including the murder rate, is at risk after the cancellation of federal funding for programs that helped make the decline possible.

Fire is transforming the US West’s public lands – research shows overlooked cost to recreation

Wildfires in Colorado are reshaping landscapes and visitor habits.

So your new ‘co-worker’ is an AI agent – here’s how to make the best of your human-machine relationship 

A slew of companies have announced plans to add AI agents to their workforces. Employees can take steps to handle the changes.

Disney offsets fewer overseas visitors with streaming and strong spending at theme parks

Disney exceeded most expectations in the second quarter due to strength in its streaming service and strong spending at U.S. theme parks that offset weak international tourism

Venezuela tells UN court that mineral-rich part of Guyana was fraudulently taken in colonial era

Venezuela insists that a mineral-rich region of Guyana was fraudulently taken in the 19th century

Affordability beats other top issues for MAHA voters, poll finds

Even for the "Make America Healthy Again" advocates who helped usher President Donald Trump back to the White House for a second term, affordability will

Iran war pauses global easing push by central banks in April

The Iran war has seen major central banks put interest rates on hold in April and stymied an easing push in emerging economies as

Venezuela tells the World Court it has no jurisdiction in dispute with Guyana over oil-rich territory

Venezuela told judges at the United Nations' highest court, the World Court, on Wednesday that it rejects its jurisdiction in its century-old

China is stepping up its Iran war diplomacy ahead of Trump's summit with Xi

China’s diplomatic role in the Iran war has come into sharper focus after talks between Chinese and Iranian foreign ministers on Wednesday, days before U.S. President Donald Trump is expected to meet his Chinese counterpart Xi Jinping

Curbing release of Fed meeting transcripts may improve debate, Warsh says in book

The release of transcripts of Federal Reserve rate-setting meetings, a cornerstone of its transparency for more than 30 years, undermines the debate

Stunning US profit strength ignites stocks' charge to record peaks

A humming U.S. corporate profit engine is at the heart of the U.S. stock market's rally to record highs - an encouraging sign for investors as long as

End in sight?

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil prices slumped and global stocks surged after reports that the U.S

SpaceX files plan for $55 billion Terafab chip facility in Texas

Elon Musk's SpaceX has proposed an initial investment of $55 billion to build a semiconductor manufacturing facility, called Terafab, in Texas, according to a filing made public on

Democrat Chedrick Greene’s win in Michigan state Senate election gives the party another over-performance

Democrat Chedrick Greene’s win in Michigan state Senate election gives the party another over-performance

Wealthy Latin Americans are turning this exclusive European neighborhood from ‘rich to richer’

Wealthy Latin Americans are turning this exclusive European neighborhood from ‘rich to richer’

France's services sector contracts further in April, final PMI shows

France's services sector contracted in April, as demand weakened amid economic and political uncertainty linked to the Iran war, a monthly survey by S&P Global showed on

Diageo's US problems temper sales boost from Guinness, World Cup

Diageo beat third-quarter sales forecasts on Wednesday, despite further weakness in North America that new CEO Dave Lewis said would be his

NATO must spend 5% of GDP on defence by 2030, Poland says

NATO countries need to hit the alliance's target of spending 5% of gross domestic product (GDP) on defence five years ahead of schedule in 2030, Poland's defence minister

ECB wage tracker shows stable wage growth ahead

Euro zone negotiated wage growth trends are largely unchanged since the start of the Iran war, the European Central Bank's wage tracker showed on Wednesday, offering

BMW keeps 2026 guidance, shrugs off tariff threat as profit beats expectations

BMW maintained its 2026 financial guidance on Wednesday, shrugging off a tariff-hike threat by U.S.

India's offshore tech hubs hit $98.4 billion revenue in FY26, nearing 2030 forecast, report says

India's offshore technology centers are expected to have generated $98.4 billion in revenue for fiscal 2026, nearing levels

Iran foreign minister meets Chinese counterpart a week before Trump's Beijing trip

Iranian Foreign Minister Abbas Araqchi met China's top diplomat in Beijing on Wednesday, underscoring close ties between the two countries

Ugandan lawmakers pass scaled-back sovereignty law after central bank warning

Uganda's parliament passed legislation to curb alleged foreign influence after scaling back proposed restrictions on funding from abroad that the central bank governor said

Euro zone services activity slumps in April on weak demand, PMI shows

Euro zone services activity contracted in April for the first time in almost a year, hit by weakening demand and deteriorating export business as the Middle East war weighed

Lufthansa sticks to 2026 outlook despite $2 billion jet-fuel hit, shares rise

Lufthansa kept its 2026 profit outlook on Wednesday, saying hedging, higher fares and cost cuts would help offset a 1.7 billion euro ($2 billion)

Continental warns of fresh U.S. tariff blow if latest increase affects tyres

Continental expects a blow in the "mid to high double-digit million euro" range should higher U.S. import tariffs recently announced by President Donald Trump apply to tyres, its

German services contract in April at fastest pace in over three years, PMI shows

Germany's service sector contracted at its steepest rate in more than three years in April as demand evaporated due to rising inflationary pressures and uncertainty linked to

Pandora says split in US economy is deepening as middle earners cut spending

Jewellery brand Pandora said a drop in spending by mid- to low-earners pushed down comparable sales by 2% in North America, as new CEO Berta de Pablos-Barbier

Stocks and bonds rally after Axios reports US Iran closing in on deal

Stocks and bonds jumped and the U.S. dollar dipped on Wednesday, after a report from Axios stated the U.S. and Iran are closing in on one-page memo to end the war, which sent

US and Iran closing in on one-page memo to end war, Axios reports

The White House believes it is getting close to an agreement with Iran on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear

Europe's STOXX 600 up over 2% on Iran deal optimism; earnings in focus

Europe's STOXX 600 jumped over 2% on Wednesday in a broad-based rally as reports of a possible peace deal between Washington and Tehran boosted risk

UK services firms report sharpest rise in costs since late 2022

British services firms last month reported the sharpest acceleration in cost pressures in three-and-a-half years as the Iran war drove up prices for fuel and raw materials, a

Novo Nordisk weight-loss pill powers profit beat in race to catch Eli Lilly

Novo Nordisk beat first-quarter profit forecasts and nudged up its full-year outlook on Wednesday, helped by stronger-than-

Chance of ECB rate hike has risen, board member Cipollone says

The chance of a European Central Bank rate hike has risen as inflation pressures are high, board member Piero Cipollone said on Wednesday, even as negotiated wage data

China condemns Eswatini for being 'kept and fed' by Taiwan in travel row

China said on Wednesday Eswatini's leaders were being "kept and fed" by Taiwan, using unusually strong language to condemn the small southern African kingdom for

Resilient US helps Ahold Delhaize top profit forecast, but CEO change knocks shares

Supermarket group Ahold Delhaize on Wednesday reported first-quarter core profit above market expectations, citing resilience of its U.S. business

South Korea suspends review of Trump's call to participate in 'Project Freedom'

South Korea's presidential office said on Wednesday it had suspended a review on whether to participate in a U.S. operation to escort ships through the Strait of Hormuz after

Watchdog flags risks in banks' growing private credit ties

The fast-growing private credit industry's deepening links with banks and asset managers are creating risks for the world's financial system, a global

Daimler Truck's profit halves on US tariffs, weak North American demand

Daimler Truck's first‑quarter operating profit more than halved owing to historically weak demand and import tariffs in a North American market where volumes fell to a

Tesla to recall nearly 219,000 US vehicles on rearview image issue

Tesla is recalling 218,868 vehicles in the U.S. due to delayed rearview camera images that could increase the risk of a crash, the National Highway Traffic Safety Administration (

Spain services contract for first time in nearly 3 years, PMI shows

Spain's services sector contracted in April for the first time since August 2023 as uncertainty linked to the U.S.-Israeli war with Iran hampered demand and confidence, a

Germany ponders last-ditch plan to thwart Italian bid for Commerzbank

As UniCredit prepares to take over Commerzbank, some members of Germany's government are examining a drastic step to fend off the unwanted

Italy services costs rise at fastest pace in over three years, PMI shows

Cost pressures in Italy's service sector hit their highest level in more than three years in April, driven by the conflict in the Middle East, a survey showed on Wednesday.

Vietnam launches fresh crackdown on online piracy under threat of US tariffs

Vietnam is set to launch from Thursday a new crackdown on online piracy and counterfeit goods, aiming to boost detections by a fifth, the government

Russian services confidence drops to 40-month low, PMI shows

Russia's services sector contracted for a second straight month in April as weak client demand led to declines in output and new sales, while business confidence plumbed a 40

BHP CFO says new investors buying in on copper exposure, AI demand

BHP's Chief Financial Officer Vandita Pant said on Wednesday that a new and broader set of investors were buying into the company as AI

Jeff Bezos shakes up Blue Origin staff incentives ahead of SpaceX IPO, FT reports

Jeff Bezos’s space venture, Blue Origin, has outlined a new stock plan for employees in an attempt to put an end to staff unrest and make the incentives more competitive with rival

Stocks surge in Seoul as Samsung surpasses Berkshire

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global stocks were at record highs on Wednesday as some of Asia's biggest markets returned from a holiday in euphoric

Lynas CEO says US, Europe rules sway buyers from Chinese rare earths

New government regulations in the U.S. and Europe are helping to push customers to buy rare earth

Key moments from CNN’s California governor primary debate

Key moments from CNN’s California governor primary debate

Rivian developing variants of its more affordable R2 EVs

Rivian is working on undisclosed variants of its R2 electric vehicles, the company's CEO said, days after starting volume production of the smaller and

China services activity grows at faster rate in April, private PMI shows

China's services activity expanded at a faster pace in April, helped by stronger growth in new business, although overseas demand continued to

Trump advisers step up their calls on China to help open Strait of Hormuz ahead of Beijing summit

White House officials are renewing calls on China to use its influence with Iran to open the Strait of Hormuz

China's top envoy meets with Iran's in Beijing as Trump pauses US effort in the Strait

President Donald Trump says he is pausing the U.S. effort to guide stranded vessels out of the Strait of Hormuz to allow time for a deal to end the Iran war, but that the American forces’ blockade of Iranian ports would remain in place

2 killed and 3 injured in back-to-back shootings north of Dallas, police say

Texas police say a man shot five people, killing two, in back-to-back shootings Tuesday near Dallas because he was angry over business dealings with the victims

Ireland services sector contracts for first time in five years, PMI shows

Ireland's services sector contracted for the first time in over five years in April as inflationary pressure caused by the Middle East conflict intensified and new business

South Korea inflation near two-year high, raising likelihood of rate hikes

South Korea's consumer prices rose in April at the steepest pace in nearly two years on a surge in oil prices triggered by the Middle East conflict, raising the

Fitch upgrades Argentina to 'B-' on Milei's economic reforms

Global ratings agency Fitch on Tuesday upgraded Argentina's long-term foreign currency and local currency issuer default rating to "B-" from "CCC+", with a stable outlook.

Samsung Electronics' market cap surpasses $1 trln after US AI chip stocks surge

The market capitalisation of Samsung Electronics' common stock surpassed $1 trillion on Wednesday, making it the second Asian company after TSMC to reach the milestone.

Eight dead in fire at shopping centre west of Tehran, Iranian media say

At least eight people died and 36 were hurt after a fire broke out in a shopping centre west of Tehran on Tuesday, Iranian state broadcaster IRIB reported.

US gasoline prices top $4.50 a gallon as summer driving season nears

The U.S. national average retail price of gasoline surpassed $4.50 a gallon on Tuesday for the first time since July 2022, data from GasBuddy showed, as the U.S

Gasoline costs 50% more in the US than it did before the Iran war

The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA

New Zealand jobless rate falls to 5.3% in Q1, labour market remains slack

New Zealand's jobless rate fell to 5.3% in the first quarter, but data released on Wednesday indicated plenty of spare capacity in the market and subdued

Vice President Vance woos Iowa Republican voters ahead of 2028

Vice President JD Vance has visited Iowa to promote the administration's tax and tariff policies while campaigning on behalf of Iowa Rep. Zach Nunn

Trump will host Brazilian president for talks on economy and security, a White House official says

President Donald Trump will host Brazilian President Luiz Inácio Lula da Silva on Thursday for talks about shared economic and security issues

The Latest: Trump says he has paused effort to guide vessels from the Strait of Hormuz

President Donald Trump says he has paused the U.S. effort to guide stranded commercial vessels from the Strait of Hormuz to finalize a deal with Iran to end the war

Meta plans advanced 'agentic' AI assistant for users, FT reports

Meta is building a highly personalized artificial intelligence assistant to carry out everyday tasks for its billions of users, the Financial Times reported on Tuesday, as the

Super Micro bets on AI server demand to provide upbeat forecast, shares soar

Super Micro Computer forecast fourth-quarter revenue and adjusted profit above Wall Street estimates on Tuesday, banking on robust demand for its artificial intelligence

EV maker Lucid suspends forecast, misses quarterly revenue estimates

Lucid Group suspended its full-year forecast and reported its biggest revenue miss in more than four years on Tuesday, as a supplier-related issue disrupted

Rubio says status quo in Cuba unacceptable and US will address it

U.S. Secretary of State Marco Rubio on Tuesday said that the status quo in Cuba was unacceptable, adding that the U.S. would address it, but not today.

AMD forecasts revenue above expectations on strong AI demand, shares jump 12%   

By Zaheer Kachwala and Max A.

LATAM Airlines cuts 2026 earnings forecast as jet fuel shock lifts costs

LATAM Airlines slashed its 2026 core earnings forecast on Tuesday, as higher jet fuel prices driven by the conflict in the Middle East significantly increased costs

Trading Day: Rarified AIr

The S&P 500 and Nasdaq sailed to new highs on Tuesday, riding the crest of yet another wave of optimism around the artificial intelligence boom.

Saylor's Strategy posts wider quarterly loss on bitcoin slump

Michael Saylor's Strategy reported a wider first-quarter loss on Tuesday, hammered by a slump in bitcoin prices that weighed on the value of its sizeable crypto holdings amid

Theater operator AMC beats revenue estimates on strong box office and premium format demand

AMC Entertainment beat quarterly revenue estimates on Tuesday, as a recovering box office and strong demand for its premium movie formats helped the cinema chain draw more moviegoers

Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

Anthropic has committed to spend $200 billion with Google Cloud over five years as part of a recent agreement, The Information reported on Tuesday, citing a person with knowledge of

Hedge fund Citadel bets on Miami as debate over New York second homes heats up

Hedge fund Citadel is "doubling down" on its Miami ventures, billionaire CEO Ken Griffin said on Tuesday, after criticism from New York City's mayor who is

CS Anthem chemical tanker was second US-flagged vessel to exit Strait of Hormuz

The CS Anthem chemical tanker exited the Strait of Hormuz on Monday, its operator said on Tuesday, becoming the second commercial U.S.-

Trump pauses effort to escort ships in Strait of Hormuz, citing deal progress

U.S.

Spirit Airlines has stopped flying. Here's what happens next

Spirit Airlines has secured court approval to begin dismantling the once-busy budget carrier and sell its parts to pay creditors

Woman says small donation in parking lot turned into $5,000 ordeal

Woman says small donation in parking lot turned into $5,000 ordeal

Bank drive-thru collapses on multiple vehicles, one person taken to hospital

Bank drive-thru collapses on multiple vehicles, one person taken to hospital

Defiant border czar brushes away MAGA critics, says ‘mass deportations are coming’

Defiant border czar brushes away MAGA critics, says ‘mass deportations are coming’

Rubio says US has achieved objectives of Iran operation

U.S.

Flex to spin off AI data-center infrastructure unit into listed company

Contract manufacturer Flex on Tuesday outlined plans for a strategic break-up to monetize its exposure to artificial intelligence, saying it would spin off

Trump, Xi likely to discuss Taiwan next week, U.S. says

Taiwan is likely to be a topic of conversation between U.S.

Senate Republicans seek $1 billion for Secret Service upgrades, including Trump's ballroom 

U.S.

Brazil's Lula to raise organized crime in talks with Trump this week

Brazil President Luiz Inacio Lula da Silva will bring up the topic of an agreement to combat organized crime in his meeting with U.S. counterpart Donald Trump this week,

OpenAI projects $50 billion spending on computing power this year, Brockman says

OpenAI expects to spend $50 billion on computing power this year, co-founder and President Greg Brockman said during his testimony in the company's courtroom battle with Elon Musk on

Coty reinstates annual profit target, warns of Middle East challenges

CoverGirl parent Coty on Tuesday flagged a hit to sales from the conflict in the Middle East, even as it leaned on cost-cutting to reinstate its annual profit target.

FCC commissioner seeks rigorous review of foreign investment in Warner Bros deal

The sole Democrat on the Federal Communications Commission on Tuesday called for a rigorous review of the foreign ownership interests in a proposed

Match Group beats revenue estimates as Hinge grows, Tinder resets amid AI push

Match Group posted first-quarter revenue above estimates on Tuesday, driven by the solid performance of dating app Hinge and early signs that a turnaround at Tinder

Skyworks Solutions forecasts higher revenue on strong chip demand

Skyworks Solutions forecast quarterly revenue above estimates on Tuesday, betting on strong demand for its radio-frequency chips used in premium smartphones.

Growth in gaming accessories pushes Logitech's fourth-quarter sales higher

Logitech International on Tuesday reported better-than-expected results for the fourth quarter, with the computer hardware maker seeing strong growth in gaming

Live Nation posts upbeat quarterly revenue on steady demand for concerts

Live Nation Entertainment beat analysts' estimates for first-quarter revenue on Tuesday, underscoring steady demand for concerts and live events even as the Ticketmaster parent faces

US says Mexico will address American airline access concerns in Mexico City

The Mexican government has agreed to improve aviation access to Mexico City, U.S.

Freshworks to cut 11% jobs as AI reshapes software industry

Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company navigates the industrywide disruptions caused by

New York Times sued by US employment agency over diversity, hiring

The New York Times was sued on Tuesday by the U.S.

Wall Street rallies to records after oil prices ease and corporate profits keep topping expectations

The U.S. stock market rose to records after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected

Germany's struggling coalition government strives to bridge differences

German Chancellor Friedrich Merz stuck with his centre-left coalition partners on Tuesday despite weeks of wrangling over tax, welfare

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down

A judge in the Southern District of New York Bankruptcy Court said on Tuesday that it was "a

Wall Street stocks touch records on upbeat earnings, dip in oil

U.S. and global stocks jumped on Tuesday, taking heart from a series of robust earnings, while oil prices eased despite still-simmering

US authorizes services to Venezuela connected with potential debt restructuring

May 5 - The United States has issued a general license authorizing legal, financial advisory, and consulting services linked to potential debt restructuring in Venezuela, including the South American

Bets surge against Nike, heaping pressure on CEO Hill

By Nicholas P.

S&P 500 and Nasdaq notch records as AI chip stocks surge

The S&P 500 and Nasdaq notched record high closes on Tuesday, lifted by Intel and other AI-related stocks, as a U.S.-Iran ceasefire held firm and

Czechs pack Prague's Old Town Square to protest government media plans

Thousands of Czechs filled Prague's Old Town Square on Tuesday to show their support for public media and protest planned government changes to funding of the state

Brazil's beef exports could drop 10% in 2026 due to Chinese tariffs, says lobby ABIEC

Brazil's beef exports could drop 10% in 2026 from the year before due to China's 55% tariff on beef imports that exceed quota levels, lobby group ABIEC president Roberto

Layoffs lead unemployed people on hiking journey in search of community

Layoffs lead unemployed people on hiking journey in search of community

Carney names former Supreme Court Justice Louise Arbour as Canada's next governor general

Prime Minister Mark Carney has named retired Supreme Court justice Louise Arbour as Canada’s next governor general

Family seeks justice one month after man dies in police custody

Family seeks justice one month after man dies in police custody

White House wants to vet powerful AI models for risks − a computer scientist explains why AI safety is so difficult

Once powerful AI models are released, it’s nearly impossible to keep them from being misused. Minimizing the risk means making safety the top priority in developing the systems.

Tomato prices hit highest point since 2016, straining South Tucson restaurant's budget

Tomato prices hit highest point since 2016, straining South Tucson restaurant's budget

Top European tech CEOs call for easier AI rules

Europe's AI regulations should be reduced and simplified, chief executives of seven of Europe's top technology firms including Christophe Fouquet of the biggest, computer

EU urges US to restore trade deal tariffs as anniversary nears

The European Union's trade chief has urged the United States to swiftly restore the tariffs agreed in last year's EU-US trade deal, the European Commission said on Tuesday.

US SEC proposes allowing public companies to opt out of quarterly earnings reports

Wall Street's top regulator on Tuesday proposed allowing U.S.-traded companies to switch from quarterly to twice-annual earnings

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse

HSBC reported an unexpected $400 million loss linked to the collapse of British-based mortgage lender Market Financial Solutions on

Revolut invests $64 million to boost Mexico growth after launch

The Mexican arm of digital bank Revolut, which launched in the country in late January, reported a capital injection of about $64 million last month, raising its total

G7 in talks to set up permanent unit to oversee critical minerals agenda

The Group of Seven countries are in talks to create a permanent secretariat to ensure initiatives to increase critical mineral

US industries, trade groups split over Trump's tariff probe on excess factory capacity

Domestic U.S. industries are urging the Trump administration this week to impose higher tariffs to curb the rising tide of exports from China and other

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but shutdown

A lawyer for defunct Spirit Airlines said Tuesday that sharply higher jet fuel prices left "no remaining way out" of bankruptcy and forced the budget carrier's shutdown as it seeks

AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say

Airbus plans to announce an order on Wednesday for about 150 A220 jets from AirAsia, in a boost for the planemaker's smallest jetliner that has recently lost orders to

Macron plans to tap ally Moulin to run French central bank

President Emmanuel Macron plans to nominate his former chief of staff, Emmanuel Moulin, as France's next central bank governor, the Elysee said on Tuesday,

Europe needs bigger banks to compete with US, China, Eurogroup chairman says

The European Union needs its banks to be bigger if they are to compete with their counterparts in the United States and China, the chairman of the euro zone's finance

Pfizer pins post 2028 return to growth on new obesity and cancer drugs

Pfizer said on Tuesday that it expects to return to stronger growth after 2028, driven by obesity drugs in development, a patent extension for

Student earns highly exclusive scholarship

Student earns highly exclusive scholarship

A gold-fueled mining rush scars Brazil’s Amazon, spiking deforestation and mercury risks

Gold prices have surged in recent years, sparking a mining rush in the Amazon that accelerates deforestation and mercury contamination

Roofer fights back against scams targeting seniors

Roofer fights back against scams targeting seniors

Romania’s pro-European coalition collapses after prime minister fails a no-confidence vote

Romania’s pro-European coalition has collapsed after lawmakers voted in favor of a no-confidence motion against Prime Minister Ilie Bolojan

'Loved our job': Spirit Airlines workers navigating unemployment filing process

'Loved our job': Spirit Airlines workers navigating unemployment filing process

5 charged after AT&T wire thefts caused widespread outages in North Carolina

5 charged after AT&T wire thefts caused widespread outages in North Carolina

All eyes on job market as Fed's rate-cut window narrows

The release of the U.S. employment report later this week will serve as a test of whether the economy remains resilient enough to keep the Federal Reserve's

Alphabet closes in on Nvidia's spot as world's biggest company

Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts

OpenAI, Anthropic ventures in talks to buy AI services firms, sources say

The joint ventures OpenAI and Anthropic separately created with private equity firms are in talks to acquire services companies that help businesses deploy

Anthropic deepens finance push as CEO Amodei warns of software disruption

Artificial-intelligence lab Anthropic is diving deeper into the financial services industry, releasing tools on Tuesday that can speed up

US new home sales increase in February and March; median price drops

Sales of new U.S. single-family homes increased in February and March as the drag from harsh weather faded, but higher mortgage rates because of the impact of the war

Brazil pulp giant Suzano set to win full EU nod for $3.4 billion Kimberly-Clark deal, sources say

Brazil's Suzano, the world's largest pulp maker, is set to win unconditional EU antitrust approval for its $3.4 billion joint venture with U.S. consumer

US job openings drop in March; hires increase sharply

U.S. job openings slipped in March, but a surge in hiring suggested the labor market was regaining its footing after struggling last year.

DuPont lifts forecast as price hikes offset Iran war-driven costs

Industrial materials maker DuPont raised its annual profit and sales forecasts on Tuesday after beating first-quarter estimates, as price increases helped offset

France convenes G7 on critical minerals to curb China's grip

France has called an online meeting of G7 countries for Thursday to discuss how to break China's stranglehold on critical materials, Finance Minister Roland Lescure said,

Frontier Airlines sees opportunity to absorb demand ceded by Spirit

Frontier Airlines said on Tuesday it expects to absorb significant demand from the shutdown of rival Spirit Airlines, a move it says will boost

The Supreme Court may force Trump to take a position on mifepristone

The Supreme Court may force Trump to take a position on mifepristone

Dollar softens as Middle East ceasefire holds

The U.S. dollar edged down on Tuesday as markets weighed developments in the Iran war, while the yen nudged lower in muted trade after a suspected

US job openings, hires point to stable labor market

U.S. job openings slipped in March amid a decline in professional and business services, but a surge in hiring to a more than two-year high suggested

Crypto exchange Coinbase to cut about 14% of workforce in AI-driven restructuring

Coinbase said on Tuesday it would cut about 700 jobs, or about 14% of its global workforce, as it trims costs amid crypto market volatility

FDA Commissioner Makary defends agency's decision on Replimune's drug, CNBC reports

U.S. Food and Drug Administration Commissioner Dr. Marty Makary on Tuesday defended the agency's decision to not approve Replimune's drug for advanced skin cancer.

Wall Street regulator moves to scrap Biden-era climate rule

Wall Street's top regulator is crafting regulations to undo a dormant Biden-era

Grain trader ADM raises profit forecast on biofuel demand outlook

Archer-Daniels-Midland shares jumped on Tuesday after the grain trader increased its full-year profit forecast and beat quarterly earnings estimates,

Drug pricing deal to generate savings of $64.3 billion over 10 years, White House says

The Trump Administration said on Tuesday its "Most Favored Nation" (MFN) drug pricing deal was expected to generate $64.3 billion in federal and state savings in the next 10 years.

No. 1 Sabalenka calls for boycott if players don't get bigger cut of Grand Slam revenues

Top-ranked Aryna Sabalenka believes tennis players should organize a boycott if they don’t start receiving a bigger share of tournament revenues at the Grand Slams

Senate GOP eyes $1 billion for Trump ballroom security as part of ICE, border patrol package

Senate GOP eyes $1 billion for Trump ballroom security as part of ICE, border patrol package

U.S. job openings were unchanged at 6.9 million in March but hiring improved

U.S. job openings were essentially unchanged at 6.9 million in March, another sign the American labor remained sluggish even before the full impact of the Iran war hit the economy

Ukraine Q1 GDP shrinks 0.5% year-on-year, statistics service says

Ukraine's economy shrank 0.5% year-on-year in real terms in the first quarter of 2026, the statistics service said on Tuesday.

Harley-Davidson bets on affordable models, dealer network in latest turnaround effort

Harley-Davidson outlined a new strategy on Tuesday focused on lower-priced motorcycles and its dealer network to help shore up volumes, the company's latest

Cummins raises revenue outlook on robust power generation demand

May 5 - Cummins lifted its annual revenue growth forecast on Tuesday, supported by resilient demand for its power-generation equipment and expectations from improving North America on-highway vehicles

Volatility clouds KKR's outlook after forecast-beating first quarter

KKR warned on Tuesday that market volatility had dimmed its growth outlook, even as it reported first-quarter earnings that beat Wall

UnitedHealthcare removes prior approval requirements for 30% of healthcare services

UnitedHealth will eliminate prior approval requirements for 30% of healthcare services, its insurance unit said on Tuesday, further reducing delays and paperwork for patients and

Wall St opens higher as oil slips despite Middle East tensions

Wall Street's main indexes rose after market open on Tuesday as oil prices declined despite renewed Middle East tensions that threatened to upend a fragile truce after the U.S. and

Argentina's auto parts industry feels the pain from Milei's shock therapy

Inside a small, family-run auto parts plant on the outskirts of Buenos Aires, production lines sit quiet.

US and others propose e-commerce pact as WTO deadlock deepens

The U.S. and a group of countries are planning to press ahead with their own moratorium on e-commerce duties if Brazil and

Meta seeks to fend off EU order to allow rival AI chatbots on WhatsApp at hearing

Meta Platforms on Tuesday sought to stave off an imminent EU order to allow rival AI chatbots free access to its social messaging site WhatsApp, as it

Thomson Reuters reaffirms forecasts, highlights 'fiduciary-grade AI' demand

Thomson Reuters reported a double-digit first-quarter revenue rise on Tuesday, boosted by gains in its "Big 3" business segments of legal

Zelenskiy pitches drone deal during Bahrain visit

President Volodymyr Zelenskiy pitched a drone deal to Bahrain during a visit to the country on Tuesday, advertising Ukraine's battle-tested security expertise.

Canada's services PMI hits six-month high but sector remains in contraction

The downturn in Canada's services economy eased in April as the level of new business increased despite concerns about tariffs and the war in the Middle East

Brazil's central bank warns of emerging inflation risks as Iran war drags on

The Brazilian central bank considered changing its view on inflation risk balance but ultimately maintained a level outlook despite the U.S.-Israeli war on Iran already

PayPal touts turnaround plan after results beat fails to impress

PayPal's new CEO Enrique Lores outlined a plan to streamline its organizational structure and reduce costs after the digital payments firm's first-quarter results

US service sector growth cools as order growth drops by most in 3 years

U.S. services sector expansion slowed for a second straight month in April as new order growth dropped by the most in three years and cost input pressures held at the highest since

GameStop's $56 billion pursuit of eBay stirs social media hype and doubts

GameStop's $56 billion bid for eBay ignited intense debate on social media, as retail investors greeted the potential deal with a mix of excitement, skepticism and meme-stock humor.

Canada swings to trade surplus in March as crude prices, gold exports jump

Canada's merchandise trade balance swung to a surplus in March, globally and with the United States, as higher crude oil prices and strong demand for gold

Trump's drugmaker deals may save economy $529B over 10 years, White House says

President Donald Trump’s deals with drugmakers requiring many of their U.S. prescription prices to drop could save the economy $529 billion over the next decade

As government privatization efforts grow, lawsuits against federal contractors get more difficult

The Supreme Court limited the ability of people to sue government contractors in state courts.

The lasting appeal of homeschooling: What motivated families to continue after schools reopened post-pandemic

Homeschooling trends are on the rise, bucking the narrative that most of its growth was caused by the pandemic.

Gulf singe, AI binge

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Gulf tensions flared on Monday as U.S. attempts to shepherd ships

Sherrod Brown's Ohio victory anchors Democrats' bid to reclaim US Senate

Former U.S.

GlobalFoundries forecasts upbeat second quarter on data center demand

Specialty chipmaker GlobalFoundries forecast second-quarter revenue above Wall Street expectations on Tuesday, driven by acceleration in data center deployments globally.

Defense contractor Leidos raises 2026 forecast on strong demand

Defense contractor Leidos Holdings raised its profit and revenue forecast for 2026 on Tuesday, betting on strong demand for its IT and military intelligence services.

Brazil's consumer debt relief plan won't jeopardize rate-cut cycle, finance minister says

Brazil's finance minister Dario Durigan said the government's relaunched consumer debt relief program won't provide enough stimulus to derail the current monetary easing

Why is Mozambique's financial crisis going from bad to worse?

Mozambique's slow-burning economic crisis has sharpened in recent weeks, with at least one global lender and a ratings agency suggesting the country will

Romanian government collapses after no-confidence vote

Romanian lawmakers toppled Prime Minister Ilie Bolojan's pro-EU government in a no-confidence vote on Tuesday, putting at risk the country's sovereign debt

Huntington Ingalls posts lower quarterly margin as costs weigh

U.S. military shipbuilder Huntington Ingalls posted a lower first-quarter operating margin on Tuesday, hurt by higher costs amid inflation and volatility in global trade.

Hong Kong Q1 GDP expands at strongest pace in nearly five years

Hong Kong's economy expanded 5.9% in the first quarter from a year earlier, official advance estimates showed on Tuesday, the 13th consecutive quarter of growth and the

Weight-loss drugs fuel protein-rich whey craving

Global dairy companies and food producers are investing heavily to meet

European shares rise on positive earnings bump; focus on Mideast tensions

European shares recovered modestly on Tuesday after slumping in the previous session as a rally in technology stocks and a slate of upbeat corporate

With wood scarce, Gaza carpenters make simple beds from pallets

As Israeli restrictions continue to curb the entry of goods into Gaza, local carpenters are turning to scrap wood and shipping pallets to make much-needed

Use of Gilead's HIV prevention shot rises, but US insurance gaps remain

Use of Gilead Sciences' Yeztugo, a twice-yearly injection to prevent HIV infection, has climbed since its June launch, but U.S. health providers say not all patients

Citigroup to announce new profit targets at investor day, CEO says

Citigroup will unveil medium-term profitability targets at its investor day on Thursday, highlighting improvements in expenses and revenue from its multi

China says wider US sanctions on Cuba are 'illegal'

China urged Washington on Tuesday to immediately end its embargo and sanctions on Cuba, saying the expanded measures were "illegal" and "seriously violated" the norms of

Canada-US oil pipeline close to reaching commitment requirement, sources say

A proposed pipeline for carrying Canadian crude oil to the United States is close to securing the minimum commitments from oil

Crypto exchange Bullish to buy Equiniti for $4.2 billion in capital markets push

Bullish said on Tuesday it will buy transfer agent Equiniti in a deal valued at $4.2 billion, as the cryptocurrency exchange looks to establish infrastructure to bridge blockchain

Oil pulls back after hitting a 2026 high on day one of Trump’s plan to unblock Hormuz

Oil pulls back after hitting a 2026 high on day one of Trump’s plan to unblock Hormuz

UN warns of ‘unprecedented’ crisis for seafarers in Persian Gulf as war strands crews at sea

UN warns of ‘unprecedented’ crisis for seafarers in Persian Gulf as war strands crews at sea

California investigates Trump administration's deal to end an offshore wind project

California is investigating one of the Trump administration’s deals to end an offshore wind project

Australia's central bank set to cool its heels after rapid-fire rate hikes

Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that

Hugo Boss tops profit forecasts even as Iran war hits markets

German fashion group Hugo Boss reported a quarterly operating profit above analysts' expectations on Tuesday, sending its shares nearly 5% higher, even as the Iran

Sweden moves ahead with plans for new foreign intelligence agency

The Swedish government said on Tuesday it was moving ahead with plans for a new foreign intelligence agency after past criticism that security officials failed to predict

Volvo Cars' February-April sales volume down 10% year-on-year

Sweden-based Volvo Cars sold 162,864 cars in the three months through April, down 10% from the same period a year earlier, it said on Tuesday.

Thailand scraps 25-year-old agreement with Cambodia on joint energy exploration

Thailand on Tuesday unilaterally terminated a longstanding agreement with Cambodia to work towards joint offshore energy exploration, defying calls from its neighbour to

Audi fears 'significant' tariff impact ahead of SUV launch in US

A looming U.S. tariff hike would have a 'significant' impact on German premium carmaker Audi as it pushes ahead with plans to launch its largest SUV in the U.S. this summer,

Blast at fireworks factory in China's Hunan kills 26, Xi calls for probe, state media says

A blast at a fireworks factory in China has killed at least 26 people and injured 61, flattening buildings and sending towering clouds of smoke into the sky, and prompting

Australia's central bank ramps up inflation fight with third rate hike this year

Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that

Novo Nordisk's weight-loss pill boom faces price war test

Novo Nordisk is seeing brisk early demand for its new weight-loss pill as competition with U.S. rival Eli Lilly intensifies.

European investment banks stutter as Wall Street rivals power ahead

Europe's investment banks are struggling to maintain market share as Wall Street

US prepared for visa sanctions on China over migrants issue, official says

China is slowing its efforts to repatriate Chinese nationals who are in the U.S. illegally, a senior Trump administration official told Reuters,

Australia central bank warns of rising inflation, slower growth as oil shock bites

Australia's central bank on Tuesday sharply raised its inflation forecasts, while downgrading the outlook for economic growth and employment as a global energy shock from the

Samsung Electronics' board chairman urges union to resolve pay disputes

The board chairman of Samsung Electronics has urged unionised workers to resolve pay disputes with management, warning that a planned strike could hurt investors and employees

Freedom? What freedom?

A look at the day ahead in European and global markets from Rae Wee U.S. President Donald Trump's operation "Project Freedom" hasn't got off to a promising start.

China's carmakers chase 'Yaris moment' to ignite overseas growth

China's carmakers are hunting for their own "Yaris moment" - the kind of locally tailored breakthrough that helped Toyota conquer Europe - as they race to turn

Abortion pill rulings bring the issue back to the forefront in a midterm election year

Recent court rulings on abortion pill access have reignited a contentious political issue in a midterm year

Australian lender Westpac flags Iran war risks as first-half profit misses estimates

Australian lender Westpac Banking on Tuesday said its mortgage and business customers are facing pressure from higher energy and fuel prices due

Apple holds talks with Intel, Samsung for US chipmaking, Bloomberg News reports

Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people

US tries to force open the Strait of Hormuz as the UAE comes under attack in a test of Iran truce

The U.S. military says it fired on Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz

Meta picks Morgan Stanley, JPMorgan for El Paso data center financing, source says

Meta Platforms is working with Morgan Stanley and JPMorgan Chase on a roughly $13 billion financing package for a data center in El Paso, Texas, a source familiar with the matter

Dominican Republic president halts GoldQuest mining project after protests

The Dominican Republic's President Luis Abinader ordered on Monday the suspension of any activity related to GoldQuest Mining's gold and copper

Alberta separatist group says it has enough signatures to trigger referendum on leaving Canada

Alberta separatists have submitted nearly 302,000 signatures to trigger a referendum on leaving Canada

Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports

Berkshire Hathaway has selected Gen Re Chairman Charlie Shamieh as successor to longtime insurance leader Ajit Jain, the Wall Street Journal reported on Monday, citing people

OpenAI co-founder discloses nearly $30 billion stake, financial ties to Altman

OpenAI's co-founder and president, Greg Brockman, on Monday disclosed deeper financial ties to CEO Sam Altman than previously

California probes Trump administration deal to cancel offshore wind lease

California energy officials on Monday opened an investigation into the Trump administration's agreement with an offshore wind company to cancel a planned project off the state's

US says it sinks Iranian small boats, shoots down missiles, drones as it opens Strait

The U.S. military said on Monday it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran sought

Venezuela's inflation rate eases to 10.6% in April, cenbank says

Venezuela's inflation rate eased to 10.6% in April from 13.1% in March, the country's central bank said on Monday. 

First refunds of Trump tariffs to start as early as May 12, customs agency says

The U.S. Customs and Border Protection (CBP) agency said on Monday it now estimates the first electronic refunds from U.S.

From airlines to banks: Australian, New Zealand firms feel heat of Gulf crisis

Companies in Australia and New Zealand are beginning to signal the financial strain from the U.S.-Israeli war on Iran, as higher fuel prices stoke inflation, dent business and

Southern state Republicans look to capitalize on Supreme Court ruling weakening Voting Rights Act

Lawmakers in several southern states are meeting this week to consider redistricting plans in response to a U.S. Supreme Court ruling that weakened the Voting Rights Act

Chevron CEO says shortages in oil supply will begin appearing

Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the

Intel appoints Qualcomm executive to lead PC and physical AI business

Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit. 

Embraer eyes new Middle East defense deals after UAE order

Brazil's Embraer expects new defense aircraft deals in the Middle East, including government-to-government procurements, after a landmark order for C-390

Southwest weighs hiring Spirit Airlines mechanics ahead of Boeing MAX 7 arrival

Southwest Airlines has expressed interest in hiring some aircraft mechanics from now-defunct Spirit Airlines, a union official said on Monday, as the U.S. low-cost

Global finance leaders flag shifting capital flows, AI impact at Milken

Top global investors and executives gathered at the Milken Institute Global Conference in Beverly Hills on Monday to discuss geopolitical tensions, private credit risks and

American pilots union chief says United CEO's merger idea showed 'bold vision'

The head of American Airlines' pilots union told members that United Airlines CEO Scott Kirby's merger idea showed the kind of "bold vision" the

California says insurance firm State Farm mishandled LA wildfires claims

The California Department of Insurance said on Monday it was seeking million of dollars in penalties against insurance company State Farm for allegedly

Top Trump fundraiser enlisted in new nonprofit for president’s sculpture garden and golf course as legal challenges abound

Top Trump fundraiser enlisted in new nonprofit for president’s sculpture garden and golf course as legal challenges abound

Pablo Torre's podcast wins Pulitzer Prize for Clippers report, capping a remarkable rise

The “Pablo Torre Finds Out” podcast won a Pulitzer Prize in audio reporting for its deep dive into the finances of the Los Angeles Clippers and star Kawhi Leonard, capping a remarkable rise for the influential show

Mexico inflation likely slowed in April, paving way for possible rate cut

Mexican inflation is expected to have eased in April, a Reuters poll showed on Monday, giving Mexico's central bank more room to cut its key interest rate this week and

Lattice Semiconductor to buy software firm AMI in $1.65 billion deal

Lattice Semiconductor will acquire AMI in a $1.65 billion deal, it said on Monday, as the chipmaker looks to expand into the software and artificial intelligence management space.

Trading Day: The oil, bonds tango

Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S. efforts to free up shipping,

Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million fine imposed

Elon Musk settled the U.S.

Palantir lifts annual revenue forecast on robust US government demand

Palantir Technologies raised its annual revenue forecast and beat estimates for quarterly results on Monday, a sign of growing demand for its data analytics

IMF chief Georgieva warns of 'much worse outcome' if Middle East war drags into 2027

The head of the International Monetary Fund on Monday warned that inflation was already picking up and the global economy could face a "much worse

Paramount Skydance first-quarter profit benefits from cost-cutting

Paramount Skydance's pre-tax earnings rose in the first quarter, the company said on Monday, as streamlined operations and improved

Reuters wins two Pulitzer Prizes for national and beat reporting

Reuters won two Pulitzer Prizes on Monday, one for national reporting for stories on U.S.

Duolingo's growth outlook moderates as it prioritizes engagement over monetization

Duolingo posted strong first-quarter results but signaled a more measured growth trajectory ahead, as the language-learning app prioritizes user engagement and

Vertex tops profit estimates as sales of new cystic fibrosis drug surge

Vertex Pharmaceuticals on Monday beat Wall Street estimates for first-quarter adjusted profit, helped by a near eight-fold surge in sales of its new cystic fibrosis treatment.

Pinterest forecasts upbeat quarterly revenue on resilient ad spending, shares surge

Pinterest forecast second-quarter revenue above analysts' estimates on Monday, betting on steadily growing spending by advertisers, sending the image-sharing

GameStop's $56 billion eBay bid raises financing doubts among investors

GameStop CEO Ryan Cohen's unprecedented $56 billion takeover bid for the much larger eBay drew skepticism from investors and analysts on Monday, with shares in the

US and Iran launch new attacks as they wrestle for control of Gulf waters

The U.S. and Iran launched new attacks in the Gulf on Monday as they wrestled for control over the Strait of Hormuz

Chipmaker Onsemi forecasts quarterly revenue above estimates on resilient auto demand

Onsemi forecast second-quarter revenue above Wall Street expectations on Monday, betting on resilient demand for its chips as the automotive industry recovers.

Costa Rica's top newspaper says US revoked visas of its executives, prompting press freedom concerns

One of Costa Rica’s leading media outlets says that the United States has revoked the tourist visas of several executives on its board

OpenAI president discloses his stake in the company is worth $30B

Greg Brockman, OpenAI’s president and CEO Sam Altman’s top lieutenant, disclosed in court Monday that his stake in the artificial intelligence company is worth nearly $30 billion

Actors and studios strike a tentative 4-year deal, easing fears of another Hollywood shutdown

Television and movie actors have reached a tentative four-year contract agreement with studios and streaming services

Trump’s gambit to move ships through the Strait of Hormuz tests the fragile ceasefire

Trump’s gambit to move ships through the Strait of Hormuz tests the fragile ceasefire

California says State Farm violated the law in handling of insurance claims after 2025 LA wildfires

California’s top insurance regulator says the state is seeking millions of dollars in penalties from State Farm after an investigation found the insurance company violated state law while handling claims from the 2025 Los Angeles-area wildfires

Wall Street falls from its records and oil prices jump after fighting flares in the Middle East

U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran

Goldman says global oil stocks approaching eight-year low, depletion speed a concern

Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed of depletion was becoming a concern as supplies through the

CEO of Berkshire's Benjamin Moore says paint shoppers 'trading down' as inflation weighs

The chief executive of Berkshire Hathaway-owned Benjamin Moore said cautious consumers are spending less on paint as elevated inflation and

US Treasury boosts Q2 borrowing outlook; keeps issuance plans in focus

The U.S.

European Commission is in contact with Anthropic on Mythos, Dombrovskis says

The European Commission is in contact with Anthropic regarding Mythos and is assessing its possible implications, European Economic Commissioner Valdis ​Dombrovskis told

This year's Cinco de Mayo parade has more meaning after Operation Metro Surge, attendees say

This year's Cinco de Mayo parade has more meaning after Operation Metro Surge, attendees say

More than 100 staff at Brookfield Zoo Chicago go on strike; zoo remains open to the public

More than 100 staff at Brookfield Zoo Chicago go on strike; zoo remains open to the public

Prosecutors say arson suspect in Los Angeles' Palisades Fire was angry 'at the world'

The man accused of sparking the deadly Palisades Fire in Los Angeles was upset that he didn’t have plans for New Year’s Eve and told Uber passengers he was angry at the world hours before the initial blaze was sparked

Brazil revives consumer debt relief program ahead of Lula's re-election bid

Brazil relaunched on Monday a consumer debt relief program first introduced in 2023, aiming to cut interest burdens and boost disposable income ahead of

Germany's Merz marks a year in office facing deep transatlantic crisis

Chancellor Friedrich Merz marks a year in office this week facing the biggest crisis with Washington in decades, after President Donald Trump said he would

US Justice Dept sues to block Minnesota's climate change lawsuit

The U.S.

ECB may need to hike rates in June, Nagel says

The European Central Bank may need to raise interest rates in June if the inflation outlook does not improve significantly in the coming weeks, Bundesbank President

Williams says Fed policy well positioned for economic risks, uncertainty

By Michael S.

Nitrogen surge to lift CF, Nutrien earnings; Mosaic faces headwinds

Nitrogen-focused fertilizer producers are set to report stronger quarterly earnings as a surge in prices, driven by Middle East gas disruptions, lifts margins, though

Oil prices jump 6% as Iran sets UAE oil port ablaze, strikes vessels in Strait of Hormuz

Oil prices jumped about 6% on Monday as Iran stepped up attacks on the United Arab Emirates and ships in the Middle East Gulf over the past 24 hours, the

US to move forward with plans to hike EU car tariffs

U.S.

Dairy Queen pauses Middle East growth plans, takes on AI in drive-thrus

Middle East tensions including war in Iran have led Berkshire Hathaway-owned Dairy Queen to put expansion plans in the region on hold, as

Oil jumps, stocks drop as Iran tightens grip on Strait of Hormuz

Oil prices jumped 6% on Monday and stocks fell as Iran escalated its military campaign, hitting several ships in the Strait of Hormuz and setting

Fed's Williams says more agreement on FOMC than dissents imply

Federal Reserve Bank of New York President John Williams said Monday that there’s more agreement on the rate-setting Federal Open Market Committee than last week’s policy

Trump family crypto project countersues billionaire backer Sun for 'smear campaign'

World Liberty Financial, the crypto venture co-founded ​by U.S.

Argentina's Milei restores press access to presidency after a ban sparks backlash

President Javier Milei of Argentina has restored press access to his government headquarters

Iowa lawmakers pass vape tax to fund pediatric cancer research

Iowa lawmakers pass vape tax to fund pediatric cancer research

How Florida designed a US House map aiming to give Republicans four more seats

How Florida designed a US House map aiming to give Republicans four more seats

CNN walks through an empty Spirit terminal

CNN's Gloria Pazmino walks through a Spirit Airlines terminal that now sits empty after the airline announced it's shutting down.

DOJ plans to settle Agri Stats case, White House official says

The U.S.

High oil prices won't rescue Russian growth, think tank says

High global oil prices will not help boost Russian economic growth this year as Ukrainian drone attacks and new Western sanctions weigh on crude output and exports, a think

Bessent urges China to step up diplomacy on Iran ahead of Trump-Xi summit

U.S.

US factory orders rise more than expected in March

New orders for U.S. factory goods rose more than expected in March, led by surging demand for electronics products amid the artificial intelligence investment boom.

Dollar higher as US-Iran conflict keeps risk appetite muted

The U.S. dollar rose against the euro as the conflict in the Middle East kept investors skittish and the yen briefly strengthened prompting renewed

Spirit Airlines seeks approval to make retention payments as it ends operations

Bankrupt discount carrier Spirit Airlines, which ceased operations on Saturday, asked a U.S. bankruptcy court for approval to pay

Iran war has put foreign workers in the Gulf at greater risk while raising the cost of going home

The Iran war has made life even more precarious for millions of foreign workers in the Middle East

FACT FOCUS: Why nearly 4.3 million people are no longer receiving food stamps

Agriculture Secretary Brooke Rollins this week attributed a multimillion-person drop in the number of participants receiving food stamps through the Supplemental Nutrition Assistance Program to the tamping down of fraud and an improved economy

Formula 1's electrical revolution is losing its spark and V8 power could return

Four races into Formula 1’s new era and the peak of electrical power’s influence on the sport may already be in the rearview mirror

'The 2006 Nissan Altima of airlines': Journalist details what Spirit Airlines got right, and wrong

After Spirit Airlines abruptly shut down operations, business journalist and NPR “Full Disclosure” host Roben Farzad describes to CNN’s Fredricka Whitfield the pioneer discount carrier's no-frills strengths and its "roulette element" weaknesses.

U.S. equity fund inflows ease to a six-week low

U.S. equity fund inflows ebbed to a six-week low in the week through April 29 as investors concerned over a surge in crude oil prices exercised caution ahead of a monetary policy

Tesla posts mixed April sales across Europe but overall rebound stays on track

New registrations of Tesla vehicles extended their recovery in several European markets in April, more than doubling in Sweden, France and

S&P 500 falls from record high on Middle East worries

Wall Street ended lower on Monday, with the S&P 500 retreating from record highs, after a South Korean ship was hit by an explosion in the Strait

JetBlue, Frontier shares rise as Spirit shutdown makes room for growth

Shares of Frontier Airlines and JetBlue Airways rose on Monday, after rival Spirit Airlines shut shop, fueling hopes the carriers can capture market share, control

Amazon opens up logistics network to other businesses in challenge to UPS, FedEx

Amazon.com said on Monday it would allow other businesses to store and ship goods ranging from raw materials to final products through its

Portugal trims 2026 growth forecast to 2%, still targets budget balance

Portugal's government has cut its 2026 economic growth forecast to 2% from 2.3% citing severe storms in January and February and a jump in energy prices

Zambia says US health deal must be uncoupled from minerals access

Zambia's government said on Monday that it opposed a U.S. attempt to tie health funding to access to critical minerals, giving details for the first time about why

Blackstone vehicle aims to raise over $1.7 billion in US IPO to fund data center bet

A newly minted Blackstone investment vehicle is aiming to raise slightly over $1.7 billion in an initial public offering in the United States to capitalize on booming demand in the

Russia intensifies drone attacks on ports, Ukraine says

Russia has stepped up its targeting of Ukrainian port infrastructure this year, Kyiv said on Monday, using more than 800 drones in its attacks in the first four months of 2026,

WEX board deal ends bitter proxy battle with activist Impactive

Payment processing and information management services group WEX said on Monday it had reached a deal with Impactive Capital to add three board

Wall St slips at open as US-Iran tensions unsettle investors

Wall Street's main indexes slipped after market open on Monday as heightened investor anxiety over the Middle East conflict tempered the optimism from last week's earnings.

Modi’s poll gains point to push on India's civil law reform, infrastructure

(Corrects paragraph 8 to clarify that BJP and its allies on course to control 20 states and not 22 states out of 28) By Krishna N.

Tyson Foods profit beats estimates, beef business struggles

Tyson Foods reported better-than-expected quarterly earnings and raised its full-year income forecast on Monday, as rising chicken sales helped

Senegal's President Faye says ruling party, led by PM Sonko, risks 'collapse'

Senegalese President Bassirou Diomaye Faye said the ruling party is on a path that could lead to its downfall but that the party's leader, Prime

Amgen to invest additional $300 million to boost US manufacturing footprint

Amgen said on Monday it was investing an additional $300 million in Puerto Rico to expand its U.S. manufacturing network.

Don't cut banks' capital requirements, ECB tells governments

Euro zone governments should not lower banks' capital requirements as this would do little to boost credit while demand is weak and the environment is fraught with risks

Modi's party set to make big gains in Indian state elections

Indian Prime Minister Narendra Modi's party was on course to win two of four crucial state elections on Monday, expanding its

How balcony solar can help renters and homeowners save money

Small-scale solar panels usable by renters and without rooftop installation can boost renewable energy use and reduce the effects of high electricity prices.

Spirit Airlines shuts down

U.S. discount carrier Spirit Airlines has shut down and canceled all flights. Ben Hunte speaks with Meghna Maharishi, Airline reporter with Skift.

Strait talk

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Oil prices spiked by around 5% on Monday after Iran said it

Most Strait of Hormuz shipping at a standstill despite latest US pledge

There were no signs of increased vessel traffic through the Strait of Hormuz on Monday, a day after President Donald Trump said the U.S. would begin

KKR-backed GMR eyes $5 billion valuation in US IPO

Emergency medical services provider GMR Solutions said on Monday it was targeting a valuation of up to $5 billion in its U.S. initial public

EU countries push to settle US trade deal to avoid car tariff hike

European Union countries are broadly pushing for the swift implementation of the bloc's side of a trade deal struck with the United States last year to

Big Tech’s massive spending is back in focus on Wall Street

Big Tech’s massive spending is back in focus on Wall Street

Shares of eBay take off on a $56 billion buyout bid from GameStop's Ryan Cohen

Shares of eBay are soaring before the opening bell after Ryan Cohen's GameStop announced an attempt to take over the company for about $56 billion, seeing it as a vehicle to compete with online retail giant Amazon

The Pirates are trying to win back Pittsburgh. For the first time in a long time, they might have a chance

The Pirates are trying to win back Pittsburgh. For the first time in a long time, they might have a chance

Democrats look for a foothold in Iowa as Vance visits to boost Republicans

Democrats believe they can make Iowa a political battleground again

GameStop makes daring $56 billion bid for eBay, hoping to rival Amazon

GameStop makes daring $56 billion bid for eBay, hoping to rival Amazon

ECB's Kazimir: June rate hike all but inevitable

A European Central Bank rate hike in June is all but inevitable as higher energy costs are bound to spread to the broader economy and developments in the Iran war have not

Dollar rises, European stocks and bonds fall after reports of U.S. warship being hit missiles 

The dollar strengthened while European shares and bond prices fell on Monday after Iran's Fars News agency reported that two missiles hit a U.S. warship when it tried to pass

Power suppliers hesitate as Venezuela seeks grid repairs without payment guarantees

When potential providers and financiers for Venezuela's electric industry, including Siemens Energy and GE

US SEC review delays first prediction-market ETFs

More than two dozen exchange-traded funds tied

Cerebras targets $26.6 billion valuation in US IPO as AI chip demand surges

Nvidia-rival Cerebras is seeking a valuation of as much as $26.62 billion in its U.S. initial public offering, as heavy spending on AI

Global equity funds attract inflows for sixth week on earnings optimism

Global equity funds drew inflows for a sixth straight week through April 29, as optimism over strong first-quarter earnings outweighed investor concerns about the Middle East

UAE says it is discussing currency swap line with US

The United Arab Emirates is discussing a currency swap line with the United States, its trade minister said on Monday.

European shares drop as Middle East continues to hit sentiment

European shares dropped on Monday as hostilities in the Middle East showed no signs of easing and crude oil prices soared, with investors grappling

South African factory mood improves in April, Absa PMI shows

A gauge of South African manufacturing sentiment improved in April as output and new sales orders rebounded after a weak first quarter, a purchasing managers' index (

Indonesia, Japan sign defence cooperation agreement

Indonesia and Japan signed a defence cooperation agreement on Monday, officials said, which includes cooperation in the defence industry, human development and disaster

ECB needs "critical mass of data" before hikes, Villeroy says

The European Central Bank needs clear evidence inflationary pressures are becoming entrenched to begin raising interest rates, Bank of France Governor Francois Villeroy de

US restaurant sales drop as Iran war pushes gasoline prices higher

Several U.S. restaurant chains including Wingstop and Domino's reported weaker-than-expected sales growth in the latest quarter, saying that soaring gasoline

Cost gap drives some US borrowers from private credit to bank-led syndicated loans

Signs of turmoil in private credit are pushing some borrowers to the syndicated loans market, which is proving to be significantly cheaper

US evacuates 22 crew members on seized Iranian ship to Pakistan

The U.S. has evacuated 22 crew members held aboard an Iranian container vessel to Pakistan and will hand them over to Iranian authorities on Monday, Pakistan's foreign

Australian Jews tell antisemitism inquiry of surge in hate before Bondi Hanukkah massacre

An Australian inquiry into antisemitism has heard from Jewish Australians who feel increasingly fearful after a massacre at a Hanukkah celebration

SK Hynix shares rally 13% after US tech firms signal strong AI spending plans

Shares of SK Hynix surged 13% to a record high on Monday, driven by foreign buying, after some big U.S. tech firms last week hiked their investment plans for

French manufacturing output and orders rise in April on inflation fears, PMI shows

French manufacturing output and new orders rose in April as customers sped up purchases due to inflationary pressures linked to the Iran conflict, a survey by S&P Global

German factory outlook turns negative for first time since 2024, PMI shows

German manufacturer sentiment turned negative in April for the first time since October 2024 even as overall activity grew, with firms frontloading orders to beat price rises

Supply concerns lift orders for Spain's manufacturers in April, PMI shows

Spain's manufacturing output and new orders rose in April as clients rushed to secure stock amid disruptions due to the war in Iran, a survey by S&P Global showed on Monday.

Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026

Barclays on Monday joined a growing list of brokerages to bet on no policy easing from the U.S.

Italian manufacturing cost pressures at 4-year high in April, PMI shows

Cost pressures in Italy's manufacturing sector hit their highest level in almost four years in April, fuelled by the conflict in the Middle East, a survey showed on Monday.

ECB surveys see quick return of inflation to target

Euro zone inflation will surge this year on higher energy prices but will then quickly retreat and will be around the 2% target by next year, the European Central Bank's

Yen jumps briefly as Japan takes on speculators

A brief jolt higher in the yen on Monday sparked speculation that Japan had again sought to defend its sinking currency, though analysts say

Euro zone firms see new inflation surge if war lasts months, ECB poll shows

Euro zone firms see the risk of a new inflation surge akin to that seen after the COVID-19 pandemic if the war in Iran lasts months, disrupting the supply of fuel,

Euro area factories snapped up raw materials in April as optimism slumped amid Middle East war - PMI

Euro area manufacturers rushed to build inventories of raw materials in April amid fears of further supply disruptions and higher costs linked to conflict in the Middle East

Euro zone investor morale improves slightly in May, Sentix survey shows

The Sentix index measuring investor morale in the euro zone improved slightly in May, indicating that investors do not expect a further escalation of the Iran conflict, but

UK's left-wing Greens seek to topple Labour's London strongholds

In the Labour stronghold of Hackney in east London, human rights lawyer Nadeshda Jayakody is one of many voters switching to the Green

Singapore and NZ sign deal to keep supply chains open, say they are open to interest from other countries

The leaders of Singapore and New Zealand signed an agreement to keep their supply chains open during times of crisis on Monday, and said they hoped the agreement would be

Russia manufacturing contracts for 11th straight month in April, PMI shows

Russia's manufacturing sector contracted for the 11th month running in April as output and new orders fell again and employment posted its sharpest drop in four years, a

Opening the Strait, or maybe not

A look at the day ahead in European and global markets from Wayne Cole. A new week and we're back to Strait watching.

Australia, Japan strengthen critical minerals ties

Australia and Japan have beefed up their cooperation around critical minerals amid a state visit by Japan's prime minister, with the countries providing A$1.67 billion ($

India's factory growth stays sluggish in April amid war-led soaring costs, PMI shows

India's manufacturing growth edged up slightly in April but remained stuck near a four-year low as weak demand and soaring input costs driven by the Middle East war

GameStop makes bold $56 billion play for eBay, ready to go hostile

GameStop proposed on Sunday to buy eBay Inc for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was prepared to take

Kone's new TK Elevator deal comes amid climate change on European champions

Brussels' antitrust rules have already once helped derail an attempt to create the world's top lift

An unfinished Iran war could give Xi the upper hand in Trump talks, sources say

An unfinished Iran war could give Xi the upper hand in Trump talks, sources say

Fewer AAPI adults report hate incidents but racism concerns linger, new poll shows

A new poll indicates fewer Asian American and Pacific Islander adults are reporting overt anti-Asian attacks than during the height of the COVID-19 pandemic

Anthropic nears $1.5 billion AI joint venture with Wall Street firms, WSJ reports 

Anthropic is finalizing an about $1.5 billion joint venture with Blackstone, Goldman Sachs and a handful of other Wall Street firms to sell artificial-intelligence tools to private-

GameStop makes bold $56 billion play for eBay, ready to go hostile

GameStop proposed on Sunday to buy eBay Inc for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was prepared to take

Trump says the US will 'guide' stranded ships from the Strait of Hormuz, starting on Monday

U.S. President Donald Trump has announced “Project Freedom” to help ships leave the Strait of Hormuz, starting on Monday

National Australia Bank posts first-half profit miss, warns of Middle East conflict risks

National Australia Bank on Monday reported weaker first-half cash earnings, hurt by one-off and potential bad debt charges, while warning that the

NZ's a2 Milk shares plunge on US infant formula recall as cereulide detected

New Zealand's a2 Milk on Monday said it was recalling three batches of its a2 Platinum infant milk formula sold in the U.S. after testing detected

UK eyes joining EU's 90 billion euro Ukraine loan to tap defence orders

Britain is in talks to join the European Union's 90 billion euro ($105.13 billion) loan to Ukraine to qualify for Kyiv's defence orders that the loan finances, but will

Bank of Korea deputy chief says time to consider rate hikes

The Bank of Korea's senior deputy governor said forward guidance on monetary policy would become more hawkish at the next meeting later this month, as it was time to consider

Samsung Electronics appoints new TV chief amid mounting competition

Samsung Electronics, the world's No.

China robot-hand-building unicorn Linkerbot targets $6 billion valuation

Chinese robotics startup Linkerbot, the global market leader in highly dexterous robotic hands for humanoids, will seek a $6 billion valuation in its next

Trump says US will help free ships stranded in Strait of Hormuz 

President Donald Trump said on Sunday that the United States would begin an effort to free up ships stranded in the Strait of Hormuz on Monday morning.

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday morning to free ships stranded in the Strait of

Spirit says most customers refunded after abrupt shutdown

Spirit Airlines said on Sunday it had almost completed refunding passengers and returning its crew to their home bases following its

Kashkari says Iran war limits Fed's ability to provide rate guidance

By Michael S.

US attorney doesn’t rule out continuing to investigate Federal Reserve Chair Powell

US attorney doesn’t rule out continuing to investigate Federal Reserve Chair Powell

Tech billionaire pushes to restore Dungeness crab season for Thanksgiving

Tech billionaire pushes to restore Dungeness crab season for Thanksgiving

Text scam brings 200 people to Denver County Court

Text scam brings 200 people to Denver County Court

Families of Shreveport shooting victims say fundraiser money has not reached them

Families of Shreveport shooting victims say fundraiser money has not reached them

Inside Spirit Airlines’ failed ‘Hail Mary’ to the Trump administration

Inside Spirit Airlines’ failed ‘Hail Mary’ to the Trump administration

Firefighter learns to walk again after 40-foot fall. But who's paying for his leave?

Firefighter learns to walk again after 40-foot fall. But who's paying for his leave?

Expert details program linked to 5 Minnesota autism centers raided in fraud investigation

Expert details program linked to 5 Minnesota autism centers raided in fraud investigation

Sales of used electric vehicles on the rise in Minnesota amid gas price hikes

Sales of used electric vehicles on the rise in Minnesota amid gas price hikes

Rising gas prices force Twin Cities Lyft, Uber drivers to reconsider gig work

Rising gas prices force Twin Cities Lyft, Uber drivers to reconsider gig work

US Attorney Pirro says Fed IG's findings will dictate future of her Powell probe

By Michael S.

OPEC+ countries agree modest rise in production as Iran retains chokehold on key Strait of Hormuz

Seven countries in the OPEC+ grouping of oil-producing countries — including Saudi Arabia and Russia — say they’ve decided to a modest increase in production starting in June as part of a commitment to “market stability.”

ECB policymaker says euro zone recession concerns 'real and justified'

Concerns that the euro zone could slip into recession if the conflict in the Middle East continued are "real and justified" and talks to end the Iran war will be key for the

Stress in private credit could spark 'psychological contagion,' Fed's Barr tells Bloomberg News

U.S. Federal Reserve Governor Michael Barr said stress in private credit could spark "psychological contagion" leading to a broader credit crunch, Bloomberg News reported on Sunday.

Asia finance leaders say they are ready to act to stem volatility risks

Finance leaders of China, Japan, South Korea and the ASEAN group of 10 Southeast Asian states said on Sunday they would pay attention to risks stemming from excessive volatility in

Backed by tech money, a moderate Democrat from Silicon Valley mounts a bid for California governor

Backed by tech money, a moderate Democrat from Silicon Valley mounts a bid for California governor

Here’s what to know about Spirit Airlines shutting down — and what to do if you had a flight with the airline

Here’s what to know about Spirit Airlines shutting down — and what to do if you had a flight with the airline

What a deserted mall in Moscow says about Russia’s economic woes

What a deserted mall in Moscow says about Russia’s economic woes

ADB launches $70 billion plan for energy, digital infrastructure in Asia-Pacific

The Asian Development Bank on Sunday announced a $70 billion programme to expand energy and digital infrastructure across the Asia-Pacific region by 2035, aiming to strengthen

Asian Development Bank offers help to Pacific countries hit by Iran war

The Asian Development Bank said on Sunday it was ready to deliver urgent help to the countries in the Pacific region, which has been rattled by the war in the

Ukraine hits key Russian oil-loading port and 3 'shadow fleet' tankers

Ukraine has launched a wave of strikes against Russia’s oil export infrastructure, hitting a key loading port on the Baltic Sea and three tankers that Ukraine alleges were illegally used to transport Russian crude

Landlords want to be paid for pandemic losses and hope to reach a deal with the Trump administration

A group of landlords are hoping to settle with the federal government over what they say are billions of dollars in losses due to the federal eviction moratorium in place for nearly a year during the pandemic

OPEC+ agrees third oil output quota hike since Hormuz closure

OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran

Berkshire shareholders like Greg Abel, but following Warren Buffett is tough

Greg Abel earns wide praise from shareholders for his leadership and management abilities at Berkshire Hathaway, but the aura created by his

How redistricting and the Supreme Court have cut voters out of US House races

The number of competitive U.S. House of Representatives districts in this fall’s midterm elections was already near historic lows before the U.S.

China, Philippines trade accusations over South China Sea

China accused the Philippines of landing personnel on a disputed reef in the South China Sea on Sunday as Manila said it would dispatch ships to drive off Chinese vessels it

Shakira thrills a crowd of 2 million with free concert on Brazil's Copacabana beach

Shakira has performed a free concert on Copacabana Beach in Rio de Janeiro

Cubans struggle to survive on pocket-size government ration books as products dwindle

Cuba's pocket-size government ration book has been circulating for more than six decades

Spain should get new seat on ECB board, outgoing VP says

Spain should retain a seat on the European Central Bank's Executive Board and even the presidency was a possibility, outgoing ECB Vice President Luis de Guindos said in a

Travel plans upended as Spirit Airlines shuts down, leaving passengers scrambling for other options

Travel plans upended as Spirit Airlines shuts down, leaving passengers scrambling for other options

Inside the complex, secretive business of buying ube, the internet’s new favorite food

Inside the complex, secretive business of buying ube, the internet’s new favorite food

President Trump says he is reviewing a new Iranian proposal to end the war

President Donald Trump says he is reviewing a new Iranian proposal to end the war but expressed skepticism it would be acceptable

Padres announce agreement to sell team to investor group led by Kwanza Jones and José E. Feliciano

The San Diego Padres have reached an agreement to sell control of the team to an investor group led by Kwanza Jones and José E

Berkshire shareholders reject report on workforce oversight, approve say-on-pay

Berkshire Hathaway shareholders on Saturday overwhelmingly rejected a proposal

Berkshire CEO Greg Abel says insurance becoming increasingly competitive

Berkshire Hathaway reported improved first-quarter performance from the conglomerate's insurance businesses, but CEO

Taiwan's president lands in Eswatini in a trip delayed by lack of overflight clearance

Taiwan’s President Lai Ching-te says he has arrived in Eswatini, Taiwan’s only diplomatic ally in Africa, despite flight challenges reportedly due to Chinese pressure

Recent inflation data was 'bad news,' Fed's Goolsbee says 

Inflation data last week was "bad news" for the U.S.

CEO Greg Abel moves to assure Berkshire shareholders in a post-Buffett world, with record cash

Greg Abel moved to assure Berkshire Hathaway shareholders that he will invest wisely and manage the

Americans on a budget mourn loss of low-cost Spirit Airlines

U.S. travelers lamented news of the shutdown of Spirit Airlines on Saturday, saying that the closure of the ultra-low-cost carrier eliminates one of the

Crowd shrinks as Berkshire Hathaway's new CEO leads the annual meeting for the first time Saturday

Berkshire Hathaway’s new CEO Greg Abel opened the first annual meeting without Warren Buffett on stage Saturday

Spirit Airlines shuts down as company says it can't keep up with higher oil prices

Spirit Airlines has announced it is going out of business after 34 years

After Spirit collapse, Duffy says no need for US budget airline bailout

U.S.

Spirit Airlines canceled all flights and is going out of business

Spirit Airlines canceled all flights and is going out of business

Airlines scramble to help stranded Spirit passengers after budget carrier collapses

Major airlines and the U.S. government scrambled to help stranded passengers and employees after bankrupt discount carrier Spirit Airlines

Berkshire CEO Abel says 'we're back to first base' in wildfire litigation

Berkshire Hathaway CEO Greg Abel on Saturday welcomed a recent court

Top Republicans express concern over Trump plan to withdraw troops from Germany

Two top Republican lawmakers expressed concern on Saturday about the Pentagon's decision to withdraw 5,000 troops from NATO ally Germany.

Spirit Airlines shutdown: What to do to get home and get refunds

The collapse of the U.S.-based Spirit Airlines may mark the end of an era for travelers with a certain financial sensibility

Spirit Airlines built a model the industry copied. Then it collapsed

Spirit Airlines has ended its 34-year run, closing the chapter on a discount carrier that reshaped U.S. air travel

Gone are the days when California had a Republican governor – or are they?

Gone are the days when California had a Republican governor – or are they?

Black Americans face a new fight for racial representation after justices' Voting Rights Act ruling

A generation of Black Americans across the South fought in courtrooms and in the streets during the Civil Rights Movement to dismantle barriers to voting

Here’s how Berkshire Hathaway did in its first quarter without Warren Buffett as CEO

Here’s how Berkshire Hathaway did in its first quarter without Warren Buffett as CEO

OPEC+ set for another oil output quota hike despite Hormuz closure, sources say

OPEC+ has agreed in principle to raise oil output targets in June, two sources familiar with the group's thinking said on Saturday, but

Berkshire Hathaway profit rises despite consumer stress, cash sets record

Berkshire Hathaway on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-

Iran standoff could leave Trump worse off than before he went to war

(This May 2 story has been repeated with no changes to the text.)

Fighting reaches outskirts of Kostiantynivka, a Ukrainian stronghold

Russian troops are inching toward the city of Kostiantynivka in Ukraine's eastern Donetsk region, trying to establish a foothold close to a heavily defended area, Ukraine's top

China's Commerce Ministry blocks US sanctions against five refineries

China’s Ministry of Commerce said on Saturday it had issued an injunction to block U.S. sanctions imposed on five Chinese refiners accused of buying Iranian oil, according

Spirit Airlines shuts down, industry's first Iran war casualty

Bankrupt discount carrier Spirit Airlines ceased operations on Saturday, the industry's first

Trump likes the idea of the government owning some US companies but took a pass on Spirit Airlines

President Donald Trump has taken a shine to the government taking stakes in the private sector

The long shadow of the COVID-19 pandemic creeps into the race for Ohio governor

Democrat Amy Acton is running unopposed in her party’s primary for Ohio governor, but she'll face some steep challenges in the November general election

What Spirit Airlines ticket holders need to know

What Spirit Airlines ticket holders need to know

Expensive tortillas, fewer buses: How war in Iran is squeezing Latin America

Expensive tortillas, fewer buses: How war in Iran is squeezing Latin America

Drone kills 2 in Kherson minibus strike, as Russia claims front-line progress

Two people have been killed after a Russian drone attacked a minibus in Kherson, Ukraine, according to local officials

Japan, Vietnam seek deeper energy, minerals ties amid geopolitical risks

(This May 2 story has been repeated with no changes to the text.)

China's railway hit new single-day passenger record on May Day

China's railway network transported 24.8 million passengers on May 1, setting a new single-day record, according to data from the China State Railway Group.

Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says

The tariff hike on cars and trucks from the European Union announced by U.S.

Spirit to halt all flights as of early Saturday

Spirit to halt all flights as of early Saturday

What oil crisis? China’s EVs are ready to dominate the 21st century

What oil crisis? China’s EVs are ready to dominate the 21st century

Inside Italy’s secret ‘Cheese Bank,’ where Parmigiano Reggiano becomes financial gold

Inside Italy’s secret ‘Cheese Bank,’ where Parmigiano Reggiano becomes financial gold

Ukraine is hitting oil facilities deep inside Russia. Soaring fuel prices could blunt the impact

Ukrainian drones are flying deep into Russia to strike oil facilities

In the PR battle for AI data centers, tech giants got a blue-collar ally

Building trades unions have long been considered a voice of the American worker

Fuel crisis uncertainty looms as Croatia gears up for the summer tourism season

Summer is a few months away, but the streets of Croatia’s old town of Dubrovnik are already teeming with tourists

Takeaways from AP report on Trump administration's defiance of lower court orders

Federal judges around the country have raised alarms in recent months about the Trump administration’s failure to follow their orders in individual immigration cases

Africa’s cellphone towers turn to solar as diesel costs surge

Cellphone tower operators across Africa are increasingly turning to solar power to reduce reliance on costly diesel fuel and expand connectivity in off-grid areas

Trump says US Navy acting 'like pirates' to carry out naval blockade of Iranian ports

President Donald Trump said on Friday the U.S.

Coinbase says deal reached on key provision of crypto bill

Coinbase said on Friday a deal has been reached on a key provision in a landmark crypto legislation that could

Spirit Airlines prepares to cease operations overnight, sources say

Bankrupt discount carrier Spirit Airlines is preparing to cease operations around 3 a.m. on Saturday (0700 GMT), two people close to the discussions, who declined to be named as the

Trump expands US sanctions on Cuban government and affiliates

U.S.

Trump says a Spirit bailout still is possible as doubts about the airline's survival mount

President Donald Trump says his administration is still weighing a taxpayer-funded takeover of Spirit Airlines “but only if it's a good deal” for the government

Trump rallies seniors in Florida as Republicans face tough elections

In his first event outside the White House since an apparent assassination attempt, U.S.

US bypasses congressional review for military sales of $8.6 billion to Middle East allies

U.S.

Mexico's Sheinbaum taps new agriculture minister

Mexican President Claudia Sheinbaum has tapped agronomist Columba Jasmin Lopez to be the country's next minister of agriculture and rural development, replacing current

China was the birthplace of recreational drones. Now you can’t buy one in Beijing

China was the birthplace of recreational drones. Now you can’t buy one in Beijing

The Latest: Trump says he's 'not satisfied' with Iran's new peace plan

President Donald Trump said Friday that he’s “not satisfied” with Iran’s latest proposal in negotiations to end the war

ActBlue sues to block Texas attorney general's 'retribution' lawsuit

Democratic fundraising platform ActBlue sued Texas Attorney General Ken Paxton on Friday, trying to block the Republican from pursuing investigations and

US warns European allies including UK and Poland of arms shipment delays, FT reports

Washington has warned European allies including the UK, Poland, Lithuania and Estonia to expect long delivery delays for U.S. weapons as the war

Barclays lifts 2026 Brent forecast to $100 on prolonged Hormuz disruption

Barclays on Friday raised its 2026 Brent crude forecast to $100 per barrel from $85, citing the impasse in the Strait of Hormuz.

Brown University cuts stake in Blue Owl private credit fund by over 50%

Brown University's $8 billion endowment cut its stake in a publicly traded private credit fund run by alternative asset manager Blue Owl Capital by roughly 53%, according to a

HSBC raises 2026 Brent price forecast to $95 per barrel

HSBC raised its 2026 average Brent price forecast to $95 a barrel last week, citing a longer effective closure of the Strait of Hormuz.

GameStop is preparing offer for eBay, WSJ reports

GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer's market value more than tenfold, the Wall Street Journal reported

The Bezos of it all: The Met Gala’s billionaire moment

The Bezos of it all: The Met Gala’s billionaire moment

Colleges continue cutting tennis programs to fund other sports and athlete payments

The NCAA men’s and women’s tennis tournaments are underway and what should be a time of celebration for the sport has had a pall cast over it with more Division I schools announcing this week they would be dropping their programs because of the new financial realities of college athletics

Trump says Iran war 'terminated,' as war powers deadline arrives

U.S.

US LNG exports to Asia surged in April as Middle East conflict curtailed supply

U.S. exports of liquefied natural gas to Asia jumped in April, with American producers helping offset reduced supplies from Middle Eastern exporters as

Purdue Pharma dissolves in bankruptcy, names board of nonprofit successor

Purdue Pharma said on Friday that it has ceased operations and concluded its bankruptcy, re-emerging as a nonprofit focused on treating opioid addiction,

Trump says he's dissatisfied with Iranian proposal as rift with allies deepens

U.S.

US Treasury seen holding coupon sizes steady, leaning on bills as tariff refunds loom

The U.S.

Judge protects Yemeni refugees, slams Trump administration's push to end special status

A federal judge in New York is protecting about 3,000 refugees from Yemen from being forced to leave the U.S., saying the Temporary Protected Status that was repeatedly granted to them should be extended again

Apple leads Wall Street to more records as oil prices pull back

The U.S. stock market set more records after Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts expected

S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week

The S&P 500 and the Nasdaq advanced to record closing highs on Friday, boosted by robust earnings and a dip in crude prices, and turning

Colombia-Ecuador trade collapsing as tariff war intensifies, business groups say

The flow of goods between Colombia and Ecuador is drying up, industry groups on the South American countries' border say, as high

US judge blocks Trump from ending protections for 2,800 Yemeni nationals

A federal judge on Friday blocked U.S.

Saudi oil prince's iron grip faces ultimate test with UAE's shock OPEC exit

Saudi Energy Minister Prince Abdulaziz bin Salman now has an OPEC challenge to deal with on top of the largest ever disruption to

Trump says he's 'not satisfied' with Iran's proposal to end the war

U.S. President Donald Trump says that he’s “not satisfied” with Iran’s latest proposal in negotiations to end war between the countries

Kentucky man charged in deadly bank robbery after high-speed chase

An 18-year-old Kentucky man who led police on a high-speed chase has been charged in a deadly bank robbery that left two people dead

Nations preserve a plan to adopt a global fee on shipping emissions, but keep their options open

The world’s maritime nations preserved a plan to adopt the first global carbon fee on shipping, as they agreed to keep working on it in the fall and adjourned their meeting

Trump says he'll place 25% tariff on autos from the EU, accusing it of not complying with trade deal

The head of the European Parliament trade committee calls President Donald Trump’s tariff hike on European Union automobiles “unacceptable.”

Cuba's Raul Castro joins May Day march as tensions simmer with US

Ninety-four-year-old former leader Raul Castro joined thousands of Cubans in an International Workers' Day march on Friday that passed through the capital of

Trump's tariffs on EU autos show US to be unreliable, says EU parliament's trade committee chair

U.S.

Saks Global sends its bankruptcy plan to a creditor vote

Saks Global received court approval on Friday to send its bankruptcy plan to creditors for a vote, asking them to approve a restructuring that would wipe

WTO plans 10% budget cut as US falls back into arrears, documents show

The World Trade Organization is set to cut about 10% of its spending - including hiring freezes and reductions in short‑term staff - after the U.S. fell

Cboe to cut staff by 20% as exchange operator sharpens focus on core business

Cboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20% reduction in its global workforce.

The Fed subtly signaled that only rate cuts are on the table. Some Fed officials are crying foul

The Fed subtly signaled that only rate cuts are on the table. Some Fed officials are crying foul

Cuba's electric and petroleum workers celebrate their colleagues during massive rally

Tens of thousands of Cubans have crowded along Havana’s famed seawall to celebrate workers on their day, but few are more applauded than those who keep the socialist country powered

Driverless cars in California can now get traffic tickets under new DMV rules

Driverless cars in California can now get traffic tickets under new DMV rules

US manufacturing sector holds steady in April; input costs hit 4-year high

U.S. manufacturing activity held steady in April, but supplier delivery performance worsened as the war in the Middle East disrupted shipping in the

Estee Lauder to cut up to 3,000 more jobs as it pursues Puig deal 

Estée Lauder on Friday raised its annual profit forecast and said it would cut up to 3,000 more jobs globally as it accelerates a broader

Marchers demand reopening of Bosnia's last steel mill

Hundreds of workers marched through Bosnia's central city of Zenica on Friday, protesting against the closure of the country’s last steel mill which they said marked

US to close its flagship Gaza mission as Trump plan stalls, sources say

A U.S. military-run body near Gaza that critics say failed in its mission to monitor the Israel-Hamas ceasefire and boost aid flows to besieged

New York archdiocese to pay $800 million to settle sex abuse cases

The Catholic Archdiocese of New York has agreed to pay $800 million in a settlement with 1,300 sex abuse survivors, one of the largest payouts in a wave

Intel's Sambanova deal gets U.S. antitrust clearance

U.S. antitrust authorities have completed their review of Intel's investment in SambaNova, a chip startup chaired by Intel CEO Lip-Bu ​Tan, according to a regulatory

US Treasury warns shippers not to pay Hormuz tolls, even in form of charity

Any shipper paying tolls to Iran for passage through the Strait of Hormuz, including charitable donations to organizations such as the Iranian Red

Tether slows gold purchases for USDT reserves in first quarter, data shows

Tether, issuer of the world's largest stablecoin, slowed its purchases of gold for its reserves to back Tether USDT in the first quarter to about 6 metric

Gaza aid flotilla activists taken to Crete after Israeli interception

More than 100 pro-Palestinian activists aboard boats carrying aid bound for Gaza were taken to the Greek island of Crete on Friday after Israeli forces seized

Exxon net income falls, output hit by Iran war

Exxon Mobil beat estimates for adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though net income dropped to its lowest

Dollar set for sharp weekly loss versus yen after Japan steps in

The dollar was headed for its biggest weekly loss against the yen since February on Friday after Japan was reported to have intervened to support its

Coty's perfume business takes another knock with David Beckham fragrance lawsuit

Beauty brand Coty is facing a lawsuit from DB Ventures, the company behind former football star David Beckham’s eponymous fragrance, for

Global markets tread water as yen moves dominate currency trading

Global shares steadied on Friday, with U.S. tech stocks rallying anew and investors remaining focused on currency markets after the yen

Crude futures fall on new Iran proposal for peace talks

An Iranian proposal on negotiations with the U.S. sent crude oil futures diving on Friday, but prices remained on track for weekly gains, with Tehran still blocking the

CNN boards first commercial flight to Venezuela in nearly seven years

CNN's David Culver took off on a commercial passenger plane from the US to Venezuela as the countries continue to restore economic ties following the ouster of Venezuela’s strongman leader in January.

STORY REMOVED: US--Climate-AI-Wildfires

Please disregard US--Climate-AI-Wildfires, published on May

Why the 60-day War Powers Resolution deadline doesn’t actually constrain presidents

Donald Trump’s unilateral move to engage in military action against Iran isn’t unprecedented; Presidents Obama and Clinton directed U.S. military engagements without explicit congressional approval

Exorbitantly expensive tickets for early World Cup games still on general sale

Tickets for most of the World Cup group games remain on general sale with just over a month to go until the tournament kicks off on June 11

Profit for the biggest US oil companies declined in the first quarter, but only on paper

Profit for the two largest oil companies in the U.S. tumbled during the first quarter, a three-month period in which the price of crude and gasoline rocketed higher

While Asia and Europe scramble for natural gas, the US glut has nowhere to go

The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf.

Fed's Logan says central bank's next rate move could be cut or hike

By Michael S.

Israeli authorities taking 2 activists from a Gaza-bound flotilla to Israel for questioning

Israeli authorities say they are taking two activists detained in international waters and who led an aid flotilla bound for Gaza to Israel for questioning

S&P 500 profit eyes sharpest quarterly growth in four years after Big Tech results

Analysts' expectations for S&P 500 earnings improved sharply after a week dominated by megacap results, LSEG IBES data showed on Friday, even as oil prices stayed high and tensions

Moderna first-quarter revenue jumps on strong overseas COVID vaccine sales

Moderna surpassed Wall Street estimates for first-quarter revenue on Friday, helped by better-than-expected sales of its COVID-

Canadian factory PMI hits near four-year high on war-related stock building

Canada's manufacturing sector expanded in April at the fastest pace in nearly four years as the war in the Middle East spurred stock building and added to

Wall St opens higher after best month in years

Wall Street's main indexes opened higher on Friday, building on the impetus from their biggest monthly rise in years as confidence in strong earnings overshadowed oil risks.

For private credit borrowers, big maturity walls are further out

For most companies that have borrowed from U.S. private credit funds, the real moment of reckoning - when their loans mature and they need to refinance

Big Pharma M&A set for mega year as patent expiries drive deal urgency

Biotech dealmaking is on pace for a bumper year in 2026, with large drugmakers on an acquisition spree to boost their pipelines ahead of upcoming

Occidental's Hollub, a rare female oil chief, to hand CEO reins to drilling veteran Jackson

Occidental Petroleum CEO Vicki Hollub will retire next month after over a decade as one of the only female bosses of a top U.S. oil company,

Roblox shares tumble as forecast cut signals safety measures weighing on user growth

Roblox shares on Friday plunged to their lowest levels in 18 months after the company cut its annual

AIG keeps private credit in check to shield portfolio from industry jitters; shares rise

AIG has pared back its private credit activity amid current market conditions, the insurer's finance chief said on Friday, helping reassure investors and pushing its

Bronx thieves allegedly stole $1.2 million worth of car parts "like a race car pit crew," DA says

Bronx thieves allegedly stole $1.2 million worth of car parts "like a race car pit crew," DA says

Tens of thousands could lose Medicaid coverage as Nebraska becomes first state to implement GOP work requirement

Tens of thousands could lose Medicaid coverage as Nebraska becomes first state to implement GOP work requirement

How US equipment ended up in the hands of Iran’s allies in Yemen as USAID was disbanded

How US equipment ended up in the hands of Iran’s allies in Yemen as USAID was disbanded

China has now dropped tariffs on imports from every African country except 1

A China policy giving Africa’s biggest economies tariff-free access to its market for the next two years has come into effect

EU-Mercosur trade deal takes provisional effect, boosting hopes and concerns for millions

The long-awaited trade deal between the South American bloc Mercosur and the European Union is finally on, at least provisionally

King Charles III wins praise for deft handling of Trump on his US state visit

President Donald Trump praised King Charles III after the monarch's state visit this week, which is being hailed in the U.K. as a diplomatic triumph

Georgia drought expands to 146 counties, driving up hay costs and raising food price concerns

Georgia drought expands to 146 counties, driving up hay costs and raising food price concerns

Ceasefire hangs in the balance as Iran sends peace proposal to mediators

Ceasefire hangs in the balance as Iran sends peace proposal to mediators

UK factories, hit by Iran war, brace for higher costs and more delivery delays

A gauge of British manufacturers' cost pressures jumped in April and delivery delays were the most widespread since mid-2022 due to the standoff in the

Colgate-Palmolive warns of $300 million cost hit from Middle East conflict

Colgate-Palmolive on Friday said it expects about $300 million in additional raw material and logistics expenses for the year, joining a host of global companies flagging significant

Cboe to cut staff by 20% as exchange operator sharpens focus on core business

Cboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20% reduction in its global workforce.

Ukraine strikes Russian port of Tuapse again as environment crisis deepens

Ukrainian drones struck Russia's Black Sea port of Tuapse on Friday for the fourth time in 16 days as authorities struggled to cope with a mounting

HF Sinclair posts surprise quarterly profit on higher refining margins

HF Sinclair posted a surprise first-quarter adjusted profit on Friday, helped by higher refining margins, refined product sales and throughput volumes.

Iran crisis hampering aid to refugees as supply chain costs soar, UN warns

The cost of sending some aid to Sudan - the world's largest displacement crisis - has more than doubled since the Iran war disrupted shipping, pushing

Fed's Hammack says no longer appropriate to signal rate cut bias

By Michael S.

Fed should ditch rate-cut lean because of oil shock, policymakers say

By Howard Schneider and Michael S.

Ares' record $30 billion fundraising eases private credit 'doomsday' fears

Ares Management, one of the biggest names in private credit, reported record first-quarter fundraising of about $30 billion on Friday, a sign

BYD's sales downturn extends to eighth straight month

Chinese EV giant BYD's vehicle sales fell for an eighth straight month in April, down 15.5% from a year earlier and extending its longest-ever downturn as it struggles with

US criticises Zambia for lack of engagement as $1 billion health deal stalls

The United States has criticised Zambia for failing to engage on a new health aid agreement governing more than $1 billion in U.S. funding, saying repeated outreach from

Lazard's profit surges on asset management inflows amid market volatility

Investment bank Lazard reported a 67% jump in first-quarter profit on Friday, as resilient client demand boosted its asset management business during a period of heightened market

AI data center boom is leaving consumer electronics short of chips − even though they don’t use the same kinds

Data centers need powerful chips, while smartphones need chips that are energy efficient. A supply chain scholar explains why chipmakers’ focus on the former comes at the expense of the latter.

England’s ‘once in a generation’ housing law takes effect as US housing legislation sits in congressional purgatory

The US and UK both face a housing crisis. But while US policy has stalled, the UK has just enacted major protections for renters.

Syphilis cases in expectant mothers have dramatically risen since the pandemic – here’s what’s driving the trend

First-trimester screening and intervention has the greatest potential to prevent maternal syphilis. But 1 in 4 pregnant people do not have access to prenatal care during the first trimester.

What’s in the price of a gallon of gas?

As US gas prices climb, politicians are looking at ways to lower them. An economist breaks down what does − and doesn’t − move the number on the sign at the gas station.

Israel and the UAE find common cause as the Iran war cracks old Middle East alliances

Israel and the UAE find common cause as the Iran war cracks old Middle East alliances

ExxonMobil and Chevron earnings fall, but bigger profits are on their way because of soaring oil prices

ExxonMobil and Chevron earnings fall, but bigger profits are on their way because of soaring oil prices

Deere names insider Brent Norwood as finance chief

Tractor maker Deere on Friday named company insider Brent Norwood as its chief financial officer, following the departure of long-time finance chief Joshua Jepsen in February.

Tesla sales rebound continues in several European markets in April

Registrations of Tesla cars continued to rebound in France, Denmark and the Netherlands in April, but fast-moving Chinese rivals such as BYD kept chipping away

ECB's Makhlouf concerned energy prices may stay higher for longer

European Central Bank Governing Council member Gabriel Makhlouf said he is concerned that energy prices may stay higher for longer without a clear timeline for the end of

Reddit rallies as AI‑driven ad growth fuels strong revenue outlook

Reddit shares jumped over 12% on Friday after an upbeat quarterly revenue forecast underscored growing returns from the social media company's AI-driven advertising

So much news, so little time

Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! 

US stocks rally could find fuel in earnings, jobs data amid surging oil prices

Investors will look for another batch of earnings reports and fresh employment data to drive a resilient U.S. stocks rally higher next week, in the face

Apple shares rise on strong quarterly sales in run-up to CEO change

Apple shares jumped 3.6% in early trading on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show of momentum as

Magna tops quarterly profit, sales estimates on auto parts demand

Magna International topped analysts' estimates for first-quarter sales and profit on Friday, helped by stronger foreign exchange and resilient demand for its auto parts.

Estee Lauder plans to cut up to 3,000 more jobs, lifts annual profit forecast

Estee Lauder on Friday raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs globally as it accelerates a broader restructuring,

After major enforcement operations, the Trump administration recalibrates its immigration crackdown

President Donald Trump’s administration appears to be recalibrating its centerpiece policy of mass deportations after a series of major immigration enforcement operations in American cities soured the public’s mood on it

Financial firms last month did not expect BoE to raise rates, BoE survey shows

Financial firms surveyed by the Bank of England last month did not expect the central bank to raise interest rates this year, though they no longer expected rates to be cut,

Trump is supposed to get Congress’ approval when the Iran war hits 60 days. Lawmakers can’t agree when that is

Trump is supposed to get Congress’ approval when the Iran war hits 60 days. Lawmakers can’t agree when that is

Insurance broker Aon profit jumps on risk management strength

Insurance brokerage firm Aon reported higher first-quarter profit on Friday, on the back of strong demand for its risk-management solutions.

Chevron's upstream strength lifts first-quarter earnings past estimate

Chevron exceeded Wall Street estimates for its first-quarter earnings on Friday, as elevated oil prices linked to the U.S.-Israeli war on Iran helped boost

'I'm going to survive and grow': Arizona man rises from homelessness to first-time grad

'I'm going to survive and grow': Arizona man rises from homelessness to first-time grad

Bessent wants Americans to avoid easy-money traps and invest in financial literacy

Treasury Secretary Scott Bessent says he’s concerned about the allure of easy money — lottery tickets, buy now, pay later loans and the promise of a crypto windfall

It was another wild month for markets. Here’s what it means for you

It was another wild month for markets. Here’s what it means for you

Japan may have spent $35 billion in yen-buying intervention, BOJ data shows

Japan may have spent as much as 5.48 trillion yen ($35 billion) bolstering its embattled currency, central bank data indicated on Friday,

Californians now paying 6 bucks a gallon for kicks on Route 66

Motorists commemorating the centennial of U.S.

Sell in May and go away? Not so fast, investors

Blindly following the old Wall Street adage "sell in May and go away" may prove costly, as investors weigh whether to call time on a powerful market

Yen jumps sharply as Japan warns it is ready to intervene again

Japan's yen jumped sharply on Friday as the country's top foreign exchange diplomat said Tokyo was ready to step

Syria relies on Russia's oil despite pivot to the West

Russia has emerged as the main supplier of oil to Syria, Reuters reporting shows, despite the new government's alignment with the West and widespread

SpaceX spending on Starship tops $15 billion in rush for airline-like rocketry

SpaceX has spent more than $15 billion developing its next-generation Starship rocket, according to the company’s IPO registration reviewed

Antigua and Barbuda PM Browne wins fourth term promising growth

Antigua and Barbuda Prime Minister Gaston Browne won a landslide election victory late on Thursday, securing a fourth term after a campaign

Medicare Advantage health plans may cut extra benefits in 2027

Americans enrolled in Medicare Advantage health plans should expect to see fewer extra benefits like gym memberships and vision and dental coverage next

US Navy turns to AI firm Domino for options to counter Iranian mines

The U.S.

US names Vietnam as top concern country in intellectual property rights report

The U.S.

Sell in May? Let's find out

From high oil prices and the conflict in the Middle East to Japan's yen, the latest U.S. jobs data, an Australian rate decision, and a UK local election: there's plenty for

Standard Chartered pivots to June ECB hike from no hike in 2026 outlook

Standard Chartered said it expects the European Central Bank to deliver a 25-basis-point rate hike in June, having previously

Japan signs first $2.2 billion loan under $550 billion US investment pledge

Japan has signed a $2.2 billion loan agreement for the first batch of projects under its $550 billion U.S. investment pledge, kicking off financing tied to a trade deal that

Japan's big trading houses expect record profits but utilities forecast pain as Iran war weighs

Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high,

ECB policymakers make case for rate hike as inflation may linger

The European Central Bank may need to tighten policy, perhaps as soon as June, policymakers said on Friday, warning that the inflation outlook is

Japanese yen jumps against dollar hours after intervention

The yen suddenly jumped against the dollar on Friday, a day after Tokyo authorities were widely believed to have intervened to prop up the Japanese currency.

Dubai chefs shrink menus as Iran war makes tomatillos, scallops harder to source

Dubai chef Shaw Lash at Mexican restaurant Lila Molino flies in her avocados and tomatillos, small, tart green fruits native to Central America that are a staple of Mexican

UK house prices rise in April despite Iran war headwinds, Nationwide says

British house prices unexpectedly rose for a fourth month in a row in April, despite headwinds to consumer confidence from conflict in the Middle East,

What would Japanese intervention to boost a weak yen look like?

Japan intervened to support the yen against the U.S. dollar on Thursday, sources familiar with the matter told Reuters, in their latest

Never mind the oil, feel the earnings!

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

Toyota to post fourth straight quarterly profit drop as Middle East risks, costs mount

Toyota is expected to report a fourth successive year-on-year decline in quarterly operating profit next week, as rising material and labour costs and the

More states join legal challenge to Nexstar, Tegna merger

Five more U.S. states are joining an antitrust lawsuit challenging Nexstar's acquisition of rival broadcaster Tegna after a ‌judge

Habitat for Humanity is developing a new Atlanta community with help from the Carters' initiative

Two years after his death, President Jimmy Carter is still inspiring Habitat for Humanity's efforts to build more affordable housing in the U.S. Over five days in May, nearly 1,000 volunteers with the international nonprofit will finish building 24 new housing units in Atlanta

Federal monitor flags 'dysfunction' in UAW's management of investments

A federally appointed monitor overseeing the United Auto Workers found “multiple points of breakdown” in a delayed investment of union funds that

SEC clears Nasdaq proposal for prediction market options tied to benchmark index

The U.S.

Ukraine sees path to getting Japanese arms after Tokyo eases export rules

Japan's relaxation of its weapons-export rules opens a path for talks that could one day lead to Tokyo supplying military equipment to help

Brazil's government to announce new measures on household indebtedness next week

Brazil's government will announce on Monday new measures to tackle household indebtedness, President Luiz Inacio Lula da Silva said on Thursday, signaling that the

Japan's factory activity growth hits 4-year high on stockpiling, PMI shows

Japan's manufacturing activity grew at its strongest pace in over four years in April, as companies ramped up production and stockpiled goods amid supply chain disruptions

Huawei expects AI chip revenue to jump at least 60% this year, FT reports

Huawei expects revenue from its AI chips to jump at least 60% this year, boosted by strong demand for domestic offerings from Chinese companies, the Financial Times reported on

South Korean April exports rise 48.0% y/y as chip boom extends

South Korean exports rose for an 11th month in April, beating forecasts, as the global appetite for artificial intelligence infrastructure

Apple’s new CEO will inherit strong sales and even greater expectations

Apple’s new CEO will inherit strong sales and even greater expectations

US Congress passes 45-day surveillance law extension

Congress on Thursday passed a 45-day extension of the Foreign Intelligence Surveillance Act, prolonging a debate about a section of the spy law that critics say

S&P Dow Jones Indices considers new index rules as mega IPOs loom

S&P Dow Jones Indices said on Thursday it has kicked off a consultation that could result in major changes to rules governing the entry of companies into its indexes such as the S

Argentina's Casa Rosada invites journalists back starting Monday

Argentina's Casa Rosada, where government press conferences are held, will allow accredited journalists back on Monday after blocking access last week, a

Iran threatens painful response if US renews attacks

Iran said on Thursday it would respond with "long and painful strikes" on U.S. positions if Washington renewed attacks and

US FEMA reinstates employees it placed on leave after letter of dissent

The U.S.

US Treasury trots out Marvel comics, 'Trump accounts' in financial literacy drive for kids

The topic of financial literacy may not excite most middle-school students, but the U.S.

Core inflation in Tokyo slows, seen accelerating on energy shock

Annual core inflation in April hit a four-year low and stayed below the central bank's 2% target for a third straight month, as fuel and education subsidies

RBA to raise cash rate to 4.35% on May 5 and growing minority of economists expect further rise: Reuters poll

The Reserve Bank of Australia will raise its cash rate by 25 basis points for a third straight meeting on May 5, taking it to 4.35%, according to a

Australia's Qantas extends schedule changes, cuts local capacity through September

Australia's Qantas Airways extended its schedule adjustments across its international and domestic networks through September on Friday, citing Middle East tensions, elevated fuel

Irish manufacturers see steepest rise in costs since 2022

Irish manufacturing activity grew at the fastest pace in four years in April, but firms also faced their sharpest rise in input costs since September 2022 on the back of the

Shut out from the US, the world’s largest EV maker still thinks it can stay on top

Shut out from the US, the world’s largest EV maker still thinks it can stay on top

Investment group comes forward to buy the Vancouver Whitecaps and move team to Las Vegas

An investment group has come forward to buy the Vancouver Whitecaps and relocate the Major League Soccer club to Las Vegas

‘A big opportunity for the country’: First commercial flight from US lands in Venezuela after nearly 7 years

‘A big opportunity for the country’: First commercial flight from US lands in Venezuela after nearly 7 years

Louisiana delays US House primary to draw new map after Supreme Court ruling

Republican Louisiana Governor Jeff Landry on Thursday suspended the state's May 16 congressional primary election just two days before early voting was set to begin,

Clorox cuts annual profit forecast as demand softens

Clorox

Trading Day: AI glow brightens, Japan intervenes

U.S. stocks surged on Thursday to close a remarkable month on a high as strong tech earnings and investment figures suggested that the AI boom

Twilio raises annual revenue growth forecast on AI-driven demand, shares jump

Twilio raised its full-year forecast on Thursday and posted stronger-than-expected first-quarter results, signaling sustained demand for its cloud communications tools as

Apple shares rise as iPhone 17 and MacBook Neo drive forecast

Apple on Thursday touted blowout demand for its flagship iPhone 17 and the MacBook Neo that helped power a solid sales forecast and

Stryker misses quarterly estimates on muted demand for medical devices

U.S. medical device maker Stryker on Thursday maintained its full-year profit outlook but missed Wall Street estimates for first-quarter profit and revenue, weighed down by softer

Gallagher's profit jumps on AssuredPartners buy, commissions and fees growth

Arthur J.

Sandisk joins Western Digital, Seagate in signaling strong AI storage demand

Sandisk forecast quarterly revenue above estimates on Thursday, joining peers Western Digital and Seagate in signaling that enterprise spending on data storage

Trump lifts tariffs on UK whisky to toast departing King Charles

U.S.

LIV Golf isn't the only sports property being reconsidered in Saudi reboot of investment strategy

The billionaires in Saudi Arabia are pulling the plug on LIV Golf

FEMA workers who sounded alarm over nation's disaster preparedness reinstated after 8 months

Fourteen FEMA employees who signed a public letter criticizing the nation's disaster preparedness have been reinstated after eight months on paid leave

Gas prices in Massachusetts rise another 20 cents in past week

Gas prices in Massachusetts rise another 20 cents in past week

Baltimore-area businesses, neighbors concerned about Key Bridge rebuild timeline

Baltimore-area businesses, neighbors concerned about Key Bridge rebuild timeline

Apple beats out earnings estimates with continued iPhone momentum

Apple has posted strong quarterly earnings, beating out Wall Street expectations

Trump gives go-ahead to major new Canada-US oil pipeline

President Donald Trump has granted a key approval to a major new pipeline that would move oil from Canada into the central U.S. The three-foot-wide Bridger Pipeline Expansion would carry up to 550,000 barrels of oil a day from the Canadian border with Montana down through eastern Montana and Wyoming, where it would link up with another pipeline

Trump signs executive order expanding workers’ access to retirement plans

Trump signs executive order expanding workers’ access to retirement plans

UPS CEO says drug delivery strategy a good antidote to economic uncertainty

United Parcel Service's efforts to grow its share of the lucrative

High oil prices due to the Iran war weigh on everything from the gas pump to consumer goods

As the Iran war enters its third month, consumers are paying for its disruption of worldwide energy production

Trump signs order authorizing oil pipeline project partially reviving Keystone XL

U.S.

US Senate bans its members, staff from betting in prediction markets

The U.S.

Roku raises annual platform revenue forecast, shares climb

April 30 - Roku raised its annual platform revenue forecast on Thursday, signaling confidence that advertisers will continue to spend on its streaming platform, sending its shares up 10% in extended

Insurer AIG's quarterly profit surges on steep fall in catastrophe losses

Insurer AIG posted a sharp rise in quarterly adjusted profit on Thursday, driven by strong underwriting and a steep decline in catastrophe-related losses from a year earlier when

Mexico holds growth forecast despite recent slowdown, lifts inflation view

Mexico's finance ministry on Thursday kept its 2026 economic growth forecast unchanged, maintaining a relatively upbeat stance even after preliminary data showed the

Panama president says port caught in US-China dispute

Panama President Jose Raul Mulino said his country maintains a positive relationship with China despite being caught up in a dispute between the Asian

Roblox slashes annual bookings forecast as new safety features take their toll

Roblox cut its annual bookings forecast on Thursday, signaling that new safety initiatives may impact user growth and spending on its popular videogame platform

Amgen sales rise 4% in first quarter, broadens weight-loss drug development

Amgen on Thursday said its first-quarter product sales rose 4%, helped by demand for cholesterol and rare disease medicines, as it moves forward with a broad

Bonds, stocks climb on oil's pullback; yen jumps after Japan's currency intervention

Global bond prices and stocks rose on Thursday as oil prices retreated from four-year highs, while the yen jumped after

China, US economic chiefs raise complaints in 'candid' call ahead of Trump-Xi summit

The top U.S. and Chinese economic officials held "candid" talks on Thursday ahead of a meeting set for May between President

Ackman blames retail traders for fund's weak Wall Street debut

Billionaire Bill Ackman on Thursday blamed retail investors for the roughly 18% drop in his newly listed closed-end fund's stock price a day earlier,

US House passes farm bill after scrapping pesticide language opposed by MAHA

The U.S.

Woodside struggles to sell LNG volumes at Louisiana LNG plant, sources say

Australia's Woodside Energy is struggling to sell liquefied natural gas volumes from its planned Louisiana LNG export

Meta CEO Zuckerberg blames layoffs on capital spending, won't rule out more job cuts

Meta Chief Executive Mark Zuckerberg attributed the Facebook parent's planned layoffs to increased capital spending for AI, and declined to rule out

Rivian says US loan for Georgia plant set to be smaller but quicker

Rivian said on Thursday it will get up to a $4.5 billion loan from the U.S.

Reddit expects revenue above estimates as AI tools fuel ad growth

Reddit forecast second-quarter revenue above analysts' estimates on Thursday betting on its AI-powered tools to boost advertising on the platform and sending its

Trump says he's lifting certain tariffs on Scotch whisky after royal visit

President Donald Trump says he's removing certain tariffs on Scotch whisky after this week’s White House visit by King Charles III and Queen Camilla of the United Kingdom

Elon Musk spars with OpenAI attorney in trial over company's evolution from a nonprofit

Elon Musk on Thursday sparred with an attorney for OpenAI during his third day of testimony in the contentious trial over the company’s pivot from nonprofit status to a for-profit venture valued at hundreds of billions of dollars

Congress approves short-term extension of divisive US surveillance program hours before expiration

Congress gave approval to a short-term extension of a key U.S. surveillance program as they continue to work toward a long-term deal

Trump administration defers $91M more in Minnesota Medicaid funding citing fraud vulnerabilities

The Trump administration has deferred an additional $91 million in Medicaid funding to Minnesota, citing concerns about fraud in state-run programs

Beagle farm break-in: Activist to stand trial, dogs to be sold

Beagle farm break-in: Activist to stand trial, dogs to be sold

Takeaways from Hegseth's first hearings in Congress since the start of Iran war

Defense Secretary Pete Hegseth has appeared before Congress at a pair of hearings this week for the first time since the Trump administration started the Iran war

US hits Congo's former president with sanctions over support for rebels

The Trump administration has imposed sanctions on former Congolese President Joseph Kabila for his alleged role in funding and providing political support to rebel groups operating in the east of his country

Gianni Infantino affirms at the FIFA Congress that Iran will participate in the World Cup

FIFA President Gianni Infantino opened his address at the FIFA Congress by affirming that Iran will participate in the World Cup and that the team will play in the United States despite the conflict between the two nations

Elon Musk’s courtroom showdown with Sam Altman started this week. The biggest takeaways so far

Elon Musk’s courtroom showdown with Sam Altman started this week. The biggest takeaways so far

US stocks rally to the finish of their best month since 2020, even as oil prices whipsaw