Economy

Ex-civil rights agency commissioner fired by Trump drops lawsuit in wake of Supreme Court ruling

A former Democratic commissioner of one of the country’s top civil rights agencies has dropped a lawsuit challenging her dismissal by President Donald Trump

Trump says Walmart cut prices at his request, but Walmart statement omits administration's role

President Donald Trump is claiming credit for Walmart's recent price cuts, though the retailer's statement doesn't mention his administration's involvement

US prosecutors credit gold trader in Iran sanctions case with key help ahead of sentencing

U.S. prosecutors are setting the stage for seeking leniency at next week's sentencing for a Turkish-Iranian businessman who provided key testimony at a corruption trial nearly a decade ago related to sanctions against Iran

Obamacare rolls shrank dramatically in many states over the past year, new federal data shows

New federal data reveals the first 50-state look at a steep drop in Affordable Care Act enrollment after enhanced subsidies expired in January

Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico

Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from

BRICS alternatives to dollar no longer a 'fantasy,' economist O'Neill says

A quarter of a century since he spotted the growing clout of emerging-market countries, the economist who coined the BRIC acronym said those countries

Trading Day: Chips bounce back, oil eases

Wall Street advanced on Monday as a rebound in semiconductors put the Nasdaq on top.

Vertex to buy Crinetics for $10 billion in rare-diseases push

Vertex Pharmaceuticals will buy Crinetics Pharmaceuticals for a total equity value of about $10 billion, the companies said on Monday, adding treatments for rare

Cuba begins to restore power to Havana following nationwide blackout

Cuba began to slowly restore power on Monday after the country's national electric grid collapsed earlier in the day, the latest blow to

Rebounding AI stocks send the S&P 500 within 1% of its record

A rebound for AI stocks lifted the U.S. market

More than 373,000 US customers without power due to extreme weather

More than 373,000 homes and businesses were without power as of Monday due to extreme weather conditions across several areas of the United States, according to data from

Britain, Netherlands, Finland, Poland say they are making progress on defence plan

Britain, the Netherlands, Finland and Poland are making "significant progress" on the Multilateral Defence Mechanism planned by the four nations and aim to establish it by

Europe's central banks may come under political pressure, Panetta says

Central banks in Europe could come under growing pressure from governments facing rising demands for pension spending and industrial support, European Central Bank

ECB's Schnabel says Iran shock is not over

The euro zone's economy is not back to its state before the Iran war despite a drop in oil prices, as core inflation remains strong and price pressures continue, European

S&P 500, Nasdaq close sharply higher as Broadcom rallies

The S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies

Bank of Israel cuts rates, governor sees more easing as long as inflation behaves

The Bank of Israel cut short‑term interest rates for a second straight meeting on

WEF founder Schwab seeks return to forum through advisory role, WSJ reports

The World Economic Forum's founder, Klaus Schwab, has plotted a return to the organisation through an advisory role that would give him a say in appointing its future leadership,

Waukesha County residents now eligible for FEMA assistance following April storms, flooding

Waukesha County residents now eligible for FEMA assistance following April storms, flooding

MUFG CEO warns weak yen inflation may stifle demand, threaten growth

The CEO of Japan's largest banking group warned that sustained inflation driven by a depreciating yen could hit consumer sentiment and the

Fed's Waller: Forward guidance 'valuable,' though not at all moments

Forward guidance can be a "valuable tool" that speeds the impact of monetary policy under the right circumstances, though it can be a problem when used

As far right eyes Elysee, French centrists pledge growth-friendly budget restraint

Leading centrist presidential hopefuls are promising corporate France they can tame the public finances without

As Khamenei mourners fill Iran's streets, discontent still simmers

Iran's theocratic rulers are mobilising mass crowds of the revolutionary faithful on the streets of Tehran, but behind the display of

Oil prices settle at pre-Iran war levels as crude output grows

Oil prices settled around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target

Trump says there will either be a deal with Iran or US will 'finish the job'

President Donald Trump said on Monday the United States would either reach a deal with Iran or "finish the job,"

Senegal's Faye plans to form his own political party

Senegal's President Bassirou Diomaye Faye is planning to set up his own political party, a coalition supporting him said, the latest evidence of a durable split with his

Elon Musk's bid to set aside Twitter fraud verdict rejected by US judge

A federal judge on Monday rejected Elon Musk's bid to void a jury verdict finding that the world's richest person defrauded Twitter investors by trying to drive

Waller says risks in US tilted towards high inflation

U.S. Federal Reserve Governor Christopher Waller said on Monday that high inflation is the chief risk facing the Fed given a labor market that remains stable.

Stocks surge on chip news, oil holds at pre-war levels

Wall Street surged on Monday and oil prices settled around pre-Iran war levels, as investors eyed new developments in the AI and chipmaker sector ahead

Thousands still without power after damaging weekend storms hit Oklahoma

Thousands still without power after damaging weekend storms hit Oklahoma

Microsoft cuts 4,800 jobs, including many at Xbox in a 'reset' of its gaming division

Microsoft has announced it is cutting 4,800 jobs, including many in its Xbox division

Flood recovery efforts underway at Parkside East Apartments, almost 400 displaced

Flood recovery efforts underway at Parkside East Apartments, almost 400 displaced

Microsoft axes about 4,800 jobs, including major cuts to Xbox

Microsoft axes about 4,800 jobs, including major cuts to Xbox

US service sector growth dips in June; employment rebounds after months of contraction

U.S. services sector activity dipped in June as some of the boost from businesses rushing to place orders amid the Middle East war ebbed, but employment rebounded after

Argentina to tap multilateral loans, privatizations to meet debt payments

Argentine Economy Minister Luis Caputo said on Monday the government expects to meet debt payments through 2027 with multilateral loans, privatizations

Russian drivers' patience is tested as fuel shortages drag on ​

With a nearly empty tank, Daria's car kept stalling as it inched forward in a long line at a filling station in Russia's Leningrad region which surrounds St Petersburg.

Companies cutting jobs as investments shift toward AI

Microsoft said on Monday it is cutting about 2.1% of its workforce, or roughly 4,800 jobs, as the Windows maker restructures parts of its commercial and Xbox businesses, joining

Trump says 500,000 children receive first $1,000 Trump account deposits

President Donald Trump said on Monday the government had deposited the first $1,000 into more than 500,000 "Trump Accounts," a program

Dollar steadies, keeps yen pinned near 40-year lows

The Japanese yen struggled near four-decade lows on Monday, raising the risk of official intervention, while the dollar steadied after last week's soft jobs

Ukrainian drones hit Russia's largest refinery, in one of deepest strikes yet

Ukrainian drones struck Russia's largest oil refinery in Omsk, deep in Siberia, on Monday in what would be one of Ukraine's longest-range attacks of the war, Kyiv's military said on

Tencent unit raises $1.5 billion from Kuaishou share sale, term sheet shows

Tencent Mobility, a unit of Tencent Holdings, has raised about $1.5 billion by selling shares in Chinese short-video company

Canadian firms' inflation outlook eased after Iran ceasefire, BoC survey finds

(Corrects paragraph 2 to show next rate decision is next week, not in three weeks; corrects paragraph 8 to show figure was higher, not lower) By Promit Mukherjee and David Ljunggren OTTAWA, July 6 (

NY Fed says supply chain pressures eased in June

Global supply chain pressures eased in June, the Federal Reserve Bank of New York said on Monday, as the impact of the Middle East war began to fade.

German cabinet approves 2027 draft budget, hikes defence, investment spending

Germany's cabinet approved the first draft of the 2027 budget on Monday, ramping up investment and defence spending to shield its sluggish economy from war

Broadcom secures role as key Apple supplier with chip deal through 2031

Broadcom said on Monday it will expand its partnership with Apple through 2031 to develop and supply custom chips, cementing the chipmaker's role

Trump Accounts are now live. Here’s what you need to know

Trump Accounts are now live. Here’s what you need to know

Trump rings Wall Street's opening bells as he ties his presidency to stock market gains

President Donald Trump has rung the opening bells for the New York Stock Exchange and the Nasdaq from the Oval Office

NATO chief demands allies present credible plans to reach defense spending targets

NATO Secretary-General Mark Rutte has demanded that member states present clear plans to meet defense spending targets at their annual summit

Goldman Sachs hires Google's Evan Kotsovinos as partner, division engineering head

Goldman Sachs said on Monday that Evan Kotsovinos has joined the banking giant from Google as a partner and head of asset and wealth management engineering.

War threatens Russian banking crisis, European intelligence report says

Russia risks an "explosive" banking crisis because lenders are shouldering much of the burden of the country's war economy, a European state intelligence report seen

Solstice buys Element Solutions in $14.5 billion deal, sharpens focus on AI market

Honeywell spinoff Solstice Advanced Materials said it will buy peer specialty chemical company Element Solutions in a $14.5 billion deal, as it seeks to capitalize on

Renault making higher profits on compact electric models than Megane, says CEO

Renault Group is achieving better margins on its compact electric R5 than larger models like the Megane or Scenic, CEO Francois Provost told French business daily Les Echos

Armenia hopes it can resolve 'problematic issues' with Russia, PM Pashinyan says

Armenian Prime Minister Nikol Pashinyan said on Monday that he hoped the South Caucasus country could mend its relationship with Russia and resolve certain "problematic

EasyJet shares reveal deal risk as $7.3 billion takeover advances

Shares in easyJet hit four-year highs on Monday after the British budget airline agreed in principle to a £5.5 billion

Lockheed Martin to buy Ultra Maritime for $3.45 billion

Lockheed Martin will buy naval defense company Ultra Maritime from private equity firm Advent for $3.45 billion, bolstering its portfolio as global demand for military technology

Wall St opens higher as chip shares recover

Wall Street's main indexes opened higher on Monday, extending last week's rally as chip stocks rebounded, while investors looked ahead to central bank minutes and the start of the

Micron, Ford sign semiconductor supply agreement for vehicles

Micron Technology and Ford Motor on Monday signed a ​long-term agreement to secure the supply for memory and storage ‌platforms used in the automaker's next-generation vehicle

Canada's services PMI hits four-month low on geopolitical uncertainty

Canada's services economy contracted in June as geopolitical uncertainty and elevated prices dampened demand, S&P Global's Canada services PMI data showed

Microsoft to cut 4,800 jobs, overhaul Xbox unit

Microsoft said on Monday it would cut 4,800 jobs, or about 2.1% of its global workforce, overhauling its Xbox gaming business and divesting up to

AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says

Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well

ITV and Comcast's Sky reshape British TV landscape with $2.1 billion deal

Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a

Pakistan mediating Libya unity push as rival camps seek deal, Pakistani sources say

Pakistan has quietly begun mediating between Libya's rival eastern and western power centres, two Pakistani sources said, in a

Azerbaijan summons Russian envoy over attack on SOCAR fuel station in Ukraine

Azerbaijan's Foreign Ministry said on Monday it had summoned Russia's ambassador to protest against what it said was a Russian drone strike on a fuel station belonging to

TeraWulf jumps on $19 billion data center lease deal with Anthropic

TeraWulf said on Monday it signed a 20-year lease with Anthropic for data center infrastructure, a deal expected to generate about $19 billion in contracted revenue, sending the

Families rally to help seniors displaced by Darby House fire: 'We have to take care of them'

Families rally to help seniors displaced by Darby House fire: 'We have to take care of them'

‘Shooting ourselves in the foot’: Johnson’s growing crisis over his unruly majority

‘Shooting ourselves in the foot’: Johnson’s growing crisis over his unruly majority

US back-to-school bargain hunt starts early as higher bills pressure families (July 6)

(Corrects paragraph 6 to say 47% refers to the share of families expecting to spend more than last year, not the percentage increase in spending. Removes the incorrect reference in the first bullet.)

Hedge funds dumped chip stocks for a fourth week as AI shares sold off

U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a client note from Goldman Sachs on Friday, in line with a recent

Volkswagen CEO faces acid test from unions over swingeing job cut plans

Volkswagen CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German

Financial services AI dangers highlighted by regulator's review

Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing

UK's Burnham vows discipline on fiscal rules he may need to bend

Britain's prime minister-in-waiting, Andy Burnham, promises radical change while sticking to the country's fiscal rules, a strategy that needs

Shippers Maersk and Hapag-Lloyd begin return to Suez Canal trade route

Shipping groups Maersk and Hapag-Lloyd will resume some sailings through the Suez Canal under their Gemini joint network, Maersk said on Monday, hitting shares of both

Kremlin says Russia-China naval drills are not a threat to other nations

The Kremlin said that joint naval drills between Russia and China which kicked off on Monday in the waters and airspace off the Chinese city ​of Qingdao were not directed

South Korea's SK Hynix launches $28 billion US listing to ride global AI wave

South Korean chipmaker SK Hynix on Monday launched a U.S. share sale to raise 43 trillion won ($28.07 billion) and drew indications of interest for up to $7 billion from major

It may be almost impossible to make data centers pay their ‘fair share’ of electricity costs

Setting a price for power might seem straightforward, but in reality it’s extremely complicated – and residential customers have very little influence in the decision.

Why only 13% of surplus food gets donated by US supermarkets and other retailers to help hungry people – and how food pantries are trying to gather more

Picking up food more frequently from supermarkets doesn’t close the gap between what’s donated and could be donated, a supply chain scholar explains.

We knew this Super El Niño would be intense. But it could end up being even worse than anticipated

We knew this Super El Niño would be intense. But it could end up being even worse than anticipated

How Cracker Barrel saved itself

How Cracker Barrel saved itself

World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began,

France softens stance on Turkey SAMP/T air defence sale, sources say

France is open to a possible sale of the Franco-Italian SAMP/T air-defence system to Turkey after years of

Growing number of Brazilian companies seek out-of-court debt fixes amid high rates

Markets were rattled earlier this year when sugar and ethanol company Raizen sought Brazil's largest-ever out-of-court debt

ESM sees euro zone recession if US sell-off, new Middle East war hit at once

A renewed Middle East conflict and a U.S. asset sell-off are the two biggest risks to the euro zone, which, if twinned, could tip

Euro zone investor morale improves significantly in July, Sentix survey shows

The Sentix index measuring investor morale in the euro zone currency area improved significantly more than expected in July, with its third increase in a row bolstered by

From payrolls to profits

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Markets began the week on a mixed note, with Asian shares

In race against Lula, Flavio Bolsonaro lobbies Washington to delay Brazil tariff

Brazilian Senator Flavio Bolsonaro plans to urge the Trump administration at a Washington hearing on Monday to delay a

NATO defence push already strains Europe's budgets

NATO Secretary General Mark Rutte will insist at this week's alliance summit that member states are keeping their promise to boost defence spending.

Cuba’s hotels sit empty as US pressure campaign drives tourists away

Cuba’s hotels sit empty as US pressure campaign drives tourists away

A visual guide to the Venezuela earthquakes

A visual guide to the Venezuela earthquakes

Almost every Russian region hit by fuel crisis, as Ukraine escalates drone attacks

Almost every Russian region hit by fuel crisis, as Ukraine escalates drone attacks

Airbus informally aims for 900 deliveries after strong June, sources say

Airbus has set an internal goal of exceeding 900 deliveries for the first time this year after handing over 89 jets in June, though it is keeping its official

Samsung appliance workers to stage a rally protesting chip workers' wage deal

Workers in Samsung Electronics' smartphone, television and home appliance division will stage a rally on July 16, their union said, to protest the big bonuses the company's

German commercial property financing sentiment plunges, survey shows

The mood among those financing commercial real estate in Germany plunged in the second quarter, a survey showed on Monday, after the war in Iran prompted a rise in

UK construction downturn eases slightly in June, PMI shows

Britain's construction sector contracted sharply again in June, though the downturn eased slightly from May's six-year low as commercial building weakened less, a business

European shares retreat after hitting record high; easyJet surges on takeover offer

Europe's benchmark STOXX 600 index pulled back after hitting a record high on Monday as investors cashed in on gains

Spain, Portugal step up scrutiny of soaring property markets

Spain and Portugal are stepping up scrutiny of their soaring property markets amid early signs of overheating, but supervisors are unlikely to intervene

Malaysian lawmakers to hold hearing on Lynas-U.S. rare earths deal

A Malaysian parliamentary committee will hold a hearing on July 16 to discuss a $96 million rare earths supply deal signed between Australia's Lynas Rare Earths and

German industrial orders rose more than expected in May

German industrial orders rose more than expected in May, posting a considerable increase even when large-scale orders of aircraft, ships, trains and

Boeing's new 737 assembly line starts moving in Everett

Boeing plans to begin operating a fourth 737 MAX assembly line on Monday at its Everett, Washington, factory. 

Australia and Fiji seal a new mutual defense pact in a push to counter China in the Pacific

Australia and Fiji have signed a new bilateral defense alliance in a second major diplomatic win within a year for Australian Prime Minister Anthony Albanese against Chinese influence in the South Pacific

Bank of England could boost bond demand with leverage rule tweak, banks say

The Bank of England could give Britain's government bond market a boost this week and lower public borrowing costs by more than £1 billion ($1.3 billion) a

Samsung to serve chip taster for earnings feast

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

South Korea's Lee urges speed in launching mega chip projects

South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.

EasyJet's flight path from start-up to possible takeover battle

EasyJet's decision on Friday to back a £5.7 billion ($7.65 billion) proposal by U.S. investment firm Apollo Global against Castlelake's £5.5 billion bid has opened the doors for a

South Korea's SK Hynix launching $28 billion US listing to ride global AI wave

South Korean chipmaker SK Hynix will launch a U.S. listing on Monday to raise about $28 billion, according to regulatory filings, as it capitalises on the global artificial

Australia signs major defence alliance with Fiji, seeking to counter China

Australia and Fiji signed a major defence alliance on Monday, committing each country to come to the other's aid if either is attacked, as China seeks to

Australian job ads in June slip 0.2% m/m, ANZ-Indeed data shows

The number of Australian job advertisements dipped slightly in June, private-sector data showed on Monday, suggesting labour demand was only gradually easing amid higher

National Guard members on patrol in Memphis fatally shoot man during pursuit, police say

Tennessee National Guard members assigned by the Trump administration to a crime-fighting patrol in Memphis fatally shot a man who authorities say turned toward the soldiers with a gun during a downtown pursuit

South Korea starts 24-hour trading of dollar-won

South Korea launched its historic 24-hour onshore spot dollar-won trading system on Monday as part of efforts to broaden currency convertibility as it aims to win an upgrade

Record wave of IPO lock-up shares to hit Hong Kong market

Shares in some of Hong Kong's hottest new listings are set to hit the market this week in an unprecedented wave of lock-up expirations, which brokers say could create an

UK tightens rules on overseas political donations to stop 'dodgy funding'

Britain tightened its rules on overseas political donations on Monday, as part of efforts to stop foreign money influencing elections, and as concerns swirl around what

Samsung likely to post 18-fold jump in profit on surging AI demand for memory

Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as

Canada to announce submarine contract winner on Monday, Globe and Mail says

Canadian Prime Minister Mark Carney will announce on Monday the preferred bidder in a contract to build 12 submarines for Canada's navy, the Globe and Mail reported on

UK budget airline easyJet ready to accept $7.3 billion takeover bid from Castlelake

British budget airline easyJet has agreed in principle to a sweetened takeover bid from U.S. investment firm Castlelake that values the carrier at up to £5.5 billion ($7.34 billion)

7 OPEC+ countries agree to expand monthly oil production modestly as prices slide

A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month

UK's Farage referred to standards watchdog after new report of undeclared benefits

The leader of Britain's anti-immigration Reform UK party Nigel Farage was referred to parliament's standards watchdog on Sunday after a report that he failed to declare some

1 killed in attack on Crimea as Putin and Zelenskyy hold separate Trump calls

A Ukrainian attack on Russian-occupied Crimea has killed one person, according to Moscow-installed officials

New World screwworm is disgusting. How could it not be a food safety issue?

New World screwworm is disgusting. How could it not be a food safety issue?

OPEC+ approves further oil output increase as Hormuz exports start to recover

OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to

Putin and Trump held ‘businesslike’ 90-minute July 4 call, Moscow says

Putin and Trump held ‘businesslike’ 90-minute July 4 call, Moscow says

Foxconn second-quarter revenue jumps, company cautions on geopolitics

Taiwan's Foxconn, the world's largest contract electronics maker, reported a 39.8% year-on-year rise in second-quarter revenue that beat market forecasts on strong demand

Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports

Uber has paused the majority of its planned food delivery expansion in Europe just months after announcing the plans as the ride-sharing company continues to pursue a takeover of

Soccer-Mexicans balance World Cup joy with worries over domestic issues

Multiple big screens adorn Mexico City's Paseo de Reforma in preparation for Sunday's World Cup last-16

Justice Department says Adani case should end because of foreign jurisdiction, small chance of success 

The Justice Department said on Saturday it wants to drop charges against Indian billionaire Gautam Adani because the case is primarily foreign, hard to

Searing heat and storms mar holiday with 3 children dead in Wisconsin and utility outages widespread

Authorities say a weather-related tragedy in Geneva Lake, Wisconsin, left three children dead even though they were wearing life jackets

Small businesses say they're having a good summer as Americans travel closer to home

Small business owners in U.S. tourist destinations say they’re seeing more Americans sticking closer to home this summer

Jet fuel prices are dropping but airfares aren’t. Here are 10 reasons to stay home in the US

Jet fuel prices are dropping but airfares aren’t. Here are 10 reasons to stay home in the US

Trump posts new image of $100 bill with his signature

Trump posts new image of $100 bill with his signature

Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia

Ukrainian drones have struck an oil terminal in St. Petersburg as Kyiv ramps up bombardment of Russia’s oil infrastructure

Trump Accounts to debut as US kicks off 250th Independence Day celebrations

After months of fanfare, President Donald Trump's administration will launch its flagship cradle-to-adulthood investment program, Trump Accounts, on Saturday, as the

For one small business, AI was key to a quick start and expansion

Here Now Health isn't an AI-based company, but its quick path from an idea in founder Michelle Turner's mind to an operating mental health platform

UK's Next plans takeover bid for Harvey Nichols, Sky News reports

British clothing retailer Next is preparing to launch a takeover bid for luxury department store chain Harvey Nichols, Sky News reported on Saturday. 

Continental to sell ContiTech unit to Lone Star Funds for $4.6 billion

Continental said on Saturday it had signed an agreement to sell its ContiTech plastics and rubber business to private equity firm Lone Star Funds for €4 billion ($4.57 billion),

Outgoing UK PM Starmer says successor cannot spend less time on foreign affairs

Outgoing Prime Minister Keir Starmer said whoever succeeds him would have to devote as much time to international crises and diplomacy as he did, rejecting suggestions

SK Hynix considering 0.5% fee payout in ADR offering, Bloomberg News reports

SK Hynix is considering paying about 0.5% of the proceeds from its U.S. listing  to banks working on the deal, Bloomberg News reported on Saturday citing people familiar with the

Khamenei lies in state in Tehran as Iran begins week of funeral ceremonies

The body of Ayatollah Ali Khamenei lay in state in a vast hall in Tehran on Friday as clerics, officials, foreign dignitaries and other

Eastern US power grid operator orders emergency curbs as electricity use nears record

U.S. power grid operator PJM, the nation's largest covering much of the East Coast and Midwest, on Friday ordered customers in emergency electricity-reduction

Fallout from Venezuela's earthquakes turns political as opposition leader Machado seeks return

The fallout from Venezuela’s powerful twin quakes has evolved into a major test for acting President Delcy Rodríguez, sending her scrambling to prevent the humanitarian disaster from becoming a political one in the face of fierce public criticism and efforts by the Venezuelan opposition leader to return from exile

Conservative candidate Keiko Fujimori wins Peru’s presidential election in a runoff

Conservative politician Keiko Fujimori has been declared the winner of Peru's presidential runoff election

Keiko Fujimori declared winner of Peru presidential race

After weeks of protests, fraud accusations and review of contested ballots in a razor-thin race, conservative Keiko Fujimori was

Putin shrugs off fuel shortages in Russia as he ramps up attacks on Ukraine

President Vladimir Putin remains unfazed by Ukraine's attacks on Russian oil refineries, despite severe fuel shortages

Oil prices little changed as US-Iran peace efforts hold

Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace

Oil prices little changed as US-Iran peace efforts hold

Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace

JPMorgan says weaker demand may cap gold gains near-term, sees rebound in late 2026 and 2027

JPMorgan said on Thursday that softer buying from key demand sectors and gold's renewed sensitivity to real yields

China's Chery takes over former Nissan car factory in South Africa

China's Chery formally took over Nissan's car manufacturing plant in Rosslyn on Friday under a deal that was announced in January, and executives

Mamdani marks July 4 with a pro-immigration speech, ripping Trump’s policies without using his name

Mamdani marks July 4 with a pro-immigration speech, ripping Trump’s policies without using his name

Fiserv, service station operators including BP warn US stores on illegal vapes 

Payments platform Fiserv and service station operators including BP have warned their U.S. partners and store owners not to deal in illegal vapes or risk

Colombia's Petro discusses anti-drug efforts, sanctions list with Trump

Outgoing Colombian President Gustavo Petro and U.S.

Pope Leo praises US history of welcoming immigrants at 250th anniversary

Pope Leo praised the United States' history of welcoming immigrants in his first major address to his home country on Friday, urging in a video

A California farmer is giving away tons of nectarines that he's not allowed to sell

A California farmer has been giving away free nectarines this week amid a legal dispute with a food market and distributing company claiming exclusive rights over the variety of white nectarine he grows

Tesla rolls out robotaxi service in Miami

Tesla said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.

Americans hit the roads for July 4 despite high gasoline prices

Americans are revving up for the Fourth of July holiday, undeterred by gasoline prices that remain elevated and well above historical levels.

Better growth won't help European stocks, BofA says

(Adds new blog post) Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.

US equity funds draw inflows as tech buying resumes

U.S. equity funds saw renewed inflows in the week to July 1 as easing U.S.-Iran tensions and renewed demand for technology stocks lifted sentiment, though caution ahead of a closely

In riposte to Trump, Merz says Germany can defend its military spending push

Germany does not have to shy away from talking up its record on defence spending, Chancellor Friedrich Merz said on Friday, when

Global stocks head for best week since May; US jobs data shifts rate outlook

Global stocks headed towards their best weekly performance in two months on Friday after a lukewarm U.S. jobs report dampened

EU Commission proposes five major cross-border defence projects

The European Commission on Friday proposed five large-scale cross-border defence projects, opening the way for them to access EU funds.

Armenia passes law restricting voting rights for citizens living abroad

Armenia's parliament passed a law on Friday that raises the bar for citizens based abroad to be able to come home and vote, following reported efforts by Moscow

Gulf oil exports jump in June on record UAE flows

Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day as the U.S.

Why is premium gas so expensive? More Americans are filling their cars with it

Why is premium gas so expensive? More Americans are filling their cars with it

'That's always a concern': Sheriff comments on eastern NC jail takeover

'That's always a concern': Sheriff comments on eastern NC jail takeover

Tribes hope Farm Bill can feed more people and preserve Indigenous culture

Dawn and Cassius Spears would like to expand their farm’s reach beyond their farm stand, but it’s challenging

Iran prepares for dayslong funeral for late Supreme Leader Ayatollah Ali Khamenei, killed in war

Iran is preparing for the dayslong funeral of the late Supreme Leader Ayatollah Ali Khamenei

Argentina's plan for AI-run companies can't avoid humans

Argentine President Javier Milei generated both excitement and fear last month when he announced a congressional bill to create “non-

As America turns 250, museums and parks fight to preserve the country’s troubled history 

A few minutes' walk from Philadelphia's Independence Hall, where the nation's founding ideals were debated and declared, another part of the

Analysts cut Canadian dollar forecasts as USMCA uncertainty clips rate hike chances: Reuters poll

Canada's dollar will strengthen less than previously expected over the coming year as uncertain negotiations to revise the U.S.-Mexico-Canada Agreement (

US oil companies see big profit jump, gird for clash over pump prices with Trump

U.S. oil companies are set to report their strongest quarterly profits in years, courting a possible clash with President Donald Trump, who has

Investors look for Fed clues, earnings signs as tech wobbles 

Investors in the coming week will seek clues about the likelihood of impending interest-rate hikes and early signs of a pivotal earnings season as they

Blackstone, CVC and MUFG among bidders for stake in Vietnam's MoMo, sources say

Blackstone, CVC Capital Partners and Japan's MUFG are among bidders for a stake in Vietnamese fintech firm MoMo as it presses

Dollar set for biggest weekly drop since April after jobs data lowers Fed hike bets

The U.S. dollar was heading towards its biggest weekly loss in 12 weeks on Friday after Thursday's tepid U.S. jobs report cooled market

Cossacks guard petrol stations in Russian resort as anger grows over fuel shortages

Cossacks have been called in to keep order at petrol stations in a Russian holiday resort as authorities face growing anger over nationwide fuel shortages

Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources say

Iran has begun talks with Japanese companies under a U.S. sanctions waiver allowing it to resume oil sales, though prospective

Chinese regulator proposes changes to refinancing rules for listed companies

The China Securities Regulatory Commission (CSRC) on Friday proposed changes to rules for refinancing by listed companies, releasing draft revisions it said would help

Tesla sales soar 25% in sign its troubles may be easing

Tesla sales soar 25% in sign its troubles may be easing

Toronto home sales rise in June for fourth straight month

Greater Toronto Area home sales rose in June for a fourth straight month and prices increased, continuing the market's recovery following a slow start to

Warsh and peace

The data releases are thinning out, earnings season hasn't kicked off yet and there are no big rate decisions looming, but a high-stakes NATO meeting, a glimpse into Kevin Warsh's

Trump to visit Mount Rushmore to mark U.S. 250th celebrations

President Donald Trump on Friday travels to Mount Rushmore, the granite mountain in South Dakota where the heads of four American presidents are carved,

Global equity fund inflows rise as investors add tech stocks after market dip 

Inflows into global equity funds rose in the week to July 1, as investors took advantage of a pullback in major markets to add technology stocks, betting that the sector’s earnings

Goldman dominates first-half M&A as dealmaking surges in EMEA

Goldman Sachs increased its share of mergers and acquisitions advisory work involving Europe, the Middle East and Africa in the first half of 2026,

Some federal employees bristle at America’s 250th birthday festivities after year of agonizing government overhaul

Some federal employees bristle at America’s 250th birthday festivities after year of agonizing government overhaul

Kenya private sector activity picks up in June, PMI shows

Kenya's private sector activity picked up in June, breaking a run of three previous monthly contractions, a survey showed on Friday.

French services sector contracted in June by more than forecast, PMI shows

France's services sector contracted in June by more than initially forecast, as sluggish demand and inflationary pressures weighed on businesses, said a survey by S&P Global.

Italy service sector returns to growth as cost pressures ease, PMI shows

Business in Italy's service sector grew marginally in June after three months of contraction, a survey showed on Friday, as cost pressures eased amid signs of de-escalation in

Europe's STOXX 600 clocks best week in over a month as rally broadens

Europe's benchmark STOXX 600 hit an intraday record high on Friday and logged its biggest weekly jump in over a month, underpinned by gains in

Euro zone services sector contraction eased in June as inflation cooled sharply, PMI shows

The euro zone services industry contracted at a slower pace in June as cost pressures fell at the sharpest rate on record outside of pandemic-era lockdowns, helping to

Japan keeps yen intervention threat alive, says in close touch with US

Japan issued a fresh warning to currency markets on Friday as Finance Minister Satsuki Katayama said Tokyo was in regular contact with

Germany services contraction eases in June as cost pressures cool, PMI shows

Germany's services sector contracted for a third straight month in June as weaker demand, dragged down by higher prices and lower market confidence,

Britain's services sector contracts sharply under strain of Iran war, PMI shows

Activity in Britain's dominant services sector contracted for a second month running in June and by the most since early 2023 as the fallout from the Iran war continued to

Japan wage hikes top 5% for third year, backing BOJ rate-hike path

Japanese companies agreed to wage hikes of more than 5% for a third year, the nation's largest labour union group said on Friday,

World shares are mixed after Dow hits a new record, as some AI shares bounce back

Shares are mixed in Europe after a rally in Asia following the Dow Jones Industrial Average's latest record

EU trade with US hits record high despite tariff tensions, study shows

Trade in goods between the European Union and the U.S. reached a record €875 billion ($1.00 trillion) last year despite tariffs, but the

Russia's services downturn deepens as new business falls at fastest pace since December 2022, PMI shows

Russia's services sector contracted further in June as weaker client demand drove steeper falls in output and new orders, a business survey showed on Friday.

ECB's Lagarde won't rule out early departure

European Central Bank President Christine Lagarde said it was still possible she could leave before her term ends in late 2027 to weigh in on French politics, but running

What are the key challenges facing NATO?

NATO leaders gathering for a summit in Ankara on July 7-8 will discuss a host of challenges facing the alliance, from Europe taking on more responsibility

South Africa private sector returns to growth as inflation eases, PMI shows

South Africa's private sector returned to marginal growth in June as easing price pressures helped offset a second straight monthly decline in output and new orders, a

Spain services growth hits 2026 high in June, PMI shows

Spain's services sector expanded at its strongest pace this year in June as activity and new business rebounded on stronger domestic demand, a business survey showed on

India's June services growth slips to 17-month low as demand, hiring cool, PMI shows

India's dominant services sector expanded at its slowest pace in 17 months in June as domestic demand weakened sharply and overall new business grew at its slowest rate

Australia clears Sportsbet after anti-money laundering remediation

Australia's financial crime watchdog said on Friday that online betting firm Sportsbet had completed required improvements to its anti-money laundering controls after it admitted

The far-right Alternative for Germany is buoyant as it eyes a slice of power in regional elections

The far-right Alternative for Germany is in a buoyant mood as it holds a convention this weekend

US envoy says Cook Islands minerals are a top priority

The new U.S. ambassador to New Zealand and several Pacific island nations said on Friday that securing Cook Islands seabed minerals was a top priority,

BHP workers approve Pilbara labour deal, unions cite lingering concerns

Workers at BHP's South Flank and Mining Area C iron ore operations in Western Australia have voted to approve a new labour agreement, unions said on Friday, while noting that many

Stocks shake it off

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global equities are heading for their best week since early May as renewed signs of expansion in Asian activity gauges

Venezuela's interim leader angrily defends earthquake response

Venezuela's acting President Delcy Rodríguez has defended her government's response to last week's devastating earthquakes

Egg producers will pay $3.3M and donate 53 million eggs to settle price-fixing claims

The U.S. Justice Department and 17 states have reached settlement agreements with three major egg producers over allegations of that the companies illegally colluded in a multiyear scheme to raises prices

Iran warns oil tankers to use approved routes in Strait of Hormuz or face a 'forceful response'

Iran’s joint military command has warned that all oil tankers moving through the Strait of Hormuz must use its approved routes or face a “forceful response.”

India's Modi to visit Indonesia, Australia and New Zealand next week

Indian Prime Minister Narendra Modi will visit Indonesia, Australia and New Zealand next week, the Indian Foreign Ministry said on Friday, as New Delhi seeks to

China's June services activity slows slightly, private PMI shows

China's services activity expanded at a slightly slower pace in June as growth in new business eased, though overseas demand rose at the fastest rate in 20 months, a

Canada advances Alberta pipeline to Pacific Coast to expand oil exports beyond the US

Canada moved to advance a Pacific Coast pipeline from Alberta as Prime Minister Mark Carney seeks to diversify oil exports beyond the United States while easing separatist tensions and preserving environmental protections on British Columbia’s northern coast

Carney and Marcos deepen Canada-Philippines ties as Ottawa looks beyond US trade

Canadian Prime Minister Mark Carney welcomed Philippine President Ferdinand Marcos Jr. to Canada for the first visit by a Philippine leader in more than a decade as the two countries deepen economic and security ties

Kioxia ships next-gen memory samples as AI boom fuels dramatic comeback

Kioxia on Friday held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, begins

Brazil implements new regulations for meat exports to EU, Globo Rural reports

Brazil's Agriculture Ministry has started to implement new inspection procedures on the production of meat and meat derivatives to address trade requirements from the

Japan's services activity returns to growth in June, PMI shows

Japan's services sector returned to expansion in June after stalling the previous month, though business confidence remained subdued amid concerns over Middle East tensions

Flavio Bolsonaro proposes keeping Brazil's Pix away from non-Western payment networks

Senator Flavio Bolsonaro, President Luiz Inacio Lula da Silva's main rival ahead of Brazil's October presidential election, has proposed barring the

Consumer confidence in New Zealand rebounds as inflation outlook softens

Consumer confidence in New Zealand rose in June as two-year inflation expectations eased, returning nearer to January levels before the oil price spike, ANZ-Roy Morgan data

Blackstone's QTS terminates Digital Gateway data center project in Virginia

Blackstone's QTS said on Thursday it had terminated its planned Digital Gateway data center project in Virginia and withdrawn the associated filings after years of planning and

Chinese copper foil maker Londian Wason New Energy Tech files for US IPO

Chinese copper foil maker Londian Wason New Energy Tech filed for an initial public offering in the United States on Thursday, seeking to capitalize on growing

Moody's expects Fujimori's government in Peru to boost investor confidence

Ratings agency Moody's expects Peru's President-elect Keiko Fujimori to bolster investor confidence and preserve policy continuity, helping the Andean nation sustain growth

How Trump made more than $1 billion on crypto when most of his coin’s investors lost money

How Trump made more than $1 billion on crypto when most of his coin’s investors lost money

Energy Dept. directs data centers to use backup generators during heat wave, freeing up power for AC

Energy Dept. directs data centers to use backup generators during heat wave, freeing up power for AC

The Latest: Trump plans new rule that he says could save Medicare patients $1.1 billion

The Trump administration is proposing a new rule to keep hospitals from charging markups on discounted drugs for Medicare patients and says that could save consumers $1.1 billion next year, according to estimates obtained by the AP

JPMorgan cannot stop paying Charlie Javice's legal bills, Delaware judge rules

A Delaware judge on Thursday said JPMorgan Chase must continue paying the legal bills of Charlie Javice, the former finance executive convicted of defrauding the

Trump Jr.'s 'Amazon of guns' could make millions under new proposed firearm rule

Donald Trump Jr. helped take an online retailer known as the “Amazon of guns” public last year.

Cooling US jobs data buys the Fed and stock market more time

A tepid June jobs report offers relief for U.S. equities just as investors had begun to worry that excessive labor market strength

Google disrupts NetNut proxy network used in malware operations

Alphabet's Google said on Thursday it weakened a network of internet-connected devices being used to conceal and route malicious online traffic, acting against the NetNut

Lockheed Martin leads race for Advent's Ultra Maritime in $3.5 billion deal, FT reports

Lockheed Martin is leading the race to acquire Ultra Maritime, owned by private-equity firm Advent International, in a deal that could value the naval defence business at about $3.5

Dow jumps to record closing high after soft US jobs data, Nasdaq down with chip shares

The Dow rose more than 1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. jobs

Trading Day: Chips are down, and so are payrolls

Wall Street was mixed on Thursday as weakness in semiconductors weighed on the Nasdaq, while the dollar dropped after a soft employment report eased rate-

Peter Thiel in Aspen: The pope is ‘working for the Chinese Communists’

Peter Thiel in Aspen: The pope is ‘working for the Chinese Communists’

Exclusive: Trump administration plans to boost worksite immigration enforcement after increase in criminal probes

Exclusive: Trump administration plans to boost worksite immigration enforcement after increase in criminal probes

The Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed

Most U.S. stocks rose, and the Dow Jones Industrial Average set another record, but more drops for chip stocks and other AI winners kept indexes mixed

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

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

Dollar slides after jobs data, chipmakers weigh on stocks

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

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

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

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

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

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

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

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

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

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

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

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

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

Trump administration aims to cut regulations on US commercial fishing

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

Oil gains on short-covering buys ahead of US holiday

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Russian fuel crisis prompts rush for Chinese electric cars

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

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

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

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

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

Colombia president-elect seeks public debt refinancing

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

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

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

Canadian factory PMI edges higher despite war-linked supply disruptions

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

Instant View: Job growth falls short of expectations in June

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

EU determined to resolve standoff over Bosnia envoy, Kallas says

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

Fed seen less likely to raise rates as job growth slows

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Blue Owl keeps withdrawal cap as redemption requests remain elevated

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

Dollar slides after soft jobs report, yen surges

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

European regulators step up scrutiny of Big Tech

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Churning chips

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

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

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

Hungary to launch $128 million school-start benefit scheme

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

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

When the U.S.

Progressive surge complicates Democrats’ midterms focus on prices

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

Trump biofuel goals hit reality as US plants lag

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

US beef prices stay red-hot for summer cookouts

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

Amazon vows action against India delivery partner after fire probe concludes

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

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

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

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

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

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

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

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

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

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

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

Argentina seen managing 2027 debt wall but political risk is key

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

US resumes dollar transfers to Iraq, NYT reports

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

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

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

Russian fuel frustration rises as crisis bites

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

Japan government panel member calls for moderate BOJ rate hikes

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

US House committee says South Korea discriminated against Coupang

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

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

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

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

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

Shares pull back as markets await likely payrolls beat

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

Australia seeks to rein in defence spending blowouts, delays

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Young survivors of Venezuela quakes run shelters as search drags on

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

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

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

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

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

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

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

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

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

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

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

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

The U.S.

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

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

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

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

Trading Day: Stocks dip as sluggish July shuffles in

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

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

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

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

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

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

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

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

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

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

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

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

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

Venezuelan medics fear earthquake aftermath will trigger widening medical crisis

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

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

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

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

Sandra Lith came to the front of Ms.

Stocks flat as traders digest Fed comments, oil falls

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

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

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

Wall Street ends choppy session lower as tech shares drop

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

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

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

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

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

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

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

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

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

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

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

Venezuelans scour collapsed buildings by hand while government machinery stands unused

Venezuelans scour collapsed buildings by hand while government machinery stands unused

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

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

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

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

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

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

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

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

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

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

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

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

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

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

AI hopes and fears dominate global central bank meet

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

US car sales on cruise control despite pressures

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Together AI raises $800 million at $8.3 billion valuation

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

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

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

Meta names Alex Schultz first chief data officer

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

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

By Michael S.

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

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

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

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

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

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

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

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

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

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

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

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

Families plead for information on deported Venezuelans in hotel collapse

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

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

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

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

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

Tesla European registrations climb in June

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

Racism and intolerance have worsened in Britain, Starmer says

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

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

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

US construction spending inches up in May, but homebuilding weak

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

Nike gains despite China slump as investors eye turnaround progress

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Kroger announces agreement to acquire Giant Eagle

Kroger announces agreement to acquire Giant Eagle

Extreme heat tests cattle, but preparation helps producers stay ahead

Extreme heat tests cattle, but preparation helps producers stay ahead

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

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

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

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

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

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

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

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

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

On Tuesday, the U.S.

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

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

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

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

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

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

Goldman's private credit fund bucks elevated redemption trend again

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

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

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

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

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

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

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

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

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

Micron, GM sign semiconductor supply agreement for vehicles

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

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

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

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

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

As deportation protections end, Haitians confront fear and uncertainty

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

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

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

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

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

Unchecked AI progress may pose catastrophic risks, UN panel warns

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

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

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

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

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

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

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

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

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

Kicking off H2

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Kazakhstan to hold snap parliamentary election on August 23

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

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

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

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

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

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

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

Wayve courts automakers with AI driving system that learns like humans

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

UN report sees enormous potential benefits and big risks from AI

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

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

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

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

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

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

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

A million vintage loans slow Greece's economic recovery

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

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

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

Citi cuts bitcoin, ether forecasts as ETF flows turn negative

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

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

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

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

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

Westpac director Nash leaves board over ties to KPMG

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

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

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

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

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

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

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

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

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

That's a lot of meat to digest

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

Asian airlines' Europe windfall fades as Gulf rivals rebound

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

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

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

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

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

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

Advice columnist E

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Uber-backed Lime raises $167 million in US IPO

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

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

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

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

U.S.

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

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

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

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

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

Anthropic said on Tuesday that the U.S.

ECB should not rush any further rate hike, Demarco says

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

South32 CEO open to M&A following Alcoa asset sale

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

Trump reports over $1.4 billion in income from crypto ventures

U.S.

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

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

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

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

Trump, Republicans to stage convention in Dallas ahead of midterms

U.S.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The U.S.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

US issues emergency order for PJM Interconnection as heatwave looms

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Tesla Q2 deliveries expected to rebound as Europe sales recover

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

Trading Day: Stocks cap weak month, stellar quarter

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

Constellation Brands beats quarterly profit estimates on beer demand

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

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

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

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

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

Train derailment prompts nearby residents to shelter in place

Train derailment prompts nearby residents to shelter in place

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

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

US stocks rise and trim their losses for June

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

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

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

Nestle could lower coffee prices as bean costs fall

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

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

The U.S.

Supreme Court takeaways: Wins for conservatives, some Trump limits

The U.S.

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

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

Activist Jana Partners has new stake in Everpure, sources

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Top cases decided during the US Supreme Court's term

The U.S.

Mexico cocaine seizures may reflect World Cup demand, experts say

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

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

U.S.

Boeing, engineers' union begin contract talks

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

Mercosur launches economic partnership talks with Japan, eyes China

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

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

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

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

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

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

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

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

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

Joby, Toyota announce joint venture for air taxi production

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

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

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

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

The U.S.

Dollar pushes higher, yen sinks to 40-year low

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

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

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

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

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

Denmark launches $672 million military aid package for Ukraine

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

Iran war and AI boom drive wild ride on global markets

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

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

The U.S.

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

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

Heatwave tests Ukraine soldiers in Soviet-era tank

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

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

The chair of the U.S.

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

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

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

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

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

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

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

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

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

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

Woman still has family member missing in Venezuela earthquake rubble

Woman still has family member missing in Venezuela earthquake rubble

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Trump cuts New York funding for Medicaid fraud unit

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

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

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

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

U.S.

Inflation cools in biggest euro economies, easing rate hike urgency

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

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

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

How a tiny Caribbean island made American independence possible

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

Supreme Court allows Lisa Cook to remain at Fed

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

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

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

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

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

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

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

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

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

Doubled by halftime

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

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

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

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

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

Volkswagen's crisis in five charts

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

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

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

Analysts dial down oil forecasts as Hormuz reopening eases supply concerns

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

German headline inflation eases in June, core stabilises

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

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

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

ECB's inflation fears linger despite oil price retreat

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

Tech selloff stirs bubble fears in US stock market

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Supreme Court may have reaffirmed the U.S.

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

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

New Kazakhstan constitution takes effect as political transition gathers pace

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

Quarter-end expected to be quiet for Fed liquidity facilities 

By Michael S.

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

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

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

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

Key US complaints against Canada ahead of trade review

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

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

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

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

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

How to talk about money with your kids

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

An IRA playbook to build wealth

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

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

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

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

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

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

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

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

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

German unemployment falls unexpectedly in June

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

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

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

Why companies are swapping copper for aluminium

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

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

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

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

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

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

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

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

The U.S.

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

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

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

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

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

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

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

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

China factory activity returns to expansion riding AI global boom

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

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

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

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

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

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

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

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

The U.S.

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

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

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

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

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

China says its factory activity picked up pace in June

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

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

US House passes youth online safety legislation

The U.S.

US to suspend some duties on phosphate fertilizer from Morocco

U.S.

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

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

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

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

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

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

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

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

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

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

European banks urge regulators not to intervene in equity markets

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

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

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

Trump says he picks Sonderling to be labor secretary

U.S.

Australia sues Amazon unit over alleged breach via Prime Video ads

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

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

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

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

U.S.

Japan's May factory output growth lagged forecasts

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

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

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

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

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

San Francisco Catholic church reaches $395 million sex abuse settlement

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

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

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

US and Iran negotiators head to Doha, but meeting uncertain

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

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

U.S.

Uber, Waymo end robotaxi partnership in Phoenix 

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

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

Four U.S.

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

U.S.

Michigan judge blocks Kalshi from allowing residents to place sports bets

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Justice Sotomayor received concert tickets from Bad Bunny’s label

Justice Sotomayor received concert tickets from Bad Bunny’s label

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

Federal Reserve Governor Lisa Cook said the U.S.

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

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

US stocks rise and recover some of their losses from a rare losing week

U.S. stocks rose and recovered some of their losses from a rare losing week

Democrats in half of states sue Trump administration over Medicaid work rules

Democrats in 25 states and the District of Columbia are suing the Trump administration over its interpretation of new Medicaid work requirements

Methodology changes could lower US May core PCE inflation, economists say

The May data for the U.S.

Keiko Fujimori leads Peru's presidential race after official count concludes

Keiko Fujimori leads the final count in Peru's presidential runoff after the country's ONPE electoral authority finished tallying 100%

Supreme Court rejects Trump bid to fire Fed's Cook but expands presidential powers

The U.S.

Argentina economic activity grows less than expected in April

Argentina's economic activity grew less than expected in April, official data showed on Monday, as gains in mining and agriculture were partly offset by weakness in

The construction failures and risky geography behind Venezuela's quake tragedy

When late Venezuelan leader Hugo Chávez built this coastal housing development bearing his name as part of his socialist

Europe's economic resilience gives ECB greater room to move rates, Lagarde says

The euro zone economy appears to have built greater resilience to economic shocks, allowing the European Central Bank to raise interest rates more easily without

Stocks and oil prices rise with eyes on Iran; yen touches 40-year low vs dollar

A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran

Wall Street ends higher as US, Iran attacks ease; major tech-related shares jump

U.S. stocks ended sharply higher on Monday, with the Dow hitting a record closing high, as weekend hostilities between the United States

US judge blocks labor board's Trump-era move to take control over union elections

A federal judge on Monday blocked the U.S. agency that oversees union elections for federal employees from shifting authority over all labor representation

New York Stock Exchange and the Nasdaq will be opened from Oval Office for launch of Trump Accounts

New York Stock Exchange and the Nasdaq will be opened from Oval Office for launch of Trump Accounts

US and Iran pause strikes but disagree over next steps on talks

The United States and Iran have separately announced they are sending delegations to Qatar this week, though Tehran insists it has not agreed to meet with the U_S_ “at any level.”

Takeaways from the Supreme Court’s decisions expanding Trump’s firing power but preserving Fed for now

Takeaways from the Supreme Court’s decisions expanding Trump’s firing power but preserving Fed for now

Maersk upgrades 2026 earnings guidance on strong demand

Shipping ​group Maersk on Monday upgraded its earnings guidance for this year on strong demand in the container market, particularly in Asia.

Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains

Oil prices settled up more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious

Luigi Mangione's federal trial over CEO killing moved to January as state murder trial looms

A Manhattan federal judge on Monday delayed Luigi Mangione's trial over the killing of a health insurance executive to January, citing potential overlap

Supreme Court says Fed’s Cook can keep her job for now, but it upholds other Trump firings

The Supreme Court says Federal Reserve governor Lisa Cook can remain in her job for now, a rebuke to President Donald Trump’s bid to wrest control of the nation’s central bank

Community helps family who lost condo in Cottonwood Fire

Community helps family who lost condo in Cottonwood Fire

Comcast plans to split into two public companies by spinning off NBCUniversal and Sky

Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky

Supreme Court backs Trump's FTC firing, expands presidential power

The U.S.

Stellantis extends summer stoppage at Fiat 500 Turin factory

Stellantis has added an extra week of summer downtime at its Fiat 500 factory in Turin, northern Italy, due to parts shortages from some suppliers, the FIM Cisl trade union

Rapper Twista pleads guilty to not paying taxes and faces potential prison time

Chicago rapper Twista has pleaded guilty to willfully failing to pay income taxes

Comcast says it will spin off NBCUniversal

Comcast says it will spin off NBCUniversal

Honeywell Aerospace shares slip in Nasdaq debut

Honeywell Aerospace shares closed down 0.4% on Monday after the company made its Nasdaq debut following its spinoff from Honeywell as part

Volkswagen CEO targets power shift alongside deep cuts

Volkswagen CEO Oliver Blume's plan to cut up to 100,000 jobs and close high-cost German factories is about more than cost savings: it could also mark

Comcast spinoff latest in wave of US media shakeups

Comcast's decision to spin off its NBCUniversal and Sky businesses marks the latest effort by a major U.S. entertainment company to separate or reshape legacy television assets as

Fed's Lisa Cook made history even before battling Trump

Federal Reserve Governor Lisa Cook was the first U.S. central banker to be targeted for firing by any president.

Serbia's Vucic eyes new political chapter as he steps down from presidency

When Aleksandar Vucic announced that he will step down as president of Serbia, cutting short his mandate and

Iraq's push for bigger OPEC quota driven by revenue pressures, new oil investment

An economic crisis caused by the Iran war and a fresh surge of investment by oil majors are driving Iraq's aggressive push for a higher

Dollar slips, yen reaches 40-year low

The dollar dropped on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of

Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech

Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones Industrial Average, replacing Verizon Communications, and immediately ranking among

US SEC fines BofA's Merrill Lynch $7.5 million for not flagging enough suspicious activity

The U.S.

Nasdaq, NYSE to ring opening bell from Oval Office for Trump Accounts launch, Hassett tells CNBC

The Nasdaq and the NYSE will ring the opening bell from the Oval Office for the first time together to launch Trump's much-touted government-backed investment program for children

Gov. Greg Abbott rallies Kleberg County Republicans as Democrats hold state convention

Gov. Greg Abbott rallies Kleberg County Republicans as Democrats hold state convention

Andy Burnham says he’d hand more power to local governments if he becomes UK leader

Andy Burnham, likely the next U.K. prime minister, has pledged to give more autonomy to local leaders

The Strait of Hormuz's future is unsettled in wake of latest strikes

Iranian drone strikes and US retaliation amid a shaky ceasefire have blunted an uptick in shipping through the Strait of Hormuz

Maker of vinegar on mission to change minds one sour tastebud at a time

Maker of vinegar on mission to change minds one sour tastebud at a time

Wall Street opens higher as US, Iran halt attacks

Wall Street's main indexes opened higher on Monday as easing tensions in the Middle East lifted sentiment following days of hostilities between the U.S. and Iran.

Supreme Court to review the legality of mass voter purges in the weeks before an election

Supreme Court to review the legality of mass voter purges in the weeks before an election

Brazil sees government spending share easing to 19% of GDP this year

Brazil's government expects total spending as a share of gross domestic product to decelerate and end the year at around 19%, Treasury Secretary Daniel

Fuel shortages spread to more parts of Russia as Ukrainian attacks bite

Ukrainian attacks have caused fuel shortages to spread from Russian-annexed Crimea to nearby parts of southern Russia, and even to the capital

As JPMorgan succession takes shape, insiders say this time it is for real

(Corrects paragraph 15 to remove Bill Demchak's name who left before Dimon's tenure; corrects hyperlinks in paragraph 10 and restores anchor text) By Anirban Sen, Nupur Anand and Manya Saini NEW YORK,

Some kinds of insider trading are perfectly legal – and they offer useful signals about a company’s health

Corporate layoffs cause confusion about a business’s future, but there’s a way for investors and employees alike to see if downsizing could lead to profitability.

UC Berkeley is establishing the Nancy Pelosi Institute to address democracy's challenges

Former House Speaker Nancy Pelosi and the University of California, Berkeley, are partnering to form a new nonpartisan academic institute they say will be dedicated to strengthening democracy

UK's prime minister-in-waiting vows to rip up politics as usual

Andy Burnham, Britain's prime minister-in-waiting, vowed on Monday to deliver radical change to the nation's politics by

Happy birthday, America? At 250, nation may be too divided to celebrate as one

Betsy Halsey, 63, still has memorabilia from America's 1976 bicentennial in her childhood bedroom at her parents'

Stalled US permits threaten $121 billion in wind and solar investment, report shows

Trump administration policies that have stalled permits for renewable energy projects are putting more than $121 billion of investment at risk and slowing development of wind,

UK's likely next leader Burnham commits to existing fiscal rules

Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as British prime minister, said his plans for the country are consistent with the party's

Martin Marietta to buy Lhoist North America in $13.5 billion deal

Martin Marietta Materials said on Monday it would merge with limestone supplier Lhoist North America in a cash-and-stock deal worth $13.5 billion, as the

Weekend wars

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Is it over or not?

Cheaper AI is better: Soaring bills are reshaping how businesses choose models

Silicon Valley's powerful and pricey AI models have been a necessity for businesses looking to future-proof themselves.

Borrowed money fueling US stock rally is getting more expensive

The borrowed money helping to fuel the U.S. stock rally is getting more expensive, and some on Wall Street are starting to wonder how much longer the

Saks, exiting bankruptcy, bets on high-end luxury to revive sales

Saks Global emerged from bankruptcy last week with fewer stores and a renewed focus on upscale luxury, as it looks to close a rocky chapter in its

Strategy's enterprise value falls below bitcoin holdings as crypto sentiment sours

Strategy's enterprise value has fallen below the value of its bitcoin holdings for the first time, a milestone that threatens to weaken investor confidence in

On Greek island of Santorini, winemakers try to adapt to heat and drought

In a vineyard on the Greek island of Santorini, winemaker Yiannis Boutaris gestures to a dried-up ‘kouloura’ vine trained into the shape

IMF says Malawi credit programme hinges on economic reforms

The International Monetary Fund is ready to move quickly on a credit programme for Malawi, the lender said on Monday, but warned it will depend on the

British American Tobacco cost-cutting hits 9,000 roles

British American Tobacco plans to cut about 20% of its workforce as it pursues an AI-driven overhaul to lower costs and lift profits amid regulatory

What's good for the US economy now may not be good for stocks

The U.S. economy and the U.S. stock market are starting to go their own ways. 

Occidental's new CEO tested by debt, lagging stock price and big dividend payments to Berkshire

In not quite a month as Occidental Petroleum's CEO, Richard Jackson has already been challenged with looking for ways to lift a lagging stock price and pay

Cook ruling, ECB conference likely to further frame Fed chief Warsh's early tenure

Federal Reserve Chairman Kevin Warsh's early leadership of the U.S. central bank faces a fresh test this week, with an appearance before a high-

Apple accuses India of 'copy-pasting' rivals' claims in antitrust investigation

Apple has accused Indian antitrust investigators of "copy-pasting" its rivals' claims and failing to properly conduct its own investigation in concluding

Trump’s tariffs aren’t saving jobs at Whirlpool’s Iowa refrigerator plant

If any company stood to gain from President Donald Trump’s trade war, it was Whirlpool and the workers assembling its iconic appliances in Iowa.

Volkswagen tells workers current job cuts are not enough, works council says

Volkswagen management has told the car group's employee side that currently agreed job cuts are insufficient, according to a note from the works council seen by Reuters on

House Republicans are looking to get their agenda on track after a chaotic week

Speaker Mike Johnson is looking to get the Republican-led House back on track

‘Leave or return in a coffin’: The threat driving migrants out of South Africa

‘Leave or return in a coffin’: The threat driving migrants out of South Africa

Medicare will start covering weight-loss drugs on July 1 for the first time. Here’s what you need to know

Medicare will start covering weight-loss drugs on July 1 for the first time. Here’s what you need to know

Spanish NGOs push undocumented migrants to apply for regularisation as deadline looms

Several non-governmental organisations in Spain are urging undocumented migrants to register in a final push for a special mass regularisation process that

European shares steady as tech gains offset Middle East caution

European shares closed flat on Monday, with gains in technology stocks offset by declines in construction firms, while

Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership

South Korea on Monday laid out a sweeping industrial strategy centred on semiconductors and artificial intelligence, as President

New York launches tariff relief program for farmers

New York farmers can start submitting applications for up to $25,000 in relief from the state as part of a $30 million aid effort aimed at easing the hit to farmers

Chinese EV battery makers pledge to pay suppliers more quickly

Major Chinese electric vehicle battery makers on Monday pledged to pay their suppliers more quickly, as part of wider efforts to ease financial strain across the auto

Banks get creative and look further afield as AI-fueled debt soars

As corporate borrowing tied to artificial intelligence shows no sign of slowing, bankers are coming up with new ways to