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Japan's core inflation hits highest level since January 2023, putting pressure on BOJ to raise rates
The increase in Japan's underlying inflation, surpassing economist predictions, may influence the Bank of Japan's decision-making regarding adjustments to interest rates amid chang...
Read Full Article →Higher risk, lower growth, less investment: UN trade arm issues downbeat global economic outlook
The UN trade agency's latest report highlights increased uncertainties and reduced economic expansion, which together contribute to a decline in global investment activities.
Read Full Article →Trump rips into 'too late' Jerome Powell after Fed holds rates steady
The decision by the Federal Reserve to maintain current interest rates has drawn criticism from President Donald Trump, who believes adjustments are necessary to support economic g...
Read Full Article →Airbus orders dominate Paris Air Show as Boeing takes backseat — again
The European manufacturer secured numerous contracts at the Paris Air Show, highlighting its market strength despite the event being affected by a recent tragic accident and ongoin...
Read Full Article →Oil prices rise more than 1% as Israel vows to intensify attacks on Iran
The increase in crude oil costs reflects market concerns over escalating tensions in the Middle East, which could potentially disrupt global supply chains and impact energy-related...
Read Full Article →How retail credit cards could bankrupt consumers with record high interest rates
Rising interest rates on retail credit cards are increasing the financial burden, contributing significantly to the growing share of consumer bankruptcies linked to credit card deb...
Read Full Article →The U.S. added a thousand new millionaires a day in 2024: Report
In 2024, the U.S. experienced a substantial increase in affluent individuals, contributing to the highest number of millionaires worldwide at nearly 24 million, reflecting ongoing...
Read Full Article →FDA approves Gilead's twice-yearly HIV prevention injection, offering a powerful and convenient new...
The approval of Gilead’s biannual HIV prevention injection presents a significant development in treatment options, though its impact may be influenced by possible reductions in go...
Read Full Article →The secret AI sauce behind Meta stock's 683% rise since the dark days of 2022
Meta's substantial stock increase since 2022 highlights the company's strategic investments and advancements in artificial intelligence, which have played a crucial role in enhanci...
Read Full Article →Fed holds key rate steady, still sees two more cuts this year
The Federal Reserve’s decision to maintain the current interest rate suggests a cautious approach, while signaling potential reductions later in the year that could influence borro...
Read Full Article →3 student loan changes in Republican bill: Getting out of debt would be 'extremely hard,' advocate s...
The proposed legislation by Republican lawmakers aims to remove existing repayment options, potentially extending the duration borrowers remain financially responsible for their st...
Read Full Article →Fed holds interest rates steady: What that means for your credit cards, auto loans, mortgage and mor...
The Federal Reserve's choice to maintain current rates affects borrowing costs across various loans and influences the interest earned on many savings products.
Read Full Article →Scale AI not 'winding down' following Meta deal, interim CEO tells employees and customers
Despite Meta’s $14.3 billion investment, Scale AI’s interim CEO assured stakeholders that the company remains operational and focused on growth rather than reducing its activities...
Read Full Article →DOJ seizes record $225 million in crypto tied to global 'pig butchering' scams
The Department of Justice recovered a substantial amount of cryptocurrency connected to international investment fraud, highlighting the growing impact of digital asset crimes and...
Read Full Article →Oil prices lower after Trump says Iran wants to negotiate
The prospect of diplomatic talks between the United States and Iran prompted a decline in energy costs, reflecting market reactions to potential easing of geopolitical tensions aff...
Read Full Article →Shares of Coinbase, Circle surge after stablecoin bill passes Senate
The approval of the GENIUS Act by the Senate led to notable gains for Coinbase and Circle, reflecting investor optimism about the regulatory clarity for U.S. dollar-pegged stableco...
Read Full Article →Senate GOP tax bill gives break on car loan interest — but not all vehicles qualify
The proposed legislation aims to provide a financial benefit by allowing deductions on auto loan interest, although its applicability may be limited depending on the type or condit...
Read Full Article →Amazon's Zoox boosts robotaxi production ahead of first commercial launch in Las Vegas
The expansion of Zoox’s manufacturing capabilities is expected to enhance its market presence and generate substantial revenue as the company increases output towards full producti...
Read Full Article →Pro-Israel hackers destroy $90 million in Iran crypto exchange breach, analytics firm says
A recent cyberattack on Iran’s leading cryptocurrency platform resulted in substantial financial losses, with analysts indicating the breach involved close to $90 million and may h...
Read Full Article →Amazon CEO: Jeff Bezos once called out a big mistake I made in a presentation—how I won him back ove...
The interaction between Andy Jassy and Jeff Bezos over a presentation error ultimately strengthened Jassy’s leadership confidence, highlighting the importance of learning from chal...
Read Full Article →Klarna CEO wants to turn the platform into a 'super app' with help from AI
Klarna's leadership aims to leverage artificial intelligence to expand its services into a multifunctional application, which could influence its future financial growth despite de...
Read Full Article →Oil analysts left scratching their heads over Isreal-Iran conflict: 'Your guess is as good as mine'
The ongoing Israel-Iran tensions have introduced considerable uncertainty in global energy markets, potentially affecting supply stability and causing fluctuations in oil prices th...
Read Full Article →'Tariff engineering' is making a comeback as businesses employ creative ways to skirt higher duties
Many companies are adjusting their product designs strategically to reduce import taxes, utilizing legal methods that help minimize expenses associated with international trade tar...
Read Full Article →Mortgage demand drops, even as rates fall to the lowest since April
Despite a decrease in borrowing costs reaching their lowest point since April, the level of applications for home purchases and refinancing has declined, reflecting reduced consume...
Read Full Article →These are the sticking points holding up a U.S.-EU trade deal
The unresolved issues between the U.S. and the EU could impact economic relations, potentially leading to the reinstatement of tariffs that may affect trade costs and market stabil...
Read Full Article →How child tax credit would change under Senate, House GOP's 'big beautiful' spending bills
The proposed spending legislation from Senate and House Republicans may increase the amount of the child tax credit, potentially providing additional financial support to eligible...
Read Full Article →Nintendo's Switch 2 has powered a $39 billion rally this year
Investor enthusiasm surrounding the upcoming Switch 2 console has contributed significantly to a substantial increase in Nintendo's stock value, resulting in a multibillion-dollar...
Read Full Article →The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect
The Federal Reserve's decision to maintain current interest rates is expected to include economic projections that may influence investor behavior and impact financial markets desp...
Read Full Article →Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win
The recent Senate approval of a stablecoin bill marks a key regulatory milestone that could influence the digital asset market and impact financial activities linked to the $250 mi...
Read Full Article →AWS' custom chip strategy is showing results, and cutting into Nvidia's AI dominance
AWS’s development and deployment of proprietary chips for AI workloads indicate a strategic shift that could influence market competition and impact the financial performance of es...
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