Economy

Trump likes a naval blockade. But Iran presents big differences from Venezuela and Cuba

President Donald Trump has turned to naval blockades to pressure the governments of Venezuela, Cuba and now Iran to meet his demands

More countries are turning to nuclear power 40 years after the Chernobyl disaster

The 1986 Chernobyl nuclear disaster fueled global fears about nuclear energy and slowed down its development in Europe and other regions

Union Pacific profit climbed 5% as it builds the case for its acquisition of rival Norfolk Southern

Union Pacific delivered 5% higher earnings in the first quarter as the railroad worked to prepare its case to convince regulators that its $85 billion acquisition of eastern rival Norfolk Southern is a good idea

US jobless claim filings rise modestly to 214,000 last week, remain at historically healthy levels

The number of Americans filing for unemployment benefits inched up last week but remains within the historically healthy range of recent years

What we lose when artificial intelligence does our shopping

Retailers are racing to hand your shopping over to AI. Consumers are right to be wary – and not just about privacy.

Trump threats against Iran are a boon for prediction markets, including some backed by his son

President Donald Trump loves to keep people guessing about his next policy moves, a reality TV, cliffhanger governing style that is helping “events” wagering companies, including some backed by one of his sons

Iran war pushing more than 30 million back into poverty, UN development chief says

More than 30 million people will be pushed back into poverty by the impacts of the Iran war including disruptions to fuel and fertiliser supplies just

Italy says energy crisis puts its plans for defence spending in doubt

Italy may not be able to raise defence spending as planned due to growing economic and public finance difficulties plus the need to counter surging energy

Record demand can't save US airlines from Iran war fuel shock

U.S. airlines are seeing their best passenger numbers ever, cramming more people onto their planes and boosting revenues, yet in a cruel paradox, a

Hasbro delays quarterly results after cybersecurity incident

Hasbro said on Thursday it would delay its quarterly earnings report due to a cybersecurity incident involving an unauthorized access to the toymaker's network.

Teck quarterly profit beats estimates on record copper sales, higher prices

Teck Resources on Thursday beat analysts' estimates for first-quarter profit, aided by an increase in copper prices and record sales, while the company's proposed merger with

Comcast beats estimates on sports boost, easing broadband customer losses

Comcast topped first-quarter estimates on Thursday, as a blockbuster sports lineup boosted subscriber growth and engagement, while its core broadband

Warning of higher condom prices goes viral in China, stokes stockpiling talk

A warning of higher condom prices by the world's top maker has gone viral

P&G's under-pressure gross margin in focus as Iran war lifts costs

Procter & Gamble is set to report a sixth straight quarter of gross margin declines as the consumer goods bellwether battles choppy demand and fresh cost pressures from the war in

Tech checked as oil boils

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large for Finance and Markets While stock markets have impressively filtered out much of the

China's global EV push reflects its ambition - and harsh economics at home

From robotaxis to flying cars, China is working to export more of its cutting-edge vehicle technology - a strategy that

Honeywell forecasts second-quarter revenue below estimates over Middle East conflict

Honeywell on Thursday forecast second-quarter revenue below Wall Street estimates as conflict in the Middle East weighed on the U.S. industrial giant's business, sending shares

EU touts temporary energy subsidies, but costs risk ballooning

When the European Union outlines looser state aid rules next week to help governments cushion the blow from energy prices driven

Pultegroup's quarterly profit, revenue fall amid sluggish demand for homes

Homebuilder Pultegroup on Thursday posted a drop in profit and revenue for the first quarter, as rising inflation keeps homebuyers on the sidelines.

Dow flags higher costs, capacity risks from prolonged Middle East disruptions

Chemicals maker Dow said on Thursday it expects supply disruptions linked to the Middle East conflict to persist through 2026, warning of higher costs and potential

UK to pay France up to $892 million in deal to reduce migrant crossings

Britain said on Wednesday it would pay France up to 660 million pounds ($892 million) under a three-year border security deal to curb illegal migrant crossings of the

Dutch are facing biggest security threat in decades, intelligence agency says

The Netherlands is facing the greatest threat to its national security since the end of World War Two, chiefly from Russia and China, against the

Biggest IPO wave in history promises $3 trillion in value – with no profits

SpaceX, OpenAI and Anthropic are shaping up to deliver the largest wave of initial public offerings in history and the three

American Airlines dims 2026 forecast as high fuel costs hurt margins

American Airlines cut its 2026 profit forecast on Thursday, pushing the lower-end of the range to a loss, as sky-high jet fuel costs driven by the Iran war hurt

Europe risks falling further behind in medicine race, warns Roche CEO

Europe risks falling further behind the United States and China in pharmaceutical research and innovation because of "mind-blowing"

Iran takes seized ships to port, countries check on seafarers' safety

Two container ships seized by Iran near the Strait of Hormuz with about 40 crew aboard have been taken toward

Lockheed Martin quarterly profit falls as production delays weigh

Lockheed Martin reported a lower first-quarter profit on Thursday, as high costs on fixed-price contracts and production slowdowns on some

Netflix boosts share buyback plan by $25 billion after failed Warner Bros bid

Netflix said on Thursday its board has authorized an additional $25 billion share repurchase program, resuming capital returns after the streaming giant

US military says it seizes another oil tanker associated with Iran

The U.S. military hsa seized another tanker associated with the smuggling of Iranian oil

Brazil's VP Alckmin, a negotiator of the Mercosur-EU deal, sees it as relief in a turbulent world

Brazil’s Vice President Geraldo Alckmin says the trade deal between South American bloc Mercosur and the European Union offers some solace at a time when unilateral moves have dominated the geopolitical landscape

SNAP benefits don't pay for rotisserie chicken. A bipartisan bill might change that

A bipartisan group of U.S. senators wants government food assistance programs to cover rotisserie chicken from grocery stores

UK companies see cost pressures spreading at record pace

Inflation indicators from British companies flashed red in two long-running business surveys published on Thursday, which showed record

EssilorLuxottica slips as doubts linger over smart glasses growth

EssilorLuxottica's shares fell on Thursday after the eyewear maker reported broadly in‑line quarterly results, doing little to revive a stock already under

US drivers turn to EV rentals as gasoline prices surge

Early signs of a shift toward electric vehicles have emerged for U.S. car rental companies as customers become wary of paying more at the pump

European shares muted as investors assess Mideast developments, corporate earnings

European shares were little changed on Thursday as investor worries over collapsed U.S.-Iran peace talks and weak economic data

UK manufacturers report plunge in confidence, see jump in costs

British manufacturers have turned their most pessimistic since the start of the COVID-19 pandemic due to the Iran war and a measure of the expectations for inflation has

LVMH's CEO Arnault says return to growth hinges on outcome of Middle East crisis 

Recovery hopes for the French luxury giant LVMH LVMH.PA hinge on the outcome of the crisis in the Middle East, CEO and controlling shareholder Bernard Arnault said on

Investors return to US stocks as AI, earnings growth feed fear of missing out

U.S. stocks are rebounding and investors, reassured by diplomacy around the Iran war, are coming off the sidelines as AI-related

L'Oreal shares rise 8% on first-quarter sales beat

Shares in L'Oreal jumped more than 8%, on track for their best day in four years, after the French cosmetics group posted first-quarter sales growth of

Brazilian exports to rise 13% by 2038 amid full enforcement of EU-Mercosur trade deal, says VP

Brazil's government expects the country's exports to increase 13% by 2038 through the full enforcement of the free trade deal between the South

Trump’s DOJ has cut thousands of law-enforcement jobs while vowing to get tough on crime  

The Trump administration has cut more than 4,000 employees from some of the nation’s top law-enforcement agencies, even as it vowed

Advent-owned firm investigated in Brazil for alleged links to organized crime

Caldic, a global chemicals distributor majority-owned by U.S. private equity firm Advent International, is under

SpaceX conquered the stars, now eyes bigger opportunity in AI

Over the last quarter century, Elon Musk revived space travel, turning cosmic exploration into thriving businesses.

Protein-maxxing, GLP-1s have US farmers betting on peas and lentils

 Aaron Smith, a fifth-generation pea and lentil farmer in northern Idaho, says

SpaceX IPO filing shows Elon Musk can retain board control

SpaceX is telling prospective investors its board will not need a majority of directors who are independent of

Samsung workers rally in South Korea, demanding higher pay and threatening to strike

Thousands of Samsung Electronics workers rally at its chip complex in Pyeongtaek, South Korea, demanding higher bonuses and threatening to strike

Stocks are at record highs and shrugging off the war with Iran

Stocks are at record highs and shrugging off the war with Iran

Skincare company Galderma posts 25.5% sales leap, driven by US market

Swiss skincare company Galderma said on Thursday that first-quarter sales jumped 25.5% in constant-currency terms to $1.47 billion and signalled it could manage the impact

Samsung workers protest over huge pay gap with SK Hynix, threaten long strike

Tens of thousands of Samsung Electronics workers rallied at a sprawling factory complex south of Seoul on Thursday,

Bain Capital to sell stake in Bridge Data Centres at $5 billion valuation, sources say

U.S. investment firm Bain Capital is seeking to sell a stake of at least 40% in Bridge Data Centres (BDC) in a deal that would

Britain's deficit narrows but fuel duty fall points to Iran war drag

Britain's budget deficit for the last financial year narrowed to a six-year low but official data published on Thursday also showed an early

Finland to spend 3.2% of GDP on defence by 2030 despite austerity

Finland will increase defence spending to 3.2% of gross domestic product by 2030, the government said, as it decided to cut other expenditure and drafted its budget for

Santander suspends buyback pending shareholder approval of Webster deal in US

Santander will suspend its share buyback programme pending approval from U.S. lender Webster Financial's shareholders for a $12.2 billion takeover by the Spanish bank.

Euro zone business activity contracted in April as costs rocketed, PMI shows

Business activity in the euro zone suffered a surprise contraction in April with the U.S.-Israeli war with Iran sapping demand as prices soared, a closely watched survey

Roche sales down 5% as currency effects outweigh gains for haemophilia drug

Swiss drugmaker Roche's first-quarter sales dropped by 5%, it said on Thursday, citing unfavourable foreign exchange effects that

Hormuz crisis throws spotlight on world's largest 'chokepoint' - the Malacca Strait

The closure of the Strait of Hormuz has forced policymakers in Asia to face questions over the security of other maritime chokepoints, including the Strait of Malacca,

Energy costs, inflation could sap beer sales, Heineken says

The world's No. 2 brewer Heineken said on Thursday energy costs and inflation - driven up by the war in Iran - could hit demand for its beers, though its

Nestle rides out Iran war impact, seeks turnaround in China

Nestle beat first-quarter sales forecasts and stuck to its annual outlook on Thursday, riding out the impact of the Iran war though it warned about the risk

Jaguar Land Rover to recall over 170,000 US vehicles over loss of drive power

Jaguar Land Rover is recalling 170,169 vehicles in the U.S. due to loss of drive power, the U.S.

French economic activity contracted at fastest pace in 14 months, survey shows

Business activity in France's private sector contracted at its fastest pace in 14 months as a downturn in the services sector amid the Iran war outweighed stronger factory

German private sector contracts for first time in nearly a year, PMI shows

Germany's private sector contracted for the first time in almost a year in April as the Iran war put the brakes on the country's economic recovery, hitting demand and

Senate passes budget plan for ICE and Border Patrol in bid to reopen Homeland Security Department

The Senate has taken the first steps in a new effort to reopen the Department of Homeland Security, voting to adopt a budget plan that would fund ICE and Border Patrol over Democratic objections

A look at China's behind-the-scenes role in Iran war diplomacy

China's behind-the-scenes role in efforts to de-escalate the Iran conflict has been gaining attention

Residents in rural Sudan say the Iran war has made it harder to get medicines

Some people in Sudan say they have struggled to obtain medicines, and the war in Iran has made that worse

Colombia's leader to visit Venezuela for key talks with acting President Delcy Rodríguez

Colombian President Gustavo Petro is visiting Venezuela for key talks on border security and trade with the country's acting president, Delcy Rodríguez

China teases new aircraft carrier in video, vows to build up islands

China teased in a video an aircraft carrier that could be its fourth, and the first

AI boom lifts Nokia sales, shares hit 16-year high after earnings beat

Nokia raised the growth targets for its artificial intelligence business on Thursday, after the network gear maker beat market

Hyundai Motor posts Q1 profit drop, warns growing business headwind

South Korea's Hyundai Motor on Thursday warned of growing business uncertainty due to the Middle East conflict after reporting a 31% drop in

SpaceX targets in-house GPUs as it warns investors of chip supply, costs 

By Echo Wang, Jeffrey Dastin and Max A.

China’s $24 billion pet food market heats up as local brands challenge global players

In a dedicated pet mall in the centre of Beijing, Liu Xin shops for Chinese-branded, ready-made beef and chicken meals for her 2

Iran war boosts European logistics profits as shipping chaos persists

European logistics companies are expected to report higher first-quarter profits, benefiting from the turmoil created by the U.S.-Israeli war

Price hikes, outlook cuts - What airlines are doing as fuel costs surge

A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.

India's John Distilleries open to further stake sale to Sazerac, founder says

John Distilleries is open to selling more, and potentially all, of its founder's remaining stake to U.S. spirits group Sazerac, following an

How much risk can markets swallow?

A look at the day ahead in European and global markets from Rae Wee It's hard to pop the champagne when you're constantly looking over your shoulder.

Factory rebound lifts India's private sector growth in April, PMI shows

Growth in India's private sector accelerated in April as manufacturing and services activity rebounded after cooling last month despite elevated price pressures, a

Renault Q1 sales beat forecasts on strong demand from partners

French automaker Renault on Thursday said first-quarter sales rose 7.3% from a year earlier, well above expectations, as a jump in

Foreign investors buy Japan stocks on US-Iran peace hopes, AI rally

Japanese stocks attracted significant foreign investor inflows in the week through April 18, driven by a rally in artificial intelligence‑related stocks as risk sentiment improved

Houston amends curbs on ICE cooperation after governor's threat ahead of World Cup

Houston city officials amended on Wednesday an ordinance that halted cooperation with federal immigration authorities after the Texas governor

North Korea, Russia aim to open new road bridge soon, KCNA says

North Korea and Russia aim to open a road bridge connecting the

Amid the gloom, Iran conflict hands Indian cotton yarn hub a win

Supply chain and fuel disruptions triggered by the war in the Middle East have dealt a heavy blow to many Indian

Bank of Japan seen dropping hawkish signs even as it keeps rates steady

The Bank of Japan is expected to keep interest rates steady next week but signal its readiness to hike them as soon as June, as a war-driven energy shock

Japan's Nikkei reverses below 60,000 level as profit-taking steps in

Japan's Nikkei share average reversed course on Thursday after briefly topping the 60,000 level, as investors locked in profits from an early rally as the

Canada's prime minister says the US does not get to dictate terms for a trade agreement

Canadian Prime Minister Mark Carney says that Washington cannot dictate the terms of the continental trade deal known as USMCA

Peru's defense and foreign ministers resign after the president stalls US military planes deal

Peru's defense and foreign ministers have resigned after the country's president stalled a $3.5 billion deal for U.S. F-16 fighter jets

Microsoft bets big on AI in Australia with $18 billion investment

Microsoft said on Thursday that it will invest A$25 billion ($17.9 billion) in Australia by the end of 2029 to boost computing and artificial intelligence

USDA to expand acreage surveys to more US farmers

The U.S.

South Korea's Q1 GDP growth roars past market on booming AI-driven chip demand

South Korea's economy delivered its fastest growth in nearly six years last quarter, smashing forecasts as booming chip exports rode a global surge in AI

US Navy Secretary Phelan fired, sources say

Navy Secretary John Phelan has been fired, a U.S. official and a person familiar with the matter said on Wednesday, in another wartime shakeup at the

US Senate poised to advance ICE, border funding plan after marathon voting session

U.S.

Fire after Ukrainian attack at Russia's Tuapse refinery hits air quality

A large contingent of Russian firefighters was battling a blaze for the third day on Wednesday at the Tuapse oil refinery on the Black Sea after a Ukrainian drone attack, and

Unionised Samsung workers to hold rally in South Korea as labour unrest grows

Unions at Samsung Electronics said they expect about 37,000 workers to attend a rally in South Korea on Thursday, ahead of a threatened

American Airlines, Alaska Air explore deeper international partnership, sources say

American Airlines is in preliminary discussions with Alaska Air Group to broaden their existing partnership, potentially by bringing Alaska into

SK Hynix sets record as quarterly profit jumps five-fold, says AI chip demand exceeds capacity

South Korea's SK Hynix on Thursday set a record for quarterly profit with a five-fold jump in earnings and forecast AI chip demand would

Japan's factory activity expands at strongest pace in 4 years, PMI shows

Japan's manufacturing activity expanded at its strongest pace in four years in April as firms boosted production over concerns about potential supply shortages due to

Australia's CSL knocked by Pentagon flu policy shift, stock sinks to 2017 low

Australian biotech giant CSL extended losses on Thursday, lingering near decade lows, after the U.S. military scrapped its flu vaccine mandate, dealing

New Zealand says oil shock delays economy's recovery but does not derail it

New Zealand's economic recovery has been delayed but not derailed, Finance Minister Nicola Willis said on Thursday after the Iran

SoftBank seeks $10 billion margin loan backed by OpenAI shares, Bloomberg News reports

SoftBank Group is seeking a $10 billion loan secured by its shares in ChatGPT-maker OpenAI as it takes on more debt for its push into AI, Bloomberg News reported on Wednesday,

Wildfires across Georgia and Florida destroy more than 50 homes and force evacuations

Wildfires have intensified intensifying across the U.S. Southeast

The NFL has met with the FCC as the league faces scrutiny from regulators

The National Football League has met with the Federal Communications Commission as the league faces scrutiny from federal regulators

TI projects upbeat quarterly results on strong data center chip demand

Texas Instruments forecast second-quarter revenue and profit above Wall Street expectations on Wednesday, anticipating a boost in demand for its analog chips

ServiceNow flags Middle East deal delays, shares crash

ServiceNow reported on Wednesday that delays in closing several large government deals in the Middle East hurt first-quarter subscription revenue growth, sending

Intel lands Tesla as first major customer for 14A chip technology 

Tesla CEO Elon Musk said on Wednesday the EV maker plans to use Intel's next-generation 14A manufacturing process to make chips at its

New Zealand's opposition Labour Party to support India free trade deal

New Zealand's opposition Labour Party said on Thursday it would support a free trade deal with India, paving the way for the agreement to clear parliament after one of

Private credit funds for wealthy individuals raise 45% less new money in Q1, RA Stanger says

New money flows into a popular category of private credit funds for wealthy investors dropped by 45% in the first three months of this year from the same

Mexico 'shouldn’t be nostalgic' about zero-tariff era, economy minister says

Mexico's Economy Minister Marcelo Ebrard acknowledged on Wednesday that tariffs on the country's automotive, steel and aluminum

Anthropic seeks to debunk Pentagon's claims about its control over AI technology in military systems

Anthropic on Wednesday told an appeals court that it can’t manipulate its artificial intelligence tool Claude once it is deployed in classified Pentagon military networks

Vaccines, budget cuts and affordability: Takeaways from RFK Jr.’s gauntlet of congressional hearings

Health Secretary Robert F. Kennedy Jr. has concluded a marathon of budget hearings with federal lawmakers

Water to surge into drought-depleted Lake Powell but at costs elsewhere

Desert canyons in eastern Utah will be churning this spring with huge volumes of water in a desperate attempt to keep a reservoir on the Colorado River generating electricity

Argentina's Milei proposes elections overhaul, latest effort to shrink state

Argentina’s government on Wednesday said it sent Congress an electoral reform bill it said would cut costs, boost

US intercepts three Iranian oil tankers in Asian waters, sources say

The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia

USDA to announce next phase of agency reorganization this week, agriculture secretary says

U.S.

Iran seizes ships in Strait of Hormuz after US calls off renewed attacks

Iran seized two ships in the Strait of Hormuz on Wednesday, tightening its grip on the strategic

Trading Day: Nasdaq hits new high

U.S. stocks surged on Wednesday, with the Nasdaq setting a new high and the S&P 500 a new closing high, as tech and earnings optimism

Southwest forecasts second-quarter profit below estimates as higher fuel costs bite

Southwest Airlines on Wednesday forecast second-quarter earnings below Wall Street expectations and declined to update its full-year outlook, as surging fuel costs and economic

Lululemon says it picks former Nike executive as next CEO

Lululemon Athletica picked a former top Nike executive as its next chief executive as the athletic apparel retailer known for its stretchy yoga

IBM's slower revenue growth fans AI worries, shares fall

IBM's revenue growth slowed in the first quarter on sluggishness in its software business, fanning fears of disruption from artificial intelligence tools and

Kinder Morgan tops quarterly profit estimates amid rising natural gas demand

Kinder Morgan exceeded Wall Street expectations for first-quarter profit on Wednesday, as the pipeline operator benefited from increased U.S. natural gas demand

Senators raise concerns about US bailout of Spirit Airlines

A number of U.S. lawmakers expressed concerns about a potential federal government rescue of bankrupt Spirit Airlines, with the Republican chair of

Tesla lifts 2026 spending plans by a quarter as Musk funds AI and robotic dreams

Tesla sharply raised its spending plan to more than $25 billion for the year as CEO Elon Musk pours money into artificial intelligence, robotics

Casino operator Las Vegas Sands quarterly profit rises on Macau, Singapore demand

Las Vegas Sands reported a higher first-quarter profit on Wednesday, driven by strong demand from both its Macau and Singapore businesses, sending the casino operator's shares up

CSX quarterly earnings climb as intermodal volumes strengthen

U.S. railroad operator CSX on Wednesday reported higher first-quarter profit and revenue, helped by strong intermodal volumes and firm pricing, sending its

Trump Media has pivoted to crypto, financial services and nuclear fusion. Its stock keeps falling.

The Trump family's alternative to Facebook and Twitter is shaking up its leadership in hopes of reviving the struggling business

Two year closure was his idea, says Trump’s new Kennedy Center leader, defending dramatic move

Two year closure was his idea, says Trump’s new Kennedy Center leader, defending dramatic move

More kids than ever are attending state-funded preschool, with California's surge leading the way

More kids than ever are attending state-funded preschool in the U.S., 1.8 million of them the last school year

Tesla profits rose in the first quarter as Musk teases debut of new Roadster

Tesla's profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025

Spirit Airlines close to a $500 million bailout from Trump administration

Spirit Airlines close to a $500 million bailout from Trump administration

Gov. Tim Walz to release 'Good Neighbors,' inspired by ICE surge in Minnesota and the pushback

Minnesota Gov. Tim Walz is working on a book inspired in part by a massive immigration enforcement surge in Minneapolis-St. Paul earlier this year and the local pushback

Board game maker files claim as tariff refunds open nationwide

Board game maker files claim as tariff refunds open nationwide

S&P, Nasdaq close at records on Iran ceasefire extension, earnings

U.S. stocks climbed on Wednesday to send the S&P 500 and Nasdaq to closing records, after U.S.

US farm secretary says USDA is speaking with White House daily on high fertilizer prices

U.S.

Kalshi suspends three US congressional candidates for 'political insider trading'

Prediction markets platform Kalshi said on Wednesday it has suspended three U.S. congressional candidates for "political insider trading," building on

CSX delivers 25% jump in profit as it hauls more goods and cuts expenses

CSX railroad’s profit jumped 25% in the first quarter as the railroad hauled 3% more shipments and cut its expenses

Athleisure company Lululemon appoints Heidi O'Neill as new top boss, WSJ says

Athletic apparel maker Lululemon picked Heidi O'Neill as CEO, the Wall Street

Airline company Lufthansa cuts 20,000 flights as war squeezes fuel prices and supplies

The German company that owns Lufthansa Airlines and other European carriers says it plans to cut 20,000 short-haul flights through October as the Iran war drives up oil prices and deepens worries that some countries may run low on jet fuel

How Wall Street is setting records even with the Iran war still going on

It seems so illogical

US stocks rally to records, but Brent oil also tops $100 on worries about the Iran war

The U.S. stock market set more records after GE Vernova and other big companies joined the parade reporting fatter profits for the start of the year than analysts expected

Mandelson scandal shatters UK PM Starmer's promise of stable government

Prime Minister Keir Starmer came to power on a promise to govern Britain efficiently after years of political

UN leadership candidates vow to pursue reform and core principles

Candidates to become the next head of the United Nations vowed on Wednesday to revitalize the troubled organization by pursuing reforms,

New tool helps visualize water use — and what’s not reaching the Great Salt Lake

New tool helps visualize water use — and what’s not reaching the Great Salt Lake

US criticizes China's pressure on African countries to block Taiwan president's trip

The United States is concerned that several African countries revoked overflight clearances for Taiwan's president at China's behest, the State

Warner Bros. Discovery shareholders are about to vote on the Paramount mega-deal

Warner Bros. Discovery shareholders are about to vote on the Paramount mega-deal

Kansas City food truck owners say new rules could put them out of business

Kansas City food truck owners say new rules could put them out of business

TSMC shows smaller, faster chips without a pricey new tool from ASML 

By Stephen Nellis and Max A.

TSMC plans to open chip packaging plant in Arizona by 2029, executive says 

By Stephen Nellis and Max A.

Stocks end higher on ceasefire relief, oil gains as truce is tested

Wall Street stocks gained ground on Wednesday following U.S.

Goldman Sachs settles shareholder lawsuit over 1MDB scandal

Goldman Sachs has agreed to settle a class-action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a

Trump administration nears $500 million Spirit rescue as Iran fuel shock hits airlines

The Trump administration is nearing a deal to rescue low-cost carrier Spirit Airlines that could include up

JPMorgan hires two top technology bankers from Bank of America, memo says

JPMorgan has hired two veteran technology bankers from Bank of America as it continues to expand its tech investment banking group, according to an

Royals will build a $1.9B downtown KC ballpark as part of a $3B project with Hallmark Cards

The Kansas City Royals are moving from Kauffman Stadium to downtown Crown Center

'It was all a miracle’ Man rescued after days lost in wilderness

'It was all a miracle’ Man rescued after days lost in wilderness

988 hotline's launch is linked to thousands of fewer suicide deaths among teens and young adults

Nearly 4,400 fewer U.S. teens and young adults died by suicide than projected in the first two-and-a-half years of the 988 mental health crisis hotline

Brighton City Council votes to demolish century-old historic landmark despite community pushback

Brighton City Council votes to demolish century-old historic landmark despite community pushback

More confusion looms over Strait of Hormuz after Iran attacks three ships near waterway

Confusion is deepening in the Strait of Hormuz after Iran attacked three ships near the crucial waterway that has plunged the world into an energy crisis

Nvidia-backed VAST Data valued at $30 billion in latest funding round

VAST Data said on Wednesday it was valued at $30 billion in its latest funding round, growing more than threefold since 2023, helped by strong interest in companies that build the

Convenience store chain Yesway climbs in Nasdaq debut as IPO market recovers

Convenience store operator Yesway's shares jumped 10% in their Nasdaq debut on Wednesday, signaling a revival in investor appetite for new listings as equity

National Healthcare Properties shares fall in Nasdaq debut after REIT's $462-million IPO

Real estate investment trust National Healthcare Properties' shares fell 3.7% in its Nasdaq debut on Wednesday, as investor appetite for new listings remains uneven amid

Oil up $3 on drop in US fuel stocks, reports of gunfire hitting container ships in Hormuz

Oil prices settled up by more than $3 on Wednesday after a surprise gasoline and distillate stock draw in the U.S., and on reports of gunfire

Goldman Sachs' Akila Raman to lead alternatives capital markets business, memo shows

Goldman Sachs has appointed insider Akila Raman as the global head of its private and alternatives capital markets business, according to a memo seen by Reuters on Wednesday.

LinkedIn names insider Daniel Shapero as new CEO

Microsoft's LinkedIn named Chief Operating Officer Daniel Shapero as its new CEO, tapping a veteran of the professional networking site to lead it through an era of AI-driven

Proxy advisor ISS urges ConocoPhillips shareholders to vote for independent board chair

Proxy advisor ISS on Wednesday recommended that ConocoPhillips shareholders vote in favor of a proposal calling for an independent board chair, citing the need for stronger

How Deutsche Telecom and T-Mobile US could pull off the world's biggest M&A deal

Deutsche Telekom is exploring a possible tie-up with T-Mobile US to create a $300 billion telecoms giant, sources said, in what would overtake Vodafone-Mannesmann's

'Lipstick effect' boosts L'Oreal sales as crisis-weary consumers turn to beauty

L'Oreal posted its fastest quarterly sales growth in two years on Wednesday and said it was optimistic about growth, despite growing concerns about a

US breach of commitments, blockade of ports main obstacles to 'genuine negotiation', Iranian president says

The U.S. breach of commitments and its blockade of Iranian ports and threats are the main obstacles to "genuine negotiations", Iranian President Masoud Pezeshkian said on

US-based Virtus and Indian partner to restart Congo copper miner Chemaf in 2027, union executive says

U.S.-based Virtus Minerals and Indian partner Lloyds Metals & Energy plan to restart full production at Congolese copper and cobalt miner

Fannie, Freddie to accept 'predictive' credit scores, US officials say

Housing finance giants Fannie Mae and Freddie Mac are now accepting additional credit scores that take into account rent and

Minnesota counties push Legislature to shore up support for software upgrades decades overdue

Minnesota counties push Legislature to shore up support for software upgrades decades overdue

Peru's Balcazar says payment for F-16 purchase postponed until next government takes power

Peruvian interim President Jose Balcazar said on Wednesday that the payment for a purchase of F-16 aircraft has been postponed until the next government takes power in July.

Condom maker may raise prices because of Iran war

Condom maker may raise prices because of Iran war

Trump ballroom deal shields donor identities, limits conflict safeguards, contract shows

Newly released documents show the Trump administration set up a legal framework allowing hundreds of millions of dollars in anonymous private donations to fund

$28 billion and counting: Europe tallies the cost of another energy crisis

$28 billion and counting: Europe tallies the cost of another energy crisis

DHS warns it will run out of money to pay airport security workers in coming weeks

DHS warns it will run out of money to pay airport security workers in coming weeks

Devin Nunes steps down as head of Trump’s struggling media company

Devin Nunes steps down as head of Trump’s struggling media company

Trump advisers privately strategize around a new midterm push: Democrats would be worse

Trump advisers privately strategize around a new midterm push: Democrats would be worse

Russia to stop Kazakh oil flows to German PCK refinery via Druzhba

Russia will stop the supply of Kazakh crude oil via the Druzhba pipeline to Germany from May 1, Deputy Prime Minister

Brazil's BRB shareholders approve $1.8 billion capital increase

Shareholders of Brazilian state-run lender Banco de Brasilia (BRB) on Wednesday approved a capital increase of up to 8.8 billion reais ($1.77

EU may let startups claim innovation benefits in M&A if Big Tech not involved

Startups claiming innovation benefits for their deals will likely secure speedy EU antitrust approval, but not if Big Tech is involved, a draft revamp of

United Airlines says fares may need to rise up to 20% to offset fuel surge

United Airlines CEO Scott Kirby said on Wednesday ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs,

Boeing CEO: Trump is key to closing major plane order from Chinese airlines

Boeing is counting on the Trump

From paint to flights, Iran war lifts costs, darkens outlooks

Companies from consumer goods to travel and mining warned on Wednesday that the U.S.-Israeli war with Iran is

Wall Street rises on Iran ceasefire extension and solid earnings

U.S. stocks climbed on Wednesday after U.S.

Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from one

U.S.

Canada is not a supplicant, will not let US dictate terms of USMCA review, says Carney

Canada is not a supplicant that will allow the U.S. to dictate the terms for a scheduled review of the United States-Mexico-Canada trade treaty, Prime

United Airlines CEO plays down merger talk as White House signals skepticism

United Airlines CEO Scott Kirby on Wednesday played down speculation about a potential tie-up with American Airlines and declined to comment on

US hoping for wider farm goods purchases deal from China in Trump's trip, Greer says

The U.S. is aiming to get agreement on a broader range of farm goods purchases by China beyond soybeans during President Donald Trump's planned visit there next month, U.S.

Deutsche Telekom and T-Mobile in early talks for mega merger, sources say

Deutsche Telekom is exploring a deal to combine with T-Mobile US and create a transatlantic

Boeing posts smaller-than-expected loss as recovery gains traction, shares jump

Heavy rain and snowmelt are hurtling large chunks of ice into northeastern Michigan homes

Large chunks of ice have rammed into homes along Michigan's Black Lake in the northeastern Lower Peninsula as constant spring rainfall and winter melt have flooded homes and threatened to overflow stressed dam systems

Supreme Court rules for Michigan in its fight to shut down an aging energy pipeline

The Supreme Court has sided with Michigan in ruling that the state’s lawsuit seeking to shut down a section of an aging pipeline beneath a Great Lakes channel will stay in state court

Zelensky tells CNN talks on Ukraine cannot wait until after the war in Iran is over

Zelensky tells CNN talks on Ukraine cannot wait until after the war in Iran is over

Sorry, Tampa Bay, mixed-use districts don’t reverse the dismal economics of sports venues

Tampa residents, take note: The Battery has delivered for the Atlanta Braves, but not for Georgia taxpayers.

US Labor Department unveils proposal on contract, franchise worker pay

President Donald Trump's administration on Wednesday moved to make it more difficult to hold companies liable when their contractors or franchisees violate

Wall Street opens higher on ceasefire extension relief

Wall Street's main indexes opened higher on Wednesday after U.S.

Boston Scientific cuts annual forecast, shares rise on reset

Medical device maker Boston Scientific slashed its annual profit and revenue growth forecasts on Wednesday, a move analysts said could reassure

Honeywell's Quantinuum confidentially files for US IPO

Industrial giant Honeywell said on Wednesday its quantum computing company, Quantinuum, has confidentially filed paperwork for a U.S. initial public offering.

Robinhood's venture fund bets on OpenAI as retail rush for AI heats up

Robinhood's venture fund said on Wednesday it has invested $75 million in OpenAI, allowing retail investors exposure to one of the world's hottest privately held AI

Germany halves 2026 growth forecast, raises inflation outlook amid Iran war

Germany's economy ministry cut its growth forecasts for 2026 and 2027 and raised its inflation projections on Wednesday, as the Iran war drives up oil

Blockchain billionaire Sun takes Trump family’s crypto firm to court

Crypto entrepreneur Justin Sun on Tuesday ​sued World Liberty Financial, the digital currency venture co-founded by

Philip Morris trims annual profit forecast amid nicotine pouch uncertainty

Philip Morris International cut its annual profit forecast on Wednesday amid regulatory uncertainty over its Zyn nicotine pouches and rising competition in

Waiting for 'safe and sustainable' strait crossings, top shipping execs say

Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world's sees much oil or cargo

Dollar gains as Iran war keeps central banks in wait-and-see mode

The dollar rose on Wednesday on lingering concerns about the ongoing U.S.-Israeli war with Iran, after President Donald Trump

Private credit funds' shares trade at steep discounts as concerns grow

Shares of private credit funds are trading at their deepest discounts to net asset values in more than 5-1/2 years as investors grow more sceptical of

Toronto exchange operator to buy Cboe's Canada, Australia units

TMX Group on Wednesday agreed to buy Cboe Global Markets' Canadian and Australian businesses for $300 million, in a deal that

Best Buy taps insider Bonfig to succeed veteran Barry as CEO amid demand slowdown

Best Buy on Wednesday named insider Jason Bonfig as CEO, replacing longtime executive Corie Barry, in a leadership change that comes as the

Number of top women bankers edges up despite US backlash, study shows

The number of women holding top jobs at leading financial institutions has edged up to a record high, a new report has shown, suggesting diversity is

Druzhba pipeline restarts Russian oil flows to Europe, unblocking EU loan for Kyiv

Russian oil flowed through the Ukrainian section of the Druzhba pipeline on Wednesday after a halt lasting months, officials

USDA and Palantir sign $300 million software purchase agreement

The U.S. Department of Agriculture and software company Palantir Technologies on Wednesday announced the signing of a $300 million Blanket Purchase Agreement (BPA).

Del Vecchio heir lines up banks for 10 billion euro loan to triple Delfin stake

Leonardo Maria Del Vecchio has reached a preliminary agreement with banks for a 10-billion-euro ($11.7 billion) loan to buy out two of his siblings in the family holding

Hungary's next government vows to open communist-era secret police archives

Hungary's new government will open up the historical archives of its communist-era secret police, according to the man who will run the office of Peter Magyar, winner of

Rivian starts production of R2 SUVs, deliveries expected later this spring

Rivian on Wednesday started production of its smaller R2 SUVs, with customer deliveries expected later this spring, the electric-vehicle maker said,

Budweiser-maker Anheuser-Busch lays out $600 million investment plan for US facilities

Anheuser-Busch InBev is investing $600 million in U.S. manufacturing facilities over two years, the American subsidiary of the world's top brewer said on Wednesday, in line with

Micron pushes US Congress to crack down on chip tool sales to Chinese rivals, sources say

Micron Technology, the largest U.S. memory chipmaker, is a driving force pushing the U.S.

Are you a DHS employee worried about getting future paychecks? Tell us about it

Are you a DHS employee worried about getting future paychecks? Tell us about it

Carney, boosted by majority government in Canada, aims for US trade deal

After securing a majority government in Canada last week, Prime Minister Mark Carney faces his biggest challenge: redefining trade with the U.S. under

SiriusXM to sell YouTube audio ads exclusively in US

SiriusXM has struck a deal with Alphabet's YouTube to become its exclusive audio advertising sales partner in the U.S., it said on Wednesday.

In Mexico, flagship Mayan tourist train leaves trail of broken pledges

Deep in Mexico's Maya jungle, brilliant white lights blaze improbably in the wilderness: a maintenance depot for a flagship multi-

South Korea, Vietnam sign 12 MOUs as Lee urges broader cooperation

South Korean President Lee Jae Myung called for expanding cooperation with Vietnam beyond trade and investment to areas including energy security and infrastructure during

AT&T adds more wireless subscribers than expected as bundling pays off

AT&T added more wireless subscribers than expected in the first quarter, benefiting from customers opting for the telecom provider's packages bundling

TE misses quarterly revenue estimates, flags price hikes due to Iran war

Electronic equipment maker TE Connectivity missed quarterly Wall Street expectations on Wednesday and warned it may have to pass higher raw-material costs on

Teledyne lifts annual profit forecast, beats quarterly estimates

Teledyne Technologies on Wednesday raised its profit forecast for full-year 2026, as the sensing systems maker continues to benefit from robust demand across its digital imaging,

Moody's profit rises on strong analytics growth, lifts annual forecast

Ratings agency Moody's reported a rise in first-quarter profit on Wednesday, driven by strong demand for its research and analytics products, and raised its 2026 earnings forecast

EU prepares finalisation of Ukraine loan and new Russia sanctions, Cyprus says

EU ambassadors approved on Wednesday the disbursement of a promised 90 billion euro ($106 billion) loan to Ukraine as well as a new package of sanctions against Russia,

South Korea, Vietnam agree to boost nuclear energy, high-tech cooperation

Vietnam and South Korea's leaders agreed to boost cooperation in nuclear energy and high-tech at a meeting in Hanoi on Wednesday, as the

Fed rate cut pushed back to late 2026 on war-related inflation risks: Reuters poll

The U.S.

Traders place $430 million bet on lower oil price before Trump ceasefire extension

Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S.

Czech public broadcaster unions issue strike warning over government's funding revamp

Unions at Czech Television and Czech Radio warned they were preparing to strike on Wednesday over what they see as a threat to their independence from planned government

CME Group profit rises as market volatility drives hedging demand

CME Group reported a rise in first-quarter profit on Wednesday, as the derivatives exchange operator benefited from heightened market volatility encouraging more

GE Vernova lifts 2026 outlook as AI boom fuels power equipment demand

GE Vernova on Wednesday raised its annual forecasts for revenue and adjusted core profit margin, betting on surging demand from data centers and grid infrastructure

Italy cuts growth outlook, hikes deficit, debt as Iran war weighs

Italy on Wednesday cut its economic growth outlook and hiked forecasts for the budget deficit and public debt, reflecting surging energy

Delay in Medicare pilot for obesity drugs may not hurt near-term demand, analysts say

A delay in a Medicare pilot to cover obesity drugs due to health insurers' hesitation to participate in the program is unlikely to dent near-term demand for weight

Gaming industry could unlock $22 billion in profits on AI-driven cost cuts, says Morgan Stanley

Advanced artificial intelligence tools could help cut down video game developing costs by nearly half, potentially unlocking about $22 billion in annual profits

The Gates Foundation is hiring an investigator to probe its Epstein connections

The Gates Foundation is hiring an investigator to probe its Epstein connections

China's foreign and defense ministers meet with Cambodian counterparts in joint '2+2' dialogue

Cambodia and China have held their first meeting of what is called a “2+2” Strategic Dialogue Mechanism

Mets fans might be losing faith as lengthy losing streak finally ends

Mets fans might be losing faith as lengthy losing streak finally ends

How personal finance advice is getting political, thanks to ‘finfluencers’

Money management guidance used to be uncontroversial and staid. It’s become something completely different on social media.

The fee you didn’t know you were paying to leave a country

The fee you didn’t know you were paying to leave a country

More World Cup seats will go on sale after FIFA adds costlier ticket categories

FIFA is putting more World Cup tickets on sale after angering some fans by adding new, more expensive categories

EU close to approving a $106B loan for Ukraine after months of deadlock

The European Union is close to approving a 90 billion euro ($106 billion) loan package to support Ukraine’s military and financial needs for the next two years

Tables turn as Republicans face gas-price attacks they once used on Democrats

Tom Barrett tapped into voter frustration over high gas prices as part of his successful 2024 run for Congress in Michigan.

Governments worldwide shield households from rising energy costs

Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran. 

Software makers' best may not be good enough as AI fears mount

Salesforce will likely report its fastest quarterly revenue growth in three years, but analysts say that may not be enough, as fears that

S&P 500 PE looks cheap, but high oil prices still pose a threat 

Wall Street has roared back to record highs even as uncertainty over the conflict in Iran lingers, a risk highlighted by a steady

Crypto exchanges gear up to launch US perpetual futures ahead of rule change

Global crypto exchanges are racing to capitalize on the U.S.

EU envoys poised to adopt 20th package of Russia sanctions, diplomats say

European Union envoys are set to adopt a 20th package of sanctions against Russia, with Slovakia and Hungary expected to drop their opposition to the move

Thailand can borrow $15.55 billion by October without raising debt ceiling, minister says

Thailand's government has room to borrow up to 500 billion baht ($15.55 billion) by October without raising the public debt ceiling, its finance minister said on

Trump's deportation push could cost Republicans in midterm elections, Reuters/Ipsos poll finds

By Jason Lange, Ted Hesson and M.B.

Peru pipeline rupture followed years of regulator warnings, documents show

A pipeline rupture that crippled Peru's energy grid in March followed years of documented warnings from regulators to pipeline operator TGP about

German economy likely grew in Q1 but Iran war weighs on outlook, Bundesbank says

The German economy grew at a modest pace in the first quarter on healthy industrial and services output but higher energy prices and the uncertainty over the Iran war

Economic turbulence and rate hikes could jeopardise France's deficit efforts, fiscal watchdog warns

Uncertain economic conditions and possible changes in interest rates could throw France's effort to trim its deficit to 3% of output by 2029 into doubt, France's fiscal

Merck to partner with Google Cloud on AI initiatives

Drugmaker Merck & Co said on Wednesday it will partner with Google Cloud to build up its artificial intelligence capabilities, investing as much as $1

Iran war conflict could create systemic gas demand destruction, says top sector official

The natural gas demand destruction currently resulting from the Iran war as governments implement measures to mitigate the crisis risks becoming

Asian shipowners to cross Hormuz before Western firms, executives say

Asian ship owners might begin to sail through the Strait of Hormuz soon amid a fragile U.S.-Iran ceasefire as they have a higher

UK consumers turn gloomiest about economy since records began in 1978

British consumers are gloomier about the economy than at any time since records began in 1978, according to a survey published on Wednesday that showed the Iran war and soaring

In the AI era, Apple's strengths may become its constraints

Apple built its empire on control.

Turkey central bank holds rates at 37% as it eyes Iran war fallout

Turkey's central bank held its key interest rate at 37% as expected on Wednesday, deciding not to hike but warning that fallout from the

The Iran war could drive up costs for petroleum-derived products like clothes and crayons

The Iran war’s most tangible and immediate effect for many people outside the Middle East has been spiking gasoline prices

Tim Cook’s extraordinary career in 4 charts

Tim Cook’s extraordinary career in 4 charts

Trump media company replaces ex-congressman Nunes as CEO after stock plunge that wiped out billions

The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as leader of the social media platform after a stock collapse in the past year

The ‘groundbreaking’ case of the cyber experts who allegedly broke bad and worked with criminals

The ‘groundbreaking’ case of the cyber experts who allegedly broke bad and worked with criminals

Italy's 2025 deficit-GDP ratio confirmed at 3.1%, in blow to PM Meloni

Italy posted a budget deficit of 3.1% of gross domestic product last year, statistics bureau ISTAT reported on Wednesday, confirming previous data and dashing Rome's hopes

UK house prices rose by 1.2% in year to February, ONS says

British house prices rose by 1.2% in the year to February, after a 1.0% increase in the year to January, the Office for National Statistics said on Wednesday.

European stocks slip as Middle East tensions persist; earnings watched 

European shares dipped on Wednesday, extending losses for a third straight session, as a fragile U.S.-Iran truce weighed on sentiment, while

Japex aims to quadruple oil and gas output in 10 years, eyes US expansion

Japan Petroleum Exploration said on Wednesday it plans to quadruple its oil and gas output over the next decade, investing 1.16 trillion yen ($7.3 billion)

US investors crave predictability after Orban's overnight law changes

U.S. investors in Hungary are hoping for a return to predictable policymaking after years of abrupt law changes and ad hoc measures, following centre-

The US-Iran war is spilling into the Indo-Pacific. That could make it harder to end

The US-Iran war is spilling into the Indo-Pacific. That could make it harder to end

South African inflation nudges higher ahead of expected April surge

South Africa's headline consumer inflation edged up as expected last month, but analysts said the increase would be far larger in April when fuel

China unveils plan to make cities more youth, child friendly

China has issued a new proposal urging cities to integrate youth development into urban planning, housing, healthcare, education and public services, in a broader push

How the Iran war oil and gas supply shock compares with past disruptions

The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though

UK inflation, showing first hit from Iran war, jumps to 3.3%

British inflation rose to 3.3% in March from 3.0% in February, according to data showing the first impact on prices from the Iran war

UK's Senior expects 2026 performance above expectations on stronger aerospace demand

Aerospace and defence supplier Senior Plc on Wednesday said it expects its 2026 performance to be "comfortably better" than prior expectations after strong demand in the first

UK inflation rises as prices at the pump spike after Iran war

Inflation in the U.K. climbed in March, driven by a sharp rise in fuel prices following the Iran war

US halts Iraq dollar cash shipment after militia strikes, sources say

The United States has halted a shipment of about $500 million in cash bound for Iraq and suspended parts of its

USTR Greer urges US allies to pay more for critical minerals, FT reports

U.S. Trade Representative Jamieson Greer has told American allies they must pay more for critical minerals sourced from outside China, the Financial Times reported on Wednesday. 

Number of immigrants in EU reaches record high of 64.2 million in 2025, study shows

The number of immigrants residing in the European Union climbed to a record high of 64.2 million in 2025, up about 2.1 million from a year earlier,

Cuban exiles have renewed hope and fears over claims on property seized long ago

President Donald Trump's threat of military intervention in Cuba is raising hopes of regime change among Cuban Americans

How a crummy cake kicked off a food-delivery crisis in China

How a crummy cake kicked off a food-delivery crisis in China

Convenience store owner Yesway raises $280 million in US IPO

Convenience store owner Yesway said on Tuesday it had raised $280 million in its U.S. initial public offering.   

Indefinite ceasefire, markets unbothered

A look at the day ahead in European and global markets from Ankur Banerjee An indefinite ceasefire in the Middle East that may or may not be agreed by all parties but is mostly expected by markets is

OpenAI in talks to commit up to $1.5 billion to private equity JV, FT reports

Artificial intelligence firm OpenAI is set to commit up to $1.5 billion to a new joint venture with private equity firms, Financial Times reported on Wednesday, citing people

Australia's Treasury Wine surges 17% on robust China demand, new regional structure

Shares of Treasury Wine Estates rose more than 16% on Wednesday, their sharpest one-day gain in over five years, after Australia's standalone winemaker reported

This week at SpaceX: AI bets, losses and push for control as mega IPO looms

Elon Musk's SpaceX saw a slew of developments this week as it barrels toward what could be the largest initial public offering in history.

STORY REMOVED: Financial Markets

Please disregard Financial Markets, published on Apr

The Latest: Trump extends the ceasefire with Iran but keeps the blockade

President Donald Trump says he is extending the ceasefire with Iran at Pakistan’s request while awaiting a “unified proposal” from Tehran, even as the U.S. military maintains its blockade of Iranian ports

Japan exports rise for seventh month as AI demand blunts Mideast risks for now

Japan's exports rose for a seventh straight month led by demand tied to artificial intelligence that has for now blunted the impact of trade disruptions

New Zealand's investor visa draws nearly NZ$4 billion

New Zealand's "golden visa" programme has drawn nearly NZ$4 billion ($2.4 billion) in committed and pipeline investment in its first year, the government said on

Trump mulls extending shipping waiver to ease US oil shipments, Axios reports

U.S.

Virginia voters approve redistricting plan that could boost Democrats’ seats in Congress

Virginia voters have approved a congressional redistricting plan that could help Democrats win up to four additional U.S. House seats in this year’s midterm elections

With acting AG at his side, FBI Director Patel publicly addresses allegations about his conduct

With acting AG at his side, FBI Director Patel publicly addresses allegations about his conduct

Taiwan president postpones Eswatini visit and says China pressured African countries

Taiwan’s president has postponed a planned visit to Africa after three countries withdrew permission for his flight over their territories

America Movil posts Q1 profit up 25%

Mexican telecoms giant America Movil on Tuesday posted a 25.1% rise in profit for the first quarter, driven by stronger operating earnings and lower financing costs.

South32 cuts Australia manganese outlook on cyclone impact, flags Middle East risks

Diversified miner South32 cut its full‑year forecast on Wednesday for its Australia Manganese unit after wet-season rainfall and Tropical Cyclone Narelle disrupted operations, and

Tiny Pacific nations face tough choices on food, fuel posed by Iran war

Far-flung Pacific nations are reeling from the impact of a global fuel crisis as authorities scramble to manage energy supplies while families must

UK pay awards rise in Q1 but April hints at softness, Brightmine says

British employers offered slightly higher pay deals in the first quarter of 2026 but early signs of softness emerged in April, a key month for wage settlements, a survey from

SpaceX says it has option to acquire startup Cursor for $60 billion

SpaceX said it has secured an option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes

South Korea producer prices rise in March at fastest in more than 3 years

South Korea's producer prices rose in March at the sharpest pace in more than three years on a surge in oil prices sparked by the Middle East conflict, central bank data

Consumer watchdog group files suit alleging Meta profited on ads for scams

The Consumer Federation of America has filed a class-action complaint against Meta Platforms alleging that the social-media giant has profited from advertising for

Capital One quarterly profit misses estimates as bad loan provisions rise

Capital One Financial missed Wall Street expectations for first-quarter profit on Tuesday, as the consumer lender set aside more money to cover potential bad loans.

GM delays next-gen EV truck program, Crain's Detroit reports

General Motors is indefinitely delaying its next-generation full-size electric truck program, including the GMC Sierra and Chevrolet Silverado, which was set to start in

Trump renews his call for Congress to intervene and pass legislation to control college sports

President Donald Trump repeated his call for Congress to pass legislation that would rein in college sports at a time athletes are allowed to move freely from school to school and command salaries that put athletic departments in financial peril

Anthropic's Mythos model accessed by unauthorized users, Bloomberg News reports

A small group of unauthorized users has accessed Anthropic's new Mythos AI model, Bloomberg News reported on Tuesday, citing documentation and a person familiar with the matter.

US transportation secretary seeks $10 billion for air traffic control overhaul

U.S.

Trump says the US will extend its ceasefire with Iran at Pakistan's request

President Donald Trump says the United States is indefinitely extending its ceasefire with Iran at Pakistan’s request as he waits for a unified proposal from the Islamic Republic

Navy review puts future of highest-tech US aircraft carriers in question

The Navy is reviewing the design and costs of its Ford-class aircraft carrier, one of its most high-tech and expensive warships

Meta breaks ground on over $1 billion data center in Oklahoma's Tulsa

Meta Platforms said on Tuesday it has begun construction on a new data center in Tulsa, Oklahoma, a project valued at more than $1 billion, as the Facebook-parent races to build

Fed's Waller would 'absolutely' oppose firing reserve bank presidents over rate disagreement

Federal Reserve Governor Christopher Waller on Tuesday said he would "absolutely" oppose any effort to try to fire Fed regional bank presidents over disagreements on interest rate

Japan considers inviting Philippines President Marcos for state visit next month, Nikkei reports

The Japanese government is in talks to invite Philippine President Ferdinand Marcos Jr. to Japan as a state guest as early as next month, Nikkei Asia reported on Wednesday.

Fed chair pick Warsh makes case for smaller Fed holdings in hearing

Kevin Warsh, tapped by President Donald Trump to lead the Federal Reserve, told a Senate panel on Tuesday he would work with the Treasury Department to help achieve his

NYC's first table games casino, Resorts World New York City, set to officially open in Queens next week

NYC's first table games casino, Resorts World New York City, set to officially open in Queens next week

Trump says he will 'remember' companies that don't seek tariff refunds

President Donald Trump said on Tuesday he will "remember" companies that do not seek refunds for payments they

Air New Zealand's chief financial officer resigns, airline commences search for replacement

Air New Zealand said on Wednesday that its finance chief Richard Thomson has resigned and will leave the airline on August 28.

Trading Day: Trump extends ceasefire deadline ... after market close

Oil and the dollar rose on Tuesday and U.S. stocks fell, as investors baulked at signals from Washington and Tehran that peace talks have not

Adobe announces $25 billion stock buyback amid AI disruption fears

Adobe on Tuesday announced a share repurchase program worth up to $25 billion through April 30, 2030, as the Photoshop maker seeks to reassure investors of its growth strategy

Five things learned at Fed nominee Warsh's Senate hearing

In testimony Tuesday at the Senate Banking Committee, Federal Reserve Chair nominee Kevin Warsh never said if he agrees with President Donald Trump's view that the Fed's policy

NY State lawmakers revive bill to curb distressed sovereign debt lawsuits

New York state lawmakers have reintroduced legislation that would curb some investors' ability to buy distressed sovereign debt and sue for full

Saving Spirit Airlines possibly puts 'good money after bad', Transportation head Duffy says

U.S. Transportation Secretary Sean Duffy on Tuesday raised concerns about using government funds to rescue low-cost bankrupt airline Spirit Airlines. 

Purdue Pharma's $5.5 billion sentencing for opioid charges delayed after victims show up to court

A federal judge on Tuesday delayed the planned criminal sentencing of Purdue Pharma by one week, saying she wanted to allow more public participation

Argentina's Milei will send electoral reform to congress

Argentine President Javier Milei said on Tuesday he will send an electoral reform bill to Congress on Wednesday to eliminate mandatory primary elections.

SpaceX says unproven AI space data centers may not be commercially viable, filing shows

SpaceX warned investors that its ambitions to build space-based artificial intelligence data centers, as well as human settlements on the moon and Mars,

United Airlines echoes industry caution as Iran war fuel surge squeezes margins

United Airlines on Tuesday forecast second-quarter and full-year profits below Wall Street estimates as higher jet fuel prices squeeze margins and

New York sues Coinbase and Gemini, seeking to halt unlicensed prediction market businesses

New York is suing Coinbase and Gemini over unregulated and unlicensed prediction market platforms that the state contends are illegal gambling operations

Small business owners skeptical about getting tariff refunds

Small business owners skeptical about getting tariff refunds

US forces board a sanctioned oil tanker in the Indian Ocean, the Pentagon says

U.S. forces have boarded an oil tanker previously sanctioned for smuggling Iranian crude oil in Asia

Supreme Court seems wary of limiting federal regulators' power in a data privacy case

The Supreme Court seems wary of limiting the power of federal regulators in a case over multimillion-dollar penalties levied against telecommunications giants Verizon and AT&T

Trump picks a University of Minnesota professor to lead his economic council

President Donald Trump is nominating University of Minnesota economist Christopher Phelan as the next chairman of the White House Council of Economic Advisers

Florida attorney general launches criminal investigation into ChatGPT maker OpenAI after deadly FSU shooting

Florida attorney general launches criminal investigation into ChatGPT maker OpenAI after deadly FSU shooting

Stocks slip and oil prices rise on uncertainty about US-Iran ceasefire talks

U.S. stocks and oil prices flip-flopped as uncertainty rose about what will happen following a two-week ceasefire in the war with Iran, which had been set to expire Wednesday

Trump's approval on economy falls in AP-NORC poll, showing new warning signs for president

A new AP-NORC poll finds that President Donald Trump’s approval rating on the economy has slumped over the past month as the Iran war drives prices higher

Republicans launch a new effort to fund the Department of Homeland Security

The Senate voted on Tuesday to launch a new effort to reopen the Department of Homeland Security and end the longest partial government shutdown in history

Federal judge strikes down some Trump administration actions that have slowed clean energy projects

A federal judge in Massachusetts has struck down some of the Trump administration’s orders slowing down the development of clean energy

Trump raises prospect of federal support or merger as Spirit Airlines struggles with costs and debt

President Donald Trump is suggesting the federal government could help keep Spirit Airlines afloat while also calling for a buyer to step in

Fed's Waller calls for overhaul of regional Fed bank operations

Federal Reserve Governor Christopher Waller on Tuesday laid out options for revamping the operational structure of the Fed system's 12 regional banks, calling for consolidation of

Pope criticizes colonization of Africa's minerals as he arrives in Equatorial Guinea

Pope Leo XIV has denounced the “colonization” of minerals and the “lust for power” in Equatorial Guinea at the end of his four-nation African trip

US transportation secretary calls United CEO proposal to buy American 'interesting'

U.S.

US stocks end lower, oil gains as Iran rejects peace talks

Wall Street stocks followed their global counterparts to a lower close on Tuesday and crude prices extended their gains amid concerns over the latest

Peru election chief resigns as vote count drags on

The head of Peru's electoral authority, Piero Corvetto, resigned on Tuesday as pressure grows over the long-delayed results from the country's April 12 general election.

Ukraine to restart oil flows via Druzhba on Wednesday afternoon, source says

Ukraine will resume pumping oil through the Druzhba pipeline on Wednesday afternoon, an industry source told Reuters, as Kyiv seeks to unlock a 90 billion euro EU loan it

US judge blocks Trump administration actions stymieing wind, solar projects

A federal judge on Tuesday blocked President Donald Trump's administration from enforcing a series of permitting policies that wind and solar energy

Brent futures retreat on Iran ceasefire extension after brief climb above $100 

Oil prices pared gains on Tuesday after briefly climbing above $100 a barrel following an announcement from U.S.

Bay Area marijuana growing business still awaiting policy changes to ease industry woes

Bay Area marijuana growing business still awaiting policy changes to ease industry woes

Iran rejects talks with U.S. under pressure and aimed at surrender, senior Iranian official says

Iran could attend talks with the United States in Pakistan if Washington abandons its policy of pressure and threats, a senior Iranian official told Reuters on Tuesday,

Warsh says he got no pressure from Trump to cut rates even as president publicly pushes for them

President Donald Trump’s nominee to chair the Federal Reserve says that he never promised the White House he would cut interest rates, even as the president renewed his calls for the central bank to do so

Apple's new CEO John Ternus steps into the spotlight after flying under the radar for years

Apple has announced that John Ternus will become the next CEO, taking over from Tim Cook on September 1

Fish struggle in Jordan River as low runoff leaves water dangerously shallow

Fish struggle in Jordan River as low runoff leaves water dangerously shallow

Burlington residents face flooding as Fox River overflows into homes, parks

Burlington residents face flooding as Fox River overflows into homes, parks

Ukraine completes Druzhba pipeline repairs, hoping to unlock blocked EU loan

Ukraine has completed repairs on a damaged oil pipeline and is preparing to resume flows

Dr. Oz announces a 50-state audit of Medicaid program oversight

The Trump administration is requiring all 50 states to explain their plans to revalidate some Medicaid providers

Fed nominee Warsh spars with Democratic senators over asset divestment plan

By Michael S.

Meta to start capturing employee mouse movements, keystrokes for AI training data

Meta is installing new tracking software on U.S.-based employees’ computers to capture mouse movements, clicks and keystrokes for use in

Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon,

First commercial fusion plant nears construction in US, Commonwealth CEO says

Construction of what could be the world's first commercial plant to generate power with fusion, the process that powers the stars, is set to start in

US warns it will run out of money to pay airport security workers in coming weeks

U.S. airports could face a new wave of long security lines as early as May after the nation's homeland security chief said on Tuesday that he will

QUOTE BOX--Investor reactions to Senate hearing for Fed chair candidate Kevin Warsh

Markets were lower on Tuesday as President Donald Trump's candidate for the next chair of the Federal Reserve, Kevin Warsh, appeared before the U.S.

Sullivan & Cromwell law firm apologizes for AI 'hallucinations' in court filing

Sullivan & Cromwell, a premier Wall Street law firm, apologized to a federal judge for submitting a court filing with inaccurate citations and

Lebanese state not seeking confrontation with Hezbollah but won't be intimidated, PM says

Lebanon's Prime Minister Nawaf Salam said on Tuesday his government was not seeking confrontation with Iran-backed Hezbollah, but it would not allow itself to be

Mining investors jittery about politics in Peru as vote count drags on, analysts say

Investors in Peru's copper and gold mines are worried about the country's presidential vote count that has been slowed by allegations of irregularities, yet

Alaska Air says fares hold as fuel surge tests earnings

Alaska Air Group said on Tuesday strong travel demand and higher fares are helping offset a sharp rise in fuel costs, even as

ASM International forecasts second-quarter revenue that beats estimates

Computer chip equipment maker ASM International on Tuesday forecast stronger second-quarter revenue guidance than markets expected, after a

US Senate Republicans to move forward with budget plan for Trump immigration enforcement

U.S.

3 takeaways from a fiery hearing to confirm Trump’s Fed chief pick

3 takeaways from a fiery hearing to confirm Trump’s Fed chief pick

Mideast crises divide Europe as it grapples with rising fuel costs and policy toward Israel

Europe's top diplomats are meeting in Luxembourg to address multiple crises, including the ongoing war in Ukraine and economic instability due to the conflict in Iran

US military pushes for boost in 2027 spending on drones and air defenses used in Iran war

U.S. military officials are calling for spending tens of billions of dollars in the next budget year on drones, air defense systems and fighter jets that have been a key part of fighting the Iran war

Trump opposes United–American merger, signals support for Spirit

U.S.

Starbucks to invest $100 million to set up Southeast corporate office in Nashville

Starbucks said on Tuesday it would invest $100 million to establish a corporate office in Nashville, Tennessee, to support its expansion plans across the southeastern United

Despite stresses, private credit funds lure money

Big fund managers and investors are pouring money into private credit fund managers and business development companies (BDCs) even as

Intel results to show if supply chain issues are dimming its AI ambitions

Intel investors on Thursday will focus on its efforts to sort out supply chain issues that have limited the company's ability to ramp up chip production to meet

Anthropic plans to provide Mythos access to European banks soon, sources say

Anthropic plans to provide access to its Mythos AI model to European banks soon, three people familiar with the

US commander warns Taiwan not to 'starve the chicken' on defense

The head of the U.S. command for the Indo-Pacific region on Tuesday stressed the importance of Taiwan passing its stalled

Germany's ruling coalition at odds over reform push

German Chancellor Friedrich Merz's coalition has been shaken by internal squabbling as it grapples with a long-promised package of reforms to the tax,

Oilfield service firm Halliburton is discussing commercial terms with customers for Venezuela operations

Oilfield service firm Halliburton on Tuesday said it has been discussing commercial terms with customers for operations in Venezuela after making

Belgium's Kpler launches minority stake sale valuing firm at up to $5 billion, sources say

Commodities data and analytics firm Kpler has launched a sale process for a large minority stake that could value the company at nearly $

Warsh says he made no rate-cut promises to Trump, plans 'robust' Fed reforms

Federal Reserve chief nominee Kevin Warsh said on Tuesday he had made no promises to President Donald Trump about cutting interest rates, as he

Italy to confirm 2026 deficit around 2.8% of GDP despite weaker growth

Italy aims to bring its budget deficit below the European Union's 3% of GDP ceiling this year despite a weakening growth outlook due surging energy costs

US announces ceasefire extension with Iran

U.S.

Apple names John Ternus new CEO

Outgoing CEO Tim Cook is moving to become executive chair. Brian Stelter reports on the shake-up at one of the world's biggest companies.

Senate GOP unveils $70B immigration plan to circumvent Democrats in bid to end DHS shutdown

Senate GOP unveils $70B immigration plan to circumvent Democrats in bid to end DHS shutdown