EU officials are considering using public blockchains for the digital euro as they speed up CBDC plans amid US moves and fears of dollar-backed stablecoin dominance.
Spotify will raise prices as it invests in new features and aims for 1 billion users, Co-President Alex Norstrom told the Financial Times.
Barclays and BNP Paribas now expect the Fed to cut rates by 25 bps in September, citing Powell's Jackson Hole shift and rising labor market risks.
Major retailers like Macy's and Kohl's are set to report earnings this week, providing a crucial snapshot of the health of the U.S. consumer.
Chocolate prices keep rising as high cocoa costs hit retailers, but easing futures may bring some relief by next Easter.
The EU aims to make reduced U.S. car tariffs retroactive to Aug 1, as part of a trade deal that cuts tariffs and boosts access for U.S. goods, seafood, and agriculture.
Tesla hiked the Cybertruck Cyberbeast price by $15K to $114,990, now with the "Luxe Package" including supervised FSD and free Supercharging.
The US housing market continues to show signs of weakness, as homebuilders like Toll Brothers face headwinds from a challenging environment marked by high interest rates and cautious homebuyers.
Meta paused AI hiring after adding 50+ staff, citing organizational planning and yearly budgeting for its new superintelligence efforts.
Mitsubishi is recalling 91,697 Outlander SUVs in the U.S. due to a risk of the rear hatch falling unexpectedly, U.S. safety regulators said Thursday.
Tesla launched a 6-seat Model Y L in China for $47.2K. Musk says it may not come to the U.S. due to self-driving tech. Tesla faces tough local EV rivals.
Tech stocks show weakness after AI-driven surge. Investors trim exposure ahead of Fed Chair Powell's Jackson Hole speech, eyeing possible rate cut signals.
Microsoft limited some Chinese firms' access to its cyber threat alert system after suspected Beijing-linked hacks on its SharePoint servers raised security concerns.
New Zealand will spend NZ$2.7B on 5 MH-60R Seahawks and 2 Airbus A321XLRs to upgrade its aging defense fleet, its first major military investment in years.
Investors doubt insider Michael Fiddelke can fix Target's struggles as he's named CEO, replacing Brian Cornell in Feb. His top goal: "get us back to growth."
Lowe's to buy Foundation Building Materials for $8.8B, boosting pro market push. Shares up 3% as it beats Q2 profit and raises annual sales forecast.
Finance groups urge a rethink of upcoming Basel crypto rules, warning they could limit banks' ability to engage in crypto markets due to strict risk standards.
New Zealand's central bank cut rates to 3.00%, a 3-year low, and signaled more cuts ahead, sending the NZ dollar down 1.2% to $0.5819 and swap rates to 2022 lows.
China's rare earth magnet exports jumped 75% in July to 5,577 tons, a 6-month high, signaling a rebound after earlier export curbs, customs data showed Wednesday.
U.S. may take equity stakes in chipmakers like Intel, Micron, TSMC, and Samsung in return for CHIPS Act funding, as Commerce Secretary Lutnick explores the option.
The U.S. will raise tariffs on 400+ steel and aluminum-based products, including turbines, cranes, and furniture, with a 50% tariff on metal content, officials said.
U.S. deficits will be $1T higher over the next decade, hitting $22.7T by 2035 due to tax, spending laws, and tariffs, a budget watchdog said Wednesday.
U.S. single-family home starts rose 2.8% in July to 939K units; permits edged up 0.5% to 870K, ending a 4-month slide, despite high rates and economic uncertainty.
Anheuser-Busch InBev will invest $15M in its U.S. brewery, part of a $300M plan to boost U.S. jobs amid Trump's push for more domestic production.