UAE developers are creating in-house contracting firms to boost control, cut costs, and raise profits amid a property boom, moving away from third-party builders.
Japanese manufacturers confidence rose in August to after a U.S.-Japan trade deal, but caution remains over possible U.S. tariff impacts.
Singapore's OpenEden named BNY as manager and custodian for its $300M tokenized U.S. Treasury fund, offering exposure via Treasury bill tokens.
U.S. budget deficit rose 19% in July to $291B as spending hit $630B, outpacing a 2% rise in revenue despite a $21B boost from Trump-era tariffs.
The EU says there's no timeline yet for a joint statement or U.S. executive order on car tariffs, though a 15% baseline tariff on European exports is now in effect.
Spirit Airlines warns it may not survive without more cash due to weak travel demand and tough prices. It plans pilot furloughs and may sell assets to raise funds.
U.S. consumer prices rose 0.2% in July, matching forecasts. Annual CPI stayed at 2.7%, but core inflation saw its biggest gain in six months due to import tariffs.
Trump met with Intel CEO Lip-Bu Tan days after urging his exit, calling it "very interesting." Intel shares rose 3% in extended trading.
Ford will invest $5B in EVs, including a low-cost electric pickup, adding or securing 4,000 U.S. jobs in a move it calls the company's "next Model T moment."
U.S. consumer prices likely rose moderately in July, but tariffs may have pushed core inflation to its biggest gain in 6 months, amid BLS data quality concerns.
The U.S. and China extended their tariff truce by 90 days, delaying higher duties as Trump signed an order pushing them to Nov. 10, easing holiday trade fears.
Australia's central bank cut rates to 3.60%, a 2-year low, citing slower inflation and a looser job market, while signaling caution on further easing.
Paramount will be the exclusive U.S. home of UFC from 2026 under a $7.7B, 7-year deal with TKO. Shares rose 4.2% in premarket trading.
Nvidia and AMD will give 15% of China chip sales to the U.S. government as Nvidia plans to resume H20 chip deliveries after April's sales ban.
Citigroup raised its S&P 500 year-end target to 6,600, citing Trump's tax and spending plans. It's the second hike in two months, echoing other major banks.
SoftBank has tapped Goldman Sachs, JPMorgan, Mizuho, and Morgan Stanley to prepare a potential U.S. IPO for its Japanese payments app PayPay, sources say.
Bill Ackman suggests merging Fannie Mae and Freddie Mac to cut mortgage rates and boost efficiency, as Trump eyes their IPO later this year.
Best Buy plans to boost staff at its India tech center by over 40%, growing from 350 to 500–550 as it taps into the country's expanding tech talent pool.
Trump signed an order to allow more private equity, crypto, and other alternative assets in 401(k)s, aiming for higher returns but raising risk and fee concerns.
J.P. Morgan now sees a 25bps Fed rate cut in September, citing job market weakness and uncertainty over Trump's Fed pick, with 3 more cuts expected after.
Prudential Financial settled for $100M over FTC charges that its Assurance IQ unit misled consumers on healthcare coverage. Assurance was shut down last year.
Maersk raised its full-year profit forecast as container demand beats trade dispute fears, expecting 2-4% volume growth in 2025 but slower in H2.
Spain dropped plans to buy U.S. F-35 jets and will choose between Europe's Eurofighter or Future Combat Air System.
United Airlines fixed a tech issue that caused flight groundings and delays on Wednesday. The team is working to restore normal operations, but some delays remain.