HSBC will invest $4B in its private credit funds to boost alternative lending and aims to build a $50B credit fund in 5 years as traditional lending slows.
Asia's factories shrank in May as weak China demand and U.S. tariffs hit output; Japan and South Korea manufacturing also declined, surveys showed Monday.
Global airlines cut 2025 profit forecast to $36B, citing trade tensions, weak demand, and jet delivery delays hurting growth, IATA said Monday.
A new U.S. tax on foreign investors' passive income may hurt demand for Treasuries and the dollar, analysts warn, as Congress advances the sweeping budget bill.
U.S. jobless claims rose more than expected, with May jobless rates up and Michigan hit hard. Unemployment claims hit a 3.5-year high amid tariff concerns.
BP has named U.S. oil veteran David Hager, former CEO of Devon Energy, as a non-executive director starting June 2.
With Trump back in office, the safety of Germany's 3,352-tonne gold reserves abroad—mainly in New York—is now a growing public concern, not just a fringe issue.
Trump's trade war has cost firms over $34B in lost sales and rising costs, with tariff uncertainty stalling decisions at major global companies, says Reuters.
OPEC+ may boost oil output by 411,000 barrels/day in July as 8 members, including Saudi Arabia and Russia, review cuts and market trends on May 31.
Germany may impose a 10% tax on big tech firms like Google and Meta, possibly straining U.S. ties as Chancellor Merz plans a visit to President Trump.
The UK plans to require pension funds to invest in private markets and the local economy, aiming to unlock £27.5B, despite opposition from investment managers.
Chevron will lay off 800 workers in Texas by July 15 as part of its plan to cut 20% of its global workforce by 2026, targeting its Permian Basin operations.
Elon Musk is stepping down as Trump's adviser after struggling to cut federal spending and facing resistance, layoffs, lawsuits, and political pushback.
Kohl's beat Q1 loss estimates and kept its annual targets, boosting shares 15%, as it bets on a turnaround despite tariff concerns and recent CEO turmoil.
A U.S. trade court ruled most of Trump's global tariffs illegal, siding with states and small businesses. The court gave 10 days to act but set no clear steps.
Germany's jobless count hit 2.96M in May, the highest since 2010. Unemployment stayed at 6.3% as weak manufacturing drives the rise, but fiscal hopes grow.
Macy's cut its 2025 profit forecast amid tariff uncertainty, cautious spending, and rising competition, now expecting $1.60–$2.00 EPS vs. $2.05–$2.25 prior.
Target cut its full-year sales outlook as Q1 sales fell 3% amid weak spending, tariff worries, and DEI backlash. CEO vows improvement as shares slump 37%.
Tesco adds AI to self-checkouts to fight record UK shoplifting, using cameras and replays. Shoppers joke it's like football VAR, but some say it goes too far.
Bitcoin hit a record high, driven by hopes the US Congress will pass the GENIUS Act, the first stablecoin bill under the Trump administration.
UK fruit and veg prices may rise as stricter EU-style import checks add border red tape, affecting items like avocados, mangoes, tomatoes, and pineapples.
New Zealand cuts rates by 25 bps, hints at a slightly deeper easing cycle amid rising global risks.
Nissan may raise over 1 trillion yen ($7B) via debt and asset sales, including a UK-backed syndicated loan.
U.S. capital goods orders and shipments fell in April, signaling weaker business spending amid economic uncertainty and tariffs, Commerce Dept. data shows.