Japan vows to act against the sliding yen at any time. Despite the BOJ hiking interest rates to 1%, a hawkish Federal Reserve has pushed the yen back past 160 per dollar.
Barclays is acquiring the UK business of kids' money app GoHenry from Acorns to capture younger customers and deepen relationships with affluent families.
Nippon Steel sees progress a year after buying US Steel but wants faster reforms, targeting 260 operational areas to improve manufacturing efficiency.
Prime Minister Keir Starmer has vowed to fight for his leadership, dismissing calls from Wes Streeting to resign and warning that a contest would cause damaging political instability.
Japan's trade balance shifted to a 378.6 billion yen deficit in May as a weak yen inflated import costs, despite a strong rise in technology and chip exports.
Jeff Bezos predicts AI will cause labor shortages rather than job displacement, arguing that technology will remove barriers to human creativity and productivity.
Stellantis is currently negotiating with two potential partners to revitalize its struggling luxury brand, Maserati. A final decision is expected soon.
A VDA survey reveals German auto suppliers are increasingly pessimistic, cutting domestic hiring to a new low while shifting investments and jobs overseas.
A $300 billion private-sector fund is planned within the U.S.-Iran framework to drive investment, with over half already committed across five regions.
Families in Italy launched a lawsuit against Meta and TikTok, alleging that addictive algorithms and harmful content contributed to the suicides of minors.
Fairview Health Services will drop UnitedHealthcare Medicare Advantage plans on Jan 1, 2027, due to claim denials and prior authorization delays.
CarMax's first-quarter fiscal 2027 results mark the debut of new President and CEO Keith Barr, who introduced a four-pillar growth strategy to navigate a challenging market. Despite a decline in net earnings, the company exceeded analyst expectations, driving a positive reaction in the market. Financial Highlights (Q1 Fiscal 2027) Net Revenue: $8.0 billion (up 6.2% year-over-year). Net Earnings: $185.6 million (down 11.8% from
SpaceX topped Amazon's market value, reaching $2.655 trillion following a frenzy of options trading. Despite high volatility and losses, index inclusion looms.
Yum! Brands is selling Pizza Hut for $2.7B: $1.5B to LongRange Capital and $1.2B to Yum China. The move aims to revitalize the lagging brand via new ownership.
SpaceX buys AI coding startup Cursor for $60B in stock to boost enterprise AI, following its recent $2T+ Nasdaq IPO.
President Trump defended an interim Iran accord, asserting it prevents a nuclear weapon, while suggesting Syria may be better positioned to disarm Hezbollah than Israel.
Senator Ted Cruz urged the FCC to impose strict deployment rules on T-Mobile's $2.9 billion spectrum sale to Grain Management, fearing the airwaves will sit idle.
The U.S. closed its investigation into Delta's 2024 CrowdStrike meltdown without penalties, ruling the airline properly provided refunds and passenger care.
Germany officially rejected UniCredit's offer for Commerzbank, citing a low price, its aggressive approach, and a desire to keep the lender independent.
SpaceX president Gwynne Shotwell hinted that a future merger with Tesla could simplify Elon Musk's empire, citing potential synergies. Analysts see a tie-up as likely.
General Motors is in talks to manufacture weapons parts for Lockheed Martin to help bolster U.S. munitions stockpiles depleted by global conflicts.
Novo Nordisk will soon seek Chinese approval for its Wegovy weight-loss pill, racing Eli Lilly in the world's second-largest pharma market.
Shares of SpaceX rose over 6% following a historic Nasdaq debut that valued the company past $2 trillion and made CEO Elon Musk the world's first trillionaire.
The Bank of Japan raised its interest rate to 1% to curb rising oil-driven inflation, boosting the Nikkei index over 70,000 while the yen hit 160 per dollar.