US retail sales rose 0.5% in April as tax refunds cushioned spending, but soaring energy costs from the Iran war drove import prices up 1.9%.
Alphabet issued a record 576.5 billion yen in bonds to fund AI investments, making it the largest-ever yen debt sale by a foreign firm.
Volkswagen labor leaders firmly blocked German plant closures. To fix overcapacity, they are open to defense deals or sharing sites with Chinese firms.
The Bank of England is softening planned stablecoin limits and deposit rules following heavy industry pushback over operational hurdles.
Ford Motor shares have experienced a massive rally, skyrocketing nearly 20% over a two-day trading stretch following the official launch of its new subsidiary, Ford Energy. Wall Street analysts are highly enthusiastic about the automaker's strategic pivot into the domestic battery energy storage market. By utilizing licensed technology from Chinese battery giant CATL, Ford is positioning itself as a key
The VDA expects German car industry job losses to reach 225,000 by 2035, blaming high costs, bureaucracy, and the tough transition to electric vehicles.
JPMorgan leads tech investment banking by backing early startups like Pattern and DoorDash, capturing 16.7% of fees despite high-profile team departures.
Trump announced "fantastic trade deals" at the Beijing summit, highlighting a Chinese offer to assist in reopening the Strait of Hormuz.
Treasury Secretary Bessent expects a major Boeing aircraft order during Trump's Beijing visit. The two nations are discussing a "Board of Trade" to balance exports
A US jury awarded $49.5 million to the family of Samya Stumo, a victim of the 2019 737 MAX crash. Boeing was found negligent as civil trials for the disaster continue.
Siemens agreed to buy Italian rail tech firm MERMEC's key units for approx. €1B. The deal boosts Siemens' rail portfolio and secures strategic market access in Italy.
Asia-Pacific banks are increasing loan-loss provisions as the 11-week Iran war raises oil prices and credit risks. Australian lenders face the sharpest stock drops.
TSMC projects the chip market will hit $1.5T by 2030, driven by AI (55%). Capacity for A16/2nm chips will grow 70%, with massive expansion in Arizona and Japan.
Japan's 20-year bond yield hit 3.495%, the highest since 1997, amid high oil prices and a weak yen. Global inflation continues to pressure US and Asian markets.
The US faces dual housing and debt crises as mortgage rates hit 6.57% and student loan defaults reach 3.6 million. Rising inflation and geopolitical tension continue to squeeze American household budgets
Cisco cuts 4,000 jobs to pivot toward AI. With $9B in orders and shares up 16%, the focus shifts to high-speed data center networking and silicon.
Next week is headlined by NVIDIA's high-stakes earnings report on Wednesday, which remains the single most important catalyst for the global AI trade and broader market volatility. "Main Street" takes center stage as retail titans Walmart, The Home Depot, and Target provide a definitive pulse check on the health of the US consumer and the resilience of discretionary spending. Biggest Company
New Fed data shows 3.6M borrowers in default. Older Americans face the highest risk of wage garnishment as the Trump administration prepares to resume collections.
Meta is launching "Incognito Chat" for Meta AI on WhatsApp, ensuring private queries aren't stored or used for training. The feature is currently text-only.
Walmart is cutting 1,000 roles to simplify its structure. The retail giant is shifting to a unified tech platform to better compete with Amazon and Costco.
Starmer faces a leadership crisis as Health Minister Wes Streeting reportedly prepares to resign. The move threatens to trigger a contest and derail the 2026 agenda.
President Trump arrived in China with Nvidia's Jensen Huang to push for chip sales and trade wins. Separately, a Ukrainian drone sparked a fire at a Russian gas plant.
Trump and Xi meet in Beijing to discuss trade, Taiwan, AI, and the Iran war. Both seek economic wins while navigating deep strategic rivalry and mutual dependence.
For Take-Two Interactive, the pressure is uniquely intense because they have essentially bet the company's mid-term financial identity on this single launch. Management has signaled a massive "earnings inflection" for fiscal year 2027, with analysts projecting that net bookings could nearly double to over $8 billion or $9 billion once the game is fully integrated into their model. Take-Two's current