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.
Tesla's Europe sales plunged 49% in April despite a 27.8% rise in EV sales, as its Model Y upgrade failed to boost demand amid steady overall car sales.
Retailers like Walmart, Costco, and Sam's Club are expanding gas stations, betting fuel demand stays strong as EV adoption remains slower than expected.
Toyota to shift some GR Corolla production to the UK, investing $56M to cut wait times and boost North American exports; move not linked to Trump's auto tariffs.
Japan's 20- & 30-year bond yields fell after reports the finance ministry may cut super-long bond issuance to ease market pressure amid BOJ taper concerns.
Sony to unveil growth plan for financial arm spin-off, set for Sept 29 listing. It'll distribute 80% of shares to investors, marking a key shift in strategy.
Ex-minister urges UK to raise pension contributions, saying the 8% minimum isn't enough for a decent retirement under current auto-enrolment rules.