News

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Thu, 29 May 2025 15:30:05 GMT

Elon Musk leaves advisors role

Elon Musk is stepping down as Trump's adviser after struggling to cut federal spending and facing resistance, layoffs, lawsuits, and political pushback.

Thu, 29 May 2025 14:35:05 GMT

Kohl's beat estimates

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.

Thu, 29 May 2025 12:30:04 GMT

Tariffs blocked by trade court

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.

Thu, 29 May 2025 09:30:03 GMT

Unemployment in Germany rises

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.

Thu, 29 May 2025 06:30:05 GMT

Macy's cut profit forecast

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.

Thu, 29 May 2025 03:30:06 GMT

Target cuts full years outlook

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%.

Wed, 28 May 2025 21:30:06 GMT

Tesco fights shoplifting with AI

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.

Wed, 28 May 2025 18:30:04 GMT

Bitcoin reaches all time high

Bitcoin hit a record high, driven by hopes the US Congress will pass the GENIUS Act, the first stablecoin bill under the Trump administration.

Wed, 28 May 2025 15:30:07 GMT

UK food prices rise

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.

Wed, 28 May 2025 12:30:04 GMT

New Zealand's central bank cuts rates.

New Zealand cuts rates by 25 bps, hints at a slightly deeper easing cycle amid rising global risks.

Wed, 28 May 2025 09:30:05 GMT

Nissan looks for capital

Nissan may raise over 1 trillion yen ($7B) via debt and asset sales, including a UK-backed syndicated loan.

Wed, 28 May 2025 06:30:09 GMT

Shipments to U.S. fall

U.S. capital goods orders and shipments fell in April, signaling weaker business spending amid economic uncertainty and tariffs, Commerce Dept. data shows.

Wed, 28 May 2025 03:30:04 GMT

Tesla's sales fall

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.

Tue, 27 May 2025 21:30:06 GMT

Walmart bets on the gas station business

Retailers like Walmart, Costco, and Sam's Club are expanding gas stations, betting fuel demand stays strong as EV adoption remains slower than expected.

Tue, 27 May 2025 18:30:14 GMT

Toyota shifts production to UK

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.

Tue, 27 May 2025 15:30:03 GMT

Japanese bonds fall

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.

Tue, 27 May 2025 12:30:08 GMT

Sony to have a spin-off

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.

Tue, 27 May 2025 06:30:04 GMT

Pension contributions in UK too low

Ex-minister urges UK to raise pension contributions, saying the 8% minimum isn't enough for a decent retirement under current auto-enrolment rules.

Tue, 27 May 2025 03:30:04 GMT

Xiaomi presents new SUV

Xiaomi unveils YU7 EV SUV with 760km range, topping Tesla Model Y. Priced around ¥250K–¥320K, it may challenge Tesla's China market share

Mon, 26 May 2025 21:30:04 GMT

Volvo to cut jobs

Volvo Cars to cut 3,000 mostly white-collar jobs amid high costs, slowing EV demand, and trade tariff uncertainty as part of a broader restructuring plan.

Mon, 26 May 2025 18:30:04 GMT

Nippon deal is cleared by Trump

Trump clears U.S. Steel-Nippon merger, promises 70K jobs, $14B boost. HQ stays in Pittsburgh. Shares jump 20% after Biden blocked deal in January.

Mon, 26 May 2025 15:30:06 GMT

France signs trade deal with Vietnam

France, Vietnam signed deals including 20 Airbus planes as Macron visits Hanoi, boosting ties amid U.S. tariff threats and rising South China Sea tensions.

Mon, 26 May 2025 12:35:03 GMT

Trump tariffs delayed on EU

Trump delays EU tariff threat to July 9 after call with EU chief. Earlier, he warned Apple, EU over trade; markets dipped as tensions rose.

Mon, 26 May 2025 09:30:04 GMT

Republicans may change stance on the Trump tax bill

Republicans warn they may block Trump-backed bill over its $3.3T deficit impact. Passed by one House vote, the bill faces growing Senate opposition.

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