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.
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.
Indian rupee rose to 84.82/USD, extending Friday's 0.9% gain, as weak dollar trends from U.S. trade shifts and fiscal worries boosted Asian currencies.
Singapore's core inflation rose to 0.7% in April, above forecasts, but stayed low. Headline inflation held at 0.9%. Risks remain tilted to the downside.
Apple raised iPhone trade-in values in China to boost sales. iPhone 15 Pro Max now gets up to ¥5,700, signaling efforts to regain market share.
G7 finance chiefs vowed to address global economic imbalances and warned of possible tougher sanctions on Russia, despite some underlying differences.
The U.S. will stop making pennies, saving $56M yearly, as costs rose to 3.69 cents per coin. Trump called the coin "wasteful" in a February post.
The House passed Trump's major tax and spending bill 215-214, with GOP defections. Speaker Johnson calls it "generational" and aims for it to become law by July 4.
Walmart plans to cut about 1,500 jobs to streamline operations, affecting roles in tech, U.S. e-commerce fulfillment, and its ad unit, Walmart Connect.
The European Central Bank is expected to cut rates in June, but stronger economic data and rising inflation risks may lead to a pause in further rate cuts afterward.
Nestlé CEO says the firm is refocusing on core business, moving away from weaker segments like supplements, and recovering U.S. market share despite tariffs.
Visa launched a program to boost the fintech ecosystem by simplifying how businesses embed payments into their apps, aiming for smoother and faster integration.
Nike will raise prices on some adult apparel and gear by $2–$10 starting next week and resume selling products on Amazon after a six-year break.
Bitcoin reached a new all-time high of $111,348, rising 3% in 24 hours. It is up 17.5% year-to-date and 47% since its April low of $75,000.
Mexico's economy minister said cars made in Mexico and sold in the U.S. will face a 15% tariff, not 25%, thanks to discounts—calling it a big advantage.
Trump chose a design for the $175B Golden Dome missile shield and named a Space Force general to lead the satellite-based defense against China and Russia.
Nvidia CEO says U.S. AI chip export curbs to China failed, costing billions. Biden's rules blocked China; Trump plans to modify them.
UK inflation rose to 3.5% in April, above forecasts. Core inflation hit 3.8%, driven by energy, transport, and housing costs, despite recent cooling trends.
Trump's tax and spending bill faces a key House test, with debates on Medicaid cuts, tax breaks, and more funding for immigration enforcement and less for aid.
Japan's export growth slowed in April as U.S.-bound shipments fell, with businesses bracing for Trump's tariffs amid a fragile economic recovery.
To avoid Trump's China tariffs, companies are rushing to use bonded U.S. warehouses, where goods can be stored duty-free until sold.
Elon Musk said he'll stay Tesla CEO for at least five more years, valuing control of the company, despite rumors about the board seeking his successor.
Sweden's central bank backs cash use, proposing mandatory cash acceptance for essentials and stronger bank roles in cash handling amid pushback on going cashless.
Honda is cutting EV investment to $48.4B from $68.7B by 2030, shifting focus to hybrids due to slowing EV demand, CEO Toshihiro Mibe said Tuesday.