Average 30-year fixed mortgage rates dropped to 5.73% this week. Easing inflation data has fueled hopes for a Federal Reserve rate cut as early as March 2026.
Fed Governor Michael Barr warns AI may not lower rates soon. He countered Chair nominee Kevin Warsh's view that AI productivity will be structurally disinflationary.
Warner Bros. Discovery reopens talks with Paramount Skydance. A seven-day waiver from Netflix allows a best and final offer to challenge the $83 billion deal.
BP's first-quarter profits more than doubled to $3.2 billion as the energy giant capitalized on the price surge triggered by the Iran war. With the Strait of Hormuz blockade cutting off 20% of global supply, Brent crude has soared to $110 a barrel. In her first report as CEO, Meg O'Neill highlighted an exceptional trading performance while the industry faces
Verizon added 55,000 postpaid phone connections in its first full quarter under CEO Dan Schulman, defying Wall Street predictions of a subscriber loss. Total wireless retail connections hit 146.8 million.
China's state planner, the NDRC, has ordered Meta to unwind its $2 billion acquisition of Singapore-based AI startup Manus. The intervention follows a probe launched in January regarding export controls and national security.
One in eight Gen Z adults believe retirement will never be an option, according to new research. High living costs and job instability have led 12% to view pensions as pointless, with many opting out of workplace schemes to cover immediate essentials.
UK food inflation is forecast to hit 9% this year as the Iran war drives up energy and supply chain costs. The Food and Drink Federation tripled its previous estimate of 3.2%, warning that manufacturers can no longer absorb surging transport and packaging expenses.
UK banks including Lloyds and NatWest must provide 90 days' notice and written explanations for account closures starting April 28. The rules aim to curb de-banking."
Iranian Foreign Minister Abbas Araghchi arrived in St. Petersburg on Monday, blaming excessive US demands for the collapse of peace negotiations in Pakistan. The visit to meet Vladimir Putin follows a diplomatic tour through Islamabad and Oman as Tehran seeks to break a naval blockade.While Donald Trump scrapped a planned weekend meeting with Iranian envoys, reports suggest Iran has proposed
Capital One has agreed to a $425 million settlement over claims it used deceptive practices to keep customers in low-interest 360 Savings accounts.
Despite a trade truce with Trump, China has expanded laws to punish foreign firms that exit its supply chains. New rules allow asset seizures and travel bans as Beijing builds leverage ahead of a May summit.
The Supreme Court hears arguments Monday on Bayer's bid to block 65,000 Roundup lawsuits. A ruling for Bayer would nix state-level failure-to-warn claims despite a pending $7.25B settlement.
Toyota's global sales fell 7.3% in March to 897,871 units. A 33% plunge in the Middle East and a RAV4 model changeover drove the decline, despite a 2.1% rise in production.
SNB Chairman Martin Schlegel defended the bank's $1.1 billion Palantir stake, citing a market-neutral strategy despite ethical protests over the data firm.
UK gov in talks for Mythos AI release to boost cyber defense, despite US warnings over security risks and potential misuse in the global financial sector.
SpaceX is pivoting to an AI-first model, with its AI unit consuming 61% of capex. Starlink profits currently fund the burn, but a $1.75T IPO may be needed to fuel its space-based data center ambitions.
Porsche will sell its Bugatti Rimac stakes to a HOF Capital-led consortium. The move aims to cut costs and refocus on its core brand after profits plunged 93%.
Meta will use Amazon's Graviton5 chips in a multi-billion dollar, multi-year deal. The move diversifies Meta's AI infrastructure as CPU demand and prices soar.
P&G warns surging oil prices will slash $1 billion from 2027 profits. Despite beating Q3 estimates, rising input costs are squeezing margins across global brands.
India slammed Trump for sharing a post calling it a hellhole. Officials called the remark inappropriate and uninformed, harming US-India relations.
Nike is cutting 1,400 jobs (2% of staff) to streamline tech and ops. Facing a sales slump and rivals like Hoka, CEO Elliott Hill is pivoting back to core sports.
A class action lawsuit accuses JetBlue of using surveillance pricing to hike fares based on personal data. The suit follows a social media gaffe where the airline advised a passenger to clear cookies to avoid price jumps.
Tesla lifted its 2026 spending to over $25B, betting heavily on robotaxis and robotics. Investors remain wary, as the pivot lacks the high-margin cash flow of Big Tech peers.