The U.S. will raise tariffs on 400+ steel and aluminum-based products, including turbines, cranes, and furniture, with a 50% tariff on metal content, officials said.
U.S. deficits will be $1T higher over the next decade, hitting $22.7T by 2035 due to tax, spending laws, and tariffs, a budget watchdog said Wednesday.
U.S. single-family home starts rose 2.8% in July to 939K units; permits edged up 0.5% to 870K, ending a 4-month slide, despite high rates and economic uncertainty.
Anheuser-Busch InBev will invest $15M in its U.S. brewery, part of a $300M plan to boost U.S. jobs amid Trump's push for more domestic production.
Xiaomi's Q2 revenue jumped 30.5% to 116B yuan ($16.16B), beating forecasts, driven by strong demand for its new YU7 electric SUV.
Starbucks will give a 2% raise to salaried North American staff as part of CEO Brian Niccol's cost-cutting and turnaround plan.
OpenAI launches ChatGPT Go in India at $4.57/month, its most affordable plan yet, aiming to expand in its second-largest, price-sensitive market.
SoftBank is investing $2B in Intel, giving the struggling chipmaker a boost as it works to regain ground in the booming AI chip market.
Novo Nordisk offers Ozempic at $499/month for eligible U.S. type 2 diabetes patients, amid rising competition from Wegovy copies and Eli Lilly.
Chipotle plans faster, value-driven innovation to stay competitive amid cautious consumers.
Japan's economy grew 1% annually in Q1, beating estimates, driven by strong exports despite US tariffs. It marks Japan's fifth consecutive quarter of growth.
Tesla EV lease prices in the UK have dropped over 50% in a year due to 40% discounts and storage issues.
Apple has unveiled a new plan for artificial intelligence, sparking debate among experts on the company's future in the competitive AI market. The details of the plan are still emerging.
Qantas was fined a record $90M for illegally sacking 1,800 staff during COVID. The court slammed its lack of remorse and harsh litigation strategy.
Japan's Nikkei hit a record high, rising 0.7% as a weak yen boosted automakers. Topix also reached a peak, gaining 0.58%, tracking last week's U.S. market gains.
Hong Kong developers face rising pressure as bond maturities jump 70% next year. Road King just defaulted, following Emperor International's earlier loan default.
Google will pay $55M in Australia for hurting competition by paying telcos to pre-install its search app, excluding rivals. Court also ruled against it in Epic case.
Standard Chartered shares fell 7% after U.S. lawmaker Elise Stefanik urged action over alleged sanctions evasion, calling for a special attorney to investigate.
Trump heads to Alaska for a "high-stakes" Ukraine ceasefire talk with Putin. Zelenskiy, not invited, fears a deal may legitimize Russian control of Ukrainian land.
PayPal Ventures and Circle Ventures backed crypto firm Mesh, boosting its total funding to over $130M as it expands its crypto payments network.
Zand partners with Mastercard Move to launch a cross-border payments solution in the UAE, aiming to boost speed and ease of international money transfers.
The Trump admin may take a stake in Intel to boost national security, part of broader efforts including deals with Nvidia and MP Materials for key tech assets.
Accenture will buy Australian cybersecurity firm CyberCX for over A$1B, its biggest cyber deal, amid a wave of major hacks hitting millions in Australia.
Warren Buffett's Berkshire Hathaway bought 5M UnitedHealth shares, boosting the stock 7% after hours. He last held shares in the company from 2006 to 2010.