Trade Court Rules Trump’s 10% Global Tariff Is Illegal
A panel of federal judges blocked President Trump from imposing the tariff on most imports.
Official News
Curated from top global sources
As U.S. Debt Hits a Worrying Milestone, Washington Barely Notices
The debt is outgrowing the size of America’s economy. The president’s policies could accelerate the country’s fiscal headaches, expert…
Elon Musk’s SpaceX Plans $55 Billion Investment to Make A.I. Chips
The rocket company’s new semiconductor factory, called Terafab, is part of the billionaire’s increasing efforts to dominate artificial i…
Stocks Are Exuberant. Bonds Are Subdued. Why the Divergence?
Stock investors are betting that companies will make enormous profits, despite the war. But investors in bonds, including U.S. Treasuries, h…
Shell Reports Nearly $7 Billion Profit Amid ‘Unprecedented Disruption’
The oil giant’s earnings in the first three months of the year were more than double the previous quarter’s and follow similarly strong …
Why Investors Are Still Betting Big on Kalshi
The popular prediction market platform has just raised a new funding round that values it at $22 billion, double what it was worth in Decemb…
Kalshi, the Prediction Market, Is Now Valued at $22 Billion
The platform for betting on sports, politics, the weather and more has raised $1 billion and sees big financial firms as a key source of gro…
Fast-Food Sales Rise Despite Higher Gas Prices
Fallout from the war in Iran didn’t dampen quarterly results at McDonald’s, Burger King and Taco Bell.
After Stumbles, Technology Meant for Self-Driving Cars Finds a Second Act
After a crush of promises in 2016 that autonomous cars would soon rule the road, companies whose tech underpinned them have shifted to other…
Oil Prices Slide on Hopes for Renewed Peace Talks
Investors waited for news on the situation in the Middle East, as the U.S. and Iran gave mixed signals on peace negotiations.
War and Energy Shortages Boost China’s Influence in Asia
The war in Iran has left China’s neighbors appealing for help, handing Beijing the kind of sway it has long sought.
The ‘Perfect Storm’ Hanging Over Britain’s Public Debt
Bond investors are expected to scrutinize the results of critical local elections on Thursday as the war in the Middle East adds inflation p…