Senior Labour figures claim UK prime minister is blocking move because he wants to stay close to Donald Trump
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Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks’
“There are no more blank checks. Every investment must make economic sense,” Tan wrote.
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Trump spars with Powell over renovation costs during Fed visit, but backs off firing threats
Trump has previously signaled he was considering whether to fire Powell, though it is unclear if he has the legal authority to do so.
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FCC approves $8 billion Paramount-Skydance merger
The Federal Communications Commission cleared the way Thursday for an $8 billion merger between Paramount and Skydance Media.
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Trump administration sues New York over immigration enforcement
Justice department has accused Democratic-led ‘sanctuary cities’ of obstructing deportation efforts
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Macron says France will recognise Palestinian state in September
Israel calls planned move a ‘betrayal’ as French president pushes to end war in Gaza
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Trump risks market revolt if he threatens Fed independence, Pimco says
Warning from $2.1tn fund manager comes as US president publicly quarrels with central bank chief Jay Powell
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Trump and Powell spar as US president visits Federal Reserve
Clash with central bank chief comes during tour of $2.5bn renovation project of institution’s headquarters
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Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions
Tesla sold three-quarters of its bitcoin holdings at a time when the crypto market was tanking, meaning the EV maker has largely missed out on the rebound.
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Sydney Sweeney sparks latest meme stock rally as American Eagle jumps
GoPro, Krispy Kreme, Opendoor Technologies and Kohl’s have all drawn attention from meme stock traders this week.