Month: June 2025
Getting Trump’s full tax break on car loans may mean buying a $130,000 vehicle
Key Points President Donald Trump proposed a tax break on car loan interest while on the campaign trail last year. House and Senate Republicans have pitched a $10,000 tax deduction on auto loan interest as part of the so-called “one big beautiful bill” being debated in Washington. Households would likely need to buy luxury cars […]
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Amazon to invest £40 billion in the UK over next three years
An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images LONDON — Amazon will invest £40 billion ($54 billion) in the U.K. over the next three years, the e-commerce titan announced Tuesday. The company said it plans to spend the money on building four new fulfillment centers — large warehouses where it prepares orders […]
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Oil prices shed 2% as Iran-Israel ceasefire eases concerns over supply, Strait of Hormuz closure
Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Ilan Rosenberg | Reuters Oil futures fell sharply on Tuesday as a freshly […]
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European stocks open 1% higher after Trump announces Iran-Israel ceasefire
European stocks open higher We’re 20 minutes into Tuesday’s trading session, and the regional Stoxx 600 is up by around 1.2%. Travel and leisure stocks are leading the gains, with airlines jumping after the announcement of an Israel-Iran ceasefire. The Stoxx Travel and Leisure index was last seen trading 4.2% higher, putting it on track […]
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Conflict or ceasefire, most markets remain unfazed — here’s why
Traders work at the New York Stock Exchange on June 13, 2025. NYSE Global equities posted muted gains Tuesday, as investors digested U.S. President Donald Trump’s announcement of a ceasefire timeline between Iran and Israel, as well as growing signs of fatigue toward Trump’s policymaking. The MSCI World index, which tracks over a thousand large […]
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NATO wants allies to spend 5% of GDP on defense: This chart shows how hard it could be
U.S. President Donald Trump attends a meeting with NATO Secretary General Jens Stoltenberg ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. Kevin Lamarque | Reuters Before this week’s annual NATO summit had even begun, allies reportedly agreed on Sunday to hike their defense spending to 5% of gross domestic product […]
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Can Germany afford a 5% NATO defense spending target?
Federal Chancellor Friedrich Merz (CDU) walks past Bundeswehr soldiers with military honors in front of the Federal Chancellery before welcoming the Prime Minister of Denmark. Bernd von Jutrczenka | Picture Alliance | Getty Images Tax hikes and soaring debt might be Germany’s new reality, as NATO allies are set to soon face a higher defense […]
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Virgin Australia shares soar 8.3% in $439 million IPO debut
Aircraft operated by Virgin Australia Holdings Ltd. stand at Sydney Airport in Sydney, Australia, on Friday, August 17, 2020. Brendon Thorne | Bloomberg | Getty Images Virgin Australia shares rallied 8.3% on Tuesday, after its 685 million Australian dollar ($439 million) initial public offering, a transaction dealmakers hope will revive a subdued listings market. The airline sold 236.2 million shares at AU$2.90 each, valuing it at […]
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How a war-torn Myanmar plays a critical role in China’s rare earth dominance
Illustration of the national flag of the People’s Republic of China and a mining site. Craig Hastings | Moment | Getty Images Beijing has been stepping up controls on rare earth exports, triggering global shortages and exposing industries’ dependence on Chinese supply chains. However, over recent years, China itself has become reliant on rare earth […]
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DeepSeek aids China’s military and evaded export controls, US official says: Reuters
CFOTO | Future Publishing | Getty Images AI firm DeepSeek is aiding China’s military and intelligence operations, a senior U.S. official told Reuters, adding that the Chinese tech startup sought to use Southeast Asian shell companies to access high-end semiconductors that cannot be shipped to China under U.S. rules. The U.S. conclusions reflect a growing conviction in Washington that the capabilities behind the rapid […]
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