World
Singapore votes in test of ruling party’s monopoly
Singaporeans were voting in an election on Saturday almost certain to perpetuate the unbroken rule of the People’s Action Party, in a test of public approval for the new prime minister as the city-state braces for economic turbulence from a global trade war. The election is a bellwether for the popularity of the PAP, which […]
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Trump downplays recession fears, saying the U.S. would be ‘OK’ in the long term
President Donald Trump on Friday downplayed concerns about potential economic trouble, saying everything would be “OK” in the long term, even if the U.S economy experienced a recession in the short term. Asked twice by “Meet the Press” moderator Kristen Welker whether it would be OK in the long run if there were a recession in the short […]
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Who owns London’s (privately owned) public spaces?
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Privately-owned public spaces—or POPS—have transformed cities over the past sixty years. But their ownership is regularly questioned — and with it, their design, accessibility and what they’ve replaced. 19:29 Fri, May 2 20258:00 PM EDT Source
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Trade talks will be key next week for a market striving to leave tariff turmoil behind
Trade talks will continue to be critical in the week ahead, as equities mount an impressive rally on hopes the U.S. economy is strong enough to weather the fallout from Trump’s tariffs. The S & P 500 has made a huge comeback since the post-April 2 sell-off, recouping all its losses after the latest jobs […]
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Trump aims to cut $6 billion from NASA budget, shifting $1 billion to Mars-focused missions
The Trump administration has floated a plan to trim about $6 billion from the budget of NASA, while allocating $1 billion of remaining funds to Mars-focused initiatives, aligning with an ambition long held by Elon Musk and his rocket maker SpaceX. A copy of the discretionary budget posted to the NASA website on Friday said […]
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OPEC+ to meet on Saturday to set June output policy: Reuters
Logo of the Organization of the Petroleum Exporting Countries (OPEC) Andrey Rudakov | Bloomberg | Getty Images Eight OPEC+ countries will meet on Saturday to decide whether to agree a further accelerated oil output hike for June or make a smaller increase as originally planned, two sources with knowledge of the matter told Reuters on […]
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Chevron to slow pace of share buybacks as Trump tariffs and OPEC+ production weigh on oil prices
Chevron will slow the pace of its share buybacks, as falling crude prices hit the oil major’s first-quarter profit. U.S. crude oil prices have dropped about 18% this year as President Donald Trump’s tariffs are expected to weigh on demand at the same time OPEC+ plans to pump more supply into the market. The oil major […]
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Here’s how China could retaliate against U.S. tariffs
China is the world’s second-largest economy and second-largest importer of U.S. goods. Entities in China hold at least $784 billion in U.S. federal debt. The country also controls much of the world’s rare element supply, which is vital for manufacturing technology. China could weaponize these assets if an all-out trade war breaks out, to the […]
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Google advertising antitrust remedies trial set for Sept. 22, judge says
Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including the likes of Apple and Google over antitrust concerns. Photographer: Damian Lemanski/Bloomberg via Getty […]
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Block plunges 20% as Cash App miss triggers downgrades
Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App. The first-quarter earnings miss rattled Wall Street, prompting multiple firms — including Wells Fargo, Seaport, BMO, and Benchmark — to downgrade the […]
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