Economy
Euro zone inflation edges higher, hitting ECB’s 2% target in June
A Carrefour supermarket in Perpignan in the Pyrenees-Orientales department in the south of France on Jan. 3, 2025. Jc Milhet | Afp | Getty Images Euro zone inflation rose slightly to 2% in June, according to flash data from statistics agency Eurostat on Tuesday, meaning consumer prices in the single currency area are now in line […]
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European Central Bank’s latest rate cycle is ‘done,’ chief economist says
The European Central Bank’s latest period of monetary policy interventions to bring inflation in check is “done,” the institution’s chief economist Philip Lane told CNBC on Tuesday. “We do think the last cycle is done, bringing inflation down from the peak of 10[%], back to 2%, that element is over, but on a forward-looking basis […]
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Trump rips AT&T service weeks after Trump Mobile licensing deal announced
US President Donald Trump holds an Apple Inc. iPhone during an executive order signing in the Oval Office of the White House in Washington, DC, US, on Friday, May 23, 2025. Samuel Corum | Bloomberg | Getty Images President Donald Trump criticized AT&T in consecutive Truth Social posts Monday, writing that the country’s third-largest wireless […]
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White House says Canada ‘caved’ to Trump over digital services tax
The White House claimed Monday that Canada “caved” to President Donald Trump by hastily rescinding its digital services tax after the president threatened to shut down trade negotiations between the two major trading partners. “It’s very simple: Prime Minister [Mark] Carney and Canada caved to President Trump and the United States of America,” press secretary […]
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Senate begins voting on dozens of amendment’s to Trump’s domestic spending bill
Visitors to the U.S. Capitol rest in the shade on Capitol Hill in Washington, D.C., U.S., June 25, 2025. Nathan Howard | Reuters Senators on Monday began offering amendments to President Donald Trump’s megabill, following a weekend of tense negotiations to try to get the president’s second term domestic priorities through the upper chamber. The […]
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U.S. stocks are at record highs, but the outlook for the world’s largest economy is no clearer
Traders work at the New York Stock Exchange on June 18, 2025. NYSE U.S. stocks have strongly rebounded after a rough start to the year, even as the outlook for the world’s largest economy and its interest rates remains as uncertain as ever. Economic modeling is “very difficult” right now because “things are changing constantly,” […]
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Stocks making the biggest moves premarket: Meta, Moderna, Hewlett Packard Enterprise, Juniper Networks and more
Check out the companies making headlines before the bell: Moderna — Shares rose 2% after the biotech company’s experimental flu vaccine showed a positive response in a late-stage trial, opening the way for the standalone shot and a combination Covid shot. Hewlett Packard Enterprise , Juniper Networks — Shares rallied 14% and 8%, respectively, after […]
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Treasury yields tick lower as Trump’s spending bill in focus
U.S. Treasury yields moved lower as investors monitored whether the Senate would pass President Donald Trump’s divisive spending bill over the next few hours. At 3:59 a.m. ET, the benchmark yield was 2 basis points lower at 4.257%, and the 30-year yield moved 3 basis points lower to 4.814%. Meanwhile, the 2-year yield was little changed […]
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Trump says Mamdani must ‘do the right thing’ if elected mayor of New York City — or risk losing funding
U.S. President Donald Trump speaks during a meeting with Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner (not pictured) and Rwanda’s Foreign Minister Olivier Nduhungirehe (not pictured) in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | Reuters President Donald Trump said that Democratic candidate Zohran Mamdani […]
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Op-ed: It’s time for U.S. to treat rare earth metals as instruments of geopolitical power. China already does
A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China. China Stringer Network | Reuters In April 2025, China imposed new export controls on seven rare earth elements and the permanent magnets derived from them — materials that form the foundation of modern life and modern warfare. […]
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