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The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
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‘Just Bizarre': The Mideast Is Baffled by Trump's Call to Expand Abraham Accords The New York TimesA ruse, a brave gamble or a fantasy? Why Trump's most puzzling Iran move yet is unlikely to work CNNJoin the Abraham Accords? US allies scoff at Trump's demand. PoliticoTrump asked Muslim leaders to sign peace deal with Israel after Iran war ends AxiosTrump Expands Mideast Ambitions as Iran Framework Brings Criticism WSJ
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United States-Iran strikes are testing a fragile cease-fire, casting doubt on a peace deal and reopening the Strait of Hormuz.
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Australia-founded Airwallex is pursuing US expansion amid intensifying rivalry between Washington and Beijing
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Trump wants a gas tax holiday. There's a much bigger problem looming NPRA Gas Tax Holiday Is Good Politics But Bad Economics BloombergSuspend the gas tax? Here's a better way. VTDiggerThe Gas-Tax Reckoning The Atlantic'Gas tax holiday?' Trump backs off pledge to suspend federal gas tax USA Today
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‘I felt my humanity was bastardised': Cynthia Erivo says reaction to Ariana Grande red carpet incident rooted in racism The GuardianHow Cynthia Erivo Survived ‘Wicked' — and Thrived: ‘People Thought I Was Being Myself, Even Though I Was Green' VarietyCynthia Erivo lost interest in campaigning for Oscar after Wicked: For Good premiere incident YahooCynthia Erivo Says After the Wicked For Good Singapore Attack, It Was ‘Like My Humanity Had Been Bastardized' People.com
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Stoneshield Capital, a leading European investment firm, has announced the final close of its Stoneshield Opportunity Fund IV at its hard cap of €1.5bn. The fund surpassed its original €1bn target and it closed within six months at twice the size of its predecessor fund. According to Stoneshield, this underscored the strength of its investment […]
The post Stoneshield Capital concludes oversubscribed fund at €1.5bn hard cap appeared first on AltAssets Private Equity News.
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Pemberton Asset Management has announced the final close of the fourth vintage of its Strategic Capital at a grand total of €3.4bn. This haul makes it the largest opportunistic direct lending fund of its kind in Europe, bringing total commitments across the four vintages to €8.3bn. Unveiled in 2017, Pemberton Strategic Capital is a differentiated […]
The post Pemberton confirms final close of fourth vintage fund at €3.4bn appeared first on AltAssets Private Equity News.
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US justice department launches criminal investigation into Trump accuser E Jean Carroll, reports say BBCExclusive: Justice Department launches a criminal investigation into Trump accuser E. Jean Carroll CNNDOJ launches investigation into Trump accuser E. Jean Carroll: Reports NewsNationJustice Department Opens Probe Into Trump Accuser E. Jean Carroll WSJ
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Trump refiles $10bn lawsuit against WSJ over report on alleged Epstein ties The GuardianTrump refiles $10 billion lawsuit over Wall Street Journal report on Epstein birthday letter CNNTrump refiles $10bn defamation suit against WSJ over report on Epstein ties - US politics live The GuardianTrump Files Revised Defamation Lawsuit Against WSJ Publisher WSJ
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Chinese online retailer Temu hit with $232 million fine over illegal products AP NewsTemu Hit With Fine in E.U. Over Sales of Unsafe Goods The New York TimesTemu fined $232 million for breaching EU rules on sale of illegal products ReutersTemu Fined €200 Million by EU for Sales of Unsafe Toys, Chargers Bloomberg
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Oil prices jumped after the U.S. said it shot down four Iranian attack drones, casting doubt once again on the prospects for a peace deal.
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Charges against a Google employee who bet on Polymarket have raised concerns that the issue may dent momentum in the fast-growing sector.
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A federal judge in D.C. declines to block Trump's executive order on voting by mail NPRFederal judge refuses to block Trump order to create federal voter list and limit mail voting AP NewsDemocrats Lose Court Bid to Block Trump's Mail-In Ballot Limits BloombergTrump Judge Gives Shock Green Light to His Voting Power Grab The Daily Beast
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CVS Caremark will cover Lilly's weight loss drug Zepbound again after patient backlash nbcnews.comCVS to restore coverage of Zepbound, add Eli Lilly's obesity pill to drug plans CNBCCVS Returns Zepbound to Drug Plans After Lilly Slashes Price BloombergCVS Caremark adds Zepbound and Foundayo to formulary qz.com
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A Google engineer made $1.2 million by insider trading on Polymarket under the name 'AlphaRaccoon': DOJ Business InsiderFederal prosecutors charge Google engineer for allegedly using insider info to make $1.2 million on Polymarket CNNGoogle employee charged with $1M Polymarket insider trading bet on search term CNBCGoogle engineer made $1.2M by placing bets on Polymarket using confidential info, prosecutors allege NBC NewsGoogle worker charged with using internal data to make
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Ferrari Asked Its F1 Drivers About The Luce EV. Here's What They Said Motor1.comFerrari CEO defends $640,000 price tag for its first fully electric car CNBCFerrari CEO Says First EV Is Racking Up Orders Despite Criticism BloombergFerrari's electric car: divisiveness is the point The EconomistFerra
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Chinese electric car company Nio has launched two lower-priced brands in the last two years to broaden its customer base in a sluggish Chinese consumer market.
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Officials at the central bank have embraced the possibility of higher interest rates to get resurgent price pressures under control.
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Best Buy reported better-than-expected earnings on Thursday as the company works toward turning around its sales slump.
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Fidelity's first-quarter data shows 401(k) balances dipping — but it's not all bad news.
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The custom-chip maker says revenue growth is expected "to continue accelerating each quarter" for the rest of the fiscal year.
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China Is Exporting Its Factories Across the World and Spooking the Competition WSJChina's trade surplus is triggering global unease — and India could emerge a winner FirstpostWith a $1.2 Trillion Trade Surplus, How China Manages Its Global Relations China Academy
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While the company's Agentforce offering is picking up steam, Salesforce didn't deliver the top-line growth investors wanted to see
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Equities had been prone to larger upswings when President Trump previously talked positively about the two sides getting closer to ending the Iran war
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Shares of Zscaler were headed for a record one-day decline of more than 31% after the cybersecurity company shocked investors with a downbeat revenue outlook.
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Strategists at Raymond James, led by Tavis McCourt, said the artificial intelligence capital-spending boom is on par with the biggest over the last 150 years.
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Snowflake Stock Jumps 34%. How Amazon and an Earnings Beat Are Fueling the Gains. Barron'sSnowflake rockets 36% on earnings beat and plan to spend $6 billion on Amazon cloud CNBCSnowflake Raises Sales Outlook, Touts Impact of AI Demand Bloomberg.comExclusive | Amazon Strikes $6 Billion Deal With Snowflake for Agentic Computing Chips WSJ
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Ticket prices for the NBA Finals at Madison Square Garden have officially entered Super Bowl territory.
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Chat-based collaboration software is a must-have in today's business environment, with Slack and Microsoft Teams the two leading options for the enterprise. The stakes couldn't be higher — the pandemic made clear that remote work and collaboration are the future of business.
Slack, which went public back in 2019, was bought by enterprise software giant Salesforce in July 2021 for $27.7 billion. Until the acquisition, it wasn't clear that Slack could survive against behemoth Microsoft, which has a gazillion revenue streams to rely upon and is giving Teams away for free in most Office 365 and Microsoft 365 plans. But now that Slack has sugar daddy Salesforce behind it, with a valuation north of $200 billion and annual income of more than $20 billion, it can better compete.
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