Evening digest: markets react to Trump spending cut, Musk SEC showdown, Nvidia slump
Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval,…
Sanctioned Russian Arctic LNG 2 cargo faces sanctions test with China delivery
On Thursday, a tanker laden with liquefied natural gas (LNG) from Russia’s sanctioned Arctic LNG 2 plant arrived at an…
EUR/USD slips amid French political turmoil, Fed uncertainty
The euro fell against the US dollar amid heightened volatility in global currency markets, with EUR/USD dropping to 1.1616, a…
Urban Outfitters stock slides 4% despite strong quarter on cautious outlook
Shares of Urban Outfitters fell more than 4% in early trading on Thursday after the fashion retailer issued a cautious…
US stocks open mostly higher as Nvidia stock rebounds: Nasdaq up 0.4%
US stocks edged higher on Thursday as traders digested Nvidia’s latest earnings, which many saw as a fresh endorsement of…
Fed Governor Lisa Cook sues President Trump over attempted removal
Federal Reserve Governor Lisa Cook has filed a lawsuit against President Donald Trump, challenging his move to remove her from…
US GDP rebounds 3.3% in Q2 as imports plunge after tariff surge, consumer activity firms up
The US economy staged a strong rebound this spring, recovering from its first contraction in three years as imports fell…
US jobless claims slip, but weak hiring could push August unemployment to 4.3%
New applications for US unemployment benefits fell slightly last week, though weak hiring could push the jobless rate higher in…
Trump’s Fed pressure risks inflation, global market fallout, ECB’s Rehn warns
Global policymakers are voicing concern that repeated attacks on the Federal Reserve by US President Donald Trump pose risks to…
US-backed TechMet creates new unit for western critical mineral supply chains
TechMet, a US government-backed investment vehicle, is set to launch a new trading arm dedicated to critical minerals. This strategic…