Oil prices rise ahead of Memorial Day weekend amid US-Iran nuclear talks
Brent crude futures closes at $64.78 a barrel up 0.54%, while U.S. West Texas Intermediate crude futures settle at $61.53, gaining 0.54%
Tariffs on Apple will also apply to Samsung, says Trump
This marks a reversal from Trump’s April decision to exclude electronics, including iPhones, from tariffs on Chinese imports
Taliban in talks with Russia, China for trade transactions in local currencies
Afghanistan faces a stark drop in the U.S. currency entering the country due to aid cuts
U.S. FTC drops price discrimination case against PepsiCo favoring Walmart
FTC Chairman calls the lawsuit a "legally dubious partisan stunt" and emphasizes that taxpayer dollars should not fund such efforts
Trump’s $TRUMP meme coin dinner draws global investors amid protests
Investors spend an estimated $148 mln on the $TRUMP meme coin to secure dinner seats, with the top 25 holders spending over $111 mln
U.S. House passes sweeping tax and spending bill advancing Trump’s agenda
The legislation provides new tax breaks, increases military and border spending, and adds about $3.8 trillion to the federal debt over 10 years
G7 finance chiefs vow to tackle “excessive imbalances” in global economy
Finance ministers and central bank governors signal readiness to escalate sanctions on Russia amid its ongoing war in Ukraine
U.S. Senate votes to block California’s electric vehicle sales mandate by 2035
The measure aims to repeal the EPA waiver allowing California to mandate 80% electric vehicle sales by 2035
FAA approves SpaceX Starship to resume flights after March failure
FAA expands the hazard zones along the rocket’s flight path, extending the Aircraft Hazard Area from 885 to 1,600 nautical mile
IMF says U.S. Treasury market remains orderly amid tax plan debates
The Fund is closely monitoring the tax plans currently taking shape in Congress
Stargate UAE’s first 200 megawatts of AI capacity to go live in 2026
Full project will eventually house data centers with a combined capacity of 5 gigawatts
Dollar rises after House approves Trump’s tax and spending bill
Euro falls amid weak economic data from the eurozone, while Bitcoin reaches a new all-time high
Oil prices fall amid talks of OPEC+ production increase in July
Brent crude futures drop 1.02% to $64.25 a barrel, while U.S. West Texas Intermediate falls 0.83% to $61.06
U.S. and Japan agree dollar-yen rate reflects market fundamentals
U.S. statement appears aimed at countering market speculation that Washington would pressure Tokyo to strengthen the yen
Amazon shareholders reject all outside proposals at annual meeting
Shareholders also vote down proposals seeking a formal policy to separate the CEO and board chair roles