UN labour body cuts global job forecast amid economic slowdown
53 million jobs will be created this year, seven million fewer than previously anticipated, as economic growth projections have been revised down to 2.8% from 3.2%, ILO saysÂ
US court blocks most Trump tariffs, says president exceeded his authority
Court cites that Constitution grants Congress power to regulate international commerce; Markets cheer ruling, dollar and global stocks rally; Trump administration files notice of appeal, questions authority of the court
Oil prices rise over 1% as OPEC+ holds output steady
Brent crude futures rise 1.42% to $65 a barrel, while U.S. West Texas Intermediate (WTI) crude gains 1.77% to $61.97
Dollar strengthens as trade optimism lifts U.S. outlook
Euro fell 0.14% to $1.1312, while the dollar rose 0.33% to 144.8 yen
Vance says U.S. should embrace bitcoin as China rejects it
U.S. Vice President says the digital asset could play a critical role for the U.S. over the next decade
Musk’s xAI and Telegram agree to one-year Grok partnership
xAI will pay Telegram $300 million in cash and equity and share 50% of subscription revenue generated through the platform
Xiaomi market value tops $171 billion, surpassing BYD
Shares of Xiaomi jump as much as 3.4% after the company reported record revenue and profit for the first quarter
OpenAI restructuring creates option for potential future IPO, says CFO
Sarah Friar says no final decision has been made and both the company and public markets must be prepared for an IPO
Spacex Starship rocket loses control during test flight over Africa
Musk posts on X that the rocket experienced a fuel leak in its primary tank, which led to the loss of control
New Zealand central bank cuts benchmark rate to 3.25 percent
RBNZ says inflation is within target and committee ready to respond to maintain price stability
US banks tiptoe toward crypto, awaiting more green lights from regulators
Large lenders are hesitant to be the first to expand into crypto
Ford recalls 1.1 million U.S. vehicles over rearview camera software issue
Ford says dealers update the affected software through over-the-air delivery or at dealerships
Texas requires Apple and Google to verify app store users’ ages
The law mandates parental consent for users under 18 to download apps or make in-app purchases
Dollar rises as Japan bond yields fall and U.S. confidence improves
Dollar gains 1% to 144.28 yen, while the euro drops 0.46% to $1.1335
Musk delays Mars mission update, focuses on Starship test flight
The upcoming update from Musk is expected to include new timelines and plans for Mars missions