Dollar falls as U.S.-China trade uncertainty resurfaces
U.S. dollar’s overall performance in April showed a decline of 4.8%, its worst monthly drop since November 2022
U.S. shifts focus from college degrees to skilled trade apprenticeships
President Trump signs order to expand skilled trades training, ties it to manufacturing strategy
U.S. opens national security probe into heavy-duty truck imports
Mexico is the largest exporter of medium- and heavy-duty trucks, while Canada and Japan are also among the major exporters in this segment
Adobe integrates OpenAI and Google AI models into Firefly app
Firefly users would now be able to generate images using OpenAI’s GPT image generation, Google’s Imagen 3, Google Veo 2, and Flux 1.1 Pro
Hyundai shifts Tucson production to from Mexico to U.S.
Hyundai plans to move production of some U.S.-bound vehicles from South Korea to alternative locations as part of its broader contingency strategy
Trump’s $TRUMP coin surges 60% after gala dinner offer for top buyers
The top 220 buyers of the $TRUMP token will be invited to a dinner on May 22 at the Trump National Golf Club in Washington
Toyota posts record overseas sales in March ahead of U.S. tariffs
Toyota sells 814,105 vehicles outside Japan in March, representing a 6.7% increase compared to the same month last year
Musk’s X sues Minnesota over AI deepfake election law
The company argues the legislation infringes on free speech rights and is impermissibly vague
ECB President warns U.S. tariffs may trigger disinflation in Europe
China will have overcapacity and may reroute exports to Europe, which would dampen prices, says Christine Lagarde
Meta launches global ad rollout on Threads to boost revenue
The company confirms that ad placements will initially launch in select markets, with a broader rollout planned in the coming months
Google and X may face EU fines as regulators continue crackdown on Big Tech
EU antitrust chief Teresa Ribera asserts that all companies operating in the EU must comply with European laws and respect European values
EU fines Apple and Meta a combined 700 million euros for violating DMA
The fines are relatively modest compared to previous penalties under the leadership of former EU antitrust chief Margrethe Vestager
IMF warns new U.S. tariffs will push global public debt to nearly 100% of GDP by 2030
The IMF's latest projections estimate global public debt will rise by 2.8 percentage points to 95.1% of GDP by 2025, and reach 99.6% by 2030
Meta Oversight Board criticizes company’s policy overhaul on content moderation
The board operates independently and expressed concerns that the changes were implemented hastily without clear public information
Xiaomi denies delay in YU7 electric SUV launch
The YU7 is expected to be a direct competitor to Tesla’s Model Y