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
G7 finance ministers seek common ground amid U.S. tariff disputes
Ministers aim to keep the forum viable by focusing on non-tariff issues, including support for Ukraine and non-market policies from China
Bitcoin hits new all-time high above $109,000 amid easing trade tensions
Despite bitcoin’s surge, ether, the second-largest cryptocurrency, does not follow the same upward trajectory and is down 0.5% at $2,513
Pakistan will not get water over which India has rights, Indian PM Modi says
Pakistan's economy will have to pay a heavy price, Modi threatens while addressing a public event in Rajasthan
Trump says trade deals with Pakistan and India key to resolving tensions
US President once again claims to have helped de-escalate India-Pakistan tensions through diplomatic intervention and trade talks
BYD sells over 213,000 smart assisted driving vehicles in April
As of the end of April, BYD had sold over 480,000 cars with these advanced features, according to a company statement
IEA warns of supply risks as critical mineral markets grow more concentrated
China leads in refining growth and accounts for two-thirds of global battery recycling capacity increase since 2020
Amazon tests AI-powered audio summaries on product pages
The feature is accessible via a “Hear the highlights” button in the Amazon shopping app