Markets, labor, and the economy — numbers cited, methods disclosed.
The operation triples the normal buyback level and follows weeks of rising yields driven by inflation, war, and surging government debt. Markets reacted negatively, with yields climbing further after the announcement.
The measures match American duties dollar-for-dollar across more than 700 products, with both sides showing no signs of backing down.
The warning came hours before Canada’s retaliatory tariffs on billions of dollars of American goods took effect, deepening a trade war that has collapsed negotiations between the two neighbors.
The acquisition gives the chipmaker control of a platform used by more than 18 million developers and marks its second-largest deal on record.
Yields across major economies have climbed to multiyear highs, with UK mortgage holders facing rising swap rates and governments confronting steeper interest bills.
Ternus succeeds Tim Cook, who moves to executive chairman, as Apple faces AI competition, a memory supply crunch, and rising device prices.
The deal is vast. The agreement covers 65 billion barrels of proven reserves across 17 strategic fields, giving the U.S. government a 55% stake in a joint venture that Rodríguez granted a 100-year concession, though few details have been released.
The Federal Reserve chair used his first Jackson Hole keynote to recommit to the 2% inflation target and warn that rates could rise if price pressures persist, a hawkish posture that puts him at odds with President Donald Trump.
The settlement ends a landmark trial in Oakland and forces sweeping changes to Facebook and Instagram, including daily time limits and nighttime blocks for users under 18.
The fast-fashion retailer will list on 1 September after failed attempts in the US and London, offering nearly 280 million shares at a fraction of its 2022 peak worth.
The Panama Canal Authority will reduce vessel traffic from 36 to 32 ships per day by mid-September, citing low rainfall and the need to safeguard drinking water supplies for half the country’s population.
The court-ordered confiscation of all personal property closes a chapter in the collapse of China’s biggest real estate developer, whose implosion continues to weigh on the economy.
The Office of Rail and Road granted Virgin Trains access to the HS1 route for up to 20 daily return services to Paris, Brussels, and Amsterdam, but the company still needs trains, safety approvals, and access to mainland European networks.
GDP expanded 1.1 percent annualized in the second quarter, well below the two percent economists expected, as the Iran war’s energy shock and a weak yen weighed on households and businesses.
The second-quarter loss was more than 10 times the figure from a year earlier, driven largely by drops in digital assets. The firm is now courting high-frequency traders with faster access to President Trump’s Truth Social posts.
The chipmaker signed memorandums of understanding with six asset managers, marking the first time AI compute has been treated as an investable asset class. CEO Jensen Huang pitched the company’s chips as revenue-generating infrastructure comparable to commercial real estate.
A group led by British-Indian businessman Amit Bhatia and including Amazon’s Jeff Bezos and Facebook co-founder Eduardo Saverin is in advanced talks with Fenway Sports Group to acquire a minority stake in the Premier League club.
The Bureau of Labor Statistics reported an unexpected decline, missing analyst forecasts for an 83,000 gain and revising down prior months by a combined 103,000 jobs. The data complicates the Federal Reserve’s next move on interest rates.
The order adds to $375 million in earlier penalties and requires sweeping product changes for users under 18, though Meta says it will appeal.
The deal, financed by Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and Silver Lake, marks the largest leveraged buyout in history and ends EA’s 36-year run as a publicly traded company.
The company’s sales jumped 92 percent to $7.8 billion, driven by compute deals with Anthropic and Google and Starlink growth, yet capital expenditures soared to $18.37 billion and shares fell in after-hours trading.
The data analytics company lifted its full-year revenue outlook after second-quarter results far exceeded Wall Street expectations, with CEO Alex Karp saying growth could continue for at least another 18 months.
The tie-up would create the world’s fourth-largest drugmaker and rank among the biggest pharmaceutical deals ever, but analysts questioned the rationale and flagged antitrust risks.
The joint operation marks the first U.S.-Japan yen-buying effort since 1998, aimed at halting the currency’s slide to four-decade lows.
The Bureau of Economic Analysis reported GDP growth fell from 2.1% in the first quarter, missing analyst forecasts of around 2%. Economists describe a classic supply shock driven by trade policy and energy costs.
The central bank voted to keep borrowing costs unchanged for a fifth straight meeting, with three members pushing for a hike amid volatile oil prices and geopolitical uncertainty.
The oil giant’s adjusted earnings reached $9.84 billion for the second quarter, more than double the figure from a year earlier, as conflict in the Middle East drove oil and gas prices sharply higher.
The iPhone maker became the second company ever to cross the threshold, benefiting from strong product demand and its decision to avoid the heavy AI infrastructure spending that has weighed on rivals.
The new Apple Upgrade program replaces the iPhone Upgrade Program and arrives as a global memory shortage has already driven up iPad and Mac prices.
A broad semiconductor sell-off triggered a circuit breaker on South Korea’s benchmark index, with SK Hynix falling 13% as fears about AI investment profitability spread from Wall Street to Asian markets.
The proposed settlement covers 99.75 percent of outstanding talc-related cases in the United States but does not extend to a separate product liability case under way in the United Kingdom.
The Hefei-based DRAM manufacturer’s blockbuster IPO underscores investor appetite for homegrown semiconductor champions as Beijing pushes for self-sufficiency in AI-era technology.
A power failure at a treatment works cut water to both terminals at the UK’s second busiest airport on Sunday, leaving passengers without functioning toilets or places to eat and drink. SES Water said the outage was fixed but supply had not yet returned.
The delay could push the $110 billion deal to June 2027 and cost Paramount as much as $1.7 billion in ticking fees.
Both companies reported negative free cash flow and raised capital expenditure forecasts, wiping out roughly $200 billion and $300 billion in market capitalization respectively.
The duties of 10% to 12.5% replace temporary global levies set to expire Friday and cover 99% of U.S. imports. Officials cite inadequate enforcement of forced labor bans by trading partners.
A consortium of 100 institutional investors has sweetened its £10bn rescue plan with veto rights for ministers and hundreds of millions in extra cash, as the new Burnham administration weighs temporary public ownership.
The reduction from 5% to zero takes effect on 1 October and will save a typical household about £45 a year. Ministers say it is funded by scrapping the digital ID programme, but critics dispute the funding claim.
A temporary restraining order blocks the media giants from completing their merger for 14 days while antitrust arguments proceed in a California federal court.
The Taiwanese chipmaker announced the expansion alongside a 77% surge in second-quarter net profit, as the Trump administration pushes to bring advanced semiconductor manufacturing to American soil.
The levies take effect July 22 under Section 301 of the Trade Act of 1974, with a separate probe that could add another 12.5 percent duty. Brazil has condemned the move and denied engaging in unfair practices.
Second-quarter GDP expanded 4.3 percent, falling below Beijing’s reduced annual target and missing economists’ forecasts, as investment slumped and consumption stayed subdued.
A coalition of attorneys general filed for a temporary restraining order and preliminary injunction, arguing the $110 billion media consolidation would crush competition and raise prices for consumers.
CEO Oliver Blume says the group’s costs run 20% above rivals, while the supervisory board blocks factory closures and unions push back against a fresh wave of downsizing.
The chipmaker beat consensus by roughly $2.5 billion, lifted its quarterly dividend twenty-five-fold, and added $80.0 billion to its buyback authorization, while Data Center revenue of $75.2 billion alone was larger than the whole company a year ago. Shares fell 0.9 percent in the next trading session, the fourth straight beat-and-fade quarter for the stock.
Jerome Powell’s term as Fed chair ended Friday, but the Board kept him in the seat on a temporary basis, and on the Board itself through 2028. Kevin Warsh inherits a central bank with the highest inflation print in three years.
The central bank kept rates unchanged for a fourth meeting. Markets opened modestly higher; bond yields softened.
The seasonally adjusted final-demand index rose 1.4 percent in April. That is the largest monthly producer-price advance the Bureau of Labor Statistics has recorded since March 2022, and two-thirds of the rise is concentrated in trade-services margins, the gap between what wholesalers and retailers paid for a good and what they charged to send it on. The shock is downstream now.
Headline CPI ran 3.8 percent over the last 12 months. Energy and shelter did most of the work. Real average hourly earnings fell 0.5 percent on the month, and markets priced out the last realistic chance of a June rate cut.
The Bureau of Labor Statistics published its preliminary first-quarter Productivity and Costs release this week. Workers produced 2.9 percent more per hour than a year earlier; the share of that output paid back as compensation is the smallest on record.
The Federal Reserve’s G.19 release on Thursday put total outstanding consumer credit at $5.14 trillion. Revolving balances, which is mostly credit cards, rose at a 3.8 percent annual rate against an average card APR of 21.52 percent.
New York filed suit in January against the former chief executive of Emergent BioSolutions for selling more than $10 million in stock under a 10b5-1 plan adopted, the state alleges, after he learned the company’s Baltimore plant had contaminated AstraZeneca vaccine batches. The Attorney General settled with Emergent for $900,000. Four years of FDA, congressional, and SEC records sit behind both filings.
Computers and electronic products posted their biggest monthly jump since 2001. Strip them out, and most of what the data center boom is buying looks nothing like the rest of American manufacturing.
The ISM Manufacturing PMI held at 52.7 percent for a second month. Underneath that flat headline, the prices subindex jumped to 84.6 percent, and the employment subindex fell deeper into contraction.
