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Today: May 29, 2026
Today: May 29, 2026

Economy

Business|Economy|Finance|Technology

US regulator moves to withdraw judgment against Winklevoss' crypto exchange

The U.S.

US regulator moves to withdraw judgment against Winklevoss' crypto exchange
Business|Economy|Entertainment|Fashion and Beauty|Finance|Stock Markets

Gap, American Eagle fall as brand troubles weaken annual forecasts

By Akriti Shah and Neil J Kanatt May 29 - Shares of Gap and American Eagle Outfitters tumbled over 12% on Friday after both retailers issued weak forecasts, signaling deepening pressure on consumer

Gap, American Eagle fall as brand troubles weaken annual forecasts
Business|Economy|Stock Markets|Technology

Dell shares soar 30% as AI server demand, price hikes power stellar quarter

Dell's shares surged 30% on Friday, as the PC maker's blockbuster results showed that its growing focus on AI servers was helping it

Dell shares soar 30% as AI server demand, price hikes power stellar quarter
Business|Economy|Finance|World

Wall St edges higher at open with Mideast deal updates in focus

Wall Street's main indexes opened higher on Friday, after closing at record highs the previous session, with markets awaiting details on reports that the U.S. and Iran had reached a

Wall St edges higher at open with Mideast deal updates in focus
Business|Economy|Finance|Stock Markets|US|World

U.S. equity funds draw weekly inflows as tech rally lifts sentiment

U.S. equity funds drew inflows in the week to May 27 as a rally in AI-linked technology stocks lifted sentiment, though concerns surrounding the U.S.-Iran peace negotiations kept

U.S. equity funds draw weekly inflows as tech rally lifts sentiment
Business|Economy|Environment|Technology|World

GM-LG battery company delays return of laid-off workers to Ohio plant

A battery plant partly owned by General Motors is delaying the return of hundreds of workers in northeast Ohio amid continued weak demand for electric cars.

GM-LG battery company delays return of laid-off workers to Ohio plant
Business|Economy|Finance|Stock Markets|US

Unrealised losses at US private credit lenders deepen

Unrealised losses at U.S. private credit lenders deepened in the first quarter to their worst level since 2022, while the amount of interest income they

Unrealised losses at US private credit lenders deepen
Business|Economy|Political|Travel|World

US travel group warns closing Newark airport to international travel could cost $8 billion annually

A group representing the U.S. travel industry said Friday that removing immigration officials from Newark airport would cause "immediate and lasting

US travel group warns closing Newark airport to international travel could cost $8 billion annually
Economy|Europe|Political|World

European Union unlocks billions in funding for Hungary after rapid reforms by new leader Magyar

Officials say the European Union will unlock 16.4 billion euros or around $19 billion in funds for Hungary after recently elected Prime Minister Péter Magyar enacted rapid reforms

European Union unlocks billions in funding for Hungary after rapid reforms by new leader Magyar
Business|Economy|Science|Technology|World

In China, AMD CEO Lisa Su is understated while Nvidia's Huang is more razzmatazz

When AMD CEO Lisa Su

In China, AMD CEO Lisa Su is understated while Nvidia's Huang is more razzmatazz
Business|Economy|Finance|Stock Markets|US

Jobs report on tap for soaring US stocks as rate path, bond yields eyed as risks

Investors will turn to an important labor market update next week as they weigh whether simmering inflation and the potential for interest rate hikes

Jobs report on tap for soaring US stocks as rate path, bond yields eyed as risks
Economy|Political|World

Colombians head to the polls with peace efforts, economy on agenda

Colombians are set to vote on Sunday in what is likely the first round of a presidential election, amid deep polarization between those seeking

Colombians head to the polls with peace efforts, economy on agenda
Business|Economy|Europe|World

German inflation eases in May, even as core inflation rises

German inflation slowed in May due to lower energy prices, and while core inflation accelerated, analysts said that was likely not evidence that cost

German inflation eases in May, even as core inflation rises
Business|Economy|Europe|World

Top euro zone countries see Iran inflation fallout broaden in May

Inflation in the euro zone's four largest economies hovered above the European Central Bank's 2% target for a third straight month in May, preliminary data showed on

Top euro zone countries see Iran inflation fallout broaden in May
Business|Economy|World

TSX futures rise as US-Iran deal boosts sentiment ahead of GDP data release

Futures tracking Canada's blue-chip stocks rose on Friday as a deal to extend the U.S.-Iran ceasefire renewed hopes for an end to the Middle East conflict, while investors also

TSX futures rise as US-Iran deal boosts sentiment ahead of GDP data release
Business|Crime|Economy|Europe|World

US consulate builder in Milan hit by court action over abuse allegations

Prosecutors have placed the Italian branch of U.S. construction giant Caddell Construction under investigation over alleged worker exploitation at the site

US consulate builder in Milan hit by court action over abuse allegations
Economy|Finance|MidEast|Stock Markets|US|World

Dollar set for second weekly loss amid U.S.-Iran ceasefire deal

The dollar fell against other major currencies on Friday and was on track for its second consecutive week of losses after the U.S. and Iran reportedly

Dollar set for second weekly loss amid U.S.-Iran ceasefire deal
Economy|Environment|Europe|Health|Science|World

Record-breaking heat and dry spring leave parts of England without water

Thousands of households in southeast England were left without water or facing low pressure during a record-breaking heatwave

Record-breaking heat and dry spring leave parts of England without water
Business|Economy|Finance|World

Brazil's economy rebounds in early 2026, clouding rate cut outlook

Brazil's economy rebounded in the first three months of 2026, supported by household consumption and stronger investment, against a backdrop of a tight

Brazil's economy rebounds in early 2026, clouding rate cut outlook
Business|Economy|Finance|Stock Markets|US|World

Rising exports lower US goods trade deficit in April

The U.S. trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend

Rising exports lower US goods trade deficit in April
Business|Economy|Finance|Stock Markets|Technology|World

Global equity funds draw weekly inflows as AI rally boosts sentiment

Global investors returned to equity funds in the week to May 27 after a week of outflows, as a rally in AI-linked stocks revived demand, though caution over U.S.-Iran peace

Global equity funds draw weekly inflows as AI rally boosts sentiment
Business|Economy|Finance|Stock Markets|World

Canada enters surprise technical recession amid tariff uncertainty

Canada's economy posted a surprise contraction in the first quarter versus the year before, making it two straight quarters of annualized decline - which

Canada enters surprise technical recession amid tariff uncertainty
Business|Economy|Finance|Political|World

Bessent argues US was 'asleep' on economic security, Trump policies waking it up

U.S.

Bessent argues US was 'asleep' on economic security, Trump policies waking it up
Business|Economy|Finance|Stock Markets|US|World

Fed's Bowman says extended energy shock could drive shift in policy outlook

By Michael S.

Fed's Bowman says extended energy shock could drive shift in policy outlook
Asia|Business|Economy|Environment|Political|World

Vietnam's To Lam warns of three global crises, sets out solutions

The world is beset with multiple risks and uncertainty that countries must confront squarely, To

Vietnam's To Lam warns of three global crises, sets out solutions
Business|Economy|Political|World

Pakistan foreign minister set to discuss Iran with Rubio in Washington

Pakistani Foreign Minister Ishaq Dar arrived in Washington on Friday for talks with U.S.

Pakistan foreign minister set to discuss Iran with Rubio in Washington
Crime|Economy|Education|Environment|Health|Political

Colorado voted to end forced prison labor in 2018 – so why are incarcerated people in the state still working for less than $2 an hour?

Many jails and prisons are dependent on incarcerated labor to keep costs low.

Colorado voted to end forced prison labor in 2018 – so why are incarcerated people in the state still working for less than $2 an hour?
Arts|Crime|Economy|Education|Entertainment|Environment|Europe|Finance|Health|Lifestyle|MidEast|Opinion|Political|Science|Sports|Technology|US|World

When ICE ramped up enforcement, US-born workers didn’t see any economic gains

Contrary to the belief that an immigration crackdown would lead to more jobs for US-born workers, ICE enforcement hasn’t produced economic gains for Americans.

When ICE ramped up enforcement, US-born workers didn’t see any economic gains
Business|Economy|Education|Environment

A rare bipartisan housing victory faces a bigger problem – Americans still can’t afford housing

If signed into law, the legislation would be the first major housing bill to pass in decades.

A rare bipartisan housing victory faces a bigger problem – Americans still can’t afford housing
Business|Economy|Finance|Political|US

Bessent: Nothing 'untoward' about Trump's face on a $250 bill

During a White House press briefing, US Treasury Secretary Scott Bessent was pressed by CNN’s Kaitlan Collins on the Bureau of Engraving and Printing making plans to potentially print a commemorative $250 bill with an image of President Donald Trump. Bessent said they were preparing in case Congress passed legislation that calls for the Trump bill.

Bessent: Nothing 'untoward' about Trump's face on a $250 bill
Economy|Europe|Political|World

Hungary's PM says he will conclude political deal on EU funds with von der Leyen

Hungarian Prime Minister Peter Magyar said on Friday he would conclude a political agreement on the release of frozen European Union funds at a meeting with European

Hungary's PM says he will conclude political deal on EU funds with von der Leyen
Business|Economy|Technology

Taiwan's MediaTek says it supports both TSMC and Intel's advanced packaging technologies

Taiwan chip designer MediaTek said on Friday it supports both TSMC's and Intel's advanced packaging technologies, allowing customers to choose between the two

Taiwan's MediaTek says it supports both TSMC and Intel's advanced packaging technologies
Business|Economy|Finance|World

Rule changes may only yield modest Fed balance sheet contraction

By Michael S.

Rule changes may only yield modest Fed balance sheet contraction
Business|Economy|Finance|Stock Markets|World

European shares secure monthly gains on Middle East peace hopes

European shares edged higher on Friday, wrapping up the month with gains as investors clung to hopes that a proposed deal to extend a Middle

European shares secure monthly gains on Middle East peace hopes
Africa|Business|Economy|Finance|Political|Stock Markets|World

Nigeria's Tinubu says reforms stabilising economy despite hardship

Nigerian President Bola Ahmed Tinubu said on Friday his economic reforms stabilised the country and revived investor confidence, despite a steep cost-of-

Nigeria's Tinubu says reforms stabilising economy despite hardship
Business|Economy|Finance|Stock Markets|World

Japan spent $73 billion in yen-buying intervention, ministry data shows

Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over the past month to support the yen, but with only

Japan spent $73 billion in yen-buying intervention, ministry data shows
Asia|Business|Economy|Political|World

New Zealand aiming for steady rises in defence spending, minister says

New Zealand is aiming for "smooth and steady" rises in defence expenditure to meet its target of spending 2% of GDP on the military within 8 years, its new

New Zealand aiming for steady rises in defence spending, minister says
Business|Economy|Europe|World

European Commission vows tougher action on trade with China

The EU's trade and investment relationship with China is "not sustainable", the European Commission said on Friday, vowing a stronger response as

European Commission vows tougher action on trade with China
Business|Economy|Finance|Stock Markets|World

Nomura seeks US fund management acquisitions as part of global expansion

Japan's Nomura Holdings is looking for acquisition targets for its investment management business in the U.S. to build on last year's $1.8 billion buyout of

Nomura seeks US fund management acquisitions as part of global expansion
Business|Economy|Finance|Stock Markets|US|World

Fed's Schmid warns against viewing oil shock as transitory

By Michael S.

Fed's Schmid warns against viewing oil shock as transitory
Business|Economy|Finance|Stock Markets

Deal or no deal

Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

Deal or no deal
Business|Economy|Finance|World

Bank of England's Bailey signals no need to move quickly to curb inflation jump

Bank of England Governor Andrew Bailey said on Friday that allowing inflation to run above the central bank's 2% target is justified given the uncertainty about the impact of the

Bank of England's Bailey signals no need to move quickly to curb inflation jump
Business|Economy|Europe|World

Italy first quarter growth revised up as exports shine

Italy's economy grew by 0.3% in the first quarter from the previous three months, boosted by strong exports, national statistics bureau ISTAT said on Friday, revising up a

Italy first quarter growth revised up as exports shine
Economy|MidEast|Political|World

Iran promises ‘utter ruin’ if war restarts. Here’s what could happen if diplomacy fails

Iran promises ‘utter ruin’ if war restarts. Here’s what could happen if diplomacy fails

Iran promises ‘utter ruin’ if war restarts. Here’s what could happen if diplomacy fails
Business|Economy|Finance|Political|Stock Markets|Technology|US|World

How do US arms sales to Taiwan work and why are they such a sore point for China?

How do US arms sales to Taiwan work and why are they such a sore point for China?

How do US arms sales to Taiwan work and why are they such a sore point for China?
Business|Economy|Political|Travel|World

Mullin plan to punish sanctuary jurisdictions by targeting their airports faces fierce headwinds

Mullin plan to punish sanctuary jurisdictions by targeting their airports faces fierce headwinds

Mullin plan to punish sanctuary jurisdictions by targeting their airports faces fierce headwinds
Business|Economy|Europe|Finance|MidEast|Stock Markets|World

Global bonds take wild ride in May as Iran war shocks market

The Iran war rocked global bond markets again in May, sending yields to multi-decade highs as traders priced in central bank rate hikes

Global bonds take wild ride in May as Iran war shocks market
Business|Economy|Science|Technology|World

OpenAI gives Japan banks access to latest model, Japan's finance minister says

OpenAI has given some Japanese financial institutions access to its GPT-5.5 model to help prevent cyberattacks, Japanese Finance Minister Satsuki Katayama

OpenAI gives Japan banks access to latest model, Japan's finance minister says
Business|Economy|Europe|Finance|World

ECB will act to head off persistent inflation, Panetta says

The European Central Bank will act in a "timely and measured manner" to prevent the current energy shock from turning into persistent inflation, governing council member Fabio

ECB will act to head off persistent inflation, Panetta says