Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Setting the stage for a two-day appearance on Capitol Hill, the central bank leader said the economy remains strong as does the labor market.
Vacuum cleaner manufacturer Dyson to cut around 1,000 jobs in the UK
Dyson is set to cut up to 1,000 jobs in the U.K., where it employs 4,500 people.
Greece defends new six-day working week legislation, says it’s an ‘exceptional measure’
After facing backlash for introducing a new six-day working week, Greece has defended the policy, saying it would be an “exceptional measure.”
Biden needs to show he’s ‘with it’ at ‘extraordinarily important’ NATO summit, former diplomat says
Particular focus during the summit will be on President Joe Biden amid widespread concerns about his age and mental fitness for the presidential race.
France’s Macron wanted to leave his mark on Europe — he may have just ruined his legacy
French President Emmanuel Macron’s failed snap election gamble is likely to take a huge toll on his political ambitions and legacy, analysts say.
Barcelona protesters throw items and spray travelers with water while shouting ‘tourists go home’
The protesters — angry about the city’s long-standing problems with overtourism — also used tape to block hotel entrances and sidewalk cafes in Barceloneta.
BP shares drop 4.3% after warning of up to $2 billion impairment, weak refining margins
BP on Tuesday said it expects to post an impairment of up to $2 billion in the second quarter, also warning of lower refining margins.
Singapore state investor Temasek to focus on early adopters of AI in the U.S.; cautious on China
The state investor said that the U.S. will still be the largest destination for its capital, although it is also looking to increase its focus on India and Japan.
CNBC Daily Open: Are markets too optimistic?
S&P 500, Nasdaq close at all-time highs; Elliott threatens proxy fight, Germany’s bitcoin sale pressures prices
Iran has voted in a reformist president — but change remains distant
Despite Pezeshkian’s stated support for relaxing things like headscarf penalties, Iran-focused human rights groups are not optimistic.
