Fed recap: Chair Powell explains why the central bank isn’t ready yet to cut rates
Central bank policymakers kept rates steady, as expected. They also noted that there has been “modest” progress on inflation.
Dollar and euro trade halted on Russia’s biggest exchange due to new U.S. sanctions
The Moscow Exchange, Russia’s leading financial marketplace, will halt trading in dollars and euros after new U.S. sanctions.
Keith Gill has some tough choices to make on his GameStop options with Wall Street ready to pounce
Roaring Kitty might be pondering on what to do with his massive options position against GameStop and he could have some tough choices to make.
Tesla could get special duties as part of higher China EV tariffs, EU says
Tesla “may receive an individually calculated duty rate,” the European Commission said, as part of its decision to raise tariffs on Chinese electric vehicles.
German next-generation chip firm bags $274 million in funding as Europe ramps up semiconductor push
Black Semiconductor, a startup creating next-generation chip technology, said it raised 254.4 million euros (US$274 million), mainly from public funding.
Inflation slows in May, with consumer prices up 3.3% from a year ago
The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago.
Hungary agrees not to veto NATO’s deepening support for Ukraine in exchange for nonparticipation
Hungary agreed not to veto NATO military support for Ukraine in exchange for not participating in these efforts.
France’s Macron says he won’t quit if his party loses in snap election vote
The snap election is a gamble for Macron; a defeat for his party would see his domestic powers significantly diminished.
Shares of Porsche, VW and other European carmakers fall following reports of ‘dieselgate’ lawsuits in Britain
The “dieselgate” emissions scandal refers to reports that first surfaced in 2015 that Volkswagen had been caught cheating on emissions tests in the U.S.
Microsoft-backed Mistral AI raises $645 million at a $6 billion valuation
Mistral AI is just more than a year old but has raised huge sums of money and is vying to take on the likes of OpenAI and become Europe’s AI champion.
