Amundi Warns U.S. Stablecoin Law May Upend Finance
Amundi the largest asset manager in Europe warns about worldwide economic instability that may result from the U.S. GENIUS Act...
Rivian Deliveries Plunge as Tariffs, Costs Dent Demand
Rivian Automotive experienced a significant 22.7% decrease in second-quarter delivery numbers because of ongoing electric vehicle market challenges from trade...
Trump Threatens Tesla, SpaceX Funding Amid Musk Dispute
During a Tuesday confrontation President Donald Trump threatened to withdraw federal funding worth billions from Tesla and SpaceX because of...
Renewable Stocks Mixed as Senate Preserves Key Incentives
The U.S. renewable energy sector demonstrated conflicting performance on Monday after the Senate passed President Donald Trump’s tax-and-spending bill which...
Consumer Spending Dips as Tariff Effect Fades
The temporary spending increase from pre-tariff purchases has started to disappear as U.S. consumer spending decreased in May. The Commerce...
Powell Defends Fed’s Interest Payments on Bank Reserves
Federal Reserve Chair Jerome Powell defended the central bank's ability to pay interest on commercial bank reserves during his Wednesday...
U.S. Consumer Confidence Falls on Weaker Outlook for Jobs, Economy
The U.S. consumer confidence decreased in June because Americans became more doubtful about business conditions and job market prospects for...
Alibaba Folds Travel, Food Units Into Core E-Commerce
Alibaba Group will merge its food delivery service Ele.me with its online travel platform Fliggy into its main e-commerce operations...
U.S. Aims to Revoke Chip Waivers for Firms in China
Major chipmakers face disruption to global semiconductor production because the U.S. government plans to end waivers that let them use...
Microsoft Weighs Exit from OpenAI Talks Amid Disputes
The Financial Times reports that Microsoft is evaluating an exit from their current partnership negotiations with OpenAI because both parties...
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