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Today: June 03, 2026
Today: June 03, 2026

Economy

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Ukrainian drones hit St. Petersburg oil terminal before city hosts Russian economic forum

Ukrainian long-range drones have struck an oil terminal in St. Petersburg, setting it ablaze, according to President Volodymyr Zelenskyy

Ukrainian drones hit St. Petersburg oil terminal before city hosts Russian economic forum
Business|Economy|Political|World

Trump is quietly rebuilding his tariff engine

Trump is quietly rebuilding his tariff engine

Trump is quietly rebuilding his tariff engine
Business|Economy|Europe|Political|World

Ukrainian drones strike St. Petersburg, hours before ‘Putin’s Davos’ opens

Ukrainian drones strike St. Petersburg, hours before ‘Putin’s Davos’ opens

Ukrainian drones strike St. Petersburg, hours before ‘Putin’s Davos’ opens
Business|Economy|Finance|World

Canada's services PMI edges up to 18-month high, operating costs accelerate 

Canada's services economy expanded at a modest pace in May as the Middle East conflict raised economic uncertainty and higher fuel prices contributed to the

Canada's services PMI edges up to 18-month high, operating costs accelerate 
Business|Economy|Technology|World

Resilient Saudi economy proves a draw for wartime Gulf business

When food-tech entrepreneur Sara Amini wanted to see where Gulf businesses were still spending despite the Iran war, she

Resilient Saudi economy proves a draw for wartime Gulf business
Business|Crime|Economy|Finance|Stock Markets

U.S. prosecutors are asking about private markets valuations, DOJ's Clayton says

Manhattan's top federal prosecutor said on Wednesday he and his staff are asking questions in the private asset marketplace about valuations, as concerns

U.S. prosecutors are asking about private markets valuations, DOJ's Clayton says
Business|Economy|Finance|Stock Markets|US|World

Fed policy is in 'right place' amid inflation risks, Williams tells Yahoo Finance

By Michael S.

Fed policy is in 'right place' amid inflation risks, Williams tells Yahoo Finance
Business|Economy|Political|World

Mexico says USMCA-compliant exports would be exempt from US forced-labor tariffs

Mexico said on Wednesday that goods complying with the rules of origin under the United States-Mexico-Canada Agreement (USMCA) would be exempt from a proposed 10% U.S.

Mexico says USMCA-compliant exports would be exempt from US forced-labor tariffs
Business|Economy|Finance|Stock Markets|Technology|World

Wall Street's record rally takes a breather amid Middle East impasse

Wall Street's main indexes retreated on Wednesday after a run of record highs, while a fresh Middle East flare-up pushed oil prices higher and cast

Wall Street's record rally takes a breather amid Middle East impasse
Business|Economy|Finance|Stock Markets|Technology

SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says

SpaceX will disrupt the $1.6 trillion U.S. communications industry as the Elon Musk-led company's satellite broadband unit Starlink expands, Oppenheimer said

SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says
Economy|Health|Political|World

Indonesia arrests former nutrition agency head and officials in corruption probe

Indonesia's former head of the National Nutrition Agency has been arrested on corruption charges related to a multi-billion-dollar free-meals program

Indonesia arrests former nutrition agency head and officials in corruption probe
Business|Economy|Environment|Science|Technology

USA Rare Earth finalizes deals for up to $1.6 billion in funding under CHIPS Act

USA Rare Earth said on Wednesday it has signed agreements with the U.S.

USA Rare Earth finalizes deals for up to $1.6 billion in funding under CHIPS Act
Business|Economy|Finance|World

US service sector growth picks up in May; businesses face higher prices for inputs

U.S. services sector activity picked up in May as businesses preemptively placed orders and rebuilt inventories in anticipation of shortages and higher prices because of

US service sector growth picks up in May; businesses face higher prices for inputs
Crime|Economy|Travel|World

Hidden in underwear: CBP seizes nearly $100K from Dulles travelers

Hidden in underwear: CBP seizes nearly $100K from Dulles travelers

Hidden in underwear: CBP seizes nearly $100K from Dulles travelers
Business|Economy|Europe|Technology|World

European Union launches tech sovereignty initiative to boost chips, cloud and AI at home

European Union leaders are pushing back against reliance on American and Asian tech companies

European Union launches tech sovereignty initiative to boost chips, cloud and AI at home
Economy|Election|Finance|Political|US|World

Hilton, Becerra lead in tight primary race for California governor

Republican television commentator Steve Hilton and Democratic former cabinet secretary Xavier Becerra held onto early leads in the open primary race for California

Hilton, Becerra lead in tight primary race for California governor
Business|Economy|Finance|Stock Markets|Technology

AI 'chipflation' spreading from data centers to wider economy, Morgan Stanley warns

Soaring memory chip prices driven by massive AI demand risk stoking "chipflation," Morgan Stanley analysts cautioned, as makers of devices from

AI 'chipflation' spreading from data centers to wider economy, Morgan Stanley warns
Business|Economy|Lifestyle|Sports|World

In Argentina, amateur soccer offers a gritty economic lifeline

Emiliano Migueles starts his days early, delivering water.

In Argentina, amateur soccer offers a gritty economic lifeline
Business|Economy|Europe|Political|World

Bosnia seeks new peace envoy after sudden Schmidt exit

The body overseeing Bosnia's peace process meets on Wednesday to choose a new envoy to replace Germany's Christian Schmidt, who quit under what he said

Bosnia seeks new peace envoy after sudden Schmidt exit
Business|Economy|Environment|Travel|World

Strain grows on shipping industry with vessels stuck inside Hormuz

Even if the U.S. and Iran agreed to halt the war and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances,

Strain grows on shipping industry with vessels stuck inside Hormuz
Business|Economy|Finance|Stock Markets|US

US asset managers fall as investors brace for updates on private credit fund withdrawals

Shares of U.S. alternative asset managers fell in premarket trading on Wednesday as investors braced for second-quarter updates on redemptions from non-traded private credit funds,

US asset managers fall as investors brace for updates on private credit fund withdrawals
Economy|Finance|World

Israel plans big West Bank settlement push many see as illegal

Israel's hardline finance minister announced on Wednesday a major expansion by more than 2,000 homes of three Jewish settlements in the occupied West

Israel plans big West Bank settlement push many see as illegal
Business|Economy|Travel|World

Many airlines hit hard by jet fuel price swings, not all can hedge, IATA says

Many airlines have been hit hard by price swings in the jet fuel market, and some are not in a position to hedge their exposure, the International Air

Many airlines hit hard by jet fuel price swings, not all can hedge, IATA says
Business|Economy|Political|Science|Technology|World

EU targets Big Tech dependence with 'made-in-Europe' drive

The European Commission proposed laws on Wednesday to boost domestic cloud, AI and semiconductor industries and cut reliance on U.S.

EU targets Big Tech dependence with 'made-in-Europe' drive
Business|Economy|Finance|Political|US|World

Trump administration seeks new path forward with tariffs after first attempt hit legal roadblocks

President Donald Trump is in a hurry to rebuild the tariff wall the Supreme Court tore down less than four months ago

Trump administration seeks new path forward with tariffs after first attempt hit legal roadblocks
Economy|Political|World

War may end in interim deal that leaves Iran battered but unbowed

The U.S.-Israeli war on Iran was meant to break the Islamic Republic.

War may end in interim deal that leaves Iran battered but unbowed
Business|Economy|Finance|Stock Markets|World

Stocks fall, oil prices nears $100 as Iran war escalates

Global equity markets fell while oil prices rose on Wednesday as hopes of a quick end to the Middle East conflict faded as hostilities flared again.

Stocks fall, oil prices nears $100 as Iran war escalates
Business|Economy|Environment|Europe|Technology

Fiat to start sales of Grizzly SUV and Grizzly Fastback in second half of the year

Fiat will start sales of its Grizzly mid-sized SUV and Grizzly Fastback model in the second half of this year in Europe, the Middle East and Africa, with plans to expand to

Fiat to start sales of Grizzly SUV and Grizzly Fastback in second half of the year
Business|Economy|Political|World

US cites forced labor concerns as grounds for new tariffs

The Trump administration has proposed new tariffs of up to 12.5% on imports from 60 economies after determining they

US cites forced labor concerns as grounds for new tariffs
Business|Economy|World

Bangladesh seeks new IMF lending deal, officials say

Bangladesh has requested a new loan arrangement from the International Monetary Fund and is exiting its current $5.5 billion programme, government officials said on Wednesday

Bangladesh seeks new IMF lending deal, officials say
Business|Economy|Finance|MidEast|Stock Markets|World

S&P 500, Dow tick lower on Middle East stalemate

The S&P 500 and the Dow opened lower on Wednesday, as a flare-up in the Middle East conflict drove oil prices higher and cast doubt on a quick resolution to the war.

S&P 500, Dow tick lower on Middle East stalemate
Business|Economy|Entertainment|Fashion and Beauty|Finance|Stock Markets|US

Macy's raises annual forecasts as luxury focus draws affluent shoppers

Macy's raised its annual forecasts and posted its first quarterly sales growth in nearly four years on Wednesday, driven by strong demand for high-end apparel and

Macy's raises annual forecasts as luxury focus draws affluent shoppers
Business|Economy|Europe|Finance|Political|US|World

Russia bets on air war as it stumbles on the battlefield

Russia is pummeling major Ukrainian cities in an effort to sustain a sputtering war effort marked by a struggle to maintain momentum on the battlefield, where

Russia bets on air war as it stumbles on the battlefield
Business|Economy|Finance|Stock Markets|US|World

US private payrolls rise broadly in May

U.S. private payrolls increased broadly in May, but economists cautioned against viewing the rise as a sign of a strengthening labor market, noting that other indicators

US private payrolls rise broadly in May
Business|Economy|Entertainment|Sports|Travel

Inflation and immigration fears threaten to dampen Miami’s economic benefits from the World Cup

The economic outlook for World Cup host cities isn’t looking good – but there’s still time to change that.

Inflation and immigration fears threaten to dampen Miami’s economic benefits from the World Cup
Arts|Business|Economy|Education|Environment|Finance|Health|Lifestyle|US

When private equity firms buy mobile home parks, rent increases leave residents with few affordable options in rural areas

It is far easier and cheaper to keep someone housed in a mobile home park than to build a new subsidized unit for them.

When private equity firms buy mobile home parks, rent increases leave residents with few affordable options in rural areas
Asia|Business|Economy|Finance|MidEast|Stock Markets|World

Disruption of Mideast energy supplies into next year would slam global economy

Prolonged disruption of energy supplies from the Middle East that lasts into next year would deal a severe blow to the global economy

Disruption of Mideast energy supplies into next year would slam global economy
Business|Economy|Technology

Private infra, real estate capital to play larger financing role in AI data center boom, Goldman says

Private infrastructure and real estate capital are expected to play a larger role in financing the AI-driven data-center boom, as companies move beyond traditional forms of funding,

Private infra, real estate capital to play larger financing role in AI data center boom, Goldman says
Business|Economy|Science|Technology|World

Russia's Sberbank offers AI model to Global South states keen to bridge digital divide

(Amends dateline) By Gleb Bryanski and Elena Fabrichnaya ST.

Russia's Sberbank offers AI model to Global South states keen to bridge digital divide
Business|Economy|Finance|Political|Stock Markets|World

Indonesian parliamentary panel backs bill to expand role of central bank

JAKARTA, June 3 - The Indonesian parliament's financial commission and the government agreed at a hearing on Wednesday to reform the laws relating to the country's financial system and expand the

Indonesian parliamentary panel backs bill to expand role of central bank
Business|Economy|Finance|Stock Markets|World

Quantum leap

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil prices and bond yields have pushed higher as hostilities in the

Quantum leap
Economy|Europe|World

ECB June hike a done deal, another likely in September, economists say

The European Central Bank is set to raise its deposit rate to 2.25% on June 11, with another increase likely in September, as it

ECB June hike a done deal, another likely in September, economists say
Economy|Environment|Health|Political|World

How Cubans keep going, despite US pressure and fuel blockade

Felicia de la Caridad Alvarez, a resident of Old Havana, knows a thing or two about survival.

How Cubans keep going, despite US pressure and fuel blockade
Business|Economy|Finance|World

Dollar bears cling to optimism as war-led inflation tests Fed path: Reuters poll

The U.S. dollar is expected to stay range-bound in the near term before weakening later this year, FX strategists said in a Reuters survey, on optimism

Dollar bears cling to optimism as war-led inflation tests Fed path: Reuters poll
Business|Economy|Finance|Stock Markets|Technology

AlphaSense nearly doubles valuation to $7.5 billion in new funding round

Market intelligence platform AlphaSense said on Wednesday it has raised $350 million at a valuation of $7.5 billion, nearly double that of its funding round two years ago.

AlphaSense nearly doubles valuation to $7.5 billion in new funding round
Business|Crime|Economy|Health|Political

Indonesia arrests officials over alleged corruption in free meals programme

Indonesian authorities arrested the recently dismissed head of an agency overseeing President Prabowo Subianto's flagship free meals programme on

Indonesia arrests officials over alleged corruption in free meals programme
Business|Economy|Finance|Stock Markets|World

Yen hovers near 160 level, prompting warnings from Japanese officials

Underlying dollar strength pushed the Japanese yen back to the key 160 level on Wednesday, prompting verbal warnings from

Yen hovers near 160 level, prompting warnings from Japanese officials
Business|Economy|Europe|World

Switzerland rejects findings of U.S. forced labour investigation

The Swiss government on Wednesday rejected U.S. findings on how dozens of economies, including Switzerland, deal with goods produced by forced labour, a probe that prompted

Switzerland rejects findings of U.S. forced labour investigation
Business|Economy|Environment|Europe|Finance|World

EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says

European automotive, construction, metals, chemicals and transport sectors could lose up to 1.3 million jobs this year as a result of a surge in energy prices caused by

EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says