Global markets navigated a mix of corporate restructuring, macroeconomic signals, and geopolitical tensions on Thursday, with Meta Platforms announcing fresh layoffs, Microsoft launching a large-scale buyout programme, KPMG cutting audit partners, US jobless claims edging higher, cryptocurrencies pulling back, and oil prices surging amid Strait of Hormuz tensions.Meta, Microsoft, KPMG…
British retail sales rose by 0.7% in March, offering a stronger-than-expected performance for the sector.The data marks one of the first official indicators of how the retail industry is responding after the start of the Iran war, which has pushed up fuel prices and raised concerns about broader inflation and…
“What is said in the room stays in the room.” That’s the unwritten rule of diplomatic talks.But the US President has a different approach. He posts about it. A lot.In the past two weeks, as American and Iranian delegations worked through Pakistani mediators to put a formal peace framework in…
US prosecutors have dropped their criminal investigation into Federal Reserve Chair Jerome Powell, a move that could ease the path for the Senate to confirm Kevin Warsh as the next head of the Federal Reserve.Jeanine Pirro, the US attorney for the District of Columbia, said on Friday that she had…
US consumer sentiment fell sharply in April, hitting its lowest level in nearly four years as the ongoing conflict with Iran drove inflation concerns and weighed on household outlook.The University of Michigan’s Consumer Sentiment Index dropped to a final reading of 49.8 for the month, down from 53.3 in March.…
US President Donald Trump is dispatching envoys to Pakistan in a renewed push for talks with Iran, even as uncertainty persists over diplomatic progress. Google is deepening its artificial intelligence push with a multibillion-dollar investment in Anthropic, underscoring the intensifying race for computing infrastructure. Intel shares surged after stronger-than-expected earnings…
The European Union has partnered with financial institutions to launch the Global Green Bond Initiative Fund, aiming to mobilise up to €20 billion ($23.43 billion) in private capital for sustainable infrastructure projects in low- and middle-income countries.The initiative reflects the EU’s broader push to expand climate-focused financing while supporting economic…
Lucid Group stock price crashed to a record low this week, continuing a downtrend that has been going on for years. It plunged to a low of $6.27, bringing its market capitalization to $2 billion. So, will the downward trend continue ahead of its earnings report on May 5?Lucid Group…
Palantir stock price is stuck in a bear market after falling by over 32% from its highest point last year. PLTR was trading at $140 on Friday as investors wait for the upcoming earnings report, which will provide more color on its growth momentum and help to justify its valuation. The…
A year ago, Donald Trump called it Liberation Day. Today, 330,000 American businesses are filing to get their money back, and the President is on television telling them not to.The refund portal opened on April 20, 2026. By that point, the Supreme Court had already ruled 6-3 that Trump’s signature…