Trump-Xi summit: trade, Taiwan, AI talks in focus; major breakthroughs unlikely
US President Donald Trump is set to meet Chinese President Xi Jinping in Beijing next week in the first visit by a US leader to China in almost a decade,…
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Category: Business
US jobless claims rise less than expected despite ongoing layoffs
The number of Americans filing new claims for unemployment benefits rose modestly last week, underscoring continued resilience in the US labor market despite ongoing layoffs in the technology sector and…
US jobs report beats forecasts in April as unemployment holds steady at 4.3%
The US labour market delivered stronger-than-expected job growth in April, signalling continued resilience despite mounting concerns over trade tensions, artificial intelligence-driven job cuts and rising energy costs. Data released by…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way. BATTLES IN GENERALI AND MEDIOBANCA…
Markets may be repeating the mistake of 2019, Goldman Sachs warns
Investing.com — Markets may be ignoring an important lesson of 2019, according to Goldman Sachs. The Wall Street bank said in a note that the upcoming January Federal Open Market…
How Italy’s MPS went from near collapse to bid for revered merchant bank
By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s…
Thermos recalls 8.2 million bottles after stoppers eject, causing injury and reported vision loss
Thermos is recalling 8.2 million containers after consumers suffered laceration injuries — and in some cases reported permanent vision loss — when stoppers forcefully ejected from the products and struck…
The Onion’s bid to take over Alex Jones’ Infowars is in limbo as new court battles emerge
AUSTIN, Texas — The Onion’s plan to take over the Infowars platforms that Alex Jones built into a bullhorn of conspiracy theories and turn them into parody sites was in…
Build-A-Bear recalls roughly 36,000 Heart-Warming Hugs Bears
Roughly 36,000 Heartwarming Hugs Bears, a stuffed animal manufactured by Build-A-Bear, are being recalled due to a zipper detaching from the bear’s pouch. Subscribe to read this story ad-free Get…