UBS shares spike after new capital regulations are proposed, stirring debate on the bank's future and competitiveness. How will this impact the Swiss financial landscape?
In a surprising turn of events, Trump is considering selling his Tesla following a heated feud with Elon Musk. The ongoing tensions raise questions about the future of both figures.
The US economy added only 139,000 jobs in May, showing signs of slowdown as businesses navigate uncertainty from the ongoing trade war. The unemployment rate remained steady at 4.2%, but federal job cuts raise concerns.
President Trump has doubled tariffs on imported steel and aluminum to 50%, igniting debates over rising costs for consumers and businesses. Meanwhile, aid operations in Gaza have been paused amid escalating violence.
Elon Musk criticizes Trump's 'Big Beautiful Bill' that could impact Tesla's EV tax credits while possibly benefiting his AI company, xAI. Could this mark a turning point for Musk's businesses?
The UK dodges a significant increase in steel and aluminium tariffs imposed by President Trump, maintaining the current rate of 25% while negotiations continue for a future trade agreement. Is this a win for British businesses?
In a surprising turn of events, Moonhub is shutting down despite initial reports of its acquisition by Salesforce. Only a portion of its team will join Salesforce, which is ramping up its AI strategies.
Private equity firm Roark Capital has acquired a majority stake in Dave's Hot Chicken, valuing the chain at nearly $1 billion. With plans to expand to 4,000 locations, the spicy chicken chain is set for explosive growth in the competitive fast food market.
The U.S. manufacturing sector contracted for the third straight month in May, raising concerns among industry leaders. New orders, production, and employment continue to decline, while prices for raw materials are on the rise, creating a challenging environment for manufacturers.
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