In a surprising move, India's central bank cut its benchmark interest rate to 5.5%, the lowest since August 2022. This decision, driven by softening inflation and lower growth, raises questions about future monetary policy as the economy adapts to global challenges.
Wells Fargo's recent victory in lifting the asset cap imposed by the Fed signals a turnaround for the bank, allowing for expansion in key areas. CEO Charlie Scharf celebrates this pivotal milestone as shares rise 2.7% in after-hours trading.
In a stunning upset, Texas Tech defeated Oklahoma in the Women's College World Series semifinal, marking the end of the Sooners' historic championship run and ushering in a new era defined by NIL deals.
A team of scientists has discovered a bizarre cosmic object, ASKAP J1832-0911, emitting radio waves every 44 minutes, challenging existing astrophysical theories and hinting at new physics.
Paramount Global has scheduled its annual shareholder meeting for July 2, signaling potential delays in its $8 billion merger with Skydance Media. With regulatory hurdles and a lawsuit from Donald Trump, the merger's future remains uncertain.
Asian shares saw a modest gain as investors eagerly await news on trade negotiations between Trump and Xi. Hong Kong stocks rebounded, while China shares fluctuated amid mixed manufacturing signals.
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.
In a nail-biting presidential runoff, conservative Karol Nawrocki edged out liberal candidate Rafał Trzaskowski, securing 50.89% of the votes. His victory signals a shift towards populism and nationalism in Poland's political landscape.
In a historic covert operation dubbed 'Spiderweb', Ukraine has reportedly destroyed or damaged nearly a third of Russia's strategic bomber fleet using innovative drone tactics. This bold move comes amidst failed peace talks and escalating conflict.
The upcoming iPhone 17 is rumored to feature a larger 6.3-inch display with a 120Hz refresh rate and always-on capability. This shift may influence Android manufacturers to follow Apple’s lead, marking a potential end to compact smartphones.
