Where’s all the inflation from the Trump trade wars? So far, the evidence really hasn’t shown up — but many economists say it’s coming soon, perhaps as soon as next week. #Inflation #finally #supposed #show #tariffrelated #increase #Fed #cut #interest #rates
Nigerian former President Muhammadu Buhari dies in London #Nigerian #President #Muhammadu #Buhari #dies #London
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UniCredit has attacked the Italian government’s intervention in its hostile takeover bid for rival Banco BPM, criticising its use of powers setting conditions for the deal as “illegitimate”. In a statement following an Italian court … Read more
Superman is flying high around the world, including nearly $125 million domestic, but China and South Korea seem to be box office Kryptonite for writer-director and DC Studios co-CEO James Gunn’s reboot of the DC superhero. First image reveal for the movie “Superman.” Source: DC Studios Superman By The Numbers Superman is expected to earn … Read more
A screen displays stock charts while a trader works at his post on the floor at the New York Stock ExchangeThomson Reuters William Shippey retired early after he began day trading with an inheritance. The 44-year-old said he deployed several strategies to amass around $800,000 in wealth. He hasn’t worked in two years and says … Read more
Submitted by QTR’s Fringe Finance On Thursday, shares of MP Materials surged over 50% after news broke that the U.S. Department of Defense would become the company’s largest shareholder. Through a $400 million purchase of special stock, the Pentagon has taken a 15% stake in the rare earth miner, securing long-term access to critical materials … Read more
The European Union will suspend retaliatory tariffs on goods from the United States that were scheduled to take effect on Monday. The EU hopes it can reach a trade deal with the Trump administration by the end of the month. “This is now the time for negotiations,” European Commission President Ursula von der Leyen told … Read more
After a 45-year career, this is the summer of John! Your first summer of freedom since you were a college student. I know you’ve got a long bucket list with faraway destinations begging to be crossed off. You’ve got a home that’s desperate for upgrades and a fresh coat of paint. Your grass is finally … Read more
Taiwan Semiconductor Manufacturing (TSM 0.24%) may not design artificial intelligence (AI) chips, but it’s a company that every AI chipmaker relies on. The AI giants rely on TSMC to manufacture their number-crunching chip designs. That’s why TSMC is the safest long-term play in the AI infrastructure space. Let’s look at what makes the company so … Read more
Tuesday’s consumer-price index report for June comes into sharp focus for the stock market this week. #Wheres #inflation #tariffs #stocks #earnings #rising #prices #June #CPI #deck