Tag: business news
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Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Bessent sees his “3-3-3” plan as still in reach — 3% growth, a 3% deficit-to-GDP rate, and a 3 million barrels per day increase in oil production.
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Trump claims Iran has assured U.S. there won’t be tolls on the Strait of Hormuz
There will be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz, Trump said.
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France suffers major power outage as Europe sizzles in record-breaking heat
A heat-related power outage left around 68,000 homes without electricity in western France as record-breaking heat sweeps Europe.
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BlackBerry has morphed into a ‘mission critical’ player in tech, making it a buy, says Stifel
The investment firm initiated coverage of BlackBerry with a buy rating.
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UK prime minister: An impossible job?
A country once known for political stability now looks almost ungovernable.
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Defense giant KNDS plans IPO in Paris and Frankfurt
KNDS plans to list shares in Paris and Frankfurt, with current shareholders expected to sell up to 20% of existing share capital.
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Morgan Stanley doubles China humanoid robot shipment forecast as commercialization accelerates
Morgan Stanley has sharply raised its outlook for China’s humanoid robotics market, as early commercial deployment in real-world scenarios accelerated.
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Three New York Democrats backed by Mamdani win House seat primaries; 2 incumbents lose
Two candidates backed by the Democratic Socialist of America won their primaries, a year after the DSA-backed Zohran Mamdani won New York mayor’s race.
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VIX owner Cboe jumps into prediction markets to build on zero-day options growth
Global markets operator Cboe has launched its first prediction markets products to meet consumer demand in the fast growing sector.
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The biggest wealth transfer in history is here: how the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs around the world who are set to inherit billions are preparing to use the money very differently from the generations that built it.
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