World Bank sharply cuts global growth outlook on trade turbulence
"This would mark the slowest rate of global growth since 2008, aside from outright global recessions," the World Bank said…
Category: Economy
Apple’s WWDC underwhelms on AI, but software gets biggest facelift in over a decade
Apple investors waiting for the company to make a big push in artificial intelligence didn't have much reason for excitement…
China consumer prices slump again, deepening deflation worries as demand stays weak
The economy got a relief after the U.S. and China struck a preliminary deal in Switzerland that led both sides…
China’s exports to the U.S. clock their sharpest drop in more than 5 years — down over 34% in May
U.S. and China struck a preliminary deal in Geneva, Switzerland, last month that led both sides to drop a majority…
UK finance watchdog teams up with Nvidia to let banks experiment with AI
The initiative is designed for financial services firms in the "discovery and experiment phase" with AI, the Financial Conduct Authority…
National Guard arrives in L.A. after Trump orders deployment to contain immigration protests
California Gov. Gavin Newsom said that Trump was being "purposefully inflammatory" in sending National Guard troops to L.A. ...
China and U.S. trade officials to hold talks in London
U.S. President Donald Trump's top trade officials are meeting with their Chinese counterparts in London on Monday for talks. ...
Morgan Stanley upgrades this mining stock as best pick to play rare earths
Rare earth elements at the center of the U.S.-China trade fight. They are crucial for electric vehicles and other advanced…
Tesla already had big problems. Then Musk went to battle with Trump
Tesla has spent much of the year dealing with struggling sales and a deteriorating brand. Now CEO Elon Musk has…