The European Central Bank announced that it would keep interest rates unchanged but may change by the next quarter.
Tags: Economy
Defaulted Venezuelan Bonds Have Climbed More Than 100% This Year As Traders Bet On Regime Change
Traders are increasingly buying defaulted Venezuelan bonds betting that regime change in the country will lead to a new investor-friendly government that will cut a deal to begin paying back the country's debt.
SoftBank Offloads Nvidia Stake for $5.8B, Trims T-Mobile Holdings to Fund $22.5B OpenAI Investment
SoftBank is divesting assets, including Nvidia and T-Mobile shares, to fund its $22.5 billion investment in OpenAI, highlighting its shift towards AI focus.
Bill Ackman's Bet on Beleaguered Hertz is Up 90% as Stock Jumps 35% After First Profits in Two Years
Bill Ackman's Pershing Square has bought over 15.2 million Hertz shares since Q4 2024, with profits exceeding 90% after the company reports its first profits in two years.
Warren Buffett's $107M Q2 Investment in Door Security Tech Company Allegion has Already Gained 20%
Berkshire Hathaway's Q2 investment in Allegion has yielded 20% profit, driven by global expansion, strong Q3 results, and effective tariff management, boosting investor confidence.
Latest News
The European Commission has re-elected its president, Ursula von der Leyen, for another five-year term. The continent is facing crises ranging from the war in Ukraine to climate change to migration to economic issues.
Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.
The United Kingdom’s Office of National Statistics released the latest economic figures, which revealed that the country’s economy grew by 0.4% in May.
Argentine President Javier Milei is expected to not attend the Mercosur summit in Paraguay this week and would instead head to Brazil to attend a rally organized by hard-right former president Jair Bolsonaro.
The United States, Japan, and South Korea have agreed to strengthen its cooperation on building more resilient supply chains and developing key technologies, particularly semiconductors, clean energy, cybersecurity, and critical minerals.
Bank of Thailand Governor Sethaput Suthiwartnarueput doubled down its opposition against the Thai government of PM Srettha Thavisin and its plan to give almost $14 billion in cash to almost all of its adult citizens.
Chinese Premier Li Qiang is in New Zealand for a three-day trip aimed at strengthening business and trade ties between the two countries.
The World Bank forecasts 2.6% global growth, driven by US strength, although there is over "slow" growth due to conflicts and debt burdens.
India’s ruling Bharatiya Janata Party narrowly won the 2024 general elections, forcing it to form a coalition and negotiate some economic policies in the near future.
