Finance news

Healthy Returns: Walmart, CVS step in to help seniors navigate Medicare coverage of obesity drugs

Medicare has started covering obesity drugs for the first time – and companies like Walmart and CVS Health are playing an important role for patients.

Protein-packed Cheerios and cat food: How General Mills plans to combat a tough spending backdrop

“Cat growth is on fire,” one executive said.

Ship runs aground in Strait of Hormuz, was not using Iran-approved route: Iranian state TV

A ship ran aground in the Strait of Hormuz while using a route not approved by Iran, state television in Tehran reported on Wednesday. The vessel was identified as a foreign container ship, with no other details. The report appeared aimed at underlining Tehran’s claims to control the strait, which the world has long considered an international waterway. A fifth of all oil and natural gas passed through it in peacetime. Since the US and Israel launched the war against Iran on February 28, Iran...

Federal Reserve issues initial findings from its 2025 triennial payments study

Federal Reserve issues initial findings from its 2025 triennial payments study

Social Security’s reality check — with a side of wishful thinking

How demographics and recent tax laws are squeezing Social Security.

Customs dispute: USA wants to change free trade agreements with Canada and Mexico

The USMCA agreement is actually intended to regulate duty-free trade between the three countries in North America. But Washington is dissatisfied and wants to review the rules annually in the future.

Customs dispute: USA does not want to extend USMCA free trade agreement

The USMCA agreement is actually intended to regulate duty-free trade between the USA, Mexico and Canada. But Washington is dissatisfied.

Sandisk’s and Micron’s stocks sink as the rotation trade builds, but supply shortages should limit losses

Most of Sandisk’s annual revenue could eventually come from its new business model contracts that provide better visibility, BofA said.

Inventors of Exit Puzzle Games: How did you manage to beat Monopoly, Brand family?

The Exit puzzle games have become a global board game classic, made in Germany. How a family continually presents the world with new puzzles.

Russian daredevils arrested for proposal stunt atop Empire State Building

A pair of Russian daredevil artists climbed to the top of the Empire State Building’s towering spire in New York on Wednesday to unfurl a large banner urging world peace in what appeared to be an elaborate marriage proposal that ended in their arrests. Dressed in ‌sleeveless black outfits and documenting their time in the sky on social media, Angela Nikolau and Vanya Beerkus hung onto the landmark skyscraper’s antenna spire near the glowing red light at its tip some 1,454 feet (443 metres) above

Sony as a pioneer: New Playstation games will no longer be on disc from 2028

Significantly more people are buying video games as downloads. Sony is now making a clear cut and wants to completely dispense with traditional discs on its Playstation. Not everyone likes that.

South Korea embraces 24-hour won trading in break with currency 'trauma'

Japan, UK, Italy to consider Canada as observer in fighter jet program

Kawasaki Heavy to raise over $1bn via new shares, bonds for AI investment

Japan to offer trade insurance on loan for Reliance's India solar, battery effort

Japan state lender JBIC's US financing soars as supply chain role grows

Japan's SMBC, others to loan up to $490m for India power grid development

Aflac Japan reports breach on 4.38 million customers, includes bank details

Delays and closures: Italian railway boss has to go

Things aren't going well on Italy's railways. Construction sites and breakdowns anger citizens. Transport Minister Salvini wants to appear capable of acting with the personnel castling at the state railway. But the causes lie elsewhere.

Russia’s Security and Trade Blocs Show Signs of Fracturing

The signs are multiplying that Vladimir Putin’s powers of coercion are rapidly fading, and his chief instruments of regional leverage are dissolving. Not only have Ukrainian drones put Russian forces on their heels in the two countries’ long-running conflict, but they are also threatening to tear apart the Collective Security Treaty Organization (CSTO), Moscow’s version of NATO. Meanwhile, the Kremlin’s failure to prevent the reelection of Putin’s nemesis in Armenia, Prime Minister Nikol Pashiny

U.S. won’t renew USMCA, opening door for negotiations with Canada and Mexico

President Donald Trump's "primary" issue with USMCA centers on America's trade deficits with Canada and Mexico, a senior administration official said.

+++ Ukraine War +++: Zelensky is still expecting a massive Russian attack on Ukraine today

Dead after Russian attacks on Odessa and Kharkiv +++ Zelenskyj: Companies in Europe work for Russia +++ Drone attacks cause Russian diesel exports to collapse +++ The news blog.

Pentagon’s push to field weapons faster risks outrunning its own oversight, watchdog finds

Workforce reductions meant that weapon systems reach warfighters with “undocumented shortfalls related to effectiveness, suitability, [and] survivability."

Trump administration's limits on student loan forgiveness program are blocked. What to know

Trump's policy that narrowed eligibility for a popular student loan forgiveness program will not go into effect, after two federal judges blocked the rule.

Inflation peaked in May as energy prices fell in June, Kalshi traders think

Speculators on the prediction market platform give less than 30% odds to inflation peaking above 4.2% in 2026.

ECB Forum in Sintra: Second interest rate hike? The ECB doesn't want to add more until after the summer break at the earliest

Interest rates are rising, inflation is falling - and the approach is more controversial in the ECB Council than it has been for a long time. The interest rate debate is being overshadowed by a new initiative that the banks dislike.

Highly dangerous disease: Ebola center in Congo burned down by residents

Around 400 people have now died in the outbreak in Central Africa. Doctors are often faced with more than just the virus.

The $20,000 new vehicle is all but extinct—what the most affordable new car looks like now

Why the $20,000 new car disappeared, and what budget-conscious buyers can expect today.

KKR Makes Largest Ever Clean Energy Investment With $4.2B EDF Purchase

Global investment firm KKR has agreed to acquire EDF Power Solutions North America in a landmark $4.2-billion deal, marking the largest single renewable energy investment in the company’s history. The purchase gives KKR immediate control of one of North America’s largest clean power portfolios, adding more than 5.6 gigawatts of operating wind, solar, and battery storage assets as investors race to secure electricity generation for AI data centers and other fast-growing sources of power demand. T

Stock-market bulls need Kevin Warsh on their side to keep winning, says Wall Street veteran Bob Doll

The “high-risk” bull market in stocks needs Federal Reserve Chair Kevin Warsh on its side, according to Bob Doll, CEO at Crossmark Global Investments.