Inflation watch: Wholesale prices rose 0.2% in December, less than expected
The producer price index was expected to increase 0.4% in December, according to the Dow Jones consensus estimate.
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JPMorgan Chase exec Daniel Pinto, longtime No. 2 to Jamie Dimon, will step down in June
Pinto has worked at JPMorgan and a predecessor firm for more than four decades.
Southwest Airlines pauses corporate hiring, most summer internships to cut costs
Southwest had been under pressure from activist Elliott Investment Management to increase returns.
Stocks making the biggest moves premarket: KB Home, Signet Jewelers, Teladoc, Applied Digital & more
These are the stocks posting the largest moves in premarket trading.
Klarna scores global payment deal with Stripe to expand reach ahead of blockbuster U.S. IPO
The deal will let Klarna offer its popular buy now, pay later plans to merchants using Stripe’s payment tools in 26 countries.
Google faces first major probe under UK’s tough new antitrust rules
Britain’s competition watchdog said Tuesday that it’s opening a formal antitrust investigation into Google’s search and search advertising business.
June 1, 2024 – Israel-Gaza news
President Joe Biden has laid out a three-phase proposal to end the conflict in Gaza, as global condemnation of Israel’s offensive in Rafah grows.
The UK wants to do its ‘own thing’ on AI regulation, suggesting a divergence from U.S. and EU
A U.K. government minister told CNBC it’s important for the U.K. to “do our own thing” when it comes to regulating powerful artificial intelligence models.
Trump is fixated on Greenland — a vast Arctic island with massive resource potential
Mining executives and researchers describe the island’s massive resource potential as an “enormous opportunity.”
China’s electric car boom is expected to slow down in 2025
China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive.