Trump trade chief says US wants balanced trade, not change to China’s system
US Trade Representative Jamieson Greer wants key meeting in Beijing to help ‘achieve more balance’ economically between the two countries
· Dewey Sim
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Newest first · UTC+11:00Biofuels could ease our energy woes. But the industry says it needs a mandate
The industry says ethanol is the easiest biofuel to use as it is already in the Australian market. (ABC News: John Gunn)
· Daniel Ziffer
Laura Fernández sworn in as Costa Rica president, keeping Rodrigo Chaves in 2 powerful posts
SAN JOSE, Costa Rica (AP) — Laura Fernández was sworn in Friday as president of Costa Rica alongside her predecessor, outgoing President Rodrigo Chaves, an ally of U.S. President Donald Trump who will be serving dual roles as her mi nisters of the presidency and finance.
Homebuyers, sellers growing cautious over increasing mortage rates
The spring housing season hit a speed bump this week as rising mortgage rates and global economic uncertainty prompted both buyers and sellers to retreat.
· Realtor.com
Russia, Ukraine trade attacks ahead of Kremlin's WWII celebrations
KYIV — Russia and Ukraine traded attacks Friday, with a two-day unilateral ceasefire that Moscow had declared around its World War II commemorations appearing to be in tatters.
· Agence France-Presse
Another SoCal city aims to ban self-checkout lanes, following moves in Long Beach and Costa Mesa
California shoppers may soon find there’s no such thing as a quick getaway from the grocery store.
· Kevin Barr
OnlyFans to sell 16% stake to Architect Capital at $3B valuation
OnlyFans announced Friday that it reached a deal to sell a roughly 16% stake to Architect Capital that values the porn streaming site at $3.15 billion, after the Silicon Valley investment firm struggled to clinch backers.
· Taylor Herzlich
Chapter 11 Bankruptcy Filings Increase 42%
Authored by Naveen Athrappully via The Epoch Times,
· Tyler Durden
NFL set to release its regular-season schedule on Thursday
A general view of Lincoln Financial Field during the second half of an NFL football game between the Philadelphia Eagles and the Arizona Cardinals, Sunday, Oct. 8, 2017, in Philadelphia. (AP Photo/Michael Perez, File)
Japan-made EVs at risk of losing EU subsidies under content proposal
European Union legislation aims to promote decarbonization in the bloc's industry, partly by adding "Made in Europe" content requirements for subsidy eligibility. © Reuters
· Staff Writer
Jane Street, one of Wall Street’s most secretive firms, hauled in whopping $16B in trading revenue — here’s how
Jane Street pulled in a record haul of $16.1 billion in trading revenue for the first three months of the year, as the Wall Street market maker benefited from bouts of increased market volatility and a jump in the value of its stakes in top AI companies like Anthropic, according to people familiar with the matter.
· Reuters
The Iran war will not succeed in changing the underlying mindset that defines the UAE | The National
I have travelled to the UAE countless times, in various capacities – privately, as Austria’s foreign minister and later as my country’s chancellor. In recent years, I have spent about one week per month here, even establishing an office in Abu Dhabi. In many ways, it has become a second home.
· Sebastian Kurz
The Federal Reserve is quickly running out of reasons to cut interest rates
If the Federal Reserve still has any reasons to cut interest rates in the near future, they're getting harder and harder to find.
· Jeff Cox
Michael Burry says the market today feels like 'the last months of the 1999-2000 bubble'
Michael Burry of "Big Short" fame is warning that the stock market's fixation on artificial intelligence is beginning to resemble the final stages of the dot-com bubble.
· Yun Li
Intel Jumps To Record High On Deal To Make Chips For Apple, Following White House Pressure
Already looking like something right out of the dot com bubble, Intel stock soared even more moments ago, surging almost 20% and hitting a new all time high over $130 (it was trading at $80 a few days ago), after the WSJ reported that the White House-backed chipmaker has reached a preliminary agreement to manufactur…
· Tyler Durden
Tired of your paycheck disappearing? This course shows where your money’s going
TL;DR: The 2026 Personal Finance Essentials course makes sense of budgeting, credit, and investing — all for $29.99.
· StackCommerce
US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April
WASHINGTON — America’s employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war.
· Associated Press
US investors cite 3 ways Japanese equities can unlock more value
Pedestrians walk past a stock quotation board in Tokyo showing the Nikkei Stock Average's figure on May 7. © Reuters
· Staff Writer
Nintendo hiking Switch 2 prices by hefty amount — and still warns sales will fall next year
Nintendo’s annual profit surged 52% in the last fiscal year, lifted by solid sales of its Switch 2 machines and software, the company announced Friday.
· Associated Press
Vaccine Trade Returns? Moderna Working On Hantavirus Shot Sends Shares Higher
Moderna is out with timely news that it is working on early-stage research on vaccines targeting hantaviruses. The news comes as a Spanish woman has been hospitalized for a suspected infection, while a hantavirus cluster has ravaged a Dutch-flagged cruise ship, with five confirmed and three suspected cases of hantav…
· Tyler Durden
German sports car maker Porsche to cut 500 jobs
FRANKFURT, Germany — Porsche said Friday it will close three subsidiaries, including an EV battery developer, with the loss of more than 500 jobs, in the latest sign of strains for the German luxury auto manufacturer.
· Agence France-Presse
Rubio backs NATO in Rome as US-Italy tensions simmer
ROME — U.S. Secretary of State Marco Rubio declared himself "a strong supporter of NATO" after talks with Italian Prime Minister Giorgia Meloni on Friday, as political friction between the two allies brews.
· Hannah Roberts
Costco plots major California expansion as it announces new store openings
Costco is planning an expansion of its stores in California with two new stores set to open soon.
· Ross O'Keefe
NTT punts profit target by 3 years as Japan mobile unit Docomo struggles
NTT's mobile unit has faced customer attrition due to poor connectivity in urban areas. (Photo by Satoko Kawasaki)
· Staff Writer
OnlyFans Lures Outside Capital As Architect Capital And Billionaire Tag Team Deal
Nearly seven weeks after OnlyFans owner and billionaire Leonid Radvinsky died, and after months of reports that the sex-worker streaming platform was exploring a stake sale, the Financial Times reported Friday morning that San Francisco-based Architect Capital is preparing to buy a minority stake in the company.
· Tyler Durden
Suck now, plump later: People are ‘fat banking’ for future plastic surgery — but it’s risky
Cosmetic surgeons are increasingly fielding requests for “fat banking,” with patients planning for the future with a literal pound of flesh.
· Reda Wigle
Popular higher ed system ‘Canvas’ hacked, putting millions of students’ personal data at risk
A massive cyberattack that crippled the Canvas online learning platform as finals were getting underway at many universities could leave them scrambling for as long as a month — and expose the education software giant to major legal and financial fallout, cybersecurity experts told The Post.
· Ariel Zilber
IMF warns of systemic threat from AI
Artificial intelligence could make cyberattacks a systemic threat to global finance, the International Monetary Fund has warned, saying advanced models can help attackers exploit vulnerabilities faster than institutions can fix them.
· RT
Read Full Article at RT.com
Artificial intelligence could make cyberattacks a systemic threat to global finance, the International Monetary Fund has warned, saying advanced models can help attackers exploit vulnerabilities faster than institutions can fix them.
· RT
Below-target full-year growth now more likely
SLOWER-THAN-EXPECTED first-quarter growth has underlined expectations of a below-target outcome for 2026, with Fitch unit BMI revising its forecast to 4.2 percent from 4.7 percent and Bank of America (BofA) maintaining its markedly lower projection of 2.0 percent.
· The Manila Times
Lucky Strike snatched up local bowling alleys, raised prices to crazy heights in illegal monopoly, lawsuit alleges
Lucky Strike Entertainment is facing a new lawsuit accusing it of operating an illegal monopoly of bowling centers across the country – allegedly jacking up prices, pushing alcohol and gambling and tarnishing a cherished American pastime.
· Taylor Herzlich
Vietnam seeks deeper defense, trade ties with Sri Lanka
COLOMBO — Vietnam's President To Lam called for deeper defense and trade ties with Sri Lanka on Friday, noting the South Asian island's strategic position in the Indian Ocean.
· Agence France-Presse
Oil crisis sparks Japanese dash for corporate credit lines
Small and midsize Japanese manufacturers face a grim earnings outlook. (Photo by Kotaro Igarashi)
· Staff Writer
Oil crisis sparks Japanese dash for corporate credit lines
Small and midsize Japanese manufacturers face a grim earnings outlook. (Photo by Kotaro Igarashi)
· Staff Writer
SEC allows FPH to hold meet without elections
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· Nazylen Joy Mabanglo
DMCI net profit eases to P4.9B in 1st quarter
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· Nazylen Joy Mabanglo
AI is our servant, not our master
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· Deepayan Mohanty
PSALM: 3 firms to bid for Ilocos hydro plant
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· Ed Paolo Salting
Foreign reserves hit 15-month low in April
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· Giselle P. Jordan
PH, Vietnam reach deal for 1.5 million MT of rice
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· Giselle P. Jordan
PH, Indonesia sign nickel production partnership
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· Giselle P. Jordan
PEZA: Jan-April investment approvals up 72% to P109B
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· Chynna Grace Ong
Disasters keep doubling
FIRST, we got hit by a double whammy of Covid-19 and Pharmally. Second, we reel from the spillover ravages of the Iran war after waking up to find flood control grafters had robbed us of our taxes. Both pairs of calamities sank the economy to new lows that left everyone worse off, especially the poor. All disasters,…
· Ingming Aberia
Diesel prices down, gasoline up next week
DIESEL prices will go down, while gasoline prices could rise next week, mostly due to the global market reacting to a possible ceasefire between the US and Iran, local oil industry sources said on Friday.
· Ed Paolo Salting, Javier Joe Ismael
Palace hits back at VP Sara over 'attention seeker' remarks
MANILA, Philippines — Malacañang on Friday hit back at Vice President Sara Duterte after she criticized the President Ferdinand Marcos Jr.'s handling of unemployment and the economy.
· Catherine S. Valente
China solar panel maker Jinko to sell majority stake in US unit for $191m
Chinese solar and battery companies poured billions of dollars into setting up American factories to claim Biden-era tax credits. © Reuters
· PAK YIU
Beloved Hollywood restaurant 25 Degrees serves up searing take on city government in decision to close
A beloved burger joint inside Hollywood’s famed Roosevelt Hotel went off on the city in announcing its decision to close after more than two decades.
· Ross O'Keefe
Top 20 Global Concert Tours from Pollstar
The Top 20 Global Concert Tours ranks artists by average box office gross per city and includes the average ticket price for shows Worldwide. The list is based on data provided to the trade publication Pollstar by concert promoters and venue managers.
Hong Kong secures US$3.5 billion to fund Northern Metropolis and green projects
Global investors pile into city’s latest bond sale, with orders 8.6 times oversubscribed, backing its green finance ambitions
· Julie Zhang