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U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty
The central bank warned that geopolitical tensions are clouding the inflation outlookÂ
Apple partners with Intel to design and manufacture chips in U.S., says Trump
The partnership is expected to help Apple broaden its manufacturing network as it looks to secure additional chipmaking capacity
Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated
Eurostat data showed inflation accelerated across both the euro area and the European Union
Bank of Japan raises interest rates to 31-year high
The central bank raised its short-term policy rate to 1 percent from 0.75 percent, pushing borrowing costs to their highest level since 1995
U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent
Mixed signals from inflation and GDP leave policymakers balancing stability and weak momentumÂ
SpaceX to end IPO debut session with $2.4 trillion market cap
The expected market cap suggests that the SpaceX share price will likely finish today somewhere in the $175-$180 range
U.S. strategic petroleum reserve nears lowest level since 1983 amid global supply strain
The SPR continues to decline as geopolitical tensions and shipping disruptions pressure global energy securityÂ
May 2026 ranks second-warmest globally as rapid heatwaves, extreme weather cause disruptionsÂ
Europe transitions rapidly from below-average baseline temperatures to intense early-season heatwavesÂ
OpenAI files for U.S. IPO amid race to public markets among AI giants
The ChatGPT creator did not reveal the size or pricing of the proposed offering and said no timetable had been set
U.S. trade deficit narrows to $55.9 billion in April as exports surge to record high
U.S. exports rose 2.6 percent to a record $327.1 billion in April, driven by a 4.1 percent increase in goods exports
Japan initiates biggest budgetary reform since 1945 to eliminate structural reliance on supplementary spending packages
The reform directly addresses opposition and investor criticism regarding overly loose fiscal policiesÂ
