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United States
Economy
U.S. producer prices decline 0.2 percent in May
Data reveals 4.8 percent decline in energy index and 0.1 percent decline in food prices
Logistics
U.S. trade deficit rises 8.7 percent to $74.6 billion in April
Exports saw a slight 0.8 percent increase to $263.7 billion with goods exports rising to $172.7 billion
Cars & Boats
Tesla CEO Elon Musk may leave if $56 billion package not approved, writes chairperson
Robyn Denholm recounts how Musk was instrumental in turning around Tesla’s fortunes
Economy
U.S. services sector expands in May on higher business activity, faster new orders growth: Report
Employment remains a challenge with the index contracting for the fifth time in six months
Economy
U.S. economic growth in Q1 revised down to 1.3 percent, but consumer spending stays strong
Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace
Banking & Finance
U.S. banks’ profits surge 79.5 percent to $64.2 billion in Q1 2024
Non-interest income of U.S. banks saw a 15.2 percent increase, up $10.3 billion
Economy
U.S. consumer confidence index climbs to 102.0 in May, but inflation concerns linger
Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April
Technology
Microsoft bets on AI-driven ‘Copilot+’ PCs to drive strong profit growth
Priced starting at $1,000, the Copilot+ PCs will begin shipping on June 18
Sustainability
Saudi Arabia’s Aramco inks three agreements with U.S. companies for lower-carbon energy solutions
Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions
Economy
U.S. manufacturing output falls 0.3 percent in April: Federal Reserve
Motor vehicle and parts output saw a 2 percent decline last month after increasing 2.8 percent in March
Sustainability
Number of people planning to buy EVs in U.S. declines to 24 percent: Study
24 percent of Gen Z and 32 percent of Gen Y shoppers say they are 'very likely' to consider an EV
Economy
Brazil hikes 2024 GDP projection to 2.5 percent, sees inflation reaching 3.2 percent in 2025
The projected inflation rate for 2024 has been revised upwards to 3.70 percent
Energy
2.5 million barrel drop in U.S. crude, 235,000 barrel gasoline drawdown as refining, demand rise: EIA
Gasoline product supplied last week was 8.9 million bpd, up slightly from the previous week
Economy
U.S. small business sentiment recovers in April after hitting 12-year low in March
Inflation remains the most important concern when operating a small business in the U.S.
Logistics
Qatar, U.S. trade exchange rises to $6.47 billion in 2023
Qatar, U.S. seek to enhance cooperation in the commercial, investment and industrial sectors
Technology
OpenAI takes ChatGPT to new heights with GPT-4o
The company's latest model revolutionizes ChatGPT, offering unprecedented capabilities
Sustainability
UN body adopts human rights protections for carbon market mechanism
The move seeks to empower vulnerable communities and individuals
Technology
Microsoft to commit $2.2 billion investment for cloud, AI services in Malaysia
The move will strengthen Malaysia's global AI development support
Economy
U.S. labor market remains tight, productivity marginally grows 0.3 percent in Q1
28 percent monthly decline in layoffs bodes well for U.S. labor market
Economy
U.S. inflation rises to 2.7 percent in March, Fed likely to hold rates next week
The central bank has kept interest rates at 5.25 to 5.50 percent since July 2023
Technology
Google-parent Alphabet announces first-ever dividend of 20 cents per share, $70 billion stock buyback
Company's revenue reached $80.54 billion, exceeding estimates of $78.59 billion
Technology
Microsoft revenues rise 17 percent to $61.9 billion on increased AI investment
4 percent rise in shares increases company's stock market value by $128 billion
Economy
U.S. economy grows 1.6 percent in Q1, slowest in nearly two years
Decline in government spending contributes to moderation in U.S. economic activity
Markets
Nasdaq revenues surge 22 percent to $1.12 billion on strong demand for fintech products
Revenues from fintech unit surged 71 percent to $392 million
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