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Money

Elon Musk, CEO of Tesla and SpaceX, as well as a senior advisor to U.S. President Donald Trump, told CBS News that he was "disappointed" by the large amount of spending in the "One Big Beautiful Bill" legislation Trump has promoted and the Republican-led U.S. Congress is attempting to pass.

Musk 'Disappointed' With Trump's 'Big Beautiful Bill' Spending

16 hours ago16 hours ago

France Arrests 24 in Crypto Kidnapping Cases

17 hours ago17 hrs

China, ASEAN, Arab States Hold First Summit Amid US Tariff Pressures

21 hours ago21 hrs

Hudson's Bay to Cut Over 8,300 Jobs by June 1

21 hours ago21 hrs

New Zealand Cuts Rates by 25 Points

22 hours ago22 hrs

Finance

The U.S. Treasury Department said in a statement on Thursday that its in-house coin producer, the U.S. Mint, will end the manufacturing of the penny — the lowest-denomination unit of American currency — by early next year when a final order of blank templates placed this month runs out.

US Treasury to Phase Out the Penny

5 days ago5 days ago

Trump Hosts Crypto Dinner for Top $TRUMP Coin Investors

5 days ago5 days

UK Consumers to Get £70 in Landmark Mastercard Settlement

7 days ago7 days

Denmark Sets Europe's Highest Retirement Age at 70

6 days ago6 days

Musk Pledges Tesla Leadership While Scaling Back Political Role

Industries

Chinese e-commerce giant PDD Holdings reported a 47% drop in Q1 profit to 14.74 billion yuan ($2.05 billion), while its U.S.-listed shares fell more than 13% following the announcement on Tuesday.

Temu Owner PDD's Profits Plunge Amid US-China Trade Tensions

1 day ago1 day ago

Supreme Court Rejects Apache Appeal on Sacred Land Mining

Nike Announces Price Hikes

6 days ago6 days

Volvo Cars Cuts 3,000 Jobs

EU Plans €2 Fee on Small Packages in E-Commerce Shift

Economic conditions & trends

The International Monetary Fund (IMF) has raised its 2025 UK growth forecast to 1.2% from 1.1% within the Concluding Statement of its Article IV Mission Tuesday, citing an economic recovery after GDP rose by 0.7% in Q1 this year, while maintaining its 2026 projection at 1.4%.

IMF Upgrades UK Growth But Warns of Trump Tariff Impact

22 hours ago22 hours ago

AMC Reports Record Revenues for Memorial Day Weekend

Trump Delays EU Tariff Hike After von der Leyen Call

2 days ago2 days

UK Unveils £3B Skills Program to Train 120,000 Workers

Trump Floats 50% Tariffs on EU, 25% on Apple

5 days ago5 days

Taxation

A federal judge Tuesday granted a temporary restraining order blocking the Trump administration from forcing New York to end its congestion pricing program, keeping the tolling system in place through at least June 9 and preventing federal retaliation against the state.

Judge Blocks Trump Bid to Kill NYC Congestion Pricing

1 day ago1 day ago

SKorea Bolsters Export Support Amid US Tariff Pressures

6 days ago6 days

Trump Visits Capitol Hill to Rally GOP Support for Tax and Spending Bill

Walmart to Slash Roughly 1,500 Jobs

6 days ago6 days

Walmart Warns of Tariff-Based Price Hikes