News

Robinhood shares drop after the online brokerage fails to get the nod to join the S&P 500

Investors were left disappointed after the S&P Dow Jones Indices said Friday the S&P 500 would remain unchanged.

Job market is 'trash' right now, career coach says — here's why

Employers are reluctant to hire in an uncertain economy, making it hard for job seekers to land new gigs.

UK finance watchdog teams up with Nvidia to let banks experiment with AI

The initiative is designed for financial services firms in the "discovery and experiment phase" with AI, the Financial Conduct Authority said.

When it comes to saving, Gen Z asks: 'What’s the point?' That's dangerous, expert says

Young adults are feeling disillusioned about their economic prospects. That malaise can be dangerous, experts said.

Swiss government proposes tough new capital rules in major blow to UBS

The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital.

Why millions of Americans would lose health insurance under House GOP megabill

With the Senate poised to consider the One Big Beautiful Bill Act, here's who may be vulnerable to health care coverage losses if the legislation passes.

Long-awaited Trump-Xi call isn't enough to resolve looming critical mineral shortage this summer

A high-stakes U.S.-China call has yet to resolve a metals shortage that businesses say could halt production of cars and other industrial parts this summer.

It's not just AI — China's quickly gaining an edge over the U.S. in biotech

For all the attention on U.S.-China AI competition, new studies point to China's rapid rise in biotechnology, especially for drug and agricultural development.

Trump says 'extremely hard' to make a deal with China's Xi Jinping as trade talks stall

The two countries have blamed each other for violating a trade agreement reached in Switzerland on May 12.

Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy

Cook expressed concern Tuesday with the progress on inflation, saying recent lower readings could reverse.

Klarna takes on banks with debit card as it diversifies beyond buy now, pay later

The Swedish fintech has been trying to shift its image from "buy now, pay later" poster child to a more all-encompassing banking player.

'Fantasy math' masks tax bill's U.S. debt impact, GOP lawmaker said. What the deficit means for your money

The "One Big Beautiful Bill Act" would raise U.S. debt by more than $3 trillion over a decade, research finds, likely impacting consumer loans and bond prices.
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