Wall Street Backs Los Angeles Wildfire Lawsuits, Chasing Billions
(Bloomberg) — The Los Angeles wildfires have generated potentially thousands of new clients for lawyers and prospects for…
Trump Tax Bill Hits Senate as GOP Torn by Competing Demands
(Bloomberg) — Senate Majority Leader John Thune is rushing to meet President Donald Trump’s July 4 deadline for…
Senate tweaks Trump tax bill in bid to court Republican holdouts
(Bloomberg) — Senate Republicans unveiled a new version of their $4.2 trillion tax cut package that adjusts key…
Von Der Leyen Says EU Will Be Ready If US Trade Talks Break Down
Detailed discussions with the US are taking place on both tariffs and non-tariff barriers, as well as on…
Why Is The Wall Street Worried About The New Socialist Mayor Of New York, Zohran Mamdani?
Despite ideological divides, Mamdani’s grassroots campaign has gained traction across class and racial lines, bolstered by a savvy…
Musk Confidant Afshar Exits Tesla in Latest High-Level Departure
(Bloomberg) — Omead Afshar, a powerful executive at Tesla Inc. (TSLA) and one of Elon Musk’s closest confidants,…
US New-Home Sales Drop by Most Since 2022 on Poor Affordability
(Bloomberg) — US purchases of new homes fell in May by the most in almost three years as…
Most Hawkish BOJ Member Flags Rate Hike Risk as Inflation Gains
(Bloomberg) — The Bank of Japan’s (8301.T) most hawkish member said it may be necessary to raise interest…
Australia’s Monthly CPI Cools, Cementing July Rate-Cut Case
(Bloomberg) — A gauge of Australia’s monthly inflation cooled faster than anticipated in May, moving close to the…
Goldman and Citi See Europe’s Economy Powering Stock Rally
(Bloomberg) — The perils of trade and geopolitics will only slow the rally in European stocks rather than…
European Banks Face Profit Hit in S&P Trade War Stress Test
(Bloomberg) — European banks would see their profits eroded if an escalation of trade tensions with the US…
Israel Accuses Iran of Breaching Truce Trump Said Was in Effect
(Bloomberg) — Israel has accused Iran of breaching a ceasefire announced by US President Donald Trump earlier Tuesday…