President Biden will sit for a high-profile ABC News interview and court voters in a key battleground state as his campaign tries to turn back a tide of doubts about his candidacy.
How 91 counts that once seemed poised to end his campaign instead made it stronger than ever.
German industrial production slumped in May as car manufacturing tailed off, after an uptick in the sector at the start of this year faded away.
Oil prices were on track for weekly gains on signs of strong demand over the summer and hopes that the U.S. central bank will cut interest rates soon.
Base metals and gold prices were higher as investor attention turned to the nonfarm payrolls report which will provide further insight into the U.S. economy.
The FTSE 100 rose 0.4%, led by housebuilding shares, after the U.K. Labour Party won a widely-anticipated landslide victory in the general election.
The dollar fell to a three-week low ahead of nonfarm payrolls data that could influence expectations for when the Federal Reserve might start cutting interest rate.
The market’s renewed focus on public finances favors government bonds of more fiscally resilient countries in the eurozone, Generali Investments said, and recommends overweighting for example Portugal and Ireland.
Shell expects to book up to $2 billion in post-tax impairments, denting second-quarter profits, while trading in its core gas division is set to fall on quarter.
China’s central bank has signed agreements with major brokers to borrow “hundreds of billions” of yuan worth of government bonds, a move analysts say is likely aimed at stabilizing plummeting long-term bond yields.
Samsung said second-quarter earnings surged, indicating its flagship semiconductor business sustained a strong recovery after a turnaround in the first quarter.
Saks Fifth Avenue’s parent company sealed a $2.65 billion deal to buy rival Neiman Marcus, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers.
Global stocks rose, while U.S. index futures were mixed after the S&P 500 and Nasdaq closed at records Wednesday. U.S. stock and bond markets were closed for the Independence Day holiday.
The EU confirmed plans to impose additional tariffs on electric cars made in China, dashing hopes of a solution sought by several carmakers whose executives fear reprisal from an escalating trade war.
New-car prices in the U.S. are on track to drop this year for the first time in more than a decade, but many buyers are stretched as higher interest rates increase financing costs.
An investor group seeking to buy Macy’s raised its offer for a second time after previous bids failed to clinch a deal for the beleaguered department-store chain.
Rheinmetall and Leonardo teamed up to bid for future Italian government contracts for hundreds of armored vehicles, valued at up to the equivalent of $21.5 billion.
Britain’s Labour Party was on course to win a landslide election victory, according to an exit poll published Thursday night, as voters appeared set to hand its leader, Keir Starmer, one of the biggest parliamentary majorities in British history.
Some top players in Hollywood’s reliably Democratic donor class are looking to replace Biden as the party’s candidate, and other moneyed benefactors are divided about the president’s capacities and prospects.
American students have been slow to return to China since Beijing ended its strict Covid restrictions in late 2022, deterred in part by a State Department travel warning.
Reformist candidate Masoud Pezeshkian goes into Iran’s presidential-election runoff with a slight edge against conservative Saeed Jalili as they vie to succeed the late Ebrahim Raisi.
Biden pressedNetanyahu to hammer out a Gaza cease-fire deal, telling the Israeli prime minister in a phone call on that now is the time to save the lives of hostages held by Hamas.
Biden is entering a crucial stretch in which he needs to demonstrate to Americans that he has the capacity to serve a second term and tamp down Democrats’ worries about his ability to defeat Trump in November’s election.
Canada approved a Glencore-led $9 billion deal to acquire coal assets from Teck Resources, after officials secured commitments from both companies about additional investment in the country.
Lufthansa got the EU’s conditional approval to buy a minority stake in ITA Airways, the Italian carrier formerly known as Alitalia.
