Author: Daniel snow

[ad_1] Jerome Powell, chair of the U.S. Federal Reserve, during the Society For Advancing Business Editing and Writing annual conference in Arlington, Virginia, on April 4, 2025.Tierney L. Cross | Bloomberg | Getty ImagesFederal Reserve Chairman Jerome Powell told Princeton graduates to “guard” their integrity amid a flurry of criticism from U.S. President Donald Trump.Powell addressed Princeton’s Class of 2025 on May 25 and shared a series of advice including the biggest career mistakes graduates can make and, toward the end of his speech, he encouraged graduates to maintain their honor and respect.”I have one last key point. Your life…

[ad_1] An employee stands at a blast furnace in North Rhine-Westphalia, Duisburg, Germany.Picture Alliance | Picture Alliance | Getty ImagesU.S. tariffs entered the spotlight once again in Europe on Wednesday as U.S. President Donald Trump’s 50% levy on steel and aluminum imports to the U.S. came into effect.Announced last week and signed by Trump on Tuesday, the order doubles tariffs from 25% to 50% on all metals imports to the U.S., with the president stating that the move will protect the U.S. steel industry amid a flood of cheaper foreign steel imports and weaker global demand.Canada and Mexico are the biggest…

[ad_1] Donald Trump said Wednesday that China’s President Xi Jinping was “extremely hard” to make a deal with, at a time when the White House has been suggesting the two leaders could talk this week amid a rise in trade tensions.”I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!,” the U.S. president wrote on Truth Social.That post on the social media platform came after a senior White House official told CNBC on Monday that Trump and Xi were likely to speak this week.Chinese Foreign Minister Wang Yi told the new…

[ad_1] Electric vehicles outside a Tesla dealership in Melbourne on April 19, 2023.William West | AFP | Getty ImagesTesla may be facing declining sales in the U.S. and Europe, but it reported a bright spot in Australia — where its electric vehicle sales rebounded to their highest level in nearly 12 months in May.The American EV maker said Tuesday that its vehicle sales jumped to 3,897, primarily driven by record sales of its recently revamped Model Y compact sport utility vehicle. Australian sales of the Model Y soared 122.5% year over year, while sales of the company’s Model 3 dropped significantly. Total…

[ad_1] What happened in Russia can happen in the United States — or anywhere else. [ad_2] Source link

[ad_1] Japan must pursue payment innovation as society becomes cash-less, BOJ official says [ad_2] Source link

[ad_1] Asia FX muted, dollar steady with focus on Trump-Xi call; S.Korean won firms [ad_2] Source link

[ad_1] Stock-market weakness in the first quarter of 2025 knocked some retirement investors out of the millionaires club, but it didn’t stop workers from saving. [ad_2] Source link

[ad_1] The Toyota Industries Corp. logo at the company’s Nagakusa plant in Obu, Aichi Prefecture, Japan.Bloomberg | Bloomberg | Getty ImagesShares of Toyota Industries slumped as much as 13% Wednesday, after Toyota Group’s reported 4.7 trillion yen ($33 billion) deal to take the company private.That includes a tender offer of $26 billion for shares of Toyota Industries at 16,300 yen apiece, according to Reuters, sharply lower than 18,400 yen on Tuesday before the deal was announced.Toyota Group will create a new holding company for the deal, with the group’s real estate arm Toyota Fudosan investing about 180 billion yen, while Toyota Motor Chairman Akio Toyoda will invest 1 billion yen. Toyota Motor…

[ad_1] CrowdStrike on Tuesday evening reported quarterly beats on many of the key metrics that investors focus on. However, it also delivered mixed guidance. As a result, we’re not surprised to see some profit-taking in after-hours trading, following Tuesday’s record-high close of nearly $489 per share. Revenue in the fiscal 2026 first quarter increased 20% year over year to $1.1 billion, landing right in line with estimates, according to LSEG. Growth was seen in all major geographic regions. Adjusted earnings per share (EPS) declined 8% annually to 73-cents in the three months ended April 30, but that was ahead of…