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There are a lot of unknowns about the outlook for the economy and interest rates, but Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming.

Momentum built around sleek showrooms, bold pricing and a dealer push that worries entrenched rivals.

The US added more than 1,000 new millionaires per day last year, with surging stocks driving the wealth increase, according to a new report from UBS.

China has attacked the Group of Seven nations for what it called interference in its internal affairs and chastised a top European official for criticizing Beijing’s rare earth and economic policies.

Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished.

Applications for US unemployment benefits ticked down last week, stabilizing near the highest levels in eight months.

The euro-zone’s economic prospects face “substantial” dangers that officials are struggling to assess, according to European Central Bank Governing Council member Fabio Panetta.

The president’s economic agenda is dragging down the dollar and making it more difficult for the US to finance its deficits.

Elon Musk’s artificial intelligence startup xAI is burning through $1 billion a month as the cost of building its advanced AI models races ahead of the limited revenues, according to people briefed on the company’s financials.

It will take months yet before the Federal Reserve can get a clear idea of how Trump administration policy changes will shape the US economy, making officials unlikely to consider a change to interest rates before September, according to economists surveyed by Bloomberg News.

Aufgrund der politischen Umwälzungen unter der Trump-Administration ziehen Unternehmen verstärkt Möglichkeiten außerhalb der USA in Betracht. Dies berichtet McKinsey-Chef Bob Sternfels.

Elon Musk’s artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of the $5 billion it has recently been trying to borrow from debt investors, according to information the company shared with investors who asked not to be identified because it is private.

Abundant supply means the conflict may not worry crude — at least for the time being.

Economists still expect the European Central Bank to lower interest rates one more time this year, even after policymakers signaled they’re in no rush to ease further.

The threat of inflation falling short of the European Central Bank’s 2% target is contained, Vice President Luis de Guindos told Reuters.

Multiple central banks are set to keep interest rates frozen in the coming week while continuing to gauge the impact of trade disruptions instigated by US President Donald Trump.

Open hostilities between Israel and Iran entered a fourth day on Monday with no sign of easing, stoking fears of a wider war in the oil-rich region.

President Donald Trump earned $57.7 million from token sales by the crypto firm he and his sons helped launch last year, according to his required federal financial disclosure forms.

The ominous trajectory of the US president’s tariff overhaul looms over the G-7 gathering.

Oil surged the most in more than three years after Israel carried out airstrikes against Iran, raising fears of a wider war in a region that accounts for a third of global crude production.

Israel killed Iran’s top generals in predawn attacks on Friday, paralyzing Tehran’s military decision making in what may prove to be the opening act of a prolonged war.

Israel hat in der Nacht auf Freitag den Iran angegriffen und dabei offenbar auch die Atomanlage Natans getroffen. Die Schäden sind unklar. Der Iran startete in der Folge zahlreiche Drohnen Richtung Israel, die abgefangen wurden. Israel startete daraufhin zu Mittag eine neue Angriffswelle. Erwartet wird eine starke Reaktion aus dem Iran, der die Angriffe als „Kriegserklärung“ wertete.

Saddled with the most loss-making industrial companies since 2001, Xi Jinping is trying to clean up his economy without triggering mass layoffs.

The European Union’s ambition to scale up nuclear energy as part of its 2050 climate neutrality goal will cost €241 billion ($280 billion), posing funding challenges, according to a draft document.

Czech President Petr Pavel called for the country to adopt the euro as a way to help trade and avoid being left out of key decisions made by members of the currency union.

The dollar fell to the weakest level in three years amid worries over US tariffs and the outlook for the US economy.

President Donald Trump said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies.