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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.

Inflation was tame in May but President Trump's tariff policy may cause consumer prices to rise noticeably heading into summer, economists said.

US Treasury Secretary Scott Bessent blamed Democrats for what he predicted will be another unusually large budget deficit this year.

The European Union believes trade negotiations with the US could extend beyond President Donald Trump’s July 9 deadline, even as the speed of the talks has increased over the past week.

Slovak Prime Minister Robert Fico threatened to block the European Union’s new sanctions package against the Kremlin unless the bloc comes up with a way to address the potential loss of Russian energy supplies.

Tensions in the US-Iran nuclear talks came to the fore as President Donald Trump voiced skepticism about an agreement, while Tehran raised the prospect of attacks on American bases.

Nvidia Corp. Chief Executive Officer Jensen Huang projected that Europe’s artificial-intelligence computing capacity will increase by a factor of ten over the next two years, with more than 20 so-called AI factories in the works.

President Donald Trump said a trade framework with China has been completed, with Beijing supplying rare earths and magnets “UP FRONT” and the US allowing Chinese students into its colleges and universities.