Retail had a ‘surprisingly robust’ first quarter, but the real test is ahead as tax refunds dry up
The retail industry saw strong first-quarter sales and profits, but high tax refunds and buy now, pay later helped mask underlying consumer weakness.
Fed’s Powell warns Trump’s political ‘stress test’ will wreck public trust in central bank
Jerome Powell said White House pressure on the Fed will damage public trust in the U.S. central bank.
Trump hits out at ‘chirping’ critics as Iran peace talks enter new month at impasse
Trump’s Truth Social post comes as air strikes between the U.S. and Iran resumed over the weekend.
SoftBank plans 75 billion euros of AI investments in France, as Europe struggles to catch up with U.S. and China
The Japanese tech giant plans to develop and operate 5 GW of AI data center capacity in France, with an initial 3.1 GW of facilities in the country’s north.
Nvidia-backed $5 billion AI company tells CNBC it’s launching major expansion in London
Runway follows U.S. AI giants including Anthropic and OpenAI in announcing big London growth plans.
Nvidia picks Unitree for humanoid robot platform as Chinese startup eyes IPO
The U.S. chipmaker’s first publicly available humanoid robotics system will use humanoids from Chinese startup Unitree.
Nvidia jumps into PCs with new Arm-based chip debuting in laptops from Microsoft, Dell, HP
Nvidia CEO Jensen Huang unveiled a long-awaited Arm-based PC chip, breaking into PCs for the first time on new laptops by Dell, Microsoft, HP, ASUS and others.
China’s factory activity beats forecasts in May, private survey shows, despite softer official data
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Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes
Oil prices surged on Monday after Israel instructed troops to push deeper into Lebanon amid renewed clashes with the Iran-backed Hezbollah group.
Berkshire Hathaway makes $6.8 billion housing bet with Taylor Morrison deal
The acquisition marks one of the first major strategic deals under Warren Buffett’s successor Greg Abel, who took over as CEO in the beginning of 2026.