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The ECB is in a bind over rate hikes — the private sector could be doing the bank's job for it
BUSINESS

The ECB is in a bind over rate hikes — the private sector could be doing the bank's job for it

Market expectations that the European Central Bank will hike interest rates this year have already contributed to tighter financial and lending conditions.

CNBC·May 29, 2026
I was at the exclusive launch of Ferrari's new EV that sent the stock tumbling. But there may be light at the end of the tunnel
BUSINESS

I was at the exclusive launch of Ferrari's new EV that sent the stock tumbling. But there may be light at the end of the tunnel

Is there a "luce" at the end of the tunnel for Ferrari's first electric vehicle?

CNBC·May 29, 2026
EU to discuss potential restrictions on Chinese imports amid fears of overreliance
BUSINESS

EU to discuss potential restrictions on Chinese imports amid fears of overreliance

<p>Concerns among commissioners in bloc that surge in imports could lead to decline similar to that of US rust belt towns</p><p>EU commissioners will meet on Friday for crunch talks aimed at imposing new restrictions on imports from China amid <a href="https://www.theguardian.com/business/2026/may/2

The Guardian·May 28, 2026
More workers are raiding their 401(k)s as average balances fall, Fidelity says
BUSINESS

More workers are raiding their 401(k)s as average balances fall, Fidelity says

Retirement account balances sank at the start of 2026 amid market swings, according to Fidelity. At the same time, more savers tapped their accounts for cash.

CNBC·May 28, 2026
Four trade candidates, 16 offers, just one deal: W...
BUSINESS

Four trade candidates, 16 offers, just one deal: W...

We proposed trade offers for Keon Coleman, Cole Kmet, Anthony Richardson Sr. and Kayvon Thibodeaux. Could any of them be on the move?

ESPN·May 28, 2026
Nio shares jump 10% after releasing first flagship EV in more than two years
BUSINESS

Nio shares jump 10% after releasing first flagship EV in more than two years

Chinese electric car company Nio has launched two lower-priced brands in the last two years to broaden its customer base in a sluggish Chinese consumer market.

CNBC·May 28, 2026
LG Energy Solution&apos;s shares surge as much as 16% after landing major U.S. battery storage deal
BUSINESS

LG Energy Solution&apos;s shares surge as much as 16% after landing major U.S. battery storage deal

The deal comes as the South Korean battery company expands its energy storage systems business in the U.S.

CNBC·May 28, 2026
What Plunging Pork Prices Say About China’s Economy
BUSINESS

What Plunging Pork Prices Say About China’s Economy

A key measure of inflation in China, they hit a 16-year low, driven by anemic consumer spending and an oversupply of hogs.

NY Times·May 28, 2026
Google Security Engineer Arrested in Million-Dollar Polymarket Trading Scheme
BUSINESS

Google Security Engineer Arrested in Million-Dollar Polymarket Trading Scheme

According to federal prosecutors, Michele Spagnuolo made more than $1 million on the prediction market platform using confidential information about Google Search traffic.

Wired·May 27, 2026
All the news about Ferrari&#8217;s polarizing Luce EV
BUSINESS

All the news about Ferrari&#8217;s polarizing Luce EV

Ferrari fans don’t like the design of the new Luce EV, an electric four-door sedan that just doesn’t look like the Ferraris of old. It was designed with help from Jony Ive’s LoveFrom, but what worked for Ive at Apple isn’t working for Ferrari. The Luce’s launch immediately preceded a stock drop that

The Verge·May 27, 2026
Can the US and India repair ties over trade and China?
BUSINESS

Can the US and India repair ties over trade and China?

Rubio's visit to India comes as Washington seeks closer ties with New Delhi amid trade tensions and energy politics.

Al Jazeera·May 27, 2026
Low-income households face ‘remarkable’ rise in food insecurity in K-shaped economy: New York Fed
BUSINESS

Low-income households face ‘remarkable’ rise in food insecurity in K-shaped economy: New York Fed

The rising threat of food insecurity is partly why Americans feel worse off than ever before, according to research by the Federal Reserve Bank of New York.

CNBC·May 27, 2026
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