Business News
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Opening of Canada-US bridge that Trump threatened to block is delayed over unresolved 'issues'
The opening of a Canadian-U.S. bridge across the Detroit River, which President Donald Trump had previously threatened to block, has been delayed due to unresolved issues
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Argentina's inflation slows to 8-month low in a boost for President Milei
Economic data has shown Argentina’s inflation slowing for the second straight month in May
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US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again
U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening
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{S&P 500 rallies 1.8% for its biggest gain in 2 months on hopes for a US-Iran deal to get oil flowing again} (CORRECTS: A previous APNewsAlert erroneously reported the percentage change as 1.7%.})
{S&P 500 rallies 1.8% for its biggest gain in 2 months on hopes for a US-Iran deal to get oil flowing again} (CORRECTS: A previous APNewsAlert erroneously reported the percentage change as 1.7%.})
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UK defense secretary resigns, saying the government isn't willing to spend enough on the military
U.K. Defense Secretary John Healey has resigned, saying the government is not willing to spend enough on the military at a time of rising threats
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Anthropic announces 'Claude Corps' to teach nonprofits to use AI more effectively
Anthropic will donate $150 million to launch a fellowship program called Claude Corps that plans to help nonprofits effectively use artificial intelligence by embedding 1,000 trained fellows in various organizations for a year
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Melania Trump unveils a spinoff of Trump Accounts for children in foster care
First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts, designed to help foster children
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Trump says he's called off new military strikes on Iran hours after threatening to escalate 3-month-old war
Trump says he's called off new military strikes on Iran hours after threatening to escalate 3-month-old war
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Average US long-term mortgage rate rises to 6.52%, just below its high for the year
The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started
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US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices
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