Oil Prices Fall as U.S. and Iran Edge Closer to Agreement 
NYT Business
Oil prices and stock markets fluctuated as investors assessed tentative signs of a pact to extend a cease-fire.
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S.E.C. Proposes to Kill Climate Change Disclosure Rule
The regulation would have required all publicly traded companies to disclose whether they faced significant risks from climate change and its effects.
As the SpaceX Hype Machine Steamrolls Ahead, Wall Street Jumps Aboard NYT Business
Elon Musk and his bankers are working to create a self-fulfilling prophecy for the massive public offering: Make investors feel that the risks of passing it up outweigh those of buying into it.
The $900 Billion Giant: How Anthropic Got So Big, So Fast NYT Business
The artificial intelligence giant was just valued at $900 billion, surpassing OpenAI. Here are the numbers behind its rise — and headwinds it faces.
Treasuries Set for Best Week Since War Began as Oil Retreats 
Bloomberg Business
The US government bond market headed for its best week since the start of the US war on Iran as oil prices declined in anticipation of an agreement to end the conflict.
Nvidia is investing billions into this emerging technology that could change the AI industry 
CNBC Top News
Photonics is considered to be a more efficient alternative to the current process of transferring data using electricity, which could be crucial to the AI boom.
Trump lays out Iran deal demands, says he's about to make 'final determination' CNBC Top News
Trump's Truth Social statement left unclear which of his conditions are already part of a deal that negotiators are working on to pause the U.S.-Iran war.
Oil prices on track for steepest monthly fall since 2020 
The Guardian Business
Brent crude futures down 19% since end of April amid hopes of US-Iran peace deal, while stock markets rally Business live – latest updates Oil prices are on track for their biggest monthly fall since 2020, as investors hoped for an end to the US-Israel war on Iran. The price of Brent crude futures, the global benchmark, was down 1.3% on Friday at about $92 and 19% since the end of April. Continue reading...
Iceland’s Own Currency Costs Outweigh Benefits, Ministry Says Bloomberg Business
The drawbacks to Iceland from having its own currency likely exceed the benefits, the country’s Finance Ministry said, citing the conclusions of a government-commissioned report.
Nationwide customer seeking election to board hits out at lender for ‘unfair’ treatment The Guardian Business
James Sherwin-Smith says field tilted against him after decision to give members ‘quick vote’ against candidacy A Nationwide customer seeking election to the building society’s board has criticised the lender for “unfair” treatment and undermining democratic governance after it said it would tell members to vote against him. James Sherwin-Smith said Nationwide had tilted the field against him after it confirmed it would give members a default “quick vote” option that included a vote against his candidacy at the annual meeting in July. Continue reading...
Parents Should Start Saving for Child's Education 'at Birth', Says Tricia Scarlata Bloomberg Business
Tricia Scarlata, Head of Education Savings at JPMorgan Asset Management, discusses college investing, 529 day, and missed opportunities for families saving for college. (Source: Bloomberg)
Daniel Boulud's COVID-Era Bet Bloomberg Business
Five years after opening Le Pavillon during the height of COVID, Michelin-starred chef and Dinex Group Owner Daniel Boulud and SL Green CEO Marc Holliday joined Bloomberg Open Interest to talk about how luxury dining helped reinvent New York office real estate. They discuss the return-to-office boom, hospitality-driven workplaces, and why restaurants have become a key tool for attracting talent and premium tenants. (Source: Bloomberg)
Gap CEO Remains Bullish Despite Lowering Sales Outlook Bloomberg Business
Gap Inc. CEO Richard Dickson says the retailer delivered progress in the quarter, even after lowering its sales outlook. He says three out of their four brands are growing and they're raising the earnings outlook. Dickson speaks to Bloomberg's Lisa Abramowicz. (Source: Bloomberg)
Sky-High I.P.O. Pricing Isn’t Great for Real People NYT Business
When newly public companies have been valued as richly as SpaceX, OpenAI and Anthropic seem likely to be, the outlook for ordinary investors has been poor.
New Yorkers irritated by proliferation of London members’ clubs on their doorsteps The Guardian Business
Upper East Side residents fighting Maison Estelle’s plan for venue with roof terrace next to ‘nice townhouses’ The New York City elite are growing irritated by a proliferation of private members’ clubs from London’s Mayfair opening branches on their doorsteps. Over the last year, London clubs have started popping up like unexpected guests in the US city. The entrepreneur Robin Birley, who owns 5 Hertford Street – where Prince Harry and Meghan Markle reportedly had their first date – and Oswald’s in Mayfair, has opened Maxime’s on New York’s Upper East Side. The Grosvenor Square newcomer The Twenty Two has now opened its NYC outpost and others are swiftly following, including the Mayfair stalwart Annabel’s, which plans to open a site in the downtown meatpacking district. Continue reading...
Trump Clears Way for Companies to Avoid Taxes in Havens Including Malta and Cyprus NYT Business
U.S. companies skirted at least $40 billion in taxes since the beginning of 2025 thanks to schemes in places like Malta, Bermuda and Cyprus.
A City-Backed Grocery Store in Atlanta Offers a Model for Mamdani Bloomberg Business
Food prices have become the animating issue in one of New York City Mayor Zohran Mamdani’s signature policies: a plan to open city-owned grocery stores. Azalea Fresh Market's CEO Paul Nair joins Max Chafkin and Stacey Vanek Smith on the Everybody's Business podcast to discuss the popular city-backed grocery store in Atlanta and how it's serving as a model for Mamdani’s grocery store plan. (Source: Bloomberg)
US Paves Way for Onshore Crypto-Linked Perpetual Futures Bloomberg Business
The main US derivatives regulator said perpetual futures contracts for cryptocurrencies could trade on registered onshore platforms if they meet certain conditions, bringing to America a popular trading instrument that has until now existed almost entirely overseas.
Fed’s Bowman Says Too Soon to Judge Iran War Inflation Impact Bloomberg Business
Federal Reserve Vice Chair for Supervision Michelle Bowman said, “I would like to have more clarity on the economic impacts from the conflict in the Middle East and the durability of those effects,” and thinks it’s too soon to judge the inflationary impact from the Iran war. Bowman said Friday at a central banking conference in Iceland that that policymakers need to look through temporary price shocks. (Source: Bloomberg)
BlackRock Scales Back Equities After ‘Generational’ Earnings Bloomberg Business
BlackRock Inc. is trimming its bet on stocks across its $220 billion model-portfolio business as US equities surge to record highs following a strong earnings season.
Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty The Guardian Business
Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor says Business live – latest updates The Bank of England is in no rush to raise interest rates while the outcome of the Iran war remains uncertain and the UK’s growth rate stays weak, its governor, Andrew Bailey, has said. In a signal that borrowing costs will remain at 3.75% at least during the summer, Bailey said it was tolerable for inflation to stay above the Bank’s 2% target during the current crisis. However, that would change if a more permanent increase in prices began to take effect, he said. Continue reading...
EU’s Economic Powers Strike Deal to Push Capital Markets Merger Bloomberg Business
The European Union’s six largest economies have agreed on a plan to implement a bloc-wide capital markets union, reaching a collective stance they say will help spur the continent to action after years of delay.
Petra Begins Finsch Mine Rescue Plan Amid Diamond Market Slump Bloomberg Business
Petra Diamonds Ltd. is putting one of its two mines into a business restructuring process and is considering job cuts across the rest of the company, as falling diamond prices and a strong rand erode earnings and liquidity.
London tube strikes to go ahead on Tuesday and Thursday, RMT says The Guardian Business
Two 24-hour stoppages by drivers to take place next week as part of action over proposals for four-day week Strikes by drivers on London Underground next week will go ahead, the RMT union has announced, paving the way for more days of transport disruption. Two 24-hour stoppages are to take place, from 00.01 to 23.59 on Tuesday 2 June and Thursday 4 June, because of differences over a planned four-day week. Continue reading...
Fish prints and shapes have UK shoppers hooked this summer The Guardian Business
From sardines and sprats to crabs, marine life-themed fashion and homewares are making a splash Three years after declaring the death of florals , John Lewis has discovered a new print that is making a splash among shoppers. At the launch of its new high summer collection, the retailer said fish were quickly becoming its customers’ catch of the day. From sardines and sprats to crustaceans including crabs, its latest haul across fashion and homeware is rich in fish prints and shapes. Sales of starfish-shaped earrings are up 300% month on month, while high demand for a silky blue skirt smothered in shoals of fish has resulted in a waiting list. In homeware, sales of a set of glass tumblers that stack together to form the shape of a fish are up 400%, while a “gluggle jug” – a ceramic pitcher shaped like a fish that makes a gurgling sound as the water is poured – is becoming an outdoor dining essential. Sales of versions from Wade Pottery are up 129% month on month. Continue reading...
Ford Stock Set for Best Month Since Financial Crisis on AI Rally Bloomberg Business
Ford Motor Co. shares are set to record their best monthly gain in 17 years as the automaker’s newfound status as a possible beneficiary of the artificial intelligence boom sparked an investor frenzy.
HSBC’s Kettner Says Blowout Earnings Dim ‘Danger Zone’ Fears Bloomberg Business
Robust first-quarter corporate results, driven by technology megacaps, have provided fundamental support to the stock-market rally, dimming worries about elevated Treasury yields, according to HSBC Bank Plc’s Max Kettner.
Quarter of Big Oil Tankers Trapped by Iran War Have Escaped Bloomberg Business
Roughly one-quarter of the non-Iranian large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out in a slow, stealthy trickle.
Labour reports Farage’s alleged hack to security officials after he fails to do so The Guardian Business
Reform UK leader has claimed ‘hostile actors’ linked to Moscow accessed his data and leaked information on £5m gift UK politics live – latest updates Labour has reported the alleged hacking of Nigel Farage’s phone to police and government cybersecurity officials after the Reform UK leader failed to do so himself. The Labour chair, Anna Turley, has asked the Metropolitan police and the National Cyber Security Centre (NCSC) to investigate Farage’s claims that his phone was compromised by hostile actors linked to Russia. Continue reading...
Vietnam’s To Lam Says Military Power Alone Can’t Ensure Security Bloomberg Business
Vietnamese leader To Lam told a major Asian defense forum Friday that military power alone can’t ensure security, and called for the creation of mechanisms to actively prevent conflicts from spiraling.
Hungary President Signals He Won’t Resign in Challenge to Magyar Bloomberg Business
Hungarian President Tamas Sulyok signaled he has no intention of stepping down, setting the stage for a confrontation between the country’s new government and institutions still controlled by appointees of former leader Viktor Orban.
US Stocks Extend Rally on Peace Deal Hopes, AI Spending Optimism Bloomberg Business
US stocks rose on Friday, boosted by hopes of a peace deal between the US and Iran and expectations that spending on artificial intelligence will drive further gains in corporate earnings.
ECB Acting Too Late Can Be Costlier Than Acting Earlier, Radev Says Bloomberg Business
The European Central Bank should avoid waiting too long to address the fallout from the Iran war, according to Governing Council member Dimitar Radev.
What can the Dutch teach the UK about how to tackle the youth jobs crisis? The Guardian Business
The Netherlands has the lowest rate of young people not in education, employment or training in the EU A shock government-backed report this week warned of the danger of a “lost generation” of young people in Britain, as the number of 16- to 24-year-olds not in education, employment or training (Neets) rose to more than 1 million . According to official UK statistics , roughly 13.5% of young people are not in work or college. Among 18- to 24-year-olds the share rises to 15.8% – nearly one in six. Continue reading...
Shutterfly Kicks Off $1.9 Billion Junk Deal to Tackle Debt Pile Bloomberg Business
Shutterfly is looking to refinance its looming debt pile with $1.875 billion of new junk bonds and loans.
Chevron CEO Wirth on Oil Prices, Strait of Hormuz, Venezuela Bloomberg Business
Chevron Chairman & CEO Mike Wirth discusses the impact of the war in Iran on oil prices and global supplies, multiple attacks this week on vessels transiting the Strait of Hormuz, the company’s view on Venezuela, and potential oil and gasoline shortages. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Fire in train car near New York City’s Penn Station injures five and disrupts service The Guardian Business
Amtrak car caught fire in Hudson River tunnel resulting in overhead wire damage, according to New Jersey Transit A fire in a rail yard train car near New York’s Penn Station injured five people and disrupted service for many commuters early on Friday, authorities said. The fire resulted in train delays on the New Jersey Transit and Amtrak rail services into New York and briefly suspended Long Island Rail Road (LIRR) service, more than a week after a strike had shut down that system. Continue reading...
Asda strikes deal to use Ocado software for home deliveries from next year The Guardian Business
UK’s third biggest supermarket will use tech of online grocer, which already provides support for M&S and Morrisons Asda has agreed a deal to update its online grocery store and home deliveries from next year using technology from Ocado. Ocado software will be used to support Asda’s grocery website and deliveries from its stores and “dark stores” – smaller warehouses that are not open to the public – from early 2027, the companies announced on Friday. Continue reading...
Luka Doncic on Trying to Bring an N.B.A. Team to Rome NYT Business
The superstar is part of group that has bought a basketball team in Italy, with a plan to move the club to Rome in hopes of making it part of a new league.
Zambia Bonds Jump After 2053 Debt Buyback Tender Starts Bloomberg Business
Zambia started a cash tender offer to buy back its $1.36 billion bond due in 2053, becoming the latest African nation to repurchase outstanding debt as governments seek to reduce their servicing costs.
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