Economy

  • Russia cuts rates to 20% as ruble becomes world’s best-performing currency this year

  • Trump says Elon Musk has lost his mind, and he isn’t interesting in making up

  • India’s central bank surprises with ‘jumbo’ 50 basis point rate cut

  • Trump and Musk’s feud draws global reaction, billionaires take sides – Here’s who said what

  • Tesla plunges by 14% as public beef between Elon Musk and Trump escalates

  • Elon Musk to create a new party and run for office as Trump calls him “crazy” and “butthurt” over separation

  • Institutional investors turn bearish on the U.S. dollar

  • Trump says his relationship with Elon Musk is over – Elon responds with “whatever”

  • India and the U.S. hold talks ahead of interim tariff deal deadline

  • CBO says Trump’s Big Beautiful Bill adds $2.4 trillion to debt – GOP calls it a coordinated attack

  • Trump finally gets China’s Xi Jinping on the phone

  • Trump maintains Biden’s activist approach to Treasury issuance

  • China’s services sector grows despite trade war worries

  • Europe’s ECB cuts interest rates for the eighth time, bringing them down to 2%

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  • ONS admits UK’s inflation figures overstated due to data error

  • Citigroup plans to cut 3,500 tech roles in China as slowing economy hamstrings operations

  • IMF’s Gopinath says trade tensions pose greater threat to emerging markets than Covid

  • Senate confirms Trump supporter Michelle Bowman as Fed’s new Vice Chair for Supervision

  • EU caught between China’s push for closer ties and U.S. tariff talks

  • Eurozone set to expand as EU greenlights Bulgaria’s accession

  • New warnings shake global confidence in U.S. Treasury market

  • Options market prices in an S&P 500 snooze ahead of Friday’s jobs data