Trade tensions are 'bad for everybody,' says Bank of Korea governor
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Trade tensions are 'bad for everybody,' says Bank of Korea governor
"We will be affected directly by the U.S. tariffs [and] also indirectly by their tariffs to other countries," said Rhee Chang Yong.
Why gold became the safe haven of choice as U.S. Treasurys and dollar sold off
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Why gold became the safe haven of choice as U.S. Treasurys and dollar sold off
J.P. Morgan expects the yellow metal to average $3,675 per ounce by the fourth quarter of 2025, and reach $4,000 by the second quarter of 2026.
Tariffs will harm us all, European officials warn — with more work needed to reach a trade deal
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Tariffs will harm us all, European officials warn — with more work needed to reach a trade deal
European officials say they're optimistic a trade deal can be reached with President Donald Trump, warning of significant harm to both sides if it isn't.
Shares of Gucci-owner Kering drop 5% after first-quarter sales slump
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Shares of Gucci-owner Kering drop after first-quarter sales slump
Shares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead.
British fintech Revolut tops $1 billion in profit as revenue jumps 72%
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British fintech Revolut tops $1 billion in profit as revenue jumps 72%
Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.
World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn
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World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn
Norway's sovereign wealth fund on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector.
Fewer Americans are planning summer vacations. Travel costs aren't the top reason
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CNBC
Fewer Americans are planning summer vacations. Travel costs aren't the top reason
People who aren't planning to travel this summer say the cost of everyday life (68%) is a bigger issue than travel expenses (64%), according to a new survey.