It’s Europe’s fourth big investigation into Google, and this time video-sharing site YouTube seems to be getting some special attention. The European Commission, the EU’s executive arm, announced last week that it had concerns that Google is favoring its own online display ad technology services, therefore potentially breaching antitrust rules in the EU. As part of the […] Read more
The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in releasing the results of its annual stress test, said all 23 institutions in the 2021 exam remained “well above” minimum required capital levels during a hypothetical economic downturn. Bank shares popped after […] Read more
The quickly tightening labor market could present a problem for financial markets in the medium term, according to Longview Economics CEO Chris Watling. Recent JOLTs data put U.S. job openings in April at a record 9.3 million, but this is running alongside persistent unemployment and subdued hiring rates. The most recent jobless claims data showed a surprise […] Read more
The Biden administration slapped a slew of sanctions against Belarus on Monday amid Western fury over the forced diversion of a Ryanair flight to arrest an opposition journalist. Last month, a passenger plane flying from Greece to Lithuania was suddenly diverted to Minsk, the capital of Belarus. The Ryanair flight was escorted to Minsk by […] Read more
NATO members vowed to address a range of traditional and evolving security challenges, including several posed by China, in a joint statement released Monday at the close of their summit. “China’s growing influence and international policies can present challenges that we need to address together as an Alliance,” the statement, known as a communique, said. […] Read more
The U.S. government is in negotiations with Moderna to potentially secure additional Covid-19 vaccine doses to supply to the world, according to a person familiar. The discussions may lead to a similar number of doses purchased as a deal revealed Wednesday with Pfizer, said the person, who declined to be named because the negotiations aren’t public. President Joe […] Read more
They have a reputation for being loud and obnoxious, but as Europe looks set to reopen its borders to foreign visitors in time for the summer travel season, it’s hoping American tourists will make a comeback. The European Union signaled last week that it will ease restrictions for vaccinated travelers from outside the bloc, including the United States. The […] Read more
LONDON — For Deutsche Bank, bitcoin has lost its flair. Bitcoin suffered a huge plunge this week that saw the digital currency fall to three-month lows. It dived 30% to nearly $30,000 at one point on Wednesday, before paring losses later that day. On Thursday, bitcoin bounced back above $40,000 as the crypto market attempted to recover. Bitcoin was last trading 1% lower […] Read more
Stock futures were flat in overnight trading after major averages rebounded from a three-day losing streak on Thursday led by technology shares. Futures on the Dow Jones Industrial Average last added 18 points, up 0.05%. S&P 500 futures were 0.03% higher. Nasdaq-100 futures ticked 0.07% higher. The move in futures followed a comeback day on […] Read more
Italian supercar maker Lamborghini announced Tuesday that it will launch a fully-electric car in the second half of the decade. Presenting a transformation program, Lamborghini, owned by German firm Volkswagen, laid out “a roadmap to the decarbonization of future Lamborghini models and of the Sant’Agata Bolognese site,” its factory headquarters in Italy. It said the next 10 […] Read more
