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Trump calls Xi meeting important trip, says US leads in AI
President Donald Trump calls his upcoming meeting with China's Xi Jinping important and emphasizes the US lead in artificial intelligence amid trade tensions.
Paramount Skydance first-quarter profit benefits from cost-cutting
Paramount Skydance's first-quarter profit rose 59% aided by cost savings and streaming revenue growth, despite a cautious second-quarter revenue forecast.
U.S. equity fund inflows ease to a six-week low
U.S. equity fund inflows dropped to a six-week low as investors reacted to crude oil price surges and Federal Reserve policy uncertainty.
US to move forward with plans to hike EU car tariffs
U.S. Trade Representative Jamieson Greer confirmed plans to increase EU car tariffs to 25%, escalating trade tensions and impacting German automakers.
Oil prices jump 5% as Iran attacks UAE, vessels in Strait of Hormuz
Oil prices jumped about 5% as Iran attacked UAE ports and vessels near the Strait of Hormuz, raising concerns over global oil supply routes.
Spirit Airlines seeks approval to make retention payments as it ends operations
Spirit Airlines requests bankruptcy court approval to pay $10.7 million in retention bonuses as it ceases operations amid failed bailout talks and rising fuel costs.
Spirit Airlines shuts down, industry’s first Iran war casualty
Spirit Airlines shut down after failing to secure bailout amid jet fuel price surge linked to the Iran war, impacting thousands of U.S. jobs and flights.
Oil falls as Iran proposes talks but prices still set for weekly gains
Oil prices dropped after Iran proposed new talks with the U.S., but prices remain set for weekly gains amid Strait of Hormuz tensions.
Pentagon reaches agreements with top AI companies, but not Anthropic
The Pentagon has reached agreements with seven AI companies, excluding Anthropic, to deploy advanced capabilities on its classified networks.
US manufacturing sector steady in April, but input costs surge amid Iran war
US manufacturing activity held steady in april despite rising input costs driven by the iran war and supply disruptions in the strait of hormuz.
US railroads Union Pacific, Norfolk Southern seek approval for $85 billion merger
Union Pacific and Norfolk Southern submitted a revised $85 billion merger application to the Surface Transportation Board to create a coast-to-coast freight rail operator.
FCC chair says White House did not pressure him to open Disney review
FCC Chair Brendan Carr denied White House pressure to open an early license review of Disney's ABC stations, citing diversity practices as the reason.
