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Trump unveils $700M coal support plan using emergency powers
President Donald Trump uses the Defense Production Act to allocate nearly $700 million for U.S. coal plant upgrades and export terminal construction.
SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention
SpaceX sets a $135 share price for its initial public offering, aiming to raise $75 billion and value the company at $1.75 trillion in NEW YORK.
US weekly jobless claims increase to four-month high; worker productivity revised down
US weekly jobless claims rose to their highest level in four months, reflecting seasonal volatility but signaling a stable labor market amid ongoing economic uncertainty.
US private payrolls rise broadly in May
U.S. private payrolls increased by 122,000 jobs in May, led by education and health services, despite mixed signals on labor market strength.
SpaceX will disrupt $1.6T US communications industry, Oppenheimer says
SpaceX will disrupt the $1.6 trillion U.S. communications industry as Starlink expands, threatening legacy providers like AT&T, Oppenheimer says.
US states sue Trump administration and TotalEnergies over offshore wind cancellation
New York leads seven states suing the Trump administration and TotalEnergies over the cancellation of a major offshore wind lease off New York's coast.
US job openings jump to near two-year high in April
U.S. job openings surged to 7.618 million in April, the highest since May 2024, despite a decline in hiring amid economic uncertainty.
Trump administration proposes 25% tariff to punish Brazil over trade practices
The Trump administration proposes a 25% tariff on many Brazilian imports citing unfair trade practices, excluding key products like beef and coffee.
Anthropic moves toward IPO, stepping up race with OpenAI
June 1 (Reuters) – AI giant Anthropic has confidentially filed for a U.S. initial public offering, the company said on Monday, edging ahead of rival OpenAI in a closely watched race to reach public markets. The move sets up an early test of whether investor appetite for artificial intelligence, which has fueled lofty priva[...]
US crude exports hit record high in May as Iran war tightens global oil supplies
U.S. crude exports reached a record 5.6 million barrels per day in May as Middle East tensions boost demand from Asian and European refiners.
Rising exports lower US goods trade deficit in April
The US goods trade deficit narrowed in april as exports rose 4%, offsetting import gains amid ongoing middle east tensions and ai investment.
Fed’s Musalem says rate hike may be needed if inflation doesn’t ease
St. Louis Federal Reserve President Alberto Musalem says a rate hike may be necessary if inflation does not ease in the next six months.
