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US initial jobless claims fell to 219,000 this week, easing slightly. The decline suggests the labour market remains resilient amid uncertainty over growth and Federal Reserve policy, though economists caution that underlying hiring momentum remains subdued and structural pressures may be building across key sectors.
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Nvidia will supply more than 260,000 of its new Blackwell AI processors to South Korea. The company is also in talks with Samsung Electronics to secure next-generation HBM4 memory for its data-centre chips, marking a deepening alliance with the country’s tech sector.
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Tesla is recalling 6,197 Cybertrucks in the US. The safety regulator says an off-road light bar could detach and pose a hazard to other vehicles. The company will install additional fittings or replace the light bar assembly free of charge for affected owners.
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Corpay moves to acquire UK-based Alpha Group International. The £1.8 billion all-cash agreement will see the London-listed payments and foreign-exchange provider become part of the U.S. financial services group. The deal extends Corpay’s reach into Europe’s institutional markets and highlights renewed overseas appetite for UK-listed fintech businesses.
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Trump criticised Fed Chair Powell today as the central bank readies another rate cut. The Federal Reserve is preparing to lower rates again this week amid political pressure, a data blackout, and signs of internal division, raising fresh questions over its independence and policy direction.
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Barclays will acquire US personal-loan originator Best Egg for $800 million. The move deepens the bank’s push into American consumer finance, adding around two million new customers and broadening its foothold in unsecured lending and digital credit services.
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Trump met Japan’s new prime minister in Tokyo on Monday. The two leaders signed a critical-minerals deal to reduce reliance on China, as the U.S. president praised Sanae Takaichi’s historic appointment and reaffirmed the nations’ long-standing security alliance.
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US and China agree on TikTok’s US operations sale. The transaction, part of a broader trade framework, grants US investors a 65% stake and control of TikTok’s algorithm, pending formal endorsement by Presidents Trump and Xi.
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India and the United States are nearing a major trade deal. The agreement, first reported by Mint, would cut U.S. tariffs on Indian exports from about 50% to between 15% and 16% — the most substantial adjustment to trade terms between the two countries in more than a decade.
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Sixty per cent of security leaders see supply chain risks as unmanageable. A new IO study reveals that confidence in cybersecurity response far exceeds real-world resilience, as 61 per cent of organisations suffered third-party breaches in the past year, driving financial losses and customer disruption across the board.
