Latest World News copy
- China's Xiaomi undercuts Tesla with yet another cheaper carChinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla's Model Y.
- Nike says tariffs will cost it $1 billion before price increases, supply chain shiftsNike said its fiscal fourth quarter will see the worst of its turnaround efforts but investors are wondering if sales and profits still have more room to fall.
- Asia-Pacific markets track Wall Street gains after White House downplays tariff deadlineJapan's Tokyo core consumer price index excluding fresh food and fuel rose 3.1% year on year in June, slower than the 3.6% increase seen in the previous month.
- S&P 500 futures are little changed as benchmark closes in on all-time high: Live updatesThe broad market index is inches away from a new intraday record.
- What's driving Wall Street stablecoin interest? Trillions up for grabs in the future and banks getting ready for itStablecoins are poised to grow to trillions of dollars, and financial services giant and banks want a piece of it, says Zach Abrams, Bridge co-founder and CEO.
- Trump trade deadlines in July 'not critical': White House"Perhaps it could be extended, but that's a decision for the president to make," Trump press secretary Karoline Leavitt said of the tariff extension deadlines.