Press review · Monday, 26 May 2025
26 May 2025
3,123 articles: 08 May 2025 – 26 October 2026
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theglobeandmail.com
Calendar: What investors need to know for the week ahead
A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead
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nytimes.com
Solid Jobs Report Bolsters Fed’s Patience on Rate Cuts
The central bank is in wait-and-see mode amid extreme uncertainty about the economic outlook.
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The Trump-Elon Musk Feud Creates More Problems for Tesla
Already suffering from steep declines in sales and profit, the carmaker could now face the president’s wrath.
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Tesla Stock Price Rebounds but Ends the Week Down Sharply
The stock has been on a roller coaster ever since President Trump’s election. The shares fell nearly 15% this week.
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abcnews.go.com
AI risks 'broken' career ladder for college graduates, some experts say
Advances of AI chatbots like ChatGPT heighten concern, experts say.
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slate.com
Tesla Stock Plummeted After Elon’s Feud With Trump. The Amount Reveals Something Important.
How much is it worth to have oligarchic control of the United States government? We now have an idea.
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searchenginejournal.com
Google AI Mode Introduces Data Visualization For Finance Queries
Google AI Mode adds interactive charts for financial searches. See how this data visualization may affect SEO and content marketing strategies.
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foxbusiness.com
Elon Musk's net worth plummets by $34B amid escalating feud with President Trump
Tesla CEO Elon Musk’s net worth plunged by a staggering $34 billion during his and President Donald Trump’s major rift on Thursday, Bloomberg reported.
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China Allows Limited Exports of Rare Earths as Shortages Continue
Beijing has approved more export licenses for the critical minerals and magnets in recent days, but supplies remain scarce and factories in the West are running out.
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Jobs Report: Live Updates on U.S. Hiring in May
Economists expect the Labor Department’s monthly report to show that hiring proceeded at a healthy rate in May, with employers adding 125,000 jobs.
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timesofindia.indiatimes.com
EV supply chain jolted: India struggles to import magnets amid China curbs; Jefferies flags looming risk - Times of India
India Business News: India's electric vehicle manufacturing faces disruption due to a widening supply gap of rare earth magnets, exacerbated by China's export restrictions
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Suspect in UnitedHealthcare CEO killing said he 'had it coming,' prosecutors say
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conv...
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cincinnati.com
Procter & Gamble job cuts: Who would be affected and why
The company, which makes Tide laundry detergent and Pampers diapers, offered a bare outline of the plan but promised more details later this summer.
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nbcnews.com
Trump and Xi agree to new in-person meeting after phone call amid trade tensions
The president had recently aired his frustrations about the state of talks with China.
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Imports Plummet in April as Trump’s Tariffs Weigh on Trade
Americans bought fewer foreign pharmaceuticals, cellphones and cars, and cut purchases of machinery and other supplies.
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Procter & Gamble slashing up to 7,000 jobs amid restructuring effort
Procter & Gamble is slashing up to 15% of its non-manufacturing positions over the next two years as part of a broader restructuring effort. The cuts will affect up to 7,000 roles.
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theguardian.com
Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure
The Tide detergent and Pampers maker plans global restructuring as US consumers pull back and trade costs rise
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hollywoodreporter.com
How George Clooney’s ‘Good Night, and Good Luck’ Is Preparing to Go Live on CNN
Production company 2929 Entertainment, owned by Todd Wagner and Mark Cuban, Jeff Skoll’s Participant Media and Clooney are financing the effort.
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usatoday.com
US jobless claims surge as tariffs cloud economic outlook
The number of Americans filing new applications for jobless benefits increased more than expected last week, suggesting layoffs were rising.
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nypost.com
Procter & Gamble slashing 7K jobs, exiting brands as tariffs roil consumer goods giant
The job cuts amount to about 6% of its workforce, which P&G characterized as part of its ongoing strategy.
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euronews.com
Bulgaria to adopt the euro: How do countries join the Eurozone?
European Union officials gave the green light on Wednesday for Bulgaria to become the 21st member of the euro currency union, a key EU project aimed at deepening ties between member countries.
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Procter & Gamble to cut up to 7,000 jobs under tariff, consumer uncertainty pressure
Procter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, over the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy
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US trade deficit narrowed significantly amid Trump's tariff escalation
The fresh data arrives days after a major swath of tariffs entered legal limbo.
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Trump spending bill to cut taxes by $3.7T, add $2.4T to deficit, CBO says
The Congressional Budget Office estimates President Donald Trump’s tax cuts would add $2.4 trillion to the national debt and leave 10.9 million more people uninsured.
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nbcnews.com
Trump airs frustrations with Xi and Jerome Powell over elusive economic goals
The president shifts blame for slow trade talks and economic warning signs while former top ally Elon Musk trashes his signature agenda bill.
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wcpo.com
Procter & Gamble to cut 7,000 jobs to invest in new growth initiatives
Procter & Gamble Co. is set to lay off up to 7,000 employees, representing 15% of its non-manufacturing workforce, as it deals with the impacts of tariffs and slower growth.
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Procter & Gamble to Cut 7,000 Jobs Amid Tariff Uncertainty
The reductions will come over two years as the consumer products giant seeks to reorganize.
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US stock futures little changed as investors await earnings
U.S. stock futures are little changed with some focus on earnings after the bell.
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Trump’s 50% Tariffs on Steel and Aluminum Imports Go Into Effect
President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.
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How Higher Tariffs on Steel and Aluminum Will Affect Companies
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
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bostonglobe.com
New England public media leaders urge supporters to rally against proposed Trump aid cuts - The Boston Globe
Smaller stations would feel the most impact by federal cuts, but larger stations such as GBH and WBUR would also be affected.
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China Tries to Stop Smuggling of Rare Earths as Shortages Loom Abroad
Police, customs officials and spies are reinforcing China’s embargo on the critical minerals that it overwhelmingly controls.
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U.S.-China Trade War Morphs From Tariffs Into Fight Over Supply Chain
Instead of battling over tariffs, Washington and Beijing have turned to a potentially far more harmful strategy: flexing their control over global supply chains.
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US growth likely to slow to 1.6% this year, hobbled by Trump's trade wars, OECD says
U.S. economic growth will slow to 1.6% this year from 2.8% last year as President Donald Trump’s erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers paralyzed by uncertainty
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govexec.com
Trump is planning to slash 107,000 federal jobs next year. See where
New details in the president's budget detail some of the proposed workforce reductions, though the final cuts will likely be steeper.
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Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and mistakenly seizing homes.
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nbcnews.com
Citigroup lifts banking curbs on gun makers and sellers
The bank is rolling back a policy it launched after the 2018 Parkland mass shooting, saying many retailers are following the practices it sought to promote.
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Meta signs 20-year nuclear power deal as tech giants continue AI-driven energy push
The deal is Meta’s first in nuclear power, echoing moves from industry leaders like Microsoft, Google and Amazon.
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What to Know About China’s Halt of Rare Earth Exports
Since early April, China has stopped almost all shipments of critical minerals that are needed for cars, robots, wind turbines, jet fighters and other technologies.
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McDonald's Snack Wraps are officially coming back: Here's when
McDonald's has officially announced when the Snack Wraps will be back. Here's when you can order them again.
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US economic outlook slashed by OECD as Trump's tariffs upend global growth
"Global economic prospects are weakening," the OECD said.
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npr.org
Can bringing back manufacturing help the heartland catch up with 'superstar' cities?
In recent decades, America has seen economic opportunities concentrated in superstar cities. Manufacturing boosters hope reshoring factories could help change that. We look at the theory and evidence.
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How Low Will the Dollar Go?
Trade-war angst has put pressure on the greenback this year. Wall Street thinks it’s about to get worse.
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nbcnews.com
Trump's ambitious push for trade deals is hitting some snags
Some of the challenges are self-inflicted, but a fresh set of court rulings questioning the president’s authority to enact tariffs hangs over his trade agenda.
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Trump warns court ruling against tariffs could lead to 'economic ruination' of US
President Donald Trump warns of economic ruination if courts rule against his tariffs after the U.S. Court of International Trade blocks emergency import taxes.
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Economists Question G.O.P. Bill: Why Increase the Deficit in Good Times?
Huge deficits are already making bond investors nervous. Economists warn that could make it harder to respond to future crises.
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Jamie Dimon warns US debt and deficits are a growing problem
JPMorgan CEO Jamie Dimon highlighted the risks of rising U.S. debt and deficits, and he called for reforms to ensure economic growth and program sustainability.
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Elon Musk Returns to His Tech Empire, Facing Questions of Inattention
As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, SpaceX, xAI and X.
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Global shares slide as Russia-Ukraine conflict, OPEC+ output plan push prices higher
Global shares have fallen and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty
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sherwood.news
US stocks slump to lows late in session after reports of fresh semiconductor curbs on China
The S&P 500 closed down 0.6%, the Nasdaq 100 gave back 0.5%, and the Russell 2000 fell 1.1%....