US stocks ended mostly higher led by gains in the Nasdaq and chipmakers as investors sought bargains after a sharp selloff

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The US added Chinese e-commerce giant Alibaba, internet search provider Baidu and automaker ‌BYD to a list of companies it believes are aiding Beijing's military, in a move that could inflame tensions between the countries. More here:

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ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom. More here:

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Canadian dollar falls as speculators raise bearish bets to highest this year

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UK consumers up their spending in May after April drop

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Intel shares rose as much as 12% after reports that Google ordered over three million tensor processing units for production in 2028, signaling progress under CEO Lip-Bu Tan

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Stellantis announces billion-euro investment in German brand Opel

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Nestle's private equity partner drops out of bidding for Perrier, Bloomberg News reports

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Why radical transparency about sustainability trumps greenhushing

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UK financial regulator softens proposed change to UK money market fund rules

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British finance sector demands closer ties with Europe ahead of UK-EU summit

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Energy has become the S&P 500's best performing sector this year, and John Stoltzfus of Oppenheimer Asset Management tells Reuters he expects that to continue as oil flows through the Strait of Hormuz take time to normalize, and US firms have the capacity to pump more

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China car sales fell again in May, down around 22% from a year earlier, marking the eighth straight month of decline. The downturn has hit global automakers, especially Volkswagen, which is trying to revive its China business through locally developed EVs

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Intesa CEO says bank took Generali stake to pre-empt defensive moves

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Chip rout puts Korea's 'ant' investors to the test as margin debt soars

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French telecoms groups to test EU merger rules with $23.5 billion SFR deal

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Fall in Hungary's inflation, risk premia likely lowered required rate level, central banker says

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South Korea's KOSPI index fell by over 8% as chipmakers SK Hynix and Samsung joined a tumble in AI stocks. Janet Mui of RBC Brewin Dolphin says traders don't know if memory chip demand is cyclical or in a supercycle, but chipmakers' revenues could justify valuations moving higher

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German industrial orders fell more than expected in April

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The global airline industry nearly halved its 2026 profit forecast citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the fragility of a sector operating on thin margins. READ:

Reuters Business

Nvidia announced a series of deals in South Korea with tech giants including SK Hynix and Naver, as it looks to secure crucial memory chips to power its AI ambitions and entice new customers