Author: phoenixroundup.com

WEF says geoeconomic fragmentation costs the global economy up to $307 billion a year and adds pressure to inflation, trade and finance.

Tropical Storm Amanda, the first named storm of the 2026 eastern Pacific season, formed far from land and is forecast to strengthen modestly.

Ford is recalling nearly 420,000 Expedition and Lincoln Navigator SUVs in the US over a front seat belt retractor pretensioner issue.

U.S. stocks closed lower in a broad sell-off as the Dow, S&P 500 and Nasdaq retreated from recent highs amid oil and inflation concerns.

Treasury yields rose near 4.5 percent after private payroll gains, job openings and oil prices shaped inflation-sensitive trading.

Peter Schiff’s U.S. stock warning returns as elevated valuations, federal debt, inflation and steady Fed rates frame market risks.

ChatGPT reached 1 billion monthly active app users worldwide in May 2026, marking a record milestone in global AI adoption.

Gold prices rose as U.S. Treasury yields eased, supporting bullion while investors tracked Fed policy, jobs data and metals demand.

European Parliament trade MEPs advanced EU-US tariff legislation covering U.S. goods, safeguards and a June plenary vote in Brussels.

Dollar trading stayed steady near 99 while Bitcoin and Ether declined, leaving global currency moves muted and crypto markets weaker.