promy

  U.S. stocks have strongly rebounded after a rough start to the year, even as the outlook for the world's largest economy and its interest rates remains as uncertain as ever. Economic modeling is "very difficult" right now because "things are changing constantly," Atlanta Fed President Raphael Bostic told CNBC's "Squawk Box Europe" on Monday, pointing to  Canada's recent walk-back on its digital services tax . Market participants are also closely-watching the latest progress of U.S. President Donald Trump's " big, beautiful bill ," which  cleared a key Senate hurdle over the weekend .  From an inflation perspective, that means focusing on the expectations of businesses and consumers, along with the actions they are taking in response, Bostic continued. watch now VIDEO 12:53 Fed's Bostic: July meeting too early to assess inflationary impact of tariffs "The story there is that we are really starting to hear clear signs tha...

  Urgent international calls for restraint appear to be falling on deaf ears as the world braces for intensifying conflict in the Middle East. All eyes are on the White House, as U.S. President Donald Trump  weighs carrying out direct military strikes on Iran . Such an act would represent a dramatic deepening of U.S. involvement in what has thus far been limited to attacks between Iran and U.S. ally Israel. Smoke blankets the sky above Tehran, Iran, following explosions in the capital after the Israeli army hit Iranian targets, on June 18, 2025. Anadolu | Anadolu | Getty Images The Kremlin warned Thursday that U.S. intervention in Iran would set off a “terrible spiral of escalation,” while Russian Foreign Ministry spokesperson Maria Zakharova told Reuters that the world is “millimeters” away from nuclear catastrophe. Russia is currently mired in its own war in Ukraine, which also involves a fight over a major nuclear power plant. In the U.K., Prime Minister Keir Starmer chaire...

  SoftBank CEO Masayoshi Son delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., U.S., April 30, 2025. Leah Millis | Reuters Softbank ’s Vision Fund business on Tuesday posted a loss in the fiscal year ended March as it booked slowing gains at its massive tech investment arm. SoftBank said it notched a gain on investment at its Vision Funds of 434.9 billion yen in the fiscal year, a 40% fall from the 724.3 billion yen booked in the previous year. In its fiscal fourth quarter — the three months ended March — SoftBank’s Vision Funds segment recorded a 26.1 billion yen gain, helped by a rise in the value of TikTok owner ByteDance. The Vision Fund segment overall logged a pretax loss of 115.02 billion yen ($777.7 mllion) versus a profit of 128.2 billion yen in the previous fiscal year. For the latest fiscal year, SoftBank saw gains on its investments in Chinese ridehailing company Didi as well as South Korean e-commerce firm Coup...

  watch now VIDEO 03:01 Warren Buffett: Greg Abel should become Berkshire CEO at year-end An end of an era was announced in Omaha Saturday as  Warren Buffett  said he will soon ask the board of  Berkshire Hathaway  to have Greg Abel replace him as CEO at year end. While Buffett is 94 and Abel was designated as CEO successor in 2021, it nonetheless came as a surprise to the thousands of admiring shareholders gathered for this year’s  annual meeting  to once again hear the investing legend opine on the future of the company. “Tomorrow, we’re having a board meeting of Berkshire, and we have 11 directors. Two of the directors, who are my children, Howie and Susie, know of what I’m going to talk about there. The rest of them, this will come as news to, but I think the time has arrived where Greg should become the chief executive officer of the company at year end,” said Buffett, in the final few minutes of the meeting. In 1965, Buffett bought what was then ...