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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- South Korea to unveil $650 billion AI and chip mega-plan under President Lee
- PBOC sets USD/ CNY reference rate for today at 6.8175 (vs. estimate at 6.8041)
- Japan retail sales surge 5.3% in May on wages and subsidies, smashing forecasts
- AI buildout echoes dot-com and railway manias, BIS warns on bust risk and recession threat
- PBOC is expected to set the USD/CNY reference rate at 6.8041 – Reuters estimate
- RBA's Kent says monetary policy board may have less tolerance for inflation ('but' ...)
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Retirees face surprise Medicare premium hikes (IRMAA) 2 yrs post-house sale. Income surge triggers costs.
24/7 Wall St.
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Google caps Meta's Gemini AI use amid capacity crunch. GOOG tops Verizon returns.
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PBOC sets USD/ CNY reference rate for today at 6.8175 (vs. estimate at 6.8041)
investingLive Exclusive
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Sth Korea unveils three AI and chip mega-projects including a new southwest semiconductor hub, with investments potentially exceeding $650 billion. Samsung and SK chairmen are attending as President Lee frames the plan as a national survival strategy
investingLive Exclusive
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The BIS warned Sunday that a $1 trillion AI investment boom risks an abrupt bust and recession if returns disappoint, comparing the cycle to the dot-com crash and railway mania of the 1840s.
investingLive Exclusive
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PBOC is expected to set the USD/CNY reference rate at 6.8041 – Reuters estimate
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Brazil's sugar prices dip amid trade war fears. Investors eye commodity risks and potential valuation shifts.
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