Intel rallies to record after Trump touts Apple chip deal
Intel Corp.’s stock surged Thursday after United States President Donald Trump said the chipmaker will work with Apple Inc. to design and produce semiconductors domestically. Read More
Burnham Found a Way Back to Westminster by Rebelling Against It
(Bloomberg) — Andy Burnham’s triumphant return to the House of Commons shows Labour colleagues he can turn the party’s fortunes around in a way that others can’t. Read More
Hormuz Reopening to Spark Oil Field Restart Visible From Space
(Bloomberg) — From the moment the Strait of Hormuz effectively became a hostage in the Iran war, energy executives in the region began plotting the biggest logistics exercise the sector has ever seen: reopening a waterway critical to the world’s oil supply and unwinding the region’s biggest production cut in history. Read More
Will the reopening of the Strait of Hormuz ease food prices? Economists say no
Commodity prices have been falling since the Strait of Hormuz reopened on Thursday, but economists say Canadians may still see higher food prices due to higher fertilizer prices during the planting season. Read More
UK Retail Sales Bounce Back in Surprising Boost for Economy
(Bloomberg) — UK retail sales rebounded unexpectedly strongly in May while previous months were revised higher in a sign of consumer resilience that offers hope for the wider economy. Read More
Gold Set for Weekly Loss as Hawkish Fed Outweighs Peace Deal
(Bloomberg) — Gold was on track for a third weekly loss, as a hawkish Federal Reserve and rate-hike bets outweighed the signing of an interim peace deal between the US and Iran. Read More
Goldman Lops $500 Off Gold Target on No Fed Cuts This Year
(Bloomberg) — Goldman Sachs Group Inc. cut its year-end gold forecast by $500 an ounce as the Federal Reserve is no longer seen reducing rates in 2026. Read More