Minimalist News

Finance

The Trump administration has reinstated travel bans affecting citizens from twelve countries while signaling the potential for further economic measures against trading partners such as China and Canada amid ongoing tariff disputes and inflation concerns.
Negotiations between the U.S. and China regarding trade are under strain, with China slow to comply with commitments to resume rare-earth mineral exports, raising fears of a collapse of a recent truce.
The U.K. is preparing to tighten immigration rules in response to high migrant inflows post-Brexit, as recent data suggests that this influx has not significantly boosted the economy.
The consulting firm BCG has withdrawn from an aid project in Gaza amid heightened scrutiny and operational challenges, reflecting broader difficulties in humanitarian assistance amidst ongoing conflict.
Economic indicators show a slowdown in private sector hiring and persistent inflation, leading to speculation about potential interest rate cuts by the Federal Reserve, as businesses report plans to pass increased costs onto consumers.

Trump Bans Citizens of 12 Countries From Traveling to U.S. wsj.com 33 minutes ago by Michelle Hackman
The president also placed travel restrictions on an additional list of countries as he reintroduced a controversial immigration policy that ca…
Russia Plans to Respond to Drone Attack, Trump Says After Call With Putin wsj.com 5 hours ago by Natalie Andrews
President Trump said Russian President Vladimir Putin told him he would have to respond to Ukraine’s recent attack, dampening the prospects fo…
Canada to Hold Off on Retaliating in Response to Higher U.S. Metals Tariffs wsj.com 6 hours ago by Paul Vieira
Canada is going to wait before enacting any further retaliation against the U.S. over higher steel and aluminum tariffs because negotiators ar…
BCG Had Doubts About Gaza Aid Project Before It Pulled Out wsj.com 10 hours ago by Chip Cutter
The consulting firm has stopped work advising the Gaza Humanitarian Foundation and placed a senior partner on administrative leave.
Iran’s Supreme Leader Rejects U.S. Nuclear Deal Offer wsj.com 13 hours ago by Benoit Faucon
Ayatollah Ali Khamenei said America’s initial proposal breached Tehran’s principles of independence.

Putin planning to retaliate for Ukraine drone attack, says Trump ft.com 6 hours ago by FT Client Support
US president says after call with Russian counterpart that Moscow is not ready for ‘immediate peace’ with Kyiv
Russia wants to deploy 10,000 troops in Moldovan breakaway region, PM warns ft.com 15 hours ago by FT Client Support
Moscow aims to eject government and place soldiers on Ukraine border in Transnistria, premier says
Trump’s ‘big beautiful bill’ will swell US debt by $2.4tn, warns fiscal watchdog ft.com 2 hours ago by FT Client Support
Administration insists legislation will slash the deficit
Biden has become a scapegoat for the Democrats ft.com 13 hours ago by FT Client Support
The party’s real problem is a consistent tolerance of obvious losers
A new psychedelic era dawns in America ft.com 11 hours ago by FT Client Support
Magic mushrooms remain illegal in California but you wouldn’t know that from the gatherings in San Francisco

Stablecoin issuer Circle prices IPO at $31 per share, above expected range, ahead of NYSE debut cnbc.com an hour ago
Circle, the issuer of one of the biggest stablecoins, priced its IPO at $31per share, above its expected range and giving it a market value of…
Musk whips opposition to Trump tax plan: 'KILL the BILL' cnbc.com 2 hours ago
Musk's reaction likely comes in part because Trump's bill cuts an EV tax credit that helps Tesla, a source familiar with the matter told NBC N…
Trump says 'Too Late' Powell must lower interest rates after weak ADP jobs report cnbc.com 9 hours ago
Trump has branded Powell with the nickname "Too Late" as a criticism of the Fed Chair's continuing decision to hold interest rates steady.
After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was 'thrilling' cnbc.com 2 hours ago
Shift4 founder Jared Isaacman, who had been President Trump's pick to run NASA, told investors in a letter on Wednesday that he's giving up hi…
Fed 'Beige Book' economic report cites declining growth, rising prices and slow hiring cnbc.com 2 hours ago
The report noted that "economic activity has declined slightly since the previous report" released April 23.