Italy's budget deficit reached 3.1% of GDP in 2024, breaching EU fiscal rules as the country seeks flexibility due to Middle East crisis impacts.
Five of the 'Magnificent Seven' tech giants prepare to report quarterly earnings in what analysts call a make-or-break week for market momentum.
Spirit Airlines' shutdown has prompted competitors to expand into its routes while highlighting broader struggles facing budget carriers amid rising fuel costs.
High gasoline prices are prompting more Americans to use public transportation while overseas demand for U.S. energy exports contributes to domestic fuel costs.
Adult content platform OnlyFans has achieved a $3 billion valuation amid ongoing stake sale negotiations.
Luxury automaker Aston Martin will eliminate approximately 600 jobs, citing lower profits and pressure from U.S. tariffs as contributing factors.
Kering announced an ambitious restructuring plan aimed at doubling profits while restoring financial discipline and refreshing Gucci's creative direction.
China lowered its policy loan rate to a record low while advancing infrastructure partnerships with Kazakhstan and Pakistan.
BP has named new division heads as part of a broader restructuring effort to simplify operations and accelerate decision-making processes.
Brazil has issued bonds in European markets for the first time in over ten years, marking a significant shift in the country's funding strategy.
U.S. Attorney Jeanine Pirro says she may resume criminal probe of Fed Chair Jerome Powell depending on central bank inspector general's report.
Italian bank UniCredit has made a formal takeover offer for Germany's Commerzbank, valued at approximately $28-35 billion.
Chicago Federal Reserve President Austan Goolsbee characterized recent inflation data as disappointing, signaling continued concerns about price pressures.
PepsiCo announced price increases on smaller bags of popular chip brands including Lay's and Doritos due to higher operational costs.
Costco recalled over 255,000 Vornado tower heaters due to fire hazards while separately reducing prices on four private-label products.
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