Business

An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images ASML on Wednesday warned of the possibility of no growth in 2026, even as it beat top and bottom line expectations for the second quarter. ASML’s guidance for the current quarter missed expectations while it narrowed its …

A one pound price label in bowls of produce on a grocery stall at East Street Market in London, UK, in spring 2024. Bloomberg | Bloomberg | Getty Images The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists polled by Reuters had anticipated inflation …

WASHINGTON (AP) — President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project. The push comes after a monthslong campaign by Trump to try to rid himself of the politically independent central banker, who has resisted the …

For months, Port of Los Angeles Executive Director Gene Seroka warned of slashes to shipment arrivals from China and reduced hours for dock workers and truckers as a result of President Donald Trump’s aggressive tariff threats. As the busiest port in the U.S. saw record-setting shipping volumes last month, Seroka still isn’t breathing a sigh of relief. The Port of …

Hassett Grabs Pole Position in Race to Be Trump’s New Fed Chair  Bloomberg.com Bessent Suggests Powell Should Leave Fed Board in May  Bloomberg.com Trump economic adviser Kevin Hassett is rising in race for next Fed chief  The Washington Post Trump: Bessent an option to replace Fed chair, ‘but I like the job he’s doing’  Reuters Scott Bessent confirms moves to replace Jerome Powell are …

Asia stocks drift lower tracking Wall St; Hong Kong rises as Nvidia cheer persists  Investing.com Asia shares struggle, dollar soars on lowered Fed rate cut bets  Reuters Asian Tech Stocks Shine as Markets Weigh Latest Tariff Twists  The Wall Street Journal Asian shares are mixed after Nvidia nudges Nasdaq to a record, while other US stocks slump  Yahoo Finance Asia markets mixed as trade …

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Pop Mart, the Chinese toy firm behind the hugely popular Labubu dolls, has said its profits are set to soar for the first six months of this year. The Beijing-based company said it expects profits for the period to jump by at least 350% as revenues more than tripled. Pop Mart, which has a stock market value of more than …

Asian Stocks Edge Lower as Fed Rate-Cut Bets Wane: Markets Wrap  Bloomberg Asia shares struggle, dollar soars on lowered Fed rate cut bets  Reuters Asian Tech Stocks Shine as Markets Weigh Latest Tariff Twists  The Wall Street Journal Asian shares are mixed after Nvidia nudges Nasdaq to a record, while other US stocks slump  Yahoo Finance Asia stocks drift lower tracking Wall St; Hong …

Mark Zuckerberg is slated to make yet another high-stakes courtroom appearance this week as shareholders seek to hold him accountable for the more than $8 billion that Meta has spent to settle lawsuits over privacy violations.  The trial, set to begin Wednesday in Delaware’s Court of Chancery, aims to hold Zuckerberg, former Meta COO Sheryl Sandberg and other former executives …