Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2, fueling one of the biggest global gadget debuts since the iPhone launches…
U.S. Treasury yields fell on Tuesday after retail sales narrowed more than Wall Street economists had expected, lifting bond prices and raising concern that the economy is headed for a slowdown or even a recession. The yield on the benchmark 10-year Treasury note fell more than 6 basis points to 4.387%, while the 2-year Treasury…
Muhammed Selim Korkutata | Anadolu | Getty Images For a third time since taking office in January, President Donald Trump plans to extend a deadline that would require China’s ByteDance to divest TikTok’s U.S. business. “President Trump will sign an additional Executive Order this week to keep TikTok up and running,” White House Press Secretary Karoline…
Shipping container loads dock at Tokyo Bay. Japan is heavily reliant on exports (e.g., automobiles, electronics), faces risks from U.S. tariffs, especially on cars (a proposed 25% tariff during Trump’s first term was deferred but remains a concern). Higher tariffs could reduce Japan’s U.S. market access, increase consumer prices, and hurt GDP growth. However, Japan’s…
Amazon Web Services is set to announce an update to its Graviton4 chip that includes 600 gigabits per second of network bandwidth, what the company calls the highest offering in the public cloud. Ali Saidi, a distinguished engineer at AWS, likened the speed to a machine reading 100 music CDs a second. Graviton4, a central…
New York City Comptroller Brad Lander is placed under arrest by Immigration and Customs Enforcement (ICE) and FBI agents outside federal immigration court on Tuesday, June 17, 2025, in New York. Olga Fedorova | AP New York City Comptroller and Democratic mayoral candidate Brad Lander was arrested Tuesday by Immigration and Customs Enforcement agents while…
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Noah Berger | Getty Images Amazon CEO Andy Jassy said Tuesday that the company’s corporate workforce will shrink in the coming years…
U.S. President Donald Trump speaks to reporters aboard Air Force One after departing early from the the G7 summit in Canada to return to Washington, June 17, 2025. Kevin Lamarque | Reuters President Donald Trump on Tuesday warned Iranian leader Ali Khamenei that he is an “easy target” and “our patience is wearing thin,” before…
Higher mortgage rates and uncertainty in the broader economy continue to weigh on consumers — and consequently on the nation’s homebuilders. Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything below 50 is considered negative. The index stood at…
Shoppers try on shoes at a Footlocker store in New York City, U.S., May 16, 2025. Jeenah Moon | Reuters Consumers spending pulled back sharply in May, weighed by declining gas sales and a looming unease over where the economy is headed, the Commerce Department reported Tuesday. Retail sales declined 0.9%, even more than the…
