Today: July 5, 2026
Online Edition
The dollar fell to a two-month low on Tuesday as several Federal Reserve officials signaled that the central bank might be nearing the end of its tightening cycle. The greenback had risen last week on expectations that the U.S. central bank would raise rates again this month, but investors re-appreciated the risks to the economy and inflation from past rate hikes. The ICE dollar index, which tracks the greenback against a basket of major currencies, dropped 0.6% to around 101.8p.
With brightly colored cans, a range of sweet flavors, and backing by popular influencers on YouTube and TikTok, the caffeine-free Prime Hydration drinks started by online personalities Logan Paul and Olajide Olayinka Williams Olatunji, better known as KSI, have become a status symbol among children and teenagers. But the drinks also have nearly double the amount of caffeine found in a Red Bull and are being vigorously marketed to them, leading to concerns about their high levels of caffeine. In
The United States has called on the World Bank to bolster its investments in projects that promote climate adaptation and mitigation, highlighting the successful expansion of India’s solar industry as a prime example. In a letter to the World Bank, the US emphasized the urgency of increasing funding for initiatives aligned with climate goals. We urged the institution to provide transparent metrics regarding its funded projects. This move underscores the critical need for global financial institutions to support sustainable development
Chinese authorities are expected to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with direct knowledge of the matter said, ending the fintech company’s years-long regulatory overhaul. The Peoples Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is set to disclose the fine in the coming days, the sources told Reuters. The move will mark
Ultra-low-cost e-commerce platform Temu has started selling to Japan, marking its first foray into the Asian market. The marketplace, the sister site of the Chinese discount e-commerce platform Pinduoduo, ships everything from clothing to electronics and home goods, mainly from merchants in China to customers overseas, at rock-bottom prices. Temu has been a massive success since its launch in the US last year, where it has topped app download charts and created a shopping frenzy among consumers struggling with inflation
American investor George Soros passed control of his multi-billion dollar foundation to his 37-year-old son, Alexander Soros, last month. The second youngest of the billionaire’s five children and a self-described center-left thinker, Alexander Soros is regarded as “more political” than his father. He has now slashed 40 percent of the foundation’s workforce, as per a report in Fortune. In an email to staff, the Soros family foundation said it would undergo “significant changes” to its operational structure, resulting in layoffs.
Lamborghini’s combustion engine models are sold out until the end of production, its chief executive was quoted as saying in the WELT newspaper on Wednesday, as the luxury carmaker transitions towards a pure hybrid lineup. Order books for the Hurucan and Urus models are full, marking the end of combustion engine vehicle production for the company, Stephan Winkelmann, head of the Volkswagen (VOWG_p.DE) subsidiary, said. He added that Lamborghini’s plan to “transition to a fully electric car from a gasoline-powered
Shares in K Pop agencies fell on Wednesday after a report of an antitrust probe into power abuse by large entertainment companies. According to local media Yonhap, South Korea’s Fair Trade Commission began investigating any potential infractions of subcontracting rules when outsourcing the production of albums and merchandise. It sent investigators to the offices of HYBE (352820. KS), SM Entertainment (041510. KQ), and YG Entertainment (122870. KQ) on Tuesday, Yonhap news agency reported citing unnamed industry sources. The report said
The latest Federal Reserve stress tests showed significant banks have enough money to weather a severe economic downturn, clearing the way for them to pay dividends and buyback shares. But investors still need more clarity about what it all means. The Fed’s test subjects big banks to a hypothetical market shock that considers operational risk and then spits out a “stress capital buffer” requirement tailored to each firm. It must be at least as significant as Basel’s static “capital conservation
Local TV stations in 107 markets, including WEHT-ABC25 here in Evansville, have been removed by satellite provider DirecTV as the companies failed to reach a distribution agreement on new retransmission consent fees. Those fees are the amount broadcasters request to be carried on pay-TV platforms such as satellite, cable, and streaming. The dispute began July 2 and went into its second week and left about 10 million subscribers without access to Nexstar’s local news programming. That includes local weather updates,