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Stellantis Plans $70B Turnaround on Brand Reset, 60 New Models
Stellantis will invest €60 billion through 2030 to launch 60 new models, focusing on Jeep, Ram, Peugeot, and Fiat, with a new compact pickup and Chrysler crossovers to revive North American sales.
Fed's Barkin Says Repeated Supply Shocks Test Inflation Anchor
Richmond Fed President Tom Barkin warned that repeated supply shocks challenge the central bank's ability to look through inflation without raising rates, as consumer and business tolerance becomes key.
Private credit defaults hit record high as interest rates soar
Defaults in the private credit market surged to an all-time high as elevated interest rates strain borrowers, raising concerns about broader credit quality.
SpaceX synthetic contract hits $203, implying $2.4T valuation ahead of IPO
SpaceX's synthetic contract (SPCX-USD) trades at $203, implying a $2.4 trillion valuation, far above the company's reported IPO target range of $1.75-2 trillion, though the derivative price lacks order-book credibility.
Bitcoin ETF Outflows Surge as Price Recovery Triggers Selling
Bitcoin ETF outflows have surged as price recovery triggers selling, exposing a structural dynamic where the level that should attract buyers also prompts heavy selling.
Kansas Fed Manufacturing Index Slips to +8 From +10
The Kansas City Fed manufacturing index fell to +8 in May from +10 in April, signaling a slight slowdown in regional factory activity but remaining in expansionary territory.
Eurozone consumer confidence improves to -19.0 in May, beating -20.8 forecast
Eurozone consumer confidence improved to -19.0 in May, beating the -20.8 forecast, but remains well below its long-term average, signaling persistent economic weakness.
USDCAD reverses higher, buyers regain full control
USDCAD swung sharply as geopolitical tensions over Iran drove volatility in oil, yields, and equities, with buyers regaining control after a brief dip.
European stocks slip as Iran tensions and weak PMIs weigh
European equities fell on Thursday as renewed geopolitical tensions over Iran's nuclear stance and disappointing PMI data from the euro area and UK dampened risk appetite.
OSL Lists Gold-Backed Stablecoin USDKG on Hong Kong Exchange
OSL Group has listed USDKG, a gold-backed stablecoin issued by the Kyrgyz Republic, on its Hong Kong-licensed exchange, expanding Asia's digital asset market with a state-supervised, asset-backed digital currency.
Eurozone business activity falls at fastest pace in over two years in May
Eurozone business activity contracted at the fastest pace in over two years in May, with services at a 63-month low and manufacturing at a 3-month low, pointing to a likely Q2 contraction.
EasyJet CEO Flags Caution on Summer Bookings, Fuel Hedging
EasyJet CEO Kenton Jarvis flagged increased caution on summer bookings and fuel hedging, with the airline 58% sold for H2 fiscal 2026, down 2 percentage points year-on-year.
Indonesia Plans Tighter Control Over Commodity Exports
Indonesia's President Prabowo Subianto plans to create a new state entity under sovereign wealth fund Danantara to oversee commodity exports, surprising even some of his own officials.
AUD slides as Australian unemployment rate jumps in April
The Australian dollar weakened after a surprise jump in the unemployment rate to 4.2% in April, raising expectations of a rate cut by the Reserve Bank of Australia.
RBI Intervention Sends Indian Rupee Sharply Higher
The Reserve Bank of India intervened in the forex market, sending the rupee sharply higher as the currency had been under sustained pressure from energy price shocks and global risk aversion.
South Korea to launch 24-hour dollar-won trading from July 6
South Korea will launch 24-hour dollar-won spot trading from July 6, with a trial starting June 29, as part of a push for MSCI developed market upgrade.
Japan exports beat forecasts for eighth month as crude oil imports plunge
Japan's April exports rose 14.8% year-on-year, beating forecasts and producing a surprise trade surplus as crude oil import volumes collapsed 64%.
Crypto Custody Firm Copper Puts Itself Up For Sale at $500M Valuation
Cryptocurrency custody firm Copper has put itself up for sale with a $500 million price tag, tapping Cantor Fitzgerald to manage the sale after shelving IPO plans.
Moody’s Cuts Mexico Credit Rating to One Notch Above Junk
Moody’s downgraded Mexico’s credit rating to the lowest investment-grade tier, citing fiscal deterioration and raising the risk of a future junk rating.
Dow Chemical valuation in focus after project delays and asset review
Dow Chemical's stock has fallen 2.1% in a day and 4.3% in a week as investors assess valuation after project delays and a European asset review, despite strong short-term returns.
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NowPrice news curates headlines from established financial sources (CoinDesk, Decrypt, Investing.com, MarketWatch, OilPrice, Bloomberg and others). Our editorial team writes concise summaries in 5 languages. We don't republish articles — every story links back to the source.