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Markets rally as U.S. stocks hit record highs amid expectations of aggressive Fed rate cuts following a massive downward job growth revision. Tech shares including Oracle surge on AI-driven demand, while energy prices remain volatile amid Middle East tensions and global geopolitical risks.
The Federal Reserve faces a legal battle as multiple courts block President Trump’s attempt to fire Federal Reserve Governor Lisa Cook, maintaining the central bank’s independence amid political tensions.
911,000 fewer jobs added in U.S. economy over 12 months ending March 2025, largest downward revision ever.
Oracle Corporation impresses markets with a massive $455 billion cloud orders backlog, boosting its shares and showcasing strong AI-driven demand despite slight earnings misses.
Novo Nordisk announces a significant workforce reduction of 9,000 jobs as competition intensifies in the obesity drug market, signaling a major realignment in pharmaceutical sector employment.
Oracle Soars on $455 Billion Cloud Backlog Amid AI Boom
Oracle’s record cloud orders and bullish outlook have lifted its shares sharply, reflecting strong AI-driven demand and market confidence in its growth trajectory.
More on reuters.com
Poland reacts to multiple incursions of Russian drones by shooting them down, escalating tensions as it considers activating NATO’s Article 4 for collective defense consultations.
Apple unveils its thinnest iPhone yet, the iPhone Air, accompanied by upgrades to AirPods and Apple Watches, setting a new design milestone while largely sidestepping AI improvements.
Novo Nordisk to Axe 9,000 Jobs as Competition Heats Up
Facing intense competition in the obesity drug sector, Novo Nordisk announced significant job cuts, signaling challenges ahead for the pharmaceutical giant.
More on euronews.com
The Supreme Court expedites review of the legality of President Trump’s sweeping global tariffs, setting the stage for a pivotal decision on executive trade powers.
Meta and TikTok win partial legal victories against EU supervisory fees, challenging the European Commission’s enforcement under the Digital Services Act amid jurisdictional disputes.
European Commission proposes sanctions on extremist Israeli ministers and settlers; EU pledges €6 billion drone support to Ukraine; U.S. Federal Reserve firing attempt faces judicial block.
The ongoing U.S. immigration raid on Hyundai’s Georgia plant sparks tensions with South Korea amid mixed signals from the Trump administration and concerns over the impact on manufacturing jobs.
Klarna’s U.S. IPO prices above target range, raising $1.37 billion but at a valuation 66% below its 2021 peak, testing renewed market appetite for fintech stocks amid economic uncertainty.
“The independence of the Federal Reserve must be preserved at all costs.”
— Federal Judge Jia Cobb
The U.S. Labor Department revises job growth data down by 911,000 for 2024-2025, igniting concerns over economic slowdown and sparking debate on the true health of the labor market.
European Commission proposes sanctions targeting Israeli ministers and settler groups amid escalating Middle East conflict, while pledging financial support to Ukraine including a €6 billion drone alliance.
Europe grapples with deepening political turmoil as France’s prime minister resigns following confidence vote, highlighting instability ahead of tense elections and social unrest.
Asia markets track Wall Street gains buoyed by Fed rate-cut hopes and easing inflation fears, with strong performances in South Korea and optimism around upcoming U.S. economic data.
Unprecedented legal battles around Federal Reserve governor firings and tariff legality expose tensions in U.S. government’s executive powers and central bank independence.
Apple’s latest product launch spotlights the ultra-thin iPhone Air and upgraded AirPods Pro 3 with live translation, cementing Apple’s focus on design and hardware enhancements over AI features.
Wall Street indexes reach record highs boosted by a sharp downward revision in U.S. jobs data that raises expectations for more aggressive Federal Reserve rate cuts.
Microsoft shifts AI strategy by securing deal to buy Anthropic models for Office 365, signaling diversification away from OpenAI amidst rising industry competition.
China’s deflation deepens as consumer prices fall more than expected, raising concerns about weakening domestic demand and future economic growth prospects.
Poland and NATO allies scramble jets as Russian drone incursions escalate, marking a significant military escalation and signaling rising tensions on Europe’s eastern flank.
Asia-Pacific insurance sector sees new growth opportunities amid rising climate-related risks, as companies look to capitalize on insurance needs from environmental changes.
Huge migration protests and political upheaval in Nepal culminate in the resignation of Prime Minister K.P. Sharma Oli amid demands for social media freedom and democratic reform.
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