 | | | | U.S. President Biden will meet Federal Reserve Chair Jerome Powell on Tuesday as historic inflation continues to drain Americans' pocketbooks. | | | | | | U.S. stock index futures fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors, with focus turning to talks between U.S. President Joe Biden and Fed Chair Jerome Powell later in the day. | | | | | | Democratic U.S. Senator Elizabeth Warren is planning a bill to crack down on the special purpose acquisition company, or SPAC, industry after a "proliferation" of bad deals that have often resulted in huge losses for investors, according to a report to be released Tuesday seen by Reuters. | | | | | | Euro zone inflation rose to another record high in May, boosting government bond yields as markets saw the data as a challenge to the European Central Bank's view that gradual interest rate increases from July will be enough to tame fast price growth. | | | | | | With the Federal Reserve set to begin letting bonds mature off its $9 trillion balance sheet, the key metric to watch will be whether Treasury volatility picks up a result in a market already suffering bouts of low liquidity. | | | | | | Sri Lanka's cash-strapped government on Tuesday announced a taxation overhaul to boost revenue amid the country's crippling economic crisis, hiking value added taxes and corporate income tax, and slashing the relief given to individual taxpayers. | | | | | | European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the early hours of Tuesday that aims to cut 90% of Russia's crude imports into the bloc by the end of the year. | | | | | | French transport trade unions on Tuesday hailed the success of their strike during the Champions League final between Liverpool and Real Madrid, which the French government said contributed to the public disorder that marred the showpiece event. | | | | | | UniCredit Chief Executive Andrea Orcel ruled out on Tuesday that talks with Italy's Treasury over the sale of state-owned bank Monte dei Paschi di Siena could resume. | | | | | | If you assumed crypto was just a young person's game, think again. | | | | | |
