United States · Business
Same event, multiple sources, transparently cited.
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Global oil inventories fall at record pace in May as US gas prices hit multi-year highs
Global oil stockpiles shrank by 8.7 million barrels per day in May amid Middle East conflict, pushing US gasoline prices above $4.50 per gallon.
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Bond traders price in Federal Reserve rate hike by end of 2026 under Chair Warsh
Bond traders expect at least one Federal Reserve interest rate hike by end of 2026 as Kevin Warsh takes over as Fed Chair.
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Volvo launches EX60 electric SUV with U.S. prices starting at $58,400
Volvo revealed its new EX60 all-electric SUV with U.S. pricing and summer 2026 delivery plans, plus a new affordable EV for 2027.
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Goldman Sachs to pay $500 million to settle 1MDB shareholder lawsuit
Goldman Sachs agreed to pay $500 million to settle a class action accusing it of defrauding shareholders in the 1MDB scandal.
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Oura files confidential IPO with $11 billion valuation after strong sales growth
Oura filed a confidential IPO prospectus with the SEC, valuing the smart ring maker at $11 billion following rapid revenue growth and 5.5 million rings sold.
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Stellantis unveils $70 billion five-year plan targeting turnaround by 2028
Stellantis announced a 60 billion euro strategic plan to achieve positive cash flow by 2028 and launch over 60 new vehicles by 2030.
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Iran war sparks sharp rise in global bond yields and weakens Asian currencies
The Iran war has pushed oil prices up 40%, driving bond yields higher worldwide and weakening Asian currencies since February 2026.
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Nvidia reports record $81.6 billion revenue led by $75.2 billion data center sales
Nvidia posted record first-quarter revenue of $81.6 billion and net income of $58.3 billion, driven by strong AI data center growth.
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Fed officials signal possible rate hikes if inflation stays above 2%, dissent rises
A majority of Federal Reserve officials warned on April 28-29 that rate hikes would be needed if inflation remains persistently above 2% while keeping rates steady at 3.5%-3.75%.
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Spotify and Universal Music Group launch paid AI covers and remixes tool for Premium users
Spotify and Universal Music Group unveiled a paid AI-generated covers and remixes feature for Spotify Premium subscribers.
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Mercedes-AMG unveils all-electric AMG GT 4-door coupe, ending V8 era
Mercedes-AMG revealed the all-electric AMG GT 4-door coupe with up to 1,153 hp, triple electric motors, and 0-60 mph in about 2 seconds
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Spotify to Reserve Concert Tickets for Top Fans with New 'Reserved' Feature Launching Summer 2026
Spotify will launch 'Reserved,' a feature that lets top fans buy concert tickets early starting summer 2026 in the U.S.
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Gold prices rise modestly on hopes for US-Iran truce and easing rate hike concerns
Gold prices held gains near $4,540 an ounce on May 20-21 amid US-Iran truce optimism and retreating US Treasury yields.
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JPMorgan to hire more AI specialists, fewer traditional bankers as AI adoption grows
JPMorgan CEO Jamie Dimon said the bank will hire more AI experts and fewer traditional bankers amid accelerating AI use.
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JPMorgan CEO Jamie Dimon warns interest rates may rise far above current levels
JPMorgan CEO Jamie Dimon cautioned today that interest rates could climb significantly higher, posing risks to bond investors.
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SoftBank-backed SB Energy files confidential US IPO amid AI data center boom
SB Energy filed a confidential draft registration with the US SEC on May 20 to prepare for a US IPO, driven by AI data center demand.
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Americans adopt creative ways to cut fuel costs as gas prices soar to $4.50 per gallon
Mali Hightower from Georgia modified a toy car to save on fuel amid US gas prices rising past $4.50 a gallon.
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SpaceX files for up to $75B Nasdaq IPO with Musk retaining 85% voting control
SpaceX filed IPO plans on May 20-21 aiming to raise $75 billion, valuing the company up to $2 trillion with Musk keeping voting control[s1,s4].
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Minnesota enacts first US state ban on prediction markets; CFTC sues to block it
Minnesota passed a law banning prediction markets, prompting the CFTC to file a lawsuit to prevent the ban from taking effect.
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Sinkhole near runway 4/22 closes LaGuardia Airport runway, disrupting flights
A sinkhole discovered May 20 near runway 4/22 at LaGuardia Airport led to a runway closure and widespread flight delays and cancellations.
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James Murdoch to Acquire Half of Vox Media for $300 Million Including New York Magazine and Podcast Network
James Murdoch, via Lupa Systems, is buying about half of Vox Media for $300 million, including New York Magazine and Vox’s podcast network.
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OpenAI plans IPO filing soon, targets public listing in fall 2026
OpenAI is preparing to file for an IPO soon, aiming to go public in fall 2026 with an estimated valuation near $1 trillion.
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Kevin Warsh sworn in as 17th Federal Reserve chair amid inflation and political pressure
Kevin Warsh was sworn in May 22 as the 17th chair of the US Federal Reserve, pledging reform amid rising inflation and political tensions.
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US regulators propose overhaul of CAMELS bank rating system
US regulators announced plans to reform the CAMELS bank rating process on May 19, focusing on transparency and financial risks.