United States · Business
Same event, multiple sources, transparently cited.
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Jeff Bezos urges zero federal income tax on bottom 50% of U.S. earners
Jeff Bezos called on May 20, 2026, to eliminate federal income taxes for the bottom half of U.S. earners, citing fairness and low revenue impact.
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Tesla Cybertruck driver arrested after driving into Texas lake to test Wade Mode
Jimmy Jack McDaniel drove his Tesla Cybertruck into Grapevine Lake, Texas, to test its Wade Mode feature, leading to vehicle disablement and his arrest on May 18.
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Japan’s 30-Year Bond Yields Reach Record Highs as Pimco Takes Bullish Stance
Japan’s long-term bond yields hit record levels amid inflation worries; Pimco bullish on 30-year bonds and bearish on 10-year notes.
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UK Proposes Three-Year Visa for £5 Million Investors to Boost Residency Pathway
The UK government unveiled a plan for a new visa offering three years of residency to investors contributing at least £5 million to key sectors.
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US 30-year mortgage rates climb to near two-month highs amid inflation and Iran war tensions
The average 30-year fixed mortgage rate rose to around 6.56% in mid-May 2026, driven by higher Treasury yields amid inflation and geopolitical tensions.
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Standard Chartered CEO apologises for remarks amid plan to cut 8,000 support roles by 2030
Standard Chartered CEO Bill Winters apologised after backlash over comments on AI-driven job cuts affecting nearly 8,000 support staff.
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Japan Monitors US Treasury Sales, Warns Against Yen Depreciation and Market Volatility
Japan’s Ministry of Finance is closely watching US Treasury bond sales amid risks of yen depreciation and foreign exchange market volatility.
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US Treasury settles Iran sanctions case with Adani Enterprises, DOJ drops criminal charges
Indian billionaire Gautam Adani and Adani Enterprises agreed to pay $275 million over Iran sanctions; US DOJ dropped related criminal bribery charges.
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US Treasury Secretary Bessent urges G7 to enforce Iran sanctions at Paris summit
Treasury Secretary Scott Bessent called on G7 allies to aggressively enforce sanctions on Iran during a Paris conference today.
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Stephen Colbert Hosts Final 'The Late Show' Episode as CBS Ends 33-Year Run
Stephen Colbert hosted the final episode of CBS's 'The Late Show' on May 21, ending the series after 33 years.
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Nvidia reports record $81.6B Q1 revenue driven by AI amid global market volatility
Nvidia reported $81.62 billion revenue for Q1 2026, led by strong AI demand, beating analyst estimates amid a turbulent market.
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EU finalizes trade deal implementation with U.S. ahead of Trump tariff deadline
The European Union finalized the legislative text for its trade deal with the United States after months of negotiations, clearing a major hurdle before the July 4 deadline.
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US Justice Department moves to drop criminal fraud charges against Gautam Adani
The US Justice Department sought to drop criminal fraud charges against Indian billionaire Gautam Adani on May 19, 2026.
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Meta cuts 8,000 jobs globally, shifts 7,000 employees to AI teams amid restructuring
Meta announced 8,000 global layoffs and transferred 7,000 employees to AI-focused teams as part of a major workforce restructuring.
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Lululemon and founder Chip Wilson escalate proxy battle ahead of June 25 meeting
Lululemon and founder Chip Wilson intensified their proxy fight after failed settlement talks over board appointments.
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30-year US Treasury yields hit highest levels since 2007 amid inflation concerns
30-year US Treasury yields rose above 5.15%, reaching around 5.20% on May 19, the highest since 2007, driven by inflation and geopolitical risks.
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Shein to acquire US apparel brand Everlane for $100 million
Chinese e-commerce giant Shein is acquiring US apparel retailer Everlane for $100 million, approved by Everlane’s board on May 16, 2026.
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Trump regrets not securing larger US government stake in Intel amid chip surge
Donald Trump said he should have asked for a bigger US government stake in Intel during 2025 negotiations that led to a $10B investment and 10% ownership.
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NextEra Energy to acquire Dominion Energy in $67 billion all-stock deal
NextEra Energy announced plans to buy Dominion Energy in a $67 billion merger creating the largest U.S. regulated electric utility by market value.
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Siemens announces €6 billion share buyback amid rising orders and profit misses
Siemens will repurchase up to €6 billion of shares over five years despite profit decline and geopolitical challenges.
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European stocks rise as technology gains and UK politics stir investor interest
The Stoxx Europe 600 Index climbed 0.8% as life sciences and tech stocks gained amid UK political tensions and US-China talks.
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Consumers sue Amazon for failing to refund unlawful tariff costs from Trump-era duties
A class action lawsuit was filed May 15, 2026, against Amazon in Seattle seeking refunds for unlawful tariffs passed to consumers.
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Swatch-Audemars Piguet Royal Pop watch launch triggers chaos and store closures worldwide
Swatch's Royal Pop watch launch on May 16 sparked large crowds, fights, police interventions, and store closures in major cities globally.
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JPMorgan warns UK bank tax hikes could end London HQ plans
JPMorgan CEO Jamie Dimon warned higher UK bank taxes may force the bank to scrap its planned London headquarters.