Shein files for Hong Kong IPO in hopes of salvaging London listing: FT report
Shein previously filed to list in London around 18 months prior, but has struggled to receive regulatory approval.
Financial News
Bessent: Tariffs will ‘boomerang’ back to April levels by Aug. 1 for countries without deals
President Donald Trump in April announced a 90-day pause on the tariffs he had unveiled just days prior on virtually every major trading partner.
Musk shreds Trump’s tax bill as ‘DEBT SLAVERY,’ vows to unseat Republicans who back it
Musk’s latest tirade came as the voting is underway in the Senate on dozens of amendments to the massive Trump-backed tax bill.
China’s biggest public AI drop since DeepSeek, Baidu’s open source Ernie, is about to hit the market
Chinese internet search giant Baidu will open source its Ernie gen AI large language model as soon as this week, with uncertain consequences for the market.
U.S. enters war between Israel and Iran
President Donald Trump said “there are many targets left” in Iran if talks failed to end the war with Israel.
Trump gets his long-sought military parade as protests erupt nationwide
Outside of Washington, D.C., thousands of President Trump’s opponents gathered as part of “No Kings Day” demonstrations to protest his administration’s policies.
Trade tensions aren’t stopping Chinese companies from pushing into the U.S.
Chinese companies are so intent on global expansion that even a new IPO on the mainland counts the U.S. as one of its biggest markets, on par with China.
CNBC’s UK Exchange newsletter: No easy answers for Reeves
The U.K. chancellor is set to raise spending on defense and healthcare but faces pressure to save money elsewhere due to her fiscal rules.
China’s exports to the U.S. clock their sharpest drop in more than 5 years — down over 34% in May
U.S. and China struck a preliminary deal in Geneva, Switzerland, last month that led both sides to drop a majority of tariffs.
Trump to deploy National Guard in response to Los Angeles immigration protests
California Gov. Gavin Newsom said that Trump was being “purposefully inflammatory” in sending National Guard troops to L.A.