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UniCredit says it met its goal in Commerzbank bid as stake reaches 34%

Italian bank UniCredit has increased its direct stake in Commerzbank to 34.4%, it said on Tuesday, under the takeover bid it launched on May 5 amid widespread hostility in Germany.* Investors have tendered Commerzbank shares representing 7.6% of the Frankfurt-based bank's capital as of Tuesday, according to data UniCredit publishes weekly under German takeover rules.* The bid runs until June 16 and it is currently at a discount to market prices. Institutional investors typically wait with their decision until the last few days of the tender period.* UniCredit has said its voluntary exchange o

Trump signed order to promote advanced AI innovation and security, White House says

Bank of England's Bailey says public must be given confidence in 2% inflation target

Business|Economy|Environment|Political

New York sues over the Trump administration's deal to end an offshore wind project

New York’s attorney general sued the Trump administration Tuesday over one of its deals to end an offshore wind project. Under a deal made public in March, French company TotalEnergies is getting $1 billion — essentially a refund of its leases for offshore wind projects off New York and North Carolina — if it invests the money in fossil fuel projects instead. State attorneys general from Connecticut, Maine, Massachusetts, New Jersey, Rhode Island and Vermont joined New York in challenging the cancellation of the lease off of New York, the larg

Short seller Andrew Left convicted of securities fraud

The Latest: Polls open for races across the US as a busy primary election day gets underway

Lawyers, others plead not guilty to massive US insider trading scheme

Fifteen people, including a lawyer who worked at several major law firms, pleaded not guilty on Monday to U.S. charges that they participated in a decade-long scheme in which attorneys fed an insider trading ring tips about nearly 30 underway mergers.Nicolo Nourafchan, who had worked at the law firms Sidley Austin, Latham & Watkins and Goodwin Procter, was among the defendants who appeared in federal court in Boston to enter pleas to securities fraud and other charges.Thirty people in total have been charged with participating in the decade-long scheme, which prosecutors say netted tens o

Ex-FBI agents launch support group for employees struggling to adjust under Kash Patel’s leadership

Philadelphia man among over 35,000 former federal workers waiting for full retirement benefits

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The Latest: Rubio testifies before Congress for the first time since the start of the Iran war

Secretary of State Marco Rubio is facing a litany of questions Tuesday about the Trump administration’s fragile or stalling diplomatic efforts around the world when he appears for back-to-back hearings on Capitol Hill for the first time since the Iran war began. Senate Republicans are meeting Tuesday to discuss next steps after the Justice Department said it would comply with a court order pausing the implementation of a $1.776 billion settlement fund designed to compensate President Donald Trump’s political allies. Acting Attorney General Todd Bl

Economy|Political|US|World

US lawmakers to grill Rubio, as Iran war enters fourth month

Members of the U.S. Senate and House of Representatives get a rare chance this week to question Secretary of State Marco Rubio in public about President Donald Trump's foreign policy, as his fellow Republicans have been showing signs of concern about the Iran war.Rubio, who also serves as Trump's national security adviser, will testify on the State Department's budget request to the Senate Foreign Relations Committee, House of Representatives Foreign Affairs Committee and House and Senate appropriations subcommittees at two hearings over two days.The Trump administration is seeking congressio

Knicks' run to the NBA Finals is the talk of New York City: "It's about damn time"

Man charged with murder in Hawaii triple killing

Crime|Political|US|World

Mamdani-backed congressional candidate deleted posts calling to seize private property, abolish police, borders, prisons

Darializa Avila Chevalier, a democratic socialist congressional candidate endorsed by New York City Mayor Zohran Mamdani, deleted a previous Twitter account that included thousands of posts and reposts expressing support for abolishing police, prisons and borders, as well as seizing private property and nationalizing major industries and calling into question Israel’s right to exist.Avila Chevalier, a 32-year-old investigator at a public defender’s office in New York City and doctoral student, has emerged as one of the most prominent left-wing challengers in the country after Mamdani endor

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Trump plans to drop 'weaponization' fund, says Axios

U.S. President Donald Trump plans to drop his $1.8 billion "anti-weaponization" fund that would have benefited political allies, Axios reported on Monday, after a firestorm of criticism including from some of his fellow Republicans. "It's dead for now," said one of two senior administration officials cited by Axios.The fund, which would compensate victims of political "weaponization" with taxpayer money, emerged from a legal settlement between Trump's Justice ⁠Department and the Internal Revenue Service to resolve an unprecedented lawsuit in which the president had sought $10 billion

Trump says he spoke to Lebanon's Hezbollah through intermediaries

Trump reconsidering $1.8 billion fund, AP source says, as Justice Department temporarily pauses it

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Americas|Arts|Europe|Sports|World

Marta Kostyuk dedicates historic French Open quarterfinal win to ‘the Ukrainian people’

After beating compatriot Elina Svitolina in an all-Ukrainian quarterfinal at Roland Garros 6-3, 2-6, 6-2 on Tuesday, tennis player Marta Kostyuk was overcome with emotion.With tears rolling down her face, the 23-year-old addressed the French Open crowd after reaching the first grand slam semifinal of her career, dedicating her achievement to the people of Ukraine who continue to face an uncertain future amid the war with Russia.“I want to start with this historical match that we played today with Elina (Svitolina),” she said.“We had a very difficult night again in Ukraine, especial

Crime|Europe|Political|World

Massive Russian attack kills 18 people across Ukraine, officials say, as Moscow escalates fighting

Russia launched hundreds of drones and dozens of missiles against Kyiv and other Ukrainian cities overnight, killing at least 18 civilians and wounding 131 others, authorities said Tuesday. Russian President Vladimir Putin has escalated Moscow’s aerial campaign in recent weeks in an apparent bid to take advantage of Ukraine’s shortage of U.S.-made air defense systems and persuade an increasingly pessimistic audience at home that Moscow is prevailing in the 4-year-old war. Emergency rescue crews digging through the wreckage of apartment buildings pulled out the

Some hantavirus-exposed cruise ship passengers return home to finish quarantine

Andreeva and Kostyuk set up Russia-Ukraine clash in French Open semifinals

Business|Economy|World

94 days of paralysis: The Strait of Hormuz remains choked off

The most powerful shipping executives in the world are gathered in Athens this week for the annual International Shipping Exhibition. The hot topic: the Strait of Hormuz.President Donald Trump has said the strait’s reopening is imminent. Administration officials tout ships getting through the vital chokepoint.Yet most shipping executives remain unwilling to send their cargo ships through the 21-mile channel until the United States and Iran strike a definitive peace agreement that includes the safe reopening of the strait.The strait’s closure continues to cut off 20% of the world’s oil su

Restrictions on prediction market bets by US troops part of draft defense bill

Members of the US military may soon be barred from using prediction markets to bet on global events if a draft defense policy bill passes Congress and becomes law. The proposal comes after a high-profile case where a US special forces soldier is accused of using classified information to place bets tied to the capture of Nicolás Maduro.Draft bill text released last week by the House Armed Services Committee includes a requirement that Defense Secretary Pete Hegseth issue regulations banning members of the armed forces and Pentagon civilian employees from trading on prediction markets where th

Health officials oppose US plan to treat Ebola-exposed Americans overseas

At least 22 killed in heavy Russian attack on Ukrainian cities

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Election|Health|Political

This GOP congressman is running unopposed in Tuesday’s primary. He’s been missing from Washington for nearly three months

New Mexico ‘Truth Commission’ begins investigation into Epstein’s Zorro Ranch, will issue subpoenas

Election

What to watch in Tuesday's primaries as Democrats try to defend California and make inroads in Iowa

Democrats are trying to defend California and make inroads in Iowa in primary elections

Anthropic files to go public in a potentially trillion-dollar debut

Business|Economy|Health|Political

US agency announces interim guidance on Medicaid work requirements

The U.S. agency that runs the Medicare and Medicaid programs on Monday announced interim guidance on how states should implement new work requirements for

Business|Economy|Political

Anxious GOP lawmakers seek specific promise that DOJ fund is dead before moving on Trump agenda

Business|Entertainment|Finance|Stock Markets|Technology

Barry Diller's People bids for MGM Resorts, values casino operator at $18 billion

Education|Health|Interview|Political

Jill Biden shares update on Joe Biden’s cancer

Former first lady Jill Biden spoke with NBC’s Craig Melvin on “TODAY” about her husband’ cancer diagnosis. Former President Joe Biden was diagnosed with metastatic prostate cancer in 2025.

Business|Economy|Health|Technology

America’s job market looks strong. So why is it so difficult to find work?

Cognac is in a slump. Hennessy thinks it has a fix

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From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls