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[ad_1] CNN  —  President Donald Trump and other heads of state are set to gather in Canada for the annual G7 summit just days after Israel’s unprecedented strike on Iran. Ordinarily, such a development would dominate the high-level discussions, but this time around, world leaders will likely need to also focus on another pressing issue: trade. “You can’t afford not to talk about it, from any country’s perspective,” said Josh Lipsky, chair of international economics at the Atlantic Council. It’s less than a month until July 9, President Donald Trump’s self-imposed deadline for when dozens of countries, including several present…

[ad_1] Hong Kong CNN  —  Taiwan has added China’s tech titan Huawei and chip giant Semiconductor Manufacturing International Corporation (SMIC) to its export control list, stepping up efforts to align with Washington’s crackdown on companies driving Beijing’s artificial intelligence ambitions. Citing “concerns over weapons proliferation and national security,” Taiwan’s International Trade Administration updated its list of what it calls strategic high-tech commodities entities last week to include Huawei and SMIC, among hundreds of other entities in China, Myanmar, Russia, Iran and Pakistan. Under the restrictions, Taiwanese businesses will be required to apply for permits before exporting to the listed firms.…

[ad_1] CNN  —  Americans face a shortage of affordable homes, but the mega tax and spending bill championed by the Trump administration has the potential to shape housing affordability for years to come. The “One Big Beautiful Bill” Act, a linchpin of President Donald Trump’s economic agenda, is primarily a sweeping tax overhaul, intended to make the 2017 tax cuts passed during Trump’s first administration permanent. The version passed by House Republicans last month, now being deliberated in the Senate, would also push more Americans off Medicaid and food assistance, according to multiple assessments. The bill is also estimated to…

[ad_1] Equity bears are growling, and bulls are sharpening their horns. I see an imminent retest of the S & P 500’s all-time high as a market melt-up seems to be underway. I want to use options to carefully capture another leg up after the SPDR S & P 500 ETF Trust (SPY) has bounced 21% since “liberation day” lows back in April and geopolitical tensions ratchet up. In the wake of President Donald Trump announcing his surprising trade tariff plans back in April, there were calls for a recession, a repeat of Black Monday and hyper-inflation. In addition, a…

[ad_1] CNN  —  American car buyers braced for the worst when President Donald Trump’s auto tariffs started taking effect in April. But so far, prices are little changed. However, industry experts don’t expect that will remain true for long if tariffs stay in place— so Americans may want to buy a car now before prices start to rise within a few months. “So far there’s a mismatch between the expectation of what would happen, and the reality of what has happened with prices,” said Ivan Drury, director of insights at car buying research site Edmunds.com. “But I still think we’re…

[ad_1] Sword Health, an AI-powered digital health startup, has raised $40 million at a $4 billion valuation, a 33% jump from the $3 billion price tag it earned just a year ago. The funding was led by returning investor General Catalyst. Even though 10-year-old Sword Health is cash-flow positive, its CEO and founder, Virgílio Bento, told TechCrunch that he opted to raise additional capital for two key reasons: to update the company’s valuation, and have funds readily available for strategic acquisitions. Sword Health, which began as a virtual physical therapist and has since expanded into offering pelvic health and mental…

[ad_1] Stay informed with free updatesSimply sign up to the EU energy myFT Digest — delivered directly to your inbox.The EU must be open to resuming Russian gas imports in the event of a peace deal being brokered to end the war in Ukraine, Austria has said, despite a newly proposed EU-wide ban on Russia’s fossil fuel.Brussels “must maintain the option to reassess the situation once the war has ended”, the Austrian energy ministry told the Financial Times.Elisabeth Zehetner, the Austrian state secretary for energy, made a similar plea to her EU peers at a meeting in Luxembourg on Monday,…

[ad_1] New York CNN  —  Healthcare costs are expected to rise in 2025 and older adults are increasingly looking to age in place — trends Samsung is targeting to get a bigger piece of the digital health market. And the company’s upcoming smartwatch update is another step in that direction, says Hon Pak, vice president and head of the digital health team for Samsung’s mobile business. “You have an aging population with increasing prevalence of chronic diseases, and then you have costs going up,” Pak said in a CNN interview. “And so all of those pressures are leading to care…

[ad_1] CNN  —  Voice of America’s Persian-language operations are back up and running as the US government tries to beam information into Iran amid the widening conflict between Israel and Iran. Voice of America and another US-funded international network, Radio Free Europe/Radio Liberty, are promoting their programming — partly to persuade the Trump administration to keep the proverbial lights on. “Iranians flocked to us for reliable news,” Radio Free Europe/Radio Liberty editor in chief Nicola Natasha Careem said in a memo, crediting the network’s Persian language branch, Radio Farda, with reaching “audiences inside Iran despite every conceivable attempt to silence…

[ad_1] Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Tuesday President Donald Trump’s tariffs against various countries could result in a global trade war and economic downturn, it’s just impossible to handicap. “If there’s a trade war, chances are we go into a global recession,” Eisman said on CNBC’s ” Squawk Box .” “It reminds me a little bit about all the books I’ve read in life about World War I. Nobody wanted World War I, and yet, because of all the reciprocal treaties that existed between countries, they somehow ended up there. I…