Economy
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Piper Sandler cuts Rollins stock rating on AI search concerns
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U.S. yields surge past 5% as hot PMI data and failed auctions spark sharp sell-off
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flatexDEGIRO launches German retirement savings accounts
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BoE’s Lombardelli sees rates rising if energy prices stay high
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Fed’s Williams says it is reasonable to see another US rate hike this year
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Citi double-upgrades MTU Aero Engines to Buy on cash conversion inflection
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Bank of England may tighten policy if energy prices stay high
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Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education
Just as the Trump administration has retreated from supporting higher education institutions, billionaire philanthropists have jumped in. MacKenzie Scott has donated more than $1 billion collectively to HBCUs, and Nike cofounder Phil Knight just made the largest known donation to a public flagship university. The University of Oregon, where Knight graduated in 1959, announced Wednesday…
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China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat
China keeps growing its share of global cargo sales, indicating the Trump administration’s tariffs meant to punish the country are instead an obstacle that China has successfully navigated. China now accounts for 40% of the world’s container exports on a rolling three-month basis, a 2.5% increase from nine months ago and its highest-ever levels, Jens…