News

Starbucks (SBUX.O) plans to open a technology office in India, which is expected to be operational in the company's fiscal year 2027, according to emails. This will be Starbucks' first corporate office in India.

California Governor Newsom: Last year, Trump and Republicans chose to raise health insurance premiums for millions of Americans in the Affordable Care Act (ACA) health insurance market. My proposed budget will help clean up the fiscal mess Trump has created by preserving a $0-a-month health insurance plan for low-income Californians.

On May 15, local time, the U.S. Supreme Court rejected a request by Virginia Democrats to restore a federal House of Representatives district map that was considered favorable to the Democrats. The ruling means that the relevant gerrymandering will maintain the status quo before the November midterm elections.

According to people familiar with the matter, Arm (ARM.O) will face a U.S. antitrust investigation involving chip technology.

British government spokesman: Efforts are being made to finalize the defense investment plan and the plan will be announced as soon as possible.

Fitch: Renewable energy shock disrupts Germany's fragile recovery.

Fitch: Germany's general government debt is expected to continue rising and will exceed 70% of GDP by 2029.

Fitch affirmed Germany's rating as "AAA" with a stable outlook. Fitch said Germany's public finances will weaken significantly as increases in defense and infrastructure spending outpace still-strong revenue growth.

Goldman Sachs is optimistic on gold and reiterated its end-2026 target of $5,400 an ounce. Goldman Sachs expects central bank gold purchases to increase, reaching an average of 60 tons per month by 2026. Goldman Sachs also said its updated 12-month moving average forecast showed central bank gold purchases of 50 tonnes per month in March, compared with its previous forecast of 29 tonnes per month.

On May 15, local time, the Federal Reserve issued a statement stating that current Chairman Jerome Powell will temporarily serve as "interim Chairman" until Kevin Warsh is officially sworn in as Chairman of the Federal Reserve. Powell's term as chairman expires on Friday.

According to the British Daily Telegraph: British ministers believe that if Burnham wins the Makefield by-election, Prime Minister Starmer may consider resigning as prime minister.

Market News: BlackRock’s private credit fund valuations are under investigation by the U.S. Department of Justice.

U.S. Securities and Exchange Commission documents show that Nvidia increased its stake in CoreWeave by 94.5% to 47.2 million shares.

U.S. Securities and Exchange Commission documents show that Berkshire Hathaway reduced its holdings in Chevron (CVX.N) by 35.2% to 84.4 million shares.

U.S. Securities and Exchange Commission documents show: Berkshire Hathaway liquidated Amazon (AMZN.O) shares.

The Dow Jones Index closed down 537.35 points, or 1.07%, at 49526.11 points on May 15 (Friday);The S&P 500 Index closed down 92.7 points on May 15 (Friday) 4 points, a decrease of 1.24%, to 7408.50 points;The Nasdaq Composite Index closed down 410.08 points, or 1.54%, to 26225.14 points on May 15 (Friday).

Canadian Prime Minister Carney: I think the new crude oil pipeline from Alberta to the Pacific Coast will attract a lot of attention.

Lebanese Ambassador to the United States: Our goal is to transform the current ceasefire momentum into a comprehensive and lasting agreement that preserves the dignity of the Lebanese people.

U.S. Commodity Futures Trading Commission (CFTC): In the week ending May 12, 2026, the net short position in the yen was -75,102 lots, and in the week ending May 12, 2026, the net short position in the pound was -43,059 lots.

U.S. Commodity Futures Trading Commission (CFTC): In the week ended May 12, natural gas speculators in the four major New York Mercantile Exchange and Intercontinental Exchange markets increased their net short positions by 13,602 lots to 22,253 lots.