21:50
Piastri wins Spanish GP, Verstappen penalised
McLaren's Australian driver Oscar Piastri won the Spanish Grand Prix, marking his fifth victory of the 2025 Formula 1 season.
US stock futures decline amid tariff concerns; Tesla shares fall
Reuters
US stock futures dropped amid growing concerns over the impact of the Trump administration’s tariffs. Major stocks like Nvidia, Meta, Amazon, and Tesla saw losses. China’s retaliatory tariffs and rising recession fears added to market uncertainty. Bitcoin also fell 4%.
US stock futures decline amid tariff concerns; Tesla shares fall
US stock index futures dropped on Monday as investor concerns grew over the economic impact of the Trump administration’s tariff policies. At 05:43 a.m. ET, Dow E-minis fell by 299 points (0.7%), S&P 500 E-minis declined 48.75 points (0.84%), and Nasdaq 100 E-minis were down 198.5 points (0.98%).
Major growth stocks also suffered losses, with Nvidia dropping 2%, while Meta and Amazon declined by over 1.3% each. Tesla shares fell 2.6% after UBS lowered its forecast for the company’s first-quarter deliveries and reduced its stock price target.
Markets are also reacting to China’s new retaliatory tariffs, set to take effect on Monday, and upcoming US tariffs on base metals. Uncertainty over trade policies has increased recession fears, with a Reuters poll showing that 91% of economists see rising risks of an economic downturn.
The S&P 500 saw its biggest weekly drop since September, while the Nasdaq has fallen over 10% from its December peak. Investors are awaiting key economic data this week, which could influence the Federal Reserve’s policy decisions. Meanwhile, crypto stocks slid as Bitcoin lost 4% in value.
21:26
19 confirmed dead, 6 missing after quarry collapse in Indonesia's West Java
The death toll from a quarry collapse in Indonesia’s West Java province rose to 19, with six people still missing, officials said on Sunday.
20:40
Ukraine’s peace proposal sets terms for ceasefire, security guarantees, and territorial talks
Ukraine has outlined its formal negotiating framework ahead of planned peace talks with Russia, set to take place on June 2 in Istanbul, according to a full document seen by Reuters.
19:01
U.S. expects Trump-Xi call to resolve mineral dispute amid trade tensions
U.S. Treasury Secretary Bessent said on Sunday that he expects President Donald Trump and Chinese President Xi Jinping to speak soon in an effort to resolve a growing dispute over critical minerals.
16:39
Moscow within range if Germany sends Taurus missiles to Ukraine, raising stakes in war
As Germany considers providing long-range Taurus missiles to Ukraine, military experts warn the move could enable Kyiv to strike targets deep inside Russian territory, including Moscow — a shift that could escalate tensions and draw NATO closer to direct confrontation.
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