Bank of Japan expected to raise benchmark rate to highest since 1995 at first policy meeting without governor in attendance

China consumer spending may contract for first time since pandemic, extending economic slowdown despite booming trade — Bloomberg

China's consumer spending may have contracted for the first time since the pandemic, a setback that would extend a slowdown in an economy whose momentum is faltering despite booming trade.

Volkswagen to cut 19,000 jobs by year-end, CEO says. The automaker is reducing its workforce as part of ongoing efficiency and cost-cutting efforts amid industry headwinds.

Volkswagen plans to cut 19,000 jobs by the end of the year, according to the company's CEO, as the automaker continues efforts to improve efficiency and lower costs amid industry challenges.

SpaceX seeks to raise $75B in share sale, filing shows — The company is selling 555.6 million shares at $135 apiece, valuing the reusable rocket firm at $1.77 trillion, according to an SEC filing.

SpaceX is seeking to raise $75 billion by selling 555.6 million shares at $135 each, according to an SEC filing. The deal values the company at $1.77 trillion, making it the seventh most-valuable U.S. company.

Japan's Nikkei futures jump 3.4% in early trade as risk appetite returns to Asian markets.

Japan's Nikkei futures surged 3.4% in early trade.