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Spotify forecasts second-quarter profit below estimates, shares slump

Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America.Shares of the company fell nearly 9% in premarket trading.Investors closely monitor Spotify's profitability after price hikes and cost-cutting efforts in recent years amid its growing focus on adding artificial intelligence features to improve discovery and engagement.Spotify expects operating income of 630 million euros ($736.41 million) for the second quarter, below LSEG-compiled ana

UK PM's former chief of staff says he was wrong to encourage Mandelson appointment

GM's core profit rises 22% on strong US truck sales

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Talons on show

What matters in U.S. and global markets todayBy Mike Dolan, Editor-at-Large, Finance and MarketsThis week’s pack of major central bank meetings got off to a hawkish start with the Bank of Japan. While it kept interest rates unchanged, three of its nine policymakers voted to hike interest rates and it also lifted its inflation forecast. Bets on another rise in Japan’s policy rate as soon as June are increasing.Now attention will turn to the other G7 central bank meetings this week - including the Bank of England, European Central Bank and Federal Reserve. None are expected to alter intere

Elon Musk to testify in a case that could change the path of AI

As war nears two months, displaced Lebanese family sinks into despair

Business|Economy

Canada's fiscal update to show improved deficit, revenue projections

Canada's fiscal update on Tuesday is likely to show the budget deficit improved and revenues rose in the last fiscal year but gains from higher oil prices were largely offset by weak consumer spending and new spending measures, economists said. While Canada's economy has slowed in the past year since Prime Minister Mark Carney took office, it has withstood the impact of U.S. President Donald Trump's tariffs better than expected."There will be good news ... on the fiscal situation," Carney said on Monday.The government's performance on hitting deficit targets and getting spending under contr

Purdue Pharma to be sentenced, paving way for opioid settlement

Trump push for state voter rolls rebuffed by courts as midterms near

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King Charles set to emphasize the US and UK’s shared history in address to Congress

Britain’s King Charles III will emphasize the long history and democratic values his country shares with the United States in an address to a joint session of Congress on Tuesday, delivered while relations between the two nations are at an unusually low ebb.He will start his speech, which is expected to last around 20 minutes, by expressing solidarity and talk about how the US and United Kingdom stand shoulder-to-shoulder. He will say that he brings “the highest regard and friendship of the British people to the people of the United States” as the nation marks its 250th anniversary of in

What Kimmel said about Melania and why Trump wants him fired

Late-night host Jimmy Kimmel found himself defending Americans’ right to free speech on Monday, after a joke he made several days ago prompted calls from the White House for ABC to fire him – again.“You know sometimes you wake up in the morning and the first lady puts out a statement demanding you be fired from your job? We’ve all been there, right?” Kimmel asked at the beginning of his monologue on Monday’s episode of “Jimmy Kimmel Live!”“What a day.”The pressure – which is also coming from President Donald Trump and a host of his allies – has created a headache for ne

Hegseth and Kid Rock went ‘for a ride’ with Army helicopter pilots weeks after previous Apache incident sparked criticism

King Charles to promote British-American unity in speech to Congress

Line of succession: Who was and was not at the White House Correspondents’ Dinner

White House and Department of Homeland Security leaders will meet this week to discuss security procedures around events involving President Donald Trump after Saturday’s shooting at the White House Correspondents’ Dinner.The incident has raised security questions, including over the line of succession. CNN previously reported that some Secret Service officials have been reluctant to have both the vice president and the president attend events together off the White House grounds.White House press secretary Karoline Leavitt said Monday there were conversations before the dinner about desig

The Latest: Iran wants Strait of Hormuz reopening tied to an end to the war, officials say

Iran has offered to end its chokehold on the Strait of Hormuz in exchange for the U.S. lifting its blockade on the country and an end to the war, two regional officials said Monday. Under the proposal, discussions on the larger question of Iran's nuclear program would come later. U.S. President Donald Trump seems unlikely to accept the offer. The existing ceasefire keeps the U.S. and Iran in a fragile standoff over the strait. Iran’s Foreign Minister Abbas Araghchi was in Russia Monday for a meeting with President Vladimir Putin as part of a trip t

‘The US ripping itself apart’: What the online history of suspected shooter reveals

Suspected shooter’s social media posts show shift from video games to political rage

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Iran’s economy was in a dire state before the war. Now millions face job losses and poverty

Asal, a freelance designer in her 30s living in Tehran, used to get projects from abroad all the time.But after nearly two months without the internet, she told CNN by phone, “no new projects, no replies. It’s like everything just stopped overnight.”On the verge of tears, she said her income doesn’t even cover her basic expenses anymore. She and others who spoke with CNN for this story asked only to use their first name for privacy reasons.Asal is one of several million Iranians for whom Iran’s conflict with the United States and Israel is deeply personal. They have lost their work a

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Sri Lanka arrests 22 Buddhist monks allegedly carrying over 110 kilos of cannabis at airport

Sri Lankan authorities said 22 Buddhist monks were arrested for possession of over 110 kilograms of cannabis – illegal in the South Asian nation – at the international airport in the capital Colombo, the largest ever drug bust at the terminal.Authorities said the men, who were returning from Thailand, had suitcases each containing more than five kilograms (11 lbs) of cannabis at the Bandaranaike International Airport, according to the state-owned Daily News.Police said the operation was carried out based on a tip-off.They allege the drugs were concealed inside luggage using specially modif

Gunman, reportedly age 89, opens fire at 2 locations in Greek capital, wounding several people

Oil prices rise 3% as Iran war stand-off persists

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King Charles to promote British-American unity in speech to Congress

Britain's King Charles will press the importance of unity with the United States and the need to defend democratic values in an address to Congress on Tuesday at a time of deep divisions between the two countries over the war in Iran. Charles and Queen Camilla are on a four-day state visit to the U.S. designed to underscore the ties forged between Britain and its former colony over the 250 years since independence, known in recent decades as the "special relationship". The king will steer clear of the political acrimony between President Donald Trump and British Prime Minister Keir Starmer

MidEast|Political|World

Trump unhappy with Iranian proposal, US official says

A U.S. official said on Monday that President Donald Trump is unhappy with an Iranian proposal because it did not address Iran's nuclear program."He doesn't love the proposal," the U.S. official said, referring to Trump.Earlier in the day, Trump discussed the proposal with his top national security aides. The U.S.-Iran conflict remains in a stalemate with energy supplies from the region reduced.Iranian sources earlier on Monday said the proposal would set ‌aside discussion of Iran's nuclear program until the war has ended and disputes over shipping from the Gulf are resolved. Washington has