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Trump clashes with world leaders on trade, climate at the 'the most challenging G7 summit in years'.

Reuters/Philippe WojazerTAORMINA, Italy - Leaders from the world's major industrialized nations began talks on Friday at a G7 summit in Sicily which is expected to expose deep divisions with U.S. President Donald Trump over trade and climate change. The two-day summit, at a cliff-top hotel overlooking the Mediterranean, ...

- Business Insider - US

Oil prices see-saw, sterling hit as May's lead shrinks.

LONDON - Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election.

- Reuters - US

OPEC disappointment hits oil, stocks; sterling down on UK vote jitters.

SINGAPORE - Oil prices weakened on Friday, prompting a move away from riskier assets and depressing Asian stocks, after an OPEC agreement to extend cuts in crude production for a further nine months disappointed investors who had bet on bigger output cuts.

- Reuters - US

Trump calls North Korea 'a big problem' that 'will be solved'.

REUTERS/Christian HartmannTaormina - US President Donald Trump said Friday the "problem" of an increasingly belligerent North Korea would be "solved", as he met with his Japanese counterpart Shinzo Abe just before the start of the G7 summit. "It's a big problem, it's a world problem," he said in the Sicilian town of ...

- Business Insider - US

LeBron James gave a revealing quote about the giant test that awaits the Cavaliers in the Finals.

Elsa/GettyAfter knocking off the Boston Celtics on Thursday to advance to his seventh straight NBA Finals, LeBron James wasn't quite ready to think about the Golden State Warriors. James and the Cleveland Cavaliers have been dominant this postseason, going 12-1 to advance to the Finals, sweeping their first two opponents. ...

- Business Insider - US

Big Payoff After Blackstone Courted a Saudi Prince.

Saudi Arabia’s largest sovereign wealth fund will make a $20 billion investment in a new Blackstone infrastructure project, which could then double in size.

- New York Times - US

War monitor: US airstrikes in Syrian town have killed 100 including 40 children.

Khalil Ashawi/Reuters Air strikes since Thursday evening have killed more than 100 people including children and other family members of Islamic State fighters in al-Mayadin, a town held by the jihadists near Deir al-Zor in eastern Syria, a war monitor reported. The Britain-based Syrian Observatory for Human Rights said the ...

- Business Insider - US

Here comes GDP ...

Justin Merriman/GettyThe Commerce Department will release its second estimate of first-quarter US GDP at 8:30 a.m. ET. Economists estimate that gross domestic product rose 0.9%, improved from the advance estimate of 0.7% that was based on incomplete data. The first reading was the slowest pace in three years. Personal ...

- Business Insider - US

This deal brings Sony's best noise-cancelling headphones down to their lowest price ever.

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. AmazonRight now you can save $140 on the recently-released MDR1000x headphones by buying certified refurbished pair. If you're worried about buying hardware ...

- Business Insider - US

Under martial law, Duterte tells troops 'you can arrest any person'.

Associated Press/Bullit MarquezILIGAN, Philippines — Philippine President Rodrigo Duterte is telling troops fighting Muslim militants for the control of southern Marawi city to use martial law powers to defeat the Islamic State group-linked extremists. Duterte said in a Friday speech to the troops in Illigan, near Marawi ...

- Business Insider - US

The final 'Game of Thrones' season will only have 6 episodes.

HBOThe night is dark and full of fewer episodes than you probably wanted: Entertainment Weekly reports that the official episode count for the eighth and final season of "Game of Thrones" will be six episodes. That's one less episode than the shortened seventh season, which premieres its seven-episode run on July 16. Every ...

- Business Insider - US

Tesla just deployed a new marketing strategy to avoid misperceptions about its long-awaited Model 3

REUTERS/Joe White/File PhotoTesla is still actively trying to avoid misperceptions about its long-awaited Model 3 as it inches closer to production. The electric carmaker has designed a new webpage to clarify that the Model 3 is not a next-generation Model S. "Model 3 is designed and built as a mass market, affordable ...

- Business Insider - US

The 3 plays in sports everybody will be talking about today

Getty Images Good morning! Here are the plays everybody will be talking about Friday: The Chris Kunitz goal. The Pittsburgh Penguins are going to the Stanley Cup Final thanks to Kunitz's goal in double overtime. The LeBron James 3-pointer. With this 3-pointer, LeBron passed Michael Jordan as the leading scorer in NBA ...

- Business Insider - US

More than 20 people dead after gunmen fire on bus of Coptic Christians in Egypt

AP Photo/Thomas Hartwell CAIRO — Gunmen opened fire on a bus carrying Coptic Christians south of the Egyptian capital on Friday, killing 24 people and wounding 25, officials said. The attack happened while the bus was traveling on the road to the St. Samuel Monastery in the Minya governorate, about 220 kilometers south of ...

- Business Insider - US

4 steps to follow for a perfect irritation-free shave every time, according to a dermatologist

Forget everything your father taught you about shaving. It's probably wrong anyway . Many shaving routines that are passed down from fathers and grandfathers are riddled with incorrect techniques that can cause irritation and other skin problems. We asked dermatologist and Dove Men+ Care expert Dr. Terrence Keaney for the ...

- Business Insider - US

A $33 billion hedge fund shared 5 lessons that have shaped how it invests

Wikimedia A $33 billion hedge fund has some advice to share as its industry faces notable headwinds. Elliott Management, an activist hedge fund founded by billionaire Paul Singer, laid out some of its major lessons in a private first-quarter letter to investors. A copy of the note was reviewed by Business Insider. "Some ...

- Business Insider - US

As C.E.O. Pay Packages Grow, Top Executives Have the President’s Ear

The top 200 chief executives, who make more than ever, are holding meetings with President Trump, who is considering rolling back Dodd-Frank regulations.

- New York Times - US

Hardly any women made it to the 'highest-paid CEOs' list — but that's just a symptom of an even greater problem

IBMThe annual "highest-paid CEOs" list is out, and, once again, very few women — just 6% — have made it to the top echelon. Only one woman — IBM CEO Ginni Rometty — made the top ten list, and of the 346 executives studied who served as CEO of an S&P 500 company for at least two years, 21 were female. Disappointing ...

- Business Insider - US

The 3 plays in sports everybody will be talking about today

Getty Images Good morning! Here are the plays everybody will be talking about Friday: The Chris Kunitz goal. The Pittsburgh Penguins are going to the Stanley Cup Final thanks to Kunitz's goal in double-overtime. The LeBron James three-pointer. With this three-pointer, LeBron passed Michael Jordan as the all-time leading ...

- Business Insider - US

Ask yourself 4 questions to figure out if you're successful

Strelka Institute for MediaThe more complicated life becomes, the harder it is to define success. As in: You're crushing it at work, earning one promotion after another, but you've barely seen your kids in weeks, and honestly, you don't feel so great about yourself. And on the flip side: You stay at home with your kids ...

- Business Insider - US

Trump's economic agenda would deepen an already pressing social crisis

Mike Cassese/ReutersMassive US income disparities and the anger associated with it helped propel Donald Trump into office. Trump's campaign speeches were littered with attacks on Wall Street bankers and hedge fund managers, who the candidate accused of robbing workers of the American dream. Yet rather than kicking off his ...

- Business Insider - US

Hungary has barred ex-BNP leader Nick Griffin

© AFP CARL COURTBudapest - Hungary has declared British far-right figure Nick Griffin a "persona non grata" and barred him from the country, the interior ministry said Friday. The announcement came two days after Budapest expelled James Dowson, another prominent British far-right activist with links to Griffin. The ...

- Business Insider - US

Sensex, Nifty hit record high as June F&O opens strong

The BSE Sensex on Friday shot up another 133.86 points to a fresh all—time high of 30,883.89 and the Nifty hit 9,542.85 in early trade today as the June derivatives series took off on a strong footi...

- The Hindu - IN

Rupee advances 7 paise in early trade

On Thursday, the rupee had gained 11 paise against the US dollar to end at 64.62.

- The Hindu - IN

Battered oil fights back, sterling hit as May's poll lead shrinks

LONDON - Battered oil prices recovered some ground on Friday as investors looked past disappointment that an OPEC meeting did not produce bigger supply cuts, while sterling slid on a poll showing the ruling Conservatives' lead shrinking, two weeks before an election.

- Reuters - US

U.S. home prices to rise at a strong pace on tight supply: Reuters poll

- U.S. home prices look poised to rise at a robust pace over the next few years, mainly because of a chronic shortage of houses and steady demand, a Reuters poll showed on Friday.

- Reuters - US

This is what Sears stores could look like in the future

Skye Gould/Business InsiderEDCSears is closing hundreds of stores, and many of its remaining locations are shrinking. That's because Seritage Growth Properties, the landlord of more than 260 Sears and Kmart stores, is siphoning off chunks of the stores it owns and renting that space out to higher-paying tenants like Shake ...

- Business Insider - US

U.S. Economy Grows at Tepid 1.2 Percent; Business Spending Softens

The U.S. economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.

- New York Times - US

OPEC ponders how to co-exist with U.S. shale oil

VIENNA - First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.

- Reuters - US

Greg Gianforte apologizes in Montana special-election victory speech for altercation with reporter

Janie Osborne/Getty ImagesGreg Gianforte, having just been elected to serve Montana in the US House of Representatives, apologized in a victory speech he gave Thursday night for his altercation with a reporter the evening before. "When you make a mistake, you have to own up to it," Gianforte said. "That's the Montana way. ...

- Business Insider - US

Morgan Stanley offers a harsh reality check on Tesla vs. Ford

YouTube/Motor TrendFord ousted Mark Fields as CEO this week and replaced him with Jim Hackett, an executive with a futuristic outlook who will likely be tasked with talking up Ford's efforts to transform itself into a Tesla-beating mobility company. The development, which surprised much of the auto industry, has been ...

- Business Insider - US

US durable goods orders fall for first time in 5 months

REUTERS/Jeff HaynesWASHINGTON — U.S. orders for long-lasting manufactured goods dropped in April for the first time in five months, and a key category that tracks business investment went nowhere for the second straight month. The Commerce Department says durable goods orders fell 0.7 percent in April after rising 2.3 ...

- Business Insider - US

Silicon Valley's ultimate status symbol is the sneaker — here are the rare, expensive, and goofy sneakers worn by the top tech CEOs

The inhabitants of Silicon Valley are not exactly known for haute couture. It's a land where jeans, T-shirts, and hoodies reign supreme, and where sneakers are the footwear of choice. But don't let the pedestrian fashion item fool you. These sneakers can be as rare and as status-defining as the fine watches adorning the ...

- Business Insider - US

Starbucks baristas reveal the alleged worst parts of working there

Stephen Brashear / Stringer / Getty ImagesStarbucks is facing backlash from its baristas who say that they're overworked, understaffed, and underpaid. While the coffee giant has recently launched an initiative to improve customer service and better support in-store staff, many baristas say that Starbucks has refused to ...

- Business Insider - US

Gary Cohn confirms: Trump said Germany is 'very bad' on trade

Getty Images/PoolTAORMINA, Italy - A top adviser to Donald Trump confirmed on Friday that the U.S. president had criticized Germany as "very bad" on trade at a meeting with EU officials in Brussels on Thursday. "He said they're very bad on trade, but he doesn't have a problem with Germany," White House economic adviser Gary ...

- Business Insider - US

Oil price falls despite deal to extend output cut

The deal to extend output cuts agreed by energy ministers in Vienna fails to impress financial markets.

- BBC - UK

BMW recalls 7-Series cars because their doors can unexpectedly fly open

BMW is recalling more than 45,000 older 7-Series cars in the U.S. because the doors can open unexpectedly while they're being driven. The recall covers certain 745i, 745Li, 750i, 750Li, 760i, 760Li and B7 Alpina cars from the 2005 through 2008 model years that have the comfort access and soft door...

- Los Angeles Times - US

Operations ramped up but no specific threat to public this weekend says UK security minister

Thomson ReutersLONDON - British emergency services are prepared for possible attacks on public events over an upcoming holiday weekend but have no information on specific threats after Monday's bomb attack in Manchester which killed 22, a government minister said. Monday is a public holiday in Britain, and the weekend sees ...

- Business Insider - US

Asylum seekers at an Australian-run detention center are told to leave or miss US resettlement

Associated Press/Ross D. FranklinSYDNEY - Asylum seekers at an Australian-run offshore detention center in Papua New Guinea must move to a community facility in order to be eligible for a refugee swap deal with the United States, a notice posted at the camp and seen by Reuters shows. The directive, designed to help ...

- Business Insider - US

The first trailer for 'Far Cry 5' is finally here, and it's about a religious cult in Montana

The trailer for the hotly-anticipated "Far Cry 5" has finally dropped, and for the first time, it's taking the fight to the United States of America. The gritty and violent franchise doesn't look like it's taking its foot off the gas as it approaches its fifth installment. The game is set in the fictional town of Hope ...

- Business Insider - US

Dirty rooms and unfriendly employees are the biggest turnoffs for hotel guests

An unreliable wireless Internet connection can be frustrating for hotel guests, but a filthy room is the biggest peeve among travelers. Second only to dirty rooms among the most hated hotel experiences are unfriendly employees, according to a survey of more than 1,000 hotel guests by Qualtrics,...

- Los Angeles Times - US

The G7 is meeting for the first time in a year and more than half the participants are new

REUTERS/Jonathan ErnstThe 2017 G7 summit is happening in Italy on Friday and it will be a largely different group than gathered last year. Four of the seven participating countries — the United States, United Kingdom, France, and Italy — are under new leadership. Perhaps the most dramatic new face is US President Donald ...

- Business Insider - US

U.S. economy grows at tepid 1.2 percent; business spending softens

WASHINGTON - The U.S. economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.

- Reuters - US

10 things you need to know before the opening bell

Reuters/China Stringer NetworkHere is what you need to know. Trump reportedly slammed German carmakers and threatened to stop their US sales. During a meeting with European officials, President Donald Trump said he would stop German automakers from selling "millions of cars" in the US and called Germans "very bad," Der ...

- Business Insider - US

Investors are pouring billions into the hottest part of the stock market

AP Photo / Mark LennihanNo area of the stock market has been hotter than tech since the election, and it seems investors still haven't gotten their fill. They poured $1.8 billion into the largest exchange-traded fund tracking the sector on Tuesday, the biggest single-day inflow since September 2010. That jibes with data ...

- Business Insider - US

GDP beats on stronger business and consumer spending

David McNew/GettyThe US economy grew by 1.2% in the first quarter, better than initially reported, according to the Commerce Department's second estimate of gross domestic product. Economists had estimated that gross domestic product rose by 0.9%, improved from the advance estimate of 0.7% that was based on incomplete data. ...

- Business Insider - US

Memorial Day weekend is one of the best times of the year to buy a new mattress

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase Pretty much all of us understand the importance of sleep in maintaining and improving mental health, attention span, overall capability, and even things like our ...

- Business Insider - US

Sensex breaches 31,000 mark for the first time

The broader Nifty too gained 81.55 points to hit a new lifetime high of 9,591.30.

- The Hindu - IN

Die hard: Republican healthcare bill has no problem throwing you off a building

Glendale resident David Cannizzaro has had asthma since he was 7. Prior to Obamacare, his healthcare strategy was to see the doctor as little as possible so his insurer wouldn't notice his preexisting condition and decide to raise his rates or drop his coverage. Now that Republican lawmakers are...

- Los Angeles Times - US

Bitcoin is making a big comeback

Bitcoin is making a big comeback, trading up by 9.8% at $2,563 a coin on Friday. Friday's gain follows a wild day Thursday, which saw the cryptocurrency ultimately put in its 27th gain in the past 30 sessions. Bitcoin climbed above $2,500 and ultimately put in a record high of $2,799. But then the bottom dropped ...

- Business Insider - US