GOOLSBEE said policymakers should not be reassured by the absence of wage inf.

Billionaire investor and NVIDIA shareholder Leo KoGuan said on Friday he supports CEO Jensen Huang and would stop further purchases if Huang is replaced. "Without Jensen Huang, I will not invest further," KoGuan wrote in a text message. He disclosed roughly $1.3 billion invested in NVIDIA and said he began buying in March. KoGuan posted on X calling Huang the "supreme creator," acknowledged the CEO has made mistakes but argued for rewarding rather than punishing. The precise size of KoGuan's stake could not be independently verified.

German Budget Committee backs 2027 budget, clearing the way for parliamentary approval. The 2027 budget sets total expenditure at €561bn, investment at €62bn, and includes €123bn of debt in the core budget.