The coalition agreement finances higher defence spending with cuts to healthcare and higher income taxes, limiting budget deficits. Its economic agenda focuses on improved competitiveness to boost structural annual GDP growth to 1.5%

Stocks retreated on Friday as Big Tech remained under pressure, with the Dow and Nasdaq shedding triple digits and marking a third-straight weekly loss.

Cricut designs and sells consumer cutting machines, accessories, and digital content that enable craft, design, and small-scale production projects.