World markets kicked off November in an upbeat mood, riffing off buoyant company earnings and calmer trade relations while batting away OPEC's planned end to output hikes and this week's Supreme Court hearing on President Donald Trump's tariffs. Following last week's meeting between Trump and China's President Xi Jinping in South Korea, the White House announced Saturday that China would lift export controls on rare earths and end probes into U.S. chip firms. But Trump said AI giant Nvidia's most advanced chips would be reserved for U.S. companies and kept out of China and other...
The number of Americans filing for unemployment benefits fell to 245,000 in the week ended June 15, 2025. The figure was lower than the 246,000 estimate and the previous weekly revised 250,000, the Labor Department said Thursday. Source: Newsmaker23
British inflation slowed as expected in May, pulled down by air fares which leapt in April and the correction of a tax data error, although food prices shot up at the fastest rate in more than a year. Consumer prices rose in annual terms by 3.4% in May, the Office for National Statistics said on Wednesday, just as a Reuters poll of economists and the Bank of England had predicted. Services price inflation - a crucial metric for the BoE - cooled to 4.7% from 5.4% in April, matching the BoE's forecast for May. The Reuters poll had pointed to a reading of 4.8%. Earlier this month the ONS...
The UK's (UK) annual Consumer Price Index (CPI) rose by 3.4% in May after rising 3.5% in April, data released by the Office for National Statistics (ONS) showed on Wednesday. Markets had expected a 3.4% growth in the reported period. The reading was still short of the Bank of England's (BoE) target of 2%. Core CPI (excluding volatile food and energy) rose 3.5% year-on-year (YoY) in the same period, compared with a 3.8% acceleration in April, but missed the anticipated 3.6%.(alg) Source: FXstreet
US President Donald Trump claimed the US now has total and complete control of the skies over Iran via his social media platform, Truth Social. We now have total and complete control of the skies over Iran. Iran has great sky trackers and other defense equipment, and many, but nothing compares to the American-made, designed, and manufactured "stuff." Nobody does it better than the good ol' USA. We know exactly where the so-called "Supreme Leader" is hiding. He's an easy target, but safe there – We're not going to take him out (kill him!), at least not right now. But we don't want missiles...
Federal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and Middle East turmoil will have on the economy. While any immediate movement on interest rates seems improbable, the policy meeting, which concludes Wednesday, will feature important signals that still could move markets. Among the biggest things to watch will be whether Federal Open Market Committee members stick with their previous forecast of two rate cuts this year, how they see inflation trending, and any reaction from Chair Jerome Powell to what has...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
As the U.S. government shutdown disrupts federal employee paychecks across the country, it also exacerbates the financial hardship of attorneys who represent the poorest members of society when they...