Economic news


Dow Hits Record High, S&P 500 Up; Chips Drag Nasdaq

Dow Hits Record High, S&P 500 Up; Chips Drag Nasdaq

Wall Street advanced on Thursday as progress toward ​ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip selloff that pulled the Nasdaq lower. The blue-chip Dow surged, ‌hitting a record closing high with a boost from healthcare&...


June 5, 2026
Apollo Backs Out of $2 bln Takeover Pursuit of UK's Bodycote
Apollo Backs Out of $2 bln Takeover Pursuit of UK's Bodycote

U.S.-based Apollo Global Management ​does not intend to make ‌a firm offer for British thermal processing services company Bodycote, the...

Oil Slips as Oman's Mina al Fahal Operates Normally
Oil Slips as Oman's Mina al Fahal Operates Normally

Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had...

Australia's AirTrunk to Invest $30 Billion in India by 2030
Australia's AirTrunk to Invest $30 Billion in India by 2030

Australia's AirTrunk said on Friday it would invest $30 billion in India within the ​next four years to build out 5 gigawatts ‌of new data...

UK's Raspberry Pi Hikes Profit Forecast after Solid H1
UK's Raspberry Pi Hikes Profit Forecast after Solid H1

Single-board computing company Raspberry ​Pi on Friday raised its ‌full-year 2026 profit forecast, saying strong AI-related demand was...

Auto Market Turmoil Takes Toll on German Carmakers, Study
Auto Market Turmoil Takes Toll on German Carmakers, Study

German carmakers lost ground to competitors at the start of ​the year as tariffs, conflict and ‌technological upheaval weighed on sales,...

June 4, 2026
CrowdStrike Shares Drop as 'Mythos' Fails to Cheer
CrowdStrike Shares Drop as 'Mythos' Fails to Cheer

CrowdStrike shares slid 7% on Thursday after the company's quarterly ‌forecasts failed to meet steep investor expectations, even...

US Jobless Claims Hit 4-mo High; Productivity Cut
US Jobless Claims Hit 4-mo High; Productivity Cut

The number of Americans filing claims for unemployment benefits increased more than expected last week, touching their highest level in four...

Broadcom to Lose $300bn as AI Results Miss Mark
Broadcom to Lose $300bn as AI Results Miss Mark

Broadcom shares slumped more than 14% ​on Thursday, dragging chip peers lower, after the company's results fell short of lofty...

Singapore Airlines in Talks for Major new Jet Order, Sources
Singapore Airlines in Talks for Major new Jet Order, Sources

Singapore Airlines (SIA) is in talks with Airbus and ​Boeing to buy at least 50 of the industry's biggest jets, ‌as it...

UK's FTSE 100 Falls to 2-Week Low; Bank, Energy Stocks Drag
UK's FTSE 100 Falls to 2-Week Low; Bank, Energy Stocks Drag

UK's FTSE ​100 fell to a more-than-two-week low on Thursday, as Asia-exposed ‌lenders dropped on a report of China tightening offshore...

Coca-Cola CFO Warns of Uneven Demand, Mideast Risks
Coca-Cola CFO Warns of Uneven Demand, Mideast Risks

Coca‑Cola is adjusting ways to keep its drinks both affordable and appealing as consumer demand remains uneven across income ​groups, CFO John...

SK Hynix US Listing Plan Wins Investor Backing: Source
SK Hynix US Listing Plan Wins Investor Backing: Source

SK Hynix told ​investors this week it received "tremendously positive" feedback on its proposed U.S. listing as the chipmaker...

Universal Music Buys back Ackman Stake after Failed Bid
Universal Music Buys back Ackman Stake after Failed Bid

June 4 (Reuters) - Universal Music Group said on Thursday it has repurchased some of the shares sold by Bill Ackman's Pershing...

TSMC Works to Meet Chip Demand, Wants to Hike Prices
TSMC Works to Meet Chip Demand, Wants to Hike Prices

Taiwan's TSMC, the world's largest contract chipmaker, ​is striving to keep up with demand and avoid becoming a bottleneck in the global...

Rupee Ends Slightly Lower ahead of Key Central Bank Rate
Rupee Ends Slightly Lower ahead of Key Central Bank Rate

The Indian rupee dipped on Thursday, extending a two-session decline, ahead of Friday's all-important Reserve Bank of India ​monetary policy...

Amazon Unveils new AI Warehouse Robot in $12 bln Europe Push
Amazon Unveils new AI Warehouse Robot in $12 bln Europe Push

Amazon on Thursday unveiled an upgraded ‌AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part...

Gold Gains as Mideast Peace Hopes Dent Dollar and Oil
Gold Gains as Mideast Peace Hopes Dent Dollar and Oil

Gold prices rose on Thursday as hopes of a resolution to the ‌Middle East conflict pushed the dollar and oil prices lower, easing fears of...

European Shares Steady as Investors Eye Mideast Risk
European Shares Steady as Investors Eye Mideast Risk

European shares were steady on Thursday, as investors assessed whether developments in the ‌Middle East would lead towards a peace deal to end...

UK Construction Shrinks at Fastest Pace since 2020: PMI
UK Construction Shrinks at Fastest Pace since 2020: PMI

Activity in Britain's construction sector slowed at the sharpest pace in six years last month as economic uncertainty and rising inflation...

Bank of Japan Expected to Raise Rates this Month, Sources
Bank of Japan Expected to Raise Rates this Month, Sources

The Bank of ​Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three...

Foxconn and Intel Team Up to Build Next-Gen AI Systems
Foxconn and Intel Team Up to Build Next-Gen AI Systems

Foxconn said on Thursday it will work with U.S. chipmaker Intel ​to jointly develop and deploy next-generation AI ‌infrastructure...

Treasury Wine Luxury Push Lifts Shares 13% on Penfolds
Treasury Wine Luxury Push Lifts Shares 13% on Penfolds

Australia's Treasury ‌Wine Estates said on Thursday it will double down on a handful of brands led by the iconic luxury Penfolds, and...

Global Firms Tap India's IPO Boom to Take Profits Home
Global Firms Tap India's IPO Boom to Take Profits Home

India's red-hot initial public offering market may look irresistible as foreign firms line up for listings, but the rush is not about raising...

USD Hits 2-mth High on Gulf War; JPY Wobbles near Intervention Zone
USD Hits 2-mth High on Gulf War; JPY Wobbles near Intervention Zone

The dollar clung to its recent strength near a two-month ​high on Thursday as fresh Gulf hostilities sapped risk appetite, while the Japanese yen...

Airline Chiefs to Face Iran War Fuel Shock at Summit
Airline Chiefs to Face Iran War Fuel Shock at Summit

Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry's biggest crisis since the...

Wall Street Ends Lower as Middle East Tensions Escalate
Wall Street Ends Lower as Middle East Tensions Escalate

Wall Street stocks pulled back from record highs on Wednesday as ​flaring tensions in the Middle East and rising crude prices stoked inflation...

Brazil Flags Demand Inflation as Rate-Cut Bets Fade
Brazil Flags Demand Inflation as Rate-Cut Bets Fade

Brazil's central bank is seeing demand-driven pressures contributing to inflation, Governor Gabriel Galipolo said on Wednesday, pointing to...

S.Korea Finmin Vows Response to Market Volatility
S.Korea Finmin Vows Response to Market Volatility

South Korea's finance minister said on Thursday ​authorities would closely monitor risks ‌around domestic stock, bond and foreign exchange...

Sunshine Silver Mining Raises $270 Million in US IPO
Sunshine Silver Mining Raises $270 Million in US IPO

Sunshine Silver Mining & Refining Company raised $270 million in its U.S. initial ​public offering on Wednesday, joining a growing number...

June 3, 2026
Macy's Raises Annual Outlook as Luxury Draws Shoppers
Macy's Raises Annual Outlook as Luxury Draws Shoppers

Macy's raised its annual forecasts and posted ‌its first quarterly sales growth in nearly four years on Wednesday, driven by strong...

US Cites Forced Labor Concerns as Grounds for new Tariffs
US Cites Forced Labor Concerns as Grounds for new Tariffs

The Trump administration has proposed ​new tariffs of up to 12.5% on imports from 60 economies after determining they had failed to curb trade in...

US Services Grow in May; Firms Face Higher Input Costs
US Services Grow in May; Firms Face Higher Input Costs

U.S. services sector activity picked up in May as businesses preemptively placed orders and rebuilt inventories in anticipation of shortages and...

US Private Payrolls Rise Broadly in May
US Private Payrolls Rise Broadly in May

U.S. private payrolls increased broadly in May, but economists cautioned against viewing the rise as a sign of a strengthening labor market, noting...

Fiat to Launch Grizzly SUV and Fastback in H2 2026
Fiat to Launch Grizzly SUV and Fastback in H2 2026

Fiat will start sales of its Grizzly mid-sized SUV and Grizzly Fastback model in ​the second half of this year in ‌Europe, the Middle East and...

AlphaSense Valuation near Doubles to $7.5bn in Funding
AlphaSense Valuation near Doubles to $7.5bn in Funding

Market intelligence platform AlphaSense said on Wednesday it ​has raised $350 million at a valuation of $7.5 billion, nearly ‌double that of...

Sterling Struggles for Direction as Iran Talks at Impasse
Sterling Struggles for Direction as Iran Talks at Impasse

The British pound was little changed ​against the dollar and euro on Wednesday, with investors remaining focused on the conflict ‌in the...

UK Equities Slip as Middle East Impasse Drives Oil Higher
UK Equities Slip as Middle East Impasse Drives Oil Higher

UK shares declined ​on Wednesday, as risk sentiment took a hit after hostilities ‌in the Middle East picked up again and sent crude oil prices...

Rupee Hit by Oil, Stocks; Likely RBI Action Caps Losses
Rupee Hit by Oil, Stocks; Likely RBI Action Caps Losses

The Indian rupee weakened on Wednesday, weighed by a jump in oil prices on renewed hostilities in ​the Middle East and weakness in local stocks...

French Services Sector Shrinks in May at Fastest Pace since Late 2020, PMI
French Services Sector Shrinks in May at Fastest Pace since Late 2020, PMI

France's services sector contracted at its sharpest pace in 5-1/2 years in May as weaker demand and ​rising costs due to the Iran...

Stocks Dip on new Iran Attacks as Oil Prices Rise
Stocks Dip on new Iran Attacks as Oil Prices Rise

European stocks and U.S. futures fell slightly on Wednesday as oil prices rose for a third session as fresh ​hostilities flared in the...

European Stocks Dip on Mideast Tensions, Private Market Jitters
European Stocks Dip on Mideast Tensions, Private Market Jitters

European shares slipped on Wednesday as ‌renewed Middle East hostilities and signs of strain in private markets spooked investors, while Zara...

Germany Services Shrink again in May on Energy Costs, PMI
Germany Services Shrink again in May on Energy Costs, PMI

Germany's service sector contracted for a second straight month in May as subdued demand and high energy and other costs due to ​the war...


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