Economic news


Nasdaq, S&P End Lower as Tech Stocks Fall

Nasdaq, S&P End Lower as Tech Stocks Fall

The Nasdaq and S&P 500 closed lower on Wednesday, dragged by tech stocks on ​nagging concerns about high-flying valuations, but falling crude prices boosted airlines and other travel stocks and the Dow finished ‌higher. Oil prices fell to their lowest since the start of the Iran war...


June 25, 2026
Apple Hikes MacBook, iPad Prices as Memory Costs Surge
Apple Hikes MacBook, iPad Prices as Memory Costs Surge

Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip ​costs...

US May PCE Inflation Tops 4% as Spending Stays Strong
US May PCE Inflation Tops 4% as Spending Stays Strong

U.S. inflation increased further in May, breaking above 4.0% ​for the first time in three years as the Middle East conflict boosted energy prices,...

US Weekly Jobless Claims Drop more than Expected
US Weekly Jobless Claims Drop more than Expected

The number of Americans filing claims for unemployment benefits fell more than expected last week, consistent with labor market...

US Core Capital Goods Orders Rebound Sharply in May
US Core Capital Goods Orders Rebound Sharply in May

New orders for key U.S.-manufactured capital goods rebounded sharply in May as demand increased broadly, suggesting business spending on equipment...

VW's Everllence Valued Well above €9B in Race: Source
VW's Everllence Valued Well above €9B in Race: Source

All three bids for Volkswagen's ​engine maker Everllence valued the unit "clearly above" €9 billion ($10.21 billion), a source...

Pound Heads for Worst Monthly Performance since July
Pound Heads for Worst Monthly Performance since July

The pound was set for its worst monthly performance against the dollar since last July on Thursday, in a week that marked the tenth ​anniversary of...

BlackBerry Lifts Annual Revenue Forecast on QNX Growth
BlackBerry Lifts Annual Revenue Forecast on QNX Growth

BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for ​its QNX division following the completion of its...

UK Retail Downturn Deepened in June, CBI Survey Shows
UK Retail Downturn Deepened in June, CBI Survey Shows

British retail sales slid further this month, with sales far below the norm expected for this ​time of year, according to a survey on...

Gold Lingers near 7-Month Low as Fed Hike Bets Boost Dollar
Gold Lingers near 7-Month Low as Fed Hike Bets Boost Dollar

Gold fell for a third ‌straight session on Thursday, lingering near a more than seven-month low it had reached in the previous session, as...

London Stocks Gain on Financials, Retail Boost
London Stocks Gain on Financials, Retail Boost

London's main FTSE indexes ​edged higher on Thursday, with financial and retail companies posting ‌strong business updates, while investor...

BoE Policymakers Worry about Shift from Collective Forecast
BoE Policymakers Worry about Shift from Collective Forecast

The Bank of England's shift in communications to focus on multiple scenarios and individual Monetary Policy Committee members' opinions...

Oil Touches Prewar Levels on Rising Middle East Supply
Oil Touches Prewar Levels on Rising Middle East Supply

Oil prices fell on Thursday to levels last seen before the ‌start of the Iran war as expectations of rising supply from the Middle East...

Oil Slump, RBI Support Boost INR near Top of Asia FX in June
Oil Slump, RBI Support Boost INR near Top of Asia FX in June

The Indian rupee's fortunes appear to be turning around as oil prices' retreat to pre-Iran-war levels and policymakers' steps ​help...

US Rate-Hike Bets Hold Dollar near 13-Month Highs
US Rate-Hike Bets Hold Dollar near 13-Month Highs

A surging dollar has swept past chart resistance and is heading toward its sharpest monthly gain in almost ​a year on Thursday, as traders bet on a...

Asian Stocks Surge as Micron Earnings Ease AI Fears
Asian Stocks Surge as Micron Earnings Ease AI Fears

Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns...

PBOC to Add Tool to Better Manage Short-Term Liquidity
PBOC to Add Tool to Better Manage Short-Term Liquidity

China's central bank said it will debut overnight lending next week, offering reverse-repos to banks and brokers as it ​deepens control over...

UK Auto Output Rises in May on Growing US Exports, SMMT Says
UK Auto Output Rises in May on Growing US Exports, SMMT Says

A rise in shipments to the U.S. drove up UK's vehicle production in May, with output rising ​2.7% from a year earlier, snapping four months of...

June 24, 2026
Mexico June Inflation Slows, Easing Rate Hike Pressures
Mexico June Inflation Slows, Easing Rate Hike Pressures

Mexico's annual inflation rate hit 3.55% in the first half of June, official data showed on Wednesday, landing below expectations ​and defusing...

US new Home Sales Unexpectedly Fall in May
US new Home Sales Unexpectedly Fall in May

Sales of new U.S. single-family homes unexpectedly fell in May, likely ​as higher mortgage rates and prices ‌continued to sideline potential...

Gold Falls below $4,000 on Strong Dollar, Fed Bets
Gold Falls below $4,000 on Strong Dollar, Fed Bets

Spot gold prices slipped below a key psychological level of $4,000 per ounce level for the first time ​since November 2025 on Wednesday, under...

Singapore's DBS Funds Asia Energy Transition Vehicle
Singapore's DBS Funds Asia Energy Transition Vehicle

Singapore's biggest bank DBS said on Wednesday ​it will provide $210 million ‌in senior debt financing to ETAFCo, an investment...

Brent Extends Losses on Expectations of Smoother Crude Flows via Hormuz
Brent Extends Losses on Expectations of Smoother Crude Flows via Hormuz

Brent crude oil prices fell more than 1% on Wednesday to the ​lowest in nearly four months, extending losses on signs that more oil tankers are set...

SK Hynix Targets $29 Billion US Listing as AI Demand Surges
SK Hynix Targets $29 Billion US Listing as AI Demand Surges

South Korea's SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in ‌what would be...

Swiss Cinemas Offer Seniors Refuge as Heatwave Hits
Swiss Cinemas Offer Seniors Refuge as Heatwave Hits

Daniel Gillieron, 82, settled into his seat in Geneva's Nord-Sud cinema, ​looking forward to the prospect of a free film ‌and an extended...

Europe Shares Hold Flat on US-Iran Talks; Rheinmetall Slides
Europe Shares Hold Flat on US-Iran Talks; Rheinmetall Slides

European shares were muted on Wednesday, as investors assessed developments in the ‌U.S.-Iran negotiations, while defence group Rheinmetall...

Santander Weighs Up to 3,000 Early Retirements in Spain
Santander Weighs Up to 3,000 Early Retirements in Spain

Spain's Santander has begun ​talks with unions over a plan to offer early voluntary retirement ‌to up to 3,000 employees in Spain,...

RBI Cushions Rupee Even as Strong Dollar Dents Asia FX
RBI Cushions Rupee Even as Strong Dollar Dents Asia FX

The Indian rupee bucked the weakness seen in most Asian peers on Wednesday as likely central bank intervention shielded the ​currency from a...

Prologis Takes $16.6B Segro Bid Public after Rejection
Prologis Takes $16.6B Segro Bid Public after Rejection

U.S. ‌logistics firm Prologis on Wednesday made public its £12.6 billion ($16.62 billion) takeover proposal for Britain's...

Euro Outsiders not Making much Accession Progress, ECB says
Euro Outsiders not Making much Accession Progress, ECB says

European Union nations outside the euro have made little to no progress in convergence in recent years and even Hungary, the nation most actively...

Dollar Hits 13-Month High on Rate Bets, Stock Rout
Dollar Hits 13-Month High on Rate Bets, Stock Rout

The U.S. dollar extended gains to reach a 13-month high ​against a basket of major currencies on Wednesday, as investors sought shelter from a tech...

FTSE Buoyed by Property Stocks as Segro Rejects Bid
FTSE Buoyed by Property Stocks as Segro Rejects Bid

London's domestically-focused midcap FTSE ​index rose on Wednesday as real-estate stocks rallied alongside Segro ‌after the UK landlord...

Australia's Top Export Sectors Face Rising Strike Threats
Australia's Top Export Sectors Face Rising Strike Threats

Labour unrest has flared up across Australia's resources sector, with ‌its lucrative iron ore mines and ports facing heightened strike...

Shimao's Hong Kong Hotels Seized and Put Up for Sale
Shimao's Hong Kong Hotels Seized and Put Up for Sale

Chinese property developer Shimao Group said on Wednesday that its Sheraton and Four Points ​by Sheraton hotels located near the international...

Green Steel Startup Stegra Says $1.6 bln Funding Complete
Green Steel Startup Stegra Says $1.6 bln Funding Complete

Swedish startup Stegra, which is building Europe's first hydrogen-fuelled ​steel plant, said on Wednesday its €1.4 billion ($1.6 billion)...

UK's B&M Appoints Asda's Atheeq Akbar as Finance Chief
UK's B&M Appoints Asda's Atheeq Akbar as Finance Chief

British discount retailer B&M named Asda [RIC:RIC:WMTAS.UL] executive Atheeq Akbar as its ​next chief financial officer on...

RBA Still has Work to Curb Inflation: Deputy Governor
RBA Still has Work to Curb Inflation: Deputy Governor

Australia's central bank has work to do to tame "too high" inflation, a top official said on Wednesday, although he added that lower...

Asian Stocks Drop, Oil near 4-mth Low on Volatility Risks
Asian Stocks Drop, Oil near 4-mth Low on Volatility Risks

Asian stocks struggled for direction on Wednesday while crude oil prices extended ‌declines to hover near four-month lows, as analysts...

UK Firms Scale Back 2027 Pay Outlook: Brightmine
UK Firms Scale Back 2027 Pay Outlook: Brightmine

British employers expect to scale back pay increases markedly next year, according to a survey on Wednesday ​from human resources data firm...

Wall Street Ends Lower on Chip Selloff amid AI Fears
Wall Street Ends Lower on Chip Selloff amid AI Fears

The Nasdaq and the S&P 500 closed at more ​than one-week lows on Tuesday, dragged down by sharp losses in semiconductor stocks as investors...

Nike names Pfizer's David Denton as new CFO
Nike names Pfizer's David Denton as new CFO

Nike on Tuesday named Pfizer executive David Denton as CFO, replacing Matthew Friend, as the footwear ​maker struggles through a turnaround...

Samsung Electronics Plans $59B Share Buyback, Yonhap Reports
Samsung Electronics Plans $59B Share Buyback, Yonhap Reports

Samsung Electronics plans a share buyback programme worth about 90 trillion ​won ($58.61 billion) after agreeing to give stock bonuses to...

FedEx Shares Slide on Margin Drop Despite 2026 Outlook
FedEx Shares Slide on Margin Drop Despite 2026 Outlook

FedEx margins in its core delivery segment dropped in the latest quarter from a year ​earlier, and shares fell 6% in extended trading on...


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