Financial News

Fed has also raised PCE inflation projections for 2025, 2026, and 2027.

Oil traders react to EIA data and focus on Trump’s comments on Iran.

U.S. housing starts fell 9.8% in May while jobless claims held steady. Builders face pressure as permits decline and multi-family demand weakens.

Sticky services inflation and oil price risks may delay BoE policy shifts despite weak GDP.

The report showed that 37% of builders cut prices in June.

U.S. retail sales fell 0.9% in May while core sales dropped 0.3%, missing forecasts and raising concerns over consumer demand and Fed policy direction.

Rare earth exports and China’s EV chip push reshape the balance in US-China trade talks. Hang Seng gains on easing trade tensions despite Middle East conflict.

Bulgaria is due to become the 21st country to join the European single currency in January 2026. This Q&A explains the timing and circumstances surrounding the country’s likely admission to the euro area.

Beijing’s focus on jobs and consumption shows signs of success, but risks remain as Middle East tensions linger.

Year-ahead inflation expectations declined from 6.6% to 5.1%.

WTI crude hits four-month high as Israeli strikes on Iran raise fears of oil supply disruption and wider Middle East conflict.

Adobe beats Q2 forecasts with $5.87B in revenue. AI tools drive growth, but shares dip. Is now the time to buy this tech stock?

Soft GDP and labor data spark hopes of an August BoE rate cut, but inflation remains key.

Trade euphoria fades as early gains in Hong Kong, China stocks fail to hold ground. Vague terms and tech silence cloud outlook.

Oracle stock jumps 8% as strong cloud earnings and AI demand fuel bullish outlook; Q4 revenue and EPS beat estimates.

Gasoline inventories increased by 1.5 million barrels from the previous week.

U.S. CPI rose just 0.1% in May, missing forecasts. Core inflation slowed, supporting a dovish Fed stance and lifting bond market sentiment.

GameStop shares drop nearly 5% after Q1 revenue misses estimates, despite earnings beat. Traders doubt retail strength and crypto strategy’s near-term value.

Markets brace for second day of talks amid doubts over a lasting US-China trade deal.

China’s consumer and producer prices fall again, pressuring policymakers as the US and China prepare for trade talks..