US stocks are showing surprising resilience as Wall Street increasingly abandons expectations for near-term Federal Reserve rate cuts. Several major financial institutions have recently pushed back their forecasts for monetary …
Business
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British retail sales rebounded more strongly than expected in May, supported by favourable weather conditions and promotional activity by retailers, according to official data released on Friday. The figures come …
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Business
US jobless claims fall to 226,000 as layoffs remain low, labor market stays resilient
by adminby adminThe number of Americans filing new applications for unemployment benefits fell last week, indicating that layoffs remain low and that the US labour market continues to show resilience despite broader …
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US retail and food services sales increased in May 2026, reflecting continued strength in consumer spending and exceeding market expectations, according to advance estimates released by the US Census Bureau. …
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While a US–Iran deal to reopen the Strait of Hormuz may ease geopolitical tensions, auto repair shops in Tokyo and dealerships in Detroit are unlikely to see quick relief from …
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Global stocks and cryptocurrencies are rallying today, with top Asian indices like the Nikkei 225, Kospi, and Topix jumping by over 5%, after the US and Iran confirmed that they …
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Business
No rate cut likely at Warsh’s first Fed meeting, but here’s what markets will watch
by adminby adminThe Federal Reserve’s June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) …
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India’s retail inflation accelerated in May but stayed just below the Reserve Bank of India’s medium-term target, giving policymakers little room to sound relaxed as food, fuel and weather risks …
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Business
US PPI rises by more than expected; annual producer price rise highest in 3 years
by adminby adminUS annual wholesale inflation accelerated to its highest level in more than three years in May, though underlying price pressures remained relatively contained. Data released Thursday by the Bureau of …
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Inflation in the United States accelerated in May, largely driven by rising energy prices, while underlying price pressures remained relatively contained, according to data released by the US Bureau of …