ECONOMY & MARKETS

The stock jumped 7% to close at a record high, marking its best single-day performance since November 2022.

European markets sank with the euro on Monday after a win for far-right parties in EU elections and French President Emmanuel Macron's decision to call a snap parliamentary poll fuelled uncertainty in the bloc.

GameStop shares fell after a decline of 29% in sales was reported amid anticipation for "Roaring Kitty's" YouTube livestream.

The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.

Japan's household spending rose in April for the first time in 14 months, official data showed Friday, as wages grow at the fastest pace in three decades.

Turkey has been battling soaring consumer prices that prompted Erdogan to drop his opposition to interest-rate hikes to combat inflation.

Trump Media & Technology Group's stock, which trades under the ticker symbol "DJT," dropped about 9% in after-hours trading.

The U.S. economy received some mixed news from fresh data released Thursday, including slight changes in inflation rates, jobless claims and gross domestic product (GDP).

The critical driver behind rising bond yields worldwide is stubbornly high inflation, thanks to robust consumer spending in the world's largest economy and supply-side pressures. These pressures prevent central banks from easing monetary policy.

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Nvidia's string of robust financial reports have stunned Wall Street's analysts.

Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy.

The pace of Japanese inflation slowed in April to 2.2 percent as gas bills fell, government data showed Friday, with the figure remaining above the Bank of Japan's two percent target.

The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn told AFP. "While we don't make policy in a vacuum, the ECB is not the 13th Federal district of the US Federal Reserve," which is split into 12 zones, said Rehn.

Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch before this year's general election.

Almost 20 percent of adults in the United States were financially impacted by natural disasters last year, the Federal Reserve said Tuesday, marking a nearly 50-percent rise from 2022.

The Nasdaq Composite and the S&P 500 climbed to a fresh record Tuesday following a choppy session after a smattering of mixed earnings and muted Federal Reserve commentary.

The persistence of inflation makes wealthy consumers more price-sensitive, leading them to seek bargains at Walmart, which is gaining an edge over Amazon in shopping convenience.

Over the last 12 months, the S&P 500 has increased 26.30%, the Dow Jones has risen 19.30%, and the Nasdaq index has advanced 31.50%.

Earlier this year, the Dow had flirted with the 40,000 level but retreated in April due to concerns over high interest rates.

Traders and investors liked a report by the U.S. Bureau of Labor Statistics before the market opening, which showed that both headline and core consumer inflation are easing.

The European Commission expects inflation to fall to 2.5 percent in 2024, down from a previous forecast of 2.7 percent -- news that will be welcomed by the European Central Bank (ECB).

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Federal Reserve chair Jerome Powell said Tuesday that hot US inflation data has lowered his level of confidence that price rises will slow back down towards the bank's long-term target.

The Federal Reserve's multi-year battle with inflation continues to grind on the U.S. economy after Tuesday's data revealed a higher-than-expected increase in the Producer Price Index.

The US central bank should keep interest rates at their current "restrictive" levels until it sees real progress in the fight to lower inflation, a senior Fed official said Monday.

IMF staff have reached an agreement with Argentina on a loan program review that should unlock almost $800 million in much-needed funds for the Latin American country, the Washington-based financial institution said Monday.

Last week's rally followed the previous two weeks' rally and was driven by better earnings from semiconductor giant Taiwan Semiconductor and steady bond yields.

The central government will begin issuing some 30-year bonds on Friday as part of a planned sale of more than $138 billion of debt, according to a notice posted to the ministry's website.