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A Lebanon-US-Israel meeting reportedly yielded diplomatic progress and a ceasefire extension. However, Israeli airstrikes in southern Lebanon on the same day killed at least 12, highlighting the volatile situation.
Read MoreMarket indicators now show a near-certain 99.2% probability the Fed will hold rates steady in June. Attention shifts to July, where policy outlook shows greater uncertainty and potential for change.
Read MoreThe offshore Chinese yuan weakened notably against the US dollar during Friday's New York session, falling over 270 pips from the previous close. The currency traded lower throughout the day within a broad range, reflecting current market pressures.
Read MoreRecent data reveals significant job losses for the second consecutive year in U.S. occupations highly susceptible to AI automation, particularly impacting customer service, clerical, and sales roles. This trend contrasts with overall employment growth, highlighting AI's deepening structural impact on the labor market.
Read MoreA policy group led by crypto veterans has responded to traditional exchanges' regulatory concerns. It argues that real-time, public blockchain records offer superior transparency for deterring misconduct and calls for clear DeFi compliance frameworks.
Read MoreThe Federal Reserve has designated Jerome Powell as interim chair following the expiration of his term, pending the formal swearing-in of successor Kevin Warsh. This transitional measure aligns with the Fed's historical protocols for leadership changes.
Read MoreA controversial $1.7 billion fund is under consideration by the Trump administration, aiming to compensate political allies investigated during President Biden's term. Critics label it a taxpayer-funded political slush fund, raising major ethical and legal questions. The proposal remains unapproved.
Read MoreA sharp spike in long-term U.S. Treasury yields to multi-year highs has intensified inflation and interest rate fears, triggering a broad market sell-off. The previously high-flying semiconductor sector was among the hardest hit, as geopolitical tensions and rising oil prices fueled a global flight to safety.
Read MoreU.S. stocks plunged sharply on May 16th, with major indexes falling over 1%. While the S&P 500 secured a seventh consecutive weekly gain, a broad sell-off hit tech giants and precious metal stocks. Apple defied the trend to hit a record high.
Read MoreAn Israeli official states the country is preparing for potential military action against Iran, which could last days or weeks. With US-Iran talks stalled, Israel awaits a final US decision, expecting clarity within 24 hours.
Read MoreAmid Middle East tensions threatening global oil supplies, the U.S. is streamlining permits in Alaska's National Petroleum Reserve to boost domestic production. New rules could slash approval times to 30 days, helping energy companies accelerate projects as international flows face disruption.
Read MoreSpaceX is targeting June 11 to set its IPO price, with shares expected to begin trading on Nasdaq under the ticker 'SPCX' as early as June 12, according to informed sources. This marks a pivotal move for the commercial space leader.
Read MoreSilver prices experienced a roller-coaster week, crashing below $80 per ounce. Initial boosts from AI stock hype and industrial demand were overwhelmed by resurgent inflation fears and rising bond yields, eroding the appeal of the non-interest-bearing metal and triggering a sharp sell-off.
Read MoreA senior French official confirmed the aircraft carrier Charles de Gaulle has arrived in the Arabian Sea to prepare for a multinational maritime security operation in the Strait of Hormuz. France describes the mission as defensive and lawful, aimed at ensuring freedom of navigation.
Read MoreThe US State Department confirms a 45-day extension of the ceasefire between Israel and Lebanon, creating space for renewed political talks in early June. This move is seen as a critical step to ease regional tensions and advance diplomatic solutions.
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