US stock index futures were mixed on Friday as a pullback in major chipmakers weighed on sentiment before the May employment report, a key test for investors trying to judge the Federal Reserve’s next move. Technology shares came under pressure after a strong rally, while traders also weighed inflation risks…
Artificial intelligence is rapidly reshaping the US labor market, with employers increasingly citing the technology as a reason for workforce reductions even as hiring continues in parts of the economy.US-based employers announced 97,006 job cuts in May, according to a report released Thursday by global outplacement and executive coaching firm…
The number of Americans filing new applications for unemployment benefits increased last week, but the overall level of claims remained consistent with a labour market that continues to show resilience despite signs of slowing economic momentum.Data released by the Labor Department on Thursday showed initial jobless claims rose to 225,000…
India and Venezuela are strengthening their energy partnership, with New Delhi describing the relationship as one of “perfect complementarity” amid severe disruptions in oil supplies from the Middle East caused by the ongoing Gulf crisis.Venezuela’s interim President Delcy Rodríguez visited India this week, holding high-level talks with Prime Minister Narendra…
The Reserve Bank of India kept its benchmark repo rate unchanged at 5.25% after its June monetary policy meeting on Friday, matching market expectations as policymakers balanced inflation risks, growth concerns and pressure on the Indian rupee.The decision leaves borrowing costs steady at a time when investors are watching India’s…
Sandisk stock price continued its bull run this week, reaching its all-time high amid the ongoing AI boom. SNDK has already jumped by over 600% this year and by over 4,000% in the last 12 months. While this rally may continue, there are substantial risks that it will suffer a…
The crypto market remained on edge today, June 5, with Bitcoin and most altcoins being in the red. The valuation of all coins retreated by 1.68% in the last 24 hours to $2.1 trillion. This article provides a forecast for top tokens like Zcash (ZEC), Cardano (ADA), and Pi Network…
Brent crude oil price remains in a narrow range this week as investors watch the new developments in the ongoing US-Iran crisis. It was trading at $95.40 today, June 5, after Hezbollah rejected the new ceasefire agreement between Israel and Lebanon. Odds of new fighting rise as Hezbollah rejects ceasefireBrent and…
The South Korean won continued its strong downward trend, reaching its lowest level since 2009, despite the ongoing Kospi Index surge. The USD/KRW exchange rate surged to 1,550, up sharply from the year-to-date low of 1,420. South Korean won, and the Kospi divergence continuesThe South Korean won and the country’s stock…
Lloyds Bank (LON: LLOY) share price has moved sideways this year as concerns about its growth and the British economy have remained. It was trading at 100.50p on Friday, inside the range it has remained at in the past few months. So, is it a good stock to buy for…