US jobless claims surge to pandemic-era levels, fueling Fed rate-cut speculation
US job market delivered an unwelcome surprise this week, as jobless claims spiked to levels not seen since the depths…
China’s trillion-dollar plan to clean up local government arrears: what it means for its economy
China is preparing a massive, multiyear bailout to resolve more than $1 trillion in unpaid bills tied to local governments,…
Charlie Kirk to be posthumously awarded US highest civilian honor, Trump announces
US President Donald Trump announced he will posthumously award Charlie Kirk the Presidential Medal of Freedom, the highest civilian honor…
Commodities wrap: gold, crude prices dip amid rate cut bets, silver hits 14-year high
Gold and crude oil prices were in the red on Thursday, even as the market bet on a reduction in…
Oracle pullback follows record AI-fueled surge toward trillion-dollar valuation
On Thursday, Oracle shares fell nearly 5% after a previously relentless rally that had taken the enterprise software maker to…
US pushes faster Russian energy exit, EU sticks to 2028 target
Following a meeting with US Energy Secretary Chris Wright, EU Energy Commissioner Dan Jorgensen stated on Thursday that the EU…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
Poland says Russian drones breached airspace, were shot down
Poland shot down drones that entered its airspace during a large-scale Russian attack on western Ukraine on Wednesday, with Warsaw…
Gold’s bullish momentum to be challenged by US inflation figures, say analysts
Gold has continued its rally over the last few weeks, with prices hitting a series of record highs. However, the…
US holiday sales expected to rise a modest 2.9–3.4%, Deloitte says
Holiday sales in the United States are set to increase at the slowest pace since the pandemic, according to Deloitte’s…