News Results

The public listing of SpaceX will take centre stage as it looks likely to become one of the top 10 most valuable U.S. listed firms after it goes public, while a rate hike from the European Central Bank on Thursday seems nailed on. Elsewhere, China releases a bunch of data and the OPEC+ group meets to decide its oil output quotas against the backdrop of the Iran war.

* Unemployment rate likely remained at 4.3% for third straight month. * Employment report likely to show labor market remains in a "slow-hire, slow-fire" state. By Lucia Mutikani. U.S. employment growth likely moderated in May after two straight months of strong gains, but the pace would probably remain consistent with stable labor market conditions.

Japanese government bonds held steady on Friday, while short-term yields were poised for a weekly advance as market bets solidified around policy tightening by the central bank. Here are a few details: * The benchmark 10-year JGB yield fell 1 basis point to 2.660%. Yields move inversely to bond prices.

Gold prices edged lower on Friday, and were set for a weekly loss, as tensions in the Middle East dampened hopes for a U.S.-Iran peace deal amid rising inflation and rate-hike fears.

Japan's real wages climbed 1.9% in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power.

Japan's real wages climbed 1.9% in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power.

Findings reveal business travel supports 6.7 million U.S. jobs and accounts for 2.1% of GDP, underscoring its role as a critical driver of economic growth nationwide Business travel within and to the United States continues to be a major engine powering the nation?s economy and growth, generating $623.8 billion in total gross domestic product impact as related travel spending reached $538.5 ...

Australian home prices are set for their weakest growth since 2022 this year, as higher mortgage rates and cost-of-living pressures keep many first-time buyers out of the market, a Reuters poll of property analysts showed.

* Jobless claims rise above forecasts. * Oil prices fall on hopes for US-Iran deal. * Fed officials signal inflation as priority. By Chuck Mikolajczak. U.S. Treasury yields fell on Thursday after labor market data was softer than expected, while oil prices retreated on renewed hopes that a deal to end the U.S.-Israeli war with Iran could be reached.

US nonfarm payrolls are expected to rise by 85,000 in May after a 115,000-jobs gain in April, based on a survey compiled by Bloomberg, while the unemployment rate is expected to remain at 4.3%. The May employment report is due to be released at 8:30 am ET Friday.

Kansas City Federal Reserve President Jeffrey Schmid said on Thursday that the U.S. central bank's choice now is between being patient and holding interest rates steady or hiking rates to tamp down inflation that has been above target for years. "The big question now is do we stay patient?"

Kansas City Fed president Jeffrey Schmid said Thursday that the U.S. central bank's choice now is between being patient and holding interest rates steady or rate hikes to tamp down inflation that has been years above target. "The big question now is do we stay patient?"

San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on a 12-month horizon.

* Boston Fed paper says changes in US energy use bear on Fed policy response. * Boston Fed researchers say Fed can concentrate on inflation issues amid current shock. * Some Fed officials weighing need for rate hikes to combat high inflation. By Michael S. Derby.

Canada updates the Labour Force Survey for May on Friday at 8:30 a.m. ET, said Scotiabank. Consensus sits at a 10,000 gain in jobs, with most expecting a rise except for an anonymous entry, noted the bank. Scotiabank estimates a 25,000 increase, with an unchanged unemployment rate of 6.9%. May is when university and college grads heave a sigh of relief after completing exams, pointed out the bank.

Canada unveiled a new artificial intelligence strategy on Thursday that it says will help create 250,000 jobs by 2031 and includes a new C$500 million tech fund to help homegrown AI firms.

Global supply chains remained under pressure in May as a result of the war in the Middle East, data from the New York Federal Reserve showed on Thursday, suggesting inflation pressures will remain formidable for the foreseeable future. The regional Fed bank's latest Global Supply Chain Pressure Index ebbed modestly to 1.77 from an unrevised 1.82 in April.

* Jobless claims rise above forecasts. * Oil prices fall on hopes for US-Iran deal and Israel-Lebanon ceasefire. * Fed's Lorie Logan says policy may be too loose. By Chuck Mikolajczak. U.S. Treasury yields were lower on Thursday, after labor market data was softer than expected, while oil prices tumbled on renewed optimism a deal to end the war between the U.S. and Iran could be reached.

* Weekly jobless claims increase 13,000 to 225,000. * Continuing claims drop 8,000 to 1.777 million. * First-quarter worker productivity growth, unit labor costs estimates revised lower. By Lucia Mutikani.

Treating the current tariff environment as permanent, the Canadian Parliamentary Budget Officer now projects real gross domestic product growth of 1.1% for this year and 1.6% in 2027, down from 1.3% and 1.8%, respectively, from its September 2025 outlook.

The number of Americans filing claims for unemployment benefits increased more than expected last week, touching their highest level in four months, but the underlying trend remained consistent with a stable labor market. Economists shrugged off the rise in weekly jobless claims reported by the Labor Department on Thursday as volatility related to last Monday's Memorial Day holiday.

The number of Americans filing claims for unemployment benefits increased more than expected last week, but the underlying trend remained consistent with a stable labor market. Initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 225,000 for the week ended May 30, the Labor Department said on Thursday.

US initial jobless claims rose to a level of 225,000 in the week ended May 30 from a downwardly revised 212,000 level in the previous week, compared with expectations for a 215,000 level in survey of analysts compiled by Bloomberg as of 7:30 am ET. The four-week moving average jumped by 6,500 to 214,750 after increasing by 5,500 to a level of 208,250 in the previous week.

With its "Summer of AI," HighLevel is making the technology reshaping the global economy free for the small businesses and agencies that need it most, not just the enterprises that can afford it. DALLAS, June 4, 2026 /PRNewswire/ --?Small businesses are the engine of the American economy.

The Canadian economy hit a clear soft patch at the start of 2026, as confirmed by last week's gross domestic product, said Scotiabank. GDP was essentially flat in Q1, coming in below all expectations and pointing to softer underlying demand pressures, noted the bank. That said, the headline weakness should be interpreted with "caution," stated Scotiabank.

16 meeting. * Ueda all but cemented June hike in hawkish narrative pivot. * Board to scrutinise war developments in reaching final decision. * No explicit opposition from dovish administration so far. * BOJ eyes pause or slowdown in bond taper next fiscal year. By Leika Kihara.

The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting price pressure in the economy.

* BOJ likely to raise policy rate to 1% at June 15-16 meeting. * Ueda all but cemented June hike in hawkish narrative pivot. * Board to scrutinise war developments in reaching final decision. By Leika Kihara.

The Federal Reserve's quarterly "dot plot" rate forecasts may soon lose their last projected rate cut, the so-called easing dot, and the plot itself could possibly disappear altogether. The new Fed chair is busily setting out his stall and dutifully consulting staff before his first policy meeting later this month.

Japan's government expects the Bank of Japan to conduct appropriate monetary policy toward a sustainable 2% inflation target that is driven by wage growth in close coordination with the government, Chief Cabinet Secretary Minoru Kihara said on Thursday.

Japanese government bond yields were varied on Thursday, with the benchmark edging higher while short-end yields extended gains as investors weighed firmer Bank of Japan rate-hike expectations and global inflation concerns.

* Fed's Beige Book highlights inflationary pressures, modest growth. * Outlook for economic growth uncertain, with signs of weak consumer spending. * Warsh convenes his first policy meeting as Fed chief in two weeks. * Fed's Logan says she is concerned a rate hike may be needed. By Ann Saphir and Howard Schneider.

Federal Reserve Chairman Kevin Warsh inherits an economy bolstered by an AI investment boom but pinched by rising prices from the Iran war, a Fed survey showed on Wednesday, setting up a fight over an interest rate hike when he runs his first policy meeting in two weeks.

* Japan more exposed to spillover effects of inflation. * BOJ will keep raising rates at 'appropriate pace', Ueda says. * Ueda signals rate-hike chance even if Iran uncertainty remains. * Delaying rate hike may inflict huge burden on economy. * Speech heightens chance of June rate hike, analysts say. By Leika Kihara.

Federal Reserve Bank of Dallas President Lorie Logan on Wednesday said she feels monetary policy is currently "neutral or perhaps even a bit loose," in contrast with what she feels the economy needs in light of inflation that's too high.

Dallas Federal Reserve President Lorie Logan on Wednesday said signs of robust economic growth and corporate earnings "going gangbusters" are helping to make her worried that the Fed may need to raise interest rates this year to get inflation back down to its 2% target.

Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index decreasing 1% and the State Street Financial Select Sector SPDR ETF shedding 1.1%. The Philadelphia Housing Index dropped 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin fell 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.49%. In economi...