Markets, trade, and economic policy worldwide
US President Trump said he 'loves' inflation as new data showed US consumer prices rose at their fastest pace in three years, surpassing 4%. He said prices would fall once the Iran war ends, claiming that the US has taken millions of barrels of oil from the Strait of Hormuz.
Gold enters a bear market for the first time since 2022. How the ‘safe-haven’ metal got here.
Oracle reported earnings and revenue that beat analyst expectations and announced an additional $20 billion to its planned capital raise.
Oracle reported Q4 revenue of $19.18B, up 21% year-over-year, beating estimates of $19.1B, and said it expects to raise about $40B through debt and equity financing in fiscal year 2027.
Dow Jones Industrial Average unofficially plunged 899.86 points, or 1.77%, closing at 49,972.25.
The S&P 500 unofficially dropped 109.63 points, or 1.48%, closing at 7,277.02.
NASDAQ unofficially fell 472.01 points, or 1.84%, closing at 25,206.81.
Mega deals will likely continue driving an M&A resurgence that will accelerate in the second half of 2026, with private equity keeping the pace, predicts Alex Kelly of Latham & Watkins.
Bond investors are increasingly scrutinizing financing deals linked to artificial intelligence infrastructure buildouts, according to Citigroup analysts.
Oracle reported quarterly capital expenditures that were higher than estimates, raising investor concerns about the profitability of the company's AI infrastructure business.
The price of gold futures fell below $4,100 per troy ounce for the first time since November 24, 2025, according to COMEX data.
Oracle reported Q4 fiscal 2026 adjusted revenue of $19.18 billion, above estimates of $19.09 billion, with adjusted EPS of $2.11 beating the $1.97 consensus. Cloud infrastructure revenue came in at $5.79 billion, slightly above the $5.72 billion forecast.
The Dow Jones Industrial Average closed below 50,000 points as stocks fell on concerns over inflation, Iran, and artificial intelligence.
US consumer inflation vaults above 4% as Iran war boosts energy prices.
Stocks weigh as foreign investors pull $27 bln out of emerging market portfolios in May
Greece will join the IMF's Southeast Europe Technical Assistance Center (SEETAC) as a partner in capacity development work. The IMF's 18th regional center will deliver technical assistance to Western Balkan countries.
Breakingviews column suggests SpaceX's launch could signal the trajectory of the IPO market.
From autumn 2026, laboratory-grown stones in Russia will no longer be allowed to be called diamonds and will become 'cut synthetic diamonds'. Their weight can no longer be indicated in carats. The measure is intended to protect consumers: until now, retailers could mix products of different categories. The innovation may lead to a decrease in consumer demand and create risks for jewelers.
Brazil and the United States are expected to discuss tariffs on Friday, according to CNN Brasil.
The Bank of Canada held its key interest rate steady and said it sees few signs that energy prices are broadly fueling inflation.
SpaceX's potential mega IPO could help fund the US deficit as global investors pile in, according to strategists.
Asked earlier today whether he was concerned about last month's inflation data published Wednesday by Bureau of Labor Statistics, which showed the highest rate of inflation in over three years, President Trump told reporters: "No, I love it. The numbers were great."
The Canadian dollar edged higher as the Bank of Canada adopts a wait-and-see approach.
Gold has entered a bear market for the first time since 2022, according to MarketWatch.
Apotex Health shares jump in largest Toronto stock market IPO since 2021.
Oil prices rose nearly $3 a barrel after President Trump said the US is going to attack Iran 'very hard' if no peace deal is finalized and as market data showed a larger-than-expected drawdown in US crude inventories.
More Americans are moving away from coastal areas and to the Midwest as the national cost of living continues to grow.
The Wall Street Journal reports exclusively that the federal government has sold Washington, D.C.'s former Old Post Office building, now a Waldorf Astoria hotel, to the firm that holds the long-term lease on the property.
President Donald Trump said Wednesday that he is not seeking a straightforward renewal of the United States' free trade pact with Mexico and Canada, setting the stage for lengthy negotiations in the coming months.
A Brazilian Senate committee has approved a bill granting operational autonomy to the central bank, moving forward despite opposition from Luiz Inácio Lula da Silva.