Honda posted its first annual loss in over six decades after taking multibillion-dollar charges related to scaling back electric vehicle operations.
UK unemployment increased to 5% in the three months to March 2024, up from 4.9% in the previous quarter, according to official statistics.
European gas prices surge 16% weekly while gold declines as Iran-related tensions affect global energy markets and trade flows.
Americans face higher costs for gasoline, electricity, and air travel as inflation affects summer activities and household expenses.
JPMorgan raised its bullish target for South Korea's Kospi index to 10,000 while SoftBank announced plans to manufacture large-scale batteries for AI data centers.
Automaker Stellantis unveiled a $70 billion revival plan targeting positive cash flow by 2028 and launching nine vehicles under $40,000.
Rising fuel prices are pressuring airlines across the industry, with Spirit Airlines ceasing operations and forcing competitors to accommodate stranded passengers.
Wall Street showed divergent performance as technology stocks declined while the Dow Jones reached a new record high.
Passengers were removed from a London train service after air conditioning failed during Britain's hottest May day on record.
SoftBank has surpassed Toyota Motor to become Japan's largest company by market capitalization for the first time in over two decades.
Japan appears to have spent approximately $30 billion in currency intervention efforts as markets continue to test Tokyo's resolve.
Persistent inflation readings lead investors to reduce bets on Fed rate cuts while increasing expectations for potential rate hikes.
JPMorgan and Wells Fargo delivered mixed earnings results while Johnson & Johnson exceeded forecasts driven by cancer drug sales and raised its dividend.
Shell posted $6.92 billion in first-quarter profits, more than doubling earnings as higher oil prices and trading gains offset production concerns.
Major banks are experiencing renewed strength in deal-making activities while managing increased exposure to private equity transactions.
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