US employers expected to add 105,000 jobs in May as labor market shows modest growth
Labor Department report expected Friday to show continued hiring recovery from 2025 slump, though job creation remains below pre-pandemic levels.
Labor Department report expected Friday to show continued hiring recovery from 2025 slump, though job creation remains below pre-pandemic levels.

Trump family reportedly earned about $500 million from cryptocurrency ventures while investors faced steep losses amid Bitcoin's worst weekly performance since FTX collapse.

Several developments emerge regarding Jeffrey Epstein's network, affecting Bill Gates, Goldman Sachs executive, and abuse survivors.

Asian stock markets fell as higher bond yields pressured equities, with South Korea experiencing significant foreign investor selloffs and volatility.
Italian bank UniCredit has rejected accusations from Commerzbank regarding irregularities in its tender offer process.

European Central Bank data shows gold has overtaken US Treasuries as the world's primary reserve asset amid changing central bank strategies.

The Trump administration's auction of oil drilling rights in Alaska's Arctic National Wildlife Refuge drew few bidders despite ongoing global oil supply disruptions.

US wholesale prices jumped 1.1% in May due to energy cost increases, while Iran's oil production dropped significantly amid ongoing sanctions.

The Federal Reserve is expected to maintain current interest rates at what appears to be Jerome Powell's last policy meeting as chair.
Euro zone inflation reached 3.2% in May, the highest since 2023, as the Iran conflict disrupted energy markets and pushed commodity prices higher.

Corporate earnings show weakness across sectors while job cuts increased in April, reflecting broader economic uncertainty.
GameStop has made a $56 billion acquisition offer for eBay, with CEO Ryan Cohen citing potential to compete with Amazon.

Spirit Airlines ceased operations Saturday, canceling thousands of flights and stranding passengers amid financial troubles and rising fuel costs.

Asian financial markets grapple with currency weakness, inflation concerns, and geopolitical tensions amid complex central bank policy decisions.

President Trump said he will raise tariffs on European Union automobiles from 15% to 25%, citing EU non-compliance with trade agreements.
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