… Susannah Streeter, chief investment strategist at Wealth Club, said the slowdown in jobs growth opens the door to a “Goldilocks scenario” for the US economy, in which it could stay “not too hot, but not too cold”. …
… But Isaac Stell, investment manager at asset manager Wealth Club, said an interest rate hike is “the most logical conclusion from today’s data combined with last week’s healthy jobs numbers“.
… Investors are opting for tech companies “with more reliable income streams and dividends”, said Susannah Streeter, chief investment strategist at Wealth Club, adding there were “undercurrents of worry about the surge in tech stock prices” The price of the global benchmark Brent j …
… But Isaac Stell, investment manager at asset manager Wealth Club, said an interest rate hike is “the most logical conclusion from today’s data combined with last week’s blow-out jobs numbers”.
… Investors are opting for tech companies “with more reliable income streams and dividends”, said Susannah Streeter, chief investment strategist at Wealth Club, adding there were “undercurrents of worry about the surge in tech stock prices”. …
… AI that its billions of users can interact with on the platform is Meta’s own. “Meta is on track to shell out $145bn [£107bn] on AI infrastructure in 2026, and investors want to see a lot more bang for those mega bucks,” said Susannah Streeter from investment platform Wealth Club …
… Overall, the banks reported $47.7bn in profits for the first three months of 2026. “Heavy trading volumes have benefited investment banks, in particular Morgan Stanley and Goldman Sachs,” Susannah Streeter, chief investment strategist at Wealth Club, said. …
… Overall, the banks reported $47.7bn in profits for the first three months of 2026. “Heavy trading volumes have benefited investment banks, in particular Morgan Stanley and Goldman Sachs,” Susannah Streeter, chief investment strategist at Wealth Club, said. …
Employment in restaurants, bars and hotels in the US fell by 61,000 jobs in June, disappointing analysts who expected the World Cup tournament (hosted jointly by the US, Canada and Mexico) to boost leisure and hospitality hiring. Overall US employment rose by only 57,000 in June, lower than expected, while the unemployment rate dipped to 4.2%.
Employment in restaurants, bars and hotels in the US fell by 61,000 jobs in June, disappointing analysts who expected the World Cup tournament (hosted jointly by the US, Canada and Mexico) to boost leisure and hospitality hiring. Overall US employment rose by only 57,000 in June, lower than expected, while the unemployment rate dipped to 4.2%.
US prices rose 4.2% year-on-year in May, the fastest rate in three years, driven by rising energy costs following the US-Israel war in Iran. President Trump said he "loves the inflation" but promised prices would "come down like a rock" when the conflict ends.
Asian stock markets suffered steep losses on Monday as investors grew concerned about overvalued artificial intelligence investments and a rise in oil prices following renewed Iran-Israel strikes. US markets recovered some losses with the Nasdaq closing up 0.9% and the S&P 500 up 0.3%, though South Korea's Kospi index fell 8.3% and Japan's Nikkei dropped 3.9%.
US inflation rose to 4.2% in May, the fastest pace in three years, driven primarily by rising energy costs amid the US and Israel's war in Iran. The increase from 3.8% the previous month marks the third consecutive monthly rise in the Consumer Price Index.
US stock markets recovered modestly on Monday after Friday's losses, but Asian markets fell sharply—South Korea's Kospi index closed 8.3% lower and Japan's Nikkei fell 3.9%—amid a technology stock sell-off and renewed Middle East tensions that raised oil prices and inflation concerns.
WhatsApp has introduced private "incognito" chats with its AI chatbot where neither user nor company responses are monitored and past conversations disappear. WhatsApp head Will Cathcart said users wanted private conversations on sensitive topics like health and finances, though a cybersecurity expert warned this could reduce accountability if issues occur.
US consumer prices rose at their fastest rate since May 2023, with April's consumer price index reaching 3.8%, driven by surging energy costs following the impact of the US-Israel war in Iran and disruption to the Strait of Hormuz shipping lane. The rise makes interest rate cuts by the Federal Reserve less likely this year.
As the US-Israel war in Iran drives up energy prices and disrupts shipping through the Strait of Hormuz, major oil and gas companies report record profits. BP's first-quarter profits more than doubled to $3.2 billion, Shell reported $6.92 billion in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4 billion, with European firms benefiting from volatile energy prices and trading operations.
Major oil and gas companies including BP, Shell, and TotalEnergies have reported record profits as conflict and Iran's closure of the Strait of Hormuz have driven up energy prices and volatility. BP's profits more than doubled to $3.2bn, Shell reported $6.92bn in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4bn.
Brent crude rose to its highest level since 2022, touching $126.31 a barrel, after reports that the US military plans to brief President Trump on potential military action against Iran. Energy prices have been rising as peace talks stall and the Strait of Hormuz remains effectively closed, with about 20% of the world's oil and LNG typically passing through the waterway.