Nippon Steel Corporation (TSE: 5401) has successfully finalized its acquisition of United States Steel (NYSE: X) in a deal valued at approximately $14.9 billion, the companies announced on Wednesday. This strategic acquisition creates a “world-leading steelmaker,” combining the strengths of both companies in the global steel market. Terms of the …

New applications for unemployment insurance in the United States dropped to 245K for the week ending June 14, according to the U.S. Department of Labor (DOL) on Thursday. This figure matched initial estimates and was a decrease from the previous week’s revised tally of 250K (revised from 248K). The report …

Bitcoin extended its recent losses on Wednesday, as the ongoing Israel-Iran conflict continued to weigh on investor sentiment and quash risk appetite. The broader cryptocurrency market also retreated, with few signs of deescalation in the conflict. Traders were also focused on potential U.S. intervention following President Donald Trump’s harsh rhetoric …

U.S. stock futures edged higher on Wednesday as traders evaluated the ongoing Israel-Iran conflict and braced for the conclusion of the Federal Reserve’s policy meeting later in the day. At 05:20 ET (09:20 GMT), Dow Jones Futures gained 100 points, or 0.2%, S&P 500 Futures rose 20 points, or 0.3%, …

European stocks steadied on Wednesday as investors remained cautious, closely monitoring the ongoing Israel-Iran conflict and awaiting the conclusion of the latest Federal Reserve policy meeting. As of 03:05 ET (07:05 GMT), the DAX index in Germany dropped 0.1%, while the CAC 40 in France gained 0.2%, and the FTSE …

Gold prices held steady in Asian trade on Wednesday as investors remained cautious ahead of the Federal Reserve’s interest rate decision later in the day. Safe-haven demand was supported by escalating tensions in the Israel-Iran conflict and concerns about potential U.S. military involvement. Spot gold remained unchanged at $3,388.25 per …

Oil prices steadied in Asian trade on Wednesday after surging over 4% the previous session, driven by concerns about potential supply disruptions due to the ongoing Israel-Iran conflict and an unexpected draw in U.S. oil inventories. Brent oil futures for August fell slightly to $76.40 per barrel, while West Texas …

Retail Sales in the United States fell by 0.9% in May to $715.4 billion, according to data released by the U.S. Census Bureau on Tuesday. This marked a sharper-than-expected decline, following the 1.5% decrease in April (revised from +0.1%). Analysts had expected a 0.7% contraction for May. On a yearly …

Oil prices saw an uptick on Tuesday, driven by rising concerns over disruptions from the ongoing Iran-Israel conflict. However, major oil and gas infrastructure and supply flows have so far remained relatively unaffected by the escalating tensions. Brent crude futures rose by $1.23, or 1.7%, to $74.46 per barrel as …

Bitcoin rose slightly on Tuesday, extending gains from the prior session following reports that Iran was seeking a ceasefire in its ongoing conflict with Israel. However, gains in the cryptocurrency markets remained fragile, as the Middle East conflict showed little sign of de-escalation and traders remained cautious ahead of the …