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Global Stock Market

Asian Stocks Tumble as Broadcom’s 12% Crash Hits Chips Globally: BOJ Rate Hike Warning Smacks Nikkei

Key Takeaways Broad regional retreat: Asian markets fell as tech and chip stocks gave back recent gains amid Iran uncertainty and Broadcom’s post-earnings slump. Broadcom crashes 12%: The chip designer’s mixed earnings and unchanged AI guidance disappointed markets, with losses spilling across Asia. Nikkei drops 1.9%: Japan’s index slumped after …

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Meta Shares Jump as AI Agent Push Expands Beyond Advertising Business

Meta Platforms shares rose more than 4% on Wednesday as investors reacted positively to the company’s expanding artificial intelligence strategy, which is increasingly focused on new revenue streams beyond traditional digital advertising.The stock move came after Meta unveiled a new AI-powered business tool designed to help companies manage customer interactions …

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U.S. Labor Market Nears a Critical Turning Point in 2026

The US labor market is entering a pivotal phase, reflecting a cautious balance between continued job creation and underlying structural pressures that could shape the economic trajectory in the coming period.In May 2026, the change in nonfarm employment reported by ADP showed an addition of around 122,000 jobs, surpassing economists’ …

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Will ECB Hike Rates as Inflation Refuses to Back Down?

The European Central Bank is approaching its June policy meeting amid growing expectations that borrowing costs could rise again as inflation remains higher than policymakers would like.Recent economic data suggest that price pressures across the eurozone are proving more persistent than anticipated, increasing pressure on the central bank to take …

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Apple’s New Budget Laptop Sparks Fresh Competition Across the PC Market

Apple’s latest entry into the budget laptop segment is rapidly becoming one of the company’s biggest success stories of 2026, attracting millions of buyers and reshaping competition across the global PC market.Launched in March at a starting price of $599, the new MacBook quickly gained traction among consumers looking for …

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Services in Focus: ISM PMI Poised to Signal Continued U.S. Expansion

Overview All eyes turn to the services sector this Wednesday as the Institute for Supply Management (ISM) prepares to release its May Services Purchasing Managers Index (PMI). The report arrives at a pivotal moment, with markets hungry for confirmation that the U.S. economy continues to expand amid persistent inflation and …

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U.S. Labor Market at a Crossroads: Steady Hiring Masks Deeper Pressures

ADP Private Payrolls: May 2026 U.S. private sector employment beat expectations in May, with the ADP National Employment Report showing 122,000 jobs added, above the Reuters economist consensus of 117,000. April’s figure was revised slightly downward to 105,000 from an initially reported 109,000. The report, developed jointly with the Stanford …

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Wall Street Hovers at Records as U.S.-Iran Strikes Rattle Peace Hopes: Broadcom Earnings Could Be the Day’s Game-Changer

Key Takeaways Futures mixed: Dow futures fell 182 points (-0.4%), S&P 500 futures dipped 0.1%, while Nasdaq 100 futures gained 0.2%. Nine straight S&P 500 records: The benchmark notched its longest all-time closing streak since May 2025. Five-day sweep: All three major averages hit record closing highs for five consecutive …

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Nikkei Rockets to Record High on Japan’s $19.5B Stimulus: AI Rally Powers Asia Higher Despite Fresh Iran Strikes

Key Takeaways Nikkei hits all-time high: Japan’s benchmark jumped nearly 3% to a record 68,645.5 points; TOPIX hit a peak of 3,996.22. Japan stimulus approved: The cabinet approved a 3.11 trillion yen ($19.5 billion) supplementary budget to tackle high living costs from the Iran war. Consumption tax cut coming: PM …

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