Finance

U.S. jobless claims rose to 225,000 for the week ending May 30, the highest since February, but layoffs remain historically low. Labor market data suggest resilience despite economic headwinds.

U.S. inflation accelerated in April to its highest level in nearly three years, increasing pressure on the Federal Reserve and raising concerns about tariffs and consumer costs.

A new EU Chamber survey found growing confidence among European companies operating in China despite escalating trade tensions and geopolitical concerns.

Snowflake raised its annual revenue forecast after strong earnings driven by enterprise AI demand and a new $6 billion cloud infrastructure partnership with Amazon AWS.

A Federal Reserve survey shows more Americans believe their financial condition has worsened compared with a year ago, while inflation expectations, debt concerns and economic uncertainty continue to weigh on households.

HPE reported record quarterly revenue as demand for AI infrastructure, servers and networking products surged, prompting the company to raise its financial outlook.

Global stock markets declined as investors reacted to a selloff in AI-related shares, rising oil prices and renewed concerns over inflation and geopolitical tensions in the Middle East.