In a letter to Russia’s Putin, Ukraine’s Zelenskiy proposed to end the war saying “Enough of war”. In a striking public letter addressed directly to Vladimir Putin, President Zelensky called for an immediate end to the war and proposed a face-to-face meeting at a neutral venue — naming Switzerland, Türkiye, and Arab states as potential […]
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U.S. nonfarm business sector productivity slowed much more than initially estimated and unit labor costs increased less than expected in the first quarter of the year, revised data from the Department of Labor showed on Thursday. Worker productivity, which is measured as output per hour, rose an annualized 0.3 percent from the previous quarter, reflecting
“Only a d***head says ‘vibe coding’ without sarcasm or intended insult. This s*** is burning us out so f***ing hard.” This is the rather harsh opinion of a senior engineer at a mid-tier data company – let’s call him Michael. He’s talking about a new form of software development in which a user provides a
Looking back over the last 15 trading days, most of the AUDUSD price action has been contained within a relatively well-defined range between 0.7100 and 0.7200. There were breaks below the lower boundary on May 19 and May 20, but neither move generated sustained downside momentum. Instead, buyers stepped in near the 0.7100–0.7113 support zone,
First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week’s revised level of 212,000. Economists had expected jobless claims to edge
Financial markets traded with a mixed tone today as investors tried to balance fresh signs of diplomatic progress in the Middle East against lingering concerns that the region’s energy and security risks are far from resolved. The shift in sentiment was reflected most clearly in currency markets, where Dollar weakened broadly as traders scaled back
How to trade or invest in Oracle shares Investors interested in enterprise software and cloud infrastructure exposure through Oracle have several options. Here’s how to approach participation: Research Oracle’s latest results, cloud market dynamics and AI infrastructure trends thoroughly. Understanding enterprise technology and trading software sector dynamics helps inform decisions. Trading for beginners provides useful
2026.06.04 2026.06.04 Pound Steadies as Sluggish GDP Growth May Keep BoE on Hold. Forecast as of 04.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The futures market expects the repo rate to rise from 3.75% to 4.25% in 2026. However, the weakness of the UK economy and labor market will most likely prevent the Bank of England from taking aggressive
Turkey’s export performance cooled in May 2026, with total overseas shipments falling to $22.50 billion, down from $25.40 billion in April 2026. The latest trade data, updated on 4 June 2026, signal a notable month‑on‑month pullback following April’s stronger showing. The decline suggests a loss of momentum after April’s peak, which may reflect shifts in
The primary catalyst for this aggressive risk-off rotation was an escalation in Middle Eastern geopolitics. Fresh threats to the fragile US-Iran ceasefire, alongside reports of launched or attempted retaliatory strikes, sent shockwaves through risk assets. This geopolitical premium immediately bid up the energy complex, with both WTI and Brent crude jumping by around2%. Adding fuel
Usually, rising oil prices have generally been a source of support for Canadian Dollar. This week, however, that relationship is breaking down. Despite Brent crude climbing back above $95 per barrel as US-Iran negotiations remain deadlocked, Canadian Dollar has weakened sharply against its US counterpart. The key reason is a new threat from Washington that
Construction PMI 38.2 vs 40.2 expected Prior 39.7 Ouch. That’s a terrible reading as things are just getting worse for UK’s construction sector in Q2. The estimate indicates that construction output fell at its sharpest pace since May 2020. And if you discount the drop during the Covid pandemic, this marks the steepest decline in
Estonia’s industrial production declined for the third straight month in April, and at the fastest pace in more than one-and-a-half years, data from Statistics Estonia showed on Thursday. The volume of industrial production contracted 3.8 percent year-on-year in April, following a 2.9 percent decrease in March. Moreover, this was the steepest fall since August 2024,
Key takeaways Renewed clashes between the U.S. and Iran involving Kuwait and Bahrain reignited geopolitical concerns, driving oil prices sharply higher and triggering a broad risk-off move across global equity markets. The AI-led technology rally faced its first meaningful challenge after Broadcom’s disappointing guidance raised concerns about the pace of AI infrastructure revenue growth, prompting
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Swiss Franc has emerged as one of the weakest major currencies this week. As US-Iran negotiations drag on without a clear resolution, markets are steadily pricing out a swift agreement. Brent crude remains well above $90 and is threatening a return to triple-digit territory. While the situation has not escalated into a broader regional conflict,
