Turkey’s inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.

High U.S. interest rates traditionally spell bad news for emerging markets, making their debts — which are often priced in U.S. dollars — more expensive.

The core personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, unchanged from February and slightly higher than expected.

The U.S. 2-year Treasury yield

 rose close to 5% on Thursday following data indicating strength in the manufacturing sector.

Oil prices fell on Monday after Iranʼs reprisal attack on Israel over the weekend.

Apple iPhone shipments dropped nearly 10% globally in the first quarter of 2024

China will remain the largest growth engine for the world economy in spite of its slowdown, the Asian Development Bank said.

Treasury yields jumped on Friday after closely watched nonfarm payrolls data for March surged past expectations.

Economists doubt that artificial intelligence is already visible in productivity data. Big companies, however, talk often about adopting it to improve efficiency.

The UK economy fell into recession during the final three months of 2023, according to official figures.