A weaker-than-expected June jobs report provided relief for US equities as investors worried that continued labor market strength could prompt the Federal Reserve to adopt a more hawkish stance on inflation.

Oil prices are falling sharply as improving prospects for peace between the United States and Iran raise expectations of increased global crude supply.

China will continue investing heavily in both coal and renewable energy—including wind and solar power—over the next five years, according to the country's latest five-year plan.

The global artificial intelligence (AI) boom continued to support Asia's manufacturing sector in June, with strong demand for technology-related products offsetting disruptions linked to the conflict involving Iran.

Wall Street stocks declined Wednesday as investors assessed comments from Federal Reserve Chairman Kevin Warsh and awaited the closely watched June US employment report.

Oil prices fell for a third straight session as shipping through the Strait of Hormuz continued to recover and signs emerged of progress in indirect negotiations between the United States and Iran.

Asian markets extended their decline as investors took profits in semiconductor stocks following a strong quarter.

US stock futures were little changed ahead of the release of the June employment report in a holiday-shortened trading week.

The Philippine Stock Exchange (PSE) index on Thursday rose by 56.46 points, or 0.93 percent, to close at 6,125.72, although market uncertainty persisted.

Sovereign wealth funds and central banks managing a combined $29 trillion in assets are increasing investments in energy-related assets while reassessing exposure to the U.S. dollar.

More central banks expect to reduce their allocations to the U.S. dollar than increase them over the next decade as political risks associated with the currency continue to grow.

U.S. business profits continued to surge in the first quarter of 2026, reaching record levels by several key measures and extending a decade-long trend of strong corporate earnings.

After failing to block a ballot measure that would impose a billionaire tax in California, Gov. Gavin Newsom is now proposing a national wealth tax of his own.

Technology stocks helped lift Wall Street as investors wrapped up a month of losses for the S&P 500 and the Nasdaq, while the three major U.S. stock indexes still posted their strongest quarterly percentage gains in years.

The U.S. Supreme Court has blocked President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, a decision widely viewed as reinforcing the independence of the U.S. central bank.

Oil prices stabilized after posting their largest quarterly decline since the COVID-19 pandemic as traders monitored peace talks between the United States and Iran and the resumption of shipping through the Strait of Hormuz.

The chief executives of two trillion-dollar companies are warning that the rapid expansion of artificial intelligence is contributing to rising prices.

The Philippine Stock Exchange (PSE) index on Thursday rose by 56.46 points, or 0.93 percent, to close at 6,125.72, although market uncertainty persisted.

China's dominance in the global clean energy sector continues to grow. Buoyed by soaring energy demand driven by the artificial intelligence (AI) boom, clean energy projects are being approved at a rapid pace.

Seafood prices continue to climb as tariffs, supply shortages and weather-related disruptions drive up costs for consumers.

The Philippine Stock Exchange (PSE) index on Wednesday rose by 32.09 points, or 0.53 percent, to close at 6,069.26, but investors remained cautious.

Authorities in Russian-occupied Crimea suspended civilian gasoline sales this week after intensified Ukrainian attacks targeted fuel infrastructure across the Black Sea peninsula.

A group of Australians has petitioned the United Nations, alleging that the government's continued support for coal and gas exports violates their human rights.

The Japanese government is expected to maintain its assessment that the economy is recovering moderately in its June monthly report.