The company raised its capital spending forecast and said Amazon Web Services sales increased 37% in the second quarter.

Amazon stock jumped after the e-commerce and cloud-computing giant reported second-quarter results. Cloud growth for Amazon reached a more than four-year high as the company touted progress in offering custom AI chips and services to enterprises.

Amazon saw growth pick up meaningfully within its cloud business during the second quarter, and its stock was climbing 5% in Thursday's after-hours trading. The company turned in AWS revenue of $42.2 billion,

Amazon reported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 9% in extended trading. Here's how the company did, compared with estimates from analysts polled by LSEG: Revenue in Amazon's cloud segment expanded 37% year over year during the quarter,

Yield on 30-year Treasury soars as investors fret policymakers will not be able to contain the inflationary shock from Iran war

The Federal Reserve held interest rates steady on Wednesday, a choice that may intensify questions about how U.S. central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2% target.

The new Fed chair got the "good family fight" he said he wanted. While he’s still using words more than deeds, it’s encouraging that Federal Reserve Chairman Kevin Warsh is going out of his way to convey that inflation remains unacceptably high.

As expected, the Federal Reserve chose to hold interest rates steady on Wednesday, although three members of its interest rate policy committee chose to dissent, preferring a rate hike. In the brief statement that has now become the norm under new Chairman Kevin Warsh,

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The strength in underlying GDP growth during the second quarter is likely to fade sharply in the second half of 2026, according to analysts at Pantheon Macroeconomics. While headline GDP posted a mediocre 1.

The Eurozone's gross domestic product (GDP) grew by 0.4% in the second quarter of 2026, the European Commission's statistical office, Eurostat, announced on Thursday in its first estimate. In the European Union,

Q/Q annual rate vs. +2.3% consensus and +2.1% in Q1, according to data released by the U.S. Bureau of Economic Analysis on Thursday.

Gold was headed for its first monthly gain in five on Friday, as investors assessed the impact of the U.S.-Iran conflict and parsed the ​Federal Reserve's signals for clues on inflation and the path for ‌interest rates.

Gold edged lower on Wednesday, pressured by a ​firm dollar and elevated ​U.S. Treasury yields, while investors ​awaited the U.S. Federal Reserve's interest-rate decision and remarks from Chair Kevin Warsh later in the day for clues on its policy path.

Wall Street ended sharply lower on Wednesday after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of quarterly reports from Microsoft and Meta Platforms and the Nasdaq 100 index marking an 11% drop from its June record high.

Gold is down by more than a fifth since the US-Iran war began more than five months ago, with high energy prices stoking inflationary pressures and raising the likelihood that rates will stay higher for longer.

South Korea’s Kospi index jumped more than 16% on Friday, tracking Wall Street gains, as artificial intelligence-related stocks bounced back after losses this week. U.S. futures edged higher and oil prices fell.

South Korea's tech-heavy Kospi index has been one of this year's most volatile markets, rising and falling with sentiment around the AI s

Oil prices are back to jumping, while sinking technology stocks are dragging Wall Street lower ahead of a Federal Reserve decision on what to do with interest rates

Oil prices got back to jumping on Wednesday, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control. The S&P 500 fell 1.

Oil futures edge lower in early Asian trade on a possible technical correction after Wednesday’s strong gains. However, losses may be limited by prospects of more U.S.-Iran ho hostilities that could exacerbate supply disruptions.

The US said it intercepted an Iranian attack on military bases, ending a dayslong pause in fighting and increasing the risk of a return to full-blown war in the Middle East.

Oil prices were jumping higher after the U.S. military intercepted Iranian ballistic missiles aimed at American forces in Jordan. Shortly after the surprise attack, the U.S. and Saudi Arabia launched strikes in Iraq against Iran-backed groups that the Islamic Revolutionary Guard Corps previously directed to attack American troops and Saudi energy infrastructure.

Oil rose sharply amid renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles.