The US’s headline personal consumption expenditures inflation index for May rose at an annual rate of 2.3 per cent, in line with consensus expectations and slightly above April’s 2.2 per cent rise. On ...

A self-declared democratic socialist whom President Trump has branded a “100% Communist Lunatic”, Mamdani had beaten the man who polls suggested would sail to the nomination — Andrew Cuomo, scion of a ...

Wall Street’s S&P 500 share index climbed to a record high on Friday, capping a dramatic rebound by US stocks from a sharp drop earlier in the year sparked by Donald Trump’s barrage of global tariffs.