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SUMMARY:
Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears | The Straits TimesmyST+MenuChoose edition
Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
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Traders working on the floor of the New York Stock Exchange in New York City. All three major US stock indexes closed sharply lower on June 5.
Published Jun 06, 2026, 04:27 AM
Wall Street’s nine-week winning streak ended, with technolog
SUMMARY:
US-Iran Talks Show Little Progress as Clashes ContinueSource: Bloomberg
The US and Iran have made little progress in talks over an interim peace deal this week, with the sides seeing their worst clashes since an April ceasefire began and fighting continuing in Lebanon.
Skirmishes continued overnight between Hezbollah and Israel in southern Lebanon after the Iran-backed group rejected a US-brokered proposal aimed at securing a broader truce. Even so, Hezbollah’s attacks on northern Israel have
SUMMARY:
A Jollibee mascot during a children's party at a Jollibee Foods Corp. restaurant in Quezon City, Metro Manila, the Philippines.Photographer: Veejay Villafranca/Bloomberg
Jollibee Foods Corp. is considering switching a potential spinoff and listing of its international business from the US to Hong Kong, where share sales are flying, according to people familiar with the matter.
The Philippines-based fast-food group, which has been expanding rapidly overseas to take on the likes of McDonald’s Co