U . S . Federal

Wall Street stocks tumbled on Friday despite solid bank earnings as oil and gold prices shot up amid worries about a potential widening of conflict in the Middle East.

After spending the entire session in the red, the Dow Jones Industrial Average finished down 1.2 percent, or 475 points, at 37,983.24.

The inflation that has squeezed European shoppers fell more than expected in March to 2.4 percent, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France.

Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023, the World Bank said in a report released on April 1. 

As gold prices surge to record highs, jewelry stores are grappling with dwindling supplies, prompting concerns about market stability and future price trends, with Istanbul Chamber of Jewelers reporting intensified production efforts at the General Directorate of Mint and Stamp Printing House.

OpenAI has concluded a deal with investors that reportedly values the California start-up at $80 billion or more, after a roller-coaster year for the inventor of ChatGPT.

Bitcoin spiked above $50,000 yesterday for the first time in more than two years as investors grow optimistic that U.S. approval of broader trading in the unit will ramp up demand.

Higher growth in emerging markets (EM), including Türkiye, relative to developed markets and the prospect of U.S. Federal Reserve rate cuts later this year are expected to push emerging-market net capital flows to a decade high in 2024, Fitch Ratings has said in its latest Economics Dashboard.

The U.S. Federal Aviation Administration has recommended that airlines inspect door plugs on Boeing 737-900ER jets after a blowout on another type of aircraft with a similar mid-cabin exit earlier this month.

United and Alaska Airlines both reported on Jan. 8 that loose hardware had been discovered on some of their Boeing 737 MAX 9 planes during preliminary inspections after a dramatic mid-flight incident last week.

United and Alaska Airlines both reported on Monday that loose hardware had been discovered on some of their Boeing 737 MAX 9 planes during preliminary inspections after a dramatic mid-flight incident last week.