Spanish inflation continued to rise for the third consecutive month as the government reduced support to combat the energy crisis, causing prices to increase. According to data published on Thursday, inflation in May reached 3.8% compared to the previous year.

Nvidia’s highly anticipated earnings release exceeded Wall Street’s expectations, leading to a surge in the company’s stock price by almost 20% over the three days following the announcement.

Venture capital firm Index Ventures has invested $16 million in EthonAI, a startup that utilizes artificial intelligence to enhance the efficiency of production lines for global-scale manufacturers.

In a new development, Amazon.com has announced that its U.S. customers can now order from Grubhub directly through its shopping app and website. This expands on an existing deal that provides Amazon Prime members with free access to Grubhub+ membership, with no additional fees.

June is set to see the largest amount of net sovereign issuance in global bond markets so far this year. This comes at a time when economic data is casting doubt on the possibility of rate cuts, putting investors’ appetite for debt to the test.

China is currently making efforts to promote the global use of the yuan as a means to protect itself against potential sanctions imposed by Western countries. The main objective of Beijing’s push is to reduce the risks associated with geopolitical tensions, particularly those related to Taiwan.

Asian shares declined on Thursday as U.S. stocks experienced losses due to higher yields in the bond market. The Dow Jones Industrial Average dropped by over 400 points, contributing to the downward trend.

Asian stocks experienced significant losses on Thursday, while bond prices decreased due to expectations that global interest rates would remain higher for a longer period. Investors are closely watching upcoming inflation readings to gain insight into future monetary policy decisions.