Hours after Unusual Machines announced it hired Donald Trump Jr. as an adviser, its stock prices nearly doubled while social media users were left scratching their heads.

The Republican congressman eventually conceded he would vote in support of the ban because he doesn't "have any f--king money to put in the stock market."

The stock market has officially lost its "Trump bump" after the S&P 500 closed just above the nearly record-high post-election open.

After a run of above-forecast data and warnings from central bank officials suggesting monetary policy would remain elevated for some time, the remarks provided fresh optimism that a reduction -- and possibly two -- was on the way before the end of the year.

Some 28% of Latino families own stocks, while this figure is 39% for Black families and 66% for White families

Another record close for the S&P 500 in New York did little to inspire buying on a day when most of the region is closed for the Lunar New Year break.

Asian markets enjoyed a much-needed bounce Tuesday after a dour start to the year, with traders tracking a rally on Wall Street fuelled by bargain-buying and a surge into sold-off tech giants.

Equities surged in the last two months of last year on expectations the US central bank will slash interest rates several times this year as inflation comes down, the labour market softens, and the economy heads toward a soft landing.

Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities struggled after two US reports dented recent euphoria over the future of interest rates.

Asian markets tracked the rally in New York, with Tokyo more than 2% higher, while Hong Kong, Wellington, Manila and Jakarta were up more than 1%.

Asian stocks sank Thursday, tracking a retreat on Wall Street fuelled by a surge in US Treasuries and worries over a possible escalation of the Middle East crisis, which also helped oil hold the previous day's rally.

China is reportedly planning to expand an iPhone ban to government-backed agencies and state companies, broadening the effect of the policy in a centrally-planned economy.

Elon Musk's SNL debut has caused a sharp dip in Dogecoin cryptocurrency prices.

Shares and the euro fell on Monday after the European Central Bank poured cold water on a report that its new crisis fighting plan could include buying euro zone countries' bonds if their borrowing costs breached certain levels.