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Fri, Apr 03, 2026 07:02 PM All times are UTC

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Oil Prices Surge as Freezing Forecasts and Rising Diesel Demand Drive Late-Year Rally

Dec 30, 2024 20:12 pm UTC| Economy Business

Oil markets rallied on Monday, with prices climbing in thin holiday trade as forecasts of colder weather in the U.S. and Europe spurred expectations of increased diesel demand. Investors also eyed geopolitical developments...

Korean Political Chaos Shakes Economy as Acting President Faces Historic Impeachment Drama

Dec 30, 2024 20:06 pm UTC| Economy Politics Law

South Korea plunged deeper into political turmoil as parliament impeached acting president Han Duck-soo, marking the first time in the nations history that an acting leader has been removed. The move follows the...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

Dec 30, 2024 20:01 pm UTC| Economy Health Science

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

Dollar Surges to Two-Year High as Fed Signals Fewer Rate Cuts While Yen Gains on Rate Hike Prospects

Dec 30, 2024 19:59 pm UTC| Economy

The U.S. dollar maintained its upward momentum on Monday, nearing a two-year high against global currencies, as markets continued to absorb signals from the Federal Reserve of a less aggressive approach to rate cuts in...

US Homebuyers Defy High Mortgage Rates as Pending Sales Surge to 21-Month High

Dec 30, 2024 19:57 pm UTC| Economy

The U.S. housing market continues to show resilience, with pending home sales climbing in November to their highest level since February 2023. Despite elevated mortgage rates, buyers are capitalizing on improved inventory,...

European Stocks Sink as Bond Yields Surge Sparking Market Anxiety Ahead of 2025

Dec 30, 2024 19:54 pm UTC| Economy

European shares tumbled on Monday during the final full trading session of 2024, echoing Wall Streets downward trend as persistently high government bond yields drove investors out of equities. Despite a generally strong...

Stock Market Chaos Deepens as Surging Yields Spark Massive Sell-Off in Final Days of 2024

Dec 30, 2024 19:52 pm UTC| Economy

Global stocks tumbled on Monday as elevated U.S. Treasury yields drove a third consecutive session of losses, unsettling investors at the close of a strong year for equities. Despite optimism earlier in 2024 fueled by...

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Economy

U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty

The U.S. labor market is expected to post modest gains in March, recovering from Februarys sharp drop of 92,000 jobs, but persistent headwinds are keeping economists cautious. A Reuters poll forecasts nonfarm payrolls...

Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures

A senior Bank of Japan official reaffirmed the central banks commitment to continuing its interest rate hike cycle, while closely monitoring how the ongoing Middle East conflict is shaping Japans economic outlook and...

Japan Signals Readiness to Intervene as Yen Weakens Toward 160 Per Dollar

Japanese Finance Minister Satsuki Katayama issued a stern warning to currency traders on Friday, signaling that Tokyo is prepared to take decisive action against what officials describe as speculative behavior driving...

China's Services Sector Maintains Growth Streak Despite March Slowdown

Chinas services industry continued to expand in March, though at a notably slower pace, as weakening demand and ongoing workforce reductions tempered activity across the sector. According to the latest RatingDog Services...

U.S. Stock Futures Stabilize Ahead of Good Friday as Investors Eye Jobs Report

U.S. stock index futures held steady Thursday evening as markets entered a cautious holding pattern before the Good Friday holiday closure, with traders weighing Middle East tensions and positioning ahead of a critical...

Politics

Iran-U.S. Military Tensions Escalate as Tehran Fortifies Key Energy Infrastructure

As geopolitical tensions between the United States and Iran intensify, Tehran is ramping up its military readiness in anticipation of a potential ground operation on its soil. According to reports from the Wall Street...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

First Western Ship Transits Strait of Hormuz Since Iran War Began

A container vessel operated by French shipping giant CMA CGM has become the first Western-linked ship to successfully navigate the Strait of Hormuz since the outbreak of the Iran war in late February, signaling a cautious...

Trump Fires Attorney General Pam Bondi Over Epstein Files and Slow Prosecutions

President Donald Trump removed Attorney General Pam Bondi from her position on Thursday, ending a tenure marked by controversy and growing frustration from the White House. Sources familiar with the matter say Trump had...

Ukraine Frontline Holds Firm as Zelenskyy Claims March Offensive Successfully Repelled

Ukrainian President Volodymyr Zelenskyy declared this week that the countrys frontline situation is the strongest it has been in ten months, crediting the Ukrainian armed forces with successfully neutralizing a major...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman

Annie Altman has filed an amended civil lawsuit against her brother, OpenAI CEO Sam Altman, accusing him of sexually abusing her over a span of nearly a decade. The amended complaint was submitted Wednesday in St. Louis...

TSMC Japan's Second Fab to Produce 3nm Chips by 2028

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has confirmed plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in...