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Tue, Jun 23, 2026 01:50 AM All times are UTC

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Oil Prices Surge as U.S. Tariff Concessions Boost Market Sentiment

Mar 06, 2025 11:53 am UTC| Economy Business Politics

Oil prices rebounded in Asian trading on Thursday after hitting multi-year lows, driven by U.S. tariff concessions that lifted market sentiment. Brent crude futures for May rose 0.5% to $69.66 per barrel, while West Texas...

Indian Steel Prices Set to Drop as U.S. Tariffs Reshape Global Trade

Mar 06, 2025 11:52 am UTC| Economy

Indian steel mills are bracing for a significant price drop as U.S. import tariffs on steel and aluminum take effect on March 12, reshaping global trade flows. SP Global estimates steel prices in India could decline by...

South Korea’s Inflation Slows in February, Easing Pressure on Policymakers

Mar 06, 2025 11:51 am UTC| Economy

South Koreas consumer inflation eased for the first time in four months, offering some relief to policymakers eyeing further monetary easing. According to Statistics Korea, the consumer price index (CPI) rose 2.0%...

Australia’s Trade Surplus Rises in January, But Misses Expectations

Mar 06, 2025 11:51 am UTC| Economy

Australias trade surplus grew in January but fell short of forecasts, as steady imports countered a surge in exports driven by rising gold demand. According to the Australian Bureau of Statistics, the trade surplus rose to...

Trump’s Auto Tariff Delay Lifts Stocks as Investors Eye Jobs Report

Mar 06, 2025 11:44 am UTC| Economy

U.S. stock futures were little changed Wednesday evening after Wall Street rallied on President Donald Trumps decision to grant a one-month exemption on new 25% auto tariffs for imports from Mexico and Canada. SP 500...

Canada’s 2025 Budget Faces Pressure Amid U.S. Tariffs and Policy Shifts

Mar 06, 2025 11:42 am UTC| Economy

SP Global Ratings warns that Canadas provincial budgets in 2025 will face mounting pressures from federal policy changes, rising costs, and newly imposed U.S. tariffs. The economic outlook varies by province, with some...

ECB Poised for Rate Cut Amid Economic Uncertainty

Mar 06, 2025 11:41 am UTC| Economy Central Banks

The European Central Bank (ECB) is expected to cut interest rates by 25 basis points on Thursday, bringing the deposit rate to 2.5%. While this move has been widely anticipated, it may be the last straightforward decision...

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Economy

Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures

Japans manufacturing sector maintained strong momentum in June, supported by the fastest rise in new orders in more than four years, even as businesses continued to face mounting cost pressures linked to the ongoing Iran...

U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs

American drivers are seeing welcome relief at the gas pump as gasoline prices continue to decline following improved diplomatic relations between the United States and Iran. According to fuel price tracker GasBuddy, the...

Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets

U.S. stocks closed mixed on Monday as a sharp decline in Alphabet shares pressured the communication services sector, while investors closely monitored evolving developments in the Middle East and assessed the Federal...

Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low

Global oil prices extended their recent decline on Monday as optimism grew over ongoing U.S.-Iran peace negotiations and the reopening of the vital Strait of Hormuz. The easing of geopolitical tensions in the Middle East...

Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks

Japans financial authorities are maintaining uncertainty over potential currency intervention as the Japanese yen hovers near its weakest level in nearly four decades. Market participants are closely watching government...

Politics

Russian Air Strikes Injure Six Across Ukraine as Kyiv Issues Air Raid Alert

At least six people were injured in a new wave of Russian air strikes across Ukraine overnight, according to local officials, as authorities in Kyiv issued an air raid alert early Tuesday and urged residents to seek...

Alan Greenspan: 7 Fascinating Facts About the Former Fed Chairman

Former Federal Reserve Chairman Alan Greenspan, who died Monday at the age of 100, left behind a remarkable legacy that extended far beyond economics and monetary policy. Known as one of the most influential figures in...

UNAIDS Urges U.S. to Reconsider South Africa HIV Funding Withdrawal

The head of UNAIDS, Winnie Byanyima, has urged the United States to reconsider its decision to withdraw HIV/AIDS funding for South Africa, warning that the move could put millions of vulnerable people at risk and...

US Waives Iran Sanctions for 60 Days as Peace Talks Advance and Lebanon Sees Calm

The United States has granted Iran a 60-day sanctions waiver following the first round of negotiations under a newly established peace agreement, signaling a potential breakthrough in efforts to ease tensions across the...

Rubio Gulf Tour Aims to Reassure Allies on Trump’s Iran Deal

U.S. Secretary of State Marco Rubio will visit the United Arab Emirates, Kuwait, and Bahrain from Tuesday through Thursday as the Trump administration seeks to strengthen support for its preliminary agreement with Iran...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Meta Pauses Employee Activity Tracking Program Over Data Security Concerns

Meta has temporarily suspended an internal employee monitoring program used to train its artificial intelligence models after concerns emerged about potential data security and privacy risks. The program, known as the...

Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates

Oracle reduced its global workforce by approximately 21,000 employees, or 13%, during fiscal 2026 as the company continued a major restructuring effort while expanding its artificial intelligence and cloud computing...

Alphabet Stock Slides as AI Talent Exodus and SpaceX Losses Shake Investor Confidence

Alphabet (NASDAQ: GOOGL) shares plunged nearly 7% on Monday, marking one of the companys sharpest single-day declines in recent years as investors reacted to a combination of high-profile AI talent departures and weakness...

SpaceX Stock Plunges 16% as KeyBanc Warns Valuation May Be Overstretched

SpaceX shares tumbled more than 16% on Monday after investment firm KeyBanc initiated coverage with a cautious outlook, suggesting the aerospace giants valuation has become stretched following its strong post-IPO rally....

Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise

IBM shares surged in after-hours trading Monday after President Donald Trump publicly praised IBM CEO Arvind Krishna during a White House event focused on advancing U.S. quantum technology leadership. The endorsement...