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Tue, Jun 23, 2026 03:04 AM All times are UTC

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Wall Street Steadies as Nvidia Dips Post-Earnings Amid Trade, Economic Worries

Feb 27, 2025 05:48 am UTC| Economy

U.S. stock futures showed little movement on Wednesday evening as Wall Street attempted to recover from four days of sharp losses. Investor sentiment remained fragile amid concerns over trade tariffs and a slowing U.S....

European Stocks Rise, Global Debt Hits Record $318 Trillion, and Oil Prices Rebound

Feb 27, 2025 05:48 am UTC| Economy

European stock markets traded higher on Wednesday as investors anticipated more corporate earnings. Germanys DAX climbed 0.7%, while the UKs FTSE 100 and Frances CAC 40 gained 0.2% each. Global debt surged by $7 trillion...

Hong Kong to Cut Spending by 7%, Invest in AI to Tackle Economic Challenges

Feb 26, 2025 06:39 am UTC| Economy Technology

Hong Kong is set to reduce public recurrent expenditure by 7% by 2027/28 to curb a rising deficit while making a major push into artificial intelligence (AI) to counter global economic uncertainty, geopolitical tensions,...

Hong Kong Eyes 2-3% Growth in 2025 Amid Fiscal Challenges and Market Uncertainty

Feb 26, 2025 06:39 am UTC| Economy

Hong Kongs economy is projected to expand between 2% and 3% in 2025, following a 2.5% growth rate in 2024, according to Financial Secretary Paul Chan. The forecast comes as authorities grapple with a widening fiscal...

Asian Stocks Slip as Trump’s Tariff Threats Rattle Markets, Hong Kong Tech Surges

Feb 26, 2025 06:39 am UTC| Economy

Most Asian stocks declined Wednesday as risk appetite waned following U.S. President Donald Trumps renewed tariff threats. Weak U.S. economic data also weighed on sentiment, while Hong Kong markets stood out with strong...

Oil Prices Rebound After Surprise U.S. Inventory Draw, But Economic Concerns Loom

Feb 26, 2025 06:21 am UTC| Economy

Oil prices rose in Asian trade on Wednesday, recovering some losses after U.S. industry data showed an unexpected decline in crude inventories. However, prices remained under pressure following weak economic signals from...

Dollar Slides as Weak U.S. Data and Trade Tensions Boost Safe-Haven Currencies

Feb 26, 2025 06:20 am UTC| Economy

The U.S. dollar hovered near an 11-week low on Wednesday, weighed down by falling short-term Treasury yields following weak economic data. Meanwhile, the yen strengthened as investors sought safety amid escalating trade...

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Economy

New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum

New Zealand is accelerating the development of major gold mining projects and attracting new mining investment as record-high gold prices breathe life into a sector that has struggled for years. The governments push to...

Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns

The Japanese yen hovered near its weakest level in almost four decades on Tuesday, fueling speculation that Japanese authorities may once again intervene in the foreign exchange market to support the struggling currency....

Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears

Asian stock markets mostly declined on Tuesday, while oil prices recovered some losses as investors weighed easing geopolitical tensions alongside growing expectations that the U.S. Federal Reserve could adopt a more...

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...

Politics

US Delivers $13M Autonomous Maritime Drones to Philippines

The United States has transferred four Ocean Aero Triton autonomous underwater and surface vehicles to the Philippine military in a deal valued at $13 million, according to the U.S. Embassy in the Philippines. The move...

Trump Threatens ABC News Lawsuit Over Lincoln Memorial Reflecting Pool Coverage

U.S. President Donald Trump announced Monday evening that he is preparing legal action against ABC News, accusing the network of publishing false and misleading reports regarding his administrations handling of the Lincoln...

California Court Dismisses Trump Administration Lawsuit Against Los Angeles Sanctuary Policy

A California federal court has dismissed a lawsuit filed by the Trump administration against the City of Los Angeles over its sanctuary city ordinance, marking another legal setback in the ongoing debate over immigration...

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...

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

Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom

Baseten, a California-based artificial intelligence startup co-founded by Australian entrepreneurs, has raised $1.5 billion in a new funding round, pushing its valuation to $13 billion. The deal highlights the growing wave...

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....