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Sat, Apr 11, 2026 02:49 AM All times are UTC

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U.S. trade deficit narrows in June on rise in exports, data likely to be better in August

Aug 05, 2020 14:11 pm UTC| Commentary

The U.S. trade deficit narrowed to USD 50.7 billion in June from Mays USD 54.8 billion, as imports dropped more than exports. Exports rose 9.4 percent, as compared with Mays decline of 4.3 percent. On the other hand,...

Gold rallies over $2,000 level on softer dollar, stimulus bets

Aug 05, 2020 10:49 am UTC| Commentary

Gold prices surged to an all-time peak above the $2,000 mark on the back of a weaker dollar and bets for more stimulus measures to revive a pandemic-ravaged economy. Spot gold was trading 1.5 percent higher at $2,040.75...

Australian real retail spending falls in Q2 2020

Aug 04, 2020 15:33 pm UTC| Commentary

Australian national real retail spending dropped in the second quarter. On a quarter-on-quarter basis, the retail spending dropped 3.4 percent, including a nominal fall of 2.2 percent and price growth of 1.2 percent...

Australian weekly consumer sentiment falls moderately on sharp weakness in economic conditions

Aug 04, 2020 12:48 pm UTC| Commentary

Australian weekly consumer sentiment fell last week. The ANZ-Roy Morgan Australian consumer confidence dropped 0.4 percent. The length of fall now matches the one seen in the first wave of the pandemic when sentiment...

Gold holds firm near record peak amid persisting coronavirus concerns

Aug 04, 2020 08:36 am UTC| Commentary

Gold prices steadied after rising to record highs in the prior session amid growing worries over the global economic fallout from mounting COVID-19 cases. However, improving risk appetite following positive U.S. economic...

U.S. construction spending falls in June on decline in residential private construction spending

Aug 03, 2020 18:33 pm UTC| Commentary

U.S. construction spending dropped in the month of June on fall in residential private construction spending. On a month-on-month basis, construction spending fell 0.7 percent, as compared with consensus expectations of a...

U.S. manufacturing operating conditions rebound in July, PMI index rose to 50.9

Aug 03, 2020 16:05 pm UTC| Commentary

U.S. manufacturing operating conditions rebound for the first time since February. The PMI data hinted at a further upward movement in the headline index, as manufacturers recorded the first rebound in operating conditions...

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Economy

Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns

The Federal Reserve has launched a formal inquiry into major U.S. banks and their financial ties to the private credit sector, raising fresh concerns about systemic risk across the $1.8 trillion industry. The move comes as...

Middle East Conflict Threatens Global Economic Stability, World Bank Warns

The ongoing Middle East war is sending shockwaves through the global economy, and even a fragile ceasefire brokered by U.S. President Donald Trump may not be enough to prevent lasting damage, World Bank President Ajay...

U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices

U.S. stock markets closed mixed on Friday as investors weighed a fragile Middle East ceasefire against an inflation report that came in better than feared. Despite Fridays uneven session, major indexes logged their...

Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs

Tensions between Colombia and Ecuador have reached a breaking point after Colombia announced 100% retaliatory tariffs on Ecuadorian imports, intensifying an ongoing trade dispute between two ideologically divided...

Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty

Most Asian currencies slipped slightly on Friday but remained on track to close the week in positive territory, as traders adopted a cautious stance ahead of the U.S. March Consumer Price Index (CPI) release and monitored...

Politics

Iran's Missile Arsenal Poses Ongoing Risk Despite U.S. Claims of Destruction

Recent U.S. intelligence assessments reveal that Iran still maintains thousands of operational ballistic missiles, directly contradicting the White Houses assertion that the regimes military capabilities have been...

Gaza Airstrike Kills Six at Bureij Camp Police Checkpoint

An Israeli airstrike struck a police checkpoint in the Bureij refugee camp, located in the central Gaza Strip, in the early hours of Saturday morning, killing at least six people and wounding several others, according to...

Iran-US Peace Talks Begin in Islamabad Amid Ceasefire Tensions

Irans delegation touched down in Islamabad, Pakistan, on Friday to begin high-stakes diplomatic negotiations with the United States, even as Tehran raised last-minute conditions that cast uncertainty over the proceedings....

Trump's Gaza Peace Plan Stalls as Billions in Pledged Funding Fails to Materialize

Donald Trumps ambitious Gaza reconstruction initiative is facing a serious setback, with his Board of Peace receiving only a fraction of the $17 billion pledged by international donors. According to sources familiar with...

Trump Vows to Reopen Strait of Hormuz Amid Historic Energy Crisis

President Donald Trump stated on Friday that the United States expects to reopen the Strait of Hormuz fairly soon, though he acknowledged the effort would not be straightforward. Speaking to reporters, Trump did not...

Science

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...

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...

Technology

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...

SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20

Nasdaq Inc. confirmed late Friday that SanDisk Corporation will enter the Nasdaq-100 Index, taking the spot previously held by Atlassian Corp Plc when markets open on Monday, April 20, 2026. The change signals a broader...

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...