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Fri, Jun 12, 2026 03:08 AM All times are UTC

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Weak US retail sales in April signal soft rebound in consumption

May 13, 2015 17:33 pm UTC| Commentary

US retail sales were flat in April, in line with consensus (0.0%) expectations. Gasoline station sales were down 0.7% on the month and motor vehicles and parts fell by 0.4%.The weakness in April core sales was mitigated...

Bounce in U.S. economic activity in Q2 looks to be modest

May 13, 2015 17:12 pm UTC| Commentary

U.S. retail sales were flat (+0.0% M/M) in April, below the +0.2% M/M gain expected by the market. Marchs figure was upwardly-revised from 0.9% to 1.1%.This was not the rebound in spending that was anticipated. The...

Regional divide in Canadian housing widens

May 13, 2015 16:53 pm UTC| Commentary

Canadian Teranet Home Price Index has given us our first peak into Canadian housing activity in April. The index which tracks 11 major cities across Canada rose 4.4% year-over-year in April, following a 4.7% gain in...

US retail sales weakness continues

May 13, 2015 16:37 pm UTC| Commentary

US Retail sales were unchanged in April, following a 1.1% m/m gain in March (revised up from 0.9%). Motor vehicle sales fell by 0.4% m/m, gasoline station sales fell by 0.7% m/m, while building material sales increased by...

CNY review

May 13, 2015 16:30 pm UTC| Commentary

Chinese economic data was again very weak today with industrial production for April lower at 5.9 percent being below economist expectations. Fixed asset investment was lower at 12.0 percent well below 13.5 percent. Retail...

CAD review

May 13, 2015 16:29 pm UTC| Commentary

The Canadian Dollar strengthened against most currencies on the back of the rally in crude oil prices. Crude Oil prices at the highest level in 2015 should support Canadian Oil Sands output, which has very high capital...

EUR review

May 13, 2015 16:29 pm UTC| Commentary

Overall Eurozone GDP was slightly below par due to the largest economy Germany underperforming. Italy was another large economy which showed strong performance posting GDP growth of 0.3 percent well above the flat reading...

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Economy

Trump Says Iran Peace Deal Near as Markets Rally and Oil Prices Fall

U.S. President Donald Trump announced on Thursday that a peace agreement with Iran is close to completion, stating that a final document could be signed in Europe within days, potentially as early as this weekend. Speaking...

US Stock Futures Rise on Iran Peace Deal Hopes as SpaceX Debuts After Record IPO

U.S. stock index futures moved higher on Thursday evening after President Donald Trump announced that a peace agreement with Iran had been reached and could be formally signed in the coming days. The news boosted investor...

Oil Prices Fall as Trump Signals Iran Deal, Reducing Supply Risk Concerns

Global oil prices extended their decline in Asian trading on Friday and were on track for a weekly loss after U.S. President Donald Trump announced that he had canceled planned military strikes against Iran, citing...

New Zealand Manufacturing Slips Back Into Contraction in May

New Zealands manufacturing sector returned to contraction in May, highlighting ongoing challenges facing the countrys industrial economy amid weak customer demand and global economic uncertainty. According to the latest...

Dollar Stabilizes as Markets Weigh Middle East Ceasefire Prospects and Central Bank Policy Outlook

The U.S. dollar regained some ground in early Friday trading after falling to its lowest level in a week, as investors assessed reports suggesting a potential ceasefire agreement in the Middle East. Market sentiment...

Politics

Kremlin Says New EU Sanctions Won’t Hurt Russian Banks

The Kremlin has dismissed concerns over the European Unions latest sanctions proposal, stating that additional restrictions on Russian banks are unlikely to disrupt the countrys financial sector or reduce bank...

Xi’s North Korea Visit Strengthens Ties and Elevates Kim Jong Un’s Global Standing

Chinese President Xi Jinpings recent two-day visit to North Korea marked a significant diplomatic milestone, with both Beijing and Pyongyang portraying the trip as a major success. The visit reinforced the growing...

U.S.-Iran Peace Talks Continue Despite Escalating Military Strikes

The United States and Iran continued negotiations over a potential peace agreement overnight, even as both countries exchanged military strikes for a second consecutive day, according to reports from CNN and Reuters....

FBI Faces Historic Security Challenge Ahead of 2026 FIFA World Cup

The FBI is preparing for what Director Kash Patel describes as one of the largest security operations in U.S. history as the 2026 FIFA World Cup kicks off. With 48 teams, 36 base camps, 11 stadiums, and an estimated 3...

G7 Summit 2026 to Focus on Middle East Conflicts, Ukraine War, and Global Economic Challenges

The upcoming G7 Summit, scheduled for June 1517 in Evian-les-Bains, France, is expected to be dominated by discussions on the wars in the Middle East and Ukraine, as leaders seek to maintain unity amid growing geopolitical...

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

SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion

SpaceX has officially made history after pricing its highly anticipated initial public offering (IPO) at $135 per share, raising an unprecedented $75 billion and becoming the largest IPO ever completed in the United...

Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement

Shares of Astera Labs (NASDAQ: ALAB) and Rocket Lab (NASDAQ: RKLB) climbed sharply in after-hours trading on Thursday after Nasdaq confirmed both companies will be added to the prestigious Nasdaq-100 Index during its June...

SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans

SK Hynix shares recovered from early losses on Thursday after reports revealed the companys ambitious plan to significantly expand its wafer production capacity over the next decade. The South Korean memory chip...

OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic

OpenAI is reportedly considering major price cuts for its artificial intelligence services as competition in the AI industry continues to intensify. According to a Wall Street Journal report citing sources familiar with...

Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027

Oracle Corporation (NYSE: ORCL) delivered stronger-than-expected fiscal fourth-quarter 2026 results, surpassing Wall Street estimates on both earnings and revenue. Despite the positive performance and improved annual...