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Thu, Dec 11, 2025 05:43 AM All times are UTC

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Wall Street Gains on Strong Jobs Report, Hopes for Eased U.S.-China Tariffs

May 03, 2025 03:02 am UTC| Economy

U.S. stocks ended higher Friday, securing a second consecutive week of gains as strong jobs data and signs of a potential thaw in U.S.-China trade tensions lifted investor sentiment. The Dow Jones rose 564.47 points...

Gold Edges Higher as Dollar Dips Ahead of U.S. Jobs Data

May 02, 2025 06:57 am UTC| Economy

Gold prices gained in Asian trading on Friday as a weaker U.S. dollar lifted demand, though overall gains were capped amid easing trade tensions between the U.S. and China. Spot gold rose 0.5% to $3,255.95 per ounce, while...

Japan Hints U.S. Treasury Holdings Could Be Trade Negotiation Leverage

May 02, 2025 03:10 am UTC| Politics Economy

Japanese Finance Minister Katsunobu Kato suggested on Friday that the countrys vast holdings of U.S. Treasuriesexceeding $1 trillioncould potentially be used as leverage in trade talks with the United States. While Kato...

Asian Stocks, US Futures Rise on Hopes for US-China Trade Talks

May 02, 2025 03:02 am UTC| Economy

Asian stock markets and U.S. futures rose on Friday amid renewed optimism over potential U.S.-China trade talks, offsetting investor concerns following weak earnings from Apple and Amazon. Chinas commerce ministry said...

Oil Prices Rebound on China-US Trade Talk Hopes, but Weekly Losses Loom

May 02, 2025 02:59 am UTC| Economy

Oil prices edged higher in Asian trading Friday, supported by renewed hopes for China-U.S. trade talks that may ease tensions between the worlds top two oil consumers. Brent crude futures rose 0.8% to $62.62 per barrel,...

South Korea’s Factory Activity Hits 31-Month Low Amid U.S. Tariff Pressure

May 02, 2025 02:34 am UTC| Economy

South Koreas manufacturing sector saw its sharpest contraction in over two years in April, as U.S. tariffs imposed by President Donald Trump triggered a steep decline in demand. According to SP Global, the countrys...

QatarEnergy Eyes Long-Term LNG Deal With Japan Amid Rising Global Competition

May 02, 2025 02:27 am UTC| Business Economy

QatarEnergy, one of the worlds top liquefied natural gas (LNG) exporters, is reportedly in advanced talks with Japanese firms for a long-term LNG supply deal from its North Field expansion project, sources told Reuters....

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Economy

Australia’s Labour Market Weakens as November Employment Drops Sharply

Australias labour market showed clear signs of cooling in November, with national employment falling by the most in nine months. According to the Australian Bureau of Statistics, total employment declined by 23,100 jobs,...

Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries

Mexico has taken a decisive step to strengthen its domestic manufacturing sector by approving significant tariff hikes on a wide range of imports from China and several other Asian countries. The Senate passed the measure...

Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts

The U.S. dollar weakened on Thursday after the Federal Reserve struck a less-hawkish tone than investors anticipated, prompting traders to increase bets on further rate cuts in 2025. While the Fed lowered interest rates by...

Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move

Hong Kongs de-facto central bank, the Hong Kong Monetary Authority (HKMA), lowered its base interest rate by 25 basis points to 4.0% on Thursday, mirroring the latest policy shift by the U.S. Federal Reserve. This marks...

Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns

Asian stock markets wavered on Thursday after disappointing earnings from U.S. cloud computing giant Oracle raised fresh doubts about the profitability of artificial intelligence investments. Oracle shares plunged more...

Politics

Environmental Group Sues to Block Trump Image on U.S. National Park Passes

An environmental organization has filed a lawsuit to stop the U.S. Interior Department from placing an image of former President Donald Trump on next years America the Beautiful annual national park pass. The Center for...

Trump Administration Unveils High-Priced “Trump Gold Card” Visa Program

The Trump administration has officially introduced the Trump Gold Card, a premium visa program that offers non-U.S. citizens an expedited pathway to live and work in the United Statesat a steep cost. Launched through...

Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges

Australias groundbreaking ban on social media use for children under 16 has entered its first days with both praise and pushback, as Prime Minister Anthony Albanese acknowledged the rollout would not be flawless. The law,...

Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate

Japans government is preparing a new round of tax incentives aimed at accelerating corporate investment, according to a report from the Nikkei business daily. The initiative comes even as policymakers intensify discussions...

Trump Plans Call With Thailand and Cambodia to Ease Rising Border Tensions

U.S. President Donald Trump announced Wednesday that he will hold a phone call Thursday with leaders from Thailand and Cambodia as Washington attempts to ease escalating tensions between the two Southeast Asian nations....

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters

SoftBank Group shares dropped sharply on Thursday, leading declines across Japanese markets, after Oracles mixed quarterly earnings reignited concerns about soaring artificial intelligence investments. SoftBank (TYO:9984)...

SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans

Elon Musk signaled that SpaceX is moving closer to a long-anticipated initial public offering, confirming on Wednesday that reports of an upcoming IPO were accurate. His response came after Ars Technica editor Eric Berger...

Nvidia Develops New Location-Verification Technology for AI Chips

Nvidia has confirmed the development of a new location-verification technology designed to help identify the country where its AI chips are being used, a move aimed at curbing the smuggling of advanced processors into...

EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute

The General Court of the European Union has significantly reduced Intels antitrust fine, lowering it from the previously imposed 376 million to 237.1 million ($438 million to $276 million). The ruling, issued Wednesday,...

China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs

China has taken a major step to reinforce its domestic semiconductor industry by adding locally developed artificial intelligence chips to an official government procurement list for the first time, according to a report...