Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Politics

Fri, May 29, 2026 11:16 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

US-Iran Ceasefire Extension Near as Strait of Hormuz Shipping Deal Advances

May 29, 2026 01:17 am UTC| Politics

The United States and Iran are reportedly close to reaching a major agreement that could extend their current ceasefire and restore unrestricted shipping through the Strait of Hormuz, one of the worlds most critical energy...

US and Iran Near Nuclear Deal as Ceasefire Extension Awaits Trump Approval

May 29, 2026 01:15 am UTC| Politics

U.S. Vice President JD Vance said Thursday that the United States and Iran are making significant progress toward a potential agreement, although several important issues remain unresolved. Speaking to reporters, Vance...

Netanyahu Orders Expansion of Israeli Control in Gaza to 70%

May 29, 2026 01:13 am UTC| Politics

Israeli Prime Minister Benjamin Netanyahu has instructed the countrys military to expand its control over Gaza, setting an initial target of seizing 70% of the Palestinian territory. The announcement comes as Israel...

U.S. Lawmakers Back Ukraine’s Request for More Patriot Missiles Amid Rising Russian Attacks

May 29, 2026 01:11 am UTC| Politics

Two U.S. lawmakers voiced strong support for Ukraines request for additional air defense systems after President Volodymyr Zelenskiy urged Washington to help protect Kyiv from escalating Russian missile strikes. The appeal...

Trump Administration Threatens Newark Airport International Travel Shutdown Over Immigration Dispute

May 29, 2026 01:03 am UTC| Politics Governance

The Trump administration is considering suspending international passenger and cargo processing at Newark Liberty International Airport as tensions escalate over immigration enforcement policies in northern New Jersey....

DOJ Opens Criminal Investigation Into E. Jean Carroll Over Alleged Perjury

May 28, 2026 03:16 am UTC| Law Governance Politics

The U.S. Department of Justice has launched a criminal investigation into writer E. Jean Carroll, who accused U.S. President Donald Trump of sexually assaulting her in the mid-1990s, according to a source familiar with the...

U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil

May 28, 2026 03:13 am UTC| Politics Economy Governance

The United States has imposed new sanctions on the Persian Gulf Strait Authority, the organization established by Iran to oversee transit requests through the Strait of Hormuz, according to a statement released by the U.S....

1 2 3 4 5 6 7 8 9 10

Economy

Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar

Asian currencies traded in a narrow range on Friday while the U.S. dollar remained largely unchanged, as investors assessed reports suggesting the United States and Iran are close to extending their ceasefire agreement....

Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment

Asian stock markets posted strong gains on Friday, supported by a global technology rally and growing optimism surrounding a potential extension of the ceasefire between the United States and Iran. Investor confidence...

Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path

Tokyo consumer inflation slowed in May, reinforcing expectations that the Bank of Japan (BOJ) will continue taking a measured approach to monetary policy tightening as inflationary pressures remain moderate. According to...

Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes

Gold prices remained largely unchanged during Asian trading on Friday as investors assessed reports suggesting that the United States and Iran could extend their ceasefire agreement. While easing geopolitical tensions...

Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns

Oil prices moved lower during Asian trading on Friday and were on track for significant weekly losses as investors evaluated the possibility of a longer U.S.-Iran ceasefire agreement and its potential impact on global oil...

Politics

China Expands Nuclear Defense Network in Remote Desert

China is rapidly strengthening its nuclear defense infrastructure in a remote desert region, according to newly analyzed satellite imagery. The large-scale construction project highlights Beijings efforts to enhance its...

Brazil Struggles to Stop Illegal Amazon Gold Mining as Gold Prices Surge

Brazil continues to face major challenges in its fight against illegal gold mining in the Amazon rainforest, despite increased enforcement efforts under President Luiz Inacio Lula da Silva. A new study by environmental...

DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding

The U.S. Department of Justice has launched an investigation into a group connected to billionaire entrepreneur Reid Hoffman regarding its partial funding of E. Jean Carrolls lawsuits against President Donald Trump,...

Judge Dismisses Trump Administration Lawsuit Against Boston Sanctuary City Policy

A federal judge has dismissed a lawsuit filed by the Trump administration that sought to challenge Bostons sanctuary city policy, marking another legal setback for the administrations efforts to expand federal immigration...

US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks

The United States has announced a new round of sanctions targeting Irans military-linked oil trade, even as Washington and Tehran move closer to extending a ceasefire agreement and restoring shipping access through the...

Science

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...

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...

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

Technology

MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook

MongoDB (NASDAQ: MDB) delivered stronger-than-expected first-quarter fiscal 2027 results, fueled by growing demand for its database platform among enterprises and organizations developing artificial intelligence...

SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target

Elon Musks SpaceX is reportedly moving forward with plans for a historic initial public offering (IPO), targeting a valuation of at least $1.8 trillion. According to a Bloomberg News report citing sources familiar with the...

Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion

Autodesk (NASDAQ: ADSK) reported stronger-than-expected financial results for its fiscal first quarter and announced a major $3.6 billion acquisition of MaintainX, a move that strengthens its position in AI-powered...

US Quantum Stocks Surge After $2 Billion Government Investment

The U.S. Department of Commerce has sparked major excitement across the technology and financial sectors after announcing plans to invest $2 billion into quantum computing and advanced hardware companies through the CHIPS...

Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results

Dell Technologies (NYSE: DELL) delivered stronger-than-expected fiscal Q1 2027 results on Thursday, fueled by surging demand for its AI-optimized servers. Following the earnings report, Dells Class C shares soared nearly...