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

Become a contributor

Bookmark Econotimes

Business

Tue, May 19, 2026 04:35 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Facebook Outage Disrupts Thousands of Users Across the United States

Mar 04, 2026 00:53 am UTC| Business Technology

Meta Platforms Facebook experienced a widespread outage on Tuesday that affected thousands of users across the United States, according to data from Downdetector.com, a website that tracks service disruptions for major...

Lockheed Martin Secures $1.9B U.S. Air Force Contract for C-130J Training and Maintenance Systems

Mar 04, 2026 00:49 am UTC| Business Technology

Lockheed Martin (NYSE: LMT) has secured a $1.9 billion indefinite-delivery/indefinite-quantity (IDIQ) contract from the U.S. Department of Defense to support the C-130J Maintenance and Training System IV (JMATS IV)...

Toyota Raises Toyota Industries Buyout Offer Amid Governance Concerns

Mar 03, 2026 09:19 am UTC| Business

Toyota Motor has increased its buyout offer for group company Toyota Industries (TICO) to 20,600 yen ($131) per share, valuing the forklift maker at approximately $30 billion. The revised bid marks a partial win for...

OpenAI and U.S. Defense Department Update Agreement to Clarify AI Usage Terms

Mar 03, 2026 02:19 am UTC| Business Technology

OpenAI CEO Sam Altman announced that the company is working with the U.S. Department of Defense (DoD) to update their existing agreement, reinforcing clear boundaries around how OpenAIs technology, including ChatGPT, can...

Blackstone Expands BCRED Investor Payouts Amid Rising Private Credit Market Concerns

Mar 03, 2026 02:15 am UTC| Business

Blackstone, the worlds largest alternative asset manager, has increased investor payouts from its $82 billion Blackstone Private Credit Fund (BCRED) for the first quarter, resulting in net outflows, according to a recent...

AWS Data Centers in UAE and Bahrain Hit by Drone Strikes Amid Middle East Conflict

Mar 03, 2026 02:05 am UTC| Business

Amazon Web Services (AWS), the cloud computing arm of Amazon, confirmed on Monday that its data center facilities in the United Arab Emirates (UAE) and Bahrain were affected by drone strikes linked to the ongoing Middle...

Rio Tinto Advances Gallium Extraction Project in Canada with Federal Funding Support

Mar 03, 2026 01:50 am UTC| Business

Rio Tinto (ASX: RIO) is moving forward with a major research and development initiative to extract primary gallium from its alumina refining operations in Quebec, marking a significant step toward strengthening North...

71 72 73 74 75 76 77 78 79 80

Economy

US Stock Futures Steady as Nvidia Earnings and Iran Tensions Keep Investors on Edge

U.S. stock futures traded mostly unchanged late Monday as investors remained cautious following a technology-driven pullback on Wall Street. Market sentiment stayed fragile as traders closely watched escalating tensions...

Oil Prices Drop as Trump Delays Iran Strike, Russia Sanctions Waiver Eases Supply Concerns

Oil prices declined during early Asian trading on Tuesday after U.S. President Donald Trump announced a delay in a planned military strike against Iran, signaling that diplomatic negotiations were still underway. The...

Gold Prices Climb as Trump Delays Iran Strike, Boosting Safe-Haven Demand

Gold prices edged higher during Asian trading on Tuesday after U.S. President Donald Trump announced that a planned military strike against Iran had been postponed while diplomatic negotiations continued. The development...

Australian Consumer Sentiment Improves Slightly as Fuel Prices Ease

Australias consumer sentiment showed a modest recovery in May as lower fuel prices offered temporary relief to households facing ongoing financial pressure. The Westpac-Melbourne Institute Consumer Sentiment Index...

Dollar Slips as Bond Market Stabilizes Amid Iran Tensions and Fed Rate Hike Expectations

The U.S. dollar weakened on Monday as the global bond market sell-off showed signs of slowing, while investors remained cautious over ongoing geopolitical tensions between the United States and Iran. The U.S. Dollar Index,...

Politics

TrumpRx Expands Discount Drug Access With 600 Generic Medications

U.S. President Donald Trump announced that TrumpRx.gov will now offer more than 600 generic prescription drugs, significantly expanding the administrations effort to lower medication costs for Americans. The...

Minnesota ICE Agent Charged in Venezuelan Immigrant Shooting During Trump Immigration Crackdown

Minnesota prosecutors have charged a U.S. Immigration and Customs Enforcement (ICE) agent in connection with the January shooting of a Venezuelan immigrant in Minneapolis during President Donald Trumps intensified...

Pentagon Watchdog Probes U.S. Caribbean Boat Strikes Amid Legality Concerns

The Pentagons internal watchdog has launched an investigation into whether U.S. military boat strikes in the Caribbean complied with official targeting procedures during operations tied to anti-crime and security missions,...

Alex Saab Faces U.S. Money Laundering Charges Over Venezuela Oil and Food Deals

Alex Saab, a Colombian-Venezuelan businessman closely linked to former Venezuelan President Nicolas Maduro, has been charged by the U.S. Department of Justice in a major money laundering case tied to Venezuelan government...

US Sanctions Target Cuban Officials and Intelligence Agency Amid Trump Pressure Campaign

The Trump administration has intensified its crackdown on Cuba by imposing new sanctions on 11 senior Cuban officials and the countrys main intelligence agency, escalating tensions between Washington and Havana. The latest...

Science

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

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...

Technology

Analog Devices Nears $1.5B Acquisition of AI Chip Firm Empower Semiconductor

U.S. semiconductor giant Analog Devices is reportedly in advanced discussions to acquire AI-focused chipmaker Empower Semiconductor in a deal valued at approximately $1.5 billion in cash, according to a Bloomberg News...

Google, Blackstone Launch $5B AI Cloud Venture to Challenge Nvidia and CoreWeave

Alphabets Google and Blackstone are reportedly joining forces to launch a new artificial intelligence cloud company powered by Googles proprietary AI chips, according to a Wall Street Journal report published Monday. The...

OpenAI Wins Elon Musk Lawsuit as Jury Rejects Claims Over AI Mission

A U.S. jury has ruled that OpenAI is not liable in a lawsuit brought by Elon Musk, marking a major legal victory for the artificial intelligence company. The verdict was delivered Monday in a federal court in Oakland,...

Samsung, Union Edge Closer to Deal as Strike Threat Looms

Samsung Electronics and its South Korean labor union are reportedly making progress in negotiations aimed at preventing what could become the largest strike in the companys history. According to a report from Yonhap...

Anthropic to Brief Financial Stability Board on AI-Driven Cyber Risks

Artificial intelligence startup Anthropic is preparing to discuss potential cyber vulnerabilities in the global financial system linked to its latest AI model, Mythos, with members of the Financial Stability Board (FSB),...