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Wed, Jul 01, 2026 09:47 AM All times are UTC

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Powell Meets Trump Amid Rate Pressure, Reaffirms Fed Independence

May 29, 2025 23:58 pm UTC| Politics Central Banks

Federal Reserve Chair Jerome Powell met with President Donald Trump on Thursday, according to a statement released by Powells office. The meeting, held at the Presidents invitation, occurred amid ongoing tensions regarding...

Fed's Tightrope Walk: Balancing Inflation and Recession Risks

May 29, 2025 04:34 am UTC| Central Banks

Citing the growing risk of greater inflation and increasing unemployment, the May 2025 FOMC minutes revealed the Federal Reserves worries about the U.S. economic outlook. Fed officials acknowledged the possibility of...

South Korea Cuts Interest Rates to 2.50% Amid Global Trade Uncertainty

May 29, 2025 01:48 am UTC| Economy Central Banks

The Bank of Korea (BOK) lowered its benchmark interest rate to 2.50% on Thursday, marking the fourth rate cut in its current monetary easing cycle. The decision, aligned with market expectations, comes as escalating global...

FOMC maintains rates amid heightened uncertainty over trade policy

May 28, 2025 22:36 pm UTC| Central Banks

The Federal Open Market Committee (FOMC) unanimously decided to maintain the policy rate at 4.25%4.5% at its May 67 meeting. The meeting was the first since President Trump announced retaliatory tariffs on April 2, and the...

RBNZ Cuts Rate: New Zealand's OCR Drops to 3.25%

May 28, 2025 04:35 am UTC| Central Banks Insights & Views

A widely expected move and the lowest rate since October 2022, the Reserve Bank of New Zealand (RBNZ) dropped the Official Cash Rate (OCR) by 25 basis points on May 28, 2025, to 3.25%. Not everyone agreed on the decision,...

RBNZ Cuts Interest Rate Amid Trade Tensions and Weak Growth Outlook

May 28, 2025 03:02 am UTC| Economy Central Banks

New Zealands central bank cut its official cash rate by 25 basis points to 3.25%, marking the sixth consecutive rate cut as global economic uncertainty and U.S. trade tensions weigh on domestic growth. The Reserve Bank of...

Fed’s Williams Urges Strong Action on Inflation Amid Tariff Uncertainty

May 28, 2025 02:56 am UTC| Economy Central Banks Insights & Views

New York Federal Reserve President John Williams emphasized the need for central banks to act decisively when inflation strays from target levels, warning that inaction could risk inflation becoming persistent or even...

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Economy

India Manufacturing PMI Slows in June as Demand Weakens Despite Lower Cost Pressures

Indias manufacturing sector continued to expand in June, but growth slowed to its second-weakest pace in four years as softer domestic and overseas demand weighed on production, hiring, and business confidence, according...

Greece’s Bad Loan Crisis Continues to Limit Credit Access Despite Economic Recovery

Greeces economy has staged a remarkable recovery from the sovereign debt crisis that erupted in 2009, posting growth that now exceeds the European Union average. However, a massive backlog of unresolved non-performing...

UK House Prices Hold Steady in June as Annual Growth Misses Forecasts

Britains housing market showed signs of stability in June, with UK house prices remaining unchanged from the previous month after falling 0.6% in May, according to the latest data released by Nationwide Building Society on...

Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data

Asian currencies mostly weakened on Wednesday as the U.S. dollar remained resilient, while the Japanese yen hovered near its weakest level in nearly four decades, keeping traders alert for potential intervention by...

Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data

Asian stock markets traded mixed on Wednesday, with South Korean equities leading regional losses as investors locked in profits after an exceptional second-quarter rally. Meanwhile, stronger manufacturing data from Japan...

Politics

Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source

U.S. President Donald Trump reported more than $1.4 billion in income from cryptocurrency-related ventures in his latest 2025 financial disclosure, highlighting how digital assets have become the largest contributor to his...

Democratic Socialist Melat Kiros Unseats Rep. Diana DeGette in Colorado Democratic Primary

Democratic socialist Melat Kiros secured a major upset in Colorados Democratic primary, defeating longtime U.S. Representative Diana DeGette in a closely watched race that signals the continued rise of progressive...

JD Vance Criticizes Vatican on Immigration, Defends Trump Border Policies

U.S. Vice President JD Vance said he disagrees with the Vaticans position on immigration, calling some of its recent comments troubling after Pope Leo repeatedly criticized President Donald Trumps immigration policies and...

U.S. Military Expands Venezuela Earthquake Relief Mission as Troop Presence Tops 900

The United States has significantly expanded its military presence in Venezuela to support humanitarian relief efforts following last weeks devastating earthquakes, with more than 900 U.S. personnel now operating inside...

Ukraine Preparing for Possible Russian Offensive From Bryansk, Military Chief Says

Ukraine is preparing for a possible new Russian offensive from the countrys northern border, although a direct assault on Kyiv is considered unlikely, according to Ukraines top military commander, Oleksandr Syrskyi....

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

Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls

Anthropic announced late Tuesday that the U.S. government has lifted export restrictions on its Claude Fable 5 and Mythos 5 artificial intelligence models, allowing the company to begin restoring user access starting...

South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine

South Koreas antitrust regulator has accused Alphabets Google of abusing its dominant position in the Android app marketplace, a move that could result in a significant financial penalty and new corrective measures if the...

Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox

Microsoft is reportedly preparing another round of job cuts as the technology giant continues to reduce costs while increasing investment in artificial intelligence, according to a Business Insider report published...

Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism

Chip-equipment stocks surged on Tuesday after reports that South Koreas semiconductor leaders, Samsung Electronics and SK Hynix, plan to invest up to $1.3 trillion in new semiconductor manufacturing projects, reinforcing...

Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts

Nvidia (NASDAQ: NVDA) shares rebounded on the final trading day of the quarter after bullish supply-chain research from independent semiconductor firm SemiAnalysis suggested the AI chipmakers data center business could...