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

Become a contributor

Bookmark Econotimes

Commentary

Fri, Jan 02, 2026 06:06 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Canada’s corporate profits fall sequentially in Q1, likely to grow at modest pace in long term

May 25, 2017 16:41 pm UTC| Commentary

Canadas operating profits dropped in the first quarter of this year, as compared with the fourth quarter of last year, falling 7.4 percent sequentially. However, on a year-on-year basis, profits rose soundly by 19.1...

U.S. initial jobless claims stay at low levels in mid-May, labor market conditions continue to improve

May 25, 2017 16:07 pm UTC| Commentary

The U.S. initial jobless claims rose slightly in the week ended 20 May, coming in below consensus expectations. The jobless claims rose to 234k, as compared with consensus expectations of 238k. The four-week moving average...

Commodities snapshot (precious & industrial)

May 25, 2017 13:29 pm UTC| Commentary

The metal pack is mixed today. Performance this week at a glance in chart table - Gold: Gold is down today as risk aversion recedes. Todays range $1254-1247 We expect the gold price to reach $1390 per troy...

FxWirePro: U.S. Natural gas inventory preview

May 25, 2017 13:15 pm UTC| Commentary

The production of natural gas has declined over the course of 2016, but natural gas inventory had reached a record high of 4 trillion cubic feet in the same year, thanks to previous two weak winters, which depleted less...

Commodities snapshot (energy)

May 25, 2017 13:08 pm UTC| Commentary

Energy pack is mixed in todays trading. Weekly performance at a glance in chart table, Oil (WTI) WTI is down today despite a Reuters report based on unnamed that OPEC agreed to a nine-month extension to the...

Currency snapshot (commodity pairs)

May 25, 2017 12:58 pm UTC| Commentary

Dollar index trading at 97.22 (+0.12%) Strength meter (today so far) Aussie -0.41%, Kiwi -0.19%, Loonie -0.19% Strength meter (since last week) Aussie +0.15%, Kiwi +1.59%, Loonie +0.52% AUD/USD Trading at...

Currency snapshot (major pairs)

May 25, 2017 12:50 pm UTC| Commentary

Dollar index trading at 97.17 (+0.07%) Strength meter (today so far) Euro -0.23%, Franc -0.01%, Yen -0.28%, GBP -0.19% Strength meter (since last week) Euro -0.02%, Franc -0.05%, Yen -0.73%, GBP -0.60% EUR/USD...

2191 2192 2193 2194 2195 2196 2197 2198 2199 2200

Economy

Gold Prices Surge at Start of 2026 as Weak Dollar and Rate-Cut Bets Fuel Demand

Gold prices jumped sharply during Asian trading on Friday, marking a strong start to 2026 after a historic rally last year. Renewed demand for bullion was driven by a weaker U.S. dollar and growing expectations that U.S....

Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading

Most Asian currencies traded near flatline levels on Friday as the U.S. dollar edged lower in thin holiday trading at the start of the new year. Reduced market participation across the region kept trading volumes subdued,...

South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets

South Koreas won weakened on the first trading day of the year, slipping against the U.S. dollar despite renewed commitments from monetary and fiscal authorities to stabilize foreign exchange markets. The move highlights...

Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains

Asian stock markets opened the new year on a positive note on Friday, with technology and semiconductor stocks leading gains across the region, despite subdued trading volumes caused by holiday closures in major markets....

Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook

Oil prices edged slightly higher on Friday, marking a steadier start to 2026 after suffering their steepest annual decline since 2020. Investors are cautiously balancing renewed geopolitical tensions with expectations that...

Politics

Trump Warns U.S. Ready to Act if Iran Kills Protesters Amid Escalating Unrest

U.S. President Donald Trump on Friday issued a strong warning to Iran, saying the United States would intervene if Iranian authorities violently kill peaceful protesters during the countrys growing wave of unrest. In a...

Zohran Mamdani Sworn In as New York City Mayor, Pledges Bold Progressive Agenda

Democrat Zohran Mamdani was officially sworn in as New York Citys mayor on Thursday, marking the beginning of a new political era focused on affordability, social equity, and progressive reform in the nations largest city....

Xi Jinping to Host South Korean President Lee Jae Myung as China Seeks to Strengthen Seoul Ties

Chinese President Xi Jinping is set to host South Korean President Lee Jae Myung on a state visit beginning Sunday, highlighting Beijings strategic push to strengthen relations with Seoul amid heightened regional tensions...

Russia and Ukraine Trade Accusations Over New Year Attacks as Peace Talks Intensify

Russia and Ukraine accused each other of targeting civilians during New Year attacks, as the nearly four-year-old war continues amid renewed diplomatic efforts led by U.S. President Donald Trump. The latest exchange of...

Venezuela Frees More Detainees After 2024 Election Protests Amid Rising U.S. Pressure

Venezuelas government has released 88 additional people who were detained following protests that erupted after the countrys disputed July 2024 presidential election, marking the second large-scale release of detainees in...

Science

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

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...

Technology

Baidu Shares Surge as Company Plans Kunlunxin AI Chip Spin-Off and Hong Kong Listing

Baidu shares jumped sharply after the Chinese technology giant announced plans to spin off its artificial intelligence chip unit, Kunlunxin, and pursue a listing in Hong Kong. The move comes as domestic Chinese chipmakers...

Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety

SpaceXs Starlink is preparing a major reconfiguration of its satellite constellation in an effort to improve space safety and reduce the risk of orbital collisions. According to Michael Nicolls, SpaceXs vice president of...

Samsung Signals Comeback With HBM4 Chips as AI Market Heats Up

Samsung Electronics is signaling a strong comeback in the high-bandwidth memory (HBM) market, as customers praise the competitiveness of its next-generation HBM4 chips. In a New Year address, co-CEO and head of the...

Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026

Google (NASDAQ: GOOGL) is preparing for a major expansion of its AI infrastructure in 2026 as it moves its seventh-generation Tensor Processing Unit (TPU), known as Ironwood, into mass deployment. This next phase marks a...

Trump Administration Lifts Sanctions on Three Intellexa-Linked Executives

The administration of President Donald Trump has lifted U.S. sanctions on three executives previously linked to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury...