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Fri, Jul 17, 2026 04:26 AM All times are UTC

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Canada’s existing home sales fall in April, housing activity and sentiment to be weighed on

May 15, 2018 20:11 pm UTC| Commentary

Canadian existing home sales dropped in April for the fourth consecutive month. Sales dropped 2.9 percent. Around 60 percent of all local housing markets recorded lower sales than in the earlier month, with notable falls...

U.S. business inventories remains flat in March, likely to add to GDP growth in Q2

May 15, 2018 19:06 pm UTC| Commentary

U.S. business inventories remained the same in March after recording a decent rise in sales. Total sales rose 0.5 percent, led by a 0.7 percent grown at retailers. Manufacturers and wholesalers saw inventory grown...

U.S. retail sales rise in April, consumer spending likely to rebound in Q2

May 15, 2018 18:01 pm UTC| Commentary

U.S. retail sales rose in April, coming in line with expectations. The advance Census Bureau report showed that retail sales rose 0.3 percent in the month. The healthy gain came after a blowout upward revision to the March...

Commodities snapshot (precious & industrial)

May 15, 2018 16:19 pm UTC| Commentary

The metal pack is down today. The performance this week at a glance in chart table - Gold: Gold declining as risk aversion eased and dollar recovers. Todays range $1318-1326 Gold is currently trading at...

U.K. employment growth accelerates in March, wage growth likely to continue accelerating

May 15, 2018 16:16 pm UTC| Commentary

U.K.s labor market report released today gave some welcome news on the economy. In the three months to March, the economy added 197,000 jobs, accelerating from the 88,000 pace seen in the fourth quarter. Such a rebound...

Commodities snapshot (energy)

May 15, 2018 16:11 pm UTC| Commentary

Energy pack is mixed in todays trading. Weekly performance at a glance in chart table, Oil (WTI) Oil price remains elevated as President Trump moves the U.S. out of the Iran deal. However, struggling as the...

Currency snapshot (commodity pairs)

May 15, 2018 16:06 pm UTC| Commentary

Dollar index trading at 93.15 (+0.52%) Strength meter (today so far) Aussie -0.62%, Kiwi -0.57%, Loonie -0.57% Strength meter (since last week) Aussie -0.76%, Kiwi -1.19%, Loonie -0.68% AUD/USD Trading at...

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Economy

Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs

Brazil is preparing a series of retaliatory measures against the United States after the Trump administration imposed a 25% tariff on many Brazilian products, according to sources familiar with the discussions. Senior...

Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears

Oil prices edged higher during Asian trading on Friday and remained on course for their strongest weekly gain in months as escalating military tensions between the United States and Iran continued to raise concerns over...

US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets

U.S. stock index futures declined on Thursday evening as weakness in technology and semiconductor stocks continued, while disappointing guidance from Netflix and ongoing geopolitical tensions kept investors cautious ahead...

Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs

Gold prices stabilized on Friday but remained on track for their steepest weekly decline since early June, as rising tensions between the United States and Iran fueled higher oil prices and strengthened expectations that...

IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production

Chinas planned implementation of stricter rare earth export controls could place up to $6.5 trillion in downstream production outside the country at risk, according to the International Energy Agencys (IEA) latest Global...

Politics

US Military Completes Sixth Night of Iran Strikes as Conflict Escalates

The U.S. military said it completed a new wave of strikes on Iran late Thursday, marking the sixth consecutive night of operations ordered by President Donald Trump as tensions between Washington and Tehran continue to...

Nicaragua Cuts Diplomatic Ties With Italy Over Red Brigades Extradition Dispute

Nicaragua has officially severed diplomatic relations with Italy after a renewed dispute over the extradition of former Red Brigades militant Alessio Casimirri, intensifying a decades-long conflict tied to one of Italys...

North Korea Calls South Korea ‘Puppet’ After U.S.-Led RIMPAC Naval Exercise

North Korea sharply criticized South Korea on Friday, labeling Seoul a puppet after its participation in the U.S.-led Rim of the Pacific Exercise (RIMPAC), warning that Washington and Seoul would be responsible for any...

US Troop Pullback Raises NATO Security Concerns Amid Russia Tensions

The quiet withdrawal of hundreds of U.S. troops from Estonia has intensified concerns among NATO allies about Washingtons long-term military commitment to Europe as tensions with Russia remain high. Estonian Defence...

US-Iran Conflict Escalates as Hormuz Tensions Disrupt Global Oil Shipping

The United States and Iran intensified military attacks on Thursday, extending a week-long escalation that has largely undone last months truce and renewed concerns over regional stability, global energy supplies, and...

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

KAIST, Stanford Develop Self-Dressing Robot for Cleanrooms and Emergency Gear

Researchers from South Koreas Korea Advanced Institute of Science and Technology (KAIST) and Stanford University have developed an innovative self-dressing robotic technology that allows people to put on clothing without...

SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch

SpaceX (NASDAQ: SPCX) called off the 13th test flight of its Starship rocket just minutes before its scheduled liftoff from its Texas launch site on Thursday after an engine-related issue triggered an automatic abort. CEO...

Sam Altman Admits OpenAI Missteps, Promises Major AI Comeback Focused on User Freedom

OpenAI CEO Sam Altman has publicly acknowledged that the company fell short of expectations over the past year, taking personal responsibility for its performance while outlining an ambitious vision for the future. In a...

Moonshot Launches Kimi K3, China's Largest Open-Source AI Model

Chinese artificial intelligence startup Moonshot has introduced Kimi K3, a new open-source AI model the company describes as the worlds largest of its kind, highlighting Chinas accelerating competition with leading U.S. AI...

Xi Jinping Calls for People-Centered AI Development at WAIC, Expands Global Cooperation

Chinese President Xi Jinping called for a people-centered approach to artificial intelligence (AI) development during his keynote speech at the opening ceremony of the World Artificial Intelligence Conference (WAIC) in...