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Sat, Jul 11, 2026 08:26 PM All times are UTC

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U.S. motor vehicle sales likely to have risen in April, consumption to rebound in Q2 – Barclays

May 02, 2017 16:05 pm UTC| Commentary

The U.S. motor vehicle sales for April is expected to have come in at 16.9 million at an annual rate after the April sales of Ford, GM, Fiat Chrysler, Nissan and Toyota, noted Barclays in a research report. This is not a...

China's factory sector loses momentum in April, Caixin manufacturing PMI hits 7-month low of 50.3

May 02, 2017 13:51 pm UTC| Commentary

Data released earlier on Tuesday showed that the China Caixin/Markit Manufacturing Purchasing Managers index (PMI) fell to 50.3 in April, missing economists forecasts of 51.0. Aprils data was a significant decline from a...

UK manufacturing growth beats forecasts, hits 3-year high in April

May 02, 2017 13:42 pm UTC| Commentary

British manufacturing PMI rose sharply in April aided by weaker pound. Data released earlier today showed Markit/CIPS UK Manufacturing Purchasing Managers Index (PMI) rose to 57.3 from 54.2 in March, beating forecasts...

US VIX declines to decade low as stock grinds to record high

May 02, 2017 13:09 pm UTC| Commentary

Chicago Board of Options Exchanges implied volatility index, popularly known as simply VIX index has touched the lowest point since February 2007 as the US stock indices grind higher. Over the past six trading days, the...

Commodities snapshot (precious & industrial)

May 02, 2017 12:34 pm UTC| Commentary

The metal pack is down today. Performance this week at a glance in chart table - Gold: Gold continuing its slide due to lack of demand over risk-on sentiment. Todays range $1252-1259 We expect the gold price to...

Commodities snapshot (energy)

May 02, 2017 12:27 pm UTC| Commentary

Energy pack is mixed in todays trading. Weekly performance at a glance in chart table, Oil (WTI) WTI is struggling to gain grounds; there could be sell breakout ahead. We expect the WTI to reach $43 per barrel....

Currency snapshot (commodity pairs)

May 02, 2017 12:11 pm UTC| Commentary

Dollar index trading at 99.08 (-0.05%) Strength meter (today so far) Aussie -0.21%, Kiwi -0.13%, Loonie -0.05% Strength meter (since last week) Aussie +0.41%, Kiwi +0.73%, Loonie -0.23% AUD/USD Trading at...

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Economy

Gordie Howe Bridge to Open July 27 After U.S.-Canada Reach Toll Revenue Agreement

The long-awaited Gordie Howe International Bridge connecting Detroit, Michigan, and Windsor, Ontario, is set to officially open on July 27 after the United States and Canada reached a new agreement over toll revenue,...

Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations

The Federal Reserve reaffirmed its commitment to restoring price stability, saying it is prepared to act forcefully if necessary to keep longer-term inflation expectations anchored around its 2% target. The pledge came in...

Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans

The U.S. dollar traded within a narrow range on Friday and was on track for a modest weekly gain as investors weighed evolving inflation expectations, Federal Reserve policy signals, and renewed geopolitical tensions in...

Wall Street Rises as SK Hynix’s Record Nasdaq Debut Steals Spotlight Ahead of U.S. CPI Data

Wall Street ended higher on Friday, led by the blockbuster Nasdaq debut of South Korean memory chip giant SK Hynix, while investors largely shrugged off renewed U.S.-Iran tensions and shifted their attention to next weeks...

Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh

Gold prices declined on Friday and were headed for a weekly loss as escalating tensions between the United States and Iran, along with higher oil prices, fueled concerns that inflation could remain elevated and keep the...

Politics

Lindsey Graham Urges China to Pressure Russia Into Ukraine Peace Talks

U.S. Senator Lindsey Graham said China could play the most influential role in pushing Russia toward peace negotiations, arguing that Beijings leverage over Moscow may be key to ending the war in Ukraine. Speaking in Kyiv...

Trump Election Commission Firings Follow White House Push for Voting System Changes

The White House spent months exploring ways to bypass the U.S. Election Assistance Commission (EAC) and use emergency powers to accelerate changes to voting systems before President Donald Trump dismissed the agencys...

Trump Administration Doubts Iran Nuclear Deal as Strait of Hormuz Tensions Persist

The Trump administration is growing increasingly skeptical about the prospects of reaching a long-term nuclear agreement with Iran, as U.S. officials push Tehran to prove it is honoring a temporary peace arrangement before...

ASEAN to Hold Landmark Myanmar Talks as Bloc Seeks Progress on Civil War

The Association of Southeast Asian Nations (ASEAN) will hold an informal meeting with Myanmars foreign minister on Sunday to discuss the countrys ongoing civil war and its future engagement with the regional bloc, marking...

NATO Leaders Receive Engraved Turkish Revolvers as Unusual Summit Gifts

Turkish President Recep Tayyip Erdogan surprised NATO leaders with an unusual diplomatic gift after the alliances summit in Ankara, presenting each visiting leader with an engraved vintage Turkish revolver complete with...

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

Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft

Apple has filed a lawsuit against OpenAI and two former Apple employees, accusing them of misappropriating confidential company information and trade secrets tied to its hardware development efforts. The lawsuit, filed...

SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO

SK Hynix made a strong debut on the Nasdaq on Friday, with its American Depositary Receipt (ADR) shares closing 12.8% higher at $168.01 after completing a record-breaking $26.5 billion U.S. initial public offering (IPO),...

Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI

Elon Musk has publicly praised artificial intelligence startup Anthropic, saying the company is obviously the current leader in AI, in a rare acknowledgment of a key rival as competition among top AI developers...

OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO

OpenAIs head of products and business, Fidji Simo, announced on Thursday that she will step down from her leadership role and transition to a part-time advisory position after experiencing complications from a chronic...

Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership

Samsung Electronics Chairman Lee Jae-yong is expected to meet Nvidia CEO Jensen Huang in the United States by the end of July as the two technology giants explore deeper cooperation in semiconductor manufacturing and...