
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment
May 29, 2026 00:58 am UTC| Economy
U.S. stock futures traded mostly unchanged on Thursday evening after the SP 500 and Nasdaq closed at fresh record highs for the second consecutive session. Investor confidence improved following reports that the United...

Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution
May 28, 2026 03:17 am UTC| Economy
Asian stock markets declined on Thursday as renewed U.S. military strikes on Iran weakened investor confidence and raised concerns over escalating geopolitical tensions in the Middle East. The latest attacks reduced hopes...

U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil
May 28, 2026 03:13 am UTC| Politics Economy Governance
The United States has imposed new sanctions on the Persian Gulf Strait Authority, the organization established by Iran to oversee transit requests through the Strait of Hormuz, according to a statement released by the U.S....

ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated
May 28, 2026 03:07 am UTC| Economy
European Central Bank Chief Economist Philip Lane warned that the ongoing Middle East conflict could create long-lasting inflationary pressure, even if the war is resolved quickly. Speaking at a conference hosted by the...

Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026
May 28, 2026 01:25 am UTC| Economy Business Technology Insights & Views
Large mutual funds and passive index funds are increasing cash reserves and preparing to reduce exposure to existing large-cap stocks ahead of several expected blockbuster IPOs in 2026, including SpaceX, OpenAI, and...

South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns
May 28, 2026 01:23 am UTC| Central Banks Economy
The Bank of Korea (BOK) kept its benchmark interest rate unchanged at 2.5% on Thursday, matching market expectations as policymakers remain cautious about rising inflation risks and global economic uncertainty linked to...

Canada and Germany Advance Major LNG Supply Partnership
May 28, 2026 00:59 am UTC| Politics Economy
Canada and Germanys state-owned energy company SEFE have announced a new liquefied natural gas (LNG) agreement, marking a significant step in strengthening Europes energy security and expanding Canadas global energy...