
US Inflation Expected to Rise Again in April as Fed Signals Higher Interest Rates
May 12, 2026 05:25 am UTC| Economy
U.S. consumer prices likely increased at a steady pace for the second consecutive month in April, reinforcing concerns that inflation remains stubbornly high and strengthening expectations that the Federal Reserve will...

Asian Stocks Slip as Korea’s KOSPI Tumbles Amid Iran Conflict and Chip Sector Profit-Taking
May 12, 2026 04:56 am UTC| Economy
Asian stock markets traded mostly flat to lower on Tuesday as investor sentiment weakened amid escalating U.S.-Iran tensions and slowing momentum in technology shares. Concerns over global inflation, geopolitical risks,...

Trump Administration Seeks Court Pause to Reinstate 10% Global Tariffs
May 12, 2026 04:08 am UTC| Economy Politics Law
The Trump administration has asked a U.S. federal court to temporarily pause a recent ruling that challenged the legality of the administrations 10% global tariff policy while the government continues its appeal process....

Trump Says Iran Ceasefire Near Collapse as Oil Prices Surge
May 12, 2026 03:53 am UTC| Politics Economy
U.S. President Donald Trump said the ceasefire between the United States and Iran is on life support after Tehran rejected key parts of Washingtons proposal to end the ongoing conflict. The latest tensions have raised...

Oil Prices Rise as Dollar Gains Ahead of Key U.S. Inflation Data
May 12, 2026 03:00 am UTC| Economy
Oil prices edged higher on Tuesday while the U.S. dollar strengthened as hopes for a breakthrough in reopening the Strait of Hormuz faded, increasing concerns over global energy supply disruptions. Investors also turned...

US Stock Futures Hold Steady Ahead of CPI Data and Iran Conflict Concerns
May 12, 2026 02:56 am UTC| Economy
U.S. stock index futures traded mostly flat on Monday evening as investors remained cautious ahead of the latest U.S. consumer inflation report and ongoing tensions in the Middle East. Market sentiment was also influenced...

Trump-Iran Tensions Keep Oil Prices Elevated Amid Hormuz Supply Fears
May 12, 2026 02:54 am UTC| Economy
Oil prices held firm during Asian trading on Tuesday after surging nearly 3% in the previous session, as renewed tensions between the United States and Iran raised concerns about global crude supply disruptions. Investors...