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Sun, May 24, 2026 04:34 PM All times are UTC

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US Stock Futures Slip as Iran Tensions and Hot Inflation Data Pressure Wall Street

May 13, 2026 02:24 am UTC| Economy

U.S. stock index futures edged lower Tuesday night as investors reacted to escalating geopolitical tensions involving Iran and stronger-than-expected inflation data that weighed heavily on Wall Street sentiment. Concerns...

Gold Prices Hold Steady as Investors Monitor U.S.-Iran Tensions and Trump-Xi Summit

May 13, 2026 02:21 am UTC| Economy

Gold prices remained mostly stable during Asian trading on Wednesday as investors stayed cautious amid ongoing geopolitical tensions and concerns over persistent U.S. inflation. Market participants closely watched...

Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge

May 13, 2026 02:19 am UTC| Economy

Oil prices eased slightly during Asian trading on Wednesday after posting strong gains for three consecutive sessions. Investors continued to monitor the ongoing disruption in the Strait of Hormuz while also assessing the...

Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations

May 13, 2026 02:18 am UTC| Economy

The U.S. dollar recorded its strongest performance in nearly two weeks after hotter-than-expected U.S. inflation data increased expectations that the Federal Reserve could maintain higher interest rates for longer. The...

Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions

May 12, 2026 05:40 am UTC| Economy

Asian currencies weakened further on Tuesday, led by the Indian rupee, which plunged to a record low as rising Middle East tensions pushed crude oil prices higher and strengthened demand for the U.S. dollar. Investors also...

US, Japan Reaffirm Strong Currency Coordination Amid Yen Volatility

May 12, 2026 05:38 am UTC| Politics Economy

U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Satsuki Katayama reaffirmed strong cooperation on foreign exchange policy during meetings in Tokyo, signaling continued coordination to address excessive...

Rubio Discusses Iran Crisis and Strait of Hormuz Disruptions With UK and Australia

May 12, 2026 05:34 am UTC| Politics Economy

U.S. Secretary of State Marco Rubio held separate discussions on Monday with Australian Foreign Minister Penny Wong and British Foreign Secretary Yvette Cooper regarding the escalating Iran conflict and the ongoing...

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Economy

ECB Signals Possible Rate Hike as Iran Conflict Fuels Inflation Concerns

The European Central Bank is increasingly considering an interest rate hike at its upcoming June meeting as rising energy prices linked to the Iran conflict continue to intensify inflation pressures across the eurozone,...

Rubio, Jaishankar Discuss Iran Crisis, Trade, and Energy Security During Key U.S.-India Talks

U.S. Secretary of State Marco Rubio and Indian Foreign Minister Subrahmanyam Jaishankar held high-level talks on Saturday, focusing on the Iran conflict, maritime security, trade relations, visa issues, and energy...

Mexico-EU Free Trade Deal Signals Strategic Shift Away From U.S. Dependence

Mexico and the European Union officially signed a long-delayed free trade agreement aimed at strengthening economic ties and reducing reliance on the United States amid ongoing tariff tensions linked to U.S. President...

World Bank Emergency Funding Demand Surges as 27 Countries Seek Crisis Support Amid Iran Conflict

Twenty-seven countries have moved to unlock emergency financing from existing World Bank programs following the economic shock caused by the ongoing Iran conflict, according to an internal document reviewed by Reuters. The...

Trump-China Summit Yields Limited Progress on Trade and Tech Cooperation

US President Donald Trumps May 1315 visit to China ended with both nations agreeing to strengthen communication and pursue a constructive strategic stability framework, signaling cautious progress in US-China relations....

Politics

Israeli Airstrike in Gaza Refugee Camp Kills Infant and Parents Amid Fragile Ceasefire

An Israeli airstrike on a residential apartment in the Nuseirat refugee camp in central Gaza killed three Palestinians on Sunday, including a six-month-old baby, according to local health officials. The victims were...

Trump’s White House Ballroom Project Draws Criticism Amid Rising Gas Prices

U.S. President Donald Trump is facing growing criticism after repeatedly promoting his White House ballroom construction project while Americans struggle with high gas prices and economic uncertainty. Speaking at the...

China Coal Mine Explosion Death Toll Revised to 82 in Shanxi

Chinese authorities have revised the death toll from the deadly coal mine gas explosion in northern Shanxi province to 82, down from the initially reported figure of more than 90. Despite the correction, the disaster...

Trump Says Iran Peace Deal Could Reopen Strait of Hormuz as Nuclear Talks Advance

U.S. President Donald Trump said a largely negotiated memorandum of understanding between the United States and Iran could soon reopen the Strait of Hormuz, a key global oil shipping route disrupted since the outbreak of...

Russia Launches Massive Missile and Drone Strike on Kyiv Amid Oreshnik Threat

Kyiv came under a large-scale Russian missile and drone attack early Sunday after Ukraines air force warned that Russia could launch a hypersonic Oreshnik ballistic missile. Powerful explosions shook Ukraines capital...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Meta AI Push Could Add $26 Billion in Revenue by 2027, Wolfe Research Says

Meta Platforms (NASDAQ: META) is projected to generate more than $26 billion in additional revenue by 2027 through artificial intelligence products, subscription services, and new advertising tools, according to a recent...

SpaceX Starship V3 Test Flight Boosts IPO Momentum Ahead of Historic Market Debut

SpaceX successfully completed a major test flight of its upgraded Starship V3 rocket, marking a significant achievement for Elon Musks aerospace company as it moves closer to a highly anticipated initial public offering....

PDG Explores $1 Billion Sale of China Data Center Assets

Princeton Digital Group (PDG), a major data center operator backed by private equity firm Warburg Pincus, has reportedly launched a sale process for its China-based assets that could be valued at as much as $1 billion,...

Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations

Lam Research is accelerating its investment in artificial intelligence and advanced sensing technology to improve semiconductor manufacturing efficiency while expanding its presence in Arizona and California. The...

Texas Sues Meta Over WhatsApp Encryption Claims

Texas Attorney General Ken Paxton has filed a lawsuit against Meta Platforms and its messaging service WhatsApp, accusing the companies of misleading consumers about WhatsApps encryption and privacy protections. The...