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Mon, May 25, 2026 06:03 AM All times are UTC

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Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit

May 13, 2026 05:15 am UTC| Economy

Asian stock markets traded in a narrow range on Wednesday as investors remained cautious over the ongoing Iran conflict and its potential impact on global inflation. Market sentiment also stayed focused on the upcoming...

Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks

May 13, 2026 05:14 am UTC| Politics Economy

Australian Prime Minister Anthony Albanese has triggered a major political and economic debate after announcing plans to scale back tax breaks for property investors, a move welcomed by many aspiring homebuyers but...

New Zealand Budget 2026 Focuses on Fiscal Discipline and Infrastructure Investment

May 13, 2026 03:06 am UTC| Economy Politics

New Zealand Prime Minister Christopher Luxon announced that the government will maintain strict control over day-to-day spending in Budget 2026 while significantly increasing capital investment to strengthen the countrys...

OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027

May 13, 2026 03:05 am UTC| Central Banks Economy

The Organization for Economic Co-operation and Development (OECD) expects the Bank of Japan (BOJ) to continue raising interest rates steadily, projecting the countrys short-term policy rate will climb to 2% by the end of...

US-China Trade Talks Begin in South Korea Ahead of Trump-Xi Beijing Summit

May 13, 2026 03:00 am UTC| Politics Economy

U.S. Treasury Secretary Scott Bessent arrived in South Korea on Wednesday for high-level trade discussions with Chinese Vice Premier He Lifeng ahead of the much-anticipated summit between U.S. President Donald Trump and...

S&P Global Revises Mexico Credit Outlook to Negative Amid Rising Debt Concerns

May 13, 2026 02:46 am UTC| Economy

SP Global Ratings revised Mexicos sovereign credit outlook to negative from stable while affirming the countrys BBB foreign currency and BBB+ local currency long-term credit ratings. The agency also maintained Mexicos A-2...

Trump and Xi Temple of Heaven Visit Highlights Trade and Diplomacy Goals

May 13, 2026 02:28 am UTC| Politics Economy

U.S. President Donald Trump and Chinese President Xi Jinping are set to meet at Beijings historic Temple of Heaven, a symbolic location tied to Chinas imperial past and agricultural prosperity. The visit, scheduled during...

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Economy

AI-Driven Memory Chip Prices May Be Skewing U.S. Inflation Data, Fed Minutes Suggest

Minutes from the Federal Reserves April meeting revealed that several policymakers observed rising software-related prices contributing to higher core inflation. However, officials also indicated that these increases may...

Wall Street Faces Inflation Pressure as Strong Earnings Season Nears End

U.S. stocks may encounter increased volatility in the final stretch of a strong corporate earnings season as investors shift attention toward rising inflation, higher Treasury yields, and growing geopolitical tensions....

Wall Street Futures Rally as Oil Prices Drop Amid Optimism Over U.S.-Iran Talks

U.S. stock futures surged Sunday night after easing tensions in the Middle East sparked a sharp decline in oil prices and boosted investor confidence. Market optimism grew following signs of progress in negotiations...

Global Bond Selloff Pressures Stocks as Rising Oil Prices Fuel Inflation Fears

The global bond market has faced intense pressure over the past two weeks as investors reacted to soaring oil prices and growing inflation concerns tied to escalating Middle East tensions. The ongoing disruption around the...

Gold Prices Surge as U.S.-Iran Peace Deal Hopes Boost Market Sentiment

Gold prices climbed sharply during early Asian trading on Monday as renewed optimism surrounding a possible U.S.-Iran peace agreement lifted investor confidence across global markets. The rally in bullion came alongside a...

Politics

Turkey Opposition Crisis Deepens as Police Storm CHP Headquarters

Turkeys political tensions escalated sharply after riot police forced their way into the headquarters of the main opposition Republican Peoples Party (CHP) in Ankara, intensifying concerns over the future of Turkish...

Russia Launches Massive Missile and Drone Assault on Kyiv, Killing Civilians and Damaging Historic Sites

Russia carried out one of its largest attacks on Kyiv and nearby regions since the war began, launching hundreds of drones and missiles, including the nuclear-capable Oreshnik hypersonic missile. The overnight assault...

Trump Says Iran Peace Deal Talks Ongoing as U.S. Blockade Remains in Place

U.S. President Donald Trump said on Sunday that Washington is in no rush to finalize a peace agreement with Iran, stressing that the current naval blockade against the country will remain active until a formal deal is...

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

U.S. President Donald Trump is facing growing criticism after repeatedly promoting the construction of a new White House ballroom while many Americans struggle with high gas prices and economic uncertainty. During a visit...

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...

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...