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Thu, May 28, 2026 12:07 PM All times are UTC

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New Zealand Budget 2026: Government Plans Major Public Service Job Cuts Ahead of Election

May 19, 2026 02:09 am UTC| Economy Politics

New Zealands government is preparing deep public sector spending cuts as it aims to strengthen its economic reputation before the countrys closely contested November 2026 election. Finance Minister Nicola Willis announced...

Asian Markets Waver as Trump Delays Iran Strike, Oil Prices Retreat

May 19, 2026 02:01 am UTC| Economy

Asian stock markets traded cautiously on Tuesday as investors reacted to U.S. President Donald Trumps decision to postpone a planned military strike on Iran, easing fears of an immediate escalation in the Middle East...

Japan Economy Beats Q1 Forecasts Despite Iran War Energy Shock

May 19, 2026 01:59 am UTC| Economy

Japans economy expanded faster than expected in the first quarter of 2026, driven by resilient exports and steady consumer spending, even as rising oil prices and the escalating Middle East crisis threaten future growth....

Bessent Urges G7 to Strengthen Iran Sanctions Amid U.S.-China Talks

May 18, 2026 07:10 am UTC| Politics Economy

U.S. Treasury Secretary Scott Bessent announced on Monday that he plans to encourage G7 finance ministers to strengthen and maintain a coordinated sanctions regime aimed at cutting off funding tied to Irans military...

ECB’s Nagel Says Central Banks Can Do More to Support Markets Amid Inflation Concerns

May 18, 2026 07:08 am UTC| Economy Insights & Views

Joachim Nagel, head of Germanys central bank, said on Monday that global central banks still have significant tools available to stabilize financial markets and restore investor confidence. Speaking ahead of a Group of...

Dollar Holds Strong as Iran Conflict and China Slowdown Shake Global Markets

May 18, 2026 07:05 am UTC| Economy

The U.S. dollar eased slightly on Monday after posting strong gains last week, as investors continued to react to rising geopolitical tensions in the Middle East and concerns over inflation. Despite the minor decline, the...

Global Companies Face $25 Billion Blow From U.S.-Israel Iran Conflict

May 18, 2026 07:01 am UTC| Economy

The ongoing U.S.-Israeli conflict with Iran has already inflicted more than $25 billion in losses on companies worldwide, with costs expected to rise further as energy prices surge and supply chains remain disrupted. A...

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Economy

Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution

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

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

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

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

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...

Politics

DOJ Opens Criminal Investigation Into E. Jean Carroll Over Alleged Perjury

The U.S. Department of Justice has launched a criminal investigation into writer E. Jean Carroll, who accused U.S. President Donald Trump of sexually assaulting her in the mid-1990s, according to a source familiar with the...

Baltic Drone Incidents Raise NATO Security Concerns

Recent Ukrainian drone incursions into Baltic airspace have increased regional tensions and raised new concerns about NATO security near Russias borders. The incidents come as Ukraine intensifies long-range drone attacks...

U.S.-China Taiwan Conflict Could Trigger Nuclear Escalation, IISS Warns

A potential military conflict between the United States and China over Taiwan could escalate into a nuclear confrontation, according to a new report released by the International Institute for Strategic Studies (IISS). The...

Hamas Commander Mohammad Odeh Killed in Gaza as Israel Intensifies Campaign

Israels military campaign in Gaza escalated further after Hamas armed wing chief Mohammad Odeh was killed in an Israeli airstrike in Gaza City. The targeted strike came just days after the death of senior Hamas commander...

U.S. Reinstates Sanctions on U.N. Expert Francesca Albanese Amid Legal Battle

The United States has officially restored sanctions against Francesca Albanese, the United Nations special rapporteur on the Palestinian territories, according to an updated notice published by the U.S. Treasury Department...

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

Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand

Marvell Technology Inc. (NASDAQ: MRVL) posted stronger-than-expected first-quarter fiscal 2027 results, driven by booming demand for AI infrastructure and data center solutions. The semiconductor company reported record...

Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership

Snowflake Inc. (NYSE: SNOW) delivered a strong first-quarter performance that surpassed Wall Street expectations, sending the companys stock soaring nearly 30% in after-hours trading. The cloud-based AI Data Cloud company...

Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook

Salesforce (NYSE: CRM) reported stronger-than-expected first-quarter fiscal 2027 earnings on Wednesday, driven by solid demand for its AI-powered enterprise solutions and continued growth in its cloud-based CRM business....

HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure

HP Inc. (NYSE: HPQ) reported stronger-than-expected fiscal second-quarter 2026 results, surpassing Wall Street estimates on both earnings and revenue. However, HP stock slipped slightly in after-hours trading as investors...

Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand

Synopsys (NASDAQ: SNPS) reported stronger-than-expected second-quarter fiscal 2026 earnings on Wednesday, fueled by rising demand for semiconductor design software and AI-powered engineering solutions. The electronic...