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Sat, Dec 06, 2025 02:19 AM All times are UTC

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Dollar Gains on Safe-Haven Demand Amid Middle East Tensions and Fed Caution

Jun 19, 2025 05:51 am UTC| Economy

The U.S. dollar strengthened on Thursday, driven by safe-haven demand as fears of an escalating Middle East conflict intensified. Reports that Washington is preparing for a potential strike on Iran pushed investors toward...

Asia Stocks Slip, Gold Gains as Trump Weighs U.S. Strike on Iran

Jun 19, 2025 02:26 am UTC| Economy

Asian stock markets slipped Thursday as investors sought safe-haven assets amid rising geopolitical tensions. Concerns over possible U.S. involvement in the escalating Israel-Iran air war drove demand for gold and the...

Macquarie Now Expects Fed Rate Cut in December Amid Shift Toward Inflation Tolerance

Jun 19, 2025 02:15 am UTC| Economy Business Central Banks

Macquarie has reversed its no-rate-cut stance for 2025, now predicting a 25-basis-point cut by December after the Federal Reserve maintained its projection for two rate cuts despite raising its inflation forecast. The...

U.S. Adds 379,000 New Millionaires as Global Wealth Surges in 2024

Jun 19, 2025 02:12 am UTC| Economy

Wealth surged globally in 2024, with the United States seeing the largest jump in millionaires, according to the 2025 Global Wealth Report by UBS. Over 379,000 individuals became new U.S. dollar millionairesmore than 1,000...

Australia Job Market Weakens in May, Supporting Potential RBA Rate Cuts

Jun 19, 2025 02:03 am UTC| Economy

Australias labor market unexpectedly contracted in May, raising expectations for potential interest rate cuts by the Reserve Bank of Australia (RBA). Data from the Australian Bureau of Statistics released Thursday showed...

Oil Prices Dip as Market Eyes Trump’s Stance on Israel-Iran Conflict

Jun 19, 2025 01:51 am UTC| Economy

Oil prices fell slightly on Thursday as investors remained cautious amid uncertainty over U.S. involvement in the escalating Israel-Iran conflict. Brent crude futures declined 37 cents (0.48%) to $76.33 a barrel by 0110...

New Zealand GDP Beats Forecasts, Slows Rate Cut Expectations

Jun 19, 2025 01:13 am UTC| Economy

New Zealands economy expanded more than expected in Q1 2025, strengthening recovery hopes after last years recession and giving the Reserve Bank of New Zealand (RBNZ) more leeway before making further interest rate cuts....

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Economy

Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut

The upcoming Federal Reserve meeting is shaping up to be one of the most closely watched and contentious in years, with investors focused on how divided policymakers are over a potential interest-rate cut and the signals...

U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut

U.S. stocks ended higher on Friday as a softer inflation reading strengthened expectations that the Federal Reserve could move forward with an interest-rate cut next week. The SP 500 climbed 0.2%, the Dow Jones Industrial...

U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut

U.S. stocks closed the week with modest gains on Friday, as investors weighed a wave of delayed economic data and maintained strong expectations for a Federal Reserve interest rate cut at next weeks policy meeting. Despite...

Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions

U.S. President Donald Trump met with Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney in Washington on Friday, holding private talks focused on trade, immigration, and regional cooperation. The...

Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data

Gold prices moved higher in Asian trading on Friday, supported by a weakening U.S. dollar and strong expectations that the Federal Reserve will cut interest rates at its upcoming December 910 meeting. Spot gold rose 0.5%...

Politics

Trump Backs Review of U.S. Childhood Vaccine Schedule After Hepatitis B Policy Change

President Donald Trump on Friday expressed support for a major shift in U.S. vaccine policy after government advisers voted to eliminate the long-standing recommendation that all newborns receive the hepatitis B vaccine at...

Cuba Quietly Signals Openness to Post-Maduro Venezuela as U.S. Pressure Intensifies

U.S. pressure on Venezuela has triggered discreet outreach from figures inside the Cuban government, according to two sources familiar with the sensitive communications. The individuals, who requested anonymity, said that...

Escalating Conflict in Eastern Congo Despite U.S.-Brokered Peace Efforts

Fighting intensified across eastern Democratic Republic of Congo on Friday, just a day after U.S. President Donald Trump met with Congolese President Felix Tshisekedi and Rwandan President Paul Kagame in Washington. The...

Honduras Awaits Final Election Results as Asfura Holds Slim Lead Amid U.S. Attention

Honduras presidential race tightened further on Friday as conservative candidate Nasry Asfura maintained a razor-thin lead while vote counting stretched into a sixth day. With 87.84% of ballots counted, the National Party...

Trump’s New U.S. Strategy Seeks to Deter China and Protect Taiwan

President Donald Trumps administration has outlined a strengthened U.S. strategy aimed at preventing conflict with China over Taiwan and the South China Sea by expanding American and allied military power. The latest...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...