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Sat, Dec 06, 2025 05:07 AM All times are UTC

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S&P 500 Ends Flat After Trump’s China Remarks, But Logs Strongest Monthly Gain Since 2023

May 31, 2025 05:20 am UTC| Economy

The SP 500 ended Friday nearly unchanged in a volatile session, closing at 5,911.69, down just 0.01%. Despite the days choppiness, the benchmark index rose 6.2% in Mayits strongest monthly gain since November 2023while the...

SEC Requests Flat Budget, Plans Nearly 10% Staff Cut Amid Restructuring

May 31, 2025 05:10 am UTC| Governance Politics Economy

The U.S. Securities and Exchange Commission (SEC) has requested a flat budget of $2.15 billion for fiscal year 2026, signaling a major shift toward a leaner workforce after significant internal downsizing. The budget...

China’s Factory Activity Shrinks Again in May, Fueling Stimulus Hopes

May 31, 2025 04:59 am UTC| Economy

Chinas manufacturing sector contracted for the second consecutive month in May, according to official data released Saturday, adding pressure on Beijing to roll out more economic stimulus amid ongoing trade tensions with...

Trump Backs U.S. Steel-Nippon Deal with Conditions, Tariffs Doubled

May 31, 2025 04:36 am UTC| Business Politics Economy

U.S. President Donald Trump voiced conditional support for Nippon Steels proposed $14.9 billion acquisition of U.S. Steel during a rally in Pennsylvania, but stopped short of officially approving the deal. Speaking near...

Trump Doubles U.S. Steel and Aluminum Tariffs to 50%, Igniting Global Trade Tensions

May 31, 2025 04:29 am UTC| Politics Governance Economy

U.S. President Donald Trump announced a sharp increase in tariffs on imported steel and aluminum, raising rates from 25% to 50% during a rally in Pennsylvania. The move, aimed at boosting the U.S. steel industry, comes...

US under Trump Series

Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs

May 30, 2025 12:09 pm UTC| Insights & Views Politics Economy

A US court has blocked the so-called Liberation Day tariffs that US President Donald Trump imposed on imported goods from around 90 nations. This puts implementation of Trumps current trade policy in disarray. The Court of...

Is Sudan’s war the reason for South Sudan’s economic crisis? What’s really going on with oil revenue

May 30, 2025 12:07 pm UTC| Insights & Views Economy Politics

The civil war in Sudan between the Sudanese army and paramilitary Rapid Support Forces, which began in April 2023, has had an impact on its neighbours. One of the most keenly affected countries is South Sudan, which became...

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Economy

Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth

Vietnam recorded a notable month-on-month decline in trade activity in November, according to new data from the National Statistics Office (NSO). Exports fell 7.1% from October, reaching $39.07 billion, while imports...

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

Fitch Ratings has reaffirmed Austrias Long-Term Foreign-Currency Issuer Default Rating at AA with a Stable Outlook, underscoring the countrys strong economic fundamentals despite rising fiscal pressures. According to the...

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...

Politics

CFPB to Review Anti-Discrimination Policies and Fair Lending Rules Amid Policy Shift

The U.S. Consumer Financial Protection Bureau (CFPB) is preparing to convene its Consumer Advisory Board next week to review major policy changes, including a controversial proposal to scale back long-standing...

Supreme Court to Review Legality of Trump’s Birthright Citizenship Restrictions

The U.S. Supreme Court has agreed to examine the legality of President Donald Trumps directive aimed at restricting birthright citizenship, a move that could redefine a long-standing interpretation of the 14th Amendment....

Australia Imposes Sanctions on Taliban Officials Over Human Rights Abuses

Australia has announced new financial sanctions and travel bans against four senior officials of Afghanistans Taliban government, citing the worsening human rights situation in the country, particularly the escalating...

U.S. Appeals Court Rules Trump Can Remove Members of Key Federal Labor Boards

A U.S. appeals court has ruled that President Donald Trump had the authority to dismiss Democratic members of two major federal labor boards, marking a significant win for efforts to expand presidential control over...

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...

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...