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Sun, Mar 29, 2026 06:56 PM All times are UTC

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Trump Fires Labor Official Amid Weak Jobs Report and Rising Data Concerns

Aug 02, 2025 03:36 am UTC| Politics Governance Economy Central Banks

President Donald Trump dismissed a top Labor Department official on Friday following a disappointing U.S. jobs report, accusing herwithout evidenceof manipulating employment figures. The move comes as concerns mount over...

IMF Eases Argentina Reserve Targets in $20B Program Ahead of 2026

Aug 02, 2025 03:27 am UTC| Economy

The International Monetary Fund (IMF) has adjusted Argentinas reserve accumulation targets in its $20 billion program, lowering requirements through 2026 while maintaining the 2027 goal. The revision, disclosed in an IMF...

Global Stocks Plunge as Weak U.S. Jobs Data Fuels Recession Fears and Rate Cut Bets

Aug 02, 2025 02:06 am UTC| Economy

Global markets tumbled Friday after weaker-than-expected U.S. jobs data heightened recession concerns and boosted expectations for a Federal Reserve rate cut in September. MSCIs global equities index fell 1.32% to 917.39,...

U.S. Jobs Data Revisions and Trump’s BLS Firing Spark Market Turmoil

Aug 02, 2025 02:04 am UTC| Economy

U.S. markets were rattled Friday as sharp downward revisions to prior jobs data and President Donald Trumps sudden firing of the Bureau of Labor Statistics (BLS) chief fueled fears over economic data reliability and...

S&P 500 Falls as Weak Jobs Report, Trump Tariffs Shake Markets

Aug 02, 2025 01:51 am UTC| Economy

U.S. stocks closed sharply lower Friday after a disappointing July jobs report fueled recession fears and renewed volatility in tech shares led by Amazon. The Dow Jones Industrial Average dropped 542 points (1.7%), the SP...

Gold Prices Steady as Strong Dollar Offsets Safe-Haven Demand Amid US Tariff Escalation

Aug 01, 2025 07:54 am UTC| Economy

Gold prices remained largely unchanged in Asian trade on Friday, poised for a third consecutive weekly decline as a stronger U.S. dollar outweighed safe-haven demand driven by escalating trade tensions. Spot gold edged up...

Cambodia Secures 19% U.S. Tariff, Safeguarding $10B Garment Exports

Aug 01, 2025 04:33 am UTC| Politics Economy

Cambodia has secured a 19% tariff rate on its exports to the United States, a move Deputy Prime Minister Sun Chanthol said was crucial to protecting the countrys garment and footwear industry from collapse. Speaking to...

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Economy

WTO Digital Trade Talks Stall as E-Commerce Tariff Deadline Looms

Trade ministers convening in Cameroon for the World Trade Organization ministerial summit are entering a critical final stretch with no agreement in sight on one of global commerces most consequential digital policy...

Australia's Energy Crisis: Free Public Transport as Fuel Shortages Bite

Victoria and Tasmania have rolled out emergency public transport fare waivers as surging fuel costs put pressure on Australian households. The relief measures come amid a month of escalating supply risks linked to Middle...

Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth

Large-cap U.S. corporations are sitting on record cash reserves while simultaneously pouring money back into their businesses at an unprecedented pace. According to Morgan Stanleys latest benchmark report on Q4 2025 data,...

U.S. Jobs Market Eyes March Recovery Amid Inflation Pressures

Economists are forecasting a modest rebound in U.S. employment for March, with nonfarm payrolls projected to climb by 60,000 a significant turnaround after a 92,000 decline in February, one of the steepest monthly drops...

EU and CPTPP Nations Push for Landmark Digital Trade Agreement

The European Union and member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have officially agreed to pursue a groundbreaking digital trade deal, marking a potentially...

Politics

Iran-U.S. Military Tensions Escalate: Markets, Universities, and the Strait of Hormuz at Risk

Geopolitical tensions in the Middle East have intensified dramatically as Irans Islamic Revolutionary Guard Corps (IRGC) issued a stark warning targeting U.S.-affiliated universities across neighboring countries. The IRGC...

Pakistan's Diplomatic Pivot: Brokering Peace Between the U.S. and Iran

Pakistan has undergone a remarkable foreign policy transformation, shifting from regional isolation to becoming one of the most consequential diplomatic players in the Middle East. Under the joint leadership of Prime...

Corey Lewandowski Exits DHS as Trump Administration Reshapes Homeland Security Leadership

The U.S. Department of Homeland Security has confirmed that Corey Lewandowski, a longtime Trump ally and former 2016 campaign manager, has officially departed from his unpaid advisory role at the agency. The exit marks...

Pentagon Eyes Weeks-Long Ground Operations in Iran, Reports Say

Senior U.S. military officials are reportedly drawing up plans for extended ground operations in Iran spanning several weeks, according to a Saturday report from The Washington Post. The report, which cited unnamed U.S....

Israeli Airstrikes Kill Six Palestinians in Gaza Despite Ongoing Ceasefire

Israeli airstrikes struck two Hamas-led police checkpoints in the Khan Younis area of southern Gaza, killing at least six Palestinians, including a young girl, according to local health officials. Three police officers and...

Science

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...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Technology

Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears

Major cybersecurity stocks took a sharp hit Friday following reports that Anthropic accidentally exposed details about its next-generation AI model before its official launch. CrowdStrike fell 7%, Palo Alto Networks...

Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers

Procurement records reveal that four Chinese universities, two of which have direct ties to the Peoples Liberation Army, acquired Super Micro Computer servers loaded with restricted Nvidia AI chips over the past year. The...

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...