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Sun, Jun 28, 2026 10:48 AM All times are UTC

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Canada Considers Aid for Aluminum Producers Amid U.S. Tariff Tensions

Jul 06, 2025 04:09 am UTC| Economy

Canada is exploring financial assistance for major aluminum producers like Rio Tinto (NYSE:RIO) as the U.S. maintains steep tariffs on aluminum imports, according to Jean Simard, CEO of the Aluminium Association of Canada....

OPEC+ to Boost Oil Output by 548,000 Barrels Per Day in August Amid Market Shifts

Jul 05, 2025 14:02 pm UTC| Economy

OPEC+ announced a significant oil production hike of 548,000 barrels per day (bpd) for August, accelerating its output increase strategy amid volatile global energy markets. The decision follows recent geopolitical...

Dollar Outlook Hinges on Fed Rate Cuts and Summer Inflation Data

Jul 05, 2025 13:52 pm UTC| Economy

The U.S. dollars trajectory in the coming months will largely depend on whether summer data confirms persistent inflation from tariffs or shows a one-time impact that allows the Federal Reserve to resume rate cuts....

Japan, U.S. Hold Talks Ahead of 24% Tariff Deadline

Jul 05, 2025 13:50 pm UTC| Politics Economy

Japans top trade negotiator Ryosei Akazawa held in-depth phone discussions with U.S. Commerce Secretary Howard Lutnick on Thursday and Saturday, as both nations seek resolution before a 24% reciprocal tariff on Japanese...

Key Market Events to Watch on July 7: CFTC Data, Fed Balance Sheet in Focus

Jul 05, 2025 00:47 am UTC| Economy

As traders brace for another pivotal session on Monday, July 7, 2025, several critical U.S. economic updates could influence market direction. Investors will closely monitor the Commodity Futures Trading Commissions (CFTC)...

Global Coffee Shortage Likely to Persist Despite Brazil’s Large Harvest

Jul 05, 2025 00:36 am UTC| Economy Business

Global coffee stocks may take years to recover, industry experts warned at the Coffee Dinner Summit in Brazil, citing ongoing supply-demand imbalances and unpredictable climate patterns. Despite a promising harvest...

Trump Signs Historic Tax and Spending Bill Amid Independence Day Celebration

Jul 05, 2025 00:31 am UTC| Politics Governance Economy

U.S. President Donald Trump signed a sweeping tax and spending bill into law on the Fourth of July, marking a major legislative victory during his second term. Framed as a patriotic celebration, the White House South Lawn...

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Economy

World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures

The World Bank has approved $1.1 billion in emergency financing for Bangladesh to help the country cope with the economic impact of rising food, fuel, and fertilizer prices driven by the ongoing conflict in the Middle...

Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms

U.S. President Donald Trump announced on Friday that the United States will impose a 100% tariff on imports from any country that enforces digital services taxes (DSTs) on American technology companies, significantly...

US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated

The U.S. dollar edged lower on Friday, extending its decline for a second consecutive session after a six-day winning streak pushed the greenback to its strongest level since May 2025. Despite the modest pullback, the...

Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen

Gold prices rebounded more than 1% on Friday but still finished the week in negative territory, as renewed expectations of Federal Reserve interest rate hikes and a stronger U.S. dollar continued to pressure the precious...

Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts

Wall Street closed slightly lower on Friday, capping a difficult week for U.S. equities as technology stocks led the decline. With geopolitical tensions easing following diplomatic progress in the Middle East and oil...

Politics

Ukraine Strikes Russian Titan-Barrikady Plant With Long-Range FP-5 Flamingo Missile

Ukraine said it carried out a long-range missile strike on a major Russian military production facility in the Volgograd region overnight, marking another escalation in Kyivs campaign to target defense infrastructure deep...

Javier Milei Cabinet Chief Manuel Adorni Resigns Amid Spending Scandal Investigation

Argentine President Javier Milei has suffered a political setback after Cabinet Chief Manuel Adorni resigned following mounting scrutiny over his finances and personal spending, triggering fresh pressure on the government...

Australia Plans Higher Fines for Social Media Firms Failing to Block Underage Users

Australia is moving to strengthen its landmark online safety law by proposing significantly tougher penalties for social media companies that fail to prevent children under 16 from accessing their platforms. The planned...

US Strikes Iran Again After Strait of Hormuz Tanker Attack Escalates Ceasefire Tensions

The United States launched fresh military strikes against Iran after a Panama-flagged oil tanker was attacked in the Strait of Hormuz, marking the most serious escalation since Washington and Tehran signed an interim peace...

Maria Corina Machado’s Return to Venezuela Faces U.S. Hesitation After Deadly Earthquakes

Venezuelan opposition leader Maria Corina Machados renewed appeal for U.S. assistance to return to Venezuela following the countrys devastating earthquakes has reportedly caused frustration among senior officials in...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

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...

Technology

Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike

Italys antitrust authority has launched an investigation into Microsoft over allegations of unfair commercial practices tied to the pricing changes for its Microsoft 365 subscription service. The probe focuses on whether...

US Seizes Nearly 400 Illegal World Cup Streaming Domains in Global Anti-Piracy Crackdown

U.S. authorities have seized nearly 400 internet domains that were allegedly used to illegally stream FIFA World Cup matches, marking one of the largest anti-piracy enforcement actions tied to the global soccer tournament....

SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service

SpaceX and Charter Communications are reportedly in executive-level discussions about forming a strategic partnership that could accelerate the expansion of consumer mobile services across the United States. According to a...

OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...