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Tue, Jun 30, 2026 01:10 AM All times are UTC

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Global Stocks Hit Record Highs as Oil Slips Amid Saudi Plans

Sep 27, 2024 10:58 am UTC| Economy

Global stock markets surged to new highs on Thursday, propelled by chipmaker Micron Technologys upbeat forecast. The SP 500 and Europes STOXX 600 closed at all-time highs, while the MSCI global index set an intraday...

Fitch Warns Brazil's Economy Outpaces Fiscal Improvements

Sep 27, 2024 09:55 am UTC| Economy

Despite Brazils strong economic performance, Fitch Ratings cautioned on Thursday that it has not translated into improved public finances. The agency anticipates challenges in 2025 and forecasts a steeper rise in the...

Asian Markets Rally Amid China’s Stimulus Push

Sep 27, 2024 09:30 am UTC| Economy

Chinese President Xi Jinpings stimulus measures have sparked a rally across Asian markets. This week, China introduced a series of monetary, liquidity, and fiscal policies, fueling investor hopes for an economic turnaround...

Fed's Cook Backs Rate Cut, Cites Employment Risks

Sep 27, 2024 08:55 am UTC| Economy

Federal Reserve Governor Lisa Cook endorsed the recent 50 basis-point interest-rate cut, emphasizing the need to address downside risks to employment. I wholeheartedly supported the decision, Cook said in remarks at The...

S&P 500 Hits Closing Record as Chip Stocks and Economic Data Lift Markets

Sep 27, 2024 08:42 am UTC| Economy

The SP 500 closed at a new high on Thursday as backed up by an article from the site Investing.com, boosted by a rally in semiconductor stocks led by Micron Technology. The chipmakers shares surged nearly 15% after issuing...

Costco Reports Mixed Q4 Results; Earnings Beat Expectations, Revenue Falls Short

Sep 27, 2024 08:13 am UTC| Economy

As described by Investors Business Daily, Costco Wholesale Corp. (NASDAQ: COST) announced mixed financial results for its fiscal fourth quarter on Thursday, with earnings surpassing analyst expectations while revenue...

NYC Mayor Eric Adams Charged With Corruption Tied to Turkish Nationals

Sep 27, 2024 07:33 am UTC| Economy

Federal prosecutors have filed an indictment alleging that Adams accepted illegal contributions and gifts from Turkish nationals in exchange for political influence, according to an article from The New York Post. Governor...

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Economy

Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum

Argentinas economy unexpectedly contracted in April, highlighting the uneven nature of the countrys recovery under President Javier Milei despite improving long-term growth prospects. Official government data released...

Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution

Global financial firms are increasingly directing their Asia-Pacific expansion plans toward South Korea while taking a more cautious approach to China and India, according to a new survey by the Asia Securities Industry ...

Trump Questions Housing Bill as He Prioritizes SAVE America Act

U.S. President Donald Trump has cast doubt on whether he will sign a bipartisan housing affordability bill, describing the legislation as a big yawn while urging Congress to prioritize separate election reforms instead....

Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action

U.S. President Donald Trump on Monday called on gasoline retailers to immediately lower fuel prices, warning that companies could face serious consequences if they continue charging what he described as excessive prices at...

US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions

U.S. stock index futures traded little changed on Monday evening after Wall Street posted a strong rebound, led by technology stocks recovering from last weeks sharp selloff. Investors are now turning their attention to...

Politics

Israeli Airstrike Kills Three in Central Gaza Despite Ceasefire

An Israeli airstrike killed three Palestinians, including a child, in central Gaza on Monday, according to Gazas health ministry, highlighting continued violence despite a U.S.-mediated ceasefire that has officially been...

Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt

Federal Reserve Governor Lisa Cook said the U.S. Supreme Courts decision to block President Donald Trumps attempt to remove her from the central bank reinforces the Federal Reserves independence and protects its ability to...

Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply

Canada has awarded C$7 million (approximately $4.93 million) in non-repayable funding to support the development of a major molybdenum mining project in Greenland, reinforcing Western efforts to secure critical mineral...

Australia, Vanuatu Sign Security Pact Amid Pacific Influence Competition

Australia and Vanuatu have officially signed a long-awaited development and security agreement, reinforcing their strategic partnership while highlighting the growing geopolitical competition for influence in the Pacific...

Serbia Protests Continue as Thousands Rally Despite Vucic’s Resignation Plan

Thousands of demonstrators gathered in the central Serbian city of Kraljevo on Sunday, maintaining pressure on President Aleksandar Vucic just one day after he announced plans to resign within weeks and trigger early...

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

Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe

Super Micro Computer Inc. came under renewed scrutiny on Monday after Taiwanese authorities raided its local offices as part of an investigation into the alleged smuggling of Nvidia AI chips to China through the companys...

Australia Sues Amazon Over Prime Video Ads and Subscription Terms

Australias competition watchdog has launched legal action against Amazon.com Inc. (NASDAQ: AMZN), alleging the company violated Australian consumer law by using unfair contract terms to introduce advertising on its Prime...

Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings

Chinese insurtech firm Baige Online Digital Technology Co. (HK:2672) delivered an impressive debut on the Hong Kong Stock Exchange on Monday, with its shares surging as much as 333% in early trading. The strong performance...

Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO

Baidu Inc. (HK:9888) shares climbed sharply on Monday after reports indicated that its artificial intelligence chip subsidiary, Kunlunxin, is aiming for a valuation of approximately $50 billion through a planned initial...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says

Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...