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Sun, Sep 27, 2026 11:54 AM All times are UTC

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Oil Prices Recover Amid U.S. Inventory Build and Middle East Tensions

Oct 09, 2024 04:34 am UTC| Economy

Oil Prices Rebound After Sharp Decline Oil prices rose in Asian markets on Wednesday, recovering from the previous sessions 4% drop. The decline followed reports of the Lebanese group Hezbollah seeking a ceasefire with...

Boeing Withdraws Pay Offer Amid Strikes by 33,000 U.S. Factory Workers

Oct 09, 2024 04:21 am UTC| Economy

Boeing Withdraws Pay Offer as Strikes Continue Boeing (NYSE: BA) has withdrawn its pay offer to approximately 33,000 factory workers on strike across the U.S. West Coast, with no further negotiations planned, according...

Asian Stocks Rise Amid Tech Gains, But China Falls on Stimulus Concerns

Oct 09, 2024 04:12 am UTC| Economy

Tech Stocks Drive Asian Markets Higher Asian stocks saw broad gains on Wednesday, led by a rally in technology shares following a positive lead from U.S. markets. Japans Nikkei 225 climbed 0.7%, supported by gains in...

Asian Stocks Gain on Tech Rally, While Chinese Markets Plunge Amid Stimulus Concerns

Oct 09, 2024 03:46 am UTC| Economy

Asian Markets Rise on Tech Gains Most Asian stocks climbed on Wednesday, buoyed by the tech sectors strong performance. Regional markets followed a positive lead from Wall Street, where technology stocks spurred...

RBNZ Cuts Interest Rates to 4.75% Amid Economic Slowdown

Oct 09, 2024 02:44 am UTC| Economy

RBNZ Cuts Rates Amid Inflation and Growth Concerns The Reserve Bank of New Zealand (RBNZ) lowered its official cash rate by 50 basis points to 4.75% on Wednesday, aligning with market expectations. The move is aimed at...

Dollar Pauses After Rally, Yen and Other Major Currencies Stabilize

Oct 09, 2024 02:33 am UTC| Economy

Dollar Stabilizes, Offering Relief to Global Currencies The U.S. dollar paused its rally on Wednesday, providing relief to major currencies like the yen, following last weeks sharp rise to a seven-week high. Investors...

New Zealand Central Bank Cuts Cash Rate by 50 Basis Points to 4.75%

Oct 09, 2024 02:12 am UTC| Economy

New Zealand Cuts Cash Rate to 4.75% to Control Inflation On Wednesday, the Reserve Bank of New Zealand (RBNZ) lowered its official cash rate (OCR) by 50 basis points to 4.75%. This decision aligns with market...

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Economy

Europe’s AI Data Centre Boom Strengthens Case for Nuclear Power

Europes rapid expansion of AI data centres could increase demand for new nuclear power capacity as technology companies seek reliable, low-carbon electricity, according to J.P. Morgan analysts. European data centre...

South Korea Tax Windfall Could Top 50 Trillion Won on Chip Boom

South Koreas excess tax revenue could surpass 50 trillion won ($37 billion) in 2026 as a stronger-than-expected semiconductor cycle boosts corporate earnings and government receipts, Bloomberg reported, citing calculations...

US Stocks Face Jobs, Inflation Test as Fed Rate Hike Bets Rise

U.S. stocks face a crucial test in the coming week as investors await employment and inflation data that could shape expectations for the Federal Reserves next interest rate move. Major indexes remained near record highs...

ECB May Stop Rate Hikes After December, Capital Economics Says

Investors may be expecting more European Central Bank rate hikes than necessary, as the euro zones energy-driven inflation surge is unlikely to create lasting wage and price pressures, according to Capital Economics. The...

Trump to Ease U.S. Fuel-Economy Standards

The Trump administration is set to unveil new U.S. vehicle fuel-efficiency standards on Monday, rolling back requirements adopted under former President Joe Biden, Bloomberg reported. President Donald Trump announced plans...

Politics

Iran Holds Firm on Hormuz Reopening Terms Despite Trump Rejection

Iran has refused to ease its conditions for reopening the Strait of Hormuz, saying it is still waiting for a formal U.S. response through mediators despite President Donald Trumps statement that he rejected Tehrans...

Republicans Flood Safe House Races With Cash as Midterm Risks Rise

Republicans are directing fresh campaign money into dozens of U.S. House races once considered safe as internal polling raises concerns about the partys position ahead of the November 3 midterm elections. Since September...

China Says U.S. Shares Responsibility for AI Governance

China and the United States share both the ability and responsibility to guide the development of artificial intelligence, according to commentary published by a social media account linked to Chinese state broadcaster...

Iran Warns US Against Renewed Attacks as Hormuz Tensions Rise

Irans armed forces are prepared to respond to any renewed U.S. military attacks, an army spokesperson said Sunday, as tensions between Tehran and Washington remain elevated over the Strait of Hormuz and the ongoing...

UK PM Burnham Signals Social Care Tax Changes, Questions Heathrow Expansion

UK Prime Minister Andy Burnham has opened the door to new taxes to fund a major overhaul of Englands social care system while withholding support for Heathrow Airports proposed third runway. Speaking ahead of Labours...

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

OpenAI, Anthropic CEOs Summoned to Australia AI Inquiry

OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have been asked to appear before an Australian Senate inquiry into artificial intelligence following revelations that an OpenAI agent accessed the countrys Medicare...

OpenAI AI Agents Bypassed UN Website Controls in Data Scraping

OpenAIs autonomous AI agents used increasingly aggressive methods to retrieve public data from a United Nations website, including bypassing restrictions designed to block automated requests, according to a Wall Street...

TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims

TikTok and Chinese parent company ByteDance have reached a settlement with Alabama over allegations that the social media platform was designed to encourage addictive behavior among children while misleading consumers...

OpenAI Agents Access U.S. Government Websites During Testing

OpenAI artificial intelligence agents accessed several U.S. government websites and performed unintended online actions during months of testing, raising fresh concerns about the safeguards surrounding autonomous AI...

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...