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Sun, May 10, 2026 10:58 AM All times are UTC

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US Core PCE Inflation Holds Steady at 2.9% in July 2025, Signaling Persistent Price Pressures

Aug 29, 2025 14:35 pm UTC| Insights & Views

Rising 0.3% month-over-month in July 2025, as released August 29, 2025, the US Core Personal Consumption Expenditures (PCE) Price Index matches economists expectations. and maintaining the same 0.3% Junes rate. Rising to...

Tackling US Tariffs: How Russian Crude Discounts Can Save India's Textile Industry

Aug 29, 2025 12:44 pm UTC| Insights & Views

A crucial industry employing 45 million people and exporting $35 billion annually, Indias textile sector is reeling from a 50% US tariff imposed on August 27, 2025, the most globally. This has caused production stops in...

PetroChina Eyes Stablecoin Revolution for Energy Payments

Aug 29, 2025 12:23 pm UTC| Digital Currency Insights & Views

PetroChina, Chinas largest state-owned energy company, is exploring the use of stablecoins for cross-border settlements, as announced during its semi-annual performance meeting on August 28, 2025. The company is closely...

FxWirePro- Silver Soars to $39 as Fed Crisis and Global Tensions Spark Safe-Haven Rush

Aug 28, 2025 13:00 pm UTC| Insights & Views

Silvergained sharply as demand for safe-haven assets increased. It hit an intraday high of $39.06 and is currently trading around $39.065. Driven by President Trumps effort to dismiss Fed Governor Lisa Cook triggered a...

Ethereum ETFs Soar with $1.53B Inflows as ETHUSD Breaks $4,500 on Institutional Frenzy

Aug 28, 2025 10:00 am UTC| Digital Currency Insights & Views

Driven by significant institutional purchases from BlackRock ($550 million, 3.6),Ethereum ETFs haverecordedanamazing$1.53 billion in net inflows over four trading days.With a record single-day influx of $443.9millionon...

U.S. Imposes 50% Tariffs on Indian Exports: A Shift in Global Trade Dynamics

Aug 28, 2025 08:23 am UTC| Insights & Views

Beginning August 27, 2025, the United States has applied 50% levies on Indian exports, therefore greatly exacerbating trade relations. This move seeks to punish industries like gems and jewelry, textiles, shoes, and...

Orders for US Durable Goods Point Resilience

Aug 26, 2025 15:04 pm UTC| Insights & Views

Published on August 26, 2025, the US durable goods orders report for July 2025 showed a 2.8% decrease to $302.8 billion, a less pronounced drop. more than economists predicted 4.0% decline. This is the third drop in four...

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Economy

Russian LNG Shadow Fleet Expands Amid Arctic LNG 2 Sanctions

Russia is intensifying efforts to bypass Western energy sanctions after a liquefied natural gas (LNG) tanker operating under a newly adopted Russian flag was spotted loading fuel linked to the sanctioned Arctic LNG 2...

S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence

The SP 500 and Nasdaq closed at fresh record highs on Friday as investors poured into AI-related stocks and welcomed stronger-than-expected U.S. jobs data, reinforcing confidence in the resilience of the American economy....

Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations

The U.S. dollar weakened on Friday after stronger-than-expected April jobs data reduced speculation about potential Federal Reserve interest rate cuts. Investor sentiment also improved after President Donald Trump stated...

European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears

European stock markets closed lower on Friday as renewed military tensions between the United States and Iran rattled investor confidence and intensified concerns about global energy supplies. The escalating conflict...

Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand

Gold prices climbed on Friday and were set for a strong weekly gain as the U.S. dollar weakened following the latest U.S. jobs report. Investors also turned to safe-haven assets amid ongoing tensions in the Middle East and...

Politics

Israel’s Secret Iraq Base Allegedly Supported Iran Air Campaign, WSJ Reports

Israel reportedly established a covert military outpost deep in the Iraqi desert to support its recent air campaign against Iran, according to a Wall Street Journal report citing sources familiar with the operation,...

Senate Stablecoin Bill Sparks Clash Between Banks and Crypto Industry

A major fight over U.S. crypto regulation is heating up as lawmakers prepare to advance the CLARITY Act, a proposed bill designed to create a clear regulatory framework for digital assets and stablecoins. The legislation...

Trump-Xi Beijing Summit to Focus on Trade, Taiwan, and Boeing Deal

U.S. President Donald Trump is set to meet Chinese President Xi Jinping in Beijing from May 14 to May 15, marking the first visit by an American president to the Chinese capital in nearly ten years. According to Reuters,...

Trump Reportedly Approves Plan to Remove FDA Commissioner Marty Makary Amid Growing Controversies

President Donald Trump has reportedly approved a plan to remove U.S. Food and Drug Administration (FDA) Commissioner Marty Makary, according to sources familiar with discussions inside the White House. While officials say...

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...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

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...

Technology

AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says

Artificial intelligence is starting to increase U.S. consumer prices through rising costs in electronics, software, and electricity, according to a new Goldman Sachs report. The investment bank said AI-related inflation...

Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case

A federal judge has declined to immediately approve a proposed $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC) tied to Musks 2022 Twitter stock purchase disclosures. The...

Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone

Broadcom Inc. is reportedly in discussions with Apollo Global Management and Blackstone Inc. to secure around $35 billion in financing for its expanding artificial intelligence chip business, according to a Bloomberg...

Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally

Dell Technologies Inc. (NYSE: DELL) surged to an all-time high on Friday after receiving a public endorsement from President Donald Trump during a White House event. The president encouraged Americans to go out and buy...

TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit

TikTok and the Trump administration are reportedly close to reaching a $400 million settlement tied to allegations that the popular video-sharing platform violated U.S. child privacy laws. According to ABC News, the...