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Thu, Aug 27, 2026 01:58 AM All times are UTC

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Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside

Jul 10, 2026 05:17 am UTC| Business Insights & Views

Morgan Stanley has named Marks Spencer (MS) its new top pick in the European retail sector, citing the retailers growing market share, cost restructuring efforts, and attractive valuation as key factors supporting...

Hormuz on Edge: Iran’s Retaliatory Moves Heighten Oil Market Risks

Jul 09, 2026 08:45 am UTC| Insights & Views

The U.S.Iran conflict has continued very unstable, U.S.-Israel attacks, Iranian response, nuclear threats, and continuous oil-market disruptions fueling it. Though tensions have gotten worse several times, both sides have...

Fed Holds the Line: Hawkish Minutes Signal Higher-for-Longer Era Ahead

Jul 09, 2026 05:34 am UTC| Central Banks Insights & Views

The Federal Reserve maintained interest rates at 3.50% to 3.75%, hence clearly showing a hawkish inclination in the June FOMC meeting minutes. Nearly all participants supported waiting for more data, although some...

Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia

Jul 09, 2026 04:34 am UTC| Business Insights & Views

Goldman Sachs Asset Management believes Japan, South Korea, and Australia remain some of the most attractive markets for private equity buyouts in Asia, reflecting growing investor interest in the region despite broader...

Trump Says US-Iran MoU Is Effectively Over Amid Fresh Escalation

Jul 08, 2026 14:29 pm UTC| Insights & Views

Trumps comment that its over indicates he believes the current informal agreement with Iran is no longer a viable way to reduce tensions. This comes after recent attacks and counterattacks near the Strait of Hormuz. While...

Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher

Jul 08, 2026 11:13 am UTC| Insights & Views

Gold gave back most of its earlier gains because a surge in crude oil prices, driven by escalating geopolitical tensions, increased the likelihood that the Federal Reserve might pause its interest rate hikes. The price had...

BitMine Closes in on 5% of All Ethereum With Another $70M ETH Buy

Jul 08, 2026 10:43 am UTC| Digital Currency Insights & Views

Over the last three days, BitMine acquired approximately $70 million in Ethereum. The company reportedly purchased 7,080 ETH and 16,693 ETH in two separate transactions. These acquisitions move BitMine closer to its goal...

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Economy

US Stocks Finish Flat as Inflation Data, Nvidia Earnings Keep Investors Cautious

U.S. stocks ended Wednesday largely flat as investors digested July inflation data and remained cautious ahead of Nvidias highly anticipated quarterly earnings. The SP 500 closed unchanged at 7,677.00, while the Nasdaq...

Japan Firms Ramp Up Yen Hedging as Currency Weakness Persists

Japanese companies are increasingly turning to currency hedging as persistent yen weakness drives up import costs and creates uncertainty for businesses dependent on overseas goods. Taku Ueno, CEO of Takara MC, which...

Oil Prices Fall as Middle East Ceasefire Hopes Rise

Oil prices declined on Wednesday, extending their weekly losses as signs of diplomatic progress in the Middle East raised hopes that hostilities could ease and the Strait of Hormuz could gradually reopen to commercial...

Gold Prices Fall as Stronger Dollar, Fed Rate Outlook Weigh

Gold prices declined Wednesday as the U.S. dollar strengthened following mixed inflation and economic data, reinforcing expectations that the Federal Reserve could keep interest rates unchanged in September. Spot gold fell...

US Dollar Rises as Inflation Backs Fed Pause, Canadian Dollar Slides

The U.S. dollar strengthened on Wednesday as mixed July inflation data reinforced expectations that the Federal Reserve could keep interest rates unchanged in September. Meanwhile, the Canadian dollar weakened again as...

Politics

Carney’s Trump Tariff Pushback Wins Canadian Support, but Economic Risks Mount

Canadian Prime Minister Mark Carney is enjoying strong public support after suspending trade negotiations with the United States and retaliating against President Donald Trumps tariffs. However, economists warn that...

European Allies Seek to Reassure Pentagon as US Reviews Troop Presence

Senior European diplomats are expected to reassure U.S. officials on Thursday that NATO allies are increasing defence commitments as uncertainty grows over Washingtons review of American troop deployments across Europe....

Prince Harry and Meghan Return to Britain With Children After Six Years in U.S.

Prince Harry and Meghan Markle have returned to Britain with their children, six years after stepping away from royal duties and relocating to the United States, according to the BBC. The Duke and Duchess of Sussex...

Trump Administration Plans New Drug Pricing Deals With Biotech Firms

The Trump administration is preparing to announce a new round of drug-pricing agreements with midsize biotechnology companies on Monday, Bloomberg News reported Wednesday, citing people familiar with the matter. The...

US Raises Concerns Over Chinese Artist Gao Zhen’s Prison Sentence

The U.S. State Department has expressed significant concerns over Chinas sentencing of Chinese artist Gao Zhen to three years in prison, citing questions about freedom of expression and the application of a law enacted...

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 AI Agent Swarm Behind Hugging Face Hack

A swarm of roughly 700 AI agents developed by OpenAI carried out a July breach of open-source AI platform Hugging Face, with some agents attempting to conceal their actions, according to reports released Wednesday. The...

Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules

Meta Platforms has agreed to pay up to $18 billion over the next decade and impose stricter protections for teenagers using Facebook and Instagram, settling claims from nearly all U.S. states that its platforms were...

Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’

Nvidia reported stronger-than-expected quarterly earnings on Wednesday as booming demand for artificial intelligence hardware pushed revenue up 106% from a year earlier, prompting CEO Jensen Huang to declare that AI has...

Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat

Salesforce Inc. (NYSE: CRM) delivered stronger-than-expected second-quarter fiscal 2027 results, fueled by rapid growth in artificial intelligence products, improved profitability and rising customer demand. Salesforce...

HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook

HP Inc. (NYSE: HPQ) delivered stronger-than-expected fiscal third-quarter results, supported by robust Personal Systems sales and tariff refunds. However, HP stock fell more than 9% in after-hours trading Wednesday as...