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Fri, Dec 05, 2025 05:52 AM All times are UTC

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Oil Prices Surge Amid U.S. Sanctions on Russian Crude Exports

Jan 13, 2025 04:36 am UTC| Economy Business Market Moving News

Oil prices extended gains on Monday, with Brent crude surpassing $81 per barrel, its highest level in over four months. U.S. West Texas Intermediate (WTI) crude also climbed, reaching $78.10 per barrel. This marks a...

Markets Steady as Fed Signals Caution on Rate Cuts

Jan 09, 2025 05:54 am UTC| Economy Market Moving News

The SP 500 closed marginally higher on Wednesday, supported by tech stocks rebounding from earlier losses as Treasury yields steadied. The Dow Jones Industrial Average rose 94 points (0.2%), the SP 500 gained 0.1%, and the...

Tech Stocks Surge in Asia; Experts Warn ‘Cooling AI Boom May Hit NVIDIA’s Gains Hard’

Nov 19, 2024 07:52 am UTC| Economy Market Moving News

Asian stock markets started the week on a strong note, buoyed by tech sector gains as anticipation builds around key economic decisions in China and Japan. Despite the positive momentum, analysts caution that the ongoing...

Saudi Arabia Raises Oil Prices for Asia Amid Market Volatility and Middle East Tensions

Oct 06, 2024 13:23 pm UTC| Economy Market Moving News

Saudi Arabia has raised its official selling price for Arab Light crude to Asia by 90 cents per barrel amid rising market volatility and geopolitical tensions in the Middle East. This move, surpassing market expectations,...

Bitcoin Whales Acquire $4.3B in BTC Amid Market Decline, Signaling Potential Bottom

Jul 15, 2024 06:06 am UTC| Market Moving News Market Roundups Digital Currency Technology

Bitcoin whales took advantage of the recent market decline, amassing 71,000 BTC valued at $4.3 billion at the fastest rate since April 2023. This accumulation occurred as Bitcoin retraced to $54,200, indicating a potential...

Apple Surpasses Microsoft to Reclaim Title as World's Most Valuable Company

Jul 09, 2024 03:55 am UTC| Technology Business Market Moving News Market Roundups

Apple has surpassed Microsoft to become the worlds most valuable technological business, thanks partly to Wedbushs assistance. This shift in the stock markets dynamics occurred within a month, coinciding with todays market...

U.S. Stocks Hit Unprecedented Peaks Amid Growing Speculation of Federal Rate Cuts

Jul 05, 2024 22:19 pm UTC| Market Moving News Market Roundups

Stocks in the United States reached new highs. On Friday, Wall Streets hopes that interest rates may soon become more lenient were strengthened following the release of a highly awaited report on the labor...

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Economy

Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets

Most Asian currencies held steady on Thursday after modest gains, as markets continued to price in the possibility of a Federal Reserve rate cut next week. The US Dollar Index edged 0.1% higher following an overnight dip...

Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains

Asian stock markets traded mostly subdued on Thursday, mirroring the modest uptick seen on Wall Street as investors positioned themselves ahead of next weeks Federal Reserve meeting. Market sentiment remained cautiously...

China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai

Taiwan President Lai Ching-te has urged Chinese President Xi Jinping to direct his focus toward revitalizing Chinas weakening economy rather than pursuing territorial expansion, highlighting widening economic contrasts...

IMF Deputy Dan Katz Visits China as Key Economic Review Nears

International Monetary Fund Deputy Managing Director Dan Katz is making his first trip to China since leaving his position as chief of staff to U.S. Treasury Secretary Scott Bessent, marking a significant moment ahead of...

Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut

The U.S. dollar fell to a five-week low on Thursday as Asian stocks opened the trading day with muted performance, reflecting growing expectations that the Federal Reserve will cut interest rates at its meeting next week....

Politics

Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean

Cuban authorities announced that the island is intensifying its fight against narcotics trafficking in the Caribbean, emphasizing ongoing cooperation with the U.S. Coast Guard despite heightened political tensions and an...

Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert

An Irish naval vessel detected as many as five drones operating close to the flight path of Ukrainian President Volodymyr Zelenskiys aircraft as he arrived in Ireland for a state visit, according to local media reports on...

Australia Progresses AUKUS Review as U.S. Affirms Strong Support

Australia is moving forward with the newly received United States review of the AUKUS nuclear-powered submarine partnership, signalling renewed confidence in the trilateral defence pact with the U.S. and the United...

Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship

The Trump administration has introduced stricter vetting measures for H-1B visa applicants, targeting professionals in highly skilled fields often recruited by major U.S. tech companies. According to an internal State...

California Launches Portal for Reporting Alleged Misconduct by Federal Immigration Agents

California has introduced a new online portal that enables the public to submit videos, photos, and other evidence of potential misconduct by federal immigration agents. The initiative comes as immigration enforcement...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...

OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities

OpenAI has confirmed plans to acquire Neptune, a startup known for its advanced tools that help companies track, monitor, and optimize AI model training workflows. Although the company did not release the financial details...