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today's top stories

  • U.S. Stocks May Move To The Downside In Early Trading June 05, 2026 08:57 ET

    Stocks may come under pressure in early trading on Friday amid continued weakness in the tech sector. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.6 percent. Extended weakness among chip stocks may weigh on Wall Street, as reflected...

  • Wall Street Might Open Broadly Lower June 05, 2026 08:18 ET

    Uncertainty continue to linger over U.S.-Iran peace negotiations and the stakeholders are not hopeful of settling the Middle East conflict immediately. Early signs from the U.S. Futures Index suggest that Wall Street might open broadly down on Friday. In the Asian trade session, the dollar held steady....

  • Eurozone Economy Shrinks For First Time Since 2022 June 05, 2026 08:17 ET

    The euro area economy contracted for the first time in more than three years in the first quarter, in contrast to the earlier estimates, dragged down by the massive slump in Ireland, official data revealed Friday. Gross domestic product shrank 0.2 percent on a quarterly basis, offsetting the 0.2 percent growth seen in the fourth quarter, latest data from the statistical office Eurostat showed.

  • Atlanta MARTA Security Spending, Safety Plans To Be Probed After Murder On MARTA Train June 05, 2026 07:38 ET

    U.S. Transportation Secretary Sean P. Duffy has directed the Federal Transit Administration to launch an investigation of Atlanta's Metropolitan Atlanta Rapid Transit Authority, or MARTA. The investigation will review the transit agency's security spending, safety protocols, and risks to riders and workers. The...

  • NASA Satellites Show Mangrove Forest Expansion Globally June 05, 2026 07:09 ET

    NASA satellite images show that mangrove forests, which protect shorelines, support coastal ecosystems, and store large amounts of carbon along saltwater coasts, are more resilient than scientists once believed. Four decades of Landsat observations reveal that mangrove forest coverage shifted from long-term...

  • World's First AI-designed Vaccine Could Protect Against Viruses, Researchers Say June 05, 2026 06:58 ET

    A "fundamentally new" type of vaccine, developed using artificial intelligence for the first time in the world, has the potential to act against a variety of viruses and protect the world from future pandemic outbreaks, say researchers. A Cambridge-led team has developed a way to engineer better vaccines that could provide broad protection from thousands of variants of viruses - such as coronavir

  • House Passes Ukraine Aid And Russian Sanctions Bill With GOP Support June 05, 2026 06:54 ET

    The U.S. House of Representatives has passed with the support of 18 Republican lawmakers a sweeping legislation that includes major Ukraine aid and Russia sanctions package. The Ukraine Support Act authorizes $1.3 billion in security assistance to Ukraine, $8 billion in arms sales, and imposes broad, sweeping new oil and gas sanctions against Russia. The first major Ukraine-assistance package fr

  • Hezbollah Rejects Israel-Lebanon Ceasefire June 05, 2026 06:47 ET

    The leaders of Hezbollah's military wing have reportedly rejected a US-led ceasefire renewal agreement between Lebanon and Israel, calling it "futile." In a statement issued on Thursday, the Iran-backed Lebanese militant group's leader Naim Qassem said "broad segments of the Lebanese people" have...

  • European Shares Mixed As Hezbollah Rejects Lebanon Ceasefire June 05, 2026 05:12 ET

    European stocks were mixed in cautious trade on Friday as a global rally in artificial intelligence-related stocks fizzled out and investors kept a wary eye on the latest developments in the Middle East. Hezbollah has rejected a new ceasefire agreement with Israel, and the Israel Defense Forces (IDF)...

  • Target Recalls Up & Up Baby Wipes For Potential Microbial Contamination June 05, 2026 02:03 ET

    Retailer Target Corp. is recalling select Up & Up Baby Wipes, due to potential microbial contamination, according to the U.S. Food and Drug Administration. The recall involves Up & Up FragranceFree Baby Wipes and Up & Up Fresh Cucumber Scented Baby Wipes with various counts and UPC numbers. The impacted wipes were manufactured by a supplier, Sapro Temizlik Urunleri, and sold at Target stores...

  • European Shares Set For Broadly Lower Open June 05, 2026 01:43 ET

    European stocks are seen opening broadly lower on Friday as AI-driven rally that boosted stocks earlier this week fizzled out and the U.S.-Iran-Israel conflict remained unresolved, despite the ceasefire and diplomacy. U.S. stock index futures edged lower ahead of the nonfarm payrolls report later...

  • Top Biotech Gainers: VERU Teams Up With NVO, ABSI On Watch, ALVO Resubmits BLAs To FDA... June 04, 2026 22:42 ET

    Thursday's top gainers include Veru, following a Novo Nordisk collaboration; Health Catalyst, following a divestment of its revenue workflow and analytics software business; Absci, ahead of clinical trial readouts; and Alvotech, which is taking another shot at FDA approval for its biosimilars, among others.

  • Ford Recalls Over Seat Belt Issue, Issues Do-Not-Drive Warning For Maverick And Bronco Sport June 04, 2026 17:46 ET

    Ford Motor Co (F) is recalling almost 420,000 vehicles in the U.S. because of a problem with the seat belts that could be risky in a crash.

  • Supreme Court Upholds FCC Authority In Data Privacy Enforcement Case June 04, 2026 17:44 ET

    The U.S. Supreme Court decided 8-1 on Thursday to back the Trump administration, affirming the Federal Communications Commission's (FCC) power to enforce data privacy laws against telecom companies.

  • SpaceX IPO Valuation Near $2 Tln Backed By Starlink Growth, ARK Invest Says June 04, 2026 16:22 ET

    SpaceX is gearing up for one of the biggest public offerings in history, eyeing an initial price of $135 per share, which puts its valuation at around $1.77 trillion, ahead of its Nasdaq launch set for June 12.

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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