The Federal Reserve released a report on Friday showing industrial production in the U.S. rebounded by much more than anticipated in the month of April. The report said industrial production climbed by 0.7 percent in April after falling by a revised 0.3 percent in March. Economists had expected industrial production to rise by 0.3 percent.
New York manufacturing activity grew strongly in the month of May, the Federal Reserve Bank of New York said in a report released on Friday. The New York Fed said its general business conditions index shot up to 19.6 in May from 11.0 in April, with a positive reading indicating growth. The increase surprised economists, who had expected the index to pull back to 7.8.
The Centers for Disease Control and Prevention has said that currently 41 people across the U.S. are under monitoring for suspected hantavirus infection. They include passengers who were recently repatriated from the hantavirus-hit cruise ship MV Hondius in Tenerife, and are now in ASPR Regional Emerging...
Stocks are likely to come under pressure in early trading on Friday, giving back ground after ending the previous session mostly higher. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1.2 percent. Profit taking may contribute...
President Donald Trump departed Beijing Friday afternoon local time without any immediate sign that the US and China have resolved thorny challenges dogging their fractious relationship, but with a freshly stabilized relationship with Chinese leader Xi Jinping - for now. Investors are worried about...
This week's biotech highlights Lilly's strong Phase 3b maintenance results for Zepbound and Foundaya, Rigel's global license for the first FDA-approved PROTAC therapy Veppanu, and Bristol Myers Squibb's $15.2 billion collaboration with Hengrui Pharma. The regulatory front saw ATyr refining its Phase...
The United States announced that in partnership with Venezuela and the United Kingdom and with technical support from the International Atomic Energy Agency, it has successfully removed excess highly enriched uranium from Venezuela's shuttered RV-1 research reactor. The RV-1 was the country's first and only nuclear reactor, originally built for peaceful scientific research and later repurposed
President Donald Trump says China has agreed to buy oil from the United States amid disruptions in oil transit through the Strait of Hormuz. "We're going to start sending Chinese ships to Texas and to Louisiana and to Alaska," he said in an interview with Fox News ahead of concluding his state visit to China. "It's the one thing they really need - energy. We have unlimited energy," the president
European shares were sharply lower on Friday, with inflation concerns and disappointment over U.S.-China trade talks keeping investors on edge. After wrapping up his three-day visit to China, U.S. President Donald Trump said he will not be much more patient with Tehran. Hormuz concerns persist...
European stocks are seen opening lower on Friday as investors fret about rising inflation and the outlook for interest rates. ECB Governing Council member Martins Kazaks said in an interview with broadcaster LTV on Thursday that the central bank will be forced to raise interest rates if rising oil...
World Bright International Limited is recalling around 18,500 Agio Menlo Woven Patio Swings after receiving reports that the seat can come loose from the frame while in use, posing a risk of serious injury or even death.
ZWILLING J.A. Henckels is recalling approximately 113,440 ENFINIGY electric kettles in the U.S. because the handles can loosen and detach, which could lead to hot water spilling and serious burns.
Instagram run by Meta Platforms Inc. (META) has introduced a new feature called Instants, which lets you share photos that disappear after being sent to selected contacts right after you take them.
After ending the previous session modestly lower, the Dow showed a strong move back to the upside during trading on Thursday, closing above 50,000 for the first time in three months. The Nasdaq and the S&P 500 also moved higher, adding to Wednesday's gains and once again reaching new record closing highs.
Oklahoma is set to require manufacturers and distributors of medical cannabis to get registered with the U.S. Drug Enforcement Administration if they want to keep their state permits, starting in 2027.
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.