A report released by the Labor Department on Thursday showed a modest pullback in first-time claims for U.S. unemployment benefits in the week ended June 13th. The Labor Department said initial jobless claims dipped to 226,000, a decrease of 4,000 from the previous week's revised level of 230,000. Economists had expected jobless claims to edge down to 225,000.
The U.S. War Department has announced that 30,000 drones are being delivered now and will be ordering 60,000 more in September. This is under the $1.1 billion Drone Dominance Program, a two-year effort to execute President Donald Trump's Executive Order, which articulated the urgent need for the department...
England made a roaring start to the FIFA World Cup 2026 with a 4-2 victory over Croatia while DR Congo showed their warrior spirit to hold Portugal to a 1-1 draw Wednesday, but Cristiano Ronaldo failed to rise to expectations. England won an exciting opening Group L contest against Croatia at Dallas Stadium, thanks to a brilliant brace from captain Harry Kane and second-half goals by Jude Belling
Stocks are likely to move to the upside in early trading on Thursday, regaining ground following the sell-off seen late in the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.8 percent. Early buying interest may be...
The Swiss National Bank left its policy rate unchanged on Thursday as inflation continues to remain well within the target. The central bank left its policy rate at zero percent, in line with market expectations. The SNB had lowered the key rate by 175 basis points since March 2024.
Attacks against human right defenders have reached record levels over the past year, according to a new report issued on Wednesday by the UN human rights office, OHCHR. Preliminary data indicates that around 950 human rights defenders, journalists and trade unionists were killed or forcibly disappeared...
The United States and Iran have signed a preliminary agreement to end the Middle East war. Pakistan Prime Minister Shehbaz Sharif announced in a post on X Thursday that U.S. President Donald Trump and his Iranian counterpart Masoud Pezeshkian electronically signed the "Islamabad Memorandum of Understanding," and was endorsed by him as the mediator. The MoU will enter into force with immediate e
European stocks were moving lower on Thursday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but the latest set of projections suggested there could be at least one increase to its main rate this year. Elsewhere, the Swiss National Bank left its policy rate unchanged...
European stocks are seen opening lower on Thursday after U.S. stocks ended sharply lower overnight amidst monetary policy concerns. The Federal Reserve held its benchmark interest rate steady but Chair Kevin Warsh's focus on "price stability" signaled an increasingly hawkish pivot. That said,...
The Bank of England and Swiss National Bank announce monetary policy decisions on Thursday, headlining a hectic day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is seen unchanged at 5.0 percent in the three months to April.
Today's top gainers included uniQure, which rallied after the FDA softened its stance on the company's investigational gene therapy; Elicio Therapeutics, following encouraging treatment responses from its cancer vaccine in pancreatic cancer trial; an Lunai, after its CEO issued a letter to shareholders outlining the developments in the company, among others.
Verizon Communications (VZ) has announced a significant revamp aimed at its customers, which includes getting rid of activation and device upgrade fees, launching a new loyalty program for everyone, and simplifying their wireless and bundled service options.
Uber Technologies (UBER), Nuro, and Lucid Group have revealed that Houston will be the second city to host their robotaxi service, with plans to kick off commercial operations around mid-2027.
Novo Nordisk B A/S (NVO), the Danish pharmaceutical firm, has announced it's looking into claims made by the cyber extortion group FulcrumSec, which alleges that over a terabyte of company data was stolen after Novo Nordisk supposedly refused to pay a $25 million ransom.
Stocks saw significant volatility immediately following the Federal Reserve's monetary policy announcement on Wednesday but came under considerable selling pressure in the latter part of the trading session. The major averages all showed significant moves to the downside, closing firmly in negative territory.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.