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today's top stories

  • 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.

  • Dow Rebounds To New Record Closing High But Nasdaq Posts Modest Loss June 04, 2026 16:14 ET

    Following the pullback seen during Wednesday's session, stocks moved mostly higher over the course of the trading day on Thursday. The Dow showed a significant move back to the upside, reaching a new record closing high.

  • Unsafe Food Causes 866 Million Illnesses And 1.5 Million Deaths Every Year, WHO Report Finds June 04, 2026 15:30 ET

    According to new estimates released by the World Health Organization (WHO), children under the age of five are almost three times more likely to fall sick from unsafe food than older children and adults. The Organization reached at this conclusion after studying data from 194 countries between 2000...

  • Weight Loss Drugs May Reduce Need For Knee Replacement Surgery, Study Finds June 04, 2026 13:55 ET

    New research suggests that weight-loss drugs such as Ozempic and Wegovy may help some patients avoid knee replacement surgery. Earlier studies had shown that GLP-1 medications can reduce pain caused by knee osteoarthritis; however, it was not known whether they could also lower the chances of needing...

  • Dow Rebounds To New Record High Following Yesterday's Slump June 04, 2026 11:48 ET

    After moving notably lower in the previous session, the Dow has shown a substantial move back to the upside during trading on Thursday. The blue chip index has more than offset yesterday's slump, reaching a new record intraday high. Currently, the Dow is just off its highs of the session.

  • Could Genomic Testing Spare Some Breast Cancer Patients From Chemotherapy? June 04, 2026 11:18 ET

    With 2.3 million new cases diagnosed annually worldwide, breast cancer remains the most common cancer affecting women. For decades, chemotherapy has been a cornerstone of breast cancer treatment. Though it has helped to save lives, persons undergoing that experience significant physical and emotional...

  • U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Month High June 04, 2026 09:47 ET

    First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of 212,000.

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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