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today's top stories

  • U.S. Stocks May See Early Strength Following Upbeat Jobs Data May 08, 2026 08:50 ET

    Following the pullback seen over the course of the previous session, stocks may move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 percent. The futures climbed more firmly into positive...

  • Wall Street Might Open Moderately Up, Despite Renewed Tensions In Middle East May 08, 2026 08:28 ET

    The renewed tensions between US and Iran in the Middle East might be influencing investor sentiments on Friday, however, Wall Street might open moderately up. U.S. President Donald Trump asked to continue the ceasefire, while Iran reportedly activated its air defense systems, raising concerns in the...

  • EU Awards EUR1 Bln To European Hydrogen Projects To Expedite Clean Transition May 08, 2026 07:44 ET

    The European Commission has selected 9 hydrogen production projects under the third auction of the European Hydrogen Bank, or EHB. Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce more than 1.3 million tons of hydrogen over their first 10 years of operation. This is estimated o avoid greenhouse g

  • 6.42 Mln Doses Of Illicit Medicines Seized In Global Crackdown May 08, 2026 07:17 ET

    A total of 6.42 million doses of unapproved and counterfeit pharmaceuticals worth $15.5 million have been seized in a global crackdown. Operation Pangea XVIII, coordinated by Interpol across 90 countries during March 10 - 23, led to 269 arrests and the dismantling of 66 criminal groups involved in the illicit pharmaceutical trade. Law enforcement agencies worldwide launched 392 investigations an

  • Hantavirus Outbreak On Cruise Ship Not Another Covid: WHO May 08, 2026 07:11 ET

    The World Health Organization has clarified that a deadly hantavirus outbreak aboard a cruise ship in the Atlantic Ocean poses a low global public health risk and is "not the start of another COVID pandemic." Three people have died and several others have fallen ill aboard the Dutch-flagged MV Hondius, prompting a major international public health response involving countries across Europe, Afric

  • 5 Children Infected With New Salmonella Outbreak Linked To Pet Veiled Chameleons May 08, 2026 06:54 ET

    The Centers for Disease Control and Prevention has reported that five children across four states have gotten sick from an outbreak of Salmonella infections linked to contact with pet veiled chameleons. A CDC investigation has found that the multistate outbreak is linked to the most common chameleon...

  • Hantavirus-hit Cruise Ship To Dock In Tenerife On Sunday: Report May 08, 2026 06:16 ET

    A Hantavirus-hit cruise ship currently in the Atlantic Ocean is expected to dock in the Spanish island of Tenerife, off West Africa, on Sunday, according to the latest updates from the Spanish Health Ministry. The World Health Organization said one of its experts, Dutch doctors, and a European disease...

  • US And Iran Exchange Fire In Strait Of Hormuz May 08, 2026 06:03 ET

    Even as U.S. President Donald Trump says a ceasefire with Iran still holds, both sides exchanged fire in the Strait of Hormuz Thursday. U.S. Central Command said its forces intercepted unprovoked Iranian attacks and responded with self-defense strikes as three U.S. Navy guided-missile destroyers transited the Strait of Hormuz to the Gulf of Oman. Iranian forces launched multiple missiles, drones

  • European Shares Edge Lower In Cautious Trade May 08, 2026 05:12 ET

    European stocks traded lower on Friday as escalating U.S.-Iran tensions curbed investors' appetite for riskier assets. Investors also watched the latest British political developments after early results from nationwide elections suggested a historic drubbing for Prime Minister Keir Starer's Labor...

  • UK House Prices Fall For Second Month: Halifax May 08, 2026 04:33 ET

    UK house prices dropped for the second straight month in April as geopolitical tensions drive inflation higher and trigger interest rate hike concerns, data published by the mortgage lender Halifax showed Friday. House prices dropped 0.1 percent on a monthly basis in April but slower than the 0.5 percent decrease in March.

  • German Industrial Output Falls Unexpectedly May 08, 2026 03:12 ET

    Germany's industrial production declined unexpectedly in March as the war in the Middle East started to take its toll on industrial activity, official data revealed Friday. Industrial output dropped 0.7 percent in March, marking the second consecutive monthly decline, Destatis reported.

  • European Shares Seen Lower As US-Iran Peace Talks Face Uncertainty May 08, 2026 01:39 ET

    European stocks may drift lower at open on Friday as investors weigh escalating U.S.-Iran tensions and brace for the release of the April U.S. jobs report later in the day for directional cues. Brent crude futures jumped toward $102 a barrel as fresh U.S.-Iran clashes in the Strait of Hormuz jolted...

  • European Economic News Preview: Germany Industrial Output, Foreign Trade Due May 08, 2026 00:48 ET

    Industrial production and foreign trade from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 am ET, Destatis releases Germany's industrial output and foreign trade figures. Economists forecast industrial output to grow 0.4 percent on a monthly basis in March, in contrast to the 0.3 percent fall in February.

  • Canvas Parent Instructure Hit By Cyberattack May 07, 2026 18:13 ET

    Instructure (INST), the company behind the popular Canvas platform, has confirmed a serious cyberattack connected to the hacking group ShinyHunters, which has led to the exposure of data for millions of students and educators around the globe.

  • U.S. Stocks Move To The Downside Amid Rebound By Crude Oil Prices May 07, 2026 16:12 ET

    Stocks turned in a lackluster performance early in the session on Thursday but came under pressure over the course of the trading day. The major averages all moved to the downside, although selling remained relatively subdued. The major averages finished the day off their lows of the session but still in the red.

Global Economics Weekly Update - April 27 – May 01, 2026

May 01, 2026 15:54 ET
Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.

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