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today's top stories

  • Activision Blizzard Shareholders Reach Settlement Over Microsoft Deal May 22, 2026 18:03 ET

    Activision Blizzard shareholders have secured a $250 million settlement tied to claims that Microsoft and some former Activision executives shortchanged investors during Microsoft's 2023 acquisition of the video game publisher.

  • Shein To Acquire Everlane, Major Shift For Sustainable Fashion Industry May 22, 2026 17:40 ET

    Shein, the chinese ultra-fast fashion giant, has struck a deal to take a majority stake in Everlane, which is quite a change for a brand known for its commitment to ethical production and "radical transparency."

  • TSA Says Medical Cannabis Air Travel Policy Remains Unchanged Despite Confusion May 22, 2026 17:36 ET

    The Transportation Security Administration of the United States of America wants to make it clear that its rules about bringing medical cannabis on flights haven't changed, despite some recent reports suggesting otherwise.

  • U.S. Stocks Give Back Ground In Late-Day Trading But Close Mostly Higher May 22, 2026 16:15 ET

    After turning in a strong performance throughout much of the session on Friday, stocks gave back some ground in the latter part of the trading day but still closed mostly higher. While the major averages pulled back well off their best levels of the day, the Dow still ended the session at a new record closing high.

  • Mental Health Disorders Nearly Doubled Worldwide In 30 Years, Study Finds May 22, 2026 14:11 ET

    A new study, published in The Lancet, has found that the number of people living with mental health problems has almost doubled over the last 30 years, mainly because of large increases in anxiety and depression around the world. The study, led by researchers from the Institute for Health Metrics...

  • Researchers Discover Widespread Sin Nombre Virus In Pacific Northwest Rodents May 22, 2026 13:44 ET

    The Sin Nombre virus, a hantavirus carried by rodents that can cause a serious lung disease in humans, may be more common in rodents in parts of the Pacific Northwest than scientists once thought, according to a study published in the CDC's Emerging Infectious Diseases journal. Led by researchers...

  • Dow Reaches Record Intraday High On Optimism About U.S.-Iran Deal May 22, 2026 10:59 ET

    Stocks have moved mostly higher during trading on Friday, adding to the modest gains posted in the previous session. The major averages have all moved to the upside, with the Dow reaching a new record intraday high. Currently, the major averages are off their highs of the session but still in positive territory.

  • Weekly Buzz: GH Wins FDA Nod; NMPA Green Lights HCM; MDT To Acquire SPR ; BIIB HALTS BIIB112 May 22, 2026 10:47 ET

    This week's biotech landscape saw regulatory approvals across the U.S., Canada, and China, alongside collaborations, acquisitions, program halts, and positive data readouts spanning multiple therapeutic areas, including severely calcified coronary artery disease, Wilson disease, and alpha-1 antitrypsin...

  • U.S. Leading Economic Index Unexpectedly Inches Higher In April May 22, 2026 10:46 ET

    A reading on leading U.S. economic indicators unexpectedly edged slightly higher in the month of April, according to a report released by the Conference Board on Friday. The Conference Board said its leading economic index crept up by 0.1 percent in April after falling by 0.6 percent. Economists had expected the index to dip by 0.3 percent.

  • U.S. Consumer Sentiment Tumbles Much More Than Previously Estimated In May May 22, 2026 10:29 ET

    A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much more than previously estimated in the month of May. The University of Michigan said its consumer sentiment index for May was downwardly revised to 44.8 from a preliminary reading of 48.2. Economists had expected the index to be unrevised.

  • Right To Strike Protected Under Key Labor Treaty, Says UN World Court May 22, 2026 10:03 ET

    The UN International Court of Justice has ruled that the right to strike is protected under a core International Labour Organization convention, in a landmark advisory opinion settling a long-running dispute between workers and employers worldwide. By 10 votes to four, the UN World Court ruled on...

  • USTR To Host G20 Trade Ministerial In Milwaukee May 22, 2026 09:57 ET

    The Office of the United States Trade Representative will host the G20 Trade Ministerial in Milwaukee, Wisconsin, from September 30 to October 1. "President Trump's tariff program is actively rebalancing global trade, reversing decades of non-market policies and practices to protect American workers...

  • A Wet Memorial Day Weekend In Store For The East May 22, 2026 09:47 ET

    A wet and unsettled Memorial Day weekend is in store for much of the East, while the West remains warm and dry, the National Weather Service said on Friday. Widespread rainfall of 1 to more than 2 inches is expected from the Gulf Coast to southern New England, according to NWS. Well above normal temperatures are forecast to build across the northern Plains. Another round of heavy to excessive r

  • US, India To Broaden Energy Cooperation, Rubio Says Ahead Of India Tour May 22, 2026 09:35 ET

    Ahead of his India tour, U.S. Secretary of State Marco Rubio said that the U.S. government will engage with India to broaden energy cooperation. During May 23-26, Rubio will visit the Indian cities of Kolkata, Agra, Jaipur, and capital New Delhi. The Secretary will discuss energy security, trade, and defense cooperation during meetings with senior Indian officials, the Department of State said

  • German GDP Growth Rises On Exports, Consumption May 22, 2026 08:53 ET

    The German economy expanded at a slightly faster pace in the first quarter, underpinned by consumption and exports, defying the adverse impact of the conflict in the Middle East. Germany's gross domestic product grew 0.3 percent from a quarter ago, unrevised from the previous estimate and followed the fourth quarter's 0.2 percent expansion, detailed data from Destatis showed Friday.

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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