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today's top stories

  • Day Of Draws In FIFA World Cup June 16, 2026 09:36 ET

    It was a day of draws in the FIFA World Cup Day 5, as all the four matches Monday ended without a winner. While the tiny country of Cape Verde held European powerhouse Spain to a shocking goalless draw for more than 95 minutes, Saudi Arabia managed to tackle Uruguay 1 - 1; Belgium could not overpower Egypt (1-1); and Iran salvaged a hard-earned 2-2 draw against New Zealand. Nobody predicted Cap

  • U.S. Stocks May Lack Direction Following Yesterday's Rally June 16, 2026 08:56 ET

    Following the rally seen in the previous session, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures down by less than a tenth of a percent. Traders may take a step back to...

  • German Economic Sentiment Rebounds On Hopes Of Conflict Resolution June 16, 2026 08:36 ET

    Economic sentiment in Germany returned to positive territory in June as financial market experts expect an end to the Iran conflict, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The ZEW indicator of economic sentiment advanced more-than-expected to 10.5 in June from -10.2 in the previous month. The score was seen at -5.8.

  • Wall Street To Continue In Positive Territory At Open June 16, 2026 08:23 ET

    In hopes that the Strait of Hormuz will reopen, U.S. stock futures edged higher on Tuesday. Early indications suggest Wall Street could open in positive territory. Brent crude futures fell below $83 a barrel, gold traded higher at $4,328 an ounce, while the dollar remained near 10-day lows. As...

  • As World Waits For Details On US-Iran Deal, UN Calls For Hormuz Aid Corridor June 16, 2026 08:11 ET

    As representatives of Iran and the United States reportedly prepare to sign a new peace agreement at the end of the week, the UN has stressed the urgent need to open an aid corridor to transit the choked-off Strait of Hormuz and prevent a global hunger crisis. At the Human Rights Council in Geneva,...

  • UK Announces Major Sanctions Package Choking Off Russia's War Effort June 16, 2026 08:05 ET

    On Tuesday, the UK has annuonced a major sanctions package aimed at choking off Russia's war effort across multiple fronts. The latest round of punitive action by the UK includes 70 new sanctions targeting Russia's illicit shadow fleet, military procurement supply chains, and illicit finance networks used to circumvent Wedtern sanctions. The sanctions further crack down on Russia's decrepit

  • Social Media To Be Banned For Under-16s In UK June 16, 2026 07:29 ET

    In a landmark move, the UK government has banned Social media platforms to under-16s. The Department for Science, Innovation and Technology said the Social media platforms will be blocked from offering services to children below this age group to protect kids with world-leading additional restrictions on harmful features online such as live streaming and strangers communicating with children. T

  • 8 Killed In US Air Force B-52 Bomber Crash In California June 16, 2026 06:37 ET

    Eight people on board a US Air Force B-52 bomber have been killed in a crash during test flight at Edwards Air Force Base in southern California. The B-52 Stratofortress reportedly crashed immediately after take-off from the remote air base at 11:20 a.m. local time Monday, and burst into flames. "Today,...

  • European Shares Inch Higher As Inflation Worries Ease June 16, 2026 05:11 ET

    European shares inched higher on Tuesday as falling oil prices helped ease worries about inflation and the outlook for interest rates. Brent crude futures held near $82 a barrel after reports suggested that U.S. President Trump may release a preliminary deal to end the war with Iran before Friday....

  • European Shares Seen Flat To Lower At Open June 16, 2026 01:38 ET

    European shares are seen opening flat to slightly lower on Tuesday as investors await more clarity on the U.S.-Iran peace deal and seek cues from upcoming central bank meetings. After the announcement of an interim peace agreement between Washinton and Tehran, some of the biggest questions remain...

  • Top Biotech Gainers: RGNT Withdraws F-1 Filing, FDA Clears CUPR's Maggot Therapy, MYO On Watch June 15, 2026 22:31 ET

    Today's top gainers include Regentis, amid developments including its withdrawal of a planned U.S. listing application (Form F-1) with the SEC; Cuprina, following FDA clearance for its maggot debridement therapy; and Intellia, after reporting additional positive results for its hereditary angioedema program, among others.

  • Ukraine Kicks Off Medical Cannabis Sales After Legal Changes June 15, 2026 18:18 ET

    Ukraine has officially made its first sales of medical cannabis products, which is a big step for the country's healthcare system since the new law allowing their medical use just came into effect.

  • Renault And Thales Partner To Develop Military Vehicle As Europe Boosts Defense Spending June 15, 2026 17:32 ET

    Renault Group has teamed up with Thales to create a new military vehicle, marking the automaker's push into the defense arena as European countries ramp up military spending due to rising geopolitical tensions.

  • KFC Unveils Global Revamp June 15, 2026 17:07 ET

    KFC is kicking off a big global makeover aimed at drawing in a younger crowd, focusing on boneless chicken options, a wider range of sauces, and revamped restaurant designs, especially as the competition heats up in the fast-growing chicken market.

  • SpaceX Raises Nearly $85 Bln As Underwriters Exercise IPO Overallotment Option June 15, 2026 16:44 ET

    Space Exploration Technologies Corp. (SPCX) has boosted the funds from its historic initial public offering to a massive $85.7 billion, with underwriters deciding to exercise their overallotment option, as mentioned in an investor relations update released on Monday.

Global Economics Weekly Update - Jun 08-12, 2026

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.