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today's top stories

  • House Adopts Resolution Limiting Trump's War Powers June 04, 2026 06:48 ET

    The US House of Representatives has passed a resolution to limit President Donald Trump's war powers in Iran with the support of four Republican lawmakers. In a public show of disapproval of Trump's handling of the conflict, the House adopted the war powers resolution by a 215-208 vote. It requires Trump to withdraw American forces from the Middle East or seek congressional approval to continue

  • Israel, Lebanon Agree To Implement Ceasefire June 04, 2026 06:45 ET

    Israel and Lebanon have agreed to the implementation of a ceasefire on condition of complete cessation of Hezbollah fire and the evacuation of all Hezbollah operatives from the South Litani Sector, an area between the Israeli border and the Litani river. This region is now under the control of Israeli military forces. The truce was agreed after the fourth round of U.S.-led negotiations between I

  • UK Construction Sector Contracts Most Since 2020 June 04, 2026 06:38 ET

    The UK construction sector shrank at the fastest pace in six years in May amid shrinking order books and rising economic uncertainty, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index unexpectedly fell to 38.2 in May from 39.7 in the previous month. The reading was seen at 40.4.

  • European Shares Edge Higher On Lebanon Ceasefire; FTSE 100 Dips As Energy Stocks Drag June 04, 2026 05:16 ET

    European stocks edged higher on Thursday and oil prices fell more than 1 percent toward $96 a barrel as Israel and Lebanon agreed to renew their fragile ceasefire following days of bombardment and drone strikes. That said, regional gains remained capped by fresh jitters over private credit markets,...

  • German Construction Activity Contracts Sharply June 04, 2026 05:15 ET

    Germany's construction activity continued to contract sharply in May with firms recording a sustained fall in activity alongside soaring input costs, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index posted 42.4 in May, up from April's 13-month low of 42.1.

  • European Shares Set For Cautious Open As Broadcom's AI Forecast Disappoints June 04, 2026 01:52 ET

    European stocks are seen opening lower on Thursday, with tech stocks likely to be in focus after Broadcom delivered a disappointing forecast for artificial intelligence chip revenue, raising fresh concerns about the durability of the artificial-intelligence rally that has driven global equities to record...

  • European Economic News Preview: Eurozone Retail Sales Data Due June 04, 2026 01:46 ET

    Retail sales from the euro area and construction purchasing managers' survey results from Germany are the top economic news due on Thursday. At 2.30 am ET, consumer price data is due from Switzerland. Inflation is forecast to accelerate to 0.8 percent in May from 0.6 percent in April.

  • Top Biotech Gainers: ABVX, CING, DRTS, MMED... June 03, 2026 22:38 ET

    Today's gainers list includes ABIVAX, which recently announced positive ulcerative colitis trial results; Cingulate, which is working toward resubmission of a New Drug Application for an ADHD therapy; and Alpha Tau, following its joint partnership with Tolmar to bring Alpha DaRT Therapy to U.S. Urological Cancer Patients, among others.

  • Meta Scales Back Employee Activity Tracking Program Following Staff Backlash June 03, 2026 18:24 ET

    Meta is scaling back its plans to keep tabs on employees' computer activity following some serious pushback from within the company regarding a program aimed at gathering workplace data for AI training.

  • AlphaSense Secures $350 Mln At A $7.5 Bln Valuation Amid Strong AI Growth June 03, 2026 17:26 ET

    AlphaSense, a market intelligence platform powered by AI, just wrapped up a $350 million funding round, pushing its valuation to $7.5 billion, almost double its previous $4 billion.

  • EU Suggests New Tech Sovereignty Rules To Enhance Chips, AI, And Cloud Services June 03, 2026 16:32 ET

    The European Commission has rolled out a wide-ranging set of proposals aimed at boosting Europe's tech independence. This move is all about ramping up local semiconductor production, AI capabilities, and cloud computing infrastructure, especially since there's increasing reliance on U.S. and Chinese tech.

  • U.S. Stocks Give Back Ground Following Recent Upward Trend June 03, 2026 16:14 ET

    Stocks moved mostly lower over the course of the trading session on Wednesday, giving back ground after trending higher over the past several sessions. The major averages all moved to the downside, with the Dow showing a notable slump.

  • Can Light Alcohol Consumption Still Increase Your Cancer Risk? June 03, 2026 15:30 ET

    A new study by researchers at the Institute for Health Metrics and Evaluation (IHME) at the University of Washington has provided one of the most detailed analyzes so far on how alcohol affects health. The researchers reviewed data from 843 studies published up to 2023 and used a special method that...

  • Major Surgery May Accelerate Memory Decline In Older Adults, Study Finds June 03, 2026 14:01 ET

    A recent study suggests that the effects of a major surgery may go beyond pain and mobility issues, potentially causing a decline in memory and thinking abilities. Researchers followed 560 adults aged over 70 who showed no signs of dementia before undergoing major surgeries such as hip replacements...

  • Bangla Foreign Minister Khalilur Rahman Elected As UN General Assembly President June 03, 2026 13:09 ET

    Bangladeshi Foreign Minister Khalilur Rahman has been elected as the President of the UN General Assembly's 81st session. He defeated Andreas Kakouris of Cyprus in a closely contested vote on Tuesday, positioning himself to steer the world body through a pivotal year marked by intensifying global crises, UN reform efforts and major leadership transitions. In a secret-ballot election, Rahman secur

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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