LOGO
LOGO

today's top stories

  • Reddit Launches Video Comments To Enhance Engagement June 12, 2026 17:43 ET

    Reddit has introduced a new feature that lets users post videos right in the comment sections, opening up even more ways for everyone to join in on discussions throughout the platform.

  • Appeals Court Upholds Sam Bankman-Fried Fraud Conviction, Dashing Bid For New Trial June 12, 2026 17:05 ET

    Sam Bankman-Fried, the former head of FTX, just hit a big legal roadblock. A federal appeals court decided to uphold his fraud conviction, keeping his 25-year prison sentence for his part in the collapse of the cryptocurrency exchange.

  • U.S. Stocks Extend Yesterday's Rally On U.S.-Iran Deal Optimism June 12, 2026 16:13 ET

    Following the rally seen over the course of the previous session, stocks saw further upside during trading on Friday. The major averages fluctuated early in the session but spent most of the day in positive territory.

  • New Study Reveals How Socioeconomic Conditions Affect Brain Function Of Children June 12, 2026 14:01 ET

    A child's family income and the neighborhood they grow up in may play a much bigger role in brain development than previously believed, according to a new study published in Science. Researchers at Washington University in the United States analyzed brain scans from nearly 12,000 children aged 9 to...

  • Social Anxiety Cases Surge 71% In Canada Since 2002, New Research Shows June 12, 2026 13:39 ET

    A new Canadian study has found that social anxiety disorder (SAD) affects nearly one in seven adults, making it one of the country's most common mental health conditions. The findings, published in Psychiatry Research, showed that the number of people experiencing social anxiety has increased by 71%...

  • U.S. Stocks Lack Direction Amid Focus On Iran, SpaceX Debut June 12, 2026 12:17 ET

    Stocks have shown a lack of direction over the course of the trading day on Friday, with the major averages bouncing back and forth across the unchanged line after ending the previous session sharply higher. Currently, the major averages are turning in a mixed performance on the day.

  • Weekly Buzz: GH, LLY Gain FDA Nod; TEVA, GSK, Lead M&A Wave; ZEAL, LLY Post Strong Data June 12, 2026 11:36 ET

    This week, the biotech sector saw a surge of FDA, EU, and China approvals spanning oncology, dermatology, autoimmune and rare disease indications. Strategic acquisitions and licensing deals drove pipeline expansion, while positive clinical readouts in obesity, MASLD, and autoimmune disorders reinforced...

  • U.S. Consumer Sentiment Rebounds From Record Low In June June 12, 2026 10:33 ET

    With consumers experiencing some relief due to the early-month easing in gasoline prices, the University of Michigan released a report on Friday showing a bigger than expected rebound in U.S. consumer sentiment in the month of June. The University of Michigan said its consumer sentiment index jumped to 48.9 in June after slumping to 44.8 in May. Economists had expected the index to rise to 46.0.

  • U.S. Stocks May See Further Upside On U.S.-Iran Deal Optimism June 12, 2026 08:51 ET

    Following the rally seen over the course of the previous session, stocks are likely to see further 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 0.3 percent. Optimism about an end to the conflict in...

  • Trump Signs Proclamation Restoring Commercial Fishing In The Pacific June 12, 2026 08:41 ET

    President Donald Trump has signed a proclamation to restore commercial fishing access to nearly half a million square miles in the Pacific. The proclamation restores commercial fishing access to the Mau and Ho'omalu Zones of the Papahanaumokuakea Marine National Monument, the Islands Unit of the Mariana Trench Marine National Monument, and the Rose Atoll Marine National Monument. Prohibiting co

  • SpaceX Raises $75 Bln In IPO, Turning Musk First Trillionaire June 12, 2026 08:31 ET

    The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.

  • Futures Suggest Wall Street To Open Significantly Up June 12, 2026 08:12 ET

    Citing negotiations, President Donald Trump once again called off cancelled strikes on Iran. However, Iran has not responded to it and insisted that no final decision has been made. Early signs from the U.S. Futures Index suggest that Wall Street might open significantly up on Friday. In the Asian...

  • Spain's Football Prodigy Lamine Yamal Named UNICEF Goodwill Ambassador June 12, 2026 07:49 ET

    As the World Cup football championship got off to a start Thursday, UNICEF announced that Spain's teenage superstar Lamine Yamal has been made its youngest-ever Goodwill Ambassador, focusing on children's right to play and supporting those living in humanitarian emergencies, such as conflict or natural...

  • State Dept Signs MOU With Starlink To Use Satellite For Critical Disaster Response June 12, 2026 07:34 ET

    The U.S. Department of State and Starlink have signed a Memorandum of Understanding to enhance international disaster preparedness and U.S. humanitarian response efforts worldwide. The two-year MOU leverages Starlink's low-Earth orbit satellite technology, an American innovation, to restore critical...

  • U.K. Economy Shrinks For First Time Since August June 12, 2026 07:33 ET

    The U.K. economy contracted for the first time since August last year as the U.S.-Iran war has started to take its toll on business activity, official data showed Friday. Real gross domestic product decreased 0.1 percent in April, in contrast to a 0.3 percent expansion in March, the Office for National Statistics reported. This was the first monthly fall since August 2025.

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.