Asian markets are mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as traders remain concerned about surging crude oil prices and rising global bond yields. They also remain concerned if the fragile U.S.-Iran truce would hold while the U.S and Iran continue talks to end the war in the Middle East even as both factions rejected each other's peace proposals.
OpenAI is said to be thinking about taking legal action against Apple Inc. (AAPL), claiming that the iPhone rollout of ChatGPT hasn't met expectations, as reported by Bloomberg.
Anthropic clarified that its Claude chatbot's habit of telling users to "get some sleep" or "go rest" is more of a quirky behavior than a built-in feature.
Following the strength seen in the previous session, stocks pulled back sharply over the course of the trading day on Friday. The major averages all showed significant moves to the downside on the day. The major averages finished the day off their lows of the session but still firmly negative.
Shares of Baidu Inc. were gaining around 4 percent in the pre-market activity on Nasdaq after the Chinese AI and internet company Monday reported significantly higher revenues in Core AI-powered Business in its first quarter and projected AI growth ahead, even as net profit and total revenues dropped from last year.
Baidu.com Inc. (BIDU), a Chinese AI and internet company, reported Monday lower profit in first quarter hurt by weak revenues. Looking ahead, Robin Li, Co-founder and CEO of Baidu, said, "We see AI driving even greater value for Baidu in the quarters ahead." In pre-market activity on Nasdaq, the...
Capita plc (CPI.L), a business process services provider, on Monday said adjusted group revenue for the four months ended April 30, 2026 rose 2.9% from a year earlier, in line with its expectations, mainly driven by growth in its public service business. Capita Public Service, which accounts for 81%...
Thailand's economy grew more than expected in the first quarter, underpinned by resilient domestic demand and strong exports, while regional peers reported weaker growth due to the impact of the war in the Middle East. Gross domestic product logged an annual growth of 2.8 percent in the first quarter, the National Economic and Social Development Council said Monday.
The services sector in New Zealand continued to contract in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9. That's up from the upwardly revised 46.2 (originally 46.0), although it remains beneath the boom-or-bust...
China is scheduled to release a raft of data on Monday, headlining a modest day for Asia-Pacific economic news. On tap are April figures for industrial production, retail sales, fixed asset investment and unemployment. Industrial production is expected to rise 5.9 percent on year, up from 5.7 percent...
The United States announced that in partnership with Venezuela and the United Kingdom and with technical support from the International Atomic Energy Agency, it has successfully removed excess highly enriched uranium from Venezuela's shuttered RV-1 research reactor. The RV-1 was the country's first and only nuclear reactor, originally built for peaceful scientific research and later repurposed
The Trump Administration is intensifying pressure on Iran's Islamic Revolutionary Guard Corps by targeting the financial networks that enable its illicit oil operations. Monday, the Department of the Treasury's Office of Foreign Assets Control imposed sanctions on a network involved in selling and shipping Iranian oil to overseas buyers, including China, on behalf of IRGC, and three senior offici
The United States has boycotted the International Migration Review Forum and announced that it will not support the May 8 "progress" declaration. The United States has persistently objected to the United Nations' efforts to advocate and facilitate replacement immigration in the country and across...
European stocks were mixed in cautious trade on Monday as investors remained focused on escalating tensions in the Middle East. G7 finance minister are gathering in Paris today and tomorrow to discuss global economic imbalances as geopolitical differences threaten to test the group's cohesion. Eurozone...
Asian shares ended broadly lower on Monday as oil and global bond yields spiked amid rising U.S.-Iran tensions. A raft of Chinese data signaling slowing economic momentum in April also kept investors on edge. Amid stalled peace talks, U.S. President Donald Trump has warned Iran the "clock is ticking"...
European stocks may tumble at open on Monday as investors keep a wary eye on the U.S.-Iran war and await quarterly results from Nvidia and major U.S. retailers for direction. Nvidia and Target are scheduled to report their earnings on Wednesday, while Walmart will publish its results on Thursday....
After a weak start, the UK stock market's benchmark index FTSE 100 edged above the flat line Monday morning. Rising U.S.-Iran tensions, and concerns on the political front bank home rendered the mood cautions.
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.
Cryptocurrencies are trading with overnight losses of more than a percent amidst a weak global market sentiment overwhelmed by worries about inflation and interest rate hikes.
President Donald Trump has described the talks with his Chinese counterpart Xi Jinping as "great". Trump's response to reporters' questions after a nearly two-hour long high-stakes meeting at the Great Hall of the People in Beijing on Thursday was limited. The White House said "The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy." U.S. media repor
The May FDA calendar appears relatively light. The upcoming regulatory milestones include a potential label expansion of argenx SE's VYVGART, and an additional indication for Daiichi Sankyo Company and AstraZeneca plc's cancer therapy Enhertu, among others.
The Federal Reserve released a report on Friday showing industrial production in the U.S. rebounded by much more than anticipated in the month of April. The report said industrial production climbed by 0.7 percent in April after falling by a revised 0.3 percent in March. Economists had expected industrial production to rise by 0.3 percent.
New York manufacturing activity grew strongly in the month of May, the Federal Reserve Bank of New York said in a report released on Friday. The New York Fed said its general business conditions index shot up to 19.6 in May from 11.0 in April, with a positive reading indicating growth. The increase surprised economists, who had expected the index to pull back to 7.8.
Malaysia's economy expanded at a faster than estimated pace in the first quarter, underpinned by household spending and investment, data from the Department of Statistics showed Friday. Gross domestic product logged an annual growth of 5.4 percent, which was revised up from the initial estimate of 5.3 percent. This followed a revised 6.2 percent expansion in the fourth quarter of 2025.
Partly reflecting a jump in wholesale inventories, the Commerce Department released a report on Thursday showing U.S. business inventories increased by slightly more than expected in the month of March. The report said business inventories climbed by 0.9 percent in March after rising by 0.4 percent in February. Economists had expected business inventories to grow by 0.8 percent.
Salmonella outbreaks linked to backyard poultry across 18 new states in the U.S. have sickened 150 more people. With this, the total count of infections rose to to 184, Centers for Disease Control and Prevention said. This includes 53 hospitalizations and one death in a person from Washington state. Over...
The Centers for Disease Control and Prevention has said that currently 41 people across the U.S. are under monitoring for suspected hantavirus infection. They include passengers who were recently repatriated from the hantavirus-hit cruise ship MV Hondius in Tenerife, and are now in ASPR Regional Emerging...
Oklahoma is set to require manufacturers and distributors of medical cannabis to get registered with the U.S. Drug Enforcement Administration if they want to keep their state permits, starting in 2027.
A new study published in Nature Mental Health found that people who use both cannabis and tobacco may face a higher risk of developing serious mental health conditions such as schizophrenia, especially if they are already considered at risk for psychosis. Researchers from Vanderbilt Health studied...
Starbucks Corp. (SBUX) has announced it will be cutting 300 corporate jobs in the U.S. and shutting down some regional support offices. This move is part of CEO Brian Niccol's ongoing efforts to turn the company around.
World Bright International Limited is recalling around 18,500 Agio Menlo Woven Patio Swings after receiving reports that the seat can come loose from the frame while in use, posing a risk of serious injury or even death.
ZWILLING J.A. Henckels is recalling approximately 113,440 ENFINIGY electric kettles in the U.S. because the handles can loosen and detach, which could lead to hot water spilling and serious burns.
Instagram run by Meta Platforms Inc. (META) has introduced a new feature called Instants, which lets you share photos that disappear after being sent to selected contacts right after you take them.