Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as surging crude oil prices led to a sustained acceleration in the pace of inflation and continued to drive global bond yields higher, increasing the possibility of an interest rate hike in the coming months to combat inflation. Asian markets closed mixed on Tuesday.
A federal jury in Oakland decided that Elon Musk took too long to take legal action against OpenAI and its CEO, Sam Altman, claiming that the organization had strayed from its original nonprofit goals.
Andrej Karpathy, a known figure in the field of artificial intelligence and a co-founder of OpenAI, has taken a position at Anthropic as the company ramps up its efforts in large language model research.
On May 19, Dunkin' is giving away 1 million free coffees to both customers and rewards members as part of a special one-day event.
Semiconductor company Analog Devices Inc. (ADI) on Tuesday announced an agreement to acquire Empower Semiconductor in an all-cash deal valued at $1.5 billion, expanding its high-density power management portfolio for AI infrastructure applications. The acquisition is aimed at strengthening Analog...
Capricorn Energy Plc. (CNE.L) Tuesday confirmed that it does not intend to make an offer for Deltic Energy Plc. (7RC0.F), a natural resources investing company. Capricorn Energy said it reserves the right to set the restrictions in Rule 2.8, if Petrogas International, a subsidiary of Mohammed Al...
IT and business consulting service firm CGI Inc. (GIB-A.TO) and Posti, a postal service and logistics company, on Tuesday said they have expanded their strategic partnership through a new eight-year agreement. The deal focuses on omnichannel communications solutions that combine digital and physical...
The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The benchmark lending rate (4.75 percent), deposit facility rate (3.75 percent) and lending facility rate (5.50 percent)...
The National Association of Realtors released a report on Tuesday showing pending home sales in the U.S. jumped by more than expected in the month of April. NAR said its pending home sales index shot up by 1.4 percent to 74.8 in April after surging by 1.7 percent to an upwardly revised 73.8 in March. Economists had expected pending home sales to increase by 0.9 percent.
Japan's gross domestic product expanded a seasonally adjusted 0.5 percent on quarter in the first quarter of 2026, the Cabinet Office said in Tuesday's preliminary reading. That beat expectations for a gain of 0.4 percent and was up from the downwardly revised 0.2 percent increase in the three months...
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 Thai Stock market has moved lower in three straight sessions, sinking more than 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,515-point plateau and it figures to remain stuck in neutral again on Wednesday. The global forecast for the Asian markets...
The Indonesia stock market has moved lower in six straight sessions, sinking almost 820 points or 11.5 percent in that span. The Jakarta Composite Index now rests just above the 6,370-point plateau and it's expected to open under water again on Wednesday. The global forecast for the Asian markets...
Stock of Onto Innovation Inc. (ONTO) is falling around 3 percent on Tuesday morning after the company announced the pricing of its private offering of $1.3 billion aggregate principal amount of Convertible Senior Notes due 2031. The company's stock is currently trading at $244.54, down 3.93 percent...
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 close to the flatline even as world markets brace for the developments related to the Middle East war.
President Donald Trump has announced an expansion of TrumpRx.gov to provide unprecedented price transparency and choice on generic medications that millions of Americans use every day. From now on, TrumpRx.gov will feature more than 600 generic medications. The White House said that Americans will be able to clearly and transparently understand the most competitive cash prices of their medicati
China will purchase U.S. agricultural products worth at least $17 billion annually for three years, and reopen its markets to some U.S. meat products as part of deals secured during President Donald Trump's recently concluded visit to Beijing, according to the White House. It revealed details of some agreements made between the two sides last week. Donald Trump, on the first visit by a US Presi
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
President Donald Trump said that he doesn't think about Americans' financial situation' when related to the Middle East war's impact on them, but more important is to make sure that Iran cannot have a nuclear weapon. Trump made the comment while responding to a question, to what extent "Americans' financial situations" were motivating him to make a deal with Iran to end the 10 weeks-old conflict
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.
After reporting a notable deterioration in U.S. homebuilder confidence in the previous month, the National Association of Home Builders released a report on Monday showing an unexpected improvement in homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index climbed to 37 in May after slumping to a seven-month low of 34 in April.
China's industrial production and retail sales logged weaker-than-expected growth in April, and investment shrunk signaling an economic slowdown in the second quarter as the ongoing Middle East conflict strain supply chains and push energy prices higher, official data revealed Monday. Industrial production rose 4.1 percent year-on-year in April, the National Bureau of Statistics reported.
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 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.
A new study by researchers from Harvard Pilgrim Health Care Institute, Boston University, Boston Medical Center, UMass Chan Medical School, and Brown University found that mental health concerns are being discussed more often during children's regular doctor visits. For the study, published in JAMA...
A new study published in the American Psychiatric Association journal suggested that giving a low dose of Buprenorphine after a single infusion of Ketamine helped reduce suicidal thoughts in adults with major depression for a longer time. The study included 50 adults with major depressive disorder...
A day after the World Health Organization declared the new Ebola outbreak in eastern Democratic Republic of the Congo an international emergency, top global disease transmission experts stressed that the chances of another global pandemic similar to the 2019 coronavirus emergency are increasing all the time. "The world is not safer from pandemics", said experts from the Global Preparedness Monito
Home improvement retailer Home Depot, Inc. reported Tuesday lower first-quarter earnings, hurt by higher expenses, even as net sales and comparable sales were higher. Further, the firm maintained fisca 2026 outlook. In pre-market activity on the NYSE, the shares were gaining around 0.7 percent
OpenAI is looking into its legal options against Apple Inc. (AAPL) after the integration of ChatGPT into Apple devices didn't boost visibility and subscriptions as hoped.
Lululemon Athletica Inc. (LULU) is urging its shareholders to turn down the board nominees put forward by founder Chip Wilson.
SpaceX is speeding up its plans for that long-anticipated initial public offering, and there's a chance it could start trading on the NASDAQ Composite as soon as June 12, under the ticker SPCX, as reported by Reuters.