In recent interview with CNBC, Jeff Bezos took the opportunity to stand up for wealthy Americans, express his support for artificial intelligence, and suggest that income taxes for the lowest earners in the U.S. should be eliminated.
James Murdoch is making a significant move in the U.S. media landscape by investing in Vox Media, grabbing most of the company's main editorial assets through his firm, Lupa Systems.
At Google I/O 2026, Alphabet Inc. (GOOG), rolled out a bold range of AI enhancements for its Search engine, showcasing more advanced AI models, self-sufficient search agents, and tailored mini apps meant to tackle complex tasks.
People who are less physically fit may need to exercise 30 to 50 minutes more each week than fitter people to get the same heart health benefits, according to a new study. To reach this conclusion, researchers studied data from more than 17,000 adults in the UK between the ages of 40 and 69. The participants...
Financial software company Intuit Inc. (INTU) is reportedly laying off about 3,000 employees, or roughly 17% of its global workforce. According to an internal memo obtained by Reuters, the layoffs are part of a restructuring aimed at simplifying operations and accelerating its artificial intelligence...
City Developments Limited (CDEVY) on Wednesday said its Singapore property development business remained resilient in the first quarter of 2026, although sales declined from the prior year due to fewer large-scale project launches. In Singapore, the group and its joint venture associates sold 242...
Shares of TJX Companies, Inc. were gaining around 4 percent in the pre-market activity after the off-price apparel and home fashions retailer on Wednesday issued positive outlook for second quarter and raised fiscal 2027 view, after reporting strong Q1 results. Further, the firm raised its range for share repurchases to $2.75 billion to $3.0 billion of TJX stock during Fiscal 2027.
Australia will on Thursday release April numbers for unemployment, highlighting a bust day for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 4.3 percent, with the addition of 16,700 jobs following the increase of 17,900 jobs in March. The participation rate is also...
Producer prices in South Korea climbed 2.5 percent on month in April, the Bank of Korea said on Thursday - up from 1.7 percent in March. Individually, prices for agricultural, forestry and marine products slipped 1.0 percent on month, while manufacturing products jumped 4.4 percent, utilities rose...
While the Federal Reserve's decision to once again leave interest rates unchanged last month was widely anticipated, the vote on the decision and the accompanying statement was unusually divided. The minutes of the Fed's April 28-29, released Wednesday afternoon, provided some additional details about officials' mixed views about the outlook for rates.
The U.S. Department of State has issued updated Level 4 travel advisories for all three countries affected by the recent Ebola outbreak. It warned American citizens or permanent residents not travel to the Democratic Republic of the Congo, Uganda, or South Sudan for any reason. Americans have been urged to remain vigilant of CDC guidelines on isolation and quarantine if they are departing the reg
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
Stocks moved sharply higher over the course of the trading day on Wednesday, regaining ground after trending lower over the past few sessions. The major averages all showed strong moves to the upside on the day.
European stocks closed higher on Wednesday as hopes of a potential U.S.-Iran peace deal helped offset concerns about economic growth and prompted investors to indulge in some buying. Data showing a bigger than expected drop in UK inflation contributed as well to the positive sentiment.
Asian stocks tumbled on Wednesday as oil prices remained elevated on Hormuz concerns and global bond yields hit multi-year highs, raising concerns about inflation, interest rates and economic growth. Investors also awaited Nvidia's upcoming earnings and forward guidance for fresh clues on the strength...
Talen Energy Corporation (TLN) shares climbed 9.04 percent to $343.02, up $28.45 on Wednesday, after the independent power producer announced the appointment of Daniel Kelly as General Counsel and Corporate Secretary.
Canadian stocks surged on Wednesday as U.S.-Iran peace talks progressed with high momentum, easing concerns of inflation and raising optimism on the reopening of the Strait of Hormuz.
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.
A mildly positive sentiment prevails in the cryptocurrency markets ahead of the release of the FOMC minutes as well as earnings update from AI giant NVIDIA.
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
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.
Bank Indonesia raised its benchmark interest rates by a larger-than-expected half percentage points on Wednesday, as it struggles to stabilize the rupiah exchange rate amid geopolitical tensions. The board of governors, governed by Perry Warjiyo, decided to hike the BI rate by 50 basis points to 5.25 percent.
Consumer and producer prices reports from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for April. Consumer price inflation is forecast to ease to 3.0 percent in April from 3.3 percent in March.
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.
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.
Research from Oregon Health & Science University (OHSU) showed that abortion bans in some states led to fewer women getting the recommended medical treatment for miscarriages. During the study, published in JAMA, researchers at OHSU noticed that doctors were using less medication treatment and more...
A fast-spreading Ebola outbreak in the Democratic Republic of the Congo has forced health workers rushing to stop transmission, while the rollout of any potential vaccine is months away, the World Health Organization said on Tuesday. A WHO representative has said that Ervebo, a vaccine against the Zaire Ebola virus, is under consideration to stop the transmission of the current outbreak, but "it
Samsung Electronics Co., Ltd. (SSNLF, 005930.KS, SMSN.L, 005935.KS) and Google unveiled AI-powered eyewear developed with fashion brands Gentle Monster and Warby Parker, marking the companies' first joint entry into the smart glasses market.
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.