The U.S. Defense Department said it is tracking a suspected Chinese high-altitude surveillance balloon that has been flying over the United States for past few days.
"The United States government has detected and is tracking a high-altitude surveillance balloon that is over the continental United States right now," Pentagon Press Secretary Air Force Brig. Gen. Pat Ryder said during an impromptu briefing.
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.