Even as U.S. President Donald Trump says a ceasefire with Iran still holds, both sides exchanged fire in the Strait of Hormuz Thursday.
U.S. Central Command said its forces intercepted unprovoked Iranian attacks and responded with self-defense strikes as three U.S. Navy guided-missile destroyers transited the Strait of Hormuz to the Gulf of Oman.
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Business 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.