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today's top stories

  • Whoop Expands Into AI-Driven Health Services With In-App Medical Consultations May 08, 2026 17:21 ET

    Whoop is rolling out a new feature that lets U.S. users access licensed clinicians directly through their app, marking a significant step into personalized digital healthcare for the wearable fitness brand.

  • U.S. Stocks Reach New Record Highs Following Upbeat Jobs Data May 08, 2026 16:15 ET

    Following the pullback seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The tech-heavy Nasdaq led the way higher and reached a new record closing high along with the S&P 500.

  • Spirit Airlines Shuts Down Operations After Bankruptcy And Failed Rescue Talks May 08, 2026 16:01 ET

    Spirit Airlines has ceased operations and begun an orderly shutdown after failing to secure a last-minute rescue package, marking the first collapse of a major U.S. airline due to financial problems in 25 years.

  • European Airlines Look To U.S. Jet Fuel To Mitigate Supply Issues May 08, 2026 15:59 ET

    European aviation officials and airline groups are considering using U.S. grade jet fuel to help avoid potential fuel shortages that could arise from the ongoing U.S.-Israel conflict with Iran.

  • Eating Eggs May Lower Alzheimer's Risk, Study Finds May 08, 2026 14:24 ET

    Researchers at Loma Linda University Health found that eating eggs may help lower the risk of Alzheimer's disease in adults aged 65 and older. The researchers used data from the Adventist Health Study-2, which includes health and diet information from more than 96,000 people. For this study, they...

  • New Study Reveals Growing Challenges Of Middle Age In US May 08, 2026 13:25 ET

    New research led by psychologist Frank Infurna revealed that middle age has become harder in the United States compared to other rich countries. The study, which looked at survey data from 17 countries, found that Americans born in the 1960s and early 1970s feel lonelier and more depressed than older...

  • U.S. Wholesale Inventories Jump Slightly Less Than Expected In March May 08, 2026 11:24 ET

    The Commerce Department released a report on Friday showing a sharp increase in U.S. wholesale inventories in the month of March. The report said wholesale inventories shot up by 1.3 percent in March after climbing by an upwardly revised 0.9 percent in February.

  • Upbeat Jobs Data Contributing To Strength On Wall Street May 08, 2026 11:18 ET

    Stocks have moved mostly higher during trading on Friday, more than offsetting the pullback seen over the course of the previous session. The tech-heavy Nasdaq has led the way higher, reaching a new record intraday high along with the S&P 500. Currently, the Nasdaq and the S&P 500 are hovering near their best levels of the day.

  • U.S. Consumer Sentiment Index Dips To New Record Low In May May 08, 2026 10:53 ET

    Consumer sentiment in the U.S. has deteriorated by more than anticipated in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 48.2 in May from 49.8 in April. Economists had expected the index to edge down to 49.3.

  • Healing From The Inside Out: How Childhood Experiences Shape Mental Health Across A Lifetime May 08, 2026 10:34 ET

    A new study published in Psychiatric Quarterly suggests that the emotional echoes of childhood- both good and bad- may play a far more powerful role in shaping mental health than previously understood.

  • U.S. Employment Jumps By 115,000 Jobs In April, Much More Than Expected May 08, 2026 09:51 ET

    A closely watched report released by the Labor Department on Friday showed much stronger than expected U.S. job growth in the month of April. The Labor Department said non-farm payroll employment shot up by 115,000 jobs in April after surging by an upwardly revised 185,000 jobs in March. Economists had expected employment to climb by 63,000 jobs.

  • U.S. Stocks May See Early Strength Following Upbeat Jobs Data May 08, 2026 08:50 ET

    Following the pullback seen over the course of the previous session, stocks may move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 percent. The futures climbed more firmly into positive...

  • Wall Street Might Open Moderately Up, Despite Renewed Tensions In Middle East May 08, 2026 08:28 ET

    The renewed tensions between US and Iran in the Middle East might be influencing investor sentiments on Friday, however, Wall Street might open moderately up. U.S. President Donald Trump asked to continue the ceasefire, while Iran reportedly activated its air defense systems, raising concerns in the...

  • EU Awards EUR1 Bln To European Hydrogen Projects To Expedite Clean Transition May 08, 2026 07:44 ET

    The European Commission has selected 9 hydrogen production projects under the third auction of the European Hydrogen Bank, or EHB. Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce more than 1.3 million tons of hydrogen over their first 10 years of operation. This is estimated o avoid greenhouse g

  • 6.42 Mln Doses Of Illicit Medicines Seized In Global Crackdown May 08, 2026 07:17 ET

    A total of 6.42 million doses of unapproved and counterfeit pharmaceuticals worth $15.5 million have been seized in a global crackdown. Operation Pangea XVIII, coordinated by Interpol across 90 countries during March 10 - 23, led to 269 arrests and the dismantling of 66 criminal groups involved in the illicit pharmaceutical trade. Law enforcement agencies worldwide launched 392 investigations an

Global Economics Weekly Update - May 04 – May 08, 2026

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.

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