Stocks have moved notably lower during trading on Friday, with the major averages all moving to the downside after ending the previous session mixed. The tech-heavy Nasdaq has shown a particularly steep drop. Currently, the major averages are off their worst levels but still firmly negative.
This week, the biotech sector saw a wave of regulatory approvals in the U.S., alongside study halts, strategic collaborations, acquisitions, deal closures, and encouraging data readouts. Positive clinical study data readouts spanned multiple therapeutic areas, including Breast Cancer, Tumour-related...
Artificial Intelligence is not only responsible for worrying amounts of earth-warming greenhouse gases: the technology's environmental footprint is also expanding at a pace that could strain the planet's natural resources, according to a new UN study. Data centers, the global infrastructure powering AI, could consume 945 terawatt-hours of electricity annually by 2030 - nearly triple the combined
Employment in the U.S. jumped by much more than expected in the month of May, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 172,000 jobs in May after surging by an upwardly revised 179,000 jobs in April.
Stocks may come under pressure in early trading on Friday amid continued weakness in the tech sector. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.6 percent. Extended weakness among chip stocks may weigh on Wall Street, as reflected...
Uncertainty continue to linger over U.S.-Iran peace negotiations and the stakeholders are not hopeful of settling the Middle East conflict immediately. Early signs from the U.S. Futures Index suggest that Wall Street might open broadly down on Friday. In the Asian trade session, the dollar held steady....
The euro area economy contracted for the first time in more than three years in the first quarter, in contrast to the earlier estimates, dragged down by the massive slump in Ireland, official data revealed Friday. Gross domestic product shrank 0.2 percent on a quarterly basis, offsetting the 0.2 percent growth seen in the fourth quarter, latest data from the statistical office Eurostat showed.
U.S. Transportation Secretary Sean P. Duffy has directed the Federal Transit Administration to launch an investigation of Atlanta's Metropolitan Atlanta Rapid Transit Authority, or MARTA. The investigation will review the transit agency's security spending, safety protocols, and risks to riders and workers. The...
NASA satellite images show that mangrove forests, which protect shorelines, support coastal ecosystems, and store large amounts of carbon along saltwater coasts, are more resilient than scientists once believed. Four decades of Landsat observations reveal that mangrove forest coverage shifted from long-term...
A "fundamentally new" type of vaccine, developed using artificial intelligence for the first time in the world, has the potential to act against a variety of viruses and protect the world from future pandemic outbreaks, say researchers. A Cambridge-led team has developed a way to engineer better vaccines that could provide broad protection from thousands of variants of viruses - such as coronavir
The U.S. House of Representatives has passed with the support of 18 Republican lawmakers a sweeping legislation that includes major Ukraine aid and Russia sanctions package. The Ukraine Support Act authorizes $1.3 billion in security assistance to Ukraine, $8 billion in arms sales, and imposes broad, sweeping new oil and gas sanctions against Russia. The first major Ukraine-assistance package fr
The leaders of Hezbollah's military wing have reportedly rejected a US-led ceasefire renewal agreement between Lebanon and Israel, calling it "futile." In a statement issued on Thursday, the Iran-backed Lebanese militant group's leader Naim Qassem said "broad segments of the Lebanese people" have...
European stocks were mixed in cautious trade on Friday as a global rally in artificial intelligence-related stocks fizzled out and investors kept a wary eye on the latest developments in the Middle East. Hezbollah has rejected a new ceasefire agreement with Israel, and the Israel Defense Forces (IDF)...
Retailer Target Corp. is recalling select Up & Up Baby Wipes, due to potential microbial contamination, according to the U.S. Food and Drug Administration. The recall involves Up & Up FragranceFree Baby Wipes and Up & Up Fresh Cucumber Scented Baby Wipes with various counts and UPC numbers. The impacted wipes were manufactured by a supplier, Sapro Temizlik Urunleri, and sold at Target stores...
European stocks are seen opening broadly lower on Friday as AI-driven rally that boosted stocks earlier this week fizzled out and the U.S.-Iran-Israel conflict remained unresolved, despite the ceasefire and diplomacy. U.S. stock index futures edged lower ahead of the nonfarm payrolls report later...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.