U.K. consumer price inflation eased more than expected in April reflecting the fall in energy bills due to the price cap but the slowdown is expected to be temporary given the spike in oil prices amid the ongoing war in the Middle East. Consumer price inflation slowed to 2.8 percent in April from 3.3 percent in March, the Office for National Statistics said Wednesday.
Stocks may move to the upside in early trading on Wednesday, regaining ground following the weakness seen in the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.5 percent. Early buying interest may be generated in...
Investors are awaiting Nvidia's upcoming earnings on Wednesday. Early signs from the U.S. Futures Index suggest that Wall Street might open slightly up. In the Asian trading session, oil prices were sharply lower. Gold prices were little changed. Spot gold was steady at $4,482.58 an ounce. As...
The UN Security Council met in an emergency session in New York to discuss the situation in the Middle East following reports of a drone strike near the Barakah Nuclear Power Plant in the United Arab Emirates. IAEA Director General Rafael Mariano Grossi briefed members as concerns grow over nuclear safety...
The Chinese government has confirmed the purchase of 200 American-made Boeing aircraft for Chinese airlines. This was part of many deals secured during President Donald Trump's recently concluded visit to Beijing. The Chinese Commerce Ministry said on Wednesday that the U.S. will guarantee the supply of aircraft engine parts and components. The White House had said earlier this week that a tra
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.
Taiwan Travelogue, a novel by Taiwanese writer Yang Shuang-zi about forbidden love and Taiwanese food, has won the International Booker Prize 2026. Taiwan Travelogue is the first book translated from Mandarin Chinese to English to win the the prestigious award. The International Booker Prize recognizes the vital work of translation, with the 50,000 pound prize money divided equally between the a
European stocks were modestly higher in cautious trade on Wednesday, with Middle East tensions, upcoming Nvidia earnings and regional inflation data in focus. Bond remained under pressure as money markets factor in interest rate hikes from the European Central Bank and the Federal Reserve before...
As hedge fund tycoon George Soros once said, "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." The following biotech stocks were among the top gainers in Tuesday's trading session.
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.
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.
European stocks may open on a sluggish note Wednesday, with Middle East tensions and upcoming Nvidia earnings likely to be in focus. After pausing military action to allow diplomacy, U.S. President Donald Trump said the United States could strike Iran within days if ongoing negotiations fail. Trump...
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.
On May 19, Dunkin' is giving away 1 million free coffees to both customers and rewards members as part of a special one-day event.
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.