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today's top stories

  • OpenAI Considers Legal Action Against Apple Over ChatGPT Integration May 18, 2026 18:20 ET

    OpenAI is looking into its legal options against Apple Inc. (AAPL) after the integration of ChatGPT into Apple devices didn't boost visibility and subscriptions as hoped.

  • Lululemon Urges Shareholders To Reject Chip Wilson's Board Nominees May 18, 2026 17:21 ET

    Lululemon Athletica Inc. (LULU) is urging its shareholders to turn down the board nominees put forward by founder Chip Wilson.

  • SpaceX Accelerates IPO Plans, Targets June Nasdaq Debut May 18, 2026 16:44 ET

    SpaceX is speeding up its plans for that long-anticipated initial public offering, and there's a chance it could start trading on the NASDAQ Composite as soon as June 12, under the ticker SPCX, as reported by Reuters.

  • Nasdaq Sees Further Downside But Dow Closes Moderately Higher May 18, 2026 16:10 ET

    Following the sharp pullback seen during last Friday's session, stocks saw continued weakness throughout much of the trading day on Monday but managed to regain some ground going into the end of the session. The major averages climbed well off their worst levels of the day, with the Dow reaching positive territory.

  • Eating Watermelon May Help Support Heart Health, Studies Suggest May 18, 2026 14:11 ET

    Studies published in Nutrients suggest that people who regularly eat watermelon may have healthier diets and better heart health. One study looked at information from a large US health survey called the National Health and Nutrition Examination Survey (NHANES). In this 2022 study, researchers compared...

  • Six Americans Reportedly Face High-Risk Ebola Exposure During Congo Outbreak May 18, 2026 12:54 ET

    At least 100 people have died in an Ebola outbreak in the Democratic Republic of Congo (DRC), with more than 390 suspected cases reported so far, according to the head of the Africa Centres for Disease Control and Prevention (Africa CDC). Health officials warn that the outbreak is spreading rapidly...

  • U.S. Stocks Moving Lower As Crude Oil, Treasury Yields See Further Upside May 18, 2026 11:15 ET

    Stocks have moved modestly lower during trading on Monday, adding to the steep losses posted during last Friday's session. The major averages have all moved to the downside, with the Nasdaq and S&P 500 pulling back further off their record highs.

  • U.S. Homebuilder Confidence Unexpectedly Rebounds In May May 18, 2026 10:33 ET

    After reporting a notable deterioration in U.S. homebuilder confidence in the previous month, the National Association of Home Builders released a report on Monday showing an unexpected improvement in homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index climbed to 37 in May after slumping to a seven-month low of 34 in April.

  • Ford Carrier Strike Group Awarded Presidential Unit Citation After Historic Cruise May 18, 2026 10:27 ET

    USS Gerald R. Ford Carrier Strike Group 12 has been awarded the Presidential Unit Citation for the group's actions during their record-setting, multi-month deployment. This was announced by Secretary of War Pete Hegseth who was on hand with his wife and senior Navy leaders at Naval Station Norfolk,...

  • Newborn Screening For SCID (AKA 'Bubble Boy Disease') Streamlined In Seven-Year Study May 18, 2026 09:34 ET

    A recent study conducted over seven years has streamlined the testing and diagnosis of newborns with severe combined immunodeficiency (SCID), facilitating early intervention and treatment of infants before the development of symptoms. The U.S. National Institute of Health (NIH) defines SCID as a rare...

  • China To Buy $17 Bln Worth Of US Agricultural Products Annually: White House May 18, 2026 09:03 ET

    China will purchase U.S. agricultural products worth at least $17 billion annually for three years, and reopen its markets to some U.S. meat products as part of deals secured during President Donald Trump's recently concluded visit to Beijing, according to the White House. It revealed details of some agreements made between the two sides last week. Donald Trump, on the first visit by a US Presi

  • Futures Pointing To Slightly Lower Open On Wall Street May 18, 2026 08:48 ET

    Stocks may move to the downside in early trading on Monday, extending the sharp pullback seen during last Friday's session. The major index futures are currently pointing to a slightly lower open for the markets, with the S&P 500 futures down by 0.1 percent. Lingering concerns about the conflict in...

  • Newborn Screening For SCID (AKA 'Bubble Boy Disease') Streamlined In Seven-Year Study May 18, 2026 08:08 ET

    A recent study conducted over seven years has streamlined the testing and diagnosis of newborns with severe combined immunodeficiency (SCID), facilitating early intervention and treatment of infants before the development of symptoms. The U.S. National Institute of Health (NIH) defines SCID as a rare...

  • Futures Point To Lower Open For Wall Street May 18, 2026 08:06 ET

    Early cues from the U.S. Futures Index suggest that Wall Street might open lower on Monday. President Donald Trump continued his threat against Iran and the Middle East conflict is still driving investor sentiments. Oil prices spiked, Brent crude futures held above $110 a barrel, while gold edged...

  • Trump Warns Iran 'clock Is Ticking' May 18, 2026 08:03 ET

    President Donald Trump has renewed the threat to resume military attacks against Iran by saying that the regime is running out of time to reach an agreement in line with what the United States proposed. "For Iran, the clock is ticking, and they better get moving, fast, or there won't be anything left of them," Trump wrote on Truth Social platform on Sunday, as Middle East peace talks remained stal

Global Economics Weekly Update: May 11 – May 15, 2026

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.

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