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today's top stories

  • U.S. Stocks May Give Back Ground In Early Trading June 03, 2026 08:56 ET

    After inching higher over the past few sessions, stocks may give back some ground in early trading on Wednesday. The major index futures are currently pointing to a modestly lower open for the markets, with the S&P 500 futures down by 0.2 percent. Uncertainty about the situation in the Middle East...

  • CDC Warns Of Risks For People Travelling Abroad For Cosmetic Procedures June 03, 2026 08:48 ET

    A study published in CDC's Emerging Infectious Diseases journal Tuesday highlights a growing concern for adverse outcomes from patients who have traveled abroad to undergo cosmetic procedures. The findings underscore the need for patients considering medical procedures abroad to fully understand the...

  • Wall Street Poised To Open Broadly Down June 03, 2026 08:17 ET

    Latest developments show that there are no signs of ending the ongoing Middle East conflict as expected. The war is felt across the globe with price escalations and delay in supply chains. In the Asian trading hours, oil prices extended gains for a third consecutive session. Brent crude futures for...

  • American Families And Workers Claimed $82 Bln In Tax Relief: Treasury June 03, 2026 08:12 ET

    Through the April tax filing deadline, American families and Workers have claimed $82 billion in individual relief directly from the Working Families Tax Cuts, the Department of the Treasury's new analysis of this past tax filing season confirms. 97 percent of filers received a tax cut this past filing...

  • Trump Signs Order To Promote Advanced AI Innovation And Security June 03, 2026 07:56 ET

    President Donald Trump has signed an Executive Order to advance American artificial intelligence innovation to strengthen the nation's cybersecurity, protect critical infrastructure, and ensure the United States remains the global leader in AI innovation. The Order directs appropriate agencies to prioritize the cyber defense of National Security Systems, Department of War information systems, an

  • Inditex Stock Gains On Growth In Q1 Results, Q2-to-date Sales On Strong Demand June 03, 2026 07:48 ET

    Shares of Inditex - Industria de Diseño Textil SA were gaining around 4 percent in Spanish trading after the clothing major on Wednesday reported higher first-quarter results, as well as higher sales for the second quarter-to- date period on strong demand. Looking ahead for fiscal 2026, Zara owner said it expects a stable gross margin, plus or minus 50 basis points.

  • Kuwait Airport Hit By Iranian Drones As US Conducts New Strikes June 03, 2026 06:26 ET

    In one of the most serious violations of the ceasefire, Iran launched missiles at Kuwait and Bahrain and the United States conducted fresh attacks on Qeshm Island, calling it "self-defense strikes." A series of exchange of fire Tuesday night was apparently triggered by the US military using a Hellfire missile to hit an unladen oil tanker sailing toward an Iranian port on Kharg Island on the Arabi

  • Eurozone Private Sector Continues To Shrink June 03, 2026 06:10 ET

    The euro area private sector logged back-to-back contractions in May, marking its biggest fall in 18 months, final survey data from S&P Global showed Wednesday. The final composite output index dropped to 48.5 in May from 48.8 in April. A score below the threshold 50.0 indicates contraction. However, the score was above the flash estimate of 47.5.

  • European Shares Decline Amid Uncertainty Surrounding US-Iran Talks June 03, 2026 05:05 ET

    European stocks edged lower on Wednesday as renewed Middle East tensions continued to push oil prices higher, clouding the outlook for inflation and interest rates. Brent crude futures jumped nearly 3 percent toward $99 a barrel after the U.S. military said it had thwarted Iranian missile attacks...

  • European Shares Seen Tad Lower At Open June 03, 2026 01:41 ET

    European stocks are seen opening a tad lower on Wednesday as investors weigh AI optimism against mounting economic concerns. Markets now see an ECB rate hike next week after Eurozone inflation rose to the highest since 2023 in May, driven by energy and services. In a speech prepared for the University...

  • Top Biotech Gainers: PMI Advances Artificial Heart, CUE Makes Board Changes, CING Up Despite CRL June 02, 2026 22:11 ET

    Tuesday's top gainers in the healthcare sector included Bluejay Diagnostics, which inked a strategic partnership with Argonaut; Picard Medical, which is advancing its next-generation Emperor Total Artificial Heart; and Cingulate, which rallied despite a regulatory setback, among others.

  • Anthropic Boosts Project Glasswing To 150 Organizations In 15 Countries June 02, 2026 18:02 ET

    Anthropic has announced a major expansion of Project Glasswing, its program focused on using AI to identify and address significant software vulnerabilities.

  • Alphabet Plans To Raise $80 Bln For AI Expansion June 02, 2026 18:01 ET

    Alphabet Inc. (GOOG) has revealed that it intends to raise $80 billion by selling stocks and attracting private investments to build out its artificial intelligence infrastructure.

  • U.S. Stocks Finish With Modest Gains June 02, 2026 16:25 ET

    Wall Street was able to shake off early weakness and find modest gains on Tuesday, with each of the three major averages hitting record closing highs for the third day in a row. The Dow added 228.91 points or 0.45 percent to finish at 51,307.79, while the NASDAQ rose 7.09 points or 003 percent to...

  • U.S. Stocks Showing Modest Move To The Upside June 02, 2026 11:06 ET

    Stocks continue to show a lack of direction during trading on Tuesday but have maintained the positive bias seen over the two previous sessions. While buying interest seems somewhat subdued, the major averages have all moved to the upside on the day. Currently, the major averages are posting modest...

Global Economics Weekly Update -May 18 – May 22, 2026

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.

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