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today's top stories

  • U.S. Stocks May See Further Upside On U.S.-Iran Deal Optimism June 12, 2026 08:51 ET

    Following the rally seen over the course of the previous session, stocks are likely to see further 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 0.3 percent. Optimism about an end to the conflict in...

  • Trump Signs Proclamation Restoring Commercial Fishing In The Pacific June 12, 2026 08:41 ET

    President Donald Trump has signed a proclamation to restore commercial fishing access to nearly half a million square miles in the Pacific. The proclamation restores commercial fishing access to the Mau and Ho'omalu Zones of the Papahanaumokuakea Marine National Monument, the Islands Unit of the Mariana Trench Marine National Monument, and the Rose Atoll Marine National Monument. Prohibiting co

  • SpaceX Raises $75 Bln In IPO, Turning Musk First Trillionaire June 12, 2026 08:31 ET

    The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.

  • Futures Suggest Wall Street To Open Significantly Up June 12, 2026 08:12 ET

    Citing negotiations, President Donald Trump once again called off cancelled strikes on Iran. However, Iran has not responded to it and insisted that no final decision has been made. Early signs from the U.S. Futures Index suggest that Wall Street might open significantly up on Friday. In the Asian...

  • Spain's Football Prodigy Lamine Yamal Named UNICEF Goodwill Ambassador June 12, 2026 07:49 ET

    As the World Cup football championship got off to a start Thursday, UNICEF announced that Spain's teenage superstar Lamine Yamal has been made its youngest-ever Goodwill Ambassador, focusing on children's right to play and supporting those living in humanitarian emergencies, such as conflict or natural...

  • State Dept Signs MOU With Starlink To Use Satellite For Critical Disaster Response June 12, 2026 07:34 ET

    The U.S. Department of State and Starlink have signed a Memorandum of Understanding to enhance international disaster preparedness and U.S. humanitarian response efforts worldwide. The two-year MOU leverages Starlink's low-Earth orbit satellite technology, an American innovation, to restore critical...

  • U.K. Economy Shrinks For First Time Since August June 12, 2026 07:33 ET

    The U.K. economy contracted for the first time since August last year as the U.S.-Iran war has started to take its toll on business activity, official data showed Friday. Real gross domestic product decreased 0.1 percent in April, in contrast to a 0.3 percent expansion in March, the Office for National Statistics reported. This was the first monthly fall since August 2025.

  • Supreme Court Denies Alabama's Appeal To Carry Out Execution By Nitrogen Gas June 12, 2026 07:16 ET

    The U.S. Supreme Court has denied the state of Alabama's appeal to execute death row inmate Jeffery Lee by nitrogen hypoxia. The Supreme Court issued an order Thursday refusing to overturn a federal court's ruling that nitrogen suffocation is unconstitutional, which means the convicted murderer's execution will be delayed. The State of Alabama appealed the ruling by two lower courts previously

  • Mexico, South Korea Win FIFA World Cup Openers June 12, 2026 06:42 ET

    Hosts Mexico made a perfect launch of their World Cup 2026 campaign Thursday with an authentic 2-0 win against South Africa in A Group. The second match of Day 1 saw South Korea coming from a goal behind to score twice to defeat Czech Republic 2-1. Both the winners now have 3 points each and with a good chance to advance to the second round. In a game that featured three red cards at the Aztec

  • Oil Plunges Despite Iran Denying Trump's Claim Of Reaching Deal To End The War June 12, 2026 06:09 ET

    President Donald Trump has announced that Washington has reached a "great settlement" that ends the war with Iran. Iran denied Trump's clam with its foreign ministry saying such reports were "merely speculation." Iranian state media quoted foreign ministry spokesperson Esmaeil Baghaei as saying, "It has not reached a final conclusion." According to IRNA news agency, Baghaei admitted that major

  • Adobe Stock Drops As CFO Dan Durn Resigns Overshadowing Higher Q2 Results, Outlook Upgrade June 12, 2026 05:25 ET

    Shares of Adobe Inc. were losing around 4 percent in the pre-market activity on Nasdaq on Friday after the tech major announced that Dan Durn, its executive vice president and CFO, is departing on June 15 to join a new firm. Meanwhile, the company reported higher second-quarter results, issued third -quarter outlook, and upgraded fiscal 2026 outlook for adjusted earnings and revenues reflecting...

  • European Shares Rally On US-Iran Peace Deal Hopes June 12, 2026 05:16 ET

    European stocks traded sharply higher on Friday while oil prices fell more than 2 percent after U.S. President Donald Trump said a "great settlement" to end the conflict with Iran has been reached, and that a signing ceremony could take place in Europe as early as this weekend. Tehran, however, said...

  • European Shares Poised For Firm Start On Iran Peace Deal Hopes June 12, 2026 01:43 ET

    European stocks may open on a firm note on Friday after U.S. President Donald Trump cancelled a third consecutive day of strikes on Iran, claiming that a peace deal with Tehran is close to being finalized. Trump said an agreement to end the war with Iran had been reached and would be signed shortly,...

  • European Economic News Preview: UK GDP Data Due June 12, 2026 01:35 ET

    GDP and foreign trade from the UK and final inflation from Germany and France are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade figures. The economy is forecast to shrink 0.1 percent in April, in contrast to the 0.3 percent expansion seen in March.

  • Top Biotech Gainers: VRXA Begins A New Chapter, ADIL Opens Wallet, PGEN, PCSA On Watch... June 11, 2026 23:54 ET

    Today's top gainers were led by Australia-based Gelteq, which develops a novel ingestible gel-based drug delivery platform; Adial Pharmaceuticals, which announced the acquisition of Azora Therapeutics as part of its pipeline expansion strategy; and Precigen, which is drawing renewed attention as its lead asset PAPZIMEOS gains commercial traction, among others.

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.