Stocks have moved mostly higher during trading on Friday, adding to the modest gains posted in the previous session. The major averages have all moved to the upside, with the Dow reaching a new record intraday high. Currently, the major averages are off their highs of the session but still in positive territory.
This week's biotech landscape saw regulatory approvals across the U.S., Canada, and China, alongside collaborations, acquisitions, program halts, and positive data readouts spanning multiple therapeutic areas, including severely calcified coronary artery disease, Wilson disease, and alpha-1 antitrypsin...
A reading on leading U.S. economic indicators unexpectedly edged slightly higher in the month of April, according to a report released by the Conference Board on Friday. The Conference Board said its leading economic index crept up by 0.1 percent in April after falling by 0.6 percent. Economists had expected the index to dip by 0.3 percent.
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much more than previously estimated in the month of May. The University of Michigan said its consumer sentiment index for May was downwardly revised to 44.8 from a preliminary reading of 48.2. Economists had expected the index to be unrevised.
The UN International Court of Justice has ruled that the right to strike is protected under a core International Labour Organization convention, in a landmark advisory opinion settling a long-running dispute between workers and employers worldwide. By 10 votes to four, the UN World Court ruled on...
The Office of the United States Trade Representative will host the G20 Trade Ministerial in Milwaukee, Wisconsin, from September 30 to October 1. "President Trump's tariff program is actively rebalancing global trade, reversing decades of non-market policies and practices to protect American workers...
A wet and unsettled Memorial Day weekend is in store for much of the East, while the West remains warm and dry, the National Weather Service said on Friday. Widespread rainfall of 1 to more than 2 inches is expected from the Gulf Coast to southern New England, according to NWS. Well above normal temperatures are forecast to build across the northern Plains. Another round of heavy to excessive r
Ahead of his India tour, U.S. Secretary of State Marco Rubio said that the U.S. government will engage with India to broaden energy cooperation. During May 23-26, Rubio will visit the Indian cities of Kolkata, Agra, Jaipur, and capital New Delhi. The Secretary will discuss energy security, trade, and defense cooperation during meetings with senior Indian officials, the Department of State said
The German economy expanded at a slightly faster pace in the first quarter, underpinned by consumption and exports, defying the adverse impact of the conflict in the Middle East. Germany's gross domestic product grew 0.3 percent from a quarter ago, unrevised from the previous estimate and followed the fourth quarter's 0.2 percent expansion, detailed data from Destatis showed Friday.
After recovering from an early pullback to end the previous session modestly higher, stocks may 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 0.4 percent. Stocks may continue to benefit...
Renewed optimism about U.S.-Iran talks and rising hopes for a diplomatic resolution to the Middle East conflict may lift investor sentiment on Friday. The dollar was higher in Asian trading session. Brent crude prices jumped nearly 3 percent toward $106 a barrel. Gold prices traded lower, while...
German business sentiment improved in May after falling for two straight months but the index remained at a low level as energy shock triggered by the near closure of the Strait of Hormuz weigh on manufacturing, survey results from the ifo Institute showed Friday. The business climate index posted 84.9 in May, up from 84.5 in April. The reading was also above economists' forecast of 84.2.
UK retail sales declined at the fastest pace in nearly a year in April as consumers reduced fuel purchases after the outbreak of the conflict in the Middle East. A private survey today showed that British consumer sentiment improved in May but rising inflation and continued uncertainty around the interest rate raised concerns about the sustainability of this improvement.
A French court has found that Air France and Airbus are guilty of involuntary manslaughter in a 2009 plane crash in the Atlantic Ocean that killed 228 people on board. The Paris Court of Appeal ruled the companies are solely and entirely responsible, citing failures to address known safety risks. Each company was fined the maximum legal penalty of 225,000 euros or about $260,000...
European stocks rose to reach a two-week high on Friday amid renewed optimism about signs of progress in U.S.-Iran peace talks. Despite some good signs in the talks, both sides are still at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz. In economic news, German...
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.