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today's top stories

  • Futures Suggest Wall Street To Open Lower June 02, 2026 08:13 ET

    Early trends from the U.S. Futures suggest that Wall Street might open lower on Tuesday. Oil prices fell sharply. Brent crude futures for August delivery were down 1.7 percent at $93.35 a barrel. The dollar index edged lower in Asian trade. Gold prices rebounded, while spot gold jumped 0.9 percent...

  • NASA Research Aircraft To Conduct Low-Altitude Flights Near Houston June 02, 2026 08:09 ET

    NASA's research aircraft will conduct a number of low-altitude flights near Houston this month. Five C-20A research aircraft will support a Student Airborne Research Program mission out of Ellington Field in Houston. NASA said that flights are expected from June 3 to 13. During the mission, select...

  • US To Mint World Cup 2026 Commemorative Coins June 02, 2026 07:30 ET

    The U.S. Department of the Treasury and United States Mint have announced the upcoming production of the FIFA World Cup 2026 commemorative coins. Under the FIFA World Cup 2026 Commemorative Coin Act, the Mint will produce $5 gold, $1 silver, and half-dollar clad coins celebrating the 2026 football tournament, which kicks off later this month. Mint plans to make a maximum of 100,000 Gold $5 coins

  • Eurozone Inflation Strongest Since 2023 June 02, 2026 06:59 ET

    Euro area inflation accelerated to the highest since 2023 in May as the Middle East conflict continue to push energy prices higher and the rising price pressures strengthened the chances of an interest rate hike from the European Central Bank next week. Inflation rose to 3.2 percent in May from 3.0 percent in April, flash data from Eurostat showed Tuesday.

  • US Cuts Steel, Aluminum Duty For Companies That Heavily Utilize American Metals June 02, 2026 06:26 ET

    President Donald Trump has signed a Proclamation reducing import duty to 10% on steel, aluminum, and copper for foreign companies that heavily utilize American metals. Under the new U.S. trade policy, foreign products qualify for this reduced, preferential tariff rate if they contain at least 85 percent U.S.-melted/poured steel or smelted/cast aluminum and copper by weight. This preferential 10

  • Denmark's Frederiksen To Form Center-left Coalition Govt. June 02, 2026 06:06 ET

    After weeks of intense negotiations, Denmark's acting prime minister Mette Frederiksen has announced that her Social Democratic Party has reached a consensus on forming a center-left coalition government. Frederiksen told reporters after meeting King Frederik X that she would present the new cabinet on Wednesday under her third term as prime minister. Frederiksen had resigned after the ruling So

  • European Shares Edge Higher As Trump Says Iran Talks Remain Active June 02, 2026 05:24 ET

    European stocks traded higher on Tuesday and oil prices fell more than 1 percent as U.S. President Donald Trump confirmed ongoing U.S.-Iran talks and said he had persuaded Israel and Hezbollah to dial back fighting. Meanwhile, a European Parliament committee has approved removing most EU duties on...

  • UN Warns Of The Onset Of Strongest El Nino In Decades June 02, 2026 05:13 ET

    Fueled by unusually warm ocean waters in the tropical Pacific, El Niño conditions are developing and are set to influence global temperature and rainfall patterns, increasing the risk of extreme weather over the coming months, according to the World Meteorological Organization. A new El Niño/La Niña Update by WMO indicates an 80 percent likelihood of a new phase of the natural El Niño weather pat

  • FDA Flags Hidden Danger In Skin Lightening Products June 02, 2026 03:55 ET

    The U.S. Food and Drug Administration (FDA) has issued a warning to consumers about over-the-counter skin lightening products found to contain mercury and hydroquinone substances linked to serious health risks when absorbed through repeated use.

  • Amazon's Prime Day Event On June 23-26 With Millions Of Deals June 02, 2026 02:35 ET

    Amazon's Prime Day Event, its major deal event, is returning kicking off summer, with millions of exclusive and early deals for Prime Members from June 23 to 26. The offers include Amazon's best deals, from the season's biggest fashion trends and K-beauty favorites to summer of soccer essentials, patio furniture, and outdoor entertaining many at 50 percent off or more.

  • European Shares Seen Tad Higher At Open June 02, 2026 01:40 ET

    European stocks look set to open a tad higher on Tuesday despite renewed uncertainty over U.S.-Iran peace negotiations. After Iran suspended indirect negotiations with the United States and insisted there can be no peace that doesn't include Lebanon, the Lebanese government announced that a limited...

  • European Economic News Preview: Eurozone Flash Inflation Due June 02, 2026 01:40 ET

    Flash inflation from the euro area and mortgage approvals from the UK are the top economic news due on Tuesday. At 3.00 am ET, Spain's labor agency is scheduled to publish unemployment data for May. Unemployment is forecast to decline 56,800 compared to a drop of 62,700 in April.

  • Top Biotech Gainers: TTRX Turns Heads, LIXT Shifts To AI Energy, CNXU Update, QTRX, TRAX On Watch June 01, 2026 23:07 ET

    Monday's top gainers include Turn Therapeutics following its interim analysis findings from an atopic dermatitis study; Conexeu Science on progress in its B.R.E.A.S.T. bioprinting program; LIXTE Biotechnology and its strategic transformation; and Quanterix amid insider transactions, among others.

  • United Flight To Spain Returns To Newark After Bluetooth Device Name Raises Alarm June 01, 2026 17:55 ET

    A United Airlines Holdings, Inc (UAL) flight headed for Palma de Mallorca had to turn back to Newark Liberty International Airport on Saturday evening after a passenger allegedly renamed a Bluetooth device, making it sound like there was a bomb threat, which led to a security response.

  • Florida Takes Legal Action Against OpenAI And Sam Altman Over ChatGPT Safety Issues June 01, 2026 17:24 ET

    Florida is suing OpenAI and its CEO, Sam Altman, claiming they knowingly released an unsafe AI product and didn't do enough to protect users, especially kids.

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.

Latest Updates on COVID-19