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today's top stories

  • U.S. Pending Home Sales Jump More Than Expected In April May 19, 2026 10:34 ET

    The National Association of Realtors released a report on Tuesday showing pending home sales in the U.S. jumped by more than expected in the month of April. NAR said its pending home sales index shot up by 1.4 percent to 74.8 in April after surging by 1.7 percent to an upwardly revised 73.8 in March. Economists had expected pending home sales to increase by 0.9 percent.

  • U.S. Stocks May See Continued Weakness In Early Trading May 19, 2026 08:46 ET

    After ending the previous session well off their worst levels but still mostly lower, stocks may see further downside in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.5 percent. Technology stocks may see...

  • Wall Street Poised To Open In Negative Territory May 19, 2026 08:19 ET

    Oil prices eased as U.S. postponed a planned attack on Iran at the request of Qatar, Saudi Arabia and the United Arab Emirates. Gold fell toward $4,550 an ounce. Early signs from the U.S. Futures Index suggest that Wall Street might open lower on Tuesday. As of 7.55 am ET, the Dow futures were...

  • UK Business Delegation To US Launches Greater Together Los Angeles May 19, 2026 07:52 ET

    UK Secretary of State for Culture, Lisa Nandy and Minister for Economic Transformation, Blair McDougall, will lead a delegation of 250+ strong business and cultural leaders to the United States to drive economic growth at a major expo, Greater Together LA. The mission will convene hundreds of business...

  • TrumpRx.gov Expands With More Than 600 Generic Medications May 19, 2026 07:35 ET

    President Donald Trump has announced an expansion of TrumpRx.gov to provide unprecedented price transparency and choice on generic medications that millions of Americans use every day. From now on, TrumpRx.gov will feature more than 600 generic medications. The White House said that Americans will be able to clearly and transparently understand the most competitive cash prices of their medicati

  • US Airports To Be Made More Family-Friendly May 19, 2026 07:26 ET

    U.S. Transportation Secretary Sean P. Duffy has announced that the Federal Aviation Administration will invest $970 million to enhance the travel experience for families in U.S. airports. The Department delivered 133 grants to airports in 45 states through the Infrastructure Investment and Jobs Act - Airport Terminal Program (ATP) to invest in family-friendly airport projects. They include $2.8

  • Chances Of Another Global Pandemic Increasing: Experts May 19, 2026 07:07 ET

    A day after the World Health Organization declared the new Ebola outbreak in eastern Democratic Republic of the Congo an international emergency, top global disease transmission experts stressed that the chances of another global pandemic similar to the 2019 coronavirus emergency are increasing all the time. "The world is not safer from pandemics", said experts from the Global Preparedness Monito

  • Home Depot Q1 Profit Down, Comps Edge Up; Confirms FY26 Outlook May 19, 2026 06:45 ET

    Home improvement retailer Home Depot, Inc. reported Tuesday lower first-quarter earnings, hurt by higher expenses, even as net sales and comparable sales were higher. Further, the firm maintained fisca 2026 outlook. In pre-market activity on the NYSE, the shares were gaining around 0.7 percent

  • US Triggers Public Health Law To Limit Entry From Ebola-hit Region May 19, 2026 06:36 ET

    The United States has triggered a public health law to ban visitors from Africa's Ebola-hit region entering the country. On Monday, the Centers for Disease Control and Prevention, the Department of Homeland Security, and other federal agencies implemented enhanced travel screening, entry restrictions, and public health measures to prevent the viral disease from entering the United States amid ong

  • Enanta Pharma's RSV Bet And Immunology Ambitions May 19, 2026 06:32 ET

    Enanta Pharmaceuticals Inc. (ENTA), a clinical-stage biotechnology company focusing on viral infections and immunological diseases, will be highlighting its investigational programs - Zelicapavir and EPS-3903 - at the American Thoracic Society (ATS) International Conference today.

  • Trump Says He Put Off Planned Iran Attack At Request Of Gulf States May 19, 2026 06:10 ET

    President Donald Trump says he is putting off a planned attack against Iran as requested by the leaders of four Gulf countries. In a statement posted on Truth Social, Trump said "serious negotiations are now taking place" to end the Middle East war. "I have been asked by the Emir of Qatar, Tamim bin Hamad Al Thani, the Crown Prince of Saudi Arabia, Mohammed bin Salman Al Saud, and the President

  • European Shares Advance On US-Iran Peace Deal Hopes May 19, 2026 05:20 ET

    European stocks were notably higher on Tuesday after U.S. President Donald Trump said there was a "very good chance" the United States could reach an agreement with Iran to prevent Tehran from obtaining a nuclear weapon. Oil prices fell nearly 2 percent on Trump's comments and bonds steadied after...

  • European Shares Seen Higher On Iran Deal Hopes May 19, 2026 01:41 ET

    European stocks are likely to open higher on Tuesday as oil prices fell from two-week highs amid hopes of a de-escalation in the West Asia conflict. Higher bond yields may limit potential gains to some extent, with the yield on the U.S. 30-year bond edging up by one basis point to 5.13 percent on...

  • 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.

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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