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today's top stories

  • Kyrgyzstan Elected As Non-permanent Member Of Security Council For First Time June 04, 2026 08:25 ET

    A closely watched UN Security Council election delivered a mix of continuity and change on Wednesday, as Austria, Portugal, Trinidad and Tobago, Zimbabwe - and first-time member Kyrgyzstan, secured seats as non-permanent members of the apex Council. The five countries were elected by the 193-member General Assembly to serve as non-permanent members of the Security Council for two-year terms begin

  • DOJ To Award $300 Mln To Model Cities To Restore Law And Order June 04, 2026 08:22 ET

    The Justice Department has announced the Model Cities Initiative, directing nearly $300 million in federal funding to transform public safety in U.S. cities. Through this initiative, two to four cities will be selected to receive awards supporting the implementation of comprehensive and innovative strategies...

  • Flesh-eating Screwworm Detected In US June 04, 2026 08:10 ET

    A flesh-eating parasite that feeds on warm-blooded animals has been detected in the United States after six decades. The U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) confirmed the detection of a New World screwworm in a bovine in Zavala County, Texas. New World...

  • Futures Point To Broadly Lower Open June 04, 2026 08:07 ET

    The Labor Department's Jobless Claims might get special attention on Thursday. Early trends from the U.S. Futures Index suggest that Wall Street might open broadly down. In the Asian trading session, the dollar consolidated recent gains. Oil prices fell sharply. Brent crude futures for August...

  • US Warns World Cup Fans Not To Bring Pork To Prevent African Swine Fever June 04, 2026 07:28 ET

    The US Department of Agriculture has warned football fans traveling into the United States to watch the World Cup, to not bring pork with them to protect the country from African Swine Fever. The countdown to the 2026 FIFA World Cup is on. With games scheduled from June 11 to July 19 in 16 cities...

  • SpaceX Aims To Raise Around $75 Bln In IPO, Musk May Become World's First Trillionaire June 04, 2026 07:12 ET

    Elon Musk's Space Exploration Technologies Corp. or SpaceX aims to price its initial public offering or IPO of around 556 million shares at $135.00 per share, with a view to raising around $75 billion, making it the largest stock market debut in history. With the planned IPO, spacecraft maker SpaceX's market valuation is estimated to reach $1.77 trillion, beating that of its sister concern Tesla Inc.

  • House Adopts Resolution Limiting Trump's War Powers June 04, 2026 06:48 ET

    The US House of Representatives has passed a resolution to limit President Donald Trump's war powers in Iran with the support of four Republican lawmakers. In a public show of disapproval of Trump's handling of the conflict, the House adopted the war powers resolution by a 215-208 vote. It requires Trump to withdraw American forces from the Middle East or seek congressional approval to continue

  • Israel, Lebanon Agree To Implement Ceasefire June 04, 2026 06:45 ET

    Israel and Lebanon have agreed to the implementation of a ceasefire on condition of complete cessation of Hezbollah fire and the evacuation of all Hezbollah operatives from the South Litani Sector, an area between the Israeli border and the Litani river. This region is now under the control of Israeli military forces. The truce was agreed after the fourth round of U.S.-led negotiations between I

  • UK Construction Sector Contracts Most Since 2020 June 04, 2026 06:38 ET

    The UK construction sector shrank at the fastest pace in six years in May amid shrinking order books and rising economic uncertainty, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index unexpectedly fell to 38.2 in May from 39.7 in the previous month. The reading was seen at 40.4.

  • European Shares Edge Higher On Lebanon Ceasefire; FTSE 100 Dips As Energy Stocks Drag June 04, 2026 05:16 ET

    European stocks edged higher on Thursday and oil prices fell more than 1 percent toward $96 a barrel as Israel and Lebanon agreed to renew their fragile ceasefire following days of bombardment and drone strikes. That said, regional gains remained capped by fresh jitters over private credit markets,...

  • German Construction Activity Contracts Sharply June 04, 2026 05:15 ET

    Germany's construction activity continued to contract sharply in May with firms recording a sustained fall in activity alongside soaring input costs, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index posted 42.4 in May, up from April's 13-month low of 42.1.

  • European Shares Set For Cautious Open As Broadcom's AI Forecast Disappoints June 04, 2026 01:52 ET

    European stocks are seen opening lower on Thursday, with tech stocks likely to be in focus after Broadcom delivered a disappointing forecast for artificial intelligence chip revenue, raising fresh concerns about the durability of the artificial-intelligence rally that has driven global equities to record...

  • European Economic News Preview: Eurozone Retail Sales Data Due June 04, 2026 01:46 ET

    Retail sales from the euro area and construction purchasing managers' survey results from Germany are the top economic news due on Thursday. At 2.30 am ET, consumer price data is due from Switzerland. Inflation is forecast to accelerate to 0.8 percent in May from 0.6 percent in April.

  • Top Biotech Gainers: ABVX, CING, DRTS, MMED... June 03, 2026 22:38 ET

    Today's gainers list includes ABIVAX, which recently announced positive ulcerative colitis trial results; Cingulate, which is working toward resubmission of a New Drug Application for an ADHD therapy; and Alpha Tau, following its joint partnership with Tolmar to bring Alpha DaRT Therapy to U.S. Urological Cancer Patients, among others.

  • Meta Scales Back Employee Activity Tracking Program Following Staff Backlash June 03, 2026 18:24 ET

    Meta is scaling back its plans to keep tabs on employees' computer activity following some serious pushback from within the company regarding a program aimed at gathering workplace data for AI training.

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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