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  • Human Brain Still Processes Words Under Anesthesia, Study Finds May 07, 2026 12:26 ET

    Researchers at Baylor College of Medicine found that the brain may still process language even when a person is fully unconscious under general anesthesia. "This work pushes us to rethink what it means to be conscious," said co-senior author Dr. Sameer Sheth, professor and Cullen Foundation Endowed...

  • Nasdaq, S&P 500 Seeing Further Upside But Dow Giving Back Ground May 07, 2026 11:00 ET

    After moving higher over the two previous sessions, the major U.S. stock indexes are turning in a mixed performance during trading on Thursday. While the Nasdaq and S&P 500 have reached new record intraday highs, the narrower Dow is giving back ground.

  • U.S. Construction Spending Climbs More Than Expected In March May 07, 2026 10:29 ET

    With an increase in spending on private construction more than offsetting a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending rose by more than expected in the month of March.

  • U.S. Labor Productivity Growth Falls Well Short Of Estimates In Q1 May 07, 2026 09:58 ET

    Labor productivity in the U.S. increased by much less than expected in the first quarter of 2026, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity climbed by 0.8 percent in the first quarter after jumping by a downwardly revised 1.6 percent in the fourth quarter of 2025.

  • U.S. Jobless Claims Rebound Less Than Expected To 200,000 May 07, 2026 09:39 ET

    A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by less than expected in the week ended May 2nd. The Labor Department said initial jobless claims rose to 200,000, an increase of 10,000 from the previous week's revised level of 190,000. Economists had expected jobless claims to climb to 205,000.

  • Norway Joins US-led Pax Silica Initiative May 07, 2026 09:16 ET

    Norway has become the latest country to join the Pax Silica initiative. The Pax Silica Initiative is a U.S.-led international coalition launched in December to secure supply chains for semiconductors, AI infrastructure, and critical minerals. It aims to reduce reliance on coerced, concentrated supply...

  • Canadian Market Might Start Positive May 07, 2026 09:09 ET

    Hopes of Iran reaching an agreement with the U.S. and reopening the Strait of Hormuz is driving the markets positive. The Energy sell off has eased, Brent Crude futures dropped to below $100 per barrel, reversing earlier gains. S&P/TSX Composite Index has closed at at 33,981.82, up 1.24 percent on...

  • Futures Pointing To Modestly Higher Open On Wall Street May 07, 2026 08:53 ET

    Following the rally seen over the two previous sessions, stocks may show a more modest move to the upside in early trading on Thursday. The major index futures are currently pointing to a slightly higher open for the markets, with the S&P 500 futures up by 0.2 percent. Optimism about a peaceful end...

  • New Rule Proposed To Protect Critical US Infrastructure From Drone Threats May 07, 2026 08:47 ET

    The Department of Transportation's Federal Aviation Administration has issued a proposed rule that would allow specific categories of critical infrastructure sites to apply for restrictions on drone operations around their facilities. Restrictions - which would be submitted and approved via a new FAA...

  • Futures Point To Moderaly Higher Open For Wall Street May 07, 2026 08:12 ET

    Geopolitical conditions might continue to influence investor sentiments on Thursday. In response to the U.S. proposal for ending the Middle East conflict, Iran might be sharing their response today. Early signs from the U.S. Futures Index suggest that Wall Street might open moderately up. In...

  • Methane Emissions From Fossil Fuels Near Record High Levels; IEA May 07, 2026 07:45 ET

    With methane emissions from energy sector near record highs, tried-and-tested abatement measures could make 200 billion cubic meters of natural gas available annually, new IEA analysis shows. Methane emissions from fossil fuels remained at very high levels in 2025, with no sign they are declining globally, according to the International Energy Agency's latest tracking update. Although some countr

  • F-22 Raptor Fighter Jets Arrive In Japan To Strengthen US Airpower In Indo-Pacific May 07, 2026 07:30 ET

    US Air Force'S F-22 Raptor fighter jets have arrived at Kadena Air Base, the American air base in Japan, marking the latest fighter rotation supporting operations across the Indo-Pacific region. While deployed to the Keystone of the Pacific, the F-22s will operate alongside heavy, reconnaissance, and fourth- and fifth-generation aircraft assigned to the Air Force's 18th Wing at Kadena Air Base, s

  • CDC Urges All Americans Aboard Hantavirus-hit Cruise Ship To Follow Guidance May 07, 2026 06:53 ET

    The Centers for Disease Control and Prevention has urged all Americans aboard the hantavirus-hit cruise ship to follow the guidance of health officials as the Trump Administration works to bring them home safely. In a statement issued on Wednesday, CDC said the Administration is closely monitoring...

  • Norway Central Bank Hikes Rate Unexpectedly May 07, 2026 06:44 ET

    Norway's central bank raised its benchmark rate unexpectedly by a quarter-point on Thursday as the war in the Middle East pushed up inflation and raised substantial uncertainty about the economic outlook. The Monetary Policy and Financial Stability Committee of Norges Bank decided to raise the policy rate to 4.25 percent from 4.0 percent.

  • Parkinson's Drug Used To Treat Seizures In Pediatric Patients May 07, 2026 06:38 ET

    Amantadine, a commonly prescribed drug for Parkinson's disease and other disorders, was recently used for treating epileptic encephalopathy in pediatric patients in Spain. The tricyclic amine amantadine was first approved in 1976 for the prophylaxis of influenza A. In recent years, the drug has been...

Global Economics Weekly Update - April 27 – May 01, 2026

May 01, 2026 15:54 ET
Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.

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