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today's top stories

  • German Industrial Output Falls Unexpectedly May 08, 2026 03:12 ET

    Germany's industrial production declined unexpectedly in March as the war in the Middle East started to take its toll on industrial activity, official data revealed Friday. Industrial output dropped 0.7 percent in March, marking the second consecutive monthly decline, Destatis reported.

  • European Shares Seen Lower As US-Iran Peace Talks Face Uncertainty May 08, 2026 01:39 ET

    European stocks may drift lower at open on Friday as investors weigh escalating U.S.-Iran tensions and brace for the release of the April U.S. jobs report later in the day for directional cues. Brent crude futures jumped toward $102 a barrel as fresh U.S.-Iran clashes in the Strait of Hormuz jolted...

  • European Economic News Preview: Germany Industrial Output, Foreign Trade Due May 08, 2026 00:48 ET

    Industrial production and foreign trade from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 am ET, Destatis releases Germany's industrial output and foreign trade figures. Economists forecast industrial output to grow 0.4 percent on a monthly basis in March, in contrast to the 0.3 percent fall in February.

  • Canvas Parent Instructure Hit By Cyberattack May 07, 2026 18:13 ET

    Instructure (INST), the company behind the popular Canvas platform, has confirmed a serious cyberattack connected to the hacking group ShinyHunters, which has led to the exposure of data for millions of students and educators around the globe.

  • U.S. Stocks Move To The Downside Amid Rebound By Crude Oil Prices May 07, 2026 16:12 ET

    Stocks turned in a lackluster performance early in the session on Thursday but came under pressure over the course of the trading day. The major averages all moved to the downside, although selling remained relatively subdued. The major averages finished the day off their lows of the session but still in the red.

  • 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...

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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