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today's top stories

  • US Attacks Iranian Oil Tanker After Trump's Fresh Ultimatum May 07, 2026 06:19 ET

    President Donald Trump has issued a fresh ultimatum to Iran, warning that if it doesn't accept his 14-point peace proposal to end the Middle East war, the United States will start bombing "at a much higher level and intensity." "Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blo

  • European Shares Mostly Lower After Wednesday's Strong Rally May 07, 2026 05:23 ET

    European stocks were broadly lower on Thursday after posting strong gains in the previous session on AI-driven optimism and hopes for a quick end to the Middle East conflict. The downside was capped after data showed German factory orders grew at a faster pace in March. Factory orders increased...

  • Shell Q1 Profit Climbs, Production Down; Begins $3 Bln Buyback; Stock Down May 07, 2026 04:32 ET

    Oil and gas major Shell Plc reported Thursday higher profit and adjusted EBITDA in its first quarter, while revenues and other income edged down amid weak production. Separately, Shell announced the commencement of a $3.0 billion share buyback programme. In London, the shares were losing around 2.8 percent. In pre-market activity on the NYSE, Shell shares were down 1.7 percent

  • German Factory Orders Growth Tops Expectations May 07, 2026 03:10 ET

    German factory orders grew at a faster pace in March as manufacturers rushed to secure raw materials ahead of potential future price increases and supply shortages. Factory orders increased 5.0 percent in March compared to February's revised growth of 1.4 percent, Destatis reported Thursday. The monthly increase significantly outpaced the 1.0 percent forecast.

  • European Shares Seen Opening Mixed In Cautious Trade May 07, 2026 01:30 ET

    European stocks are seen opening mixed on Thursday after posting strong gains in the previous session on optimism over a potential U.S.-Iran peace deal and easing concerns about inflationary pressures. U.S. President Donald Trump said he has had "very good talks" with Iran over the past 24 hours and...

  • Optimism About U.S.-Iran Peace Deal Sparks Rally On Wall Street May 06, 2026 16:13 ET

    Stocks moved sharply higher early in the session on Wednesday and saw further upside as the day progressed. The major averages added to the gains posted during Tuesday's session, with the Nasdaq and S&P 500 reaching new record closing highs. The major averages ended the day just off their highs of the session.

  • James Murdoch In Talks To Acquire New York Magazine, Vox Podcast Network May 06, 2026 16:02 ET

    James Murdoch is currently in talks to buy assets from Vox Media, which includes New York magazine and its podcast division. This deal could total more than $300 million, according to some insiders.

  • High Tide Reports Record Medical Cannabis Distribution In Germany May 06, 2026 16:00 ET

    High Tide Inc. (HITI) has announced that its German subsidiary, Remexian Pharma GmbH, reached record distribution levels this quarter, showcasing continued growth in Europe's largest medical cannabis market.

  • New Study Reveals Surprising Public Bias Against Weight-Loss Drug Users May 06, 2026 12:18 ET

    A new study from Rice University suggests that public reactions to the weight-loss medications go beyond simple admiration or acceptance. In some cases, people who use them may face more criticism than those who do not lose weight at all. The research, led by Erin Standen, an assistant professor of...

  • U.S. Stocks Move Sharply Higher On Optimism About U.S.-Iran Peace Deal May 06, 2026 11:21 ET

    Stocks have moved sharply higher over the course of the trading day on Wednesday, adding to the gains posted in the previous session. With the continued advance, the Nasdaq and the S&P 500 have reached new record intraday highs. Currently, the major averages are just off their highs of the session.

  • U.S. Private Sector Employment Increases At Fastest Pace Since January 2025 May 06, 2026 10:14 ET

    Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. jumped by more than expected in the month of April. The report said private sector employment shot up by 109,000 jobs in April after climbing by a downwardly revised 61,000 jobs in March. Economists had expected private sector employment to grow by 85,000 jobs.

  • U.S. Stocks May See Further Upside On Hopes For U.S.-Iran Peace Deal May 06, 2026 08:45 ET

    Stocks are likely to move to the upside in early trading on Wednesday, extending the advance seen over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.8 percent. Optimism about an end to the conflict...

  • Remittances From Migrants To Reach $905 Bln: Report May 06, 2026 08:26 ET

    Financial contributions from migrants remain substantial, and remittances are projected to reach $905 billion, including $685 billion to low and middle-income countries, says the new World Migration Report. Restricting migration does not stop people from moving. It often pushes them into more dangerous...

  • Hantavirus-hit Cruise Ship Sailing To Canary Islands May 06, 2026 08:25 ET

    A hantavirus-hit Dutch cruise ship is reportedly sailing to Spain's Canary Islands to medically evacuate two crew members to make sure that they receive urgent medical care. A third person who had contact with the diseased German passenger will also be evacuated, media reports say. Hantavirus victims...

  • US-led Nations Draft Resolution To Defend Freedom Of Navigation In Strait Of Hormuz May 06, 2026 08:20 ET

    A U.S.-led resolution to defend freedom of navigation in the Strait of Hormuz is set to be introduced for voting in UN Security Councilin the coming days. Secretary of State Marco Rubio said on Tuesday that at President Donald Trump's direction, the United States, alongside its Gulf partners Bahrain, Saudi Arabia, the United Arab Emirates, Kuwait, and Qatar, drafted the resolution. The draft res

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.

Latest Updates on COVID-19