Economic news


Wall St Indexes Post Closing Record Highs, AI Rally Pauses

Wall St Indexes Post Closing Record Highs, AI Rally Pauses

Rising healthcare and consumer stocks lifted ​the Dow Jones Industrial Average on Wednesday to a record closing high, while the S&P 500 and the Nasdaq were steady, as investors took ‌a pause from the AI-led rally while cautiously watching Middle East peace talks. Fractional gains we...


May 28, 2026
Americans are Dropping Obamacare, Especially in Kentucky
Americans are Dropping Obamacare, Especially in Kentucky

More Americans are dropping out or being kicked off Obamacare health insurance for non-payment than in past years, according to data through April...

US and Mexico Launch Trade Talks over Auto Content Rules
US and Mexico Launch Trade Talks over Auto Content Rules

U.S. and Mexican negotiators begin formal talks to revamp the North American trade ​deal on Thursday, with Washington demanding stronger regional...

High Costs Ddivide US Summer Travel into Haves and Have-Nots
High Costs Ddivide US Summer Travel into Haves and Have-Nots

Rising airfares and hotel rates are making budget-conscious Americans delay or cancel summer trips while wealthy travelers ​are holding fast to...

Oil Rises after Iran and US Trade Airstrikes
Oil Rises after Iran and US Trade Airstrikes

Oil ‌prices jumped more than 2% on Thursday after Iran's Revolutionary Guards said they had targeted a U.S. airbase in response...

Norway Oil Companies Raise Investment Outlook, Survey Shows
Norway Oil Companies Raise Investment Outlook, Survey Shows

Norwegian oil and gas ‌companies have raised their projected investments for 2026 and 2027 compared to estimates made three months ago, but...

Dollar Edges Up with Iran Conflict, US Rate Outlook in Focus
Dollar Edges Up with Iran Conflict, US Rate Outlook in Focus

The U.S. dollar was slightly higher on Thursday, after touching ​its strongest level since early April, as doubts grew over prospects of a deal to...

Gold Hits 2-Month Low as War Inflation Fuels Rate Bets
Gold Hits 2-Month Low as War Inflation Fuels Rate Bets

Gold prices dropped to a two-month ‌low on Thursday as inflation fears were stirred up after the U.S. and Iran traded more air strikes,...

Pound Drops as Middle East Tensions, Domestic Politics Weigh
Pound Drops as Middle East Tensions, Domestic Politics Weigh

Sterling slipped for a third straight day against both the euro and the dollar, as investors focused on Middle East tensions and lingering domestic...

Europe Less Able than US to Contain Crypto-Bank Shocks, UniCredit Director
Europe Less Able than US to Contain Crypto-Bank Shocks, UniCredit Director

Europe may struggle to respond to risks from links between crypto assets and banks in the way U.S. authorities contained ​damage during the 2023...

Stocks Knocked Back from Record Highs as Gulf Tensions Flare
Stocks Knocked Back from Record Highs as Gulf Tensions Flare

Stocks retreated from record highs on Thursday after a fresh U.S. military strike on Iran and Kuwaiti reports of missile attacks...

Foreign Investors Buy Japanese Stocks for 8th wk on AI Rally
Foreign Investors Buy Japanese Stocks for 8th wk on AI Rally

Foreign investors bought Japanese stocks for the eighth straight week through May 23, as oil prices eased and ​AI-related shares rallied...

BOK's new Chief Reveals Hawkish Posture as Price, FX Risks Grow
BOK's new Chief Reveals Hawkish Posture as Price, FX Risks Grow

The Bank of Korea kept its benchmark interest rate ​unchanged on Thursday, while a hawkish split within its seven-member board signaled an imminent...

UK Vehicle Production Dips in Apr amid Global Market Strains
UK Vehicle Production Dips in Apr amid Global Market Strains

UK auto production fell 1.2% year-on-year in April as a drop in commercial vehicle output and weak exports ​to China weighed on the industry, data...

Nvidia to Spend $150B Year in Taiwan, 'Epicentre' of AI Revolution, CEO
Nvidia to Spend $150B Year in Taiwan, 'Epicentre' of AI Revolution, CEO

Nvidia's chief executive said on Wednesday the ​chip company plans to invest around $150 billion a year in Taiwan, terming it the...

May 27, 2026
Yen near Intervention Level; Dollar Up on Iran Conflict
Yen near Intervention Level; Dollar Up on Iran Conflict

The yen fell ‌to its weakest in nearly four weeks against the U.S. dollar on Wednesday, inching towards levels that triggered official...

Ferrari Aims to Prove Doubters Wrong after Divisive EV Debut
Ferrari Aims to Prove Doubters Wrong after Divisive EV Debut

If Ferrari wanted to grab the world's ​attention with the Luce, its first all-electric car, mission accomplished - even if much of the...

Canada Turns from US to Europe as Iran War Propels Aluminium Higher
Canada Turns from US to Europe as Iran War Propels Aluminium Higher

Canada is pushing more of its aluminium towards Europe to make the ​most of higher premiums on offer, after its neighbour the United States imposed...

Exxon Wins Shareholder Backing for Legal Move to Texas
Exxon Wins Shareholder Backing for Legal Move to Texas

Exxon Mobil shareholders on Wednesday approved the company's plan to redomicile in Texas, marking a win for the top U.S. oil producer...

Gucci to Become Title Partner of Renault's Alpine F1 Team from 2027
Gucci to Become Title Partner of Renault's Alpine F1 Team from 2027

Gucci will become title partner to Renault's Alpine Formula One team ​from the 2027 season, the Italian luxury brand said on...

Chevron Holders Reject Independent Board Chair Proposal
Chevron Holders Reject Independent Board Chair Proposal

Chevron ​shareholders rejected a proposal that would ‌have required an independent board chair separate from the CEO role, according to...

Open Interest in Natural Gas and Power on ICE Hits Record in May
Open Interest in Natural Gas and Power on ICE Hits Record in May

Intercontinental Exchange, one of the world's biggest operators of trading platforms, reported on Wednesday record liquidity across ​its global...

Eni-Petronas JV Seen Reaching $2.7B Net Income by 2030
Eni-Petronas JV Seen Reaching $2.7B Net Income by 2030

MILAN, May 27 (Reuters) - A planned joint venture between Eni and Malaysia's state energy company ​Petronas, named SEARAH, is...

ECB Tells Banks to Invest more to Get Grip on AI Security Risk
ECB Tells Banks to Invest more to Get Grip on AI Security Risk

Euro zone banks need to invest more in cybersecurity if they are to get a ​grip on new AI models that can find flaws in ‌software, the...

Gold Falls as Mideast Uncertainty Clouds Rate Outlook
Gold Falls as Mideast Uncertainty Clouds Rate Outlook

Iran says new US strikes violate ceasefire US April PCE data due on Thursday Fed's Kashkari calls for focus on inflation risk Traders see...

UK Shares Rally Further as Oil Drops; Midcaps Ggain
UK Shares Rally Further as Oil Drops; Midcaps Ggain

UK shares edged higher on Wednesday as hopes of a resolution to the Iran war pushed down crude prices and lifted risk ​appetite, with upbeat...

Sterling Dips as Iran Uncertainty Keeps Traders Wary
Sterling Dips as Iran Uncertainty Keeps Traders Wary

The pound fell for a second day against the euro ​on Wednesday and made little headway against the dollar, as doubts about the likelihood of peace...

Indian Stocks Set for 1st Yearly Drop in Decade; Funds Exit
Indian Stocks Set for 1st Yearly Drop in Decade; Funds Exit

Indian stocks are set for their first annual decline in more than a decade, a Reuters poll of equity ​analysts found, as an exodus of foreign...

India Rice Exports Fall as Iran War Curbs Gulf Basmati Trade
India Rice Exports Fall as Iran War Curbs Gulf Basmati Trade

India's ​rice exports in the first four months of 2026 fell marginally from a ‌year earlier as the U.S.-Israeli war with Iran...

Investors Expect USD to Break Higher; Fed Battles Inflation
Investors Expect USD to Break Higher; Fed Battles Inflation

The U.S. dollar, long stuck in a tight trading range, could be in for a break higher as the Federal Reserve shifts its focus to fighting worrisome...

SK Hynix Joins $1Tn Club after Samsung, Micron on AI Boom
SK Hynix Joins $1Tn Club after Samsung, Micron on AI Boom

SK Hynix topped $1 trillion ​in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron...

Samsung Pay Deal Sparks Seismic Change for S.Korea Unions
Samsung Pay Deal Sparks Seismic Change for S.Korea Unions

The deal Samsung Electronics struck with its union averts a massive strike and gives its memory chip ​workers eye-popping bonuses. It also...

Europe Stocks Set for Modest Gains as Iran War Hits Outlook
Europe Stocks Set for Modest Gains as Iran War Hits Outlook

European shares will struggle to post further gains for the rest of this year, a Reuters poll found, weighed down by the ​economic hit from the...

Nikkei Retreats from Record High as AI Rally Sparks Caution
Nikkei Retreats from Record High as AI Rally Sparks Caution

Japan's Nikkei share average retreated from a record peak to end nearly ​flat on Wednesday, as investor caution grew about the ‌fast-paced...

Chinese Brands Gain as Europe Car Sales Rise
Chinese Brands Gain as Europe Car Sales Rise

Demand for electrified cars kept Europe's auto market growing in April, offsetting weaker petrol and ​diesel demand and helping Chinese brands...

Stocks Scale new Peaks on Shaky US-Iran Truce; Kiwi Leaps
Stocks Scale new Peaks on Shaky US-Iran Truce; Kiwi Leaps

Asian shares climbed to record highs while oil prices remained elevated on Wednesday, as markets looked for signals that ​a shaky truce...

BlackRock Sees Merit in Large Scale Mining M&A
BlackRock Sees Merit in Large Scale Mining M&A

BlackRock would back consolidation among large miners ​because it would open the sector to generalist investors at a scale that would make ‌it...

Hong Kong Beats Switzerland as World's Top Cross-Border Wealth Hub on China Ties, Report
Hong Kong Beats Switzerland as World's Top Cross-Border Wealth Hub on China Ties, Report

Hong ​Kong has overtaken Switzerland as the top global booking centre for cross-border wealth, ‌a first that is unlikely to be reversed as...

S&P, Nasdaq Hit Record Highs as Micron Joins $1Tn Club
S&P, Nasdaq Hit Record Highs as Micron Joins $1Tn Club

The S&P 500 and Nasdaq hit record closing highs on Tuesday, as AI-fueled optimism offset anxiety over Middle ‌East peace talks —...

Australia Consumer Inflation Slows in April, Core Creeps Higher
Australia Consumer Inflation Slows in April, Core Creeps Higher

Australian consumer prices increased by less than expected in April thanks to a government tax cut on fuel, data showed on Wednesday, while core...

China's Apr Industrial Profits Grow at Fastest in more than 2Y
China's Apr Industrial Profits Grow at Fastest in more than 2Y

China's industrial profits ​in April grew at the fastest pace since November 2023, despite financial pressures stemming from softening...

Micron Joins $1 Tn Club as AI Race Powers Memory Chip Boom
Micron Joins $1 Tn Club as AI Race Powers Memory Chip Boom

Micron Technology briefly topped $1 trillion in market value for the first time on Tuesday, crowning ​a dizzying rally that has cemented the...

May 26, 2026
BP Ousts Chair Manifold Citing Governance, Conduct Issues
BP Ousts Chair Manifold Citing Governance, Conduct Issues

BP has ousted Chair Albert ​Manifold with immediate effect, it said on Tuesday, citing governance and conduct issues, with four sources...


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