Real-time financial, economic, and global news with market-focused context and analysis.
Coverage spans equities, macroeconomic data, commodities, currencies, technology, politics, and global events—paired with analysis that highlights why each development matters for traders and investors. From breaking headlines to hourly market snapshots and in-depth articles, the News Hub is designed to help you stay informed, oriented, and ahead of market-moving events.
Oil prices slipped in Asian trade following U.S. President Donald Trump’s announcement that the United States will lead an effort to guide ships stranded in the Strait of Hormuz. The move came alongside an OPEC+ decision to raise production quotas, though crude losses were capped as prospects for a U.S.-Iran peace deal remained remote.
National Australia Bank reported first-half cash earnings below analyst estimates after recording significant one-off charges and a credit impairment related to the Iran-U.S. conflict. Strong business lending growth helped underlying earnings, but the bank warned that the war in the Middle East creates uncertainty for asset quality and capital meas…
Former New York City Mayor Rudy Giuliani, 81, has been admitted to a hospital and is in "critical but stable condition," his spokesperson Ted Goodman said on May 3. Goodman offered no further details on the nature of Giuliani's illness or the expected length of his stay. The statement asked for public prayers and recalled Giuliani's reputation foll…
Asia’s local currency bond markets have recorded exceptional issuance in 2026, with Hong Kong dollar and Australian dollar volumes reaching their strongest starts on record. The surge comes even as Middle East hostilities raised short-term market caution; bankers and investors point to diversification away from U.S. dollar debt, strong technical de…
A United Airlines Boeing 767, operating as Flight 169 from Venice, struck a light pole on the New Jersey Turnpike while on final approach to Newark Liberty International Airport on May 3. The aircraft landed safely with only minor damage reported; no injuries were reported among passengers or crew. A nearby tractor trailer was damaged and its drive…
Japan's recent relaxation of weapons-export rules has opened a diplomatic opening that Kyiv hopes could evolve into concrete military cooperation. Ukraine's ambassador to Japan says the change - a marked shift from Tokyo's strict postwar stance - allows talks that might eventually lead to Japan supplying equipment or funding for systems that would …
Poland's defence minister has indicated there is no evidence Patriot air defence systems will be delayed, despite reports that U.S. weapons stockpiles drawn down by the Iran conflict could lead to extended delivery times for some European allies. Officials warn that other equipment could face hold-ups, but not at a scale expected to trigger major c…
Russian equities closed with divergent outcomes across individual names while the MOEX Russia Index finished unchanged. Several energy and commodity-related stocks were among the biggest movers. Market breadth favored gainers, the Russian Volatility Index held steady, and commodities and FX markets saw notable shifts in oil, gold and ruble crosses.
A Goldman Sachs report finds that while AI usage is expanding quickly among consumers, financial returns for most companies remain limited. Despite tens of billions invested, up to 95% of firms see little to no return, with semiconductor firms capturing the lion's share of profits as enterprises and cloud and model developers struggle to justify he…
President Donald Trump announced 'Project Freedom,' a U.S.-led initiative to assist neutral commercial vessels stranded in the Strait of Hormuz. The operation, framed as a humanitarian effort and set to begin Monday morning, Middle East time, aims to escort ships facing shortages and to reduce disruptions to global trade. The announcement reference…
The United Arab Emirates has formally exited the Organization of Arab Petroleum Exporting Countries (OAPEC), following its April 28 decision to withdraw from OPEC and OPEC+. The move aligns with the UAE's stated plan to prioritize increasing its own oil output. Abu Dhabi National Oil Company (ADNOC) said it will award 200 billion dirhams ($55 billi…
Federal Reserve Bank of Minneapolis President Neel Kashkari said the prolonged conflict involving Iran raises the prospect of sustained higher inflation and economic damage, complicating the Fed's ability to provide clear guidance on interest rates. Speaking on CBS's Face the Nation, Kashkari highlighted the impact of a closed Strait of Hormuz, whi…
Chancellor Friedrich Merz told public broadcaster ARD that although he and President Donald Trump disagree on key issues, those differences are not connected to Washington’s decision to cut about 5,000 troops from the U.S. presence in Germany. Merz rejected suggestions that his public criticism of U.S. handling of Iran prompted the announcement, re…
Iran announced it had received a U.S. response, transmitted via Pakistan, to its 14-point proposal for ending the war and resolving a Gulf shipping standoff. Tehran is reviewing the reply even as Washington has not publicly confirmed receiving the proposal. Key issues include whether nuclear talks will be deferred until after a ceasefire and how th…
Minneapolis Federal Reserve President Neel Kashkari said the ongoing Iran war and closure of the Strait of Hormuz reduce the central bank’s capacity to provide clear guidance on interest-rate policy. With energy prices surging and inflation running above target, Kashkari and several regional Fed officials dissented at the most recent FOMC meeting, …
German Chancellor Friedrich Merz reaffirmed that the United States remains Germany's most important ally within the North Atlantic Alliance, while downplaying any link between planned U.S. troop reductions in Germany and disagreements with the U.S. president over Iran policy. Speaking in an interview with public broadcaster ARD set to air Sunday, M…
The conflict around the Strait of Hormuz has severely disrupted aluminium supply chains but has not collapsed the market. Exports from the Middle East - roughly 7% of global supply - are effectively blocked, while strikes have taken out about 3% of production capacity. Prices have climbed to their second-highest levels, with analysts forecasting el…
Supreme Court Justice Neil Gorsuch voiced concern about leaks of internal court deliberations, saying justices require private space for candid discussion. His remarks followed publication of leaked memos concerning a 2016 action blocking the Clean Power Plan and come amid heightened attention to the court's use of its emergency - or shadow - docke…
The U.S. Attorney in Washington, Jeanine Pirro, said she will defer to the Federal Reserve's Office of Inspector General to determine whether cost overruns tied to renovations at the Fed's headquarters warrant further criminal action against Chair Jerome Powell. Pirro suspended the probe after a federal judge blocked subpoenas, and she indicated th…
Jailed Nobel Peace Prize laureate Narges Mohammadi was reported in critical condition in a cardiac care unit in northwestern Iran after being moved from prison following a severe decline in health. Her family foundation said treatment has been limited to stabilisation with oxygen therapy and called for her transfer to medical specialists in Tehran.
Federal Reserve Governor Michael Barr warned that stress within private credit markets could provoke a psychological contagion among investors, potentially triggering a wider credit pullback. While direct bank-to-private-credit linkages do not yet appear deeply problematic, Barr cited overlapping exposures in the insurance sector as an additional a…
Federal Reserve Governor Michael Barr warned that stress in private credit markets could produce a 'psychological contagion' that prompts a wider pullback in credit and increased financial strain. While direct bank-private credit connections do not appear highly concerning now, Barr highlighted overlaps with the insurance sector as an area of vulne…
U.S. Treasury Secretary Scott Bessent said energy prices, which have climbed amid the U.S.-Israel conflict with Iran, should fall later this year. He made the comments on Fox Business Network's Sunday Morning Futures and reiterated that oil markets will be lower after the dispute subsides. Recent data from the American Automobile Association show g…
Finance ministers and central bank officials representing China, Japan, South Korea and the 10 members of ASEAN issued a joint statement after meeting in Samarkand, Uzbekistan, saying they will watch for excessive volatility and disorderly market moves and stand ready to respond as domestic conditions warrant. The group also affirmed support for op…
Federal authorities have halted approvals for roughly 165 onshore wind projects on private lands, with the Pentagon pausing processing and signaling a review of how energy projects are evaluated for national security implications. Developers report canceled meetings, reduced communications and legal pushback tied to classified concerns about radar …
