Diplomats race to secure a temporary nuclear agreement with Iran to prevent imminent US and Israeli military action. Mediators are working urgently to broker a temporary framework agreement with Iran, aiming to prevent potential US and Israeli military strikes within days.
Alcoa (AA) rallied above early buy points Friday after an analyst upgraded the aluminum stock. UBS analyst Daniel Major upgraded Alcoa stock to buy from neutral and raised the price target to 80 from 75 Smelter outages caused by the Middle East conflict will more th
May survey shows sentiment dropped 11% to 44.2 as high prices and $1.3 trillion in credit card debt weigh on households. US consumer sentiment plunged 11% in May to 44.2, the lowest level in the University of Michigan survey’s 75-year history. The decline reflects growing
Former Fed governor Warsh pledges to lead a reform-oriented central bank focused on low inflation and strong growth. President Trump has selected Kevin Warsh as Federal Reserve Chair, tasking him with leading a reform-driven central bank. Warsh emphasized a commitment to l
A court in Kazakhstan has inserted itself into the Russia-Ukraine conflict, ruling in favor of the Ukrainian state gas entity Naftogaz in a $1.4-billion dispute with the Russian energy behemoth Gazprom. The judgment and order issued by the court of Astana International Fin
Ukraine targeted overnight the Yaroslavl oil refinery in Russia, escalating the drone attacks on Russian refining and oil exporting assets, Ukrainian President Volodymyr Zelenskyy said on Friday. “Today, there was a report by Commander-in-Chief of the Armed Forces of Ukraine...</
House Oversight Committee investigates prediction markets The House Oversight Committee has opened an investigation into Polymarket and Kalshi, two major prediction markets, over concerns that government employees may be using insider information to profit from policy and
Top EU officials said Friday that oil and gas prices are expected to remain elevated through at least the end of 2027, with the fallout from the Iran war likely to keep pressure on inflation and economic growth. Speaking after a meeting of eurozone finance ministers in Cyp
The leader of the powerful House Oversight Committee announced Friday he has launched an investigation into prediction market juggernauts Kalshi and Polymarket. The investigation will focus on insider trading by users on both platforms, and wagers that leverage non-public
The French Senate has accused the country's largest grocers of engaging in "predatory practices" against manufacturers and farmers. In its report, published yesterday (21 May), a Senate commission highlighted an "unbalanced distribution of value in the food chain", which i
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