NASA's X-59 experimental supersonic plane has reached a major milestone, flying in Mach 1.4 speed and an altitude of 55,000 feet, the conditions required for the aircraft to make future flights critical to its mission. NASA said that the X-59 still has months of performance testing ahead, but after those are complete, its Quesst mission will fly the aircraft over several U.S. communities to c
Stocks have moved sharply higher during trading on Monday, extending the strong upward move seen over the two previous sessions. The major averages have all shown significant moves to the upside, with the Nasdaq and S&P 500 climbing further off last Wednesday's one-month lows. Currently, the major averages are just off their highs of the session.
Homebuilder confidence has seen a modest deterioration in the month of June, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 35 in June after jumping to 37 in May. Economists had expected the index to edge down to 36.
A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial production to rise by 0.2 percent.
After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although a positive reading still indicates growth.
Stocks are likely to move to the upside in early trading on Monday, extending the strong upward move seen over the two previous sessions. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures up by 1.2 percent. The upward momentum on Wall...
UK house prices posted their worst June performance in 14 years as competition to attract buyers remained fierce among sellers, the property website Rightmove said Monday. Average property prices declined 0.6 percent from May, which was the biggest June fall in fourteen years. This followed a 1.2 percent rise in May. On a yearly basis, house prices dropped 0.5 percent.
French President Emmanuel Macron has announced that the G7 summit in France will discuss the long-term reopening of the Strait of Hormuz as part of the US-Iran deal, set for signing later this week. "The aim will be to see the consequences of this agreement, support for Lebanon, the lasting reopening of Hormuz and of course the concluding of an accord on nuclear and ballistic activities in Iran,"
A section of graduates at Stanford University staged a walkout during Google CEO Sundar Pichai's keynote address, protesting over the technology giant's reported contracts with Israeli government. Pichai, who is an alma mater of Stanford University, returned to the institution Sunday to deliver keynote address at the commencement ceremony for the class of 2026. The walk out, staged by a group o
Early signs from the U.S. Futures Index suggest that Wall Street might surge on Monday as there Iran and US are closer to a deal to end war. However, there are no official confirmation on the terms. Donald Trump said that the Strait of Hormuz will be reopened and the US naval blockade of Iran will...
European giants Germany and Sweden recorded big wins in a free-scoring fourth day of action at the FIFA World Cup 2026 as 19 goals flew in venues across the United States. Germany trounced tiny Caribbean island country of Curacao by 7-1 in a Group E match at Houston Stadium Sunday. After Felix Nmecha had fired Germany in front early on, the Concacaf debutants drew level through Livano Comenecia
The euro area trade balance shifted to a deficit in April due to the surge in imports, according to official data released Monday. The trade balance showed a shortfall of EUR 1.0 billion compared to a surplus of EUR 4.9 billion in March. In the same period last year, the trade surplus totalled EUR 8.7 billion.
Eurozone industrial production logged a marginal expansion in April, with consumer and intermediate goods offsetting declines in capital and energy sectors, official data showed Monday. Industrial output rose 0.1 percent from March, when production advanced 0.4 percent, Eurostat reported. Output was expected to climb 0.2 percent. Nonetheless, this was the third consecutive rise in production.
Many women exercise to lose weight, tone their bodies, or feel fitter. But recent research suggests that the true potential of weight resistance training may be far more valuable: a longer, healthier life. Notably, a study published in JAMA Network Open suggests that greater muscle strength is associated...
The United States and Iran have agreed to a peace deal to end the Middle East war. The agreement will be signed on this Friday in Geneva, Switzerland. The diplomatic breakthrough came hours ahead of President Donald Trump's departure to Europe for the G7 summit. He announced that the Strait of Hormuz will reopen after the agreement is signed and the United States will lift its naval blockade of
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.