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Today: May 29, 2026
Today: May 29, 2026

Economy

Business|Economy|Finance|Stock Markets|US

CSX appoints new CEO as US railroad operator battles activist pressure

CSX Corp has named veteran executive Steve Angel its CEO, replacing Joe Hinrichs, as the U.S. railroad operator fends off pressure from an activist investor against the

CSX appoints new CEO as US railroad operator battles activist pressure
Business|Economy|Environment|Science|Technology|World

Blue Origin investigates rocket explosion as public is warned about possible wreckage washing ashore

Jeff Bezos' Blue Origin is assessing damage to its Florida launch pad after a rocket exploded during a test firing

Blue Origin investigates rocket explosion as public is warned about possible wreckage washing ashore
Business|Economy|Finance|World

Wall St edges higher at open with Mideast deal updates in focus

Wall Street's main indexes opened higher on Friday, after closing at record highs the previous session, with markets awaiting details on reports that the U.S. and Iran had reached a

Wall St edges higher at open with Mideast deal updates in focus
Americas|Economy|Political|World

Mexican senate approves amendment so elections can be annulled for foreign interference

Mexico's Senate on Friday approved a constitutional amendment to include "foreign interference" as a reason to annul elections in the country.

Mexican senate approves amendment so elections can be annulled for foreign interference
Business|Economy|Finance|Stock Markets|US|World

U.S. equity funds draw weekly inflows as tech rally lifts sentiment

U.S. equity funds drew inflows in the week to May 27 as a rally in AI-linked technology stocks lifted sentiment, though concerns surrounding the U.S.-Iran peace negotiations kept

U.S. equity funds draw weekly inflows as tech rally lifts sentiment
Business|Economy|Environment|Technology|World

GM-LG battery company delays return of laid-off workers to Ohio plant

A battery plant partly owned by General Motors is delaying the return of hundreds of workers in northeast Ohio amid continued weak demand for electric cars.

GM-LG battery company delays return of laid-off workers to Ohio plant
Business|Economy|Finance|Stock Markets|US

Unrealised losses at US private credit lenders deepen

Unrealised losses at U.S. private credit lenders deepened in the first quarter to their worst level since 2022, while the amount of interest income they

Unrealised losses at US private credit lenders deepen
Business|Economy|Political|World

Iran calls for actions not words after US officials say peace deal is near

Iran said on Friday it was looking for actions, not words from the United States after sources said President

Iran calls for actions not words after US officials say peace deal is near
Business|Crime|Economy|Health

Massachusetts sues UnitedHealth unit for allegedly defrauding Medicaid program

Massachusetts sued a UnitedHealth insurance unit on Friday, accusing it of defrauding the state's Medicaid program out of more than $100 million by making older patients appear more

Massachusetts sues UnitedHealth unit for allegedly defrauding Medicaid program
Business|Economy|Finance|Stock Markets|World

US stocks gain ground, adding to their records, as Dell soars

Stocks are rising on Wall Street, adding to the all-time highs they set a day earlier

US stocks gain ground, adding to their records, as Dell soars
Economy|Europe|Political|World

European Union unlocks billions in funding for Hungary after rapid reforms by new leader Magyar

Officials say the European Union will unlock 16.4 billion euros or around $19 billion in funds for Hungary after recently elected Prime Minister Péter Magyar enacted rapid reforms

European Union unlocks billions in funding for Hungary after rapid reforms by new leader Magyar
Business|Economy|Science|Technology|World

In China, AMD CEO Lisa Su is understated while Nvidia's Huang is more razzmatazz

When AMD CEO Lisa Su

In China, AMD CEO Lisa Su is understated while Nvidia's Huang is more razzmatazz
Business|Economy|Environment|Political|World

Oil prices fall 2% as market awaits possible US-Iran ceasefire deal

Oil futures fell 2% on Friday and were on track for their steepest weekly decline since early April after reports that the U.S. and Iran had reached

Oil prices fall 2% as market awaits possible US-Iran ceasefire deal
Business|Economy|Europe|World

German inflation eases in May, even as core inflation rises

German inflation slowed in May due to lower energy prices, and while core inflation accelerated, analysts said that was likely not evidence that cost

German inflation eases in May, even as core inflation rises
Business|Economy|Europe|World

Top euro zone countries see Iran inflation fallout broaden in May

Inflation in the euro zone's four largest economies hovered above the European Central Bank's 2% target for a third straight month in May, preliminary data showed on

Top euro zone countries see Iran inflation fallout broaden in May
Business|Economy|World

TSX futures rise as US-Iran deal boosts sentiment ahead of GDP data release

Futures tracking Canada's blue-chip stocks rose on Friday as a deal to extend the U.S.-Iran ceasefire renewed hopes for an end to the Middle East conflict, while investors also

TSX futures rise as US-Iran deal boosts sentiment ahead of GDP data release
Business|Crime|Economy|Europe|World

US consulate builder in Milan hit by court action over abuse allegations

Prosecutors have placed the Italian branch of U.S. construction giant Caddell Construction under investigation over alleged worker exploitation at the site

US consulate builder in Milan hit by court action over abuse allegations
Economy|Environment|Europe|Health|Science|World

Record-breaking heat and dry spring leave parts of England without water

Thousands of households in southeast England were left without water or facing low pressure during a record-breaking heatwave

Record-breaking heat and dry spring leave parts of England without water
Business|Economy|Finance|World

Brazil's economy rebounds in early 2026, clouding rate cut outlook

Brazil's economy rebounded in the first three months of 2026, supported by household consumption and stronger investment, against a backdrop of a tight

Brazil's economy rebounds in early 2026, clouding rate cut outlook
Business|Economy|Finance|Stock Markets|US|World

Wall St extends rally on Mideast peace deal hopes; Dell surges

Wall Street's major indexes extended their record run, heading for weekly and monthly gains on Friday, as gains in tech stocks and reports the

Wall St extends rally on Mideast peace deal hopes; Dell surges
Business|Economy|Entertainment|Fashion and Beauty|Finance|Stock Markets

Gap, American Eagle fall as brand troubles weaken annual forecasts

By Akriti Shah and Neil J Kanatt May 29 - Shares of Gap and American Eagle Outfitters tumbled over 16% in early trading on Friday after both retailers issued weak forecasts, signaling deepening

Gap, American Eagle fall as brand troubles weaken annual forecasts
Business|Economy|Finance|Stock Markets|US|World

Rising exports lower US goods trade deficit in April

The U.S. trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend

Rising exports lower US goods trade deficit in April
Business|Economy|Finance|Stock Markets|Technology|World

Global equity funds draw weekly inflows as AI rally boosts sentiment

Global investors returned to equity funds in the week to May 27 after a week of outflows, as a rally in AI-linked stocks revived demand, though caution over U.S.-Iran peace

Global equity funds draw weekly inflows as AI rally boosts sentiment
Business|Economy|Finance|Stock Markets|World

Canada enters surprise technical recession amid tariff uncertainty

Canada's economy posted a surprise contraction in the first quarter versus the year before, making it two straight quarters of annualized decline - which

Canada enters surprise technical recession amid tariff uncertainty