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Financial Markets

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OPEC cuts oil demand outlook as Hormuz disruption persists
OPEC cuts oil demand outlook as Hormuz disruption persists

LONDON, U.K.: OPEC cut its forecast for global oil demand growth in 2026 on May 13, citing the impact of the Iran war and the disruption...

Tech stocks take center stage on Wall Street Wednesday
Tech stocks take center stage on Wall Street Wednesday

NEW YORK, New York - U.S. stock markets delivered a split decision at the closing bell on Wednesday, with technology shares powering...

Kevin Warsh confirmed as Fed Governor for 14-year term by US Senate
Kevin Warsh confirmed as Fed Governor for 14-year term by US Senate

WASHINGTON, D.C.: The U.S. Senate approved Kevin Warsh on May 12 for a 14-year term as a Federal Reserve governor. This is an important...

eBay calls GameStop bid neither credible nor attractive
eBay calls GameStop bid neither credible nor attractive

NEW YORK CITY, New York: eBay on May 12 rejected a US$56 billion takeover proposal from GameStop, saying the offer was neither credible...

Wall Street ends mixed, Nasdaq plummets 186 points
Wall Street ends mixed, Nasdaq plummets 186 points

NEW YORK, New York - U.S. and global stock markets closed Tuesday with stark regional divergences, as the Dow Jones Industrial Average...

Rising fuel costs push US inflation to 3.8% in April
Rising fuel costs push US inflation to 3.8% in April

WASHINGTON, D.C.: U.S. inflation accelerated to its highest level in three years in April as rising gasoline prices linked to the Iran...

Technology

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LinkedIn to lay off about 5% of employees, source says
LinkedIn to lay off about 5% of employees, source says

SAN FRANCISCO, California: LinkedIn plans to lay off about five percent of its workforce as the Microsoft-owned professional networking...

TikTok fights stricter EU tech rules in landmark case
TikTok fights stricter EU tech rules in landmark case

LUXEMBOURG CITY, Luxembourg: TikTok on May 12 urged Europe's highest court to overturn its designation as a gatekeeper under the European...

Distrust clouds hopes for AI breakthroughs at Trump-Xi summit
Distrust clouds hopes for AI breakthroughs at Trump-Xi summit

BEIJING, China: Artificial intelligence is expected to feature prominently in talks between U.S. President Donald Trump and Chinese...

Trump lands in Beijing, accompanied by Nvidia CEO for summit with Xi
Trump lands in Beijing, accompanied by Nvidia CEO for summit with Xi

BEIJING, China: President Donald Trump and an entourage that included Nvidia's Jensen Huang and Elon Musk landed in Beijing to a lavish...

Altman takes stand in high-stakes Musk lawsuit over OpenAI
Altman takes stand in high-stakes Musk lawsuit over OpenAI

OAKLAND, California: Sam Altman took the witness stand Tuesday in the closely watched lawsuit brought by Elon Musk, defending his leadership...

White House seeks business leaders for Trump’s China visit
White House seeks business leaders for Trump’s China visit

WASHINGTON, D.C.: The White House has invited Elon Musk and Tim Cook to join President Donald Trump on his trip to China this week,...

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