Economic confidence plummets in US amid Iran war, poll shows
Only 16 percent of Americans view the economy in the United States as “good” or “excellent”, a new Gallup poll suggests, as inflation continues to rise amid the war on Iran.
· Al Jazeera
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Newest first · UTC+11:00"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows
China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against brokers and ordering non-compliant accounts to be liquidated within two years, sparking a brutal selloff in three popular brokerages.
· Tyler Durden
Americans have shelled out $45B in extra fuel costs since Iran war — as $5 gas looms: researchers
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· Ariel Zilber
Chinese drone shipments nose-dive on domestic restrictions, US ban
Chinese drone makers are now required to equip their products with new features that help authorities track the vehicles. (Photo by Itsuro Fujino)
· Staff Writer
Qatar Airways to skip staff bonuses due to impact of Iran war | The National
Qatar Airways will skip handing out bonuses to almost 60,000 workers this year, according to a memo sent to employees this week that was seen by Bloomberg. The decision comes after the US-Israel war on Iran forced the carrier to cancel tens of thousands of flights and to lose out on billions in revenue.
· Bloomberg
Russia sees rising oil revenue on Iran war energy shock | The National
Russia is emerging as an early beneficiary in the Iran war, as it is seeing a surge in oil revenue due to rising crude prices.
· Kyle Fitzgerald
Dow soars 300 points to an all-time high — first record hit since Iran war began
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· Reuters
Oversight Chair James Comer demands info from Kalshi, Polymarket CEOs over alleged insider trading
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· Taylor Herzlich
China AI firms Zhipu, MiniMax to join Hong Kong’s Hang Seng Tech Index
Additions to the benchmark Hang Seng Index, meanwhile, increase the number of constituents to 93 as the bourse operator presses ahead with expansion to 100
· Zhang Shidong
China AI firms Zhipu, MiniMax to join Hong Kong’s Hang Seng Tech Index
Additions to the benchmark Hang Seng Index, meanwhile, increase the number of constituents to 93 as the bourse operator presses ahead with expansion to 100
· Zhang Shidong
Watch: Trump will swear in Kevin Warsh as Fed chair as he seeks interest rate cuts
President Donald Trump will swear in Kevin Warsh as chair of the Federal Reserve on Friday, putting him in charge of a central bank that must navigate a tumultuous economy and a president with very specific expectations on interest rates.
· Jeff Cox, Kevin Breuninger
Macron calls for US-style trade powers to protect strategic EU sectors
PARIS — French President Emmanuel Macron on Friday said the EU should take inspiration from the U.S. on trade measures aimed at protecting strategic industries.
· Giorgio Leali
Lebanon opens seafront tent camp in Beirut as Israeli strikes displace 1 million
Lebanon has opened a large tent shelter on Beirut’s seafront to house civilians displaced by Israeli bombardment, as the number of people forced from their homes continues to rise. Rows of blue tents have been installed near Beirut port to replace informal camps that had spread along the Mediterranean coast in recen…
· AfricaNews
Top 20 Global Concert Tours from Pollstar
The Top 20 Global Concert Tours ranks artists by average box office gross per city and includes the average ticket price for shows Worldwide. The list is based on data provided to the trade publication Pollstar by concert promoters and venue managers.
Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan's Surveys of Consumers said Friday.
· Fred Imbert
Angels’ Mike Trout gives blunt response to deafening trade rumors
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· Ryan Kostecka
Rubio Says 'Not There Yet' As Reports Of Draft Iran Deals Circulating Deemed Inaccurate
In a quick market update, Newsquawk says risk-off as reporters push back on optimistic geopolitical reporting + Rubio says not there on Iran deal.
· Tyler Durden
Europe energy prices to remain high through 2027 at least, officials say
From left to right, European Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis, European Central Bank President Christine Lagarde, President of the Eurogroup Kyriakos Pierrakakis, Managing Director and the European Stability Mechanism Pierre Gramegna talk to the media du…
· Menelaos Hadjicostis
Revamped Terminal 2 will boost Hong Kong’s aviation hub status: Airport Authority
Chairman Fred Lam describes facility as ‘milestone’ in airport’s development, prioritising efficiency and user experience
· Eric Jiang
Revamped Terminal 2 will boost Hong Kong’s aviation hub status: Airport Authority
Chairman Fred Lam describes facility as ‘milestone’ in airport’s development, prioritising efficiency and user experience
· Eric Jiang
‘Dutton Ranch’ Episode 3 Ending Explained: What Is Foot And Mouth Disease?
The first two episodes of Yellowstone‘s hit spin-off Dutton Ranch saw Rip Wheeler (Cole Hauser), Beth Dutton (Kelly Reilly), and Carter (Finn Little) leave Montana behind to start fresh in Texas. They found a nice new ranch in Rio Paloma, made some fast friends, and got their bulls settled with plans to build their …
· Nicole Gallucci
Crypto mogul CZ’s attorney starting own firm — and AI will play a major role in its business model
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· Charles Gasparino
Ireland demands EU trade ban on Israeli settlements as it advances its own embargo | The National
Ireland on Friday called on the European Union to ban trade with illegal Israeli settlements in the occupied Palestinian territories as it prepares to adopt its own national legislation within weeks.
· Sunniva Rose
India’s US$9 billion island megaport sharpens China’s ‘Malacca dilemma’
When completed, the Great Nicobar project would allow India to monitor activities near the Strait of Malacca, a key trade corridor for China
· Biman Mukherji
India’s US$9 billion island megaport sharpens China’s ‘Malacca dilemma’
When completed, the Great Nicobar project would allow India to monitor activities near the Strait of Malacca, a key trade corridor for China
· Biman Mukherji
US Stock Futures Rise, Set For 8th Consecutive Week Of Gains
US equity futures are higher into the long weekend, with the S&P 500 gaining for an 8th consecutive week higher, its longest streak of weekly wins since 2023 with sustained momentum in popular thematics, thanks to a liquidity boost, supportive macro readings, solid earnings and hopes that the US and Iran are moving …
· Tyler Durden
China’s top trade negotiator urges Apec to grow economic pie, divide it fairly
At ministerial meeting in Suzhou, Li Chenggang urges representatives of 21 economies to ‘reject zero-sum thinking’
· Ji Siqi
China’s top trade negotiator urges Apec to grow economic pie, divide it fairly
At ministerial meeting in Suzhou, Li Chenggang urges representatives of 21 economies to ‘reject zero-sum thinking’
· Ji Siqi
Data center debacle is already roiling midterms — and AI companies may need to share the wealth to fix it
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· Lydia Moynihan
Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
Oil market experts at Rapidan Energy Group warn that a prolonged closure of the Strait of Hormuz could trigger an oil shock severe enough to hit consumers hard and push the economy into a downturn on a scale approaching that of the 2008 Great Recession.
· Tyler Durden
Adia's focus on evolution places Abu Dhabi fund on path of growth | The National
Abu Dhabi Investment Authority (Adia) continues to evolve, identifying new investment opportunities across asset classes and geographies, as one of the world’s largest sovereign wealth funds marks its 50th year.
· Sarmad Khan
HSBC cuts China retail sales forecast by nearly half as property and jobs weigh on demand
Consumption is facing renewed pressure as a weak labour market and diminishing returns from subsidies cloud outlook, the bank says
· Ralph Jennings
HSBC cuts China retail sales forecast by nearly half as property and jobs weigh on demand
Consumption is facing renewed pressure as a weak labour market and diminishing returns from subsidies cloud outlook, the bank says
· Ralph Jennings
‘I am sorry’: Standard Chartered CEO Bill Winters apologises for comments over job cuts
Winters expresses regret for his choice of words describing how AI would replace some workers at the lender
· Enoch Yiu
‘I am sorry’: Standard Chartered CEO Bill Winters apologises for comments over job cuts
Winters expresses regret for his choice of words describing how AI would replace some workers at the lender
· Enoch Yiu
How Kevin Warsh will navigate his tricky new position as Fed chairman under Trump
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· Charles Gasparino
China deepens crackdown on cross-border brokers, vows cleanup in 2 years
The Lujiazui financial district in Shanghai: Chinese authorities are clamping down on overseas brokerages. © Reuters
· Staff Writer
Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season
The average rate on a 30-year fixed mortgage climbed to its highest level since August, threatening to derail the spring selling season as higher Treasury yields and renewed inflation pressure push loan costs higher and freeze more prospective buyers out of the market.
· Tyler Durden
Trump’s White House Ballroom Commissioner to Attend Putin’s Speech at St. Petersburg Economic Forum
The head of the U.S. Commission of Fine Arts will travel to Russia next month, becoming the first American official to attend the St. Petersburg International Economic Forum (SPIEF) in nearly ten years, Russian state media reported Friday.
· The Moscow Times
Taiwan says US hasn't notified it of any pause in arms sale
In this photo released by the Taiwan Presidential Office, Taiwan’s President Lai Ching-te speaks during a press conference on “Taiwan-U.S. Economic Prosperity Partnership” in Taipei, Taiwan on Feb. 3, 2026. (Taiwan Presidential Office via AP, File)
Live updates: Trump heads to New York district as voters sour on economy
President Donald Trump speaks as he tours Ballroom construction around the outside the White House, Tuesday, May 19, 2026, in Washington. (AP Photo/Jacquelyn Martin)
Despite blocking Meta’s Manus deal, China says ‘door open’ to foreign tech investment
While reaffirming Beijing’s openness, the NDRC also stressed its support for home-grown AI and semiconductor industries
· Iris Deng
Despite blocking Meta’s Manus deal, China says ‘door open’ to foreign tech investment
While reaffirming Beijing’s openness, the NDRC also stressed its support for home-grown AI and semiconductor industries
· Iris Deng
Worker confidence hits record low as AI threatens jobs, global report finds
At senior management levels, 99% of those surveyed by Mercer thought that incorporating AI would result in at least some staff reductions. (Nikkei montage/Source photo by Yuji Murakami)
· Staff Writer
K-pop stars BTS to hold 3 concerts at Hong Kong’s Kai Tak Stadium in 2027
Boy band will perform on March 4, 6 and 7 as part of their ‘Arirang’ world tour with tickets priced at up to HK$3,299 each
· Edith Lin
K-pop stars BTS to hold 3 concerts at Hong Kong’s Kai Tak Stadium in 2027
Boy band will perform on March 4, 6 and 7 as part of their ‘Arirang’ world tour with tickets priced at up to HK$3,299 each
· Edith Lin
How has Latin America responded to the US crackdown on Cuba?
Fears of a US military operation against Cuba – or an outright invasion – have escalated after Washington indicted former Cuban leader Raul Castro, as the US continues to choke the island with an economic blockade.
· RT
How has Latin America responded to the US crackdown on Cuba?
Fears of a US military operation against Cuba – or an outright invasion – have escalated after Washington indicted former Cuban leader Raul Castro, as the US continues to choke the island with an economic blockade.
· RT
China, Kazakhstan set to launch food security trade platform in wake of Iran war
The agreement highlights Beijing’s push to rewire agricultural supply chains, as it seeks to reduce vulnerability in global markets
· Ralph Jennings