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Carney's Nobel Odds Exceed Trump's in Some Prediction Markets
President Donald Trump's chances of winning the 2026 Nobel Peace Prize appear limited in prediction markets, with Canadian Prime Minister Mark Carney among the names being considered by traders and political observers ahead of the announcement.

By The Financial District
44 minutes ago2 min read


U.S. Approves Potential $1 Billion APKWS Sale to UAE
The United States has approved a potential $1.04 billion sale to the United Arab Emirates of up to 10,000 Advanced Precision Kill Weapon System II (APKWS II) guidance sections for rockets, according to the US State Department.

By The Financial District
1 hour ago1 min read


Warren Presses Big Tech Over Billions in AI-Related Tax Breaks
Sen. Elizabeth Warren is demanding answers from Amazon, Alphabet, Meta and Microsoft over billions of dollars in federal tax breaks that lawmakers say are benefiting the companies as they expand their artificial intelligence and data-center investments.

By The Financial District
2 hours ago2 min read


Oil Prices Surge as Trump Reportedly Weighs New Strikes on Iran
Brent crude oil prices have climbed above $105 a barrel amid reports that U.S. President Donald Trump was considering resuming military strikes against Iran before the November midterm elections.

By The Financial District
3 hours ago1 min read


Japanese Companies Reel as Cyberattacks Continue
More Japanese companies are reporting unauthorized access and potential data breaches, putting millions of customer records at risk and prompting investigations by companies and authorities.

By The Financial District
5 hours ago1 min read


SEC Sues Former Global Tech CEO Over Alleged Stock Scheme
The Securities and Exchange Commission has sued David Reichman, the former chairman and CEO of Global Tech Industries Group Inc., alleging that he orchestrated a yearslong scheme in which the company issued tens of millions of shares to family members, friends and associates under the false claim that the recipients had provided services.

By The Financial District
5 hours ago2 min read


U.S. AI Data Center Buildout could Cost Trillions by Early 2030s
Despite concerns about the risks posed by artificial intelligence, the United States is moving ahead with a massive expansion of data centers and related infrastructure, with the total investment potentially reaching trillions of dollars.

By The Financial District
5 hours ago1 min read


Three Tankers Hit by Unknown Projectiles in Strait of Hormuz, UKMTO Says
Three vessels were struck by unidentified projectiles in the Strait of Hormuz, according to the United Kingdom Maritime Trade Operations (UKMTO), a British maritime-security organization.

By The Financial District
6 hours ago1 min read


Saudi Arabia's Soundstorm Festival Canceled for 2026
Saudi Arabia's MDLBEAST Soundstorm music festival has been canceled for 2026, becoming the latest major entertainment event in the region to be called off amid continuing instability and uncertainty across the Middle East.

By The Financial District
6 hours ago1 min read


Foreign Companies in Ukraine Face Damage from Continuing Russian Attacks
Foreign companies operating in Ukraine are facing increasing damage to their facilities as Russian attacks continue across the country, with recent strikes affecting a Japan Tobacco International factory, a GlobalLogic office building and a McDonald's warehouse. Foreign companies operating in Ukraine amid continuing Russian attacks face serious risks to their operations. [Photo: Bject, Wikimedia Commons] Japan Tobacco International (JTI) said its factory in Kremenchuk in cent

By The Financial District
16 hours ago1 min read


Lawmakers Consider Means Testing as Social Security Faces 22% Benefit CutCorrected Article
Social Security faces a major financing shortfall that could result in a 22% reduction in scheduled benefits beginning in late 2032 if Congress does not act, prompting lawmakers and policy groups to consider a range of potential solutions, including means testing for higher-income retirees.

By The Financial District
17 hours ago2 min read


U.S. Pressures France and Germany to Release Diesel Reserves as Fuel Markets Tighten
The Trump administration has urged France and Germany to release emergency diesel reserves to help ease global fuel shortages, warning that Washington could impose a ban on US diesel exports if European countries do not take action.

By The Financial District
17 hours ago2 min read


U.S. Imposes New Sanctions on Iran's Automotive and Rail Industries
The US Treasury Department has imposed new sanctions targeting Iran's automotive and rail industries as the Trump administration seeks to further restrict Tehran's sources of revenue and industrial capacity.

By The Financial District
17 hours ago2 min read


LOGINK's Global Expansion Collapses as China's Maritime Data Platform Retreats
Four years after US officials warned that China was developing a potential “trade superweapon,” the country's state-backed logistics data platform LOGINK has suffered a major retreat from the international shipping industry.

By The Financial District
17 hours ago2 min read


Ex-CIA Official Pleads Guilty to $194 Million Fraud Involving Gold Bars
Former CIA official David J. Rush pleaded guilty in federal court to wire fraud after admitting that he defrauded the US government of approximately $194 million through schemes involving fictitious government programs, luxury properties and gold bars.

By The Financial District
17 hours ago1 min read


PSE Index Tumbles 2.20% as Rate-Hike Fears Weigh on Market
The Philippine Stock Exchange (PSE) index tumbled 2.20%, or 126.30 points, to close at 5,610.39 on Thursday, with the benchmark ending at its intraday low as selling pressure intensified.

By The Financial District
17 hours ago1 min read


Brett Adcock's $23 Billion Fortune Rests on a Humanoid Robot Bet
Brett Adcock has spent the past decade building companies around technologies that he believes will transform the future. His first major fortune came from Vettery, the job-search company he co-founded and sold for $110 million in 2018.

By The Financial District
24 hours ago1 min read
Suez Canal Has Lost About $20 Billion in Revenue, Egypt's Sisi Says
Egyptian President Abdel-Fattah el-Sissi says Egypt has lost approximately $20 billion in Suez Canal revenue in recent years as regional instability disrupted shipping through the strategic waterway.

By The Financial District
1 day ago1 min read


Mark Thompson Stays at CNN as Skydance Takes Control of Warner Bros. Discovery
Mark Thompson will remain chairman and editor-in-chief of CNN under Skydance following the completion of Paramount's acquisition of Warner Bros. Discovery, CNN's parent company.

By The Financial District
1 day ago1 min read


Saudi Arabia Confirms Attacks on Two Airports, Three Injured
Saudi Arabia's aviation authority said two airports in the kingdom were attacked Monday evening, causing three minor injuries and property damage.

By The Financial District
1 day ago1 min read


Bell Family Builds $2 Billion Fortune from "The Young and the Restless" and "The Bold and the Beautiful"
In 1966, NBC's Days of our Lives was reportedly facing cancellation when producers brought in William Bell, a veteran soap-opera writer who had already established himself in daytime television.

By The Financial District
1 day ago2 min read


U.S. Labor Market Adds Just 29,000 Jobs in September as Hiring Slows
The US labor market added just 29,000 jobs in September, while downward revisions to the previous two months pointed to a sharper loss of momentum than previously reported.

By The Financial District
1 day ago1 min read


China Adds 740,000 Ounces of Gold to Reserves in September
China added more gold to its reserves in September, extending the People's Bank of China's buying streak to 23 consecutive months. The People's Bank of China added 740,000 ounces of gold to its reserves in September, extending its monthly buying streak to 23 months. [Photo: Max12Max, Wikimedia Commons] The People's Bank of China increased its gold holdings by 740,000 troy ounces in September, according to data released Wednesday, continuing a prolonged accumulation of the pre

By The Financial District
1 day ago1 min read


Ukraine Uses FP-7 Tactical Ballistic Missile in Combat for First Time
Ukraine has used its FP-7 tactical ballistic missile in combat for the first time, President Volodymyr Zelenskiy said on Oct. 1, marking a milestone in the country's development of domestically produced missile systems.

By The Financial District
1 day ago2 min read
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