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The Latest Breaking News from United States

Pentagon says US has spent $29 billion on Iran war so far, amid concerns over weapons stockpiles

Defence Secretary Pete Hegseth came under intense questioning by Democratic and Republican lawmakers over the cost of war, Trump's end game and diminishing weapons stockpiles.

Euronews

US grocery prices rose in April, but gas spikes weren't the only reason

Americans paid more for their groceries in April, but high gas prices were only one of the reasons why

The Independent UK

US Stock Market: Tight credit spreads and robust liquidity fuel US bond market surge

US corporate bond markets are experiencing a strong rally, driven by tightening credit spreads, increased issuance, and robust economic fundamentals. Investors are deploying sidelined cash into risk assets, attracted by higher yields and ample liquidity, despite geopolitical tensions. Healthy corporate balance sheets and stable earnings trends underpin this confidence.

The Economic Times

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B&G Foods Q1 Earnings Call Highlights

B&G Foods (NYSE:BGS) reported a first-quarter loss as divestiture-related charges weighed on results, while management said the company is making progress reshaping its portfolio toward higher-margin businesses and reducing leverage. On the company’s fiscal first-quarter 2026 earnings call, Chief E

MarketBeat

10,000 foreign students, including Indians, under ICE scanner for OPT fraud

US Immigration and Customs Enforcement (ICE) has identified 10,000 foreign students, including some from India, misusing the Optional Practical Training (OPT) program. These students are allegedly working for suspect employers, with some beneficiaries being managed from India, violating program rules. ICE stated the OPT program has become a "magnet for…

The Economic Times

Sandra Oh, Kumail Nanjiani and Bowen Yang are in a HBO doc on being Asian American, Pacific Islander

Timed for release during AAPI Heritage Month, “The A List: 15 Stories from Asian and Pacific Diasporas” has dropped on HBO Max

The Independent UK

Soaring inflation and plummeting economy test Iran's ability to withstand war and US blockade

The struggles of Iran's economy are testing its ability to withstand the war and defy Washington’s demands

The Independent UK

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US Stock Market: Fed’s Goolsbee flags rising inflation risks after weak April data

Chicago Fed President Austan Goolsbee raised concerns over rising U.S. services inflation, saying recent data showed price pressures moving in an unfavourable direction. He noted inflation remains sticky despite a stable labour market, reinforcing caution among policymakers as the Federal Reserve continues to assess its rate path amid mixed economic…

The Economic Times

She wrote a book about her husband’s death. Now she’s being sentenced for his murder

Kouri Richins was convicted in March of aggravated murder for lacing her husband's cocktail with five times the lethal dose of fentanyl

The Independent UK

US faces ‘reading recession’ as school test scores continue to decline

Between 2022 and 2025, only five states and the District of Columbia had meaningful growth in reading scores

The Independent UK

Trump lands in China for high-stakes summit with Xi Jinping, as Iran war looms over talks

The US president arrives with tech leaders including Elon Musk and Tim Cook, with trade, AI and Taiwan all set to be discussed

The Guardian - UK

Sensex rises 50 points, Nifty closes above 23,400 as markets snap 4-session losing streak; metal stocks shine

Indian stock markets ended in the green, with Sensex and Nifty snapping a four-session losing streak. This occurred despite the rupee hitting a fresh lifetime low. Metal stocks surged following a government hike in import duties, while IT stocks saw declines. Midcap and smallcap indices also recorded gains.

The Economic Times

Ahead of Trump-Xi summit, China warns on US arms sales to Taiwan

China strongly opposes U.S. arms sales to Taiwan, urging Washington to honor commitments ahead of President Trump's Beijing summit. Beijing views Taiwan as its territory and a core interest, while the U.S. is legally bound to provide defensive means. Taiwan's reduced defense budget approval raises concerns about Beijing using it…

The Economic Times

US, China begin fresh trade talks in South Korea ahead of Trump’s Beijing visit

Senior officials from the US and China are holding trade talks in Seoul. This meeting precedes President Donald Trump's visit to Beijing. Discussions will cover trade items like soybeans and minerals. The ongoing conflict involving Iran is also on the agenda. Several top business leaders will accompany President Trump.

The Economic Times

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The Economic Times

Silver jumps Rs 17,000/kg, gold soars to Rs 1.62 lakh/10g after centre hikes import duty. What should investors do?

Gold and silver prices surged on MCX after the government hiked customs duty on precious metal imports to 15%. This led to significant jumps in July 2026 silver futures and June 2026 gold futures. The move follows a rise in U.S. consumer inflation, impacting global market sentiment and reducing expectations…

The Guardian - AU

Plan for $1.5bn Trump Tower on Gold Coast scrapped because brand ‘toxic to Australians’

The Surfers Paradise development has been abandoned with Altus Property Group and the Trump Organization blaming each other

International Business Times UK

Jason Collins, 47, Dies of Brain Cancer: About the Deadly Glioblastoma That Took NBA's First Openly Gay Player

Jason Collins, the first openly gay NBA player, has died at 47 after an eight-month battle with glioblastoma, leaving a legacy of courage and inclusivity in sports.

The Economic Times

Dr Reddy's shares in focus after Q4 net profit tumbles 86% YoY; Morgan Stanley, Goldman Sachs weigh in

Dr. Reddy's Laboratories shares: The pharma major posted a sharp 86% YoY drop in Q4FY26 consolidated net profit to Rs 221 crore, compared with Rs 1,587 crore a year ago. Following the weak earnings performance, several brokerages cut their target prices on the stock.

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The Independent UK

Russia launches massive daytime attack with over 200 drones across Ukraine

Kremlin claims trilateral work to end the war continues as Putin’s forces attack Zelensky’s hometown

AAP

Socceroos great Cahill in line to net top FA role

Tim Cahill could be in line for a surprise return to Australian football, with the Socceroos great a target to fill a newly created Football Australia vacancy.

International Business Times UK

'Bing. Bing. Gone.' Trump Shares AI Laser Attack Images on Iran as Pentagon Tech Official Posts Matching Message

Donald Trump shared an AI-generated image of a US warship using laser weapons against Iranian targets, sparking debate amid ongoing tensions in the Strait of Hormuz.

The Conversation

A real ‘intergenerational equity’ budget would address our unceasing environmental decline

Last night, Labor unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform. It comes at a time where politics is consumed with the international shocks created by US President Donald Trump, whether through chaotic tariff announcements or the US-Israel war with Iran.

MarketBeat

Andersen Group Q1 Earnings Call Highlights

Andersen Group (NYSE:ANDG) reported first-quarter 2026 revenue and adjusted EBITDA above its prior guidance, with management pointing to broad-based organic growth across tax service lines, higher revenue per professional and an active acquisition pipeline expected to contribute more meaningfully in

MarketBeat

a.k.a. Brands Q1 Earnings Call Highlights

a.k.a. Brands (NYSE:AKA) reported a stronger-than-expected start to fiscal 2026, with first-quarter net sales rising 3% to $132.5 million and Adjusted EBITDA increasing to $5.1 million, management said on the company’s earnings call. Chief Executive Officer Ciaran Long said the results reflected “s

MarketBeat

Verrica Pharmaceuticals Q1 Earnings Call Highlights

Verrica Pharmaceuticals (NASDAQ:VRCA) reported higher first-quarter revenue and record demand for its molluscum contagiosum treatment YCANTH, while outlining progress on late-stage development programs in common warts and basal cell carcinoma. President and Chief Executive Officer Jayson Rieger sai

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