Author: Press Room

SINGAPORE: Asian stocks soared to record highs on Thursday (May 7) while the US dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of Hormuz remains unresolved.Japan’s Nikkei returned from a long holiday to cross 62,000 for the first time, catching up on a blistering AI-led rally after robust earnings that also catapulted South Korean and Taiwan stocks to records.The benchmark Nikkei 225 index rose 4.19 per cent to 62,009.59. The broader Topix climbed 2.12 per cent to 3,807.84.MSCI’s broadest index of…

NewsFeedUS State Department spokesperson Tommy Piggott tells Al Jazeera that the United States is working to create conditions for “good faith conversations” between Lebanon and Israel, while accusing Hezbollah of trying to derail diplomacy through attacks and threats.Published On 7 May 20267 May 2026Click here to share on social mediashare-nodesSharegoogleAdd Al Jazeera on Googleinfo

Arm Holdings Inc (ARM) is pushing higher in extended hours after reporting a market-beating Q4 and offering upbeat guidance for its current financial quarter.In Q4, the chip designer earned 60 cents on a per-share basis (EPS) on $1.49 billion in revenue – both handily above 58 cents and $1.47 billion that the Street had forecast.Arm’s quarterly numbers represent a significant jump from the same period last year as well, fueled by a massive shift toward AI-integrated hardware.Year-to-date, ARM shares are now up more than 130% as investors continue to bet heavily on the firm’s transition from mobile dominance to data…

NEWYou can now listen to Fox News articles! A California immigration judge who was terminated by the Trump administration is alleging in a lawsuit against the Department of Justice (DOJ) that she was fired because she is a registered Democrat and because of her affiliations with immigrant-rights groups.The 14-page lawsuit, filed by Kyra Lilien, names the DOJ and acting U.S. Attorney General Todd Blanche as defendants.Lilien claims she was not retained past her probationary period due to a number of factors, including being a woman over the age of 40, being fluent in Spanish and her associations with the Hispanic…

NEWYou can now listen to Fox News articles! A video circulating widely on social media that appears to show a prominent California Muslim advocacy leader urging supporters to be “strategic” about how they express certain views publicly is drawing backlash and renewed scrutiny of the organization’s ties to state funding.The clip, shared on X, appears to show Zahra Billoo, executive director of the California chapter of the Council on American-Islamic Relations CAIR-CA, discussing how supporters should approach expressing controversial sentiments in public versus private settings.Fox News Digital has not independently verified the full context of the remarks or the complete…

The Kelowna Curling Club is reeling in the wake of an elaborate break-in and theft that has left it with thousands of dollars in damage. “It hurts my soul to know that there are people doing this kind of damage,” said Jock Tyre, general manager of the Kelowna Curling Club.Suspects broke into the Recreation Avenue facility in the downtown’s north end early Monday morning, but it’s the lengths they went to to get in that is most shocking,“This isn’t just homelessness, this isn’t drug addiction. This is something. This is a real criminal who planned this out,” Tyre told Global…

Check out the companies making headlines after the bell : Arm Holdings — The semiconductor company reversed earlier gains and tumbled 7% on underwhelming guidance. Arm called for first quarter earnings of 40 cents per share, plus or minus 4 cents, on revenue of $1.26 billion, plus or minus $50 million. That compares to the FactSet estimate of 37 cents per share on revenue of $1.25 billion. Arm also said that its mobile market unit growth will be flat or slightly negative in fiscal year 2027. DoorDash — Shares popped 12% after the food delivery giant issued rosy guidance for…

ASX continues upswing as Iran mulls US peace proposal | The West Australian Close navigation menuSubscribeLog In

TOKYO: Japan’s Nikkei share average shot to a record high on Thursday (May 7) as financial markets reopened after holidays, catching up with optimism over strong technology earnings and signs of a potential peace deal in the Middle East.The benchmark Nikkei 225 Index rose 3.38 per cent to an all-time high of 61,523.36 in early trading. The broader Topix climbed 2.02 per cent to 3,803.95.At 9.31am local time, the Nikkei was up 4.1 percent at 61,937.78 points. Japan’s markets are also responding to a stronger yen since the last trading day on Friday, following bouts of suspected intervention by Tokyo to…

new video loaded: South Korea’s First Robot Monk Joins Country’s Largest Buddhist SectGabi is a robot monk and a new member of South Korea’s largest Buddhist sect. During a ceremony at the Jogye Temple in Seoul on Wednesday, the robot promised to follow orders and not hurt other robots.By Jorge MitssunagaMay 6, 2026