News Archive

May 28, 2026Connected

359 storiesLast updated: 1:30:58 AMPage 2 of 6

Stocks

StocksBullishUpdated

US-Iran Breakthrough to Reopen Strait of Hormuz Triggers Oil Slump and Wall Street Rally

Key Facts

•A diplomatic memorandum has been finalized including a 30-day timeline to lift the naval blockade and reopen the Strait of Hormuz.
•WTI Crude prices fell below $90 as international risk premiums evaporated following the diplomatic news.

Impact:

7/10

WTI

5 months ago

Crypto

CryptoBearishUpdated

BlackRock Bitcoin ETF Sees Massive $527.8M Outflow Amid Market Volatility

Key Facts

•BlackRock's Bitcoin ETF offloaded $527.8 million worth of the cryptocurrency.
•The institutional offloading has sparked concerns over market volatility and negatively impacted trader sentiment.

Impact:

6/10

IBIT BTC

5 months ago

Bonds

BondsBearish

JGB Yields Climb to 2.72% on Fiscal Expansion Fears and Hawkish BoJ Bets

Key Facts

•The benchmark 10-year JGB yield rose 3 basis points to 2.72% following reports of a plan to issue bridging bonds.
•The ruling LDP plans to issue bridging bonds to finance government investment across 17 strategic areas.
•BoJ Governor Ueda stated that temporary energy shocks could become persistent, reinforcing June rate hike speculation.

Impact:

6/10

5 months ago

Mergers & Acquisitions

Mergers & AcquisitionsBullish

STB Accepts Union Pacific and Norfolk Southern Merger Application

Key Facts

•The U.S. Surface Transportation Board (STB) has accepted the merger application from Union Pacific and Norfolk Southern.

Impact:

6/10

UNP NSC

5 months ago

Commodities

CommoditiesBullish

US Oil Inventories Drop More Than Expected Amid Rising Seasonal Demand

Key Facts

•US crude oil inventories decreased by 3.3 million barrels to 441.7 million barrels for the week ending May 22.
•US commercial oil stockpiles are now 2% below the five-year average for this time of year.

Impact:

6/10

5 months ago

Forex

ForexBullishUpdated

Middle East Military Escalation Boosts Dollar as Markets Await US PCE Data

Key Facts

•The US dollar held firm near a one-week high following reports of new US strikes targeting a military site in Iran.
•The Japanese yen softened towards the 160 level that triggered central bank intervention last month.

Impact:

6/10

USDJPY=X JPY=DXY

5 months ago

Macro Economy

Macro EconomyMixed

US and Mexico Launch Trade Talks to Tighten Automotive Rules of Origin

Key Facts

•U.S. and Mexican negotiators began formal talks to revamp the North American trade deal.
•Washington is demanding stronger regional rules of origin, including a U.S.-specific minimum level of content for vehicles built in Mexico.

Impact:

6/10

F GM TM HMC

5 months ago

Geopolitics

GeopoliticsBearishUpdated

US Stock Futures Slip as Geopolitical Tensions Escalate Between Washington and Tehran

Key Facts

•US stock index futures for the Dow, S&P 500, and Nasdaq edged lower as geopolitical tensions escalated.
•Tehran targeted a US airbase following fresh strikes by Washington, dampening hopes for an imminent compromise.
•President Trump rejected reports suggesting he was close to reaching a compromise agreement with Iran.

Impact:

6/10

5 months ago

Central Banks

Central BanksBearish

South Africa Hikes Rates in Surprise Move Amid Iran Conflict Risks

Key Facts

•South Africa's central bank implemented an early interest rate hike to counter the economic impacts of the Iran war.

Impact:

6/10

5 months ago

May 28, 2026Connected

359 storiesLast updated: 1:30:58 AMPage 2 of 6

Stocks

StocksBullishUpdated

US-Iran Breakthrough to Reopen Strait of Hormuz Triggers Oil Slump and Wall Street Rally

Key Facts

•A diplomatic memorandum has been finalized including a 30-day timeline to lift the naval blockade and reopen the Strait of Hormuz.
•WTI Crude prices fell below $90 as international risk premiums evaporated following the diplomatic news.

Impact:

7/10

WTI

5 months ago

Crypto

CryptoBearishUpdated

BlackRock Bitcoin ETF Sees Massive $527.8M Outflow Amid Market Volatility

Key Facts

•BlackRock's Bitcoin ETF offloaded $527.8 million worth of the cryptocurrency.
•The institutional offloading has sparked concerns over market volatility and negatively impacted trader sentiment.

Impact:

6/10

IBIT BTC

5 months ago

Bonds

BondsBearish

JGB Yields Climb to 2.72% on Fiscal Expansion Fears and Hawkish BoJ Bets

Key Facts

•The benchmark 10-year JGB yield rose 3 basis points to 2.72% following reports of a plan to issue bridging bonds.
•The ruling LDP plans to issue bridging bonds to finance government investment across 17 strategic areas.
•BoJ Governor Ueda stated that temporary energy shocks could become persistent, reinforcing June rate hike speculation.

Impact:

6/10

5 months ago

Mergers & Acquisitions

Mergers & AcquisitionsBullish

STB Accepts Union Pacific and Norfolk Southern Merger Application

Key Facts

•The U.S. Surface Transportation Board (STB) has accepted the merger application from Union Pacific and Norfolk Southern.

Impact:

6/10

UNP NSC

5 months ago

Commodities

CommoditiesBullish

US Oil Inventories Drop More Than Expected Amid Rising Seasonal Demand

Key Facts

•US crude oil inventories decreased by 3.3 million barrels to 441.7 million barrels for the week ending May 22.
•US commercial oil stockpiles are now 2% below the five-year average for this time of year.

Impact:

6/10

5 months ago

Forex

ForexBullishUpdated

Middle East Military Escalation Boosts Dollar as Markets Await US PCE Data

Key Facts

•The US dollar held firm near a one-week high following reports of new US strikes targeting a military site in Iran.
•The Japanese yen softened towards the 160 level that triggered central bank intervention last month.

Impact:

6/10

USDJPY=X JPY=DXY

5 months ago

Macro Economy

Macro EconomyMixed

US and Mexico Launch Trade Talks to Tighten Automotive Rules of Origin

Key Facts

•U.S. and Mexican negotiators began formal talks to revamp the North American trade deal.
•Washington is demanding stronger regional rules of origin, including a U.S.-specific minimum level of content for vehicles built in Mexico.

Impact:

6/10

F GM TM HMC

5 months ago

Geopolitics

GeopoliticsBearishUpdated

US Stock Futures Slip as Geopolitical Tensions Escalate Between Washington and Tehran

Key Facts

•US stock index futures for the Dow, S&P 500, and Nasdaq edged lower as geopolitical tensions escalated.
•Tehran targeted a US airbase following fresh strikes by Washington, dampening hopes for an imminent compromise.
•President Trump rejected reports suggesting he was close to reaching a compromise agreement with Iran.

Impact:

6/10

5 months ago

Central Banks

Central BanksBearish

South Africa Hikes Rates in Surprise Move Amid Iran Conflict Risks

Key Facts

•South Africa's central bank implemented an early interest rate hike to counter the economic impacts of the Iran war.

Impact:

6/10

5 months ago

StocksBearish

Zscaler Plummets 31% Despite Earnings Beat as Short Sellers Pressure PicoCELA

Key Facts

•Zscaler stock fell 31.52% to $126.41 despite reporting strong Q3 results that beat earnings and revenue estimates.
•PicoCELA Inc. saw a 17.58% price drop driven by a massive 29,900.8% increase in short interest in December.
•The KraneShares 2X Long PDD Daily ETF declined 20.99%, highlighting the inherent volatility of leveraged financial products.

Impact:

6/10

ZS PDD

5 months ago

StocksMixedUpdated

Dollar General Stock Plummets 30% in 3 Months as New CEO Appointed to Lead Turnaround

Key Facts

•Dollar General stock has fallen over 30% in three months, trading near its 52-week low.
•The company appointed Jerry “JJ” Fleeman as the new CEO, effective January 1, 2027, to focus on cost control.

Impact:

6/10

5 months ago

StocksBullish

GSK Hepatitis B Drug Shows Promise in Pivotal Late-Stage Trials

Key Facts

•GSK reported that its drug candidate bepirovirsen helped nearly a fifth of patients achieve a functional cure in two late-stage clinical trials.

Impact:

6/10

GSK GSK.L

5 months ago

StocksBearishUpdated

Li Auto Q1 Revenue Beats Estimates Despite Wider-than-Expected Loss

Key Facts

•Chinese carmaker Li Auto is suffering losses due to slowing demand for its specialized plug-in hybrid vehicles.

Impact:

6/10

2015.HK

5 months ago

StocksBullishUpdated×4

Costco Same-Store Sales Surge 9.8% on Gasoline Sales Boost in Q3

Key Facts

•Costco reported an 11% increase in net sales compared to the year-ago period.
•Adjusted comparable sales for the retailer increased by 6.6% for the quarter.

Impact:

6/10

COST

5 months ago

StocksBullish

NVIDIA Pledges $150B Taiwan Investment to Secure AI Supply Chain

Key Facts

•NVIDIA plans to spend $150 billion in Taiwan to bolster AI supply chains.

Impact:

6/10

NVDA TSM

5 months ago

StocksBullish

Johnson Matthey Profits Jump 14% Amid $460M Acquisition and Restructuring

Key Facts

•Johnson Matthey reported a 14% increase in underlying operating profit to £340 million for the 2025/2026 fiscal year.
•The company announced a $460 million acquisition of Cormetech to expand its emissions-control business.
•The company is progressing with the sale of its Catalyst Technologies division as part of a broader restructuring plan.

Impact:

6/10

JMPLY

5 months ago

StocksBullish

XTEND Selected for Phase II of $1B DoD Drone Dominance Program

Key Facts

•XTEND was selected for Phase II of a U.S. Department of Defense initiative aimed at procuring over 200,000 drones by 2027.

Impact:

6/10

5 months ago

StocksBullish

Thermo Fisher Stock Surges 5.14% on Q1 Earnings Beat and Raised Full-Year Guidance

Key Facts

•Thermo Fisher stock rose 5.14% on May 28 after Q1 results exceeded analyst expectations.
•The company raised its full-year adjusted EPS guidance despite the dilutive sale of its microbiology business.
•The company launched advanced mass spectrometers and strategically expanded into Sweden's life sciences sector.

Impact:

6/10

TMO

5 months ago

StocksBullish

UK Clears $3.4 Billion Suzano and Kimberly-Clark Joint Venture

Key Facts

•The UK competition watchdog cleared a $3.4 billion joint venture between Suzano and Kimberly-Clark.

Impact:

6/10

KMB

5 months ago

StocksBullish

Boeing CEO Views China Jet Order as Initial Tranche of Larger Deal

Key Facts

•Boeing's CEO stated that China's commitment to buy 200 jets is an initial tranche of a potentially much larger deal.
•The 200-jet order is expected to be firmed up later this year.

Impact:

6/10

5 months ago

StocksBullish

Northern Star Eyes Turnaround with A$500M Buyback and Leadership Shift

Key Facts

•Northern Star Resources announced a new A$500 million share buyback program.
•The company maintains a robust balance sheet with A$320 million net cash after dividends.
•Expansion projects like KCGM and Hemi support future production growth despite previous guidance cuts.

Impact:

6/10

NESRF

5 months ago

StocksBearish

Australia Sues 3M for $2B Over PFAS Contamination at Military Bases

Key Facts

•The Australian Federal Government has sued 3M seeking over $2 billion in damages for PFAS contamination at 28 military bases.

Impact:

6/10

MMM

5 months ago

StocksBearishUpdated

XPeng Q1 Revenue Hits RMB 13.03B as Gross Margins Surge to 20.6%

Key Facts

•Chinese EV maker XPeng recorded a loss in Q1 2026 shortly after achieving profitability at the end of last year.
•The company's revenue slumped significantly at the start of the year despite achieving stronger profit margins.

Impact:

6/10

9868.HK

5 months ago

StocksBullish

Medtronic Evolut Outperforms Edwards Sapien in Major Clinical Trial Results

Key Facts

•The SMART trial indicated Medtronic's Evolut outperformed Edwards' Sapien in thrombosis rates and valve dysfunction.

Impact:

6/10

MDT EW

5 months ago

StocksBearish

BT Group Shares Slump 4% as UK Moves to Block Bharti Stake Increase

Key Facts

•BT Group shares fell nearly 4% following reports that the UK government would block Sunil Bharti Mittal from increasing his stake beyond 25%.

Impact:

6/10

BT.L

5 months ago

StocksBullish

Bitmine Immersion Discloses 5.39M ETH Holdings in 'Alchemy of 5%' Strategy

Key Facts

•Bitmine Immersion Technologies announced its ETH holdings reached 5.39 million tokens, representing 4.47% of the total supply.

Impact:

6/10

BMNR BTC ETH

5 months ago

StocksBearish

Li Auto and XPeng Miss Q1 Estimates as Chinese EV Competition Intensifies

Key Facts

•Li Auto reported a first-quarter loss of 15 cents per share, wider than the 13 cents loss expected by Wall Street.
•XPeng reported a loss of 13 cents per share, missing the analyst consensus of a 10 cent loss.

Impact:

6/10

2015.HK 9868.HK

5 months ago

StocksBullish

IBM Commits $5B to Cybersecurity Amid Open-Source Software Risks

Key Facts

•IBM is investing $5 billion into a new cybersecurity push to address vulnerabilities in open-source software.
•IBM CEO Arvind Krishna stated that the launch of Anthropic's Mythos was the critical triggering factor for the investment.

Impact:

6/10

IBM

5 months ago

StocksBullish

Cboe Wins SEC Nod to Extend Trading Hours for Nvidia and Apple Options

Key Facts

•Cboe Global Markets received SEC approval to offer extended trading hours for select multi-listed equity options.
•The extended trading hours are scheduled to launch on July 13, 2026, covering options for major firms like Nvidia, Tesla, and Apple.

Impact:

6/10

CBOE NVDA TSLA AAPL

5 months ago

StocksBearish

EU Fines Temu €200 Million Over Illegal Product Sales and Safety Violations

Key Facts

•The European Commission fined Chinese-owned retailer Temu €200m for failing to prevent the sale of illegal products.

Impact:

6/10

PDD

5 months ago

StocksBullish

CTS Eventim Posts Double-Digit Q1 Growth, Reaffirms 2026 Outlook

Key Facts

•CTS Eventim reported a double-digit increase in first-quarter revenue and earnings.
•Management reiterated its full-year outlook for 2026.

Impact:

6/10

EVD

5 months ago

StocksBullish

Pfizer and Innovent Biologics Ink Strategic Deal to Develop 12 Cancer Therapies

Key Facts

•Innovent Biologics and Pfizer announced a global licensing and collaboration agreement to develop 12 new cancer medicines.

Impact:

6/10

1801.HK PFE

5 months ago

StocksBullish

Activist Voss Capital Urges Sempra to Spin Off Texas-Based Oncor Unit

Key Facts

•Activist investor Voss Capital urged Sempra to spin off its Texas-based Oncor electricity unit.

Impact:

6/10

SRE

5 months ago

StocksBullish

MongoDB Stock Surges on Q1 Earnings Beat and Raised Full-Year Guidance

Key Facts

•MongoDB reported first-quarter fiscal 2027 financial results that exceeded analyst expectations.
•The company raised its full-year fiscal 2027 outlook, triggering a surge in share price.

Impact:

6/10

MDB

5 months ago

StocksBullish

Sequans Clears Debt via Bitcoin Sale to Focus on IoT Semiconductor Core

Key Facts

•Sequans Communications completed the redemption of all remaining convertible debt issued in July 2025.
•The debt redemption was funded through the sale of a portion of the company's Bitcoin holdings.

Impact:

6/10

SQNS BTC

5 months ago

StocksBullish

GE Aerospace Secures US Air Force Contract for Autonomous Platform Engines

Key Facts

•GE Aerospace secured a U.S. Air Force contract for its new GE426 engine designed for autonomous combat platforms.

Impact:

6/10

5 months ago

StocksBullishUpdated×2

Kohl's Stock Surges 17% as Q1 Earnings Beat Estimates Despite Sales Headwinds

Key Facts

•Kohl's reported a diluted loss of $0.13 per share, beating Wall Street expectations of a $0.21 loss.

Impact:

6/10

KSS

5 months ago

StocksBearish

California Sues 23andMe Over Massive 2023 Data Breach

Key Facts

•California Attorney General Rob Bonta sued 23andMe over a data breach that occurred in 2023.

Impact:

6/10

5 months ago

StocksBearish

SentinelOne Cuts Revenue Forecast and 8% of Workforce to Pivot Toward AI

Key Facts

•Cybersecurity firm SentinelOne forecast second-quarter revenue below analyst expectations.
•The company plans to cut about 8% of its workforce to pivot investment toward AI, data, and cloud growth areas.

Impact:

6/10

5 months ago

StocksBullish

Hanwha and Ambarella Ink $800M Long-Term Edge AI Partnership

Key Facts

•Hanwha and Ambarella signed a 10-year agreement to develop edge AI technology with potential revenue exceeding $800 million.

Impact:

6/10

AMBA

5 months ago

StocksBearish

Universal Corp and ViaSat Post Surprise Q4 Losses, Missing Wall Street Estimates

Key Facts

•Universal Corp reported a loss of $0.46 per share, significantly missing the Zacks Consensus Estimate of $1.08 in earnings.
•ViaSat reported a quarterly loss of $0.02 per share, missing the Zacks Consensus Estimate of $0.25 in earnings.

Impact:

6/10

UVV VSAT

5 months ago

StocksBullish

US Court Rejects California's Bid to Block Sable Offshore Pipeline

Key Facts

•A U.S. District Court denied a bid by the California Department of Parks and Recreation to stop Sable Offshore Corp from moving oil on a disputed pipeline.

Impact:

6/10

5 months ago

StocksBullish

Superdrug Owner AS Watson Eyes $30B Dual IPO in London and Hong Kong

Key Facts

•Pharmacy chain Superdrug has grown almost twice as fast as its rival Boots over the past four years.

Impact:

6/10

5 months ago

StocksBearishUpdated×3

Gap Stock Plunges 14% on Revenue Guidance Cut Despite Q1 Earnings Beat

Key Facts

•Gap Inc. beat Q1 EPS estimates but lowered its full-year revenue outlook.
•The company's stock tanked 14% following the report due to the disappointing forward guidance.

Impact:

6/10

GAP

5 months ago

CryptoBearishUpdated

Bitcoin Slips Below $73K as US-Iran Military Tensions Escalate

Key Facts

•Bitcoin price dropped below the $73,000 level following the escalation of geopolitical tensions between the US and Iran.
•BlackRock's Bitcoin ETF (IBIT) recorded outflows of $527.8 million, negatively impacting market sentiment.
•Crypto liquidations jumped to over $927 million as the total market capitalization shed approximately $80 billion.

Impact:

6/10

BTC

5 months ago

CryptoBullish

BIS Project Agorá Proves Near-Instant Settlement for Tokenized Wholesale Payments

Key Facts

•The BIS Project Agorá demonstrated that wholesale payments can be settled in seconds using tokenized assets.

Impact:

6/10

5 months ago

CryptoBullish

VanEck Launches First U.S. Spot BNB ETF on Nasdaq

Key Facts

•VanEck launched the first U.S. spot BNB ETF under the ticker VBNB.
•The new ETF trades on Nasdaq and provides exposure to the token without requiring direct ownership.

Impact:

6/10

BNB BTC ETH SOL

5 months ago

CryptoMixed

VanEck Debuts First U.S. Spot BNB ETF Amid Market Volatility

Key Facts

•VanEck has launched the first U.S. spot BNB exchange-traded fund.
•Binance Coin traded lower alongside a broader crypto market sell-off tied to rising tensions between the U.S. and Iran.

Impact:

6/10

BNB BTC ETH

5 months ago

CryptoBullish

Ripple Secures Conditional OCC National Bank Charter Approval

Key Facts

•Ripple has received conditional approval for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC).
•Ripple is the first crypto-native firm to receive this type of approval from the OCC.

Impact:

6/10

XRP

5 months ago

CryptoBullish

Samsung Units Buy $408M Stake in Upbit Operator Dunamu

Key Facts

•Samsung Securities, SDS, and Card are set to buy a 4% stake in Dunamu, the operator of the Upbit exchange.

Impact:

6/10

BC94.L

5 months ago

CryptoBearish

Sui Network Hit by Major Outage Halting Transactions for Several Hours

Key Facts

•The Sui blockchain network experienced a significant period of downtime lasting several hours.
•This outage occurs just five months after the network's last recorded stall.

Impact:

6/10

SUI ETH SOL

5 months ago

CryptoBearish

Bitcoin and Ethereum ETFs See $1.4B Outflows as Investors Rotate to Altcoins

Key Facts

•Spot Bitcoin ETFs recorded net outflows of $1.26 billion over the past week.
•Total outflows from Bitcoin and Ethereum ETFs exceeded $1.4 billion, with total assets dipping below $100 billion.
•Altcoin products including XRP, SOL, and HYPE attracted fresh inflows despite the broader outflow trend.

Impact:

6/10

BTC ETH SOL XRP

5 months ago

Mergers & AcquisitionsBullish

Autodesk to Acquire MaintainX for $3.6 Billion to Expand Industrial AI Strategy

Key Facts

•Autodesk announced a definitive agreement to acquire MaintainX in an all-cash transaction valued at approximately $3.6 billion.

Impact:

6/10

ADSK

5 months ago

Mergers & AcquisitionsBullish

Butterfield to Acquire 91.7% Stake in CIBC Caribbean for $1.8 Billion

Key Facts

•Bank of N.T. Butterfield & Son agreed to acquire CIBC's 91.7% interest in CIBC Caribbean for $1.8 billion.

Impact:

6/10

5 months ago

Mergers & AcquisitionsBullish

MasterBrand and American Woodmark Finalize Merger to Create North American Cabinetry Leader

Key Facts

•MasterBrand and American Woodmark announced the successful completion of their all-stock merger transaction.

Impact:

6/10

4072.SR

5 months ago

Mergers & AcquisitionsBullish

Mission Produce Finalizes Calavo Growers Acquisition to Expand Produce Platform

Key Facts

•Mission Produce announced the completion of its acquisition of Calavo Growers to bolster its North American footprint.
•The acquisition aims to expand the product portfolio and deliver greater value to retail, wholesale, and foodservice customers worldwide.

Impact:

6/10

AVO

5 months ago

Mergers & AcquisitionsBearishUpdated

Regulators Pause $85B Union Pacific and Norfolk Southern Merger Review

Key Facts

•The U.S. Surface Transportation Board paused the review of the proposed $85 billion merger between Union Pacific and Norfolk Southern.
•Regulators requested more information after the companies submitted a revised application aiming to create a coast-to-coast freight rail operator.

Impact:

6/10

UNP NSC

5 months ago

CommoditiesBullish

Uniper CEO Warns of German Gas Shortage Risk for Upcoming Winter

Key Facts

•Uniper's CEO warned that Germany's gas storage facilities are not being filled quickly enough.

Impact:

6/10

5 months ago

CommoditiesBearishUpdated×3

Gold Breaks $4,400 Support to Hit 2-Month Low Amid US-Iran Military Escalation

Key Facts

•Gold price broke the key support level of $4,400 per ounce, reaching a two-month low.
•The sharp decline in gold prices is attributed to fresh military escalation between the US and Iran.

Impact:

6/10

XAU

5 months ago

GeopoliticsBearish

US to Ban Iranian Airlines from Landing and Refueling in Major Sanctions Escalation

Key Facts

•Scott Bessent stated the US will shut down Iranian airlines' access to landing spots, refueling, and ticket sales.

Impact:

6/10

5 months ago