President Donald Trump on Wednesday appeared to embrace data showing inflation has risen more than 4%, telling reporters that he “loved” inflation and reiterating his belief that prices will fall as soon as the Iran war ends.
Author: admin
Thousands took to the streets of Albania’s capital Tirana on Wednesday in the largest demonstration yet against the development of a luxury resort planned by U.S. President Donald Trump’s son-in-law Jared Kushner.
When Nick Bilton, the new head of “60 Minutes,” showed up at his first staff meeting last week, the CBS newsmagazine was already in turmoil. His predecessor was fired days before and several correspondents had either left or were pushed out.
Oil prices rose nearly $3 a barrel on Wednesday after President Donald Trump said the U.S. is going to attack Iran “very hard” if no peace deal is finalized and as market data showed a larger-than-expected drawdown in U.S. crude inventories.
The S&P 500 is struggling to stay above a critical technical level after last week’s sharp selloff resumed on Tuesday. Traders will be watching closely to see whether it closes above or below that level on Friday, which may determine whether the U.S. benchmark index makes a fresh run toward record highs or deepens its retreat.
Wall Street’s major indexes extended declines on Wednesday, as technology stocks remained under pressure and renewed tensions between the United States and Iran overshadowed a tame inflation reading.
The World Cup will kick off under familiar North American summer threats: extreme heat, suffocating humidity and thunderstorms capable of delaying matches with little warning.
Track the reach and scale of the worldwide rally
The opinions expressed in this column are those of the author, a correspondent for Reuters.
SpaceX’s much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action.