The Iran war rocked global bond markets again in May, sending yields to multi-decade highs as traders priced in central bank rate hikes – only for signs of progress in peace talks and weak economic data to bring them sharply lower again.
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Wall Street’s major indexes extended their record run, heading for weekly and monthly gains on Friday, as gains in tech stocks and reports the U.S. and Iran had reached a deal fanned investor optimism.
The Justice Department announced the creation of an “Anti-Weaponization Fund” last week as part of an agreement to settle Trump’s lawsuit against the Internal Revenue Service over the leak of his tax records.
A 60-day ceasefire extension, including a reopening of Hormuz, may be awaiting President Donald Trump’s approval. Yet as April showed, declaring shipping routes clear doesn’t make it so. As reserves dwindle, Iran’s leverage rises. Oil at $92 per barrel could easily surge again.
Todd Blanche has drawn Republican ire over the planned fund for ‘weaponization’ victims.
Huntington Beach, the right-leaning California city that banned the Pride flag from City Hall, is heavily favored to get a new Democratic congressman who is gay, progressive and an outspoken critic of President Donald Trump.
Eleven children have been killed or injured on average every 24 hours in Lebanon over the last week, the U.N.’s children’s agency said on Friday, as Israel has expanded strikes across the country despite a ceasefire.
The Federal Aviation Administration ordered SpaceX to investigate why its Starship booster crashed into the Gulf of Mexico during a test flight last week.
Eight years after ousting a corruption-mired, centre-right government on the promise of cleaning up politics, Spain’s Socialist Prime Minister Pedro Sanchez is running out of road as graft accusations stack up against his party and family.
Markets are pricing in a U.S.-Iran deal, but U.S. President Donald Trump is yet to approve it and Iran saysit has not been finalized.