Acronyms like “TACO,” “FAFO” and “FOMO” increasingly reflect the behavior of retail investors, who are reacting to an incessant news flow to lean into short-term swings.
The Indian rupee strengthened for the third consecutive session on Monday, its longest winning streak in a month, powered by market interventions by the central bank and a slump in crude oil prices on hopes of a U.S.-Iran peace deal.
Philippine rescuers were racing against time on Monday in a search for possible signs of life more than 24 hours after the collapse of a building under construction in the city of Angeles, with crews carefully removing rocks and surrounding debris by hand.
Mexican President Claudia Sheinbaum said on Monday her government agreed to allow the Iranian national football team to stay in Mexico during the World Cup, adding that the United States did not want to host the team.
Turkey’s pro-Kurdish DEM Party condemned on Monday a court ruling that ousted the leadership of the main opposition CHP last week, calling a police operation to evict the leaders from the party’s headquarters a “disgrace to democracy”.
U.S. President Donald Trump said on Monday that he has asked countries including Qatar, Saudi Arabia, Pakistan, Egypt, Jordan and Turkey to join the Abraham Accords en masse to normalize relations with Israel as he tries to negotiate an agreement to end the war with Iran.
Jerome Powell served as a handy punching bag for the president. Kevin Warsh is Trump’s pick for Fed chair, and that means the president owns his results.
Farmers across Sudan say the hike in global fuel and fertilizer costs resulting from the Iran conflict will force them to cut back on planting this summer, restricting food production in a country where war has caused acute hunger.
Uganda has detected two more confirmed cases of Ebola, its health ministry said on Monday, bringing the total number of cases reported in the country to seven.