U.S. stocks rallied on Monday and crude prices dropped after the U.S. and Iran announced they have reached a deal to end the war and reopen the Strait of Hormuz, the closure of which has rattled markets worldwide and sparked fears of systemic inflation.
A U.S. Air Force B-52 Stratofortress bomber, designed to carry nuclear and conventional weapons, crashed on Monday shortly after takeoff from Edwards Air Force Base in Southern California’s Mojave Desert, the base said.
California Governor Gavin Newsom on Monday accused President Donald Trump of directing the Justice Department to undertake a politically motivated investigation of him and his wife.
The White House and Justice Department have both denied any impropriety with Trump’s clemency actions.
The Trump administration and Iran’s leadership agreed on Sunday to terms to end their war and reopen the Strait of Hormuz, a development that has delivered significant relief to global markets.
The four-day poll gathered responses before and after Trump announced on Sunday that he and Iranian leaders had agreed to end the war.
Nvidia will raise $20 billion through a U.S. bond issuance, a source told Reuters on Monday, tapping the debt market to fund the massive capital requirements to produce cutting-edge AI chips.
Sweden’s parliament passed a law on Monday allowing authorities to revoke immigrants’ residency permits based on bad behaviour, such as having unpaid debts, doing undeclared work or links to extremist organisations.
Iran’s theocratic rulers have seen off a U.S. military campaign but their real problems may be about to begin: managing the competing demands of hardliners buoyed by surviving the onslaught and those of an impoverished, angry people.
Wall Street’s main indexes rose on Monday, with the Dow touching an intraday high after the United States and Iran struck a preliminary agreement to end the Middle East war and reopen the Strait of Hormuz, leading to a sharp fall in crude prices.