Wall Street rallies as trade optimism and easing geopolitical risks boost stocks. Nike soars 18% on earnings, oil plunges and the dollar hits multi-year lows.
Beyond inflation, the Bureau of Economic Analysis’ report showed signs of consumer fatigue with personal spending falling 0.1% and personal income dipping 0.4% in May.
EU Council President Antonio Costa said the increase in defense budgets across NATO allies will likely include an uptick in purchases from American defense manufacturers, helping rebalance transatlantic trade.
In a potential game-changer for the cryptocurrency mining sector, Morgan Stanley has forecasted that CoreWeave Inc.‘s (NASDAQ:CRWV) proposed acquisition of Core Scientific Inc. (NASDAQ:CORZ) could boost the
He reiterated President Donald Trump’s comments from earlier at the White House, regarding the signing of the China trade deal a day ago, and being very close to the finish line with India.
Addressing reporters at the White House, Leavitt said the July 9 deadline is “not critical,” but that an extension is a decision for the President to make.
While U.S. President Donald Trump says that these sites have been “obliterated,” Iran told the International Atomic Energy Agency (IAEA) that there has been no increase in off-site radiation at the three facilities hit by the U.S.
Wall Street entered full rally mode on Thursday, with the Nasdaq 100 extending its record-setting climb and the S&P 500 approaching its February peak, as easing geopolitical fears and renewed hopes for a dovish Federal Reserve lifted investor sentiment.
He echoed Federal Reserve Chair Jerome Powell’s remarks that the impact of President Trump’s tariffs on prices of goods has not been seen so far, but said he anticipates that “more pressure is coming.”
IAEA chief Rafael Grossi’s analysis was echoed by the CIA, too, with Director John Ratcliffe stating that the Iranian nuclear program was “severely” damaged in the recent strikes.
Iran’s Supreme Leader Ayatollah Ali Khamenei accused U.S. President Donald Trump of overstating the impact of American airstrikes on three Iranian nuclear sites over the weekend.
