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As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows

As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows

U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels
Reuters Reuters
Morning Bid: Wrong sort of 'boom' to start the week

Morning Bid: Wrong sort of 'boom' to start the week

By Mike Dolan May 26 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets After a long weekend in the United States and many other countries, markets returned ready to cheer signs that an Iran peace plan was near agreement, with world crude
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U.S. Consumer Confidence Declines Amid Rising Inflation and Recession Concerns

U.S. Consumer Confidence Declines Amid Rising Inflation and Recession Concerns

U.S. Consumer Confidence Declines Amid Rising Inflation and Recession Concerns
Reuters Reuters
Stocks rise, oil and dollar slide on Middle East peace hopes

Stocks rise, oil and dollar slide on Middle East peace hopes

By Ankur Banerjee SINGAPORE, May 25 (Reuters) - U.S. stock futures rose on Monday while the dollar and oil prices slipped as the prospect of a deal to end the Iran war buoyed risk appetite although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check. 
Reuters Reuters
Wall St futures gain on US-Iran peace talk hopes

Wall St futures gain on US-Iran peace talk hopes

May 26 (Reuters) - U.S. stock index futures rose to record highs on Tuesday, as investors remained optimistic about Middle East peace negotiations despite recent strikes, while AI-led gains in chip stocks boosted sentiment. U.S.
Reuters Reuters
Morning Bid: Will they or won't they?

Morning Bid: Will they or won't they?

A look at the day ahead in European and global markets from Ankur Banerjee The ever-inching prospect of a deal to end the Iran war and open the Strait of Hormuz paved the way for investors to put on their risk-on hat on Monday, sending stocks in Tokyo and Taipei to record highs while pushing oil
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U.S. Stocks Surge Amid Middle East Peace Prospects, Oil and Dollar Decline

U.S. Stocks Surge Amid Middle East Peace Prospects, Oil and Dollar Decline

U.S. Stocks Surge Amid Middle East Peace Prospects, Oil and Dollar Decline
AP News AP News
Consumer confidence dented with gas prices around $4.50 and inflation still elevated

Consumer confidence dented with gas prices around $4.50 and inflation still elevated

U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels
Rapid Read Rapid Read
President Trump Faces Challenges in Iran Conflict Amid Strategic Setbacks

President Trump Faces Challenges in Iran Conflict Amid Strategic Setbacks

Three months into the conflict with Iran, President Trump is facing significant challenges in achieving his stated objectives. Despite initial military successes, Iran maintains control over the Strait of Hormuz and has resisted nuclear concessions. The conflict has led to high U.S. gasoline prices and low approval ratings for Trump, who is under pressure ahead of the midterm elections. Analysts suggest that the war, initially intended as a short-term engagement, is becoming a long-term strategic failure. The situation is further complicated by Iran's continued military capabilities and the lack of support from traditional European allies.
Reuters Reuters
Trump talks up his ballroom plan dozens of times but plays down Americans' economic pain

Trump talks up his ballroom plan dozens of times but plays down Americans' economic pain

By Steve Holland, Andy Sullivan, Richard Cowan and Nandita Bose WASHINGTON, May 24 (Reuters) - Standing in front of the White House ballroom construction site, U.S.
TheStreet TheStreet
Investors drop bold Fed rate-cut signal to Warsh

Investors drop bold Fed rate-cut signal to Warsh

Is Kevin Warsh going to be a markets-friendly Fed Chair? In one word, yes. But not in the short term, investors agree. They hope that the “regime change” Warsh promised during his nomination process will keep the U.S. economy as resilient as Warsh’s 18 new colleagues at the central bank say it is. ...
TheStreet TheStreet
Another top Fed official resets rate-cut bets

Another top Fed official resets rate-cut bets

After months of market expectations of rate cuts this year, Federal Reserve Governor Christopher J. Waller signaled a major hawkish shift and warned that the U.S. central bank may need to raise interest rates due to the inflation risks from the Iran War.  The central bank’s current ...