S&P 500 rebounds on reports of US-Iran 60-day ceasefire MoU
Wall Street reversed a weak start and turned positive on Thursday after reports emerged that the United States and Iran had reached a preliminary agreement aimed at extending the current…
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Category: Business
India cuts monsoon forecast to 90% of normal, raising crop worries
India’s weather office on Friday downgraded its forecast for the 2026 southwest monsoon, predicting rainfall at just 90% of the long-period average (LPA), marking the first below-average season in three…
Judge declines to jail teenager accused of killing stepsister aboard cruise ship
MIAMI — A federal judge on Wednesday declined to jail a Florida teenager accused of killing and sexually assaulting his stepsister, allowing him to remain in the custody of a…
In major shake-up, CBS replaces ‘60 Minutes’ executive producer with tech journalist
CBS News editor-in-chief Bari Weiss on Thursday replaced Tanya Simon, the executive producer of the network’s flagship newsmagazine “60 Minutes,” with a technology journalist who has never worked in television…
ASX 200 index on edge as Australian bond yields fall after inflation cools
The ASX 200 Index remained in a tight range while Australian bond yields fell after the latest consumer inflation report. It was trading at A$8,660, a few points below this…
US mortgage rates hit nine-month high as inflation concerns grow
The interest rate on the most popular US home loan climbed to a nine-month high last week as elevated oil prices linked to the Iran war fueled inflation concerns and…
US-Iran talks hang in balance after fresh strikes as markets watch for breakthrough
Negotiations between the United States and Iran entered a precarious new phase on Tuesday after overnight American strikes in southern Iran intensified fears of a wider regional confrontation. The escalation…
Weak inflows leave rupee exposed as oil prices stay high, warns ING
India’s rupee is under mounting pressure as oil prices stay elevated, with ING Economics ’ Deepali Bhargava warning that weak capital inflows, rather than the current account deficit, are driving…
US consumer confidence slips as Iran war-driven price pressures weigh on households
US consumer confidence edged lower in May as rising gasoline prices and growing concerns over the economic fallout from the conflict involving Iran continued to pressure household sentiment. Data released…