US stocks hit new highs as Trump signals decision on Iran deal nears
US stocks climbed on Friday while crude oil prices fell sharply after President Donald Trump signaled that a decision on a potential agreement with Iran could be imminent. In a…
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Category: Business
MLB owners have proposed a salary cap for the first time since baseball’s 1994-95 strike
Major League Baseball owners made their long-expected salary cap proposal to the players’ association on Thursday, a system the union has vowed never to accept, setting the sides on course…
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…
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…
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…
US Q1 GDP growth revised down to 1.6% as spending slows
Wall Street and currency markets remained cautious on Thursday after revised government data showed the US economy expanded more slowly than previously estimated during the first quarter of 2026. The…
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…
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…