Iran launched dozens of drones toward Israel on Saturday, marking an escalation of the Middle East conflict. The Israeli military said they are prepared to defend. Photo: Israel Defense Forces
Walt Disney World will host dozens of portraits of service members and veterans from the nation's Painter-in-Chief. The George W. Bush Institute will loan the 60 color portraits by the former U.S. president to the Florida theme park resort. The paintings of service members and veterans will be displayed for a year at Epcot's American Adventure pavilion starting next month.
The former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group (TMTG), increasing his stake from 57.6% as of March. Reuters reported last week that Trump would secure a stock bonus worth $1.3 billion from TMTG, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The bonus also reflects the exuberant trading in TMTG's shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.
Uranium stocks surged as the Biden administration considers an executive order to ban Russian imports of enriched uranium due to stalled congressional efforts, citing economic risk and dependency concerns.
The billionaire businessman might seem like the best bet for markets — except for a few peculiarities that worry investors.
Retirees should have more money in their pockets with this proposed legislation.
U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates. The Labor Department reported Wednesday that employers posted 8.5 million vacancies in March, down from 8.8 million in February and the fewest since February 2021. When the Federal Reserve began raising interest rates in March 2022 to combat a resurgence in inflation, the higher borrowing costs were expected to tip the economy into recession and push up unemployment.
Rising layoffs and sluggish job growth are major signs the economy is already in a hard landing, one top forecaster says.
U.S. central bank officials will conclude their latest two-day policy meeting on Wednesday with a new statement and comments from Federal Reserve Chair Jerome Powell that could give a clearer sense of how recent disappointing inflation readings have changed the expectation for interest rate cuts this year. The Fed is almost certain to hold its benchmark overnight interest rate steady, with investors placing nearly a 100% probability on that outcome and no support for any changes to the policy rate offered by officials ahead of the meeting. But a new policy statement issued at 2 p.m. EDT (1800 GMT) and Powell's press conference half an hour later should provide insight into how deeply a stretch of three lost months in the inflation battle has affected the likelihood that borrowing costs will fall any time soon.
The Fed is expected to keep interest rates at a 23-year high Wednesday, but investors will be listening for any signs of how long they will have to wait before cuts can begin.
U.S. construction spending unexpectedly fell in March likely as a resurgence in mortgage rates weighed on homebuilding, but activity remains supported by an acute housing shortage. The Commerce Department's Census Bureau said on Wednesday that construction spending slipped 0.2% after being unchanged in February. Economists polled by Reuters had forecast construction spending gaining 0.3%.