U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has now spoken with four of the 11 candidates on the administration's list of candidates to replace Fed chair Jerome Powell, whose term expires in May, the source said. Bloomberg first reported Bessent's meeting with Rieder, BlackRock's CIO of fixed income, and called him a rising contender for the post. The two met for two hours and discussed...
US President Donald Trump said on Sunday that the United States will continue to support Israel, adding that he hopes there will be a deal between Iran and Israel but that they have to fight. Trump opposed Israel's plan to assassinate Iran's Supreme Leader Ayatollah Ali Khamenei as the US president preferred to keep the US out of the fray for now. Key quotes Says he hopes there will be a deal between Iran and Israel, but sometimes you have to fight. Says he would not say whether he has asked Israel to stop attacks on Iran. Says the US will continue to support Israel in its...
The University of Michigan's preliminary consumer sentiment survey for June rose to 60.5 vs. 52.2 the previous month Median estimate 53.6; range 50.5 to 57.0 from 46 estimates Expectations index rose to 58.4 vs. 47.9 last month Current economic conditions index rose to 63.7 vs. 58.9 last month Median expected price change over the next year fell to 5.1% after 6.6% Largest one-month decline since 2001 Median expected price change over the next 5-10 years fell to 4.1% after 4.2%(alg) Source: Bloomberg
"There is still time to end this carnage, with the next attack already planned to be even more brutal," President Donald Trump said in a post on Truth Social. Says Iran must make a deal "before it's too late" Says he has told Iran to make a deal but they "can't do it"(alg) Source: Bloomberg
Iran launched more than 100 drones toward Israel early Friday after an overnight Israeli missile attack on the country killed at least three of its senior military leaders. "We can now confirm that the Chief of Staff of the Iranian Armed Forces, the Commander of the IRGC, and the Commander of Iran's Emergency Command were all killed in an Israeli attack on Iran," Israel Defense Forces spokeswoman Effie Defrin said. "Iran launched about 100 UAVs toward Israel, which we are working to intercept." Rocket sirens sounded in northern Jordan as Jordanian state media reported the country had...
Israel launched widescale strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders and that this was start of a prolonged operation to prevent Tehran from building an atomic weapon. Iranian media and witnesses reported explosions including at the country's main uranium enrichment facility at Natanz, while Israel declared a state of emergency in anticipation of retaliatory missile and drone strikes. Iran's elite Revolutionary Guards corps said its top commander, Hossein Salami, was killed and state media reported the unit's...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's...