President Donald Trump said that Khamenei should be thanking him, instead of making false claims, for saving Iran’s leader from “a very ugly and ignominious death.”
Beyond inflation, the Bureau of Economic Analysis’ report showed signs of consumer fatigue with personal spending falling 0.1% and personal income dipping 0.4% in May.
EU Council President Antonio Costa said the increase in defense budgets across NATO allies will likely include an uptick in purchases from American defense manufacturers, helping rebalance transatlantic trade.
He reiterated President Donald Trump’s comments from earlier at the White House, regarding the signing of the China trade deal a day ago, and being very close to the finish line with India.
Addressing reporters at the White House, Leavitt said the July 9 deadline is “not critical,” but that an extension is a decision for the President to make.
While U.S. President Donald Trump says that these sites have been “obliterated,” Iran told the International Atomic Energy Agency (IAEA) that there has been no increase in off-site radiation at the three facilities hit by the U.S.
He echoed Federal Reserve Chair Jerome Powell’s remarks that the impact of President Trump’s tariffs on prices of goods has not been seen so far, but said he anticipates that “more pressure is coming.”
IAEA chief Rafael Grossi’s analysis was echoed by the CIA, too, with Director John Ratcliffe stating that the Iranian nuclear program was “severely” damaged in the recent strikes.
Iran’s Supreme Leader Ayatollah Ali Khamenei accused U.S. President Donald Trump of overstating the impact of American airstrikes on three Iranian nuclear sites over the weekend.
Bessent urged Congress to act or increase or suspend the debt limit as soon as possible, before its scheduled August recess, to protect the full faith and credit of the United States.
Micron Technology’s artificial intelligence-powered third-quarter outperformance could be a welcome relief to traders who are left to contend with macro and geopolitical challenges.
Asset management giant Invesco filed for a cryptocurrency exchange-traded fund focused on Solana (CRYPTO: SOL) on Wednesday, expanding its offerings beyond Bitcoin (CRYPTO: BTC).
Trump’s latest criticism of Powell comes at a time when the Fed Chair questioned who would pay for the President’s tariff policies during his testimony to Congress.
During his testimony before the Senate Banking Committee, Federal Reserve Chair Jerome Powell continued to point to the uncertainty surrounding the impact of President Trump’s tariffs.
An unexpected drop in a key consumer confidence reading proved positive, as it raised rate cut odds, vindicating the stance of a couple of central bank officials, who have begun calling for a July rate cut.
