The Israeli military is in central Rafah, the Israel Defense Forces (IDF) confirmed in a statement Friday, despite international concern and anger over its military operation in Gaza’s southernmost city. “IDF troops in central Rafah located Hamas rocket launchers, terror tunnel shafts, and weapons. The troops also dismantled a Hamas weapons…
European allies of former US President Donald Trump have rallied around him in support following his historic conviction on 34 felony counts of falsifying business records. The conviction – which has been heralded as a somber moment for America with wide-reaching implications – has been painted by Trump’s allies in…
The death of any Filipino citizen at the hands of another country in the South China Sea would be “very close” to an act of war, Philippines President Ferdinand “Bongbong” Marcos Jr. warned Friday as his nation faces increasingly fraught clashes with Chinese vessels in the South China Sea. Marcos…
The gold price started 2024 coming off December’s record highs. A combination of central bank buying and geopolitical uncertainty helped gold remain above US$2,100 per ounce for the first eight weeks of the year. However, a rally in early March gave gold renewed momentum. Support came on the back of…
Top proxy adviser Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the reapproval of CEO Elon Musk’s $56 billion pay package and withhold their support from the re-election of News Corp. scion James Murdoch to the automaker’s board. Tesla’s shareholder meeting is on June 13. The report, a copy of which was…
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve. The personal consumption expenditures price index excluding food and energy costs increased just 0.2% for the period, in line…
The Dow Jones Industrial Average jumped Friday for its best session of the year, as investors wrapped up a strong month after the Federal Reserve’s preferred inflation measure came in largely around expectations. The blue-chip Dow climbed 574.84 points, or 1.51%, to 38,686.32, lifted by Salesforce and UnitedHealth’s respective advances of 7.5% and 2.8%. The S&P…
The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The hires rate for the bottom third of workers by income (who earn less than $55,000 a year) was 1.5% in…
New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he is confident it will start decelerating later this year. With markets on edge over the direction of monetary policy, Williams offered no clear indication of his position on possible interest rate cuts. Instead,…
Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of Realtors. These so-called pending sales are a forward-looking indicator of closed sales one to two months later. Pending sales were 7.4% lower than in April…