promy

  U.S. stocks have strongly rebounded after a rough start to the year, even as the outlook for the world's largest economy and its interest rates remains as uncertain as ever. Economic modeling is "very difficult" right now because "things are changing constantly," Atlanta Fed President Raphael Bostic told CNBC's "Squawk Box Europe" on Monday, pointing to  Canada's recent walk-back on its digital services tax . Market participants are also closely-watching the latest progress of U.S. President Donald Trump's " big, beautiful bill ," which  cleared a key Senate hurdle over the weekend .  From an inflation perspective, that means focusing on the expectations of businesses and consumers, along with the actions they are taking in response, Bostic continued. watch now VIDEO 12:53 Fed's Bostic: July meeting too early to assess inflationary impact of tariffs "The story there is that we are really starting to hear clear signs tha...

  Urgent international calls for restraint appear to be falling on deaf ears as the world braces for intensifying conflict in the Middle East. All eyes are on the White House, as U.S. President Donald Trump  weighs carrying out direct military strikes on Iran . Such an act would represent a dramatic deepening of U.S. involvement in what has thus far been limited to attacks between Iran and U.S. ally Israel. Smoke blankets the sky above Tehran, Iran, following explosions in the capital after the Israeli army hit Iranian targets, on June 18, 2025. Anadolu | Anadolu | Getty Images The Kremlin warned Thursday that U.S. intervention in Iran would set off a “terrible spiral of escalation,” while Russian Foreign Ministry spokesperson Maria Zakharova told Reuters that the world is “millimeters” away from nuclear catastrophe. Russia is currently mired in its own war in Ukraine, which also involves a fight over a major nuclear power plant. In the U.K., Prime Minister Keir Starmer chaire...