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Consumer confidence sours in June, despite rollback of Trump’s tariffs

(NEW YORK) -- Consumer confidence soured in June, erasing some of the boost in shopper attitudes that took hold last month as President Donald Trump rolled back tariffs, Conference Board data on Tuesday showed. The reading fell short of economists' expectations.The fresh data resumes ...
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Aflac says cyberattack breach could expose personal data of customers

(NEW YORK) -- A group of cybercriminals hacked into data systems at insurance company Aflac, possibly gaining access to sensitive information such as Social Security numbers and health reports, the company said on Friday.Aflac, which boasts millions of customers, “identified suspicious activity” and “stopped ...
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Fed expected to hold interest rates steady, defying Trump

(WASHINGTON) -- The Federal Reserve on Wednesday will issue a new decision on the level of its benchmark interest rate, testing a wait-and-see approach adopted by the central bank in recent months as it observes potential effects of President Donald Trump's tariff policy.The posture ...
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What to know about the GENIUS Act, a crypto regulation bill

(NEW YORK) -- The Senate voted 68-30 late Tuesday to pass the GENIUS Act, a bill that aims to regulate some cryptocurrencies.The bill faced some Democratic opposition over President Donald Trump’s cryptocurrency ventures, but it ultimately garnered support from 18 Democrats, including Sens. Cory ...
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Stocks close higher, despite intensifying Israel-Iran conflict

(NEW YORK) -- Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average closed up 317 points, or 0.7%, erasing much of the losses suffered on Friday as back-and-forth ...
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What to know about Trump Mobile, the Trump Organization’s new phone plan

(NEW YORK) -- The Trump Organization on Monday announced a mobile phone service and a Trump-branded smartphone, extending the family real estate company into the vast U.S. telecom market.The announcement arrives exactly 10 years after the launch of President Donald Trump's first presidential campaign, ...
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Oil prices surge and stocks slump after Israel attack on Iran

(NEW YORK) -- Oil prices surged and stocks slumped on Friday morning in the immediate hours after Israel began an attack on Iran targeting nuclear sites and senior military officers.The strike stoked concern among investors about a possible wider conflict across the Middle East, which accounts for a ...
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India’s leader promises trade and investment in a visit to Trinidad and Tobago

PORT-OF-SPAIN, Trinidad (AP) — Indian Prime Minister Narendra Modi promising continued trade and investment in Trinidad and Tobago on Friday in an address to the nation’s parliament. “It’s time for us to work together to give the global south its rightful seat at the ...
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Egypt says Ethiopia’s completed power-generating dam lacks a legally binding agreement

CAIRO (AP) — Egypt said Friday that Ethiopia has consistently lacked the political will to reach a binding agreement on its now-complete dam, an issue that involves Nile River water rights and the interests of Egypt and Sudan. Ethiopia’s prime minister said Thursday that the ...
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Bank of Italy selects 4 systemic risk countries for lenders, including Russia

MILAN (Reuters) -The Bank of Italy said on Friday it had selected the United States, Great Britain, Switzerland and Russia as countries outside the European Union that its banks have significant exposure to, under rules designed to govern systemic risks. The Bank of Italy used ...
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US trade deal eludes Europe days out from Trump’s deadline, sources say

By Philip Blenkinsop and Julia Payne BRUSSELS (Reuters) -European Union negotiators have failed so far to achieve a breakthrough in trade negotiations with the Trump administration and may now seek to extend the status quo to avoid tariff hikes, six EU diplomats briefed on the ...
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China imposes anti-dumping duties on European brandy as trade tensions rise

BEIJING (AP) — China on Friday imposed anti-dumping duties on European brandy, most notably cognac produced in France, as trade tensions between Beijing and United States allies continue to rise. Chinese authorities agreed to exempt some major cognac makers on condition they maintain their prices ...
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