Wall Street opened lower on Tuesday as investors turned cautious ahead of the Federal Reserve's interest rate decision, following strong retail sales data that signalled consumer resilience.
Wall Street's major indexes opened in the red on Tuesday as caution set in ahead of the Federal Reserve's interest rate decision later this week.
Strong U.S. retail sales data released earlier highlighted consumer resilience, prompting investor concerns over the central bank's next steps.
The Dow Jones Industrial Average fell 61.0 points, or 0.14%, to 43,656.47 shortly after the opening bell.
The S&P 500 dropped 21.5 points, or 0.35%, to 6,052.55, while the Nasdaq Composite slipped 78.3 points, or 0.39%, to 20,095.61.
The world is facing a health financing emergency as global health investment risks falling to its lowest level in a decade, the World Health Organization (WHO) warned.
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
UK Finance Minister Rachel Reeves unveiled a major spending review on Wednesday, focusing on health, defence, and infrastructure to drive economic growth and restore confidence in the Labour government’s vision.
Germany's finance ministry is pushing forward with its 2025 and 2026 budget plans, focusing on fiscal savings while addressing security and economic challenges, according to a recent government document.
Azerbaijan has pledged $2 million to the Asian Development Fund, reinforcing its commitment to addressing climate change and supporting vulnerable nations in the region.
Heatwaves gripping Europe have pushed temperatures above 40°C, fueling wildfires and triggering weather alerts across several countries.
The UK government has eased its travel advice for Israel as the final evacuation flight for British nationals prepares to depart Tel Aviv on Sunday.
President Donald Trump said Friday he believes any potential conflict with North Korea can be resolved, pointing to his strong relationship with leader Kim Jong Un.
The US stock market closed at record highs Friday, with both the S&P 500 and Nasdaq rebounding from late-session losses triggered by trade tensions with Canada.
The U.S. Senate on Friday rejected a Democratic-led effort to block President Donald Trump from launching further military action against Iran without congressional approval.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
The US stock market closed at record highs Friday, with both the S&P 500 and Nasdaq rebounding from late-session losses triggered by trade tensions with Canada.
The European Commission has warned Meta that it may face daily fines starting 27 June if its modified pay-or-consent advertising model fails to meet EU antitrust requirements under the Digital Markets Act.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Nike is stepping back from China-based production for its U.S. market to dodge tariff-related costs, aiming to shift its sourcing strategy by 2026.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Heatwaves gripping Europe have pushed temperatures above 40°C, fueling wildfires and triggering weather alerts across several countries.
The UK government has eased its travel advice for Israel as the final evacuation flight for British nationals prepares to depart Tel Aviv on Sunday.
President Donald Trump said Friday he believes any potential conflict with North Korea can be resolved, pointing to his strong relationship with leader Kim Jong Un.
The US stock market closed at record highs Friday, with both the S&P 500 and Nasdaq rebounding from late-session losses triggered by trade tensions with Canada.
The U.S. Senate on Friday rejected a Democratic-led effort to block President Donald Trump from launching further military action against Iran without congressional approval.
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