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PoliticsThe Hill1h ago

Trump embraces May price spikes amid Iran war: ‘I love the inflation’

President Trump told reporters Wednesday that he loved “inflation,” after he was asked about inflation spiking in May. “No, I love it. The numbers were great,” Trump said when asked if he was concerned about the latest data, which showed the consumer price index rising to 4.

PoliticsThe Hill2h ago

Trump backs short-term spy powers extension amid fight with Senate GOP over Pulte

President Trump asked Congress for a short-term extension of Section 702 of the Foreign Intelligence Surveillance Act (FISA), an effort to give time to nominate and confirm a permanent director of national intelligence amid threats from Democrats to not renew the act if Bill Pulte remains acting ...

FinanceBloomberg Markets9h ago

Suez Canal Gets Oil-Tanker Boost Amid Hormuz Strait Shutdown

The number of oil tankers crossing Egypt’s Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024, as the closure of the Strait of Hormuz spurred an alternative Red Sea energy route.

FinanceBloomberg Markets22h ago

Equity Market Rotation Discussed Amid Rising Fed & Interest Rate Concerns

Baylor Lancaster-Samuel, Senior Vice President and Chief Investment Officer with Amerant Investments discusses the current phase of the equity market cycle. She discusses the recent rotation in equities over the past few weeks, driven by increasing attention to macroeconomic factors such as inte...