S&P 500, Nasdaq edge up as markets eye inflation data

The S&P 500 and Nasdaq rose amid inflation data; UnitedHealth dropped after leadership changes, while traders anticipate Fed interest rate decisions in the coming months.

Foreign travel spending in US to decline 7% in 2025, report says

International travel spending in the U.S. is projected to decline by 7% in 2025 due to political factors and a strong dollar impacting visitor choices.

Brokerages scale back recession odds after U.S.-China trade truce

Major brokerages, including Goldman Sachs, have revised U.S. recession predictions downward following a tariff truce between the U.S. and China, boosting economic optimism.

EBRD trims growth forecast again as tariffs and wars loom

The EBRD has downgraded its economic growth forecasts due to global economic concerns, particularly impacting countries reliant on trade with Germany and China.

China offers Latin America and the Caribbean billions in bid to rival US influence

China pledges $9 billion in credit to Latin America, emphasizing cooperation while Brazil warns against over-reliance on foreign funding amid rising U.S.-China competition.

Dollar eases after cooler than expected CPI

The dollar fell after lower-than-expected inflation data, with markets adjusting recession forecasts and expectations for Federal Reserve rate cuts amidst easing U.S.-China trade tensions.

Factbox-What’s in the Republican tax and health plan - and what is not

Explainer-What to know about the Sean ’Diddy’ Combs sex trafficking trial

Sean "Diddy" Combs is on trial for racketeering and sex trafficking charges, with allegations spanning two decades and multiple accusers expected to testify against him.

China’s factory-gate deflation deepens as trade war bites

In April, China experienced significant economic challenges with declining factory and consumer prices, prompting calls for more stimulus amid ongoing trade tensions with the U.S.

Fed’s Musalem: Should not commit to rate cuts until tariff impact becomes certain

St. Louis Fed President Musalem advises against interest rate cuts until the impact of Trump’s tariffs on inflation is clarified, emphasizing uncertainty in economic outcomes.