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INSANE: 38 | Rare Historical Photos

EU pays Egypt billions to manage migration — Cairo says it is not enough

Egypt’s growing refugee and migrant population, seeking safety from wars in Sudan, Syria and the wider region, has put further pressure on aid agencies and public services as Cairo urges Europe to share more of the cost.

Euronews

US Stock Market: Fed split widens as policymakers debate inflation and growth risks

Deepening divisions at the Federal Reserve highlight a struggle with stubborn inflation and geopolitical uncertainty. Policymakers debated interest rate hikes, with four dissenting votes, the highest since 1992. Incoming Chair Kevin Warsh's stance on lower rates adds complexity to the central bank's balancing act.

The Economic Times

US Stock Market: Bessent downplays inflation fears despite energy price surge

U.S. Treasury Secretary Scott Bessent downplayed fears of a prolonged inflationary spiral, attributing recent surges in energy prices and bond yields to temporary geopolitical disruptions. He believes inflation will moderate once the Iran conflict stabilizes and energy markets normalize, suggesting central bankers are overly cautious about lasting price pressures.

The Economic Times

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Giant ‘cave’ art inflated over Paris’ oldest bridge in latest work by France’s answer to Banksy

The artwork, called La Caverne du Pont Neuf, is a tribute to a Parisian artistic legend

The Independent UK

Gold steady as US-Iran peace deal hopes offset inflation fears

Gold prices held steady as optimism surrounding a potential U.S.-Iran peace deal countered concerns over oil-driven inflation and rising global interest rates. While U.S. Treasury yields and oil prices dipped on hopes of a Middle East accord, Federal Reserve minutes indicated a potential for policy firming if inflation persists above…

The Economic Times

Fed Minutes: More officials warned of rate hike scenario

Federal Reserve officials signaled a potential shift towards interest rate hikes if inflation persists above their 2% target. Many policymakers advocated for removing the central bank's easing bias, suggesting the next move could be a rate increase. This stance reflects growing concerns about inflationary pressures.

The Economic Times

Stocks Finish Sharply Higher on Iran Hopes

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +1.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.66%. June E-mini S&P futures (ESM26 ) rose +0.96%, and June E-mini Nasdaq futures...

Barchart

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The $250 Rebate: Which States Are Sending Out Surprise Tax Checks This Month (and Who Is Excluded)

With inflation still squeezing household budgets, surprise tax rebates and relief checks are becoming one of the most talked-about financial stories of 2026. Several states...

Saving Advice

US stocks today: Dow soars 600 pts, Nasdaq 1.5% as chip stocks rally eyeing Nvidia results, Iran peace deal hopes

Wall Street indexes jumped over 1% led by tech and semiconductor rally ahead of Nvidia earnings. Target fell on weak outlook. Airlines gained as oil dropped. Fed minutes signaled possible rate hike debate. Nasdaq S&P Dow Jones rose strongly as AI optimism offset inflation and geopolitical concerns sentiment rises

The Economic Times

Fed minutes show more members open to a rate hike

A majority of Fed members at their April meeting felt "some policy firming ‌would likely become appropriate" if inflation in the United States stays high.

AAP

Fed minutes show more policymakers were prepared to lay groundwork for rate hike

Federal Reserve minutes show growing concern that inflation driven by the Iran war could persist above the 2% target, prompting discussions around possible future rate hikes. Several policymakers signalled tightening may be needed, marking a more hawkish shift. Bond yields rose as markets priced in reduced chances of rate cuts.

The Economic Times

Harvard faculty votes to make it more difficult for undergrads to earn As

Harvard University faculty have voted to limit the number of A grades awarded to undergraduates, approving one of the most sweeping efforts by a major university to curb grade inflation

The Independent UK

Harvard faculty enacts cap on A-grades as students push back

Harvard University faculty have voted to limit the number of A-grades awarded in undergraduate courses. Starting in 2027, a maximum of 20% of students plus four can receive an A. This move aims to combat grade inflation and re-center academic rigor.

The Economic Times

M&S in fashion as stocks climb amid fresh hopes of US-Iran peace deal

Investors in London were also digesting better-than-forecast UK inflation figures.

Evening Standard

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The Economic Times

US Treasury yields reach highest levels since 2007 – here's how it will change the way Americans borrow, spend and invest

High Treasury yields' impact on consumer finances: Treasury yields are reaching multiyear highs, impacting borrowing costs, investments, and consumer confidence. This rise, driven by inflation fears and geopolitical concerns, means higher mortgage rates and increased government debt expenses.

Evening Standard

We may have cut interest rates twice this year if not for Iran war – Bank chief

Bank of England governor Andrew Bailey told MPs on the Treasury Committee that a rate cut had been taken off the table following the conflict.

The Independent UK

Bank of England governor says food price freezes are ‘unsustainable’

The Iran conflict has been the ‘dominating change in the landscape’ for the economy, Andrew Bailey said

Barchart

Dollar Erases Early Gains as Crude Prices Fall and Stocks Rally

The dollar index (DXY00 ) fell from a 6-week high today and is down by -0.09%. The dollar gave up an early advance today and moved lower after crude oil prices fell by more than -2%, which lowered inflation expectations and could prompt the Fed to ease monetary policy, a...

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International Business Times UK

Donald Trump Unwittingly Admits Looming Economic Fears At White House Picnic Event

At a White House picnic, Donald Trump praised a 'thriving' US economy before conceding 'people aren't seeing it yet'. His attempt to blame Iran war fallout exposes a growing political risk.

The Free Financial Advisor

7 Medicare Costs Rising Faster Than the 2027 Social Security COLA Forecast

Retirees across America face a financial squeeze as Medicare expenses continue climbing faster than projected Social Security COLA adjustments for 2027. Many households already stretch fixed incomes, and healthcare costs keep tightening that gap in frustrating ways. Inflation in medical services, prescription pricing, and insurance overhead drives much of this…

International Business Times UK

Kevin O'Leary Says Gen Z Is 'Financially Cooked' Spending $28 on Lunch; Some Agree, Others Push Back

Kevin O'Leary's remarks on young professionals' spending habits have sparked a debate on financial discipline, inflation, and wealth-building, highlighting generational divides in personal finance strategies.

International Business Times

Treasury Selloff Deepens As Inflation Fears And Middle East War Continue Pressuring Markets

The 30-year Treasury yield climbed above 5.19% as investors reacted to inflation pressures, weak demand for long-term debt, and mounting global economic uncertainty.

The Economic Times

Is this why retirees still struggle despite a new Social Security COLA forecast? Two ways to earn 4% on your money before the COLA arrives

A projected 3.9% Social Security COLA adjustment is making headlines — but millions of retirees don't need to wait until October to protect their purchasing power. The projected Social Security COLA increase comes after inflation accelerated sharply during March and April. Prices are now rising at their fastest pace in…

The Free Financial Advisor

The 5 Most Expensive Retirement Mistakes Americans Over 60 Are Making During This Inflation Spike

Retirement was supposed to feel like a reward, not a financial juggling act under rising grocery bills and shrinking purchasing power. Yet inflation keeps reshaping daily life for Americans over 60, turning once-stable budgets into unpredictable puzzles. Essentials like housing, food, insurance, and healthcare continue climbing faster than many fixed…

Reason

Trump Is the High-Prices President

Trump's signature policies are pushing prices higher—and voters are pushing back.

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