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BusinessBloombergStocks Rise on Hopes Inflation Pressures Will Ease: Markets Wrap
(Bloomberg) -- Stocks rose after data showed American consumers tempered inflation expectations, bolstering sentiment regarding prospects for Federal Reserve rate-cuts this year.Most Read from BloombergWhat the Trump Jury Saw as Evidence Against Him in 12 ImagesSingapore Air Changes Seatbelt Rules After Fatal TurbulenceHungary Wants to ‘Redefine’ Its NATO Membership, Orban SaysThe Rise and Fall of Simon Sadler's Segantii, One of Asia's Most Successful Hedge FundsSchwarzman Plans to Back Trump, S
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BusinessBloombergOil Lingers Near Three-Month Lows on Ample Near-Term Supplies
(Bloomberg) -- Oil hovered near the lowest in three months as traders weighed decreased geopolitical risks and signs that global markets are sufficiently supplied ahead of next month’s OPEC+ meeting. Most Read from BloombergWhat the Trump Jury Saw as Evidence Against Him in 12 ImagesSingapore Air Changes Seatbelt Rules After Fatal TurbulenceHungary Wants to ‘Redefine’ Its NATO Membership, Orban SaysThe Rise and Fall of Simon Sadler's Segantii, One of Asia's Most Successful Hedge FundsSchwarzman
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WorldReutersUS political independents drift closer to Republicans' sour view of economy
U.S. political independents, who typically occupy the center ground in a closely watched monthly survey of overall consumer attitudes about the economy, have drifted closer this year to the dour views held by Republicans, a potential warning sign for Democrats hoping to hold onto the White House in the Nov. 5 presidential election. In another indication of the difficulty President Joe Biden faces with voters on the economy - consistently ranked as the U.S. electorate's top concern ahead of the election - the University of Michigan's monthly consumer sentiment survey fell to a six-month low in May. Assessments of the current situation were the lowest in a year and household expectations were the weakest since December. The breakdown by party not surprisingly shows Democrats - in control of the White House since January 2021 - notably more optimistic than Republicans, a partisan divide that has been routine since the survey began asking for respondents' political affiliations each month beginning at the start of Republican Donald Trump's presidency in 2017.