Articles for category: Politics

May 12, 2026

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AI Boom Lifts US Stocks, Strategist Sees S&P Breaking 10,000 in Three Years, How Much Longer Can This Rally Last?

TradingKey – U.S. stocks closed at record highs again on Monday; despite growing concerns that a prolonged conflict in Iran through the summer could trigger severe economic consequences, the rally remained undeterred. Since the start of 2026, AI-related stocks have been the core pillar of the S&P 500’s gains, accounting for over 80% of the upward momentum. Veteran Wall Street investment strategist Ed Yardeni has become one of the most optimistic market forecasters, not only raising his year-end S&P 500 target from 7,700 to 8,250, but also providing a long-term outlook of hitting the 10,000 mark in three years. Better-than-expected

May 12, 2026

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Fascination and wonder: How the US reacted to King Charles’ visit

Others who haven’t followed the royal visit closely, still are excited. “I think it’s cool that he’s here,” said Harry James, 21, who works in a fish and chips shop in New York. “It’s cool we can keep these traditions going.” Holmes believes the visit already has improved US perceptions of the King. “Trump is such a polarising figure, and I think people were very eager to see their interactions,” she said. His dinner comments, in particular, have “really taken off”. “I think people are delighted to see British wit on display,” she added. Near the White House on Tuesday,

May 11, 2026

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Russia and Ukraine accuse each other of violating U.S.-brokered three-day ceasefire

Russia and Ukraine swapped accusations of breaking a U.S.-brokered ceasefire on Sunday, with both sides claiming to have suffered casualties in drone and artillery strikes over the past 24 hours. Ukraine’s President Volodymyr Zelenskyy said that Russia was neither observing the truce nor “even particularly trying to,” adding there had been no calm in front-line areas despite a lull in large-scale attacks and pledged that Ukraine would retaliate to any aggression shown by Moscow. READ MORE: Trump says Russia and Ukraine have agreed to his request for a 3-day ceasefire, prisoner swap “Yesterday and today, Ukraine refrained from long-range retaliatory

May 11, 2026

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King Charles visit will break royal dress code amid Trump invitation

April 21, 2026Updated April 23, 2026, 10:20 a.m. ET An upcoming royal garden party to welcome King Charles III to the United States has an unconventional take on the storied event. Guests attending the party, set to take place at the British ambassador’s residence in Washington D.C. during Charles and Queen Camilla’s visit in late April, are being discouraged from wearing hats. According to an invitation obtained by the Washington Examiner’s Rob Crilly, along with a customary dress code of lounge suits and day dresses, the invitation reads, “Hats Not Encouraged.” USA TODAY has reached out to the British Embassy for

May 11, 2026

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Trump approval slips as polls show warning signs for Republicans ahead of midterms | Donald Trump

A trio of political polls indicate public approval of Donald Trump’s management of the US economy, immigration and the Iran conflict is slipping, flashing warning lights for Trump-aligned Republican candidates with six months to go until the US midterm elections. Polls by Reuters-Ipsos poll, Strength in Numbers-Verasight and AP-NORC had the president’s approval rating hovering in the mid-30s, at 36%, 35% and 33% respectively, which are near his lowest numbers. The AP-NORC center for public affairs research poll published on Monday found that seven in 10 Americans described the economy as poor and think the country is headed in the

May 11, 2026

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Trump agrees to ‘double-sided ceasefire’ with Iran less than 90 minutes before deadline

Donald Trump says he has agreed to suspend US attacks on Iran for two weeks as part of a “double-sided ceasefire” that is subject to the Islamic Republic agreeing to reopen the Strait of Hormuz. The announcement, on Truth Social, followed his earlier warning that the US would target civilian infrastructure and that a “whole civilisation will die” unless the warring countries reached a deal by 10am AEST. Iran war live updates: For the latest news on the Middle East crisis, read our blog. The ceasefire was agreed after Pakistan, a key player in negotiations between the two nations, urged

May 11, 2026

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Trump’s navy secretary ousted over dispute about shipbuilding | Trump administration

The Trump administration fired its top naval official on Wednesday in a move unrelated to the ongoing naval blockade of Iran’s strait of Hormuz, but instead over over an internal dispute about shipbuilding. The Pentagon confirmed that John Phelan, who ran a private investment fund in Florida and was a Donald Trump donor, had been ousted as the navy secretary. His departure – the first of any service secretary in the Trump administration – came in the same week that Iran’s Islamic Revolutionary Guard Corps seized two container ships in the strait of Hormuz, claiming maritime violations and transferring them

May 11, 2026

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War breaking news. Iran rejects US plan: ‘Excessive demands’. Trump: ‘Unacceptable’

LiveLast updated 4 minutes ago Trump: ‘I don’t like their letter. It is inappropriate. I don’t like their response” Iran: Netanyahu, ‘with the end of the regime Hezbollah, Hamas and Houthi will collapse’ The end of the Ayatollah regime in Tehran will result in the collapse ‘like a scaffold’ of the pro-Iranian groups in Yemen, the Houthis, of Hamas in Gaza and in Lebanon of Hezbollah. This was stated by Israeli Prime Minister Benjamin Netanyahu in an interview with CBS. Responding to a question about the possibility of overthrowing the Iranian regime, Netanyahu replied: ‘I think you cannot predict when

May 11, 2026

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Suspect in custody after Trump evacuated in shooting incident at White House correspondents’ dinner | White House correspondents’ dinner shooting

Donald and Melania Trump were evacuated from the White House correspondents’ dinner on Saturday evening after the event was interrupted by gunfire. A suspect was in custody, the FBI said, after the annual black-tie dinner honoring the White House press corps in the ballroom of the Washington Hilton was suddenly interrupted by confusion and chaos. Journalists ducked under tables as authorities rushed the president and members of his cabinet out of the room. The president and his wife were unharmed, and later appeared at a press conference at the White House. Donald Trump says being president is a ‘dangerous profession’

May 11, 2026

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BREAKING: US Labor Market Stronger Than Expected, While Wage Pressure Eases. EURUSD gains!🚨

US: NFP Report Non-Farm Payrolls (NFP): actual 115k (forecast: 62K; previous: 178K) Private Sector Employment: actual 123k (forecast: 74K; previous: 186K) Unemployment Rate: actual 4,3% (forecast: 4.3%; previous: 4.3%) Wages (m/m): actual 0,2% (forecast: 0.3%; previous: 0.2%) Wages (y/y): actual 3,6% (forecast: 3.8%; previous: 3.5%) Why is this data important? The NFP (Non-Farm Payrolls) report measures the number of new jobs created in the US economy excluding the agricultural sector, covering the majority of economic activity, and is considered a key indicator of labor