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The Latest Breaking News from United States

Fed Chair Jerome Powell says U.S. economy is ‘amazing’—but admits ‘we just don’t know’ as inflation, jobs, and oil shocks cloud the outlook

Jerome Powell said “don’t know” 17 times during the conference as he praised the economy’s resilience—but flagged rising inflation, stalled job growth, and an unpredictable oil shock from Iran.

Fortune

A Saudi analyst just revealed the kingdom’s backup plan if it enters the Iran war, and it involves Pakistan’s nuclear arsenal

Will Pakistan follow through?

We Got This Covered

Oman claims Israel pushed US into Iran war when deal was possible

Foreign minister claims Israel convinced Donald Trump to make ‘grave miscalculation’ of waging war on Iran

The Guardian - UK

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'A month ago, no one would have believed this': June Fed rate hike odds just surpassed rate cut odds as stagflation fears grow

The Atlanta Fed’s Market Probability Tracker places the odds of a rate hike at about 15% within the next three months.

Fortune

Why $138 is the key mark for oil prices and what it means for the future of the US economy

Analysts are keeping a close eye on the developments in the Middle East amid President Donald Trump’s war on Iran, and are paying particular attention to oil prices

The Independent UK

Crude Oil Prices Strengthen as Iran Escalates Attacks on Energy Infrastructure

April WTI crude oil (CLJ26 ) today is up +1.04 (+1.08%), and April RBOB gasoline (RBJ26 ) is up +0.0425 (+1.37%). Crude oil and gasoline prices are moving higher today, with gasoline climbing to a 3.5-year high. Escalation of the Iran war is pushing energy prices higher as Iran escalates...

Barchart

Bank of England holds interest rates but hints at possible hikes

The Bank left rates unchanged in a unanimous vote among all nine members of its Monetary Policy Committee (MPC).

Evening Standard

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Pete Hegseth’s increasingly desperate Iran war pleas reveal secret doubts about the mission

ANALYSIS: As he flailed between a clearly fictional story about his teenage son and pleas to the American people to stop reading the media, Hegseth looked newly and undeniably desperate, writes Holly Baxter

The Independent UK

American Citizen Reportedly Takes Over Jalisco Cartel; Could Complicate U.S. Efforts to Target Him

Juan Carlos Valencia González, the California-born stepson of slain Jalisco New Generation Cartel leader Nemesio Oseguera Cervantes, known as "El Mencho," has emerged as the apparent new head of the organization.

Latin Times

Iran war has 'material impact' on inflation, ECB's Lagarde warns

ECB holds rates, warning Middle East tensions and oil risks could push inflation higher. Baseline sees 2.6% in 2026, but energy shocks could lift it to 3.5% or 4.4%, depending on how long supply disruptions persist.

Euronews

US fighter jet forced to make emergency landing and is first plane hit by Iranian fire since start of war

The jet was forced to make an emergency landing in the Middle East, sources said

The Independent UK

Stocks Retreat as Inflation Fears Push Bond Yields Higher

The S&P 500 Index ($SPX ) (SPY ) today is down -0.43%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.44%. March E-mini S&P futures (ESH26 ) are down -0.40%, and March E-mini Nasdaq futures...

Barchart

Walmart's AI Pricing Plan Could Let Prices Shift Hourly Based On Demand, Inventory And Customer Behaviour

Walmart is rolling out AI-linked digital shelf labels across its US stores, sparking debate over potential surge pricing.

International Business Times UK

US E-Waste Dumping Fails: Thailand to Return 284 Tonnes of Hazardous Electronics

Thai authorities intercepted 284 tonnes of e-waste falsely declared as scrap metal from Haiti, highlighting issues in global waste management.

International Business Times UK

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Louder

"I'm not quite sure what the song is about, but there's a lot of anger, a lot of despair and a lot of frustration." The story behind the global Phil Collins hit that Genesis wish they'd recorded

"There’s always a dispute about this"

Axios

Seven U.S. allies back potential Strait of Hormuz coalition

The U.K. led the charge, but the statement is only symbolic for now.

Barchart

Worse Than 2008? Google Searches for ‘Can’t Sell My House’ Just Hit an All-Time High

The housing market is stuck right now. Here's what it means for investors.

The Independent UK

Glass warfare: Why it no longer pays to be a champagne snob

IN FOCUS: As France’s biggest champagne houses argue over pricing and prestige, British drinkers have already moved on – embracing Aldi’s award-winning champagne and a world-beating English fizz, writes Hannah Twiggs

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news in one place.

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Evening Standard

Swinney says UK Government security briefing cancelled over lack of ‘babysitter’

The First Minister said there was a ‘suggestion’ Scottish Secretary Douglas Alexander would need to be at the briefing.

The Independent UK

Oman’s foreign minister says war in Iran is Trump’s ‘greatest miscalculation’ in scathing attack

Badr Albusaidi said ‘this is not America’s war’ and criticised Washington for supporting Israel

The Guardian - US

No timeframe for ending US war against Iran, says Pete Hegseth

US defense secretary suggests Thursday will be ‘largest strike package yet … death and destruction from above’

The Guardian - UK

Nigel Farage stops accepting Cameo requests after revelations about his use of platform

Reform leader ‘unavailable’ on service after Guardian investigation unearths clips of him repeating extremist slogans

The Independent UK

Japan’s Prime Minister Sanae Takaichi bracing for ‘very difficult’ Trump visit

IN FULL

The Independent UK

Commission handpicked by Trump approves putting his picture on a commemorative gold coin

The design features a portrait of Trump standing above the Resolute Desk on a 14k gold coin

GOBankingRates

Retirees Are Traveling to These 4 Countries for Healthcare — Here’s What It Costs

Many retirees are seeking affordable healthcare overseas. See which four countries offer quality medical care and what common procedures actually cost.

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