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Trump to Hold a Press Conference After Markets Close on Monday

President Donald Trump said he would hold a press conference later on Monday before returning to Washington from Florida, but gave no details about what he would discuss. The press conference is scheduled for at about 5:30 p.m. (2130 GMT), after the U.S. markets close. It comes as global markets slumped...

Almost 700,000 Displaced in Lebanon as War Enters Second Week

Escalating hostilities have forced nearly 700,000 people to flee their homes in Lebanon, a U.N. agency said on Monday, as the war between Israel and the Iran-backed Lebanese group Hezbollah entered a second week. Lebanon has been pulled deep into the war in the Middle East since Hezbollah opened fire...

Back to the 1970s? Investors Brace for a Return of Stagflation

Investors are now seriously considering the possibility that war in the Middle East could create a stagflationary shock, just as it did 50 years ago, when disruption to global energy supplies sent inflation surging, and battered growth “The risk of a 1970s scenario is rising,” said Kaspar Hense, portfolio manager...

Wall Street Slips on Soaring Crude Prices; Tech Stocks Rebound

Wall Street's main indexes were off session lows on Monday as a rebound in technology stocks softened the blow from investor concerns that soaring oil prices could exacerbate inflation pressures. Hostilities in the Middle East entered their tenth day and Iran named Mojtaba Khamenei, son of the late Ali Khamenei,...

Israeli Forces Raid New Areas in Southern Lebanon

Israeli forces advanced in southern Lebanon on Monday, raiding new territory as part of a stated effort to expand a military-controlled buffer zone as it steps up its campaign against the Iran-backed armed group Hezbollah. Israeli fighter jets also bombarded the southern outskirts of Beirut, the Lebanese capital, sending huge...

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