Author: franperez66q@protonmail.com

The Federal Reserve gave Wall Street a reality check this week, but the S & P 500 refused to let go of its back-to-back weekly wins. Positive war developments paved the way. The S & P 500 jumped 1.1% on Thursday as investors brushed off monetary policy concerns from the session before, which caused a 1.2% drop. The Nasdaq ‘s 1.9% gain made up, and then some, for its prior session loss of 1.3%. The U.S. and Iran signing a memorandum of understanding to extend their ceasefire and open the Strait of Hormuz sent oil prices plunging for the week,…

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Prime Minister of Italy Giorgia Meloni on Nov. 20, 2024, in Buenos Aires, Argentina.Tomas Cuesta | Getty Images News | Getty ImagesThe Italian government closed ranks on Friday to slam U.S. President Donald Trump over his claim that Premier Giorgia Meloni had “begged” for a photo with him during the recent G7 summit, a pushback that suggested America’s longtime European ally had had enough of Trump’s boasting and criticism.Italian Foreign Minister Antonio Tajani abruptly cancelled a planned trip to the United States this weekend, calling Trump’s claims “serious and offensive” toward Meloni and all of Italy.Meloni for her part posted a video calling Trump’s claims “completely fabricated” and expressing astonishment that he…

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At least 20 oil tankers have crossed the Strait of Hormuz since the U.S. and Iran began to reopen the sea lane to commercial ship traffic, according to the trade intelligence firm Kpler. Tanker transits on Thursday hit the highest level since June 2, the firm said. However, traffic is still below prewar levels when more than 100 ships, including dozens of tankers, transited Hormuz daily. In total, 25 ships transited Hormuz on Thursday including cargo, container and other vessel classes, in addition to the tankers, according to Kpler. Traffic has picked up after the U.S. Navy ended its blockade…

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