- Reuters
US STOCKS-Futures edge higher as softer inflation report lifts rate-cut hopes
U.S. stock index futures inched higher on Thursday, putting Wall Street on track to extend gains from the all-time highs hit in the previous session as a tepid inflation report bolstered hopes of interest-rate cuts. The market is back to betting on two quarter-point interest rate cuts from the Federal Reserve this year, with traders seeing a 72.4% chance of the first one in September, according to the CME FedWatch Tool. The Dow is on track to cross the 40,000-mark for the first time, marking the blue-chip index's fastest 10,000-point climb, powered by strong quarterly results and rising bets of rate cuts.
- Reuters
Ukraine fights Russian forces in north of border town in Kharkiv region
Ukraine said its forces were fighting Russian troops in northern districts of Vovchansk in the Kharkiv region on Thursday but said the invaders had been unable to break through deeper into the border town. The capture of Vovchansk, 5 km (3 miles) from the border, would be Russia's most significant gain since it launched an incursion into the region last Friday, opening a new front in its invasion and forcing Kyiv to rush in reinforcements. "The enemy's plans to penetrate deeper into the town of Vovchansk and gain a foothold there were thwarted," the Ukrainian General Staff said in a statement.
- USA TODAY
Will Costco, Walmart, Target be open Memorial Day 2024? What to know about grocery stores
Memorial Day is quickly approaching. Here's what you need to know about which grocery stores will be open or closed on the holiday.
