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Houthis Signal Readiness for Iran Conflict, Heightening Global Shipping Fears Article

Houthi activists burn US and Israeli flags during a demonstration in solidarity with Iran and Lebanon, in Sanaa, Yemen. Yemen’s Iran‑aligned Houthi movement has declared it is prepared to join the escalating conflict involving Iran, a move that could further destabilize global shipping routes and intensify economic pressures. A senior Houthi figure told Reuters the group is “fully militarily ready with all options,” noting that any decision to act would depend on developments in the wider regional war.  The Houthis, who previously disrupted Red Sea traffic during the Gaza conflict, may once again target the Bab al‑Mandab Strait—one of the world’s most critical maritime chokepoints. The narrow passage connects the Red Sea to the Suez Canal, and renewed attacks could deepen the global oil and trade crisis already triggered by the Middle East conflict. Analysts suggest the group may be waiting for a strategic moment to open a new front in coordination with Iran, especially as the ...
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Stock Market Today: S&P 500 Breaches 5,300 as Stocks Rally to Records After CPI

 


U.S. stocks rallied on Wednesday, with all three major indexes closing at record highs. A soft reading on consumer prices fueled hopes that the Federal Reserve could cut interest rates sooner than expected.
  • The S&P 500 rose nearly 1.2%, closing at 5,308.18, above 5,300 for the first time ever.
  • The Dow Jones Industrial Average jumped about 0.9%, creeping closer toward the 40,000 level.
  • The tech-heavy Nasdaq Composite climbed about 1.4%, notching its second record close in as many days.

The Consumer Price Index rose 0.3% over the previous month and 3.4% over the prior year in April, a deceleration from March. “Core” inflation, which strips out the cost of food and gas, also cooled. This relatively cool inflation reading led the 10-year Treasury yield to fall 4.35%, its lowest level in a month, and sparked new bets on Fed rate cuts as soon as September. Around 70% of traders now expect at least one cut by the September meeting, a notable increase from a week ago.

Stocks have ground higher amid rekindled confidence that the U.S. economy is in good enough shape for the Federal Reserve to start bringing down rates from their current historic highs. That optimism has fueled a resurgence in bullishness in the market.

Elsewhere on the macroeconomic front, retail sales fell flat last month, coming in well short of Wall Street’s expectations.

In summary, the stock market continues to surge, and investors are closely watching inflation data and Fed policy decisions.


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