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Khamenei Accuses Trump of Stoking Deadly Unrest in Iran

A demonstrator holds the burning head of an effigy depicting US President Donald Trump during a protest against the US. Iran’s Supreme Leader Ayatollah Ali Khamenei has intensified his criticism of the United States, directly accusing President Donald Trump of encouraging the wave of protests that has shaken the country. The demonstrations, which began as economic grievances, quickly expanded into broader political unrest and were met with a forceful response from Iranian security forces. Khamenei framed the turmoil as part of a foreign-backed effort to destabilize the Islamic Republic, arguing that Washington — and Trump personally — sought to inflame tensions and undermine Iran’s stability. Trump had publicly expressed support for the protesters and warned Iran against harsh reprisals, comments that Tehran dismissed as interference. While Iranian leaders attribute the unrest to outside influence, many demonstrators point to long-standing domestic frustrations, including economic h...
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Wall Street Edges Up as Investors Await Inflation Report

Wall Street remained cautiously optimistic today as investors eagerly awaited the release of a crucial U.S. inflation report. Here’s a snapshot of today’s market activity:

  1. S&P 500 and Nasdaq: The S&P 500 held steady, with gains and losses evenly distributed among its constituent stocks. Meanwhile, the Nasdaq inched up, hovering just below its all-time high.

  2. Winners and Losers:

    • Walgreens Boosts Alliance: The pharmacy giant saw a staggering 24.7% drop in its stock price after reporting results that fell short of expectations and lowering its outlook. The possibility of hundreds of store closures in the next three years added to investor concerns.
    • Levi Strauss: The jeans maker’s stock plummeted 16.6% due to disappointing quarterly revenue results and a less-than-rosy earnings forecast for the year.
    • McCormick: On the flip side, spice maker McCormick surged 5.8%, outperforming analysts’ earnings forecasts.

  3. Inflation and Consumer Spending:

    • The U.S. economy expanded at a 1.4% annual pace from January through March, a slight revision from the previous estimate of 1.3%. This growth rate is the slowest since spring 2022.
    • Consumer spending, a key driver of economic growth, grew at a modest 1.5% rate, down from the initial estimate of 2%. Persistent inflation and high interest rates continue to squeeze consumers.
    • The Federal Reserve faces the delicate task of taming inflation without pushing the economy into a recession.

  4. What’s Next?

    • The eagerly anticipated personal consumption expenditures index (PCE), the Fed’s preferred measure of inflation, is due for release. Economists expect a modest easing of inflation to 2.6% in May, down from April’s 2.7% reading.
    • Nike, however, faced a different fate. The athletic wear company’s shares plummeted 15% after missing Wall Street’s revenue targets and revising its full-year sales guidance downward.

Investors remain cautiously optimistic, balancing economic data and corporate performance. All eyes are on the inflation report, which could shape the Federal Reserve’s next move on interest rates. Stay tuned for further developments! 

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