Marley Jay, Associated Press | Posted
May 25th - 8:20am
U.S. stocks are climbing for the sixth day in a row Thursday as strong quarterly results from retailers including Best Buy, Williams-Sonoma and PVH give consumer-focused companies a lift. The Standard & Poor's 500 index and Nasdaq composite are trading at all-time highs. Stocks are stretching for their longest winning streak in three months.
A glance of the leaders meeting with Donald Trump during his first Group of Seven summit as U.S. president, in alphabetical order by country. The summit takes place Friday and Saturday in Taormina, on the Italian island of Sicily.
Oil prices were volatile but trading sharply lower Thursday ahead of an expected announcement from the OPEC oil cartel that it will extend recent production cuts for a further nine months. Elsewhere, stock markets were unmoved by further indications from the Federal Reserve that it may raise interest rates again as soon as next month.
Predrag Milic, Associated Press | Posted
May 25th - 4:11am
NATO is set to expand for the first time after eight years by welcoming Montenegro into the alliance. The tiny Balkan nation is attending the NATO summit in Brussels on Thursday practically as a member, although the entry process formally will be wrapped in early June. To get there, Montenegro has stood up against Russia, which has sought to maintain strong historic, political and cultural influence in the country it considers a zone of interest. Russia has threatened economic and political retaliation. Montenegro says Moscow was behind a foiled coup attempt in October, which Russia denies.
The International Monetary Fund said Thursday lenders have approved a $5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports.