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Keir Starmer has announced his resignation as the leader of the UK's Labour Party.
A potential 60-day negotiation between the US and Iran has three critical objectives: ensuring the Strait of Hormuz remains open, Iran relinquishing its enriched uranium, and tying any sanctions relief to verified actions by Iran.
US air attacks against Iran's missile program, drone manufacturing, and launch capabilities have been "extraordinarily successful" in degrading their military capacity.
The low public approval of AI in the United States is significantly influenced by misinformation campaigns originating from China.
The current US administration is considering a policy of taking equity stakes in certain AI companies.
The US equity market can likely withstand up to two 25-basis-point interest rate hikes over the next 12 months without a significant negative impact.
Historically, the US stock market has generated returns of 13% to 14% during both interest rate hiking and cutting cycles, as long as the total change is within 100 basis points.
Deutsche Bank and Bank of America are both forecasting that the Federal Reserve will implement rate hikes later this year.
The US rates strategy team at RBC is not currently forecasting any changes to the Federal Reserve's policy rate.
The economics team at RBC believes the next move by the Federal Reserve is more likely to be an interest rate hike than a cut.
While overall S&P 500 capital expenditures are near peak levels, the cycle is in the early stages of recovery when excluding the top 10 largest companies.
The latest CEO confidence survey from the Business Roundtable showed an increase, driven by stronger expectations for capital expenditures and sales.