Iran elects reformist Masoud Pezeshkian in presidential runoff vote
The 69-year-old former minister will serve for four years as the head of government for the Islamic Republic, and faces no shortage of challenges.
Financial News
Britain’s Labour pulled off a thumping election victory with just 34% of the national vote
Unlike in other voting systems, there are no second rounds or ranking of first- and second-choice candidates.
Landmark UK election underway as center-left Labour seeks return to power after 14 years
Polls are open from 7am to 10pm as the country elects a new parliament.
Vice President Kamala Harris’ past donors privately strategize in case Biden drops out
Vice President Kamala Harris’ allies discuss scenarios in the event that President Joe Biden decides not to keep his reelection campaign going.
Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting
“We’ve made quite a bit of progress and in bringing inflation back down to our target,” Powell said at a central banking forum in Sintra, Portugal.
Collapsed bitcoin exchange Mt. Gox is about to unload $9 billion of coins onto the market. Here’s what it means
Bitcoin investors are spooked by anticipation of an imminent Mt. Gox payout to victims of a 2014 hack on the exchange that led to its collapse.
France votes in snap election that could hand power to the far right
French voters are heading to the polls Sunday for the first round of voting in a snap parliamentary election.
Record summer airline travel is starting, and so are the flight delays
TSA is predicting record screened passengers for the July 4th period of travel, and if it’s anything like recent years, flight delays will be an issue.
France’s election has the ability to rock wider European stocks, Citi strategist says
The stock market has not priced in a far-right or far-left majority, according to Citi.
Sweden’s central bank chief says 2 to 3 more rate cuts this year is a ‘forecast not a promise’
Erik Thedéen told CNBC the inflation outlook was more positive, particularly around inflation expectations and wage growth.