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By Noel Randewich and Lisa Pauline Mattackal (Reuters) -The S&P 500 and Nasdaq hit record highs on Tuesday, propelled by gains in Nvidia and other megacaps after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more “good” economic data would strengthen the case for rate cuts. AI heavyweight Nvidia climbed 1.4%, offsetting declines in other chip stocks, leaving the S&P 500 and Nasdaq with marginal gains for the session. Microsoft dipped 1.4%, leaving the … Read more…

WASHINGTON (Reuters) – NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million dollars in the name of several member states, the alliance’s Secretary-General Jens Stoltenberg said on Tuesday. “Just today, the (NATO procurement agency) NSPA signed a new multinational contract for Stinger missiles worth almost 700 million dollars,” he told a gathering of defence industry leaders on the sidelines of the NATO summit in Washington. (Reporting by Sabine Siebold and Mike … Read more…

By Jonathan Landay and Parisa Hafezi WASHINGTON/DUBAI (Reuters) – Recent satellite imagery shows major expansions at two key Iranian ballistic missile facilities that two American researchers assessed are for boosting missile production, a conclusion confirmed by three senior Iranian officials. The enlargement of the sites follows an October 2022 deal in which Iran agreed to provide missiles to Russia, which has been seeking them for its war against Ukraine. Tehran also supplies missiles to Yemen’s … Read more…

FRANKFURT (Reuters) – Some European Central Bank policymakers felt uneasy about recent inflation developments when they cut interest rates last month and feared that any further delay in reaching the target would be costly, the accounts of their June 5-6 meeting showed on Thursday. The ECB cut interest rates at that meeting and signalled that more easing is likely to come but kept open the timing of subsequent moves, leaving investors to guess whether one … Read more…

By Moira Warburton WASHINGTON (Reuters) – A growing number of Democrats in the U.S. Congress are calling on Democratic President Joe Biden to end his re-election bid after the 81-year-old incumbent’s halting debate performance against Republican rival Donald Trump. Here is a list of lawmakers who have publicly called for Biden to not run again. REPRESENTATIVE LLOYD DOGGETT Doggett, a U.S. House of Representatives member from a safe Democratic district in Texas, was the first … Read more…

WASHINGTON (Reuters) -U.S. President Joe Biden again called his debate against Republican opponent Donald Trump “a bad episode,” suggesting in an interview with ABC News on Friday that his shaky performance was due to poor preparation, exhaustion and illness. “No indication of any serious condition. I was exhausted. I didn’t listen to my instincts in terms of preparing and — and a bad night,” Biden, 81, told ABC News anchor George Stephanopoulos. “I was feeling … Read more…