Browsing: economic news

Stock markets edged higher as major indexes sought gains ahead of more Federal Reserve Chairman Powell testimony. FedEx shares plunged sharply after disappointing earnings, adding volatility to the session.

The US current account deficit surged to a record high, reflecting rising trade imbalances and increased foreign borrowing. Economists warn this could impact the dollar’s stability and global financial markets.

Stock futures remained largely steady as markets shrugged off Iran’s retaliation to recent U.S. attacks. Investors weighed geopolitical tensions against ongoing economic data in a cautious trading environment.