Dow closes 500 points higher as major averages reclaim losses from earlier this week

U.S. stocks jumped Thursday as fears around a crisis in China’s property market eased and as the Fed kept current monetary stimulus in place for now.
International: Top News And Analysis

World

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CDC panel endorses Pfizer Covid booster shots for high-risk adults

CDC’s COVID-19 Weekly Partner Calls

U.S. can avoid default in July if Treasury can make it through June cash crunch, Congressional Budget Office says

Tax revenues and emergency measures after June 15 will let Treasury “continue financing operations through at least the end of July,” said the CBO. International: Top News And Analysis

Iran’s president says new oil field found with over 50 billion barrels

The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions. World News & Analysis

UK inflation exceeds expectations in May, piling pressure on the government and Bank of England

U.K. inflation came in hotter than expected in May as consumer prices rose by an annual 8.7%, unchanged from the previous month. International: Top News And Analysis

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