World
Asian stocks are mixed after Wall Street's best week of the year
Asian stocks were mixed Monday as investors ponder the upcoming meeting of the Federal Reserve, following Wall Street’s best week since November with a slight uptick in U.S. stocks Friday.
U.S. futures were higher while oil prices dropped.
Japan’s benchmark index fluctuated in morning trading. The Nikkei 225 shed 15.50 points to 38,047.17 after data showed the core machinery orders, which are used as a leading indicator of capital spending in the coming six to nine months, fell 1.7% year on year in June.
The U.S. dollar fell to 146.44 Japanese yen from 147.58 yen.
Last week, better-than-expected U.S. retail sales figures boosted market confidence and shifted sentiment regarding potential interest rate cuts by the Federal Reserve in September, which could trigger a sell-off of the yen against the dollar and other major currencies. But still, the dollar-yen exchange rate has been on a downward trend over the past weeks.
“The recent turmoil in the foreign exchange market isn’t just about the Bank of Japan’s actions … other factors, like signals from the Federal Reserve about possible rate cuts, weak U.S. job market data, and broader global economic uncertainties, have also contributed to the recent turbulence,” Luca Santos, currency analyst at ACY Securities, said in a commentary.
The market’s focus is on Jackson Hole, Wyoming, where Federal Reserve Chair Jerome Powell will give a speech late in the week and the setting has been home to big policy announcements in the past.
Because the Fed has said its upcoming moves will depend in large part on what data reports at the time say, “it will be difficult for Powell to pre-commit to a particular trajectory at Jackson Hole,” said economists at Deutsche Bank led by Matthew Luzzetti.
But Powell could offer hints about whether the Fed is hoping to merely remove the brakes from the economy through rate cuts or give it an accelerant.
Elsewhere in Asia, Australia’s S&P/ASX 200 rose 0.2% to 7,988.00 and the Kospi in Seoul lost 0.2% to 2,690.83. Hong Kong’s Hang Seng added 1% to 17,611.77, while the Shanghai Composite was up 0.5% to 2,894.57.
Bangkok’s SET increased 0.8% after data showed the country’s gross domestic product in the second quarter increased 2.3% compared to a year earlier, driven by tourism.
On Friday, the S&P 500 rose 0.2% to 5,554.25 for a seventh straight gain and pulled back within 2% of its all-time high set last month. The Dow Jones Industrial Average gained 0.2% to 40,659.76, and the Nasdaq composite added 0.2% to 17,631.72.
Treasury yields eased in the bond market following mixed reports on the U.S. economy. One showed homebuilders broke ground on fewer projects last month than forecast, which threw some cold water on the market. Optimism had been rising earlier in the week following a flurry of better-than-expected reports on everything from inflation to sales at U.S. retailers.
But a report later in the morning suggested U.S. consumers are feeling better about the economy than expected. That’s a big deal for Wall Street because their spending makes up the bulk of the economy.
Even though confidence rose in the economy’s strength following the strong run of reports, it is still likely slowing under the weight of high interest rates.
The question is whether the slowdown in growth will overshoot and become a recession. The hope on Wall Street is that an expected cut to interest rates at the Fed’s next meeting in September will help forestall that.
In the bond market, the yield on the 10-year Treasury fell to 3.88% from 3.92% late Thursday. The two-year yield, which more closely tracks expectations for Fed action, fell to 4.05% from 4.10% late Thursday.
In energy trading, benchmark U.S. crude gave up 16 cents to $75.38 a barrel. Brent crude, the international standard, lost 15 cents to $79.53 a barrel.
The euro has been strengthening against the U.S. dollar. On Monday, it cost $1.1040, inching up from $1.1028.
___
AP Business Writer Stan Choe contributed to this report.
World
Secret Service Agent Assigned to Jill Biden Shoots Self in Leg
A U.S. Secret Service agent assigned to former First Lady Jill Biden accidentally shot himself in the leg early on Friday near Philadelphia International Airport, according to a source familiar with the incident.
In a statement that did not mention Biden, the Secret Service said the incident occurred just after 8:30 a.m. EST and the agent suffered a non-life-threatening injury.
“There was no impact to the protectee’s movement and they were not present at the time of the incident,” the statement said.
The agent “accidentally discharged his firearm” while traveling in an unmarked SUV near the airport, Philadelphia Police Department Cpl. Jasmine Colón-Reilly said in a statement.
Emergency medical personnel responded to the scene and the agent was transported to Penn Presbyterian Medical Center in stable condition, Colón-Reilly said.
“The Secret Service’s Office of Professional Responsibility will be reviewing the facts and circumstances of this incident,” the Secret Service said.
The Secret Service is responsible for providing security to current and former presidents, vice presidents and their families and foreign leaders and is also an investigative agency.
—
(Reporting by Christian Martinez in Los Angeles; editing by Scott Malone and Chris Reese)
World
Body found in search for missing American Airlines flight attendant in Colombia: mayor
NEWYou can now listen to Fox News articles!
A mayor in Colombia announced that a corpse had been discovered and was likely that of an American citizen who had gone missing.
Eric Fernando Gutierrez Molina, a 32-year-old American Airlines flight attendant from Texas, had gone missing while in the foreign country, according to reports.
“Since last Sunday, we have been searching for Eric Gutiérrez, a U.S. citizen who is missing,” Medellín Mayor Federico Gutiérrez noted in a Friday post on X, according to a translation from Spanish.
AMERICAN AIRLINES FLIGHT ATTENDANT VANISHES DURING COLOMBIA LAYOVER: ‘HIS FAMILY IS DESPERATE’
Medellin Mayor Federico Gutierrez speaks during a press conference on Dec. 19, 2025. (JAIME SALDARRIAGA / AFP via Getty Images)
“Unfortunately, a lifeless body has just been found between the municipality of Jericó and Puente Iglesias,” he noted.
“There is a very high probability that it is this person,” the mayor explained.
COLOMBIAN MILITARY PLANE CRASH KILLS AT LEAST 66, HEAD OF ARMED FORCES SAYS
Eric Fernando Gutierrez Molina (CDColExt/X)
“We are heartbroken by the tragic passing of our colleague,” American Airlines noted in a statement provided to Fox News Digital on Saturday.
‘AMERICAS COUNTER CARTEL COALITION’: INSIDE THE US STRATEGY TO COMBAT NARCO TERROR, CONFRONT CHINA, OTHER FOES
An American Airlines Airbus A321 departs from Harry Reid International Airport on March 11, 2026, in Las Vegas, Nevada. (Kevin Carter/Getty Images)
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
“Our thoughts and support are with his family, loved ones and colleagues during this difficult time, and we are doing all we can to assist Colombian law enforcement in its investigation,” the company added.
Fox News Digital’s Alexandra Koch contributed to this report
World
Hundreds of thousands march through London in stand against the far right
London, United Kingdom – Hundreds of thousands of people have marched through central London in what organisers are calling the largest ever demonstration against the far right in British history.
The Together Alliance march, backed by about 500 groups including trade unions, antiracism campaigners and Muslim representative bodies, brought together a diverse crowd of all ages from across the country on Saturday, converging on Whitehall near the Houses of Parliament.
list of 3 itemsend of listRecommended Stories
Organisers said that half a million people took part.
Kevin Courtney, chairman of the Together Alliance, told crowds the march “gives us all confidence to carry on.”
London’s Metropolitan Police put the figure considerably lower, at approximately 50,000, though officers acknowledged it was difficult to reach an accurate figure given how spread out the crowds were.
The protest was met with a far smaller group of counterprotesters waving Israeli flags and Iran’s pre-1979 monarchical flag.
Aadam Muuse, a trade union activist, told Al Jazeera that racism and Islamophobia had moved from the fringes into mainstream politics, and was “being pushed by parliamentarians”.
He said the march was “much needed to push back against [Reform leader Nigel] Farage and his ilk,” adding that the populist party “must be defeated at the ballot box”.
Al Jazeera’s Milena Veselinovic, reporting from the march, said demonstrators were pushing back against what they saw as “the politics of hate and division” in the United Kingdom.
One demonstrator, activist and writer Hamja Ahsan, told Al Jazeera he was motivated to attend after a rally organised by the far-right agitator-activist Tommy Robinson that drew 150,000 people and was marred by violence that injured several police officers. Robinson is reportedly planning another rally in May.
“We need to show them that we’re the majority,” Ahsan said. “At a street level, the far right won’t take over our streets.”
He said the atmosphere on Saturday was akin to the Notting Hill Carnival, as the march united people from all backgrounds, “from pensioners to children”.
Museum worker Charlotte Elliston told Al Jazeera that she also feels unsettled by the far right’s creeping rise.
“You think this would never happen here, and then all of a sudden this might happen,” she said. “You see that it is getting scary.”
Several left-wing politicians joined the demonstration.
Independent MP Jeremy Corbyn posted on X that the “problems we face are not caused by migrants or refugees”, arguing they were rooted instead in “an economic system rigged in favour of corporations and billionaires”.
MP Zarah Sultana said on X, “There’s one minority we should be angry at: the billionaires funding division while working class people can’t make ends meet.”
Green Party leader Zack Polanski, Dianne Abbott and Greater Manchester mayor Andy Burnham were also among the crowds.
‘Historic demonstration’
The rights group Amnesty UK hailed the “historic demonstration”, saying marchers were “calling for a different vision of society – one which places dignity, compassion and human rights at its heart”.
A separate march organised by the Palestine Solidarity Campaign, which assembled at Exhibition Road near Hyde Park, converged with the main demonstration during the afternoon.
Eighteen people were arrested outside New Scotland Yard on Saturday after staging a protest in support of Palestine Action, the protest group which remains proscribed under the Terrorism Act despite a High Court ruling in February that the government’s decision to ban it was unlawful.
The march comes amid rising racism as Farage’s Reform party surges in the polls.
Hope Not Hate, an antiracism campaign group, warned earlier in March that the British far right is now “bigger, bolder and more extreme than ever before”.
-
Detroit, MI1 week agoDrummer Brian Pastoria, longtime Detroit music advocate, dies at 68
-
Movie Reviews1 week ago‘Youth’ Twitter review: Ken Karunaas impresses audiences; Suraj Venjaramoodu adds charm; music wins praise | – The Times of India
-
Sports1 week agoIOC addresses execution of 19-year-old Iranian wrestler Saleh Mohammadi
-
New Mexico6 days agoClovis shooting leaves one dead, four injured
-
Business1 week agoDisney’s new CEO says his focus is on storytelling and creativity
-
Tennessee5 days agoTennessee Police Investigating Alleged Assault Involving ‘Reacher’ Star Alan Ritchson
-
Technology6 days agoYouTube job scam text: How to spot it fast
-
Texas1 week agoHow to buy Houston vs. Texas A&M 2026 March Madness tickets