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Trump Says Iran Agreed to Allow 20 More Ships of Oil Through Strait of Hormuz The New York TimesTrump reveals 'present' from Iran, confirms estimated timeline for war Fox NewsSeth Meyers on Donald Trump's ‘present' from Iran: ‘Is the president getting catfished?' The GuardianTrump says Iran gave US 20 boats of oil 'out of a sign of respect' Anadolu Ajansi
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White House Blasts Scathing New York Times Analysis Of Ballroom That Found ‘Stairs Lead Nowhere' ForbesTrump's Ballroom Design Has Barely Been Scrutinized nytimes.comKaroline Leavitt fumes as Trump's ballroom plan trashed by architects The IndependentThe larger stakes of Trump's redesign of Washington, DC Vox
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Ryan Gosling's 'Project Hail Mary' Tops Box Office With $54.5 Million Variety‘Project Hail Mary' Is Fun. Maybe That's All It Takes. nytimes.com‘Project Hail Mary' flies to $54.5 million second weekend, horror reaches a saturation point AP NewsBox Office: ‘Project Hail Mary' Enjoys Epic Hold With $54.5M Weekend, ‘They Will Kill You' DOA at $5M The Hollywood Reporter
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TSA line wait times subside at BWI-Marshall day after ICE deployment WBAL-TVHow to check TSA wait times at DMV airports WUSA9Security lines easing at BWI, but officials still advise early arrival Sunday WBFFAmericans just endured a nightmare week of travel. It's not going to get better anytime soon. Yahoo Finance
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Cayden Boozer takes blame for Duke collapse after fateful turnover: ‘I ruined our team's season' The New York TimesUConn's Braylon Mullins hits game-winning 3-pointer to shock Duke, advance to men's Final Four Fox NewsCayden Boozer turnover trends as Duke Basketball's worst NCAA Tournament moment Yahoo SportsUConn downs Duke with last-second 3-pointer to j
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Marshals Episode 5 Ends On Deadly Cliffhanger, Star Hopes The Storyline Will Be A 'Wake-Up Call For Society' TVLineView Full Coverage on Google News
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Exclusive: US Treasury to consult with insurance regulators on private credit lenders, sources say ReutersFirst Treasury meeting with regulators expected to be announced as soon as Wednesday; meeting's outcome will inform direction of regular future meetings - sources marketscreener.comU.S. Treasury in coming weeks will begin series of meetings with domestic and international insurance regulators on recent developments in private credit markets - sources marketscreener.com
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Dow futures fall 300 points as Wall Street braces for U.S. ground assault on Iran and Houthi attacks FortuneGlobal Energy Markets Brace as US Military Surges into Middle East streamlinefeed.co.ke^GSPC Today: March 26 - 82nd Airborne Buildup Lifts Oil Risk MeykaDow Rebounds After 400-Point Drop As Reports Flag Marine Deployment On Trump's Iran Deadline stocktwits.com
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Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
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Mortgage activity in the U.S. has contracted for consecutive weeks. In the week ended April 26, the mortgage activity composite index slid 2.3% following a 2.7% fall the week before. Refinancing fell 3.3% while purchase applications dropped 1.7%. Inflation's stubbornness in the first quarter of 2024 has led investors to conclude that the Federal Reserve's first rate cut might not be coming this year. This has buoyed interest rates such as the 30-year fixed-rate mortgage. In the week ended April 26, the 30-year fixed rate rose 5 basis points to 7.29%, its highest since November.
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
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After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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