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J.P. Morgan lifts S&P 500 year-end target to 7,600 on AI-driven earnings

J.P. Morgan on Tuesday raised its year-end target for the S&P 500 index to 7,600, citing AI and tech-driven earnings, just weeks after lowering its forecast, with a ceasefire between the U.S. and Iran aiding sentiment. The revised target implies an upside of about 6.9% from Monday's close of 7,109.14. The Wall Street brokerage had cut its target to 7,200 from 7,500 last month.J.P. Morgan also hiked its annual earnings-per-share forecast for the index to $330 from $315. For 2027, it increased its EPS target to $385 from $355.U.S. equities have rebounded from their March lows following a ce

Chornobyl first responder says few survive 40 years on

Musk and insiders to retain voting control of SpaceX after IPO, filing shows

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Musk bought $1.4 billion SpaceX shares last year, The Information reports

Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion worth of stock from current and former employees, The Information reported on Tuesday. The secondary stock purchase, made through Musk's trust, was disclosed in a draft of SpaceX's confidential IPO prospectus, the report said. SpaceX also approved a plan last month that would award the billionaire CEO 60 million additional shares if the company’s market capitalization climbs from $1.1 trillion to as high as $6.6 trillion and the firm completes an ambitious plan of building data centers in space to supply comput

Russia has taken 1,700 square km of Ukraine this year, top general says

Pope heads to Equatorial Guinea after denouncing authoritarians

Asia|Crime|Political|World

Myanmar president seeks peace talks within 100 days, rebels reject offer

Myanmar's new military-backed government wants to hold peace talks with opposition armed groups by the end of July, the country’s junta leader-turned-president said, but two key rebel groups rejected the offer on Tuesday.State media reported that President Min Aung Hlaing, who led a coup five years ago that plunged the Southeast Asian country into a civil war that continues to rage, told a government meeting that he wanted rebel groups that were not part of a ceasefire deal to join talks to be held within 100 days. "For groups that have not yet engaged in dialogue and negotiation, we also

Pakistan presses ahead with preparations for Iran-US talks even with Tehran's participation unclear

Trump’s ‘Board of Peace’ holds talks with DP World on rebuilding Gaza, FT says

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Virginia voters deciding on redistricting plan that could boost Democrats' seats in Congress

Virginia voters on Tuesday will decide whether to ratify an unusual mid-decade redrawing of U.S. House districts that could boost Democrats’ chances of flipping control of the closely divided chamber, as the state becomes the latest front in a national redistricting battle. A proposed constitutional amendment backed by Democratic officials would bypass the state's bipartisan redistricting commission to allow use of new congressional districts approved by state lawmakers in this year's midterm elections. The referendum tests Democrats' ability to pus

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JetBlue CEO rules out bankruptcy this year despite surging fuel costs amid Iran war

JetBlue Airways CEO Joanna Geraghty told employees the carrier was not considering bankruptcy for this year, according to a memo seen by Reuters on Monday, even as higher jet fuel prices due to the Iran war threaten its financial recovery.Airlines worldwide are struggling with surging jet fuel costs after U.S.-Israeli strikes on Iran disrupted traffic through the Strait of Hormuz, a key waterway for global oil flows, delivering the industry's biggest shock since the COVID-19 pandemic.The New York-based carrier recently secured a $500 million debt financing commitment backed by up to 22 aircra

CJ McCollum takes Young's place in Atlanta and as MSG's villain in leading Hawks past the Knicks

Louisiana community is struggling to understand after man killed 8 children

Crime|US|World

2 killed, 5 injured as planned fight between teens turns into deadly shooting at North Carolina park

A planned fight among young people escalated into a mass shooting at a North Carolina park Monday morning that left two teenage boys dead and five other people injured, authorities said. Winston-Salem police Capt. Kevin Burns said a 16-year-old and a 17-year-old died at the scene after being shot around 10 a.m. at Leinbach Park, near a middle school. Five others between the ages of 14 and 19 were shot and suffered injuries ranging from critical to minor, Burns said at a news conference. Four of those victims are female, officials said. Officials said multiple peopl

Economy|Political|US|World

Trump: New deal with Iran will be better than old one

President Donald Trump said on Monday he believed a nuclear deal the U.S. is currently negotiating with Iran will be better than a 2015 international agreement to curb Tehran's nuclear program."The DEAL that we are making with Iran will be FAR BETTER than the JCPOA, commonly referred to as 'The Iran Nuclear Deal',” Trump wrote in a social media post after concerns expressed by Democrats and some nuclear experts that he is rushing negotiations on a highly complex topic.During his first White House term, Trump in 2018 withdrew from the Joint Comprehensive Plan of Action agreed to by Iran, the

Gulf worries US-Iran talks may cement Tehran's 'golden' grip on Hormuz

US Justice Department demands 2024 Detroit-area ballots in latest move for local election records

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Britain’s royals remember Queen Elizabeth II on what would have been her 100th birthday

Britain’s royal family will mark what would have been the late Queen Elizabeth II’s 100th birthday by unveiling comprehensive plans for a new charity and memorial in central London.Several events are planned for Tuesday to honor Britain’s longest-serving monarch, who died nearly four years ago at the age of 96.Her son King Charles III and his wife Queen Camilla will visit the British Museum in London to view designs of the planned memorial, while her daughter Princess Anne will officially open the Queen Elizabeth II Garden in Regent’s Park, London. In a video posted on the Royal Family

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Oil prices slip and world shares mostly gain as US-Iran talks still in doubt

Oil prices slipped and shares were mostly higher Tuesday in Europe and Asia as U.S.-Iran talks aimed at ending the war remained in doubt. The price for a barrel of Brent crude oil dipped 0.7% to $94.81. U.S. benchmark crude oil lost 0.9% to $86.63 per barrel. The war has disrupted transport of oil through the Strait of Hormuz, a vital waterway that usually is fully open to international shipping, pushing oil prices sharply higher. U.S. President Donald Trump has demanded that vessels again be allowed to transit the strait unimpeded, i

Gunman shoots Canadian woman dead at Mexico’s Teotihuacan pyramids, 13 injured

Dodgers closer Edwin Díaz will have elbow surgery and is expected to miss about 3 months

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A deal to end the Iran war seemed close. Then Trump started posting on social media

As the weekend approached, the US and Iran appeared to be closing in on a deal to end the seven-week war.Then President Donald Trump did exactly what his staffers have repeatedly said they wouldn’t do: He seemed to try negotiating via the press, posting about ongoing talks on social media and speaking to several reporters by phone Friday morning as Pakistani intermediaries updated him on ongoing talks with Iranian officials in Tehran.He claimed Iran had agreed to a host of provisions that sources familiar with the talks said have not yet been finalized. He also asserted that Tehran had agree

Business|Economy|Environment|Technology|World

China’s energy fortress was built to withstand just this type of oil shock

For more than a decade, leader Xi Jinping has overseen a transformation within the Chinese economy with one aim: making it energy-secure.Under that vision, China has unleashed a renewable energy revolution of wind, solar and hydropower, drilled ever deeper into oilfields offshore and on, and forged pacts with partners for more supply – all in a bid to cut the country’s reliance on imported fuel and insulate it against “external shocks.”Now, the historic oil crisis triggered by the United States and Israel’s war on Iran is posing the sternest test to date of China’s Promethean effor

Japan scraps a ban on lethal weapons exports in a change of its postwar pacifist policy

Who is John Ternus, Apple's new CEO?

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Russian blogger whose angry appeal to Putin went viral hits back after state TV attack

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Tim Cook will step down as Apple CEO and hand reins over to the iPhone maker's hardware leader

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a 15-year reign that saw the company’s market value soar by more than $3.6 trillion during an iPhone-fueled era of prosperity

Political

Former Hawaii Gov. George Ariyoshi, the 1st US governor of Asian American descent, dies at 100

Former Hawaii Gov. George R

Election|Europe|Political|World

Tired of political turmoil, Bulgarians give ex-president a convincing mandate for change

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The tariff refund process is finally kicking off

Arts|Crime|MidEast|Political|World

Israeli soldier's desecration of crucifix in south Lebanon draws condemnation

A photo showing the desecration of a crucifix smashed by an Israeli soldier in a southern Lebanese village home to Christians

Entertainment|Health|Political

Virginia Sen. Mark Warner's daughter has died: 'Heartbroken beyond words'

Election|Political|World

Even Catholic Trump supporters feel conflicted over the president’s tiff with the pope

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Amazon's collusion drove up consumer prices, California says, citing new evidence

Amazon.com worked behind the scenes with merchants such as Levi Strauss to prod online rivals such as Home Depot, Walmart and Chewy to raise prices for

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The Latest: Pakistan prepares for upcoming peace talks despite US seizure of Iranian cargo ship

President Donald Trump is defending his Iran war strategy, attacking critics and skeptics on Monday as “TRAITORS, ALL” after a second round of talks with Iran were thrown into doubt by the U.S. Navy’s seizure of an Iranian-flagged cargo ship near the Strait of Hormuz