Stocks Dip as Risk Appetite Fades; US-Iran Near Nuclear Deal
US equity futures fall as enthusiasm for Wall Street's rally fades. Oil prices fall as President Trump says Washington is nearing a nuclear deal with Tehran. Trump also says that India has offered to drop all tariffs on US goods. Shares of UnitedHealth dip after a report on the firm's criminal investigation. Ella Hoxha of Newton Investment Management discusses the bond market looking increasingly nervous about the fiscal element of US politics. Mark Malek of Siebert Financial says investors shouldn't ignore the dorsal fin of goods inflation rising to the surface. 'Bloomberg Brief' delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
11 minutes ago
Critical US-Iran nuclear talks on shaky ground
The future of high-stakes negotiations over Iran's nuclear program remains shrouded in uncertainty as the U.S. and Iran publicly clash over the terms of an interim agreement proposed by the Trump administration that is intended to pave the way for a longer-lasting deal. Iran's supreme leader, Ayatollah Ali Khamenei, slammed that proposal during an address on Wednesday, saying it "contradicts our principle of power by 100%" and vowing that Iran would not agree to stop enriching uranium on its own soil, calling it "a key tool in the nuclear program." The Iranian foreign minister, Seyed Abbas Araghchi, succinctly underscored Iran's terms in a post on X shortly after the Ayatollah's speech, writing "no enrichment, no deal." Iran's stance contrasts sharply with that of President Donald Trump, which he emphasized on his social media platform on Monday. "Under our potential Agreement -- WE WILL NOT ALLOW ANY ENRICHMENT OF URANIUM!" Trump wrote on Truth Social. While the president and his Cabinet officials have repeatedly said Iran would be required to end enrichment activities under the terms of a deal, U.S. officials say that the initial interim proposal -- which is only intended to be a stepping stone to a broader agreement -- did not prohibit Iran from enriching uranium at low levels while a long-term solution to fuel Iran's civilian nuclear energy program could be established. Trump's post appeared to contradict the position staked out by his negotiators, and although Iran has not yet formally responded to the interim proposal, it remained unclear on Wednesday whether the U.S. would stand by all the terms in its initial offer. Whether delegations from Iran and the U.S. would meet for a sixth round of nuclear negotiations also remained unclear, although a U.S. official said a possible meeting in the coming days was under discussion. After holding a phone call with Russian leader Vladimir Putin on Wednesday, Trump signaled that he would look to Moscow to play a greater role in negotiations with Iran. "President Putin suggested that he will participate in the discussions with Iran and that he could, perhaps, be helpful in getting this brought to a rapid conclusion," Trump wrote on Truth Social. "It is my opinion that Iran has been slowwalking their decision on this very important matter, and we will need a definitive answer in a very short period of time!" But optimism among both U.S. and Iranian officials appears to have cooled in recent days. An Iranian official, who spoke with ABC News on the condition of anonymity to discuss sensitive negotiations, said that the U.S.' proposed terms are "unreasonable, greedy and unconventional." "The U.S. constantly changes its positions, which has led to a growing accumulation of mistrust regarding its intentions and heightened uncertainty about its will and seriousness to fulfil commitments, assuming any agreement is even to be formed," they told ABC News. "This document is not even open to be reviewed or responded to," the official added. Iran is pushing for relief from sanctions that have badly damaged the national economy. This week, Iranian Foreign Ministry spokesperson Esmail Baghaei said Tehran needs guarantees regarding the "real end of the sanctions." That would include details on "how and through what mechanism" they would be lifted, Baghaei said, in remarks carried by the official IRNA news agency. Araghchi and Khamenei were downbeat on the U.S. proposal in comments this week. The document has "many ambiguities and questions," the Iranian foreign minister said in a Telegram post on Tuesday. "Many issues in this proposal are not clear," he added.
Yahoo
14 minutes ago
- Yahoo
Trump signs proclamation to ban travel from 12 countries
President Donald Trump signed a proclamation Wednesday evening to ban travel from several countries to the US, citing security risks. The ban will fully restrict entry of nationals from 12 countries: Afghanistan; Myanmar, also known as Burma; Chad; Republic of the Congo; Equatorial Guinea; Eritrea; Haiti; Iran; Libya; Somalia; Sudan; and Yemen. People from seven countries will have partial restriction: Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela. The proclamation includes exceptions for lawful permanent residents, existing visa holders, certain visa categories and individuals whose entry serves US national interests. The president made the final call on signing this proclamation after the antisemitic attack in Boulder, Colorado, according to a White House official. He was considering it beforehand, but Sunday's assault put it into motion faster. The White House is touting the new president's travel ban as 'fulfilling' a campaign promise to 'protect Americans from dangerous foreign actors that want to come to our country and cause us harm.' 'President Trump is fulfilling his promise to protect Americans from dangerous foreign actors that want to come to our country and cause us harm. These commonsense restrictions are country-specific and include places that lack proper vetting, exhibit high visa overstay rates, or fail to share identity and threat information,' White House deputy press secretary Abigail Jackson wrote on X. Trump said in a video posted Wednesday that new countries could be added to the travel ban as 'threats emerge around the world.' 'The list is subject to revision based on whether material improvements are made. And likewise new countries can be added as threats emerge around the world, but we will not allow people to enter our country who wish to do us harm and nothing will stop us from keeping America safe,' the president said. The proclamation takes effect at 12:01 AM on June 9, according to the White House. Wednesday's proclamation comes less than five months after the president was inaugurated into office for his second term. On his first day in office, he issued an executive order directing cabinet members, including the secretary of state, to compile a list of countries 'for which vetting and screening information is so deficient as to warrant a partial or full suspension on the admission of nationals from those countries.' In his first term, Trump barred travelers from seven majority-Muslim nations from coming to the US, a policy that saw court challenges before President Joe Biden repealed it when he took office in 2021. The barring of nationals from Afghanistan could impact Afghans who worked alongside the US during its two decades of war there. Tens of thousands of Afghans have already been caught in limbo due to other Trump administration executive orders suspending the US refugee admissions program and the suspension of foreign aid funding for flights of Afghan Special Immigrant Visa (SIV) holders. This story and headline have been updated with additional information.
Yahoo
14 minutes ago
- Yahoo
General Dynamics (GD) Announces US$1.50 Quarterly Dividend For Shareholders
General Dynamics recently affirmed a quarterly dividend of $1.50 per share, underscoring its commitment to rewarding shareholders. Over the last quarter, GD's stock price rose by 4%, in line with broader market trends. During this period, the company reported first-quarter earnings with a revenue increase to $12,223 million and a rise in net income to $994 million, which likely supported this upward move. The completion of a share repurchase tranche may have also added positive sentiment. In the context of a 13% market rise over the past year, General Dynamics' performance reflects steady growth. We've spotted 1 possible red flag for General Dynamics you should be aware of. Uncover 18 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The recent reaffirmation of General Dynamics' quarterly dividend of US$1.50 per share and its 4% stock price rise in the last quarter align with broader market trends, potentially reinforcing investor confidence. Over the past five years, the company's total return, including share price and dividends, increased by 95.69%. This longer-term gain can offer a more comprehensive perspective on its overall performance. In comparison to the previous year, the company's return underperformed both the US Aerospace & Defense industry, which returned 32.2%, and the broader US market, which returned 12.6%, indicating challenges in keeping pace with industry and market growth. The certification of the G800 and strengthened order activity could positively affect future revenue and earnings forecasts. Analysts estimate an annual revenue growth of 3.4% over the next three years, supported by improvements in aerospace and marine efficiencies. However, challenges like supply chain issues and pressurized book-to-bill ratios could constrain growth. With a current share price of US$270.61, the analyst consensus price target of US$292.42 suggests a 7.5% higher market value, illustrating a fairly close alignment between current pricing and projected company value. Evaluate General Dynamics' prospects by accessing our earnings growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GD. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
