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Real-time News
On May 20th, according to Axios, Donald Trump formally endorsed Texas Attorney General Ken Paxton in the Texas Republican Senate primary runoff, just one day before early voting began. This endorsement is significant: Senate Republicans had been urging Trump for months to support incumbent Senator John Cornyn instead of Paxton. Trump had tweeted after the March 3rd primaries that he would soon make an endorsement and that anyone not receiving his support should drop out of the race, but ultimately did not deliver on that promise. Meanwhile, Trump faces strong opposition from his MAGA allies to his support of Cornyn. Cornyn received the most votes in the primaries but did not secure a majority. Polls show the runoff race is very close between the two.The United Nations has revised its 2026 global inflation forecast upward from 3.1% to 3.9%.The United Nations predicts that global economic growth will slow to 2.1% if energy disruptions become more severe.The UK government has stated that it will allow certain services and operations related to the import of diesel and aviation fuel from third countries, even if the fuel is produced using Russian crude oil processed in a third country.Bank of Japan Governor Kazuo Ueda: We will work closely with the government to address the situation in the Japanese government bond market.