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ReutersUS consumer confidence unexpectedly improves in May
U.S. consumer confidence unexpectedly improved in May after deteriorating for three consecutive months amid optimism about the labor market, a survey showed on Tuesday. The Conference Board said that its consumer confidence index increased to 102.0 this month from an upwardly revised 97.5 in April. "Views of current labor market conditions improved in May, as fewer respondents said jobs were 'hard to get,' which outweighed a slight decline in the number who said jobs were 'plentiful'," said Dana Peterson, chief economist at the Conference Board.
Raleigh News and ObserverCharlotte Hornets to participate in expanded dual California Classic summer league
Presuming the Hornets hang onto the sixth overall selection in next month’s NBA Draft, the event will provide the first look at their latest first-round pick.
ReutersExplainer-Egypt-Israel relations explained as tensions rise at Rafah border
The death of an Egyptian soldier in an exchange of fire near the Rafah crossing has added to tensions that have undermined Egypt's relationship with Israel since the start of the war in the Gaza Strip. After fighting wars with Israel in 1948, 1956, 1967 and 1973, Egypt became the first Arab country to sign a peace treaty and establish relations with Israel in 1979. Egypt began importing Israeli gas in 2020 and has hosted the East Mediterranean Gas Forum, of which Israel is a member.
