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Stocks are ticking higher Friday as expectations rise for the Federal Reserve to hike interest rates soon to get the nation's high inflation under control.

Iran seeks new trade routes and partners as the U.S. pressures countries to sever economic ties with Tehran.

The New York Times reported talks between the two parties were preliminary, with no assurance that they will lead to meaningful negotiations toward a settlement.

Stocks are drifting near their record heights on Monday, ahead of a week where profit reports from the nation's biggest retailers could hint at how shoppers are dealing with high inflation and a slowing job market.