Governments and traders spent Monday assessing the energy fallout from the expanding war involving Iran, as disruption around the Strait of Hormuz renewed fears over one of the world’s most important oil corridors. Since the conflict began on Feb. 28, tanker traffic through the strait has largely stalled, raising concern that a prolonged interruption could restrict supply well beyond the…
U.S. stocks rose on Friday as Amazon delivered a far stronger profit report than analysts had forecast, giving Wall Street fresh momentum after a shaky session the day before. The S&P 500 gained 0.6%, bringing it back close to the record high set earlier this week and leaving it on track for a third straight winning week and a sixth…
The United States is confronting an expected shortage of the 1-cent coin only a few months after President Donald Trump directed the U.S. Mint to halt production, arguing that a coin that costs almost 4 cents to manufacture “no longer makes sense” for taxpayers. After the Mint shipped its final order of penny blanks in June 2025, officials expected the…
Nvidia has become the first publicly traded company to top a $5 trillion market capitalization, reaching the benchmark just three months after first crossing $4 trillion. The new record reinforces how the generative-AI boom has reshaped equity markets and crowned Nvidia as the core supplier of infrastructure for training and running advanced models. Shares touched $207.86 in early U.S. trading…
Amazon announced plans to eliminate about 14,000 corporate positions worldwide, marking one of its largest restructuring efforts since 2023. The reduction, which affects roughly 4% of its global corporate staff, comes as the company refocuses its resources toward artificial intelligence (AI) development and automation. According to internal documents and statements released on October 28, 2025, the layoffs will primarily impact…
Brazilian farmers and agribusinesses are riding a wave of demand as the Asian giant China turns increasingly to the South American nation for soybeans. Between January and August 2025, Brazil exported approximately 77 million metric tons of soybeans to China, an amount that effectively represents the majority of its first-season harvest. The substantial volume comes amid a sharp decline in…
Adjustment and Eligibility Details Reveal Important Changes The Social Security Administration (SSA) announced a 2.8% cost-of-living adjustment (COLA) for 2026 benefits, marking an increase from the 2.5% bump applied for 2025. The increase will take effect with payments issued in January 2026 for most Social Security beneficiaries, while recipients of Supplemental Security Income (SSI) will see the adjustment reflected in…
