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…
Shares of Intel slid 3.5% on Thursday after former President Donald Trump declared on Truth Social that “the CEO of Intel is highly CONFLICTED and must resign, immediately.” The post landed just before the opening bell, triggering automated sell orders and dragging the stock to its lowest level in a month even as the tech-heavy Nasdaq Composite advanced. Cotton’s Letter…
Massive Investment Reinforces America First Policy Apple is set to invest an additional $100 billion in the United States to expand its domestic operations, according to a White House official. The announcement, to be made by President Donald Trump, follows Apple’s earlier $500 billion commitment aimed at growing its footprint within the country. The move signals another major victory for…
A Familiar Strategy: Attack The Messenger President Donald Trump rejected July’s disappointing employment figures by casting doubt on the numbers and removing the official who oversees them. After the Bureau of Labor Statistics reported a sharp slowdown in hiring and downward revisions to prior months, Trump called the figures “phony” and moved to oust the commissioner who supervised the process.…
End of Duty-Free Shopping for Low-Cost Imports The Biden administration has moved to close a major trade loophole used by global e-commerce giants like Shein and Temu, eliminating the “de minimis exemption” that allowed duty-free entry for goods valued under $800. Originally scrapped for China and Hong Kong in May, the exemption will now end for all countries starting August…
Jobs Growth Cools And Prior Months Revised Lower U.S. employers added 73,000 jobs in July, a sharp slowdown that undercut expectations and signaled a cooler labor market. Just as notable, the Labor Department’s revisions wiped out a combined 258,000 jobs previously reported for May and June, recasting the summer hiring picture as much weaker than believed. The unemployment rate rose…
Surging AI Momentum and Cloud Growth Drive Historic Milestone Microsoft reached a historic $4 trillion market valuation on Thursday, becoming the second company ever to do so after a strong earnings report and renewed investor confidence in its AI and cloud businesses. Shares of the tech giant rose nearly 4.5% in early trading, pushing its intraday value to $4.01 trillion.…
