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…
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A federal trade court ruled that companies are due refunds…
U.S. motorists saw a sudden jump in fuel costs as…
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Nvidia reported another blowout quarter, extending a run of results…
Recent data shows that college graduates in the United States are entering the toughest job market in over a decade. As of March 2025, the unemployment rate for young adults aged 22 to 27 with a bachelor’s degree stood at 5.8%, compared to the national average of 4.2%. Economists are growing increasingly concerned that this gap between recent college grads…
Economic Pressure Mounts Amid Fragile Middle East Ceasefire As President Donald Trump navigates a precarious ceasefire between Israel and Iran, analysts warn that his aggressive trade policy may limit the administration’s flexibility. The U.S. economy is already under inflationary pressure from sweeping tariffs. A fresh surge in oil prices could add to that burden, leaving policymakers with little room to…
Federal Reserve Chairman Jerome Powell reiterated on Tuesday the central bank’s intention to maintain current interest rate levels, emphasizing patience in assessing the impact of recent tariffs and broader economic indicators. Powell’s remarks, delivered before the House Financial Services Committee, came as a direct counter to calls by former President Donald Trump for immediate rate cuts to stimulate economic growth.…
Cautious Optimism Holds as Conflict Fails to Rattle Wall Street Wall Street opened the week with little sign of alarm after a major U.S. military operation targeted three Iranian nuclear facilities over the weekend. While such an escalation might typically send shockwaves through global markets, the reaction on Monday remained remarkably subdued across equities, oil, and bond markets. The U.S.…
Paris-based music streamer Deezer will begin tagging albums that contain songs made wholly or partly with generative AI. Listeners will see a prominent “AI-Generated Content” notice and an alert explaining that some tracks were produced by song-generator tools. The move comes after the company detected a surge in artificially created uploads designed to siphon royalty payments. Executives argue the labels…
Beijing Emerges Strategically Stronger After London Talks China has walked away from the latest US trade negotiations with renewed confidence in its geopolitical leverage, particularly around critical mineral exports. The agreement, described by Washington as a deal “done,” is in fact a return to the stalled truce previously reached in May. Yet the political and economic dynamics have shifted. China…