Oil markets are spooked as Iran-Israel tensions escalate
Israel’s strike on Iran, and Tehran’s subsequent retaliation fuel fears of Strait of Hormuz trade disruptions.
![US President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, [File: Saul Loeb/AFP]](/wp-content/uploads/2025/04/AFP__20250402__38VV87Q__v1__HighRes__TrumpDeliversRemarksOnReciprocalTariffs-1743678473.jpg?resize=770%2C513&quality=80)
![President Donald Trump, center, surrounded by Speaker of the House Mike Johnson, R-La., and Rep. Lisa McClain, R-Mich., speaks to reporters before a House Republican conference meeting, Tuesday, May 20, 2025, at the U.S. Capitol in Washington. [Julia Demaree Nikhinson/AP Photo]](/wp-content/uploads/2025/05/AP25140499420472_cropped-1747758611.jpg?resize=770%2C513&quality=80)
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Investors interpreted Trump’s comments to mean Nippon Steel had received his approval for its takeover.
It was the second time in one day that the FTC pulled out of litigation begun during the Biden administration.
Economists echo Jamie Dimon’s concerns as US credit downgrade and tariff-driven uncertainty continue.
The bill, which includes cuts to Medicaid and SNAP, now heads to Senate for debate.
Loss of Moody’s highest rating comes amid concerns about Washington’s widening budget deficit and fiscal trajectory.
![A Moody's sign on the 7 World Trade Center tower is photographed in New York [File: Mike Segar/Reuters]](/wp-content/uploads/2023/12/2011-08-02T120000Z_878937844_GM1E7830AD601_RTRMADP_3_RATINGS-1703215071.jpg?resize=270%2C180&quality=80)
Disruption from the ‘highly sophisticated and targeted cyber attack’, first reported around Easter weekend, continues.
In one case, a person suffered permanent brain damage because of a delayed transfer, according to The Guardian.
Unlike Walmart, Target is more heavily reliant on China for goods, and tariffs on its goods are driving earnings down.
Elon Musk has claimed a turnaround in Tesla’s sales after a slump, even as his internet service provider Starlink grows.
Moody’s cited rising debt saying US had repeatedly failed to end the trend of large annual fiscal deficits and interest.
