World
AI’s impact on the job market is ‘inevitable,’ says workforce expert: ‘It’s going to hurt for certain parts of the population’
For those concerned about AI’s impact on the job market, Amazon CEO Andy Jassy’s recent announcement may add even more fuel to the fire. In a memo to Amazon employees on June 17, Jassy shared that the company plans to cut down their corporate workforce in the next few years due to “efficiency gains” from […]
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Middle East ocean freight rates soar on Iran conflict, Strait of Hormuz shipping risks
Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025. Giuseppe Cacace | Afp | Getty Images Ocean […]
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Fundstrat’s Tom Lee says he is not surprised by market’s resilience after U.S. attack on Iran
The market’s mild reaction to the U.S.’ bombing of Iran over the weekend isn’t all that unexpected, according to investor Tom Lee. The major averages were mostly steady on Monday, even after the U.S. entered Israel’s war against Iran by striking three Iranian nuclear sites. Stocks were last trading around the flatline. Oil prices were […]
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Iran says it attacked U.S. military base in Qatar with missiles
Iran says it attacked U.S. military base in Qatar with missiles Source
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Shipping groups avoid the Strait of Hormuz to reduce exposure after U.S. strikes on Iran
An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images The number of vessels navigating […]
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China’s support for Tehran grows more restrained as U.S. enters war between Israel and Iran
TOPSHOT – China’s Foreign Minister Wang Yi (C) gestures as he welcomes Russia’s Deputy Foreign Minister Sergey Ryabkov (R) and Iran’s Deputy Foreign Minister Kazeem Gharibabadi before a meeting regarding the Iranian nuclear issue at the Diaoyutai State Guesthouse in Beijing on March 14, 2025. Afp | Getty Images As the U.S. rained bombs and […]
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Dollar surge could be short-lived after U.S. strike on Iran
The U.S. dollar surged in early trading on Monday, benefiting from its traditional safe-haven status after U.S. military strikes on Iran — but analysts are warning the gains may be short-lived. The dollar index was up 0.45% at one point, indicating a gain against currencies such as the Japanese yen, the euro and the British […]
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European markets start the week lower as Middle East crisis worsens
Dollar rises, yen falls As markets digest the U.S. strikes on Iran over the weekend, the dollar is on the rise, while other currencies typically seen as safe havens have lost momentum. The U.S. dollar index — which measures the greenback against a basket of major rivals — was 0.3% higher by 8:25 a.m. in […]
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Russia watches on as ally Iran is pummeled — and it’s unlikely to go to Tehran’s rescue
Russian President Vladimir Putin tours an exhibition at the Central Museum of the Great Patriotic War on Poklonnaya Gora in Moscow, Russia, April 30, 2025. Alexander Kazakov | Via Reuters Russia’s response to Iran’s call for help is being closely watched on Monday after the U.S. bombed Tehran’s nuclear facilities over the weekend — but […]
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Iran’s threat to close the Strait of Hormuz could deepen Tehran’s isolation, experts say
Cargo ships sail in the Gulf off the Iranian port city of Bandar Abbas, which is the main base of the Islamic republic’s navy and has a strategic position on the Strait of Hormuz, on April 29, 2019. ATTA KENARE | AFP | Getty Images Iran may be threatening to close the Strait of Hormuz […]
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