Markets
Oil Prices Climb as US-Iran Tensions Halt Hormuz Traffic
Benchmark crude oil prices rose Thursday following US-Iran escalation, which saw commercial traffic through the Strait of Hormuz dwindle to near zero.
Markets
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Finance
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Finance
Visa Embeds Secure Payments in ChatGPT
Visa and OpenAI have integrated Visa's secure global payment system directly into ChatGPT, marking a significant step toward AI-driven consumer shopping. This...
Finance
Baby Bank Sees Unprecedented Demand Amidst Cost of Living Crisis
Hartlepool Baby Bank reports a tenfold increase in families needing support, with working parents increasingly struggling due to rising childcare costs.
Finance
Hormuz Deal: Shipping Faces Months of Disruption
A US-Iran deal to reopen the Strait of Hormuz offers hope, but mines, high insurance, and geopolitical risks mean pre-war shipping normalcy...
Finance
BOJ Readies Rate Hike to 1995 High; Ueda Absent from Meeting
The Bank of Japan is expected to raise its benchmark rate to 1%—the highest since 1995—at a historic meeting without Governor Kazuo...
Finance
Guernsey Charity Founder Peter Neville Retires; James Ellis Takes Chair
Peter Neville, founder of Guernsey Community Savings, has retired after establishing the charity to support the financially excluded. Former banker James Ellis...
Finance
June Sales Showdown: Amazon, Walmart, Target Vie for Shoppers
Amazon, Walmart, and Target are launching overlapping sales events in June, intensifying competition as Prime Day shifts from its traditional July timeframe....
Stocks
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Stocks
Domo Board Prioritizes Strategic Transaction After Q1 Fiscal 2027 Review
Domo's board has decided to prioritize a strategic transaction following a thorough review of alternatives, as announced during the Q1 fiscal 2027...
Stocks
Microsoft Shareholders Sue Over Alleged AI Spending Cover-Up
Microsoft faces a shareholder lawsuit alleging fraud and stock price inflation due to a supposed cover-up of slower Azure growth and significant...
Stocks
ConocoPhillips Nears Syria Gas Deal to Restart Production
ConocoPhillips is reportedly close to signing a deal with Syria to revive gas production, marking a significant step for a U.S. major.
Stocks
Gold Fields Secures Top Analyst Ranking Among Global Mining Titans
Gold Fields Ltd. (GFI) ranks as the #12 broker analyst pick in the Metals Channel Global Mining Titans Index, reflecting strong institutional...
Economy
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Economy
£5 Coffee: A Microcosm of Global Economic Turmoil
The rising cost of coffee, now hitting £5 in some city centres, reveals a complex interplay of climate shocks, trade tariffs, and supply chain disruptions shaping the global economy.
World Business
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World Business
Europe Confronts China’s Export Deluge, G7 Seeks Response
Surging Chinese exports, redirected from US tariffs, threaten to devastate Europe's economy, prompting urgent G7 discussions on potential protectionist measures. French President...
World Business
Digital Currency Platform mBridge Halves Swift Fees in Global Payment Shakeup
China's mBridge, backed by five central banks, prepares for commercial launch, offering digital currency-focused cross-border payments at half Swift's cost.
World Business
Anthropic Halts Mythos Access Following US National Security Order
Anthropic has suspended access to its Fable 5 and Mythos 5 AI models for foreign nationals, responding to a U.S. government export...
World Business
US Seeks to Sidestep Congressional Vote on Trade Pact, Carney Says
Canadian Prime Minister Mark Carney stated that U.S. officials are keen to avoid a congressional vote on the North American free trade...
World Business
Trump to Meet Mideast Partners, Iran Deal Looms at G7 Summit
President Trump will hold bilateral meetings with Mideast partners at the G7 summit in France, with a potential Iran deal on the...
World Business
ECB Hikes Rates as Iran War Ignites Global Inflation Wave
The Iran war continues to push up global prices and dent growth, prompting the ECB's first rate hike in nearly three years...
Investing
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Investing
Utah ‘Troubled Teen’ Industry Faces Scrutiny as Hilton Backs Abuse Claims
Paris Hilton returned to Provo Canyon School in Utah, alleging past abuse and supporting two new lawsuits detailing severe mistreatment claims against...
Investing
Vietnam Stocks Draw $160.4M Inflow, Biggest Since 2020
Vietnamese shares saw their largest daily foreign inflow in nearly six years, with $160.4 million bought, as easing Middle East tensions rekindle...
Investing
Asian Stocks Cool as Rate Decisions Loom, Oil Holds Losses
Asian stocks wavered Tuesday as investors assessed a recent rally fueled by a US-Iran deal, while awaiting key interest rate decisions from...
Investing
Beyond Hard Work: The Unseen Hand of Luck in Finance
A veteran financier reflects on three decades in the industry, revealing a profound shift in understanding the significant, often underestimated, role of...