Markets
Hormuz Traffic Rebounds, Oil Prices Slide Amid Toll Dispute
Maritime traffic in the Strait of Hormuz has increased, causing oil prices to slide, but a potential toll dispute threatens US-Iran talks...
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Markets
Fed’s Bowman: Tailored AI Oversight Boosts Financial Inclusion
Federal Reserve Vice Chair Michelle W. Bowman stated that tailored AI supervision is crucial for financial inclusion, enabling banks to expand credit...
Stocks
Trump Nixes Hormuz Fee, Oil Futures Retreat From Highs
Crude oil futures eased off day's highs after President Trump scrapped a proposed 20% transit fee for ships in the Strait of...
World Business
India-UK Trade Deal: Wimbledon Towels to Scotch See Tariff Shifts
A new free trade agreement between India and the UK has taken effect, promising significant tariff reductions for key sectors like textiles...
Economy
Warsh Pledges Inflation Fight, Stays Silent on Rate Path as Fed Divides
Federal Reserve Chair Kevin Warsh pledged to make high inflation "a thing of the past" in his first testimony, yet provided no...
Markets
IBM Stock Plunges After Profit Warning, AI Spending Shifts Blamed
IBM's stock experienced its worst day in decades after the tech giant warned of a projected profit shortfall, attributing the miss to...
Investing
REIT Merger Creates $1.2 Billion Self-Storage Portfolio
Strategic Storage Trust VI, Inc. will acquire Strategic Storage Growth Trust III, Inc. in an all-stock merger, forming a combined entity with...
Stocks
LNG Canada Offers First Nations C$1B Project Investment
Shell-led LNG Canada offers five First Nations an equity option to invest up to C$1 billion in the second phase of Canada’s...
Investing
Buffett Ends Gates Foundation Donations After Epstein Testimony
Warren Buffett has ceased annual donations to the Bill & Melinda Gates Foundation, redirecting billions in stock weeks after Bill Gates' testimony...
Investing
Senators Unveil PROMISE Act to Tackle Social Security’s 2032 Shortfall
A bipartisan group of senators has introduced the PROMISE Act, a legislative proposal designed to confront Social Security's projected funding shortfall in...
Stocks
Corn Futures Decline as July Contract Expires, Brazil Boosts Output Forecast
Corn futures closed Tuesday with modest losses, as the July contract expired lower and cash prices fell. US crop progress showed mixed...
Stocks
Vale Breaks Above 200-Day Moving Average, Bullish Signal Emerges
Vale SA shares crossed above their 200-day moving average of $14.55 on Tuesday, reaching $14.72 and trading up 2.8%, signaling a bullish...