Oil Plunges, Stocks Jump as Iran Declares Hormuz Open
Oil prices plunged more than 10% Friday after Iran said the Strait of Hormuz would be "completely open" for the rest of the ceasefire with the United States, and stock markets surged.
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Bessent, Powell Warn Bank CEOs of AI Cyber Risk
U.S. financial leaders are sounding the alarm over a new generation of artificial intelligence that could dramatically escalate cyber threats to the banking system.
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Trump: Tax Deductions Deliver 'Biggest Refunds' for Tipped Workers
President Donald Trump said Las Vegas was the "birthplace" of his "no tax on tips" policy as he highlighted new tax deductions for service workers during a roundtable Thursday in the city.
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Top Carlyle Expert: This Looks Like COVID Market Crash Coming
We have yet to feel the full force of the unfolding crisis in the Middle East, says Ambrose Evans-Pritchard, International Business Editor, The Telegraph.
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Energy Chief: Europe Has 'Maybe 6 Weeks of Jet Fuel Left'
Europe has "maybe 6 weeks or so (of) jet fuel left," the head of the International Energy Agency said Thursday in a wide-ranging Associated Press interview, warning of possible flight cancellations "soon" if oil supplies remain blocked by the Iran war.
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Fed's Musalem: Oil Shock to Keep Core Inflation Near 3%, Rates on Hold
High oil prices are likely to keep underlying inflation nearly a percentage point above the Federal Reserve's 2% target for the rest of this year, with the U.S. central bank likely needing to leave interest rates unchanged, St. Louis Fed President Alberto Musalem said.
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