The Strait of Hormuz, a narrow chokepoint that normally handles roughly a fifth of the world’s oil transit, has effectively become a cork in a bottle. The Iran conflict has shut down 9 million barrels […]
The AI industry’s insatiable appetite for memory chips is now hitting gamers where it hurts: their wallets. Sony and Nintendo have both raised console prices as the global memory shortage, driven by massive AI data […]
Susan Collins, president of the Boston Federal Reserve, used a May 7 appearance on Bloomberg’s “Big Take” podcast to deliver a message crypto investors probably didn’t want to hear: interest rates aren’t going anywhere. Collins […]
A three-day ceasefire between Russia and Ukraine, brokered with US backing, has opened the door to something markets haven’t priced in for years: the possibility that this war might actually wind down. President Trump said […]
The US economy added 115,000 nonfarm payroll jobs in April, more than doubling the consensus forecast of 55,000. But the number also represents a meaningful deceleration from March’s 178,000 additions. Unemployment held steady at 4.3%, […]
The Trump administration is taking its tariff fight to the Supreme Court after a federal appeals court ruled that the President lacks authority to impose sweeping import duties under emergency powers law. The US Court […]
The United Arab Emirates is leaving OPEC. After nearly 59 years as a member of the oil cartel, the UAE announced its exit from both OPEC and OPEC+, effective May 1, 2026. The decision unshackles […]
Russia and Ukraine have agreed to a three-day ceasefire running from May 9 through May 11, 2026. The pause in fighting coincides with Russia’s Victory Day commemorations and includes a prisoner exchange involving 1,000 individuals […]
The US labor market just delivered its second consecutive month of solid job gains, with nonfarm payrolls growing by 115,000 positions in April 2026. That nearly doubled what economists had penciled in. The unemployment rate […]
The US economy added 115,000 nonfarm payrolls in April, nearly doubling the consensus forecast of roughly 65,000 jobs. The unemployment rate held steady at 4.3%, exactly where economists expected it. Healthcare led the way with […]
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