Treasury Secretary Scott Bessent announces measures to cut Iran’s economic ties, raising concerns over global energy supply disruptions. Oil prices and energy stocks fell Monday after Treasury Secretary Scott Bessent outlined plans for an 'Economic D-Day' targeting Iran’s
Elon Musk’s Social Security reset is coming even after DOGE’s death — protect your check whether you like him or not Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Elon Musk may have left Washington, and the Department of
Canada’s Q2 GDP is projected to rise 3.4% SAAR, exceeding the Bank of Canada’s 2.5% estimate, though new US tariffs pose risks. Canada’s economy is poised for a strong rebound in Q2, with Real GDP expected to grow 3.4% seasonally adjusted annualized rate (SAAR), up from -0
A small UK energy generator was offline for four days after a cyberattack linked to Iranian hackers, marking their first successful infiltration of Britain’s energy sector. Hackers with ties to Iran successfully infiltrated a UK energy facility last month, forcing a four-d
The new tariffs would lift US duties on Chinese goods to around 20%, aligning with levels Beijing previously accepted. The US is set to raise tariffs on Chinese goods by 7.5% ahead of trade talks next month, according to sources. The move would restore total duties to appr
Tehran escalates tensions by targeting vessels in the Strait of Hormuz ahead of U.S. economic measures against Iran. Iran has blacklisted 45 tankers for transiting the Strait of Hormuz, warning of fines, detention, and cargo confiscation. The move intensifies a standoff ov
Automakers slide after announcement of 50% tariffs on Canadian vehicles and parts starting January 1, 2027. Ford and Stellantis shares fell 4% to $13.87 and $5.19, respectively, after President Trump announced 50% tariffs on Canadian vehicles and parts effective January 1,
U.S. plans to impose 50% tariffs on Canadian vehicles and steel starting January 2027 amid escalating trade tensions. President Donald Trump announced plans to impose a 50% tariff on Canadian automobiles, trucks, and steel effective January 1, 2027. The move escalates trad
Russia ramps up refinery operations to counter fuel shortages caused by sustained Ukrainian drone attacks on energy infrastructure. Russia is accelerating efforts to restore fuel supplies as refineries resume operations following months of Ukrainian drone strikes. The atta
United States (US) President Donald Trump has announced a sharp escalation in the trade fight with Canada, declaring that beginning January 1, 2027, the United States will raise tariffs to 50% on all cars, trucks, automotive parts, and steel imported from its northern neighbor.</
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