June data shows tariff refunds exceeded collections, marking the first negative net revenue in recorded history. US net tariff revenue fell below zero in June, the first negative reading on record. Refund claims surpassed new collections during the month, according to gove
Second-quarter net income rose to $561 million, boosted by $129 million in tariff refunds and strong diagnostic device sales. GE HealthCare reported second-quarter net income of $561 million, up from $486 million a year earlier. The increase was driven by strong demand for
German defense firm Rheinmetall posts €562 million operating profit, exceeding forecasts amid strong military equipment sales. Rheinmetall reported a second-quarter operating profit of €562 million, surpassing market expectations of €470 million. The gain was driven by a n
Full report here The Iran-backed Houthis are reportedly considering charging commercial ships transit fees to pass through the Bab el-Mandeb Strait, a key maritime chokepoint linking the Red Sea and the Gulf of Aden. The move comes one week after the group declared a naval
A federal employee accused of using nonpublic information to profit from prediction market trades linked to Trump speeches is no longer with the government. A White House teleprompter operator accused of profiting from $100,000 in Kalshi prediction market bets tied to Pres
The FSB alleges Telegram failed to remove content used for sabotage and cyber fraud, escalating tensions with the platform’s founder. Russia’s Federal Security Service (FSB) has accused Telegram founder Pavel Durov of aiding terrorism and issued an international arrest war
WTI crude rebounds over 5% to $83 as geopolitical risks escalate following a US interception of an Iranian attack attempt. Oil prices surged after West Texas Intermediate (WTI) rebounded more than 5% to exceed $83, driven by heightened Middle East tensions. The US military
Iran asserts sole control over the Strait of Hormuz, dismissing Oman’s proposal for regional collaboration on the key oil transit route. Iran has formally rejected Oman’s proposal for joint regional management of the Strait of Hormuz, a critical chokepoint for nearly 20% o
June data shows a 0.7% monthly drop in German import prices, driven by a 6.6% fall in energy costs amid geopolitical shifts. German import prices fell 0.7% month-over-month in June, matching expectations but reversing a 0.7% gain in May. The decline was primarily driven by
Tehran dismisses proposal for regional management of the critical oil chokepoint, insisting on sole control over key shipping lanes. Iran has dismissed Oman’s proposal for joint regional management of the Strait of Hormuz, a key oil transit route. A senior Iranian official
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