Equities fell sharply amid rising geopolitical risks, higher crude prices, and weaker-than-expected US jobless claims data. US stocks closed sharply lower as Middle East tensions escalated and oil prices surged. Crude futures settled at $92.19, up $5.36 or 6.17%, amid fear
New tariffs targeting 99 percent of US trade take effect Friday, replacing expiring levies with a legally reinforced framework. The Trump administration will implement new tariffs of 10 to 12.5 percent on imports from 60 countries, covering nearly all US trade. The duties
Bitcoin falls to three-day lows near $64,800 amid rising geopolitical risks and surging US bond yields and oil prices. Bitcoin (BTC) slipped below $65,000 on Thursday, hitting three-day lows of $64,799 as escalating US-Iran tensions drove risk assets lower. The decline coi
Clarity Act expected to miss its window before Congress' summer break, leadership says The deadline to get the crypto market structure bill done before senators scatter will likely be missed, says Majority Leader Thune, though it may get a start before then. - U.S. Senate
Rising war-risk premiums and delays in Middle East oil projects drive insurers to underwrite upstream ventures elsewhere. Global insurers are redirecting coverage for oil and gas upstream projects away from the Middle East after five months of conflict-driven uncertainty.
Attacks on Russian energy infrastructure and operational failures are curbing Kazakhstan’s crude exports despite European demand for alternatives. Kazakhstan’s oil exports are under pressure as drone strikes linked to the Ukraine war disrupt regional energy infrastructure.
Blackstone addresses community resistance to data centers as AI expansion drives demand for power and compute capacity. Blackstone CEO Stephen Schwarzman acknowledged growing opposition to data center construction in the U.S., citing societal and environmental concerns. Th
Blackstone addresses data center pushback with workforce and environmental measures as U.S. communities resist AI expansion. Blackstone CEO Stephen Schwarzman outlined efforts to mitigate societal and environmental concerns tied to artificial intelligence infrastructure, i
Lockheed Martin and RTX raise 2026 forecasts Lockheed Martin and RTX expect strong profits due to depleted Pentagon stockpiles. The U.S. has used over 50,000 rockets and missiles since the Russia-Ukraine conflict began. Lockheed's missiles and fire control
Gold prices drop over 20% since January’s $5,500 high due to geopolitical risks and a resilient U.S. dollar, though experts signal potential rebound. Gold prices have fallen more than 20% since January, dropping from a record $5,500 to $4,160 per ounce as of late July. The
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