A third US service member death in Iraq raises odds of prolonged conflict, keeping geopolitical risks priced into crude markets. The death of a US service member in Iraq during an Iranian drone detonation marks the third fatality in days, extending a cycle of retaliatory s
South Korea's regulator starts sanctions process against Dunamu The Financial Supervisory Service has sent an inspection opinion letter to Dunamu, operator of crypto exchange Upbit, regarding the $36 million hack from November 2025. The letter marks the formal start o
Mortgage rates increased by up to 8 basis points Mortgage rates are higher compared to last week, with the 30-year fixed rate rising by 4 basis points to 6.48%. The 15-year fixed increased by 8 basis points to 5.90%, and the 5/1 ARM rose by 3 basis points to 6.46%.
TSMC boosts US investment to $265 billion Taiwan Semiconductor Manufacturing Company has confirmed an additional $100 billion investment in its Arizona operations. This investment brings the total US commitment to $265 billion, the largest foreign direct investment in
Tehran suspends commitments under the Islamabad Memorandum, citing U.S. violations through recent airstrikes. Iran announced it is suspending all commitments under the Islamabad Memorandum of Understanding with the U.S., signed a month ago. The move follows accusations tha
Fed chair expects $700 billion AI investment to boost productivity The Federal Reserve chair believes the $700 billion AI buildout will increase productivity and lower prices. The AI spending spree by large tech firms has raised concerns among Fed policymakers abou
Legislation establishes rules for cash purchases without pennies The House of Representatives has passed the Common Cents Act, which aims to create nationwide rules for handling cash purchases as the US phases out the one-cent coin. The bill comes after the US Mint
US tariffs on Canadian goods may rise as Trump blames Canada for cross-border wildfire smoke affecting American air quality. President Donald Trump announced plans to impose additional tariffs on Canada, citing inadequate wildfire management as smoke drifts into the US. Th
Former U.S. President Donald Trump announces plans to impose additional tariffs on Canada, citing economic costs from cross-border wildfire smoke. Former U.S. President Donald Trump announced plans to add new tariffs on Canada, blaming the country for inadequate forest man
Goldman Sachs' retail stock basket falls 12% this month Goldman Sachs' basket of retail favorite stocks has declined 12% this month through yesterday. This would mark the worst monthly performance since April 2022. The decline follows a couple of strong mon
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