Military Activity In Hormuz Remains Subdued As U.S. Maintains Economic Pressure On Iran. Oil Drops Again.

Military Activity In Hormuz Remains Subdued As U.S. Maintains Economic Pressure On Iran. Oil Drops Again.

Oil prices continue to fall on Tuesday after the chairman of the Iranian Parliament’s Foreign Relations Committee said the U.S. asked a Pakistani delegation to encourage Iran to return to peace talks. Brent crude, the international benchmark, dropped almost 3% at 9:52 a.m. on Tuesday and stood below $87.90 a barrel, while West Texas Intermediate,…

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Trump’s Portfolio Managers Bought SpaceX Stock In June. So Far They Have Lost Money.

Trump’s Portfolio Managers Bought SpaceX Stock In June. So Far They Have Lost Money.

President Donald Trump’s portfolio managers bought SpaceX stock in June. So far the investment has lost money. Concretely, investors bought shares at $156.11 on June 23, according to recently released financial disclosures. They closed Monday’s session at $135, the same price at which the company launched its IPO, meaning shares have dropped over 13.5% since…

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Nvidia Earnings Will Put The AI Trade to Another Test. Wall Street Expects a $92 Billion Quarter.

Nvidia Earnings Will Put The AI Trade to Another Test. Wall Street Expects a  Billion Quarter.

Nvidia is preparing to deliver one of the most closely watched earnings reports on Wall Street, with investors looking for evidence that the artificial intelligence boom still has enough momentum to justify the enormous sums pouring into chips, data centers and computing infrastructure. The chip giant is expected to report fiscal second-quarter adjusted earnings of…

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The U.S. Escalated The Trade War With Canada And Unveiled More Sanctions Against Iran. Stocks Were Mixed.

The U.S. Escalated The Trade War With Canada And Unveiled More Sanctions Against Iran. Stocks Were Mixed.

Stocks were mixed on Monday as the U.S. escalated its trade war with Canada further and unveiled a sanctions package against Iran and countries doing business with it. The Dow Jones Industrial Average climbed 0.26%, but the S&P 500 dropped 0..28%. The tech-heavy Nasdaq Composite underperformed, declining 0.76%. Key technology stocks including Micron, Advanced Micro…

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Canada’s Trade Fight With Trump Is Getting Costlier. Nearly 90,000 Jobs Could Be At Risk In The Country.

Canada’s Trade Fight With Trump Is Getting Costlier. Nearly 90,000 Jobs Could Be At Risk In The Country.

New U.S. tariffs on Canadian goods could put nearly 90,000 jobs at risk across the latter, with losses extending beyond the manufacturers and exporters directly exposed to the 50% duties. University of Calgary economics professor Trevor Tombe estimates that more than 52,000 jobs are directly at risk if sales of affected Canadian goods to the…

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