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Oil prices soar in the U.S.-Iran war, leading to volatility in emerging markets, and showing how concentrated EM funds are in Asian economies.
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U.S. oil prices rallied Friday and were on track to set a record weekly gain of 35%, as the Middle East begins to feel a squeeze in production and storage capacity as the Iran conflict runs through a seventh day.
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Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street's worst week since October.
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Cancellation of Army exercise fuels speculation about Mideast troop deployments The Washington PostWarning sign that US troops could be headed for Mideast deployment: report The IndependentLatest Army Scheduling Move Sparks Fears of Escalation in Iran The New RepublicIran-US war latest: US ‘ready' for boots on ground The Telegraph?????????? U.S. Army canceled a major training exercise for the 82nd Airborne Division's HQ out of nowhere. A rapid-response force (deployable in 18 hours) could be gearing up for a possible Midd
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Greg Abel took over as CEO of Berkshire Hathaway earlier this year, replacing Warren Buffett, who held the post for over 60 years.
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Debt markets head for worst week in more than a year after energy price surge sparks inflation fears
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With the unexpected setback, the unemployment rate ticked up to 4.4 percent, according to new data from the Bureau of Labor Statistics.
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Anthropic just mapped out which jobs AI could potentially replace. A 'Great Recession for white-collar workers' is absolutely possible FortuneLabor market impacts of AI: A new measure and early evidence AnthropicAnthropic launches AI job destruction detector AxiosThe invisible layoff: AI is quietly locking Americans out of the job market, CEO warns Fox Business
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The failure of one CEO's video, paired with a rival's sparkling success, provides attention-seeking bosses a tough reminder.
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Marks said any risk stems from the pace of expansion in direct lending, which has ballooned to a market now exceeding $1 trillion since inception around 2011.
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