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Prices have jumped and exports been hit as war puts pressure on one of the world's largest producers
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Energy crisis sparked by war in Iran has raised prospect of restarting mothballed coal power plants
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Senate rejects resolution to force Trump to end Iran strikes The Washington PostHow each senator voted on an effort to rein in Trump's Iran war powers CNNIran updates: Senate Republicans block vote to limit Trump's war powers as conflict spreads across Middle East YahooLive updates: Iran targets Israel and American bases as Israel strikes Lebanon AP NewsHouse to vote on Iran war po
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Korean Stocks to Bounce, US Inflation Fears Ease: Markets Wrap Bloomberg.comSouth Korea stocks crashed 18% in two days. Could it happen here? CNBCAsian Equities Rebound as Risk Appetite Improves WSJIsrael Iran News Everyone Is Watching Strait Of Hormuz. The Real Warning Is Coming from Korea NDTV
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US Senate to vote on Trump's war powers as Iran conflict continues BBCLive updates: Senate rejects war powers bill to halt attacks against Iran AP NewsMajority of US Senate votes to block bid to rein in Trump Iran war powers, voting continues ReutersSenate voting on reining in Trump's war powers amid Iran campaign CBS NewsThe Iran war might be the end of
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Israel's president says it's "about time that everybody tells Iran, 'Guys, we're fed up,'" as he lays out goals for war CBS NewsView Full Coverage on Google News
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Travelers Stranded by U.S.-Israel Conflict With Iran Face Endless Flight Cancellations The New York TimesA 900% Fare Hike Shows Asian Carriers Can Weather Iran War Chaos Bloomberg.comThe hole in the sky: How Middle East airspace closures are reshaping global aviation CNNMaps and charts of the Iran crisis ReutersTrump's War Is Taking a Toll on Aviation Foreign Policy
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Blues agree to trade Colton Parayko to Sabres, pending Parayko's approval: Sources The New York TimesColton Parayko heading to Sabres in deal with Blues, pending approval ESPNSabres get slow news on Colton Parayko trade from Blues Yahoo SportsReport: Blues defenseman Colton Parayko traded to Sabres KSDKSabres finalizing Parayko deal with Blues TSN
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Texas judge declines to close Camp Mystic but bars construction on campus hit by flooding NBC NewsCamp Mystic victim's family asks a Texas judge to prevent the facility from reopening YahooCamp Mystic can't alter flood-damaged area while civil suit proceeds, judge rules The Texas TribuneEastlands appear in court for first time at Camp Mystic hearing San Antonio Express-News
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Iran launches missiles at Israel and US bases as Israeli military begins new strikes in Lebanon AP NewsHere are all the countries now involved in the Iran conflict AxiosVideos Show Homes and Businesses Across Mideast Caught Up by War The New York TimesIran-Israel war LIVE: Iran launches missiles at Israel as war enters sixth day The Hindu
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ICE taking steps to close detention center at Fort Bliss, document shows The Washington PostICE confirms a measles outbreak in the nation's largest detention facility in Texas NBC NewsReport: ICE plans to close Camp East Montana, nation's largest detention facility KFOXDHS: ‘No decisions have been made' on Camp East Montana closure
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U.S. Submarine Launches Its First Torpedo in Combat Since World War II The New York TimesU.S. Sub Torpedoes Iranian Warship WSJUS Sinking of Iran Ship Piles Pressure on India's Modi, BE Says Bloomberg.comOil slick, life rafts, dozens of bodies: What Sri Lankan navy found after US sank Iranian warship Fox News
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Middle East crisis live: US submarine sank Iranian warship, Hegseth says; Israel launches fresh strikes on Tehran The GuardianView Full Coverage on Google News
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Mass Expulsion in Lebanon as Israel Expands War: "We Don't Know Where to Go" Drop Site NewsIsraeli attacks, threats fuel mass displacement crisis in southern Lebanon Al JazeeraChildren are bearing the brunt of the escalating violence in Lebanon UnicefFeeding families impacted by conflict in the Middle East World Central Kitchen
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Who is Mojtaba Khamenei? A son of Iran's late supreme leader is a rising contender to replace him PBSSon of Khamenei Is Top Contender for Supreme Leader WSJKhamenei's son is frontrunner to be Iran's supreme leader Financial TimesAyatollah Ali Khamenei's Son Emerges as Leading Choice to Be His Successor The New York Times
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Beijing's planned military budget comes amid escalating conflict in the Middle East and persistent tensions over Taiwan.
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Robinhood targets wealthy customers with new Platinum credit card ReutersRobinhood launches the Robinhood Platinum Card with premium benefits and a $695 fee Yahoo FinanceRobinhood to let users share or hide prediction trades on family accounts AxiosRobinhood Adds $695 ‘Actual' Platinum Card to Compete With Amex Bloomberg.com
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Justice Dept., Under Pressure From Trump, Fails to Build Autopen Case Against Biden The New York TimesProbe into autopen use by Biden and aides closed by D.C. U.S. Attorney's Office, source says CBS NewsDonald Trump Goons Launched Crackpot Bid to Lock Up Joe Biden The Daily BeastTrump's DOJ fails to find 'sufficient evidence' to prosecute his biggest rival rawstory.com
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Bets Against Blue Owl Hit All-Time High on Private Credit Fears Bloomberg.comBig Lenders' Risky Loans Are Rattling Wall Street The New York TimesBlue Owl slides below listing price as private credit worries mount Financial TimesAssessing Blue Owl Capital (OWL) After A 45% One Year Share Price Slide simplywall.st
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Top Fed Official, Wary of Inflation, Calls for Extended Rate Pause The New York TimesWith his war in Iran, Trump just made the next Fed chair's job even harder CNNFed's Miran Says He Still Wants Rate Cuts Despite Iran War Bloomberg.comHow Inflation And Interest Rates May React To Trump's War With Iran ForbesFed's Williams Says Cooling Inflation Could Allow for Future Rate Cut
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The professional and business services sector, which includes accounting and tax preparation along with other services, lost 30,000 jobs, ADP reported.
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Rate of Iranian ballistic missile launches is declining, western officials say Financial TimesIran's Underground ‘Missile Cities' Have Become One of Its Biggest Vulnerabilities WSJMapping Damage to Iran's Ballistic Missile Sites With Satellite Images The New York TimesIran is ‘running out of missiles' YahooIDF close to destroying 400 launchers after Isfahan strike The Jerusalem Post
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The program is shorter, startups are pushed to build faster, and just about everyone has an AI company. What could go wrong?
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Six business models piloted in Asia offer lessons for global leaders in any market—and just might be the key to the next wave of sustainable growth.
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Earlier, President Trump suggested on social media that he could try to persuade the Supreme Court to reconsider its rejection of his tariffs.
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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