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As Trump doubles down on Iran war, markets shudder and oil prices climb The Washington PostWorld anxious to open Hormuz Strait while Trump and Iran trade threats ReutersTrump criticizes European allies for not helping fix the damage his war against Iran has caused AP NewsTrump sends mixed messages on securing the Strait of Hormuz CBS News
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Live updates: Oil surges and stocks fall as Trump Iran war speech fails to calm nerves cnn.comIran War Live Updates: Trump Speech Rattles Markets, Macron Criticizes Shifting U.S. Goals The New York TimesUS Futures Drop as Trump Speech Dashes Hope for War's Early End Bloomberg.comMarkets are volatile after Trump's lack of clear exit plan cnn.comMorning Bid: Prime-time disappointment Reuters
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Blue Owl attributed the higher-than-usual requests to "heightened market concerns around AI-related disruption to software companies."
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President Trump claimed in a White House address that the war on Iran was "nearing completion" but made no new announcements about the conflict.
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Dow closes lower as Trump comments dampen traders' hopes for Iran war ending: Live updates CNBCOil and Stocks Wobble After Trump Vows More Iran Strikes The New York TimesEnergy markets start tuning Trump out after repeated Iran war whiplash CNNU.S. crude on Thursday did something it's never done before as Iran war continues CNBC
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The JPMorgan CEO says a dangerous mix of AI disruption, geopolitical conflict, and economic strain is reshaping U.S. security and the workforce.
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Live Updates: Trump says Iran war will still take weeks, oil prices rise with no plan to open Strait of Hormuz CBS NewsOpinion | Trump's hall-of-mirrors speech The Washington PostMaybe Trump Should Not Have Given This Speech The Atlantic'What the hell did he just say?' GOP Iran worries build after Trump speech Politico
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The average rate on a 30-year mortgage in the United States jumped to 6.46 percent, making it harder for buyers to afford homes.
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Also in today's newsletter: SpaceX kicks off largest IPO process in history, and Saudi Arabia bridles at Trump's handling of Iran war
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The billionaire spearheaded the initiative for over two decades, but stopped the practice in 2022.
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Nike warned that its turnaround is taking longer than it expected, leading three Wall Street banks to downgrade the stock as investors lose patience.
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Yields on China's debt are down marginally since the start of the conflict while those of other major economies have risen
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Ample oil reserves and renewables growth make manufacturing sector more resilient than rivals
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The Berkshire Hathaway chairman said the growing number of nuclear-armed states has fundamentally altered the global risk landscape.
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Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
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U.S. gasoline prices are up nearly 80 cents from a month ago, while diesel prices have shot up even more. Diesel is now just under $5 a gallon, according to AAA, up $1.34 from last month.
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