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Crude oil prices would need to jump to roughly $138 a barrel amid the war on Iran and stay there for at least a few weeks to put the US at a serious risk of a recession, according to a new survey of economists released Thursday. Iran’s blockade of the Strait of Hormuz, a vital […]
The UK government is preparing a sweeping overhaul of gambling taxes in its Autumn Budget 2025, which could shake up one of the country’s most profitable yet controversial industries. Chancellor Rachael Reeves has been steadily increasing pressure on gambling operators, with reports from the Office for Budget Responsibility suggesting the new measures could raise around […]
The Federal Reserve’s preferred inflation gauge remained stubbornly high in August – but not enough to dash hopes for an interest rate cut at next month’s meeting. Personal consumption expenditures inflation rose 2.7% in August over the past 12 months, heating up from 2.6% in July as expected, the Bureau of Economic Analysis said Friday. […]
News Corp – parent company of The Post – reported Tuesday that quarterly profits soared 28% and revenue ticked up 1%, beating Wall Street’s expectations. Net income from continuing operations for the fourth quarter was $86 million, compared to $67 million in the prior year period, the company said. Revenues rose to $2.11 billion, compared […]
Crypto prices, including bitcoin, rose on Tuesday after President Trump announced a ceasefire between Iran and Israel. By midday Tuesday, bitcoin had passed the $105,000 level, ether jumped back above the $2,400 mark, and XRP climbed to $2.19. The risk-on action in the markets, which also saw stocks rally on the Mideast de-escalation, wasn’t the […]
Illustration of the SK Hynix company logo seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Shares in South Korean chipmaker SK Hynix extended gains to hit a more than 2-decade high on Tuesday, following reports over the weekend that SK Group plans to build the country’s largest AI data center. […]
