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The six-week-old war between the United States, Israel, and Iran has produced the worst oil supply crisis in modern history, drawing warnings from economists and international institutions that the world faces a growing risk of stagflation and recession if the Strait of Hormuz remains closed. The International Energy Agency described the......
Authorities in the United States continue to investigate the disappearance of Nancy Guthrie, an 84-year-old woman from Tucson and the mother of television journalist Savannah Guthrie. Officials believe the case may involve an abduction and have outlined key developments in the investigation. January 31 Nancy Guthrie was last seen by family......
Bitcoin climbed approximately 3 percent to trade near $69,200 on Monday, lifted by reports of a last-minute diplomatic initiative between the United States and Iran and a wave of forced liquidations that punished bearish traders across crypto markets. The rally, which pushed the leading cryptocurrency to its highest level in more than a week,......
The war in Iran has triggered a cascading energy crisis from Southeast Asia to Europe, with governments imposing fuel rationing, grounding aircraft, and shutting institutions as the closure of the Strait of Hormuz chokes off roughly one fifth of the world's oil and gas supply. Goldman Sachs has described the situation as the "worst......
Mazda Motor announced Monday it has suspended domestic production of vehicles destined for the Middle East until May, becoming the latest Japanese automaker to scale back operations as the Strait of Hormuz remains effectively closed to commercial shipping, according to the Nikkei. The company had already halted exports to the region in March......
Neurocrine Biosciences announced on Monday that it will acquire Soleno Therapeutics for $2.9 billion in cash, marking a strategic expansion into treatments for metabolic disorders. The deal includes a $53 per share offer, representing a roughly 34% premium over Soleno’s previous closing price. The acquisition provides Neurocrine access......
Five weeks into Iran's sustained drone and missile campaign against Gulf states, the arithmetic of air defense is turning against the defenders. Gulf countries have exhausted the vast majority of their pre-war interceptor stocks repelling thousands of incoming projectiles, and resupply is falling well short of the pace required, according......
Paramount Skydance is close to securing $24 billion in equity commitments from three Gulf sovereign wealth funds to help finance its $81 billion acquisition of Warner Bros. Discovery, the Wall Street Journal reported Sunday, in a deal that would end weeks of uncertainty over whether Middle Eastern capital would remain part of the transaction. Saudi......
Futures for Canada’s main stock index edged higher on Monday as investors returned from the Easter holiday amid reports of a peace proposal between the United States and Iran, raising hopes for an easing of Middle East tensions. June futures on the S&P/TSX Composite Index increased by 3.20 points, or 0.17%, in early trading. The......
OpenAI CEO Sam Altman has delivered direct advice to corporate leaders on AI adoption, urging them to secure computing resources immediately, rethink how they measure AI usage, and begin using the technology themselves, warning that those who wait risk being left behind. In an interview with Axios's Mike Allen published in the outlet's......
Global equity funds attracted a net $15.02 billion in the week from March 26 to April 1, marking the second consecutive week of inflows as investors hope the U.S.-Israeli conflict with Iran could ease soon. The previous week saw inflows of about $40.14 billion, according to LSEG Lipper data. In the United States, investors purchased $7.05......
Taiwan has received supply guarantees from an unidentified major energy-producing country and secured alternative liquefied natural gas deliveries, while the United Arab Emirates has moved to reassure its population on food and commodity stability, as the Strait of Hormuz blockade enters its second month with no resolution in sight. Taiwan's......
As the Orion spacecraft sped toward the Moon on Saturday, Artemis II pilot Victor Glover delivered an unscripted Easter message that quickly resonated with millions on Earth. Speaking to CBS News on April 4, Glover shared his reflections on the view from deep space and urged humanity to recognize its common bond, addressing people of all faiths......
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