Author: Daniel snow

[ad_1] Asia FX firms, dollar dips after Trump announces Israel-Iran ceasefire [ad_2] Source link

[ad_1] RBN Energy executive Rusty Braziel told CNBC’s Jim Cramer on Monday that he doubts Iran will close off the Strait of Hormuz, a vital oil shipping passage.”If they end up cutting it off, they’re going to end up cutting off themselves,” Braziel said. “So, it’s pretty unlikely that that happens unless things get a lot more dire than they are, than they seem to be right now.”Following the U.S.’s attack on Iran’s key nuclear sites, there are concerns that the country might be threatening to shut down the strait. A report from Iran’s state-owned Press TV said its parliament…

[ad_1] The threat of war may propel both sides to work more earnestly to get back to the negotiating table. [ad_2] Source link

[ad_1] Illustration of the national flag of the People’s Republic of China and a mining site. Craig Hastings | Moment | Getty ImagesBeijing has been stepping up controls on rare earth exports, triggering global shortages and exposing industries’ dependence on Chinese supply chains. However, over recent years, China itself has become reliant on rare earth supplies from an unexpected source: the relatively small and war-torn economy of Myanmar. While China is the world’s top producer of rare earths, it still imports raw materials containing the coveted metals from abroad.Myanmar accounted for about 57% of China’s total rare earth imports last year, Gracelin…

[ad_1] Treasury yields are easing — but it isn’t so much a flight-to-safety trade following U.S. strikes against Iran. [ad_2] Source link

[ad_1] A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, on June 22, 2025Joel Angel Juarez | ReutersTesla was contacted by the National Highway Traffic Safety Administration on Monday after videos posted on social media showed the company’s robotaxis driving in a chaotic manner on public roads in Austin, Texas.Elon Musk’s electric vehicle maker debuted autonomous trips in Austin on Sunday, opening the service to a limited number of riders by invitation only.In videos shared widely on social media, one Tesla robotaxi was spotted traveling the wrong way down a road, and another was shown braking hard in…

[ad_1] UBS says “cyclical and secular concerns” are in focus for both FedEx and rival UPS. [ad_2] Source link

[ad_1] Many highly paid athletes, including LeBron James, admit to having some pretty frugal behaviors. [ad_2] Source link

[ad_1] The cruise line’s parent company will announce second-quarter earnings Tuesday morning, just days after Carnival announced controversial changes to its loyalty program. [ad_2] Source link

[ad_1] Federal Reserve Chairman Jerome Powell speaks at a news conference on June 18, 2025, in Washington DC, United States. Yasin Ozturk | Anadolu | Getty ImagesFederal Reserve Chair Jerome Powell heads to Capitol Hill this week, facing increasing pressure both from outside and inside the central bank to start the push for lower interest rates.Powell’s semiannual testimony to Congress kicks off Tuesday morning, as the central bank leader presents the Fed’s monetary policy report to the House Financial Services Committee. He then heads to the Senate Banking Committee on Wednesday.Generally, the congressionally mandated sessions allow the Fed chair to…