Author: Daniel snow
Crude oil futures rose more than 2% Tuesday, after President Donald Trump demanded Iran’s unconditional surrender and threatened its Supreme Leader Ayatollah Ali Khamenei.The U.S. crude oil contract for July delivery increased $1.99, or 2.74%, to $73.74 per barrel by 12:42 p.m. ET, while global benchmark Brent for August rose $2.11, or 2.88%, to $75.34.Trump said the U.S. knows Khamenei’s location, threatening him as “an easy target.” The president said the U.S. is not planning to kill the Iranian leader right now but “our patience is wearing thin.” Trump then called for Iran’s unconditional surrender on his social media platform…
Readers respond to the Trump administration’s pause on some deportation raids. Also: A former congressman writes about cannabis policy. Source link
Could President Donald Trump’s lifelines for TikTok spark lawsuits? “I continue to think a decent lawsuit could be filed to challenge the non-enforcement,” one analyst says. Source link
Vitranc | E+ | Getty ImagesOne provision in Republicans’ “big beautiful” bill would narrow the relief options for struggling student loan borrowers. House and Senate Republicans both call for the elimination of both the economic hardship and unemployment deferment.Those deferments allow federal student loan borrowers to pause their monthly bills during periods of joblessness or other financial setbacks, often without interest accruing on their debt.Less attention has been paid to the GOP plan to do away with the deferments than its proposals to eliminate several student loan repayment plans and to establish a minimum monthly payment for borrowers.The House advanced…
S&P components Enphase Energy and First Solar move lower by double-digit percentages. Source link
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation, in Washington, D.C., on Jan. 26, 2022.Joshua Roberts | ReutersDespite some improvement in the economic outlook, respondents to the June CNBC Fed Survey continue to forecast weaker growth and higher inflation than they did at the beginning of the year and most say uncertainty over tariff policy remains high.The probability of a recession in the next year has fallen to 38%, down from 53% in May, but above the 23% level of…
Senate Republicans have unveiled a sweeping plan to overhaul the Medicaid program, with changes policy analysts warn could lead to even greater coverage losses and pain for hospital systems than the aggressive proposal passed by the House of Representatives last month. Source link
Thomas Fuller | Lightrocket | Getty ImagesReddit shares popped about 5% after the social media company debuted new artificial intelligence-powered advertising tools.The two new features, announced Monday in a post during the Cannes Lions festival, will help brands better leverage discussions on the platform. The company said the tools are powered by an engine called Reddit Community Intelligence that turns “posts and comments into structured intelligence.”Reddit announced a “listening tool” called Reddit Insights, which shares real-time insights with marketers to help them identify trends and launch campaigns. The other tool, called Conversation Summary Add-ons, allows brands to show “positive” user…
Here’s what’s up with WhatsApp’s new advertising initiative. Source link
Barclays analysts raised their price target to $200, highlighting greater optimism about Blackwell and the company’s earnings potential. Source link