Author: Daniel snow
Traffic flows on a highway in the Iranian capital Tehran on June 13, 2025 following reported Israeli strikes targeting Iran early in the morning. AFP | Getty ImagesDUBAI, United Arab Emirates — Iran launched more than 100 drones toward Israeli territory Friday morning after Israel’s overnight missile strike on the country killed at least three of its senior military leaders.”We can now confirm that the Chief of staff of the Iranian Armed Forces, Commander of the IRGC and the Commander of Iran’s Emergency Command were all eliminated in the Israeli strikes across Iran,” Israel Defense Forces spokesperson Effie Defrin said.”Iran…
Sterling drops as Israel's strikes on Iran boost safe-haven dollar Source link
An all-out war between Israel and Iran would pose a serious threat to eastern Mediterranean natural-gas fields — and risk spilling into Europe’s liquefied natural gas supply. Source link
Diplomacy is toast; missiles are airborne — and gold, defense stocks and market volatility should be your portfolio priorities. Source link
Ambrus Group’s Volatility Fund, a hedge fund executing a tail-risk strategy, exploited the carnage to deliver a 25.21% investment return during the month, according to data from Societe Generale. Source link
Investors fled to safe-haven assets Friday after a series of Israeli airstrikes on Iran marked a major escalation of conflict in the region.The scale of the attack, which Israel said was targeting Iran’s nuclear program, took markets by surprise, pushing up prices of assets thought to offer protection in times of heightened volatility.”The news has led to significant fears about an escalation and a wider regional conflict,” Deutsche Bank strategists said in a note early Friday. “The effects of the attack have cascaded across global markets, with a strong risk-off move for several asset classes.”Gold hit an almost two-month high…
Asia FX slides as Israel attacks Iran, dollar jumps on safe-haven demand Source link
Indian Rare Earths extracts rare earth elements from beach sands in Kerala, India.Pallava Bagla | Corbis News | Getty ImagesIndia, like many countries, is facing China’s restrictions on rare earth exports — and it wants to develop its own domestic supplies. Experts say it could become an important alternative to China for partners such as the U.S., but will require much more public and private investment in the sector.In recent weeks, the world has been grappling with a rare earths shortage in light of those curbs from China. Auto manufacturers across India, the U.S., Japan, South Korea, and Germany have…
Israel’s decision to strike Iran carries with it a lot of risks for the region and for the United States. Source link
Alexandr Wang, CEO of ScaleAI speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.Gerry Miller | CNBCScale AI founder Alexandr Wang told employees in a memo on Thursday that he’s leaving for Meta, confirming reports from earlier in the week about his departure and a large investment from the social networking company. Meta is pumping $14.3 billion into Scale AI as part of the deal, and will have a 49% stake in the artificial intelligence startup, but will not have any voting power, a Scale AI spokesperson said.”As you’ve probably gathered from recent…