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Whirlpool’s shares plunged more than 20% after the company said consumer confidence has fallen to “recession level lows” because of the Iran war, tanking demand for its big appliances.
Tourism, which accounts for around 14 percent of Jordan’s economy, is facing a sharp downturn as the war disrupts travel across the region.
For an $18 billion market-cap company, data-center owner Iren trades like one of the AI giants.The company had two of the top 20 biggest options trades in the market on Thursday and a total $173 million of premium traded hands, with 73% of that in calls.By comparison, less than a million dollars of options traded in…
Marco Rubio revealed sanctions on Thursday, escalating Trump administration’s pressure campaign against Havana’s military-controlled economy
Marco Rubio revealed sanctions on Thursday, escalating Trump administration’s pressure campaign against Havana’s military-controlled economy
Share buyback programs are becoming bigger as corporate Japan embraces capital efficiency. (Photo by Yuki Kohara)
Yesterday, Deutsche Bank's head of thematic research published his latest chartbook, "The Great 2026 Reset," which delves into the market and political implications of the Iran conflict (available here to pro subs).
The US-based financial analysis firm Moody's predicts that hotel occupancy in Dubai is set to plummet to 10 percent from a pre-war figure of 80 percent in the second quarter of the year, which ends on 1 July, The Wall Street Journal reported on Wednesday.
Whoever leads Britain through the next three years may have to navigate a recession, even a war. The way we choose that person needs an urgent overhaul
US Energy Secretary Chris Wright on Thursday acknowledged that artificial intelligence will be a disruptive force, including in the jobs market, but said the revolutionary tech will ultimately bring “massively larger” positives.
Ahead of tomorrow's jobs report which is expected to show a substantial slowdown from last month's 178K surge, moments ago we got another reminder that the stagflationary iceberg remains front and center ahead of the US, after the NY Fed's latest monthly survey of consumer expectations reported that Inflation expect…
The US-based financial analysis firm Moody's predicts that hotel occupancy in Dubai is set to plummet to 10 percent from a pre-war figure of 80 percent in the second quarter of the year, which ends on 1 July, The Wall Street Journal reported on Wednesday.
A for sale sign is posted outside a home, Feb. 10, 2026, in Nashville, Tenn. (AP Photo/George Walker IV, file)
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Three Palestinians have suffered suffocation after settlers attacked them in Masafer Yatta, according to the Wafa.
Russia’s economy contracted at the beginning of the year as weak business activity and declining oil and gas revenues strained public finances.
MUFG will pilot-test Google's AI functions on its financial services platform in fiscal 2026. (Source photos by Nikkei)
With hopes of a permanent truce being continually undermined by minor skirmishes and blockade infringements, it remains unclear whether this war is close to ending. And while oil prices gyrate from one Trump Truth post to the next, two weeks of Brent above $100/barrel (only just inching below as of this morning) sug…
Oil prices fell and global stock markets traded mixed Thursday awaiting an update on a US plan to end the Middle East war and reopen the Strait of Hormuz.
France has emerged as a clear fan favorite for this year's FIFA World Cup in North America, according to a Bank of America survey — but Microsoft's Copilot artificial intelligence tool is backing another champion.
Yona Simcha Schreiber from settlement in West Bank faces charge of assault motivated by hostility towards religious group
City aims to broaden gold offerings and expand clearing and storage facilities to seize opportunities in the surging market
City aims to broaden gold offerings and expand clearing and storage facilities to seize opportunities in the surging market
Hundreds of merchant ships remain bottled up in the Persian Gulf as the United States and Iran appear to be moving closer to an initial agreement to end the war. The Strait of Hormuz is the narrow mouth of the Persian Gulf through which a fifth of all traded oil and natural gas passes, as Iran has restricted movemen…
Can a nation remain on a permanent war footing and survive, even thrive?
Across Africa, economies remain closely tied to the oil market. OPEC and its allies recently announced a production increase of 188,000 barrels per day, though the move remains largely symbolic, as actual output still falls below quotas.
Authored by Michael Snyder via The Economic Collapse blog,
Paul Tudor Jones said the artificial intelligence-fueled bull market still has further to run, adding that he recently bought more related stocks as he looked for parallels to earlier tech booms.
The Kremlin said Thursday that it is not planning to offer financial support to businesses that have seen their bottom lines negatively impacted by persistent mobile internet outages in Moscow and other cities throughout the country in recent months.
With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)...
Prime Minister Anthony Albanese will pour $3.8 billion into the Suburban Rail Loop despite inflation and debt fears, money that Labor will place in a “locked box” only to be spent on a project that federal and state Coalition parties have remained steadfast against.
The commerce ministry warns the move will backfire on the EU, hitting its energy security and green transition
The commerce ministry warns the move will backfire on the EU, hitting its energy security and green transition
The global market meltup is rolling on. US stock futures inch higher, but are off session highs, with oil falling for a third straight day as traders waited for updates on a potential US-Iran peace deal that would reopen oil flows through the Strait of Hormuz. As of 8:00am ET, S&P and Nasdaq futures were 0.1% higher…
A bank employee hung up on Pope Leo XIV after the pontiff tried to change his address over the phone, according to an anecdote shared by a longtime friend of the Vatican leader and reported by the New York Times.
A bank employee hung up on Pope Leo XIV after the pontiff tried to change his address over the phone, according to an anecdote shared by a longtime friend of the Vatican leader and reported by the New York Times.
New report warns that rising conflicts, AI spending and energy security push are all expected to further increase global debt levels
New report warns that rising conflicts, AI spending and energy security push are all expected to further increase global debt levels
Whirlpool shares tumbled Thursday after the iconic appliance maker warned that the war in Iran triggered a severe downturn, underscoring how sharply higher fuel prices and collapsing consumer confidence are beginning to weigh on big-ticket purchases.
Whirlpool shares crashed as much as 20% in premarket trading after the appliance maker slashed its full-year outlook and posted weaker-than-expected first-quarter results. Management directly blamed the three-month war in the Middle East for triggering a collapse in U.S. appliance demand.
The rally that propelled gold and silver to record-breaking highs in 2025 could pick up again if a U.S.-Iran peace deal is reached, market watchers told CNBC as prices ticked higher on Thursday.
First phase of new scheme capped at 1,000 eateries, with successful applicants expected to be able to admit pets from July
First phase of new scheme capped at 1,000 eateries, with successful applicants expected to be able to admit pets from July
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has refiled a case before the Colombo High Court against former Central Bank Governor Ajith Nivard Cabraal, relating to the purchase of Greek Treasury bond investments in 2012.
Prosecutors said Thursday they have again rejected a police request for an arrest warrant for Bang Si-hyuk, chairman and founder of K-pop powerhouse Hybe, citing a lack of supplementary investigation into his alleged unfair stock trading case.
Former JPMorgan banker and Wall Street high-flyer Chirayu Rana has hired an attorney who has repped Epstein accusers and other major sexual harassment cases in his legal battle with the nation’s largest bank over claims Rana was forced to be a “sex slave.”
SEOUL, May 7 (Yonhap) -- Prosecutors said Thursday they have again rejected a police request for an arrest warrant for Bang Si-hyuk, chairman and founder of K-pop powerhouse Hybe, citing a lack of supplementary investigation into his alleged unfair stock trading case.
Demise of US budget carrier seen as a warning sign of how turbulent it could get for China’s airlines with fragile bottom lines
Demise of US budget carrier seen as a warning sign of how turbulent it could get for China’s airlines with fragile bottom lines