New York City’s pied-à-terre tax rollout will proceed for now after an appellate judge ruled Thursday to temporarily lift a restraining order. The decision by an appellate judge allows the city to continue implementing the surcharge while a full appeals panel reviews the case, according to reports from the New York Post. Legal Status of … Read more
The Strait of Hormuz remained blocked and ship traffic hit a three-month low as peace talks between the United States and Iran stalled over the terms of ending their five-month war, according to a CNBC analysis of trade data and statements from government officials. U.S.-Iran Peace Talks Stagnate Over Interim Agreement Terms Negotiations to revitalize … Read more
Millions of spectators gathered across Spain, Portugal, Iceland, and Greenland on August 12, 2026, to witness the first total solar eclipse to cross the Spanish mainland in over a century. According to the Associated Press, the event drew at least a half-million additional visitors to Spain, causing hotel demand to surge in northern regions and … Read more
The Trump administration is implementing a federal rule that cuts off Medicaid and Children’s Health Insurance Program (CHIP) funding for gender-affirming care for minors, according to the Centers for Medicare and Medicaid Services (CMS). The policy change, which targets treatments like puberty blockers, hormones, and surgeries, is scheduled to take effect on Oct. 13. CMS … Read more
The S&P 500 slipped 0.06% to close at 7,753.11 amid persistent doubts over a lasting resolution to the U.S.-Iran conflict, according to market data from the New York Stock Exchange. The Nasdaq Composite declined 0.32% to 26,605.36, and the Dow Jones Industrial Average dropped 60.95 points, or 0.11%, to finish at 53,975.98. While major U.S. … Read more
Iran outlined sweeping demands on Saturday to the U.S. for reopening the Strait of Hormuz, requiring Washington to lift its naval blockade and sanctions, withdraw military forces, pay war reparations, and release frozen Iranian assets, according to media reports. The conditions, laid out by Mohammad Bagher Zolghadr, Secretary of Iran’s Supreme National Security Council, also … Read more
Japanese Prime Minister Sanae Takaichi is advancing a legislative package to temporarily slash the consumption tax on food to 1% from 8%, creating an expansionary fiscal gamble that has drawn sharp warnings from the International Monetary Fund and senior members of her own ruling party over ballooning national debt. According to Nikkei, the ruling Liberal … Read more
Saudi Aramco reported a second-quarter adjusted net income of 125.2 billion Saudi riyal ($33.4 billion), a 33% year-on-year increase that exceeded analyst expectations of $31.59 billion. The surge follows severe disruptions in the Strait of Hormuz linked to Middle East conflict, which the company mitigated by routing exports through its East-West pipeline. Aramco Leverages Infrastructure … Read more
West Texas Intermediate futures for September delivery declined 4.5% to $80.89 per barrel, while Brent crude futures for October delivery lost 4.4% to $84.10 a barrel in Asia trading, according to market data reported by CNBC. Trump Cancels Strike Amid Regional Talks According to CNBC, U.S. President Donald Trump stated early Sunday that he called … Read more
President Donald Trump’s early June executive order, according to administration and industry reports. The fast-approaching benchmark triggered intensive lobbying in Washington, D.C., where tech leaders like OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang met with officials to shape upcoming compliance standards. White House AI Framework Deadline Prompts Silicon Valley Lobbying According to White … Read more