Meta Platforms shares held onto slight gains following a proposed settlement with 52 state and U.S. territory attorneys general regarding social media addiction cases, according to the CNBC Investing Club with Jim Cramer. On Wednesday, markets remained largely unchanged as participants anticipated major technology earnings, while Treasury yields rose on the heels of a hotter-than-anticipated … Read more
The United States announced an “economic D-Day” campaign to isolate Iran from the global economy on Monday, threatening penalties against enablers that continue doing business with Tehran. Washington’s move aims to sever the trade lifeline sustaining Tehran’s economy through nearly six months of war, potentially setting the U.S. on a collision course with major international … Read more
The United States and Iran exchanged sharp, defiant rhetoric ahead of Monday’s scheduled announcement of new U.S. economic sanctions, with Washington vowing unprecedented isolation while Tehran dismissed the move as an unlawful assertion of extraterritorial sovereignty, according to statements from officials in both countries. U.S. Treasury Prepares Historic Sanctions Against Iran The U.S. Treasury Department … Read more
According to U.S. Central Command, the U.S. military has helped tankers transport more than 660 million barrels of crude oil through the Strait of Hormuz since early May, even as the security situation in the vital waterway remains contested. Military Escorts and Commercial Transit Volumes in Hormuz U.S. Navy Captain Tim Hawkins, a Central Command … 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
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