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Important pointsThe extent to which oil and gas prices rise will depend on whether the Iran war disrupts supply for an extended period of time. The last time oil prices topped $100 a barrel was in February 2022, after Russia invaded Ukraine. Gasoline prices hit an all-time high of $5.016 per gallon nationwide by June.Global oil markets are facing a worst-case scenario as the war between the US and Iran engulfs the Middle East with no clear exit, raising the risk of prolonged supply disruptions that could slow the global economy. Tanker traffic through the Strait of Hormuz, the world’s…
BANGKOK (AP) – Asian stocks fell further Wednesday, with South Korea’s benchmark falling 8%, following the global stock sell-off that hit Wall Street. crude oil price I climbed higher. worry about expanding war Relations with Iran have hit most world markets. Rising oil prices and how much they worsen inflation are among the central concerns for investors. A further rise in oil prices could put pressure on the global economy and take away corporate profits.South Korea’s Kospi led regional losses, falling 8.1% to 5,321.38, triggering a trading halt. Energy security concerns have dashed optimism about the benefits big tech companies…
China’s foreign minister tells Israel to stop attacking. Russian FM Lavrov said there was no sign that Tehran was seeking a nuclear bomb.listen to this article | 4 minutesinformationRussia and China have criticized the US and Israeli attacks on Iran, with Russia saying it had seen no evidence that Iran was developing nuclear weapons and China calling for an immediate end to joint attacks.Chinese Foreign Minister Wang Yi told Israeli Foreign Minister Gideon Saar on Tuesday that the attack on Iran came as negotiations between the United States and Tehran “made significant progress, including in addressing Israel’s security concerns,” according…
Influential KSI has vowed to take Dagenham and Redbridge to the Premier League after buying a stake and becoming a partner of the Sixth Division club.The YouTuber, who has more than 17 million subscribers on the platform, will join the club as a shareholder in what the club announced on Tuesday in what it called its “most significant strategic partnership to date.” Sky Sports News understands that KSI has bought a 20 per cent minority stake in the club. KSI has already had some involvement in football, having served as chairman of Bowler League UK since its creation in 2025.The…
As competition among AI startups intensifies, founders and venture capitalists are turning to new evaluation mechanisms to create a perception of market advantage. Until recently, the most popular companies raised multiple rounds of funding in quick succession at increasing valuations. However, continuous funding distracts founders from product development, so the lead VC devised a new pricing structure that effectively merges what were originally two separate funding cycles into one. Recent rounds using this scheme include Earl’s Series A. The synthetic customer research startup raised a round led by Redpoint, investing the bulk of the check at a valuation of $450…
Damil Ditch | E+ | Getty ImagesIn many ways, the SAVE (Save Your Precious Education) student loan scheme has been abolished. The Biden administration-era affordable repayment plan faced several legal challenges, and Congress voted to repeal it over the summer. But Judge John Ross of the U.S. District Court for the Eastern District of Missouri last week dismissed the lead lawsuit against SAVE. Consumer advocates argue that it could give SAVE a second life, if only for a short time.”Friday’s ruling was unexpected,” said Nancy Nearman, assistant director of New York’s Education Debt Consumer Assistance Program. “Are we going to…
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business with AI” held in Tokyo on February 3, 2025.Tomohiro Osumi | Getty ImagesOpenAI CEO Sam Altman told employees during an all-hands meeting Tuesday that the company “cannot make operational decisions” about how its artificial intelligence technology is used by the Department of Defense. “So maybe they think the attack on Iran was good and the invasion of Venezuela was bad,” Altman said Tuesday, according to a partial transcript of the conversation seen by CNBC. “There’s no need to…
Beirut — Lebanon is now on the brink of becoming fully engulfed in the escalating US-Israel war against Iran, as Israel intensifies its operations against the Iranian-backed Hezbollah militia. The fragile Lebanese government was desperate to avoid this fate. Israel’s seizure of more territory in southern Lebanon is accompanied by a surge in violence, including airstrikes, and follows Hezbollah’s decision to seek revenge for the killing of Iran’s Supreme Leader Ayatollah Khamenei. Early Monday morning, Lebanese militias fired missiles and a “swarm of drones” at an Israeli military base near Haifa. This is the first cross-border attack since late 2024.…
Sky Sports has unearthed never-before-seen footage of Rico Verhoeven, Oleksandr Usyk’s shock opponent for his next title fight, sparring with Tyson Fury, who was then about to begin his own world championship reign.Fury has brought in star kickboxer Verhoeven in preparation for the most important fight of his career. The Morecambe heavyweight was in camp ahead of his 2015 fight with Wladimir Klitschko. The bout marked Fury’s first world title challenge against the man who had dominated the division for a decade and held the combined WBO, WBA and IBF titles. With this win, Fury will be named the best…
Frame Studio | Moments | Getty ImagesWhile the world market is in turmoil due to the Middle East war, gold It is once again attracting attention as a safe investment destination. Precious metals are generally viewed as a diversification and store of value in times of turmoil. But before you jump, it’s important to know what you’re investing in and why.”Gold may be one way to invest against geopolitical shocks, but there are certainly other ways to invest, such as global energy stocks and defense stocks,” said Barry Glassman, a certified financial planner and founder and president of Glassman Wealth…