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‘You could say the ceasefire has ceased’: Iran is back on Wall Street’s radar as oil prices spike 6%
The truce between Iran and the U.S. that has been fraying over the last four weeks finally showed its first real tears on Monday. That’s when the shooting started. Central Command Chief Admiral Brad Cooper said the U.S. shot down Iranian drones and missiles while also destroying seven Iranian fast boats.And for the first time in weeks, markets took the uncertainty…
Top U.S. oil producer declares ‘green’ light on drilling for more oil amid Iran war
A top oil and gas producer in West Texas’ booming Permian Basin declared a “green” light for the reluctant U.S. energy sector to start churning out more volumes amid the ongoing Iran war and sky-high crude prices.A year later, OPEC is bottlenecked because of the effective closure of the Strait of Hormuz through which 20% of the world’s oil and…
Starbucks CEO gets roasted for $9 ‘premium experience’ remarks, but Wall Street toasts his tariff-era turnaround strategy
“In some cases, you know, a $9 experience does feel like you’re splurging. And then, what that means is we have to make it worthwhile, right?” he said on the podcast. “And then in other cases, certain people believe, ‘Well, this is a really affordable premium experience.’ Because they’re saying like, ‘Well it’s less than $10 and I get a…
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Japan’s Higher-than-Expected Inflation Boosts Speculation of BOJ Rate Hike
Japan's inflation rate exceeded expectations in January, strengthening the case for the central bank to abandon its negative interest rate policy in the near future. Government data released on Tuesday…
