Houthi Attacks Disrupt Key Red Sea Shipping Route
The blockade was launched in response to Saudi military strikes on Houthi-controlled infrastructure.
Trade
Global Trade Partners Challenge Trump's Latest Tariff Move
The Office of the U.S. Trade Representative imposed new tariffs under Section 301 of the Trade Act of 1974, applying duties of 10% or 12.5% on imports from 60 economies.
US Imports First Iraqi Fuel Oil Cargoes Via Syria
The cargoes were transported overland from Iraq into Syria before being loaded onto vessels, creating an alternative supply chain for international buyers.
Rising Oil Prices Push Treasury Yields Higher
Higher energy prices added to concerns about inflation, contributing to the rise in government bond yields.
Tesla Misses Earnings Forecast Despite Record Revenue
The report showed capital expenditures more than doubled to $5.8 billion as Tesla increased investment in its Optimus humanoid robot and robotaxi programs.
Canada Cancels Joint Gordie Howe Bridge Ceremony Over US Tariff Threats
The report said Canada will instead hold its own opening ceremony on Friday. Despite the diplomatic dispute, the bridge is still scheduled to open next Monday as planned.
Trump's New Canada Tariffs Raise Trade War Fears
The tariffs, which will take effect in 30 days, cover about $20 billion worth of Canadian goods, including electrical equipment and machinery
What Caused The Sharp Increase In Import Prices From China
The report showed import prices increased 0.3% during the month, compared with economists' expectations of a 0.8% decline
Why Is Verizon Selling Stores And Cutting Jobs
The report said the latest move marks the third major workforce reduction under Chief Executive Officer Dan Schulman since late 2025.
Regulators Weigh Oversight Of Growing Prediction Markets
Prediction market platforms, including Polymarket, confirmed engagement with regulators, while exchanges such as CBOE are pursuing SEC-regulated products
Why Is The US Imposing 25% Tariffs On Brazil
The measures target issues including weak anti-corruption enforcement, barriers affecting American technology companies and trade practices
Trump Says U.S. Investigating Possible Iranian Drones In Cuba
Trump told reporters that the administration is examining the possibility and warned that the United States would respond if evidence showed Iranian drones were being kept on the island.
U.S. Expands Sanctions On Cuba's Tourism Sector
The report said the sanctions, authorized under a May executive order, block the U.S.-based property and financial interests of the designated entities.
US Trade Fraud Investigations Surpass $1 Billion Mark
The total includes penalties, settlements, restitution, asset forfeitures and alleged losses in pending criminal and civil cases. About $150 million of the overall figure relates to ongoing cases.
Fed Chair Warsh Outlines New Strategy To Tackle Inflation
He acknowledged that elevated prices over the past five years have burdened American households and businesses
Trump's Iran Blockade Plan Sends Global Oil Prices Higher
U.S. West Texas Intermediate crude rose above $80 per barrel, while Brent crude climbed past $87 after extending gains from the previous session.