Employees stand near an Iranian national flag at the new Phase 3 facility at the Persian Gulf Star Co. (PGSPC) gas condensate refinery in Bandar Abbas, Iran, on Wednesday, Jan. 9. 2019. Ali Mohammadi | Bloomberg | Getty ImagesU.S. President Donald Trump on Tuesday restored his “maximum pressure” campaign on Iran that includes efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear weapon.Ahead of his meeting with Israeli Prime Minister Benjamin Netanyahu, Trump signed the presidential memorandum reimposing Washington’s tough policy on Iran that was practiced throughout his first term.As he signed the memo, Trump described it as very tough and said he was torn on whether to make the move. He said he was…
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U.S. President Donald Trump speaks during a joint press conference with Israeli Prime Minister Benjamin Netanyahu in the East Room at the White House in Washington, U.S., Feb. 4, 2025. Leah Millis | ReutersPresident Donald Trump on Tuesday evening said the United States “will take over the Gaza Strip,” and “we’ll own it.”Trump said that all Palestinians currently living in Gaza, nearly 2 million people, should leave the territory and be placed in other countries in the Middle East. He said the U.S. could then re-develop Gaza, which has been decimated during a war with Israel.”Gaza is a hellhole,” Trump said…
The inclination is to anoint the latest as the greatest, so Andy Reid may be crowned the king of all coaches if the Chiefs three-peat.Coaches are often judged by how they dominate in windows of time, as Reid is doing. He would be the first coach to win three straight Super Bowls — though Curly Lambeau and Vince Lombardi won three consecutive championships in another time.If the measure were total championships, Reid wouldn’t be called the greatest. He’s trying to win his fourth. Bill Belichick has the most with six. Lambeau and George Halas also had six in the pre-Super…
The Aga Khan IV, who as the leader of the world’s Ismaili Muslims fused entrepreneurship and philanthropy in becoming one of the world’s wealthiest hereditary rulers, died on Tuesday in Lisbon. He was 88.His death was confirmed by his Aga Khan Development Network in a post on X, the social media site. No cause was given.Urbane, cosmopolitan and often media-averse, the Aga Khan — born Prince Karim Al-Hussaini — rejected the notion that expanding his personal fortune would conflict with his charitable ventures. He said his ability to prosper complemented his duty to enhance the lives of Ismaili Muslims, a…
Uncertainty reigns supreme in the economy creating a very choppy, range-bound trading environment that is creating concern for the fate of our current bull market. Let’s see what the charts are telling us. The current environment is due to expected persistent inflationary pressures from two main sources: strong growth via recent GDP readings and the new threat of a tariff-driven global trade war. These two main drivers of continued expected inflation are causing the Fed Funds futures markets to price in just one additional rate cut this year. As I type the S & P 500 is trading in the…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Boxes of avocados are seen at the Central de Abastos market in Guadalajara, Jalisco state, Mexico, on Jan. 31, 2025.Ulises Ruiz | Afp | Getty ImagesChipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only about half of its avocados come from Mexico.A day earlier, President Donald Trump paused his plans for 25% tariffs on Mexican and Canadian imports. If implemented after the one-month suspension, imports such as avocados and beef would be more expensive for restaurants, which would likely try to…
[The stream is slated to start at 5:50 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are holding a joint press conference at the White House Tuesday, as a fragile ceasefire in Gaza continues to hold. Netanyahu is the first foreign leader to visit Trump at the White House as the president begins his second term in office. The visit comes as American, Israeli and Arab negotiators begin talks around a second phase of the ceasefire plan, which has so far shown promise…
FILE PHOTO: Spencer Rascoff, co-founder and executive chairman of dot.LA, speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.Patrick T. Fallon | Bloomberg | Getty ImagesMatch Group announced on Tuesday that Zillow co-founder Spencer Rascoff will serve as its new CEO.Rascoff, who has served as a member of the online dating company’s board since March 2024, will replace Bernard Kim in the role, Match said.”During his time on the Board, Spencer has demonstrated a strong strategic perspective and deep understanding of Match Group’s brands and opportunities,” said Match Group Chairman Tom McInerney, in a…
This trade really has so many layers. So much depth.Enormous figures involved: Luka Dončić, Anthony Davis, LeBron James, Kyrie Irving, Klay Thompson. A back-room deal under the cover of darkness, one like we haven’t seen since the Baltimore Colts skipped town.The Lakers and Hollywood. Slovenia and Texas. Alcohol and weight loss. A Las Vegas billionaire and a pending $350 million bill. A legend in the making with a reigning king.Basketball fans will feast on this trade for years.People will remember where they were when ESPN’s Shams Charania delivered the news, at 9:12 p.m. on the West Coast. Kevin Durant was…