The oil market is assuming a bearish tilt after the Iran-Israel conflict ended in a ceasefire this week, with President Donald Trump hinting he could loosen sanctions against the Islamic Republic’s crude exports. The 12-day conflict drove oil prices sharply higher and then lower as traders gauged the odds of a major supply disruption. U.S. crude oil prices surged more than 15% from the start of Israel’s air campaign against Iran on June 13, only to peak at a five-month high on the evening of Sunday June 22 after the U.S. bombed the Islamic Republic’s three key nuclear sites. Global…
Author: usaeverydaylife
A general view of destruction in North Gaza, as seen from the Israeli side of the Israel-Gaza border, on May 17, 2025.Amir Cohen | ReutersTEL AVIV, Israel (AP) — U.S. President Donald Trump on Sunday pleaded for progress in ceasefire talks in the war in Gaza, calling for a deal that would halt the fighting in the 20-month-long conflict as Israel and Hamas appeared to be inching closer to an agreement.An Israeli official said plans were being made for Prime Minister Benjamin Netanyahu to travel to Washington in the coming weeks, a sign there may be movement on a new deal. The…
These nuns in Brazil went viral for beatboxing. Now, they’re using their newfound fame to draw attention to the Catholic church and to their congregation’s mission. Jack Nicas, the Brazil bureau chief for The New York Times, goes behind the scenes as the nuns record their first music video. Source link
U.S. President Donald Trump welcomes Israeli Prime Minister Benjamin Netanyahu at the entrance of the White House in Washington, D.C., U.S., April 7, 2025. Leah Millis | ReutersU.S. President Donald Trump on Saturday lashed out at prosecutors in Israel over the corruption trial that Israeli Prime Minister Benjamin Netanyahu has faced, saying Washington, having given billions of dollars worth of aid to Israel, was not going to “stand for this”.Netanyahu was indicted in 2019 in Israel on charges of bribery, fraud and breach of trust – all of which he denies. The trial began in 2020 and involves three criminal cases.…
“Politics isn’t wagging the tail – it’s shaking the entire dog.”These strong words from one wealth manager to CNBC last week capture a hectic first half of trading. They also set the stage for an uncertain second half, where “geoeconomics” looks set to remain a dominant market force. This week, expect attention to return to monetary policy, as central bankers from across the globe — who have kept their heads down amid political tensions — prepare to speak at the ECB Forum in Sintra, Portugal. Halftime report A lot has happened in the last six months, with trade tensions and truces…
France views Eutelsat as a strategic asset in the EU’s push for technological sovereignty.Benoit Tessier | AFP via Getty ImagesFor years, France’s Eutelsat has been trying to build a European alternative to Elon Musk’s Starlink satellite broadband service.The company merged with British satellite venture OneWeb in 2023, consolidating the region’s satellite communications industry in an effort to catch up to Starlink, which is owned by SpaceX.Last week, the French state led a 1.35-billion-euro ($1.58 billion) investment in Eutelsat, making it the company’s biggest shareholder with a roughly 30% stake.Europe largely lags behind the U.S. in the global space race. Starlink’s…
U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | ReutersThe Senate on Saturday cleared a key procedural hurdle to advance President Donald Trump’s “big, beautiful bill,” bringing the massive spending legislation one step closer to passage after weeks of painstaking negotiations.The Senate vote delivered a boost for Republican Majority Leader John Thune’s bid to get the bill to Trump’s desk by July 4. But it was not without drama.The vote on the motion to proceed was…
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025.Nathan Howard | ReutersElon Musk ripped into the Senate’s massive domestic policy package on Saturday, calling it “utterly insane” and destructive.” His remarks come weeks after he first hurled harsh criticism against the bill, which is backed by President Donald Trump.”The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!” Musk wrote on X, a platform that he owns.”Utterly insane and destructive. It gives handouts to…
It was another exciting week on Wall Street as the S & P 500 and Nasdaq each closed Friday at new record highs. Incredible as that was, this week could have easily gone another way. Last Saturday, the world learned that the U.S. had entered the Israel-Iran conflict, dropping several massive bunker busters on Fordo, Iran’s underground nuclear facility buried under a mountain, and bombing two other sites, Isfahan and Natanz. While fear of further escalation and a prolonged war involving the U.S. was palpable last weekend, the market on Monday shrugged, betting on the notion that the conflict would not…
U.S. President Donald Trump speaks during a meeting with Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner and Rwanda’s Foreign Minister Olivier Nduhungirehe in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | ReutersA federal judge on Friday dealt another blow to President Donald Trump’s efforts to throw out a defamation lawsuit against him filed by plaintiffs formerly known as the Central Park Five.U.S. District Judge Wendy Beetlestone said that Pennsylvania’s Anti-SLAPP law, designed to protect defendants from lawsuits targeting protected speech, does not apply in federal court, rejecting Trump’s motion…
