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Stock Market

Dow futures jumps 265 points; UK Navy reports interference in Strait of Hormuz

Jun 16, 2025 3:19 PM ISTUS Stock Market Live: Ship Signal Jamming In Persian GulfNavigation signals from more than 900 vessels in the Strait of Hormuz and the Persian Gulf went awry over the weekend, creating confusion in the shipping chokepoint as the fighting between Iran and Israel intensified. Starboard Maritime Intelligence and Bloomberg data showed vessels sailing impossibly straight lines in the region, zig-zagging across the water, or appearing onshore. The glitches — which have affected oil tankers, cargo ships, tugs and fishing boats among others since Friday —...
Currencies

How Donald Trump made $57.4 million from World Liberty Financial amid crypto regulation push

United States President Donald Trump's annual report for the year ended December 2024 shed light on his multi-million dollar earnings from cryptocurrency investments, where one of the sources of income was from World Liberty Financial (WLF). Also Read | SEC Taps New Director of Trading and Markets Who Has Crypto TiesAccording to the 234-page official US Government Ethics report released on President Donald Trump, the 79-year-old Republican earned nearly $57.4 million from his World Liberty Financial business.The filing data also showed that Trump earned $57,355,532, or nearly $57.4 million, from the...
Stock Market

Dow falls more than 430 points after Israel strikes Iran, spiking oil prices

Jun 13, 2025 6:07 PM ISTUS Stock Market LIVE Updates: Airline Stocks Slide After Israel-Iran Strikes Shut AirspaceAirline stocks declined around the world on Friday after Israel launched airstrikes across Iran, forcing several countries in the Middle East to close their airspace to commercial flights.   Airlines were the worst-performing sector in Europe, with Air France-KLM, Deutsche Lufthansa AG and British Airways parent IAG SA sliding over 3%. Discount carriers Ryanair Holdings Plc, EasyJet Plc and Wizz Air Holdings Plc posted similar declines. In Asia, Japan Airlines Co. dropped 3.7%,...
UK Property

Week after UK deal, EU and India wrap up IPR, talks on carbon tax left | Business News

A week after India announced its trade deal with the UK amid tariff threats from US President Donald Trump, the European Union and India have made significant progress in their trade talks between May 12 and May 17, closing as many as five chapters including the challenging area of intellectual property rights (IPR), a status report released Tuesday by the EU said.The conclusion of the UK deal is an “important factor” in Delhi’s trade negotiations with Brussels, a government official told The Indian Express, since UK’s exit from the EU...
Upcoming Investments

GM pledges $4 billion in new U.S. manufacturing investments

General Motors: History, innovation, and legacyLearn about the rich history and notable innovations of General Motors, from its founding in 1908 to its leadership in electric and autonomous vehicle technology.Two popular Chevrolet models will move to U.S. plants from Mexico.The plan is to produce gas-powered full-size SUVs and light duty pickup trucks at Orion Assembly in Michigan early 2027.GM also is retooling its Fairfax Assembly plant in Kansas and the Spring Hill Manufacturing plant in Tennessee.General Motors will invest $4 billion in three U.S. manufacturing sites over the next two...
Stock Market

fewer 401(k) millionaires minted in Q1 as markets churned

Understanding a 401k: How it works and why it’s importantWhat is a 401k plan? Key benefits and how to maximize your savings.Retirement savers have faced plenty of white knuckle days in 2025 where stock market conditions — and on-again, pause-again tariffs — put everyone's nerves on edge.Amazingly, no matter how awful things felt some days, many have not seen a double-digit fallout in their 401(k) savings in the first quarter, according to the latest data from Fidelity Investments.Average 401(k) retirement account balances fell 3% from late last year through the...
USA Property

Iowa DOGE task force floats consolidating the state’s 99 counties

Watch: Gov. Kim Reynolds discuses task force for Iowa 'DOGE'Hear from Gov. Kim Reynolds as she talks about Iowa's 'DOGE' on Thursday, Jan. 16, 2025, at the Iowa State Capitol.Iowa's DOGE task force is considering issuing a recommendation to consolidate the state's 99 counties to improve government efficiency and enable property tax cuts.The task force argues that the current county structure is outdated and wastes resources, citing Iowa's low population density.The task force is focusing on streamlining services and regionalization rather than directly addressing property tax reform.Iowa's government efficiency task...
Currencies

Commentary: The world’s strongest currency is also super-competitive

For more than a decade, it has dominated a UN ranking of the most innovative economies, both for the resources it puts into innovation – for example through practical university education and research and development – and for its returns on these investments.  It generates more than US$100 in GDP per hour worked – that’s more productive than any of the other 20 largest economies. Its decentralised political and economic system encourages the rise of small enterprises, which account for over 99 per cent of Swiss companies. It also has...
Currencies

EMERGING MARKETS-Asian shares fall on Trump’s steel tariff threat; currencies steady

(Updates for afternoon trade) * Taiwan and Indonesia stocks down over 1.5% * Asian FX firm as dollar weakness persists * Trump threatens to double tariffs on steel imports By Roshan Thomas June 2 (Reuters) - Asian equities fell on Monday, dragged by losses in South Korean and Vietnamese steelmakers, after U.S. President Donald Trump threatened to double tariffs on imported steel and aluminium, while regional currencies held firm against a softer dollar. Trading volumes were thin overall due to a public holiday in the region, with markets in China,...
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