Tag: United States
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Iran declares new Hormuz route ‘unacceptable and dangerous,’ warns against ships transiting without approval
The stern warning underscores Tehran’s resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization.
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Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming
Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.
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Trump seeks US$88 billion in extra funding, mostly for Iran war
The administration requested about US$67 billion for the Pentagon, including US$21 billion for munitions and other military capabilities, US$17.3 billion for operational costs and US$12.1 billion for classified programmes.
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Buildings collapse as quakes rock Venezuela, ‘high casualties’ likely
A magnitude 7.2 earthquake struck about 160 km (100 miles) west of Caracas, with a magnitude 7.5 tremor hitting less than a minute later, according to the U.S. Geological Survey (USGS).
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Micron is tech’s new margin king as memory crisis pushes company past Nvidia and Meta
Micron said in its earnings report that its gross margin jumped to 84.9% from 39% a year ago.
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Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules
The Fed’s annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
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Energy secretary says U.S. has ended Iran’s ability to close Strait of Hormuz
Some 72 ships loaded with 19 million barrels of oil have passed through Hormuz in the past 24 hours, Energy Secretary Chris Wright said.
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Israeli defence minister says ‘no US demand’ to withdraw from Lebanon
Israeli Defence Minister Israel Katz said there is currently “no American demand for Israel to withdraw from Lebanon”
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Nvidia’s Huang calls black market data centers made of smuggled parts a ‘dead end’
Washington regulators and the Trump administration are increasingly wary of China getting ahold of advanced AI software and hardware.
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Bessent sees GDP growth booming again this year. Kalshi traders see little chance of that
Kalshi traders are not agreeing with Treasury Secretary Scott Bessent’s prediction that the U.S. economy will have 3% growth this year.
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