Economy

Economy
Economy

Oil prices surge as US-Iran strikes intensify in Strait of Hormuz

Global oil prices have surged toward a six week high as military tensions escalate between the United States and Iran in the Strait of Hormuz. This critical maritime corridor handles roughly one fifth of the worlds total oil supply, making any instability there a direct trigger for market volatility. Brent crude recently climbed to approximately

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Economy

Trump threatens to stop sale of Canadian Bombardier jets in US

Donald Trump has ignited a fresh diplomatic firestorm with Canada after warning that the aerospace giant Bombardier will be barred from selling its aircraft in the United States unless it shifts more of its manufacturing onto American soil. In a blunt post on Truth Social on Monday, the president declared there would be no more

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Economy

Trump threatens to block Canada’s Bombardier sales unless planes made in US

President Donald Trump has escalated his ongoing trade conflict with Canada by threatening to ban the sale of Bombardier aircraft within the United States unless the aerospace giant moves its manufacturing operations across the border. In a blunt social media post on Monday, the president accused Canada of treating the U.S. market like a piggybank

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Economy

Amazon plane crash: Investigators to give update on deadly Miami incident

Federal investigators are working to piece together the harrowing moments leading up to a deadly cargo plane crash at Miami International Airport that left five people dead and five others injured. The aircraft, a Boeing 767 operated by Amazon Air, overshot the runway on Sunday while arriving from Puerto Rico. According to Jennifer Homendy, chair

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Economy

Investigators begin work on why cargo plane overran Miami runway

Federal investigators have begun the grim task of determining why an Amazon cargo plane overshot the runway at Miami International Airport on Sunday, leaving five people dead and five others seriously injured. The Boeing 767-300, operated by the North Carolina-based charter company 21 Air, crossed a perimeter road after failing to stop on the tarmac,

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Economy

Gasoline prices, over $4 per gallon, hit record high for Labor Day

American drivers are facing a costly start to their holiday celebrations as gasoline prices hit an all time high for Labor Day. According to data from AAA, the national average for a gallon of regular unleaded gas climbed to 4.15 dollars on Monday, shattering the previous holiday record of 3.82 dollars set back in 2012.

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Economy

Which jobs are future-proofed? : The Indicator from Planet Money

As artificial intelligence continues to reshape the modern workplace, many employees are left wondering whether their current roles will even exist a decade from now. The anxiety surrounding automation is no longer just a plot point for science fiction movies but a daily concern for millions of workers across various industries. In a recent exploration

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Economy

Yen surges to 6-month high as traders stay alert for signs of intervention

The Japanese yen has climbed to its highest level in six months, sparking a wave of activity across global currency markets. This sudden surge comes as traders grow increasingly cautious, keeping a close eye on the Bank of Japan for any indication that government officials are preparing to step in and stabilize the currency’s volatile

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Economy

Jaguar Land Rover opens voluntary redundancy program in $2.3B cost-cutting drive

Jaguar Land Rover has launched a voluntary redundancy program for its salaried and management employees as the company embarks on a massive 2.3 billion dollar cost cutting initiative. The move, confirmed over the weekend by the Tata Motors owned automaker, aims to streamline operations and lower the global break even point to 300,000 vehicles per

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Economy

Saudi Aramco oil facilities hit in new strikes

Saudi Arabian energy infrastructure faced another wave of instability today as several Saudi Aramco oil facilities were targeted in a series of coordinated strikes. While official reports regarding the scale of the damage remain limited, early indications suggest that key processing sites were hit, sparking immediate concerns over global energy markets and the stability of

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