Keep pulling the thread on S&P 500.
The fragile ceasefire between the US and Iran has collapsed.
According to US officials, Iran attacked three tankers in the Strait of Hormuz on Tuesday.
In response to tanker attacks, the United States struck more than 80 targets along Iran's coast and revoked a sanctions waiver for Iranian oil sales.
Brent crude prices soared over 7% to nearly $80 a barrel, the highest level in over two weeks.
Four states are suing Meta for $1.4 trillion in penalties, claiming its social media platforms harmed the mental health of teenage users.
A court in New Mexico ordered Meta to pay $375 million for failing to protect young users.
An internal Meta document valued a teenager's life at approximately $270.
A court in Delaware ruled that Meta's insurance company does not have to defend them in court because Meta's harmful behavior was found to be intentional, not accidental.
The IMF projects global economic output will fall to 3% in 2026 because of the US-Iran conflict.
The IMF projects global inflation will rise to 4.7% due to the US-Iran conflict.
On July 8th, the S&P 500 and the Dow Jones Industrial Average fell due to military conflict in Iran.
The odds of a US interest rate hike before the end of the year rose to 56% on the prediction market Calci.