Keep pulling the thread on United States.
The price of oil is rising due to the effective closure of the Strait of Hormuz and a stalemate in diplomatic talks with Iran.
Meta and Microsoft have announced plans for thousands of job cuts to control spiraling costs associated with artificial intelligence.
Trevor Greetham of Royal London Asset Management predicts that oil prices could rise towards $170 per barrel if the current conflict continues.
Jennifer Welch of Bloomberg Economics states that a U.S. blockade of Iran, which she characterizes as an act of war, is still in place.
European natural gas prices have increased by more than a third since the U.S.-Iran conflict began.
The U.S. President announced that Israel and Lebanon have agreed to extend their ceasefire by three weeks.
The European Commission has warned EU ambassadors that changes proposed by lawmakers to strengthen safeguards in the U.S. trade deal could cause the agreement to collapse.
The European Union has agreed to begin membership accession talks with Ukraine, with the first negotiations potentially starting in the coming weeks and months.
Hungary has lifted its veto on a long-stalled €90 billion loan from the European Union to Ukraine.
Meta and Microsoft are planning job cuts that could affect a combined total of as many as 23,000 jobs.
Microsoft offered early retirement buyouts to approximately 7% of its U.S. workforce, potentially affecting about 8,750 employees.
Meta Platforms plans to cut 10% of its workforce to improve efficiency and offset heavy spending on artificial intelligence.