Author: starbpo

How long will oil prices remain elevated? That is a key question for global markets right now.

Arelief rally in tech stocks could help cushion the broader market from further downside as tensions in the Middle East continue to rattle investors.

YouTube generated the most revenue of any media company in 2025, besting Disney for the first time, according to MoffettNathanson Research.

Nvidia’s GPU Tech Conference and the Optical Fiber Communications Conference and Exhibition are expected to provide key updates related to the AI-infrastructure trade

Haiti is grappling with an escalating economic crisis as unrelenting gang attacks paralyze the nation, causing widespread food and water shortages. The ongoing violence, marked by attacks on police and a paralyzed economy, has left the country in a precarious situation. This dire scenario is further exacerbated by the closure of the main port, stranding vital supplies, and crippling the nation’s ability to meet the basic needs of its more than 11 million inhabitants. Gang Violence Hits the Economy: Rotting produce, empty water jugs, and abandoned stores illustrate the impact of gang violence on Haiti’s economy. The terrifying clashes between…

Ukraine’s President Volodymyr Zelenskyy is in Istanbul for crucial talks with Turkish President Recep Tayyip Erdogan. As Turkey balances its relations with Kyiv and Moscow, Erdogan is anticipated to advocate for negotiations to bring an end to Russia’s prolonged war in Ukraine, now entering its third year. The discussions will also delve into measures ensuring navigational safety in the Black Sea, presenting a pivotal moment in the ongoing conflict. Negotiating for Peace: Erdogan, a NATO-member leader, is expected to leverage Turkey’s diplomatic position to press for negotiations aimed at resolving the protracted conflict between Ukraine and Russia. The talks hold…

In a pre-market rally, Wall Street gears up for a positive opening, fueled by anticipation surrounding Jerome Powell’s commentary on potential rate cuts later in the year. Powell’s reaffirmation of the Federal Reserve’s inclination toward rate reductions has injected fresh optimism, propelling U.S. equities higher. During his recent testimony, Powell emphasized that rate reductions are likely later this year, contingent on the economy evolving as expected and gaining more confidence in inflation’s decline. The prospect of a June interest rate cut has invigorated the markets, especially technology and chip stocks, which took the lead in Wednesday’s positive close. Investors keenly…

U.S. layoff announcements saw a notable 3% increase last month, reaching the highest level in 11 months, according to a report released on Thursday. Outplacement firm Challenger, Gray & Christmas revealed that job cut announcements totaled 84,638 in February, marking the highest figures since March of the previous year. While this surge is largely attributed to automation-related restructuring, the year-to-date cuts for 2024 are down by 7.6% compared to the same period last year. The technology sector experienced some of the most significant job cuts in February, along with the transportation and services industries. Although the tech sector leads in…

Hand sanitizers were tainted by benzene. Sunscreens and dry shampoos too. Now acne treatments are joining the list of widely used consumer products found to contain high levels of the chemical linked to cancer. Acne products from brands including Proactiv, Target Corp.’s Up & Up, and Clinique have elevated levels of the carcinogen, an independent testing laboratory said in a petition filed with the US Food and Drug Administration late Tuesday. The lab asked the FDA to recall the affected treatments — all of which contain the active ingredient benzoyl peroxide — while regulators investigate. Benzene is a natural component…

Australia and the Association of Southeast Asian Nations (ASEAN) concluded a three-day summit in Melbourne, emphasizing the need for restraint in the South China Sea and a lasting ceasefire in Gaza. The summit, marking the 50th anniversary of Australia’s ties with ASEAN, saw discussions on China’s expanding diplomatic and military presence in the region. In a joint statement, Australia and ASEAN called for a “rules-based” order in the Indo Pacific, expressing concerns over potential threats to peace and stability posed by unilateral actions. “We recognize the benefits of having the South China Sea as a sea of peace, stability, and…