Iran seizes 2 Greek tankers in Persian Gulf as tensions rise

DUBAI, United Arab Emirates (AP) – Iran’s paramilitary Revolutionary Guard seized two Greek oil tankers Friday in helicopter-launched raids in the Persian Gulf, officials said. The action appeared to be retaliation for Athens’ assistance in the US seizure of crude oil from an Iranian-flagged tanker this week in the Mediterranean Sea over violating Washington’s crushing … Read more

Key inflation gauge slowed to still-high 6.3% over past year

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now. The inflation figure the Commerce Department reported Friday was below the four-decade high of 6.6% set in March. … Read more

Prepare for shocker sticker if you are traveling this summer

DALLAS (AP) – Airlines and tourist destinations are expecting monster crowds this summer as travel restrictions ease and pandemic fatigue overcomes lingering fear of contracting COVID-19 during travel. Many forecasters believe the number of travelers will match or even exceed levels in the good-old, pre-pandemic days. However, airlines have thousands fewer employees than they did … Read more

China wants 10 Pacific nations to sign on to ‘game-changing’ agreement

The Red Falcon Air Demonstration Team of the People’s Liberation Army Air Force performs over a Chinese national flag on September 30, 2021 in China. China wants 10 small Pacific nations to endorse a sweeping agreement covering everything from security to fisheries in what one leader warns is a “game-changing” bid by Beijing to wrest … Read more

This eclipse-like event is why bitcoin could reach $ 100,000 by next year, says forecaster with a solid record

Stocks are settling in for more choppy action, as investors continue to consider the Federal Reserve minutes and after Nvidia dropped a warning late Wednesday. But we’re switching away from Wall Street’s tug of war to focus on cryptocurrencies, and a call from the president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, who … Read more

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures higher as Wall Street looks to break losing streaks Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images US … Read more

Tariffs on China Throw Shade on the US Solar Industry

The Biden administration lobbies for renewable energy funding programs that nominally support the US solar industry. However, I sit on the boards of four solar energy companies that are being harmed badly by existing US tariffs and threats of new ones. Two of those companies are suffering through serious financial problems, and three are refocusing … Read more

Brittney Griner’s wife tells ABC she wants WNBA star home

Brittney Griner’s wife, Cherelle, wants President Joe Biden to secure her partner’s release, doing whatever is necessary to get the WNBA star home from Russia where she has been detained for more than three months. “I just keep hearing that, you know, he has the power. She’s a political pawn, ”Said Cherelle, who became emotional … Read more

Here’s the signal for investors from the deep pessimism of Bill Ackman and George Soros

Stock index futures are bouncing around on the 100th day of trading this year, with the Dow and S&P 500 headed for the worst annual start since 1970 and the Nasdaq its worst ever. This choppy market can’t help itself, because “there are too many unknowns,” Stephanie Link, chief investment strategist and portfolio manager at … Read more

‘Shireen Abu Akleh’s life matters,’ Al Jazeera tells UN | Israel-Palestine conflict News

Washington, DC – Al Jazeera’s Washington bureau chief has called on the UN Security Council to ensure the protection of journalists, urging an independent and transparent probe into the killing of the network’s veteran reporter Shireen Abu Akleh. Speaking at an informal Security Council meeting on Tuesday, Abderrahim Foukara said the slain journalist was killed … Read more