Iran says war could destroy global economy, Trump vows to 'finish' job
ECONOMIC SHOCK
With the conflict in its 12th day, Iran’s Revolutionary Guards (IRGC) warned they would strike “economic centres and banks” linked to US and Israeli interests, prompting more international firms to evacuate staff from Dubai.
The US and Israel “must consider the possibility that they will be engaged in a long-term war of attrition that will destroy the entire American economy and the world economy”,
Read MoreBlackRock CEO Larry Fink says Iran war will not derail economy despite surging gas prices
BlackRock Chairman and CEO Larry Fink insisted the United States’ war with Iran will not have lasting economic consequences, even as oil prices continue to surge nationwide.
“Do I believe the war is going to be lasting a long time? No,” Fink told Fox News chief political anchor Bret Baier.
Read MorePresident Trump touches on Iran war, US economy and endorses candidate during Kentucky stop
President Donald Trump made a stop in Hebron, Kentucky, on Wednesday, and he had a lot to say about the economy and the Iran war, along with endorsing a Shelby County native for Congress.The message that President Trump delivered on Wednesday in Kentucky is that the U.S. economy is doing well in Kentuckians are reaping the benefits.”8,000 brand new construction jobs in Kentucky,”
Read MoreWith a cautious eye on oil prices, Fed likely to hold rates next week following February's inflation reading
The Iran war is expected to push headline inflation higher, mainly due to pressure on oil prices. But the “core” Consumer Price Index (CPI), which strips out the volatility in food and energy categories, showed inflation moving toward the Federal Reserve’s 2% goal, according to February’s print released Wednesday.
Still,
Read MoreDow Jones Top Company Headlines at 9 AM ET: China's ByteDance Gets Access to Top Nvidia AI Chips | Apple …
China’s ByteDance Gets Access to Top Nvidia AI Chips
TikTok’s parent company has global ambitions to compete with companies such as Google and OpenAI by offering a range of AI applications for everyday users.
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Apple Cuts App Store Fees in China as Regulatory Scrutiny Intensifies
The iPhone maker said it would lower the commission it charges on digital sales in China to 25% from 30% following discussions with regulators.
Read MoreThe Burst
1 Massive Advantage Retail Investors Have Over Hedge Funds
Retail investors are usually playing catch-up and it’s no surprise why. They don’t have a research department, a Bloomberg Terminal on every desk, or a network of analysts and insiders feeding them information in real time. Hedge funds, with their armies of research analysts, data scientists, and software systems, are optimized to gain any edge possible.
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Read MoreThe Ivy
Cava’s Dip Looks Tasty, Why This Sell-Off Could Be a Gift
Cava Group has done what its customers do best: dip. After hitting an all-time high near $172 last November, the shares have slid to the high-$60s, roughly a 60% slide from the peak, even though the business keeps putting up solid numbers.
That kind of disconnect tends to create opportunity for patient investors who care more about unit economics than headlines.
» Read more about: Cava’s Dip Looks Tasty, Why This Sell-Off Could Be a Gift »
Read MoreThe Spotlight
Why Is Buffett Pouring Into This High Yield Bet
2024 has been a surprising year for Warren Buffett and Berkshire Hathaway. The company became the first American business outside of the tech sector to achieve a $1 trillion valuation, and an unusually buoyant stock market has caused many of its holdings to gain substantially in value.
Despite these successes, Buffett personally appears to be turning bearish.
» Read more about: Why Is Buffett Pouring Into This High Yield Bet »