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Iran says it is selling oil at 20% premium as end of U.S. blockade sees 40 million barrels exported

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Iran has exported more than 40 million barrels of crude oil since the U.S. removed its naval blockade of Iranian ports, and is now selling oil at prices roughly 20% higher than before the war, parliament speaker and chief negotiator Mohammad Bagher Ghalibaf said Tuesday. The U.S. and Iran signed a memorandum of understanding on June 17 to end nearly four months of war and reopen the Strait of Hormuz, and set up 60 days of negotiations to work out a permanent peace deal. The two sides briefly traded strikes over the weekend after Iran attacked two transiting vessels. The ceasefire prompted a surge in crude shipments through the vital waterway where traffic had largely ground to a halt during the conflict, sending oil prices sharply lower . "Since the day the naval blockade was lifted, we have exported more than 40 million barrels of oil," Ghalibaf said in a television interview published on his Telegram channel . Iran had been unable to export a single barrel during the rough...

After a Weekend of Skirmishes, the U.S. and Iran Agree to Halt Hostilities. Here's What it Means for Energy Investors.

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After a Weekend of Skirmishes, the U.S. and Iran Agree to Halt Hostilities. Here's What it Means for Energy Investors. Matt DiLallo, The Motley Fool Mon, June 29, 2026 at 11:35 AM PDT 5 min read CL=F NVDA The U.S. and Iran traded shots over the weekend. Iran attacked a couple of ships in the Strait of Hormuz in the past week. The U.S. military retaliated over the weekend, launching strikes on targets in Iran. However, both sides agreed to halt their hostilities and are reportedly meeting in Qatar this week to work towards a permanent peace deal. Oil prices have had a relatively muted reaction to the renewed hostilities. Both Brent oil (the global oil benchmark) and WTI (the U.S. oil benchmark) were up about 2% on Monday, with WTI regaining the $70-a-barrel level while Brent is approaching $75. Here's a look at what this means for energy investors . Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known ch...

Uniqlo’s plan to dominate global fashion

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Anthropic says US lifts export ban on its advanced AI tools

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Image source, Bloomberg via Getty Images Image caption, Anthropic boss Dario Amodei By Osmond Chia Business reporter Published 1 July 2026, 02:13 BST Updated 41 minutes ago The US government has lifted an export ban on Anthropic's most advanced artificial intelligence (AI) tools, just weeks after ordering it to restrict access to them over national security concerns, the company has said. Anthropic said in a statement that it will begin restoring access to Claude Fable 5 and Mythos 5 on Wednesday after being notified that the US Department of Commerce has lifted restrictions on the two models. They are the firm's most advanced AI tools, which were abruptly suspended on 12 June over concerns that they could be used by hackers to exploit weaknesses in computer systems. The Commerce Department said in a letter seen by the BBC that Anthropic has addressed the risks. "Anthropic has agreed to proactively detect and address security risks associated with the models," Commer...

Trump made more than $1bn from crypto in first year back in office

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Image source, Reuters Image caption, US President Donald Trump has been involved business dealings. By Kali Hays Technology reporter Published 1 July 2026, 01:39 BST Updated 22 minutes ago US President Donald Trump made more than $1bn ( 750m) last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025. In a 927-page disclosure, he reported $635m in royalties from a Trump meme coin that has plunged in value since he launched it days before taking office. He also reported over $500m in income from World Liberty Financial, a cryptocurrency firm founded by his own sons and the children of his special envoy, Steve Witkoff. He earned millions more from real estate and Trump-themed items. But the White House denied he was profiting from the presidency. The earnings from his latest financial disclosure far outpace the previous ones for 2024, when Trump disclosed over $600m in income. But the White House, which has repeatedly emphasised that Trump h...

US Supreme Court checks Trump’s power even as it bolsters the presidency

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China-linked actors target more than technology as AI competition with U.S. intensifies

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Cyberattacks aimed at stealing American artificial intelligence technology are increasingly expanding from tech-based attacks to the exploitation of human-level vulnerabilities, with China-based actors playing a growing role. "As the AI race has heated up, the [People's Republic of China] has targeted the tech sector increasingly," said Matt Pearl, director of the strategic technologies program at the U.S.-based think tank Center for Strategic and International Studies. Rather than focusing on a specific trade secret, such as hardware designs, the hackers have broadened their interest to anything that could narrow the three- to four-month AI gap with the U.S., Pearl said. That, he said, ranges from understanding a company's product roadmap, particularly in highly competitive sectors, to identifying weaknesses in supply chains. The alleged cases are already piling up. In June, U.S.-based cybersecurity giant CrowdStrike said Chinese entities accounted for more than hal...

Europe’s rearmament drive is sustaining 195,000 US defence jobs, Nato chief says

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Trump made more than $500mn from sale of family’s crypto tokens last year

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US president also earned hundreds of thousands of dollars from licensing of Bibles, watches and perfume while in office 🔥 EXCLUSIVE PARTNER OFFER Station 12 Ports,Sector Adapter Hub Multiple Charger Adapted to Mobile Phone and Other USB Charging Devices 29.52 🎁 Special promotion! Perfect gift idea at an unbeatable price. Shop now! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/dab0dd71-2d95-4838-b0df-e942f9cc5dec © EcoNews DZ — Global Economic & Financial News

Dave Ramsey Just Gave You Two Hidden Reasons to Move Everything to a Roth. No RMDs and No Inherited-IRA Forced Withdrawal

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Dave Ramsey Just Gave You Two Hidden Reasons to Move Everything to a Roth. No RMDs and No Inherited-IRA Forced Withdrawal Dave Ramsey Just Gave You Two Hidden Reasons to Move Everything to a Roth. No RMDs and No Inherited-IRA Forced Withdrawal 24/7 Wall St. Danielle Liverance Mon, June 29, 2026 at 7:01 AM PDT 5 min read Dave Ramsey just gave away the two reasons most people convert to a Roth too late, if they convert at all. I've been studying retirement account mechanics for over a decade, and the part of his pitch that lands hardest is what happens after you die. Here is the math behind both of his claims, and the one variable that decides whether converting is brilliant or expensive. The quote that reframes the Roth debate On the April 10, 2026 episode of The Ramsey Show titled Start Telling Your Money Where To Go , Dave Ramsey said: "moving everything to Roth people, that ain't bad or overtime, that's the move. It gives you two things I had not considered early on...

A new Plaza Accord for global currencies wouldn’t work

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This is Why Morgan Stanley Believes The Coca-Cola Company (KO) is a Top Beverage Stock To Buy

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This is Why Morgan Stanley Believes The Coca-Cola Company (KO) is a Top Beverage Stock To Buy Abdul Rahman Mon, June 29, 2026 at 4:55 AM PDT 2 min read KO PEP Coca-Cola (NYSE: KO ) is one of the best stocks to buy now for good returns . Recently, Morgan Stanley touted Coca-Cola (NYSE:KO) as its top stock pick in the US beverage sector. The investment bank maintains an Overweight rating on the stock, impressed by strong long-term organic growth prospects on the back of positive short-term developments. The Coca-Cola Company (KO) Remains One Of Warren Buffett's Oldest Stock Picks Pixabay / Public Domain According to the investment bank, the company's Fairlife sales growth in the US has accelerated over the last six weeks due to incremental capacity expansions. Additionally, the company continues to demonstrate strong pricing power compared to its consumer packaged goods peers. Consequently, it boasts a greater competitive advantage than rivals PepsiCo and Keurig Dr. Pepper. Whil...

FDA lets Philip Morris market Zyn nicotine pouches as less harmful than cigarettes

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The Food and Drug Administration on Tuesday cleared Philip Morris -owned Zyn nicotine pouches to be marketed as less harmful than cigarettes, giving the tobacco giant a major regulatory win as the Trump administration loosens restrictions on nicotine products. The decision, first reported by Axios , allows 20 Zyn products to carry a modified-risk claim saying that switching from cigarettes to Zyn lowers the risk of mouth cancer, heart disease, lung cancer, stroke, emphysema and chronic bronchitis. Zyn pouches contain nicotine but not tobacco. They are placed between a user's gum and lip and have surged in popularity among conservatives, tech workers and others who promote them as a cleaner alternative to cigarettes and chewing tobacco or a productivity aid. The FDA decision does not mean Zyn is safe. The agency has said there is no safe tobacco product, that youth should not use tobacco products and that adults who do not use tobacco products should not start. Still, the order giv...

Supreme Court reminds America (and Trump) what citizenship is

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The Kroger Co. (KR) Is One Of The Oldest Stocks In Warren Buffett’s Berkshire Hathaway’s Holdings

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The Kroger Co. (KR) Is One Of The Oldest Stocks In Warren Buffett’s Berkshire Hathaway’s Holdings Ramish Cheema Tue, June 30, 2026 at 10:26 AM PDT 2 min read KR The Kroger Co. (NYSE:KR) is one of the 10 Best Long-Term Stocks to Buy Now According to Warren Buffett . Warren Buffett's Berkshire Hathaway held a stake in The Kroger Co. (NYSE:KR) as far back as 2019. It disclosed a $549 million stake in the fourth quarter of 2019 courtesy of holding 18.9 million shares. The number of shares gradually grew and peaked at 61 million shares that were worth $2.7 billion at the end of 2021's fourth quarter. Then, the number of shares held dropped, and after touching 50 million in Q4 2022, they remained at this level since then. However, courtesy of a consistent rise in The Kroger Co. (NYSE:KR)'s average share price, the stake is now worth $3.6 billion. The Kroger Co. (KR) Is One Of The Oldest Stocks In Warren Buffett's Berkshire Hathaway's Holdings Morgan Stanley discussed The...

Fed's Hammack tells CNBC rate hikes may be needed to quell high inflation

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Fed's Hammack tells CNBC rate hikes may be needed to quell high inflation Reuters Tue, June 30, 2026 at 9:27 AM PDT 2 min read June 30 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday it remains possible that she'll advocate for higher interest rates if inflation pressures don't moderate. "We've got inflation that's too high and it's been too high for the past five years," Hammack said in an interview on CNBC. "When I look at policy, if that continues, it may mean that we need higher interest rates to bring inflation back down to target," she said. Hammack, who is a voting member of the interest-rate-setting Federal Open Market Committee this year, declined to say when the threshold for hiking interest rates might be met, noting, "I keep an open mind walking into every meeting. I think every meeting is a live meeting, and it's important to look at the data and see where that's taking us."...

Cleveland Fed President Hammack sees AI fueling inflation, says rate hikes may be necessary

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Cleveland Federal Reserve President Beth Hammack said Tuesday that "insatiable" demand for artificial intelligence infrastructure is fueling inflation. Should that and other pressures continue to keep prices elevated, that could drive the need for higher benchmark interest rates , the central bank policymaker said in a CNBC interview. "We've got inflation that's too high, and it's been too high for the past five years," Hammack told CNBC's Sara Eisen on the sidelines of the European Central Bank Conference in Sintra, Portugal. "When I look at policy, if that continues, it may mean that we need higher interest rates to bring inflation back down to target." Hammack honed in on AI spending, particularly citing a manufacturer in her district involved in electric switching for data centers. "What they say is that the demand is insatiable, that these companies these hyper scalers will pay almost any price for those inputs, and they need thi...

A $400,000 Annuity Guarantees $2,600 a Month for Life, but Here Is the $190,000 Retirees Are Giving Up

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A $400,000 Annuity Guarantees $2,600 a Month for Life, but Here Is the $190,000 Retirees Are Giving Up Carl Sullivan Tue, June 30, 2026 at 7:35 AM PDT 5 min read Quick Read A life-only SPIA on $400,000 pays $2,600 monthly but surrenders roughly $190,000 in residual estate value to the insurer at death. Most of each annuity check is simply return of principal, not yield, and fixed payments lose real value as inflation compounds over decades. Partial annuitization covers only the gap between Social Security and fixed expenses, keeping remaining assets liquid, inheritable, and invested. Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here. A 65-year-old retiree with $400,000 set aside is considering an annuity that pays roughly $2,600 a month, guaranteed for life. That...

America’s stillborn 250th birthday

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Stocks making the biggest moves premarket: AeroVironment, Strategy, Merck & more

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Stocks making the biggest moves premarket: AVAV, MSTR, MRK Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves in the premarket: AeroVironment The drone maker rallied 30% after reporting an earnings and revenue beat. AeroVironment earned $1.84 per share on revenue of $642 million . Analysts polled by LSEG expected a profit of $1.46 per share on revenue of $559 million. Digital Realty Trust The real estate investment trust sank 4.5% after agreeing to purchase a stake in three fully leased data centers from Blackstone for $7.8 billion . Merck , AbbVie Merck shares lost 0.6%, while AbbVie slid 0.5%, after Reuters reported that a U.S. House committee began a probe into whether the drugmakers were involved in trials that took place in China that aided the country's military capabilities. Strategy The crypto proxy stock lost more than 3%, giving back some of Monday's sharp gains...

Shetland set to back £1.5bn plan to connect islands with undersea tunnels

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Image source, Estunlar.fo Image caption, The Faroe Islands serve as the inspiration for the Shetland tunnels project By James Cook , Scotland Editor and John Johnston , BBC Scotland , Reporting from Lerwick Published 29 June 2026 Updated 6 hours ago Undersea tunnels connecting some of the UK's most northerly islands could be in place within eight years, under plans expected to be approved on Tuesday. A feasibility study for Shetland Islands Council proposes replacing ageing ferries with tunnels from Shetland's mainland to Yell and from Yell to Unst, describing them as "economically transformative". Two more tunnels, to the islands of Whalsay and Bressay, could follow under the plans, which are estimated to cost 1.5bn. Council leaders say the tunnels would be cheaper than building new ferries and replacing harbours. The council is expected to explore funding from a mixture of private investment, public subsidy and borrowing, along with tolls covering maintenance costs...