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Daily Economic Reports

Six Decades, One Decision: The UAE Just Walked Out on OPEC — and Changed the Oil World Forever

The Announcement That Stunned ViennaNobody saw it coming — at least not like this. On Tuesday, as OPEC delegates were preparing to gather in Vienna for yet another round of production talks, the United Arab Emirates dropped a bombshell: it was leaving. After nearly six decades of membership in the …

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Wall Street Wobbles: Trump Cool on Iran Deal, OpenAI Stumbles, and Big Tech Earnings Loom

Key Takeaways Mixed futures: S&P 500 futures fell 0.6%, Nasdaq 100 futures slid 1.2%, while Dow futures rose 0.3% as markets digested fresh headwinds. Trump rebuffs Iran offer: The president is reportedly displeased with Tehran’s proposal to reopen the Strait of Hormuz while postponing nuclear talks — a deal-breaker given …

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Bitcoin Stumbles Below $77K: Oil Spike, Hormuz Deadlock, and Central Bank Jitters Drag Crypto Lower

Key Takeaways Renewed pullback: Bitcoin slid 1.1% to $76,919.8 after another failed breakout attempt, having briefly jumped above $79,000 on Monday before encountering profit-taking. Oil pressure intensifies: Brent crude near $110 per barrel — driven by the Hormuz standoff — is fueling inflation fears and sapping risk appetite. Trump skeptical …

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Oil Climbs as Trump Snubs Iran’s Hormuz Offer: Bessent Warns Tehran’s Crude Industry Set to “Collapse”

Key Takeaways Prices push higher: Brent crude rose 1% to $109.34 per barrel, while WTI gained 0.9% to $97.28 — extending Monday’s 2-3% surge. Trump rejects Iran’s offer: Reports from the Wall Street Journal and Reuters reveal the president and his team are skeptical of Iran’s proposal to reopen Hormuz, …

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Procter & Gamble Earnings Beat Forecasts on Strong Sales Recovery and Volume Growth

Strong Quarterly Performance Surprises Wall StreetProcter & Gamble delivered a solid financial performance in the third quarter of fiscal year 2026, exceeding Wall Street expectations on both earnings and revenue. The results were driven by a notable return to volume growth, marking the first expansion in sales volumes over the …

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NVIDIA-Driven AI Demand Powers Micron’s Strong Earnings Momentum

Micron delivered a significantly stronger-than-expected earnings report, reflecting continued strength in demand for advanced memory products tied to artificial intelligence infrastructure. The results showed clear upside versus market expectations, supported by robust pricing and sustained demand from data center customers.Forward guidance also pointed to continued momentum, with management signaling further …

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What New Fed Era Under Warsh Could Mean for Crypto Assets

The nomination of Kevin Warsh as the next Federal Reserve Chair has sparked intense debate across financial markets, with the crypto sector paying particularly close attention. Warsh’s leadership could mark a turning point in how the Fed approaches digital currencies, monetary policy, and the broader financial system. Implications for Crypto …

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