U.S. consumer prices rose in line with expectations in February, suggesting inflation pressures remained relatively stable despite ongoing economic uncertainty. According to data released by the U.S. Labor Department on Wednesday, the Consumer Price Index (CPI) increased 2.4% year-on-year in February, matching both the previous month’s reading and economists’ forecasts. …
Read More »Oil Falls as IEA Plans Record Emergency Reserve Release Amid Iran Conflict
Oil prices declined in Asian trading on Wednesday after reports that the International Energy Agency (IEA) is preparing the largest emergency oil reserve release in its history to counter supply disruptions caused by the ongoing conflict involving Iran. By 00:55 ET (05:55 GMT), Brent crude futures for May delivery dropped …
Read More »Bitcoin Slips Below $70K as Markets Monitor Iran Conflict, Await U.S. CPI Data
Bitcoin edged lower in Asian trading on Wednesday, slipping back below the $70,000 level as investors remained cautious amid ongoing tensions in the Middle East and awaited key U.S. inflation data due later in the day. The world’s largest cryptocurrency was last down 0.5% at $69,583.5 by 01:55 ET (05:55 …
Read More »Oil Prices Plunge After Trump Calls Iran War “Very Complete”
Oil Falls as IEA Considers Record Emergency Reserve Release Amid Iran War Oil prices declined in Asian trading on Wednesday after a report suggested the International Energy Agency (IEA) could release a record amount of emergency oil reserves to help offset supply disruptions caused by the ongoing Iran conflict. By …
Read More »Gold Edges Higher Above $5,200 as Markets Weigh Iran War Signals, Await U.S. Inflation Data
Gold prices ticked slightly higher in Asian trading on Wednesday as investors navigated mixed signals surrounding the ongoing U.S.-Israel conflict with Iran, while also monitoring disruptions in global energy markets and the possibility of a near-term end to the war. Spot gold rose 0.2% to $5,204.29 per ounce by 01:17 …
Read More »Oil Prices Plunge After Trump Calls Iran War “Very Complete”
Oil and gas markets experienced dramatic swings this week after US President Donald Trump described the war in Iran as “very complete, pretty much.” Crude prices, which had nearly reached $120 per barrel amid supply fears, dropped below $90 following his remarks, offering a momentary reprieve for global markets.Strait of …
Read More »Anthropic Fights Back: AI Startup Challenges US Government Blacklist
Workers from OpenAI and Google have stepped up to support Anthropic in its legal battle after being blacklisted by the US Department of War. The move comes after Anthropic refused to allow its technology to be used for domestic mass surveillance or fully autonomous weapons.Challenging an Unprecedented DesignationAnthropic filed two …
Read More »FOMC Preview: What to Expect from the March Meeting
As the Federal Reserve prepares for its March 18, 2026 meeting, all eyes are on whether policymakers will finally move toward cutting interest rates. The short answer: not yet. Rates Stay Put—for NowThe Fed is widely expected to keep short-term interest rates in their current range of 3.5% to 3.75%. …
Read More »CPI Watch: Markets Seek Signals on U.S. Inflation Momentum
Global markets are turning their attention to the upcoming U.S. inflation report, one of the most closely watched economic indicators this week. Investors are trying to gauge whether price pressures in the American economy are continuing to cool or beginning to reaccelerate, especially as geopolitical tensions in the Middle East …
Read More »Oil Shocks and Geopolitics Keep Wall Street Cautious
U.S. stocks managed to hold their ground on Tuesday as investors awaited clearer signals on how long the ongoing conflict with Iran might last. The S&P 500 rose 0.3%, while the Dow Jones Industrial Average gained 210 points (0.4%) and the Nasdaq climbed 0.6%. After a volatile Monday driven by …
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