Author: Staff

World Economy

Iranians are more worried about their battered economy than a war with the U.S. – The Washington Post

Iranians are more worried about their battered economy than a war with the U.S.  The Washington Post

Iranians wait for a bus in Tehran. Many residents in Tehran say U.S. sanctions have contributed to inflation and shortages of food.Getty Images Iranians have been growing increasingly anxious amid threats of military action by the Trump administration but say they are already struggling with daily life in a war economy regardless of whether there’s a war. Many Iranians consider themselves to be on a war footing, thanks to an economy battered by a year of U.S. sanctions that have contributed to inflation and shortages of medicine and other vital goods — without any sense that relief is comin…

Stock News

Dow drops more than 350 points after Trump threatens new tariffs on Mexico, posts 6-week slide – CNBC

Dow drops more than 350 points after Trump threatens new tariffs on Mexico, posts 6-week slide  CNBC

Stocks fell on Friday as investors feared President Donald Trump’s surprise threat of tariffs on all Mexico imports, amid a worsening trade war with China, could risk sending the U.S. economy into a recession. The Dow Jones Industrial Average closed 354.84 points lower at 24,815.04, while the S&P 500 slid 1.3% to 2,752.06. The Nasdaq Composite dropped 1.5% 7,453.15. The S&P 500 ended the month down 6.6% as volatility spiked after trade talks fell apart with China and rhetoric on both sides worsened in May. “President Trump’s latest trade bombshell … might turn out to be a short-lived threat…

Stock News

Stock Market News: Software-as-a-Service Stocks Diverge as Okta Soars, Nutanix Plunges – The Motley Fool

Stock Market News: Software-as-a-Service Stocks Diverge as Okta Soars, Nutanix Plunges  The Motley Fool

Friday morning was another downer for investors, as the latest U.S. move on the trade front once again disappointed market participants who had wanted to see a less confrontational resolution to disputes with key trading partners. News that importers would have to start paying 5% tariffs on Mexican goods early next month brought a new escalation to concerns within the Americas, only adding to tensions caused by similar aggressions against China. As of 11:40 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 198 points to 24,972. The S&P 500 (SNPINDEX: ^GSPC) dropped 24 po…