Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria.
.
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza.
.
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza.
.
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Caitlyn Jenner is popping off about the ongoing pro-Palestine protests at college campuses across the country -- and she's got a strong take ... ship these folks.. TMZ.com
Antony Blinken, the U.S. Secretary of State, has initiated a series of discussions with Israeli leaders to address the issue of increasing humanitarian aid into Gaza. Simultaneously, he has been urging Hamas, the Palestinian militant group, to accept a proposed deal aimed at securing the release of hostages and achieving a ceasefire. Following his visits to Riyadh and Amman earlier in the week, Blinken is now in Israel, the final stop of his broader Middle East tour. Reports indicate that Blinken is currently meeting with Prime Minister Benjamin Netanyahu in Jerusalem. This marks Blinken's seventh visit to the region, which has been engulfed in conflict since October 7th when Hamas launched an attack on Israel. Blinken's main focus during his time in Israel is to pressure the Israeli government into taking specific actions to enhance the flow of humanitarian aid into Gaza. He emphasised the need to address the suffering of the people in Gaza amidst the ongoing crossfire instigated by Hamas, while also striving to secure a ceasefire and the release of hostages.
#BlinkenInIsrael #GazaAid #Netanyahu #IsraelHamasWar #Ceasefire #GazaCeasefire #AidMeasures #PressingForAction #MiddleEastDiplomacy #HumanitarianEfforts
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McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
The company saw same-store sales rise by
1.9% worldwide between January and March,
below the Wall Street forecast of 2.1%.
Increased menu pricing and delivery demand
saw same-store sales in the U.S. increase by 2.5%.
In international markets, sales fell
by 0.2% for the first time since 2020.
Despite this, McDonald's said the company's revenue
increased 5% to reach $6.17 billion, while net income went
up 7% to $1.93 billion, in-line with Wall Street estimates.
'The Independent' reports that Muslim-majority
markets like Indonesia, Malaysia and the Middle East
have been boycotting McDonald's for months.
The boycotts started after a McDonald's franchise in
Israel announced in October that it would provide free
meals for Israeli troops amid the ongoing war in Gaza.
In the months since then, the company has tried to limit
the fallout by taking over all 225 McDonald's in the country
with the purchase of Alyonal Limited, its Israeli franchise.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'
Credit: Wibbitz Top Stories Duration: 01:30Published
Bliken was speaking in Saudi Arabia ahead of a visit to Israel this week, in what will be his seventh to the Middle East since the Israel Hamas war started in October.
Credit: euronews (in English) Duration: 01:27Published
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UCLA became a flashpoint Tuesday night ... with anti-Israel protesters turning violent. Firecrackers were thrown, pepper spray saturating people, as people in.. TMZ.com
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Trumpās Social Media Company , Sues Co-Founders.
Trump Media & Technology Group filed a
lawsuit against co-founders Wesley Moss and Andrew Litinsky on March 24, ABC News reports.
The suit came two days before shareholders approved a merger that allowed the
company to begin trading on the Nasdaq.
The lawsuit alleges that the two men
"failed spectacularly" to lead the company and made "reckless and wasteful decisions"
that resulted in "significant damage.".
Trump Media wants the co-founders to give up
their shares of the company, among other things. .
TMTG has been forced to file this action
to remedy the harm inflicted upon it by two
faithless fiduciaries and a company they own --
Wesley Moss, Andrew Litinsky, and
[United Atlantic Ventures] -- and to halt their
ongoing attempts to do even more damage, Via lawsuit.
Moss and Litinsky's company,
United Atlantic Ventures, owns 5.5%
of Trump Media, according to the SEC.
That amounts to 7,525,000 shares
which are worth about $388 million.
Donald Trump's stake in the company
is currently valued at over $4 billion.
Since going public last week,
the stock has been very volatile. .
At one time, shares peaked over $79.
On April 1, they plunged by 21%.
Shares recovered slightly on April 2
Credit: Wibbitz Top Stories Duration: 01:30Published
Truth Social Soars Nearly 50% , in First Day on Nasdaq.
The former president's social media company began trading on the Nasdaq on March 26, AP reports. .
Digital World Acquisition Corp. acquired Trump Media & Technology Group Corp., which runs Truth Social, on March 25.
Trump Media has taken the place
of Digital World on the Nasdaq. .
On March 25, Trump said, "Truth Social is doing
very well. It's hot as a pistol and doing great.".
Trump Media's market value was roughly
$6.8 billion prior to trading, AP reports. .
Shares were up 47% at $73.50
just before 10 a.m. ET.
Truth Social's ticker symbol is "DJT.".
Trump launched Truth Social in 2022 after being banned from Twitter and Facebook. .
The social media platform had approximately 5 million users in February, according to research firm Similarweb.
Investors could be in for
a bumpy ride, AP reports.
In a regulatory filing, Trump Media said that it āis highly dependent on the popularity and presence of President Trump.ā.
If Trump were to distance himself from the
company, perhaps for reasons such as campaigning
for presidency, Trump Media āwould be
significantly disadvantaged,ā the filing states. .
Similarly āan adverse outcome in
one or moreā of the cases in which the
former president is embroiled could harm
the success of Trump Media and Truth Social.
Credit: Wibbitz Top Stories Duration: 01:31Published
Fabric and Craft Retailer Joann , Files for Bankruptcy.
The 81-year-old company made the announcement on March 18, CNN reports. .
The retailer has also secured $132 million
in new funding to cut its debt in half.
Joann's 850 stores and website
will remain operational. .
This agreement is a significant
step forward in addressing
Joannās capital structure needs, , Scott Sekella, Joann's chief financial officer, via statement .
... and it will provide us with the
financial resources and flexibility
necessary to continue to deliver
best-in-class product assortments... , Scott Sekella, Joann's chief financial officer, via statement .
... and enhance the customer
experience wherever they
are shopping with us, Scott Sekella, Joann's chief financial officer, via statement .
The Nasdaq has delisted Joann's stock. .
The company will become privately owned after the bankruptcy process.
The bankruptcy of Joann has been
looming for a long time and was always
a matter of when, rather than if, Neil Saunders, managing director and
retail analyst for GlobalData, via note.
The bankruptcy process will now
allow the arts and crafts chain
to receive an infusion of cash at
the same time as streamlining its
operations and reducing debt levels, Neil Saunders, managing director and
retail analyst for GlobalData, via note
Credit: Wibbitz Top Stories Duration: 01:30Published
France's foreign minister announced plans to engage in discussions with Lebanese officials on Sunday to address tensions between Hezbollah and Israel and prevent potential conflict. Earlier this year, Foreign Minister Stephane Sejourne proposed a plan that involves Hezbollah pulling back 10 km from the Israeli border while Israel halts strikes in southern Lebanon. This proposal, discussed with partners including the U.S., aims to maintain momentum amid Israeli threats of military action in southern Lebanon. Tensions have escalated, particularly following Iran's missile strikes on Israel in response to events in Syria, leading to increased exchanges between Israel and Hezbollah.
#France #Lebanon #Hezbollah #Israel #WarPrevention #MiddleEast #Diplomacy #ConflictResolution #PeaceEfforts #InternationalRelations
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Multiple rockets launched from Iraq's Zummar targeted a U.S. military base in northeastern Syria, marking the first such attack since February. This assault coincided with Iraqi Prime Minister al-Sudani's return from the U.S., prompting concerns over escalating tensions. Kataib Hezbollah announced the resumption of attacks on U.S. forces in Iraq due to perceived stalled negotiations.
#usmilitaryattacked #usmilitaryattackedsyria #usarmyattacked #usarmyattackediniraq #IsraelIran #Iran #Khamenei #Hezbollah #Worldnews #Oneindia #Oneindia news
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Israel responded to recent drone and missile assaults allegedly triggered by an earlier strike on Iran's embassy in Syria. Commercial flights rerouted over western Iran amid reports of explosions. Despite intercepting most threats, tensions persist. US pledges diplomatic efforts against Iran amid escalating regional confrontations with Iran-aligned groups.
Stay Tuned at Oneindia English for Latest News and Updates!!
#israelattacksiran #israelattacksiran2024 #israelattacksiranembassy #israelattacksiran2024live #israelattacksiran2024 #israelattacksiran2024live #israelattackiranconsulateindamascus #Tehran #Worldnews #Oneindia #Oneindianews
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World Leaders Ask Israel , Not to Retaliate for Iranian Attack.
On April 13, Iran launched hundreds
of drones and missiles at Israel.
The attack came after two Iranian
generals were killed in "a suspected
Israeli strike in Syria" on April 1, AP reports. .
99% of Iran's drones and missiles were intercepted by Israel, according to a military spokesperson. .
World leaders are cautioning
Israel to show restraint and resist
retaliating against Iran, AP reports. .
Now is the time to be smart
as well as tough, to think
with head as well as heart, David Cameron, British foreign secretary, via statement.
We cannot afford another front
in the Middle East. There would only
be losers, in the region and beyond, Alexander Schallenberg, Austriaās foreign minister, via statement.
German Chancellor Olaf Scholz called Israel's ability to intercept Iran's attack "really impressive" and urged the country to "contribute to de-escalation.".
This is a success that perhaps also
should not be thrown away. Hence
also our advice to contribute to
de-escalation themselves, Olaf Scholz, German chancellor, via statement.
Kenya urges Israel to show utmost restraint
taking into account the urgent need for all
parties to walk away from the brink beyond
which recovery will be enormously difficult. , William Ruto, president of Kenya, via statement.
We have condemned, we have
intervened, we will do everything
to avoid an escalation, an inferno, Emmanuel Macron, president of France, via statement.
Now is the time to defuse
and de-escalate. Now is the
time for maximum restraint, AntĆ³nio Guterres, U.N. secretary-general, via statement.
While on a phone call with Israeli Prime Minister
Benjamin Netanyahu, President Joe Biden
also condemned a retaliatory strike, saying,
"You got a win. Take the win," a senior official said. .
While on a phone call with Israeli Prime Minister
Benjamin Netanyahu, President Joe Biden
also condemned a retaliatory strike, saying,
"You got a win. Take the win," a senior official said.
Credit: Wibbitz Top Stories Duration: 01:31Published
In a significant escalation of tensions, Iran carried out its first-ever direct attack on Israel, unleashing over 300 explosive drones and missiles on Saturday (April 13). Termed as "Operation Truthful Promise" by Iran, the strikes were reportedly in retaliation to an Israeli attack on the Iranian embassy in Syria earlier in the month. This aggressive move has intensified hostilities between the two nations and raised concerns about further destabilisation in the region.
#IsraelIranConflict #UNSC #WorldAction #IranAttacks #SecurityCouncil #MiddleEastTensions #GlobalConcern #Diplomacy #PeaceEfforts #InternationalSecurity
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Iranian Foreign Minister Hossein Amirabdollahian announced that the crew of a Portuguese-flagged ship, allegedly linked to Israel and including Indian nationals, has been granted consular access and is expected to be released. This information, reported by Reuters citing Iranian media, sheds light on the situation surrounding the container vessel MSC Aries, which had a crew of 25 members, including 17 Indians. Notably, one of the Indian crew members, Ann Tessa Joseph, was released and returned home on April 18. The seizure of MSC Aries by Iran's Revolutionary Guards occurred in the Strait of Hormuz on April 13, shortly after Tehran declared its intent to retaliate for a suspected Israeli strike on its consulate in Damascus.
#Iran #MSCAries #RedSeaAttacks #IranIsraelConflict #HouthiAttack #ShipSeizure #CrewRelease #IndianCrew #IsraelLink #StraitOfHormuz #MaritimeIncident #DiplomaticResolution #InternationalRelations
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The Israeli ambassador to the UK says Israel does not have the option to ignore Iran's attack as "it's basically asking for the next attack".
Speaking to ITV News, Tzipi Hotovely also denied suggestions that Israelās initial attack on the Iranian consulate in Damascus, provoked the response from Iran. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
In an unprecedented move, Iran launched a retaliatory attack against Israel on Saturday (April 13), following an Israeli airstrike on its consulate in Damascus on April 1, resulting in the deaths of seven officers. While tensions escalated, Israeli residents in Jerusalem voiced their reluctance for a war with Iran. Despite the attack, a report from the news agency Reuters indicated that Israel experienced only modest damage and subsequently reopened its airspace.
#iranisrael #iranisraellivestream #iranisraelwarnewstodaylive #iranisraelwar #iranisraelwarfootage #israeliranyudh #iranisraelconflict #Oneindia #Oneindianews
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This is the moment Iran launched more than 300 drone and missile attacks on multiple cities in Israel for the first time. Tehranās attack is in retaliation to an airstrike on an Iranian diplomatic building in Damascus, Syria which killed two generals and several of Iranās Islamic Revolutionary Guard Corps (IRGC) officers earlier this month. Iran told local media that the attack āachieved all its objectivesā, and warned it would use greater force if Israel retaliates. Israel hailed its successful air defences, claiming that it and its allies intercepted most targets. Its military also said that one child had been injured. Report by Bangurak. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Israeli Prime Minister Benjamin Netanyahu vowed on Sunday that his country would emerge victorious after the military reported successfully intercepting almost all of the more than 300 drones and missiles launched by Iran, marking a significant escalation in the Middle East conflict. Tehran's attacks, launched in retaliation for a suspected Israeli airstrike on its embassy compound in Damascus on April 1 that resulted in the deaths of officers from the elite Islamic Revolutionary Guard Corps, have heightened the risk of a broader regional conflict.
#Iran #Israel #IranStrikesIsrael #IranDroneAttack #IsraelDroneAttack #BenjaminNetanyahu #JoeBiden #IsraelIronDome #IsraelIranConflict #MiddleEastTensions
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O.J. Simpson's official cause of death has been revealed ... one of the most infamous, high-profile Americans of all-time died from prostate cancer, TMZ has.. TMZ.com
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
Millennials Want a 4-Day Workweek, , Poll Indicates.
Redfield and Wilton Strategies recently conducted a poll for 'Newsweek' to find
out how Americans feel about the idea of moving toward a four-day workweek.
4,000 U.S. voters were
surveyed between April 6 and 7.
63% were in favor of a four-day workweek.
46% think the model makes
employees more productive.
Out of all age groups surveyed,
millennials accounted for 74% of those
who want to work less hours.
Of that 74%, 44% "were strongly in favor of a shorter working week," 'Newsweek' reports.
50% of people born in 1964 and before supported a four-day workweek.
The results come as more companies are adopting shorter workweeks, and politicians are pushing to advance the trend in Congress.
The results come as more companies are adopting shorter workweeks, and politicians are pushing to advance the trend in Congress.
The sad reality is, Americans now
work more hours than the people
of most other wealthy nations, Bernie Sanders, via March 2024 health committee hearing.
Lisa Countryman-Quiroz, CEO of non-profit JVS, called a 5-day, 40-hour workweek outdated.
The five-day workweek was created in a
different time. It served its purpose, but
today's world is more fast-paced and
technology-driven than our workplace
predecessors could have imagined, Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'.
Since implementing a
four-day workweek, our
results have been incredible. , Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'.
We've found our employees are more
productive, report better work-life balance,
and experience less burnout. Incredibly, our
turnover rate has been cut nearly in half, Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants.
Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants.
NBC reports that President Joe Biden will mark
Earth Day with the announcement of $7 billion
in federal grants for residential solar projects.
NBC reports that President Joe Biden will mark
Earth Day with the announcement of $7 billion
in federal grants for residential solar projects.
The grants will bring solar energy
to over 900,000 households in both
low- and middle-income communities. .
According to senior administration officials, the
projects receiving additional funding will reduce emissions
by 30 million metric tons and save $350 million every year. .
According to senior administration officials, the
projects receiving additional funding will reduce emissions
by 30 million metric tons and save $350 million every year. .
NBC reports that solar power has gained
traction as a clean energy source that could
help reduce U.S. reliance on fossil fuels.
However, the high cost of initial installation
makes solar energy inaccessible
for many households in the U.S.
However, the high cost of initial installation
makes solar energy inaccessible
for many households in the U.S.
49 of the new grants will be awarded at
the state level, six more will serve Native American
tribes and another five are multi-state awards.
The grants will be used for renewable
investments that include rooftop solar
and community solar gardens. .
The grants will be used for renewable
investments that include rooftop solar
and community solar gardens. .
Officials say that the latest environmental
announcements are part of an effort to energize
young voters ahead of his upcoming reelection campaign.
Biden also reportedly plans to expand the
American Climate Corps green jobs training program,
which was created last year by executive action. .
Biden also reportedly plans to expand the
American Climate Corps green jobs training program,
which was created last year by executive action. .
The corps, which will offer nearly 2,000 positions across
36 states, is meant to offer young Americans the chance
to help enact the Biden administration's climate agenda. .
The corps, which will offer nearly 2,000 positions across
36 states, is meant to offer young Americans the chance
to help enact the Biden administration's climate agenda.
Credit: Wibbitz Top Stories Duration: 01:31Published
March Retail Sales , Exceeded Expectations.
New Commerce Department data surprised
some analysts on April 15, 'The Hill' reports. .
The agency's latest estimates indicate
that March retail sales increased by 0.7%.
They were only expected
to rise 0.3% last month.
While sales exceeded estimates for March, the jump
was still below the 0.9% increase in February.
Compared to the same time last year, total sales
for the first three months of 2024 were up 2.1%.
On April 10, the Labor Department released data showing that inflation rose last month. .
The consumer price index (CPI)
increased 0.4% in March and 3.5% annually.
In February, consumer prices
increased 3.2% year-over-year. .
Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
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