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Economy, Energy

“Oil Holds Above $90 After Middle East Tensions Push Brent Higher”

“…The global benchmark Brent earlier pierced $91 a barrel, before trading little changed. The focus has shifted to a dramatic repricing of geopolitical risk, after Israel increased preparations for a potential retaliation by Tehran to a strike on an Iranian… Continue Reading…

Economy

“…Pentagon says it has no money for Middle East buildup”

“The Defense Department has ordered an additional aircraft carrier strike group, air defenses, fighter jets and hundreds of troops to the Middle East since the surprise terrorist attacks on Israel on Oct. 7, in an effort to prevent the conflict… Continue Reading…

Economy, Energy

“Oil prices fall on signs Hamas-Israel conflict unlikely to broaden, hotter than expected PPI”

“Crude futures fell more than 2% following a hotter-than-expected Producer Price Index inflation print and signs that a conflict between Israel and Hamas may not extend to other countries, namely Iran… “While uncertainty is high, war in Israel is unlikely… Continue Reading…

Stocks

“7 Bank Stocks to Buy for the Dividends”

“East West Bancorp (EWBC)… …EWBC stock surged about 35% from mid-May to mid-June around potential merger rumors. There is certainly volatility here, as evidenced by the big flop for shares in early 2020 immediately after the health crisis roiled markets.… Continue Reading…

Business, Stocks

Boeing shares up after reports about middle east

“Boeing stock traded as much as 3% higher on Thursday after reports that an Iranian missile most likely downed Ukraine International Airlines Flight 752 early Wednesday, challenging the theory that a technical issue caused the crash…” https://markets.businessinsider.com/news/stocks/boeing-stock-price-reports-missile-tech-error-plane-crash-iran-2020-1-1028807374

Business, Economy, Personal Finance

“Finance companies fleeing northeast for lower taxes in Florida”

“Look out Wall Street. Huge financial firms from the northeast are moving en masse to Palm Beach County in search of lower taxes and better weather. And the moves are spelling out big dollars for the local economy. “The harder… Continue Reading…

Business

“Uber is buying its Middle East rival Careem for $3.1 billion”

“Uber is buying the biggest ride-hailing app in the Middle East. In the biggest tech deal the region has ever seen, Uber is paying $3.1 billion for Careem with a mixture of cash and securities that will convert into Uber… Continue Reading…