Business conditions continue to deteriorate as economic pressure, high borrowing costs, and weakening consumer demand drive a growing number of companies toward closure and bankruptcy.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
U.S.-based employers announced 97,006 job cuts in May, up 16 percent from the 83,387 job cuts recorded in April, according to outplacement firm Challenger, Gray, and Christmas.
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IRAN SAYS ISRAEL MUST WITHDRAW FROM LEBANON TO END WAR WITH U.S.
Abbas Aragchi, Iran’s top diplomat, said any deal between the U.S and Tehran to end the war must include Israel agreeing to withdraw IDF troops out of Lebanon that have been occupying.
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IRAN REJECTS CEASEFIRE THAT DOES NOT END WAR ON ALL FRONTS
The Islamic Revolution Guards Corps (IRGC) said Thursday that any permanent end to the war against Israel and the U.S. would need to end the fighting on all fronts, which includes Lebanon.
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IRANIANS SAY FU TRUMP, NUCLEAR ENRICHMENT IS THEIR RIGHT
The right for Iran to enrich uranium is inalienable, and there will be no deal with Washington that includes a promise to end the country’s civilian nuclear program, a top Iranian official said in an interview last week.
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ECONOMIC UPDATE
There are two major forces driving the equity markets, the Iran War and the AI boom.
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SPOTLIGHT: PRIVATE CREDIT FUNDS’ PROBLEMS MOUNT
Like high-flying special-purpose acquisition companies, which were a fad in 2021 and 2022, the private credit industry’s heyday is over for the near future.
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NEARLY 70 PERCENT OF AMERICANS WANT THE IRAN WAR TO END AS SOON AS POSSIBLE, SURVEY FINDS
A newly released The Economist/YouGov poll found that 68 percent of Americans believe that the Trump administration should end the Iran War as soon as possible, and that 60 percent of those polled say they oppose the war.
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WE ARE INSIDE A FULL-SPECTRUM CRISIS. AND THIS IS WHAT’S NEXT
Global oil inventories risk has reached critical low levels before peak summer demand.
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IRAN VOWED TO DEFEND LEBANON IF ISRAEL VIOLATED CEASEFIRE AGAIN
Iran on Sunday made good on its promise to defend Lebanon if Tel Aviv continued to carry out airstrikes on the country and launched a ballistic missile barrage towards Israel after the IDF struck Dahiyeh, a Beirut suburb, which resulted in at least two deaths.