Monday, 7 Jul 2025

Business

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Wall Street dips as investors focus on Middle East, but chipmakers climb

NEW YORK (Reuters) – Wall Street’s major indexes declined on Tuesday as investor caution persisted amid a dispute between the United States and Iran, while energy shares fell as oil prices gave back some recent gains. After the bell, S&P 500 futures fell 1% following reports that rockets were fired at an airbase in Iraq […]

U.S. trade deficit at three-year low as imports tumble

WASHINGTON (Reuters) – The U.S. trade deficit fell to a more than three-year low in November as imports declined further, weighed down by the Trump administration’s trade war with China, and exports rebounded, suggesting solid economic growth in the fourth quarter. The strength in the economy at the tail end of 2019 was underscored by […]

Dollar gains, oil slips as markets focus on Mideast

NEW YORK (Reuters) – The dollar gained, helped by better-than-expected data in the U.S. non-manufacturing sector, and oil prices retreated on Tuesday as investors awaited developments in the U.S.-Iranian stand-off in the Middle East. Gold prices inched higher after earlier backing off an almost seven-year high on Monday, when risk-adverse investors drove demand, while stocks […]

Energy, healthcare stocks drag Wall Street lower

(Reuters) – Wall Street’s main indexes fell on Tuesday, dragged down by oil and healthcare stocks as investors nervously awaited further developments on the U.S.-Iran conflict. Energy stocks .SPNY were down 0.9% as oil prices surrendered gains made over the previous days, while healthcare stocks .SPXHC fell 0.6%, led by Merck (MRK.N) that was hit […]

Bird flu alert after suspected outbreak in Fermanagh – Farming Independent

Farmers have been warned to step up biosecurity measures as a suspected outbreak of bird flu is investigated at a poultry farm in Co Fermanagh. A spokesperson for the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northen Ireland said that officials are investigating the suspected presence of a “notifiable avian disease” (NAD) in […]

Asia stocks rally, oil skids as investors reassess Mideast risk

SYDNEY (Reuters) – Asian shares rebounded on Tuesday as investors’ reassessed the risk of an all-out conflict between the United States and Iran, while Wall Street battled back to the black as tech stocks climbed. Oil surrendered hefty gains as some speculated Iran would be unlikely to strike against the U.S. in a way that […]

Alphabet, Amazon keep S&P afloat as Middle East tensions persist

(Reuters) – Gains for internet giants Amazon and Alphabet helped Wall Street’s S&P 500 index steady following early losses on Monday sparked by rising tensions in the Middle East. After opening about half a percent lower, the benchmark index was trading nearly flat by afternoon trading, helped by high-growth names such as Amazon.com Inc (AMZN.O), […]

Stealth tax rises are adding £1,000 extra to people’s bills this year

Fiscal drag. Two words that mean little to most normal people, but allow the taxman to keep rates the same while increasing takings. A favourite tool of Labour's last prime minister, Gordon Brown, it's now being used by Boris Johnson's Conservatives to stealthily increase the tax take. How does it work? First, income tax bands […]

Money FM Podcast: The future of spacetech in Singapore

TAP/CLICK TO LISTEN: The Breakfast Huddle: The future of spacetech in Singapore 18:39 mins Synopsis: Aliena builds propulsion systems that allow satellites to perform those advanced maneuvers. And just recently, the company received a vote of confidence from Cap Vista, the strategic investment arm of Singapore’s Defence Science and Technology Agency, which led Aliena’s S$1.5 […]