Category
Global
Stories and analysis from The Business Now newsroom.
Global
WSOP Main Event Down to Two: 22-Year-Old Lucas Jumalon Leads With $10 Million and Poker History on the Line
WSOP Main Event Down to Two: 22-Year-Old Lucas Jumalon Leads With $10 Million and Poker History on the Line The 2026 World Series of Poker Main Event has reached its final showdown, with just two players remaining and a life-changing $10 million first prize separating them from poker immortality. Twenty-two-year-old Lucas Jumalon enters heads-up play...
Commodities
Trump Demands Answers From Hegseth Over U.S. Weapons Shortages as Iran War Strains Pentagon Stockpiles
Trump Demands Answers From Hegseth Over U.S. Weapons Shortages as Iran War Strains Pentagon Stockpiles The widening conflict with Iran is putting new pressure on the Pentagon as President Donald Trump has reportedly demanded answers from Defense Secretary Pete Hegseth over shortages of critical U.S. weapons and the military’s ability to sustain operations. The reported...
Commodities
Trump’s $100 Billion Tariff Refunds Are Pouring Back Into Corporate America—But Where’s the Money for Consumers?
Trump’s $100 Billion Tariff Refunds Are Pouring Back Into Corporate America—But Where’s the Money for Consumers? The U.S. government has now refunded roughly $100 billion collected under Donald Trump’s former “Liberation Day” tariffs, turning a major trade-policy reversal into a massive financial event for American importers. The refunds follow the Supreme Court’s February 2026 ruling...
Business
Oil Prices, Fed Rate Cut Bets, and Iran Sanctions Collide—Why Global Markets Just Entered a Critical Turning Point
Oil Prices, Fed Rate Cut Bets, and Iran Sanctions Collide—Why Global Markets Just Entered a Critical Turning Point A series of major developments in the U.S. economy and global energy markets unfolded within hours, creating one of the most significant trading sessions in recent weeks. Weaker-than-expected private hiring, a sharp rise in U.S. crude oil...
Commodities
Trump Gives Iran a “Last Chance” as Hormuz Deal Moves Closer — But Tehran Wants Control of the Vital Oil Route
Trump Gives Iran a “Last Chance” as Hormuz Deal Moves Closer — But Tehran Wants Control of the Vital Oil Route President Donald Trump is warning Iran that time is running out for a deal as diplomatic efforts intensify over the Strait of Hormuz, one of the world’s most important energy chokepoints. Iran and Oman...
Business
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets The July 5 economic calendar brings a concentrated run of European and U.S. economic data, with services activity, producer prices, private-sector employment and U.S. oil inventories all scheduled to hit the market. Traders will be watching the data closely for potential signals...
Commodities
Iran Considers European Role in Strait of Hormuz—What It Means for Global Oil Prices
Iran Considers European Role in Strait of Hormuz — What It Means for Global Oil Prices Iran is weighing a possible European role in efforts to restore shipping through the Strait of Hormuz, adding another layer to increasingly complex negotiations over the strategic oil chokepoint. Any arrangement that gives European countries a role in securing...
Business
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets U.S. Secretary of State Marco Rubio says negotiations over the Strait of Hormuz are making progress, but no final agreement has been reached yet. The uncertainty is keeping global oil markets on edge, even as crude...
Business
Oil Drops Near $80 as Strait of Hormuz Reopening Sparks Major Market Shift
Oil Drops Near $80 as Strait of Hormuz Reopening Sparks Major Market Shift Oil prices are sliding sharply as hopes for a U.S.-Iran agreement and a possible reopening of the Strait of Hormuz ease fears of prolonged supply disruption, sending a fresh shock through global energy markets. Brent crude fell about 4% on Tuesday, reaching...