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Middle East Turmoil

All articles tagged with #middle east turmoil

finance2 years ago•9 min saved

"US Stock Market Holds Steady as Investors Await Federal Reserve Decision"

US stocks wavered in afternoon trading as investors weighed fresh consumer confidence data ahead of the Federal Reserve's upcoming policy decision. The S&P 500 and Dow Jones Industrial Average reversed earlier losses to trade slightly higher, while the tech-heavy Nasdaq Composite declined. Bonds rallied after the US Treasury cut its estimate of borrowing needs, easing pressure on stocks. The Federal Reserve's decision on interest rates is highly anticipated, with investors focused on whether rates will be held steady or hiked. Meanwhile, the World Bank warned that the conflict in the Middle East could disrupt global oil supply and drive prices up by as much as 75%.

via Yahoo Finance|

#consumer-confidence #federal-reserve #finance

politics2 years ago•4 min saved

Senate Republicans Criticize Biden's Choice for Israel Ambassador

Senate Republicans are expressing reservations about President Joe Biden's nominee, Jack Lew, for the position of U.S. Ambassador to Israel. During his confirmation hearing, Lew faced tough questioning from Republicans regarding his involvement in the Iran nuclear deal during the Obama administration. While Republicans may not be able to prevent Lew's confirmation, they can slow down the process. Democratic leaders argue that the nomination needs immediate action due to the ongoing conflict between Israel and Hamas. Lew defended his record on Israel and Iran, emphasizing his support for Israel's security needs. However, Republicans remain concerned about his past support for the Iran deal.

via POLITICO|

#iran-nuclear-deal #jack-lew #middle-east-turmoil

finance2 years ago•3 min saved

Investors Weigh Middle East Turmoil, European Markets Show Mixed Results

European markets closed higher as investors assessed the turmoil in the Middle East, with the pan-European Stoxx 600 index ending up 0.2%. Retail stocks rallied, while healthcare stocks dropped. The Bank of England's chief economist stated that there is still work to be done to get national inflation back to its 2% target. Meanwhile, European equity markets opened higher despite ongoing Middle East turmoil. Goldman Sachs predicts that a global tech stock will soar as "gaming-as-a-service" takes off. Additionally, experts suggest investment strategies for those looking to retire in around five years' time.

via CNBC|

#bank-of-england #european-markets #finance

cryptocurrency2 years ago•1 min saved

Crypto Traders Face Massive Losses as Bitcoin Price Plummets Amid Middle East Crisis

Cryptocurrency traders suffered over $100 million in liquidation losses as digital asset prices plummeted amid escalating tensions in the Middle East. Long positions worth $105 million were wiped out, with ETH derivatives traders experiencing the largest losses. Bitcoin, ether, solana, Polygon's native token, and Polkadot all saw significant declines before rebounding slightly. Liquidations occur when traders fail to meet margin requirements or lack sufficient funds to keep positions open.

via CoinDesk|

#bitcoin #crypto-traders #cryptocurrency