Report: US Proposes Talks Between Vance and Iranian Parliament Speaker With Turkey as Mediator

'No Hire, No Fire' Economy Continues As Job Cuts Tumble, Claims Near Record Lows U.S.-based employers announced 60,620 job cuts in March, up 25% from 48,307 cuts announced in February. It is down 78% from the 275,240 cuts announced during the same month last year, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas. “Removing the wave of federal layoffs announced in February and March of last year, job cut announcements in 2026 are closely following the pattern of 2025. Last year it was...

Google Dips After Search Revenues Miss; Capex Guidance Awaited As we wrote in our GOOGL preview, according to UBS and JPM analysts, the market would be watching two things above all else when Alphabet became the first hyperscaler to report earnings after the close today: capex guidance and monetization language, as "the debate has shifted from "how big is capex" to "who proves monetization and returns." And yet, in light of the massive expectations for capex growth, the company was facing "downside risk" it it disappointed the buyside bars which were...

US Now Expects Iran War Oil Supply Disruptions To Last Through End Of 2027 At first, the Hormuz lockdown was supposed to last a few weeks, tops. Not any more: the US now expects oil supply disruptions stemming from the US-Iran war to reach about 600,000 barrels per day through the end of next year as the conflict continues to crimp shipments via the critical Strait of Hormuz. Oil transported through the waterway averaged 4.9 million barrels per day in the second quarter of this year, according to estimates from the...