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FOX Business’ Lauren Simonetti reports on Iranian attacks on cargo ships in the Strait of Hormuz, the impact on oil and and the economy on ‘Varney & Co.’ Lufthansa is cutting roughly 20,000 short-haul flights this summer, citing a spike in jet fuel prices that has rendered many routes “unprofitable” as the global aviation industry grapples with rising costs. The German carrier said Tuesday the cuts, which will run through October, are expected to save about 40,000 metric tons of jet fuel. The airline noted that fuel prices have roughly doubled since the outbreak of the Iran war.”In total, 20,000…

Summary The Office of the Comptroller of the Currency (OCC) today published the spring 2026 edition of the Interest Rate Risk Statistics Report. The report presents interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations (collectively, banks). The statistics are for informational purposes only and do not represent OCC-suggested limits or exposures. Rescissions This bulletin rescinds OCC Bulletin 2025-33, “Interest Rate Risk: Interest Rate Risk Statistics Report,” which transmitted the fall 2025 report. Note for Community Banks The publication is for informational purposes only. Highlights The spring 2026 report provides statistics on…

Make CryptoSlate preferred on Bitcoin is accelerating toward the $80,000 threshold as market participants navigate a complex intersection of Middle Eastern geopolitics, shifting monetary policy regimes, and a heavily skewed derivatives market.Data from CryptoSlate shows that the digital asset’s surge from recent lows was driven by the temporary diplomatic relief between the US and Iran.However, the underlying structural data suggests the current price action is as much about forced liquidations as it is about macroeconomic optimism.Ceasefire relief lifts Bitcoin, but Hormuz risk stays in playThe immediate catalyst for the market’s recovery was President Donald Trump’s Tuesday announcement extending the United…

The S&P 500 hit new all-time highs on Wednesday. The rally could continue amid a strong Q1 earnings season. However, investors must be careful about which stocks to buy given stretched valuations. The reached a new record on Wednesday, closing at 7,137.90 after rising 1.05% during the day. The market has been strong, with gains in 13 out of the last 16 trading sessions. Since its recent low on March 30, the index has climbed about 13%. Two main reasons drove this rise. First, Donald Trump extended the ceasefire with Iran without setting an end date, which reduced worries about…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxJaiDee, a joint venture between DeeAlpha and Seedflex, has launched Pay-As-You-Sell Advance in Thailand, a revenue-linked merchant financing product for small and medium enterprises (SMEs).The service offers working capital based on verified sales history, with repayments made through a fractional deduction from future sales instead of fixed monthly instalments.JaiDee said the product operates under Bank of Thailand regulatory standards and uses DeeMoney’s financial infrastructure, while Seedflex provides the technology behind the dynamic repayment engine.Merchants can apply fully online, with pre-approval based on verified sales data.The service is also…

“I currently make $145,000, and my wife makes $98,000.”

Taxes on workers in Britain rose at the fastest rate among the world’s richest economies last year, according to the Organisation for Economic Cooperation and Development.With Labour under pressure on the economy amid the Iran war, the OECD said a key measure of the total tax paid by workers and their employers rose by the most in the 38-member club of rich nations in 2025.In its annual study of taxes on work across the developed world, the Paris-based organisation said Britain’s “tax wedge” – which estimates total taxes on labour paid by employees and employers, minus cash benefits received by…

TE forecasts higher profit but warns of price hikes due to Iran war

An attempt to bridge 19.6 WBTC away was intercepted and blocked by the protocol, thereby removing the assets from the attacker’s control. Volo Protocol, a liquid staking platform built on the Sui network, reported a security breach that led to the loss of approximately $3.5 million from its vaults, according to an official update shared by the team. The exploit impacted three vaults holding assets in WBTC, XAUm, and USDC. Recovery Efforts Intensify In an official update, the protocol said it detected the attack and responded immediately by notifying the Sui Foundation and other ecosystem partners, while also freezing…

Airbnb is overhauling its stagnated hospitality and rental businesses, priming its shares for a big bounce, according to Wells Fargo. The bank upgraded the short-term rental name to overweight from equal weight. It also raised its price target on shares to $178 from $136, implying 24.8% upside from Tuesday’s close. “Accelerating pace of innovation makes upside options a reality,” analyst Ken Gawrelski said Wednesday in a note to clients. “ABNB at a significant business inflection, in our view, emerging from 2 years of decelerating growth and compressing margins to accelerating growth and expanding margins ’26 -’28.” In early 2025, Airbnb…