Bitcoin holds at $105K as views vary on the future of oil prices
Bitcoin and Market Reactions to Geopolitical Tensions Key Points: Bitcoin has bounced back from dipping below $103,000 amid rising tensions in the Israeli-Iran conflict. While oil prices dominate the day’s headlines, opinions on future trends vary among analysts. Some forecasts suggest that Bitcoin’s recent rebound could lead to significant changes, potentially preventing further losses. On […]
Increasing median home prices could push many Americans out of the market.
Homeownership Faces Rising Challenges It seems like homeownership is gearing up to require more sacrifices than ever, perhaps even a second salary. A recent analysis using Redfin’s housing data illustrates some concerning trends for the next decade. By 2030, the projected median home price is set to reach around $615,103 nationally, while income growth struggles […]
Oil and gold prices rise as stocks decline following attacks on Iran by Israel.
Francross, a senior market strategist at Angel Oak Capital Advisor, talked about how the recent geopolitical tensions—specifically, the Israeli attacks on Iranian nuclear facilities—are affecting market dynamics. Following the assaults, there was a noticeable shift among investors, many of whom sought refuge in safer investments like gold and US stocks. Overall, the three major US […]
Reasons behind Saudi Arabia’s efforts to lower crude oil prices
Last month, a significant drop in Brent crude prices came after Saudi Arabia and other OPEC Plus members announced their first reductions in four years, marking the second consecutive year for this action. Many may interpret this as an effort to appease President Trump, who has emphasized the need for cheaper oil for his supporters. […]
Oil prices rise following Israeli attacks on Iranian nuclear sites
Rep. Jay Obernolte from California spoke with Maria during morning news to discuss the recent Israeli attacks on Iranian military targets and how these relate to prior warnings from Donald Trump. On Friday, oil prices surged following Israeli strikes on Iran’s nuclear installations. The U.S. West Texas intermediate price climbed about 6%, reaching $72 per […]
Dow futures drop by 400 points, oil prices surge following Israel’s attacks on Iran
Futures for Wall Street stocks dropped on Friday morning as oil prices surged amidst concerns over an expanding conflict in the Middle East, particularly after a series of Israeli airstrikes targeting Iranian military leaders and nuclear sites. The Dow Jones Industrial Average futures fell by 453 points (1.05%), settling at 42,863. Meanwhile, S&P 500 and […]
Tariffs Aren’t Increasing Prices; They’re Hurting Foreign Suppliers
Tariffs do not burden American consumers and businesses. If tariffs cause inflation then the economic data from this week would reflect that. But instead, it shows resilience and negotiation strength, almost like a surprising twist. The Consumer Price Index (CPI) stayed relatively stable in May. The headline CPI increased by just 0.1%, while core inflation—excluding […]
Trade in Gems and Precious Metals Affects Armenia’s Economy – Current Crude Oil Prices
Armenia’s Trade Turnover Plummets Armenia’s foreign trade turnover experienced a staggering 53% drop in the first four months of 2025, largely attributed to a sharp decline in the import and export of gemstones and precious metals, particularly diamonds and gold. For this period, Armenia’s total trade volume was reported at $6.3 billion, according to data […]
Wholesale prices rise less than anticipated before next week’s Fed meeting
Wholesale prices in the U.S. have seen a slight increase since last month, but inflationary pressures appear to be under control. The Labor Bureau reported that producers’ price indexes—a measure of inflation experienced by producers before it reaches consumers—rose by 2.6% year-over-year in May. From April to May, producer prices ticked up by 0.1%, following […]
Silver and platinum prices rise as investors look for alternatives to gold.
Investors are increasingly turning to silver and platinum as alternatives to the US dollar, driving prices for both metals higher. Gold, long seen as a safe haven, has experienced a remarkable surge, climbing 25% since the year began, as investors seek refuge amid ongoing global uncertainties. Interestingly, other precious metals like silver and platinum are […]